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Kenya Re - Waking up from the Slumber?
mwanahisa
#1 Posted : Thursday, October 28, 2010 2:51:59 PM
Rank: Elder


Joined: 6/2/2008
Posts: 1,438
Demand has been building up over the last few days although price has not changed much.

Could it be reacting to the relatively large EABL holding that KenRe has?

Where is Mwarania? He must be holding the record of the quietest CEOs of an NSE listed company that ever lived!
guru267
#2 Posted : Thursday, October 28, 2010 3:10:08 PM
Rank: Elder


Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
mwanahisa wrote:
Demand has been building up over the last few days although price has not changed much.

Could it be reacting to the relatively large EABL holding that KenRe has?

Where is Mwarania? He must be holding the record of the quitest CEOs of an NSE listed company that ever lived!


buy kenya re at these levels at your own risk!!!!
I plan to get in at 9.9bob
Mark 12:29
Deuteronomy 4:16
mwanahisa
#3 Posted : Thursday, October 28, 2010 3:36:29 PM
Rank: Elder


Joined: 6/2/2008
Posts: 1,438
guru267 wrote:

buy kenya re at these levels at your own risk!!!!
I plan to get in at 9.9bob


These are the some of the salient facts about Kenya Re.

As at 31.12.09,

1. NAV stood at Kshs 15.17;
2. EPS was at Kshs 2.21;
3. DPS - Kshs 0.50.

Sure it is a risk to buy KenRe at these prices given that Management appears rather weak and lacklustre and compulsory cessions will soon be coming to an end. In my view there is a very small chance of the price hitting 9.90 in the next 3 months.

With the above statistics, I think the downside is limited while 10-15% upside by early next year should not be too difficult to achieve.

If I could raise enough cheddar to buy about a million shares, I could become a price maker in the counter. Sadly I can't do it at the moment.
mwanahisa
#4 Posted : Friday, October 29, 2010 1:08:24 PM
Rank: Elder


Joined: 6/2/2008
Posts: 1,438
A sizeable quantity traded at 12.00 and more at 12.30. Let's see if it holds.

It appears that this counter was abandoned by Wazua investors some time back. Must be a lot of bloody noses out there!
Horton
#5 Posted : Friday, October 29, 2010 1:23:38 PM
Rank: Veteran


Joined: 8/30/2007
Posts: 1,558
Location: Nairobi
Jub is a better counter. Jub, has 17m shares in DTB. U do the math.
VituVingiSana
#6 Posted : Friday, October 29, 2010 1:31:15 PM
Rank: Chief


Joined: 1/3/2007
Posts: 18,223
Location: Nairobi
Horton wrote:
Jub is a better counter. Jub, has 17m shares in DTB. U do the math.

Hi! Trying to find you... vituvingisana@yahoo.com
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
mwanahisa
#7 Posted : Friday, October 29, 2010 1:34:24 PM
Rank: Elder


Joined: 6/2/2008
Posts: 1,438
Horton wrote:
Jub is a better counter. Jub, has 17m shares in DTB. U do the math.


Agreed Bwana Horton. I have sang Jub's praises for a while now, and I do hold the counter.

However, note that I have always considered Jubilee to my store of value to cushion my portfolio in terms of adversity. My profits from speculative activities go there.

Price appreciation of Jubilee tends to be slow, no wonder it does not appeal to most guys. They just don't know what they are missing.

In the meantime, I am trying to get some debate on the "sick man of the NSE" in the name of Kenya Re. Sometimes you can make money from such sicklings!!!
Horton
#8 Posted : Friday, October 29, 2010 1:41:48 PM
Rank: Veteran


Joined: 8/30/2007
Posts: 1,558
Location: Nairobi
VituVingiSana wrote:
Horton wrote:
Jub is a better counter. Jub, has 17m shares in DTB. U do the math.

Hi! Trying to find you... vituvingisana@yahoo.com


Cheers. Pole. Working hard.
Horton
#9 Posted : Friday, October 29, 2010 1:45:36 PM
Rank: Veteran


Joined: 8/30/2007
Posts: 1,558
Location: Nairobi
mwanahisa wrote:
Horton wrote:
Jub is a better counter. Jub, has 17m shares in DTB. U do the math.


Agreed Bwana Horton. I have sang Jub's praises for a while now, and I do hold the counter.

However, note that I have always considered Jubilee to my store of value to cushion my portfolio in terms of adversity. My profits from speculative activities go there.

Price appreciation of Jubilee tends to be slow, no wonder it does not appeal to most guys. They just don't know what they are missing.

In the meantime, I am trying to get some debate on the "sick man of the NSE" in the name of Kenya Re. Sometimes you can make money from such sicklings!!!



Hmmm..makes sense. I'm also trying to buy as many Jub as I can before the results are announced. Good luck with KNRE...
VituVingiSana
#10 Posted : Friday, October 29, 2010 2:04:24 PM
Rank: Chief


Joined: 1/3/2007
Posts: 18,223
Location: Nairobi
Horton wrote:
VituVingiSana wrote:
Horton wrote:
Jub is a better counter. Jub, has 17m shares in DTB. U do the math.

Hi! Trying to find you... vituvingisana@yahoo.com


Cheers. Pole. Working hard.
Shoot me an email. Asante.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
youcan'tstopusnow
#11 Posted : Friday, October 29, 2010 2:18:25 PM
Rank: Chief


Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
mwanahisa wrote:
Must be a lot of bloody noses out there!

Haha! Got trapped ex-div (guru, I should have listenedsmile) Haven't been able to sell since
GOD BLESS YOUR LIFE
guru267
#12 Posted : Friday, October 29, 2010 3:36:19 PM
Rank: Elder


Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
youcan'tstopusnow wrote:
mwanahisa wrote:
Must be a lot of bloody noses out there!

Haha! Got trapped ex-div (guru, I should have listenedsmile) Haven't been able to sell since


shIT happens man!!!!
Mark 12:29
Deuteronomy 4:16
youcan'tstopusnow
#13 Posted : Wednesday, December 08, 2010 7:28:59 PM
Rank: Chief


Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
Huge volumes lately. Traded almost a million today. Price also up 9.21% the last two days. Woken up from the slumber? Ama wamepata C.E.O mpya?
GOD BLESS YOUR LIFE
kyukkamba
#14 Posted : Thursday, December 09, 2010 9:46:00 AM
Rank: Member


Joined: 5/28/2010
Posts: 151
youcan'tstopusnow wrote:
Huge volumes lately. Traded almost a million today. Price also up 9.21% the last two days. Woken up from the slumber? Ama wamepata C.E.O mpya?


Haki tumengoja vyakutosha...let's see how far it'll go...wengine tulinunua @ 15/= ...Sad ...Jana ni juu +9 leo ni chini -4.

Lkini Guru really is strange she's waitting for it to go to 9/= Aiiiii Siutamaliza sisPray
Ni Uhuru wa Mbesha...Niguo kana tiguo?
Sober
#15 Posted : Thursday, December 09, 2010 9:59:01 AM
Rank: Elder


Joined: 11/27/2007
Posts: 3,604
what made it wake up abruptly then go back to slumber? is that a sign of waking up soon.
African parents don't know how to say sorry.. the closest you will get to a sorry is a 'have you eaten'
lovely2010
#16 Posted : Thursday, December 09, 2010 12:24:49 PM
Rank: Member


Joined: 10/25/2010
Posts: 519
Location: nairobi
I cant wait to get rid of this counter I bought @ between 12 and 18
vestor
#17 Posted : Thursday, December 09, 2010 1:02:27 PM
Rank: Member


Joined: 11/9/2010
Posts: 132
I am really thinking whether I should board this boat and chomoka with kina lovely.
lovely2010
#18 Posted : Thursday, December 09, 2010 1:30:32 PM
Rank: Member


Joined: 10/25/2010
Posts: 519
Location: nairobi
If I had a baby the moment I bought this counter angekua ameanza kuenda shule...imekwama sana!!!!
Wondergirl
#19 Posted : Thursday, December 09, 2010 1:44:41 PM
Rank: Member


Joined: 9/12/2009
Posts: 312
lovely2010 wrote:
I cant wait to get rid of this counter I bought @ between 12 and 18

IF there is comfor in numbers, Know you are not alone!
youcan'tstopusnow
#20 Posted : Thursday, December 09, 2010 1:54:07 PM
Rank: Chief


Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
2.6 million traded so far
GOD BLESS YOUR LIFE
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