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16 Pages«<1213141516>
Kenya Re - 2018 and beyond
Angelica _ann
#261 Posted : Tuesday, March 19, 2019 9:54:17 AM
Rank: Elder


Joined: 12/7/2012
Posts: 11,595
VituVingiSana wrote:
Profit Warning for FY 2018.

Before a couple of chaps say it Laughing out loudly Laughing out loudly Laughing out loudly

Yes, I have KenRe as a core holding. Was it a mistake given GoK's control? I think so but I am not selling yet.

Yes, it is a PW but not a loss. smile


I think is this Gava, GoK firms are beconing uncortable to hold. Anyway i am a big holder & fun of this counter but we will see what is the cause of the drop in the profit before making the next move.

Jubilee yawa d'oh! d'oh! d'oh!
In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
the deal
#262 Posted : Tuesday, March 19, 2019 2:36:54 PM
Rank: Elder


Joined: 9/25/2009
Posts: 4,525
Location: Windhoek/Nairobbery
the deal wrote:
Ericsson wrote:
VituVingiSana wrote:
Kenya Re 2006 15/-
Kenya Re 2018 18.70/- (1:6 Bonus in 2012)
Annual Dividends (2012-2018 = 3.60)

KQ 2006 120/- (Pre-consolidation)
KQ 2018 1.75 (Not a typo; pre-consolidation)
Dividends ZERO (2012-2018)
Laughing out loudly Laughing out loudly Laughing out loudly

The "expected FY 2018" dividend from Kenya Re is KES 0.85 which is 50% of what pre-consolidation KQ trades at! Drool Drool Drool

85 cents was also paid out in FY2017 results.
2018 they may hike it to 90 cents or ksh.1


Expect no dividend hike here instead FY2018 will be a disaster!


Hmmmm profit warning is in....
obiero
#263 Posted : Wednesday, May 15, 2019 7:03:50 PM
Rank: Elder


Joined: 6/23/2009
Posts: 12,752
Location: nairobi
the deal wrote:
the deal wrote:
Ericsson wrote:
VituVingiSana wrote:
Kenya Re 2006 15/-
Kenya Re 2018 18.70/- (1:6 Bonus in 2012)
Annual Dividends (2012-2018 = 3.60)

KQ 2006 120/- (Pre-consolidation)
KQ 2018 1.75 (Not a typo; pre-consolidation)
Dividends ZERO (2012-2018)
Laughing out loudly Laughing out loudly Laughing out loudly

The "expected FY 2018" dividend from Kenya Re is KES 0.85 which is 50% of what pre-consolidation KQ trades at! Drool Drool Drool

85 cents was also paid out in FY2017 results.
2018 they may hike it to 90 cents or ksh.1


Expect no dividend hike here instead FY2018 will be a disaster!


Hmmmm profit warning is in....

And the share keeps rising in a sham rally.. God help us
COOP 5,500 ABP12.6; HF 30,000 ABP 5.90; KCB 7,500 ABP 36; KQ 414,100 ABP 7.92
Ericsson
#264 Posted : Wednesday, May 15, 2019 10:40:04 PM
Rank: Elder


Joined: 12/4/2009
Posts: 8,533
Location: NAIROBI
obiero wrote:
the deal wrote:
the deal wrote:
Ericsson wrote:
VituVingiSana wrote:
Kenya Re 2006 15/-
Kenya Re 2018 18.70/- (1:6 Bonus in 2012)
Annual Dividends (2012-2018 = 3.60)

KQ 2006 120/- (Pre-consolidation)
KQ 2018 1.75 (Not a typo; pre-consolidation)
Dividends ZERO (2012-2018)
Laughing out loudly Laughing out loudly Laughing out loudly

The "expected FY 2018" dividend from Kenya Re is KES 0.85 which is 50% of what pre-consolidation KQ trades at! Drool Drool Drool

85 cents was also paid out in FY2017 results.
2018 they may hike it to 90 cents or ksh.1


Expect no dividend hike here instead FY2018 will be a disaster!


Hmmmm profit warning is in....

And the share keeps rising in a sham rally.. God help us


hayo yalipita ganga yajaayo,the rally is about promising future
sparkly
#265 Posted : Thursday, May 16, 2019 9:07:29 AM
Rank: Elder


Joined: 9/23/2009
Posts: 7,795
Location: Enk are Nyirobi
Ericsson wrote:
obiero wrote:
the deal wrote:
the deal wrote:
Ericsson wrote:
VituVingiSana wrote:
Kenya Re 2006 15/-
Kenya Re 2018 18.70/- (1:6 Bonus in 2012)
Annual Dividends (2012-2018 = 3.60)

KQ 2006 120/- (Pre-consolidation)
KQ 2018 1.75 (Not a typo; pre-consolidation)
Dividends ZERO (2012-2018)
Laughing out loudly Laughing out loudly Laughing out loudly

The "expected FY 2018" dividend from Kenya Re is KES 0.85 which is 50% of what pre-consolidation KQ trades at! Drool Drool Drool

85 cents was also paid out in FY2017 results.
2018 they may hike it to 90 cents or ksh.1


Expect no dividend hike here instead FY2018 will be a disaster!


Hmmmm profit warning is in....

And the share keeps rising in a sham rally.. God help us


hayo yalipita ganga yajaayo,the rally is about promising future


It will fizzle out at c. 15.

People who bought at c. 11 will make a tidy profit.
Life is short. Live passionately.
Angelica _ann
#266 Posted : Thursday, May 16, 2019 9:43:43 AM
Rank: Elder


Joined: 12/7/2012
Posts: 11,595
sparkly wrote:
Ericsson wrote:
obiero wrote:
the deal wrote:
the deal wrote:
Ericsson wrote:
VituVingiSana wrote:
Kenya Re 2006 15/-
Kenya Re 2018 18.70/- (1:6 Bonus in 2012)
Annual Dividends (2012-2018 = 3.60)

KQ 2006 120/- (Pre-consolidation)
KQ 2018 1.75 (Not a typo; pre-consolidation)
Dividends ZERO (2012-2018)
Laughing out loudly Laughing out loudly Laughing out loudly

The "expected FY 2018" dividend from Kenya Re is KES 0.85 which is 50% of what pre-consolidation KQ trades at! Drool Drool Drool

85 cents was also paid out in FY2017 results.
2018 they may hike it to 90 cents or ksh.1


Expect no dividend hike here instead FY2018 will be a disaster!


Hmmmm profit warning is in....

And the share keeps rising in a sham rally.. God help us


hayo yalipita ganga yajaayo,the rally is about promising future


It will fizzle out at c. 15.

People who bought at c. 11 will make a tidy profit.


If they sell .... smile
In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
Spikes
#267 Posted : Thursday, May 16, 2019 9:46:58 AM
Rank: Elder


Joined: 9/20/2015
Posts: 2,807
Location: Mombasa
Angelica _ann wrote:
sparkly wrote:
Ericsson wrote:
obiero wrote:
the deal wrote:
the deal wrote:
Ericsson wrote:
VituVingiSana wrote:
Kenya Re 2006 15/-
Kenya Re 2018 18.70/- (1:6 Bonus in 2012)
Annual Dividends (2012-2018 = 3.60)

KQ 2006 120/- (Pre-consolidation)
KQ 2018 1.75 (Not a typo; pre-consolidation)
Dividends ZERO (2012-2018)
Laughing out loudly Laughing out loudly Laughing out loudly

The "expected FY 2018" dividend from Kenya Re is KES 0.85 which is 50% of what pre-consolidation KQ trades at! Drool Drool Drool

85 cents was also paid out in FY2017 results.
2018 they may hike it to 90 cents or ksh.1


Expect no dividend hike here instead FY2018 will be a disaster!


Hmmmm profit warning is in....

And the share keeps rising in a sham rally.. God help us


hayo yalipita ganga yajaayo,the rally is about promising future


It will fizzle out at c. 15.

People who bought at c. 11 will make a tidy profit.


If they sell .... smile


The rest kaput!Laughing out loudly Laughing out loudly Laughing out loudly
John 5:17 But Jesus replied, “My Father is always working, and so am I.”
sparkly
#268 Posted : Thursday, May 16, 2019 2:23:48 PM
Rank: Elder


Joined: 9/23/2009
Posts: 7,795
Location: Enk are Nyirobi
Spikes wrote:
Angelica _ann wrote:
sparkly wrote:
Ericsson wrote:
obiero wrote:
the deal wrote:
the deal wrote:
Ericsson wrote:
VituVingiSana wrote:
Kenya Re 2006 15/-
Kenya Re 2018 18.70/- (1:6 Bonus in 2012)
Annual Dividends (2012-2018 = 3.60)

KQ 2006 120/- (Pre-consolidation)
KQ 2018 1.75 (Not a typo; pre-consolidation)
Dividends ZERO (2012-2018)
Laughing out loudly Laughing out loudly Laughing out loudly

The "expected FY 2018" dividend from Kenya Re is KES 0.85 which is 50% of what pre-consolidation KQ trades at! Drool Drool Drool

85 cents was also paid out in FY2017 results.
2018 they may hike it to 90 cents or ksh.1


Expect no dividend hike here instead FY2018 will be a disaster!


Hmmmm profit warning is in....

And the share keeps rising in a sham rally.. God help us


hayo yalipita ganga yajaayo,the rally is about promising future


It will fizzle out at c. 15.

People who bought at c. 11 will make a tidy profit.


If they sell .... smile


The rest kaput!Laughing out loudly Laughing out loudly Laughing out loudly



The market is in bear. The bonus issue news will excite the share up to the 15 bob resistance but bearish sentiments will ultimately win.

When the bulls return, we will make our money. In the meanwhile, we chew dividends and the bonus as we await payday.

My Average Buying price including commissions is 18.80 but I am not worried.

Life is short. Live passionately.
Metch
#269 Posted : Thursday, May 16, 2019 2:38:13 PM
Rank: Member


Joined: 12/22/2015
Posts: 193
Location: Mombasa, Kenya
sparkly wrote:
Spikes wrote:
Angelica _ann wrote:
sparkly wrote:
Ericsson wrote:
obiero wrote:
the deal wrote:
the deal wrote:
Ericsson wrote:
VituVingiSana wrote:
Kenya Re 2006 15/-
Kenya Re 2018 18.70/- (1:6 Bonus in 2012)
Annual Dividends (2012-2018 = 3.60)

KQ 2006 120/- (Pre-consolidation)
KQ 2018 1.75 (Not a typo; pre-consolidation)
Dividends ZERO (2012-2018)
Laughing out loudly Laughing out loudly Laughing out loudly

The "expected FY 2018" dividend from Kenya Re is KES 0.85 which is 50% of what pre-consolidation KQ trades at! Drool Drool Drool

85 cents was also paid out in FY2017 results.
2018 they may hike it to 90 cents or ksh.1


Expect no dividend hike here instead FY2018 will be a disaster!


Hmmmm profit warning is in....

And the share keeps rising in a sham rally.. God help us


hayo yalipita ganga yajaayo,the rally is about promising future


It will fizzle out at c. 15.

People who bought at c. 11 will make a tidy profit.


If they sell .... smile


The rest kaput!Laughing out loudly Laughing out loudly Laughing out loudly



The market is in bear. The bonus issue news will excite the share up to the 15 bob resistance but bearish sentiments will ultimately win.

When the bulls return, we will make our money. In the meanwhile, we chew dividends and the bonus as we await payday.

My Average Buying price including commissions is 18.80 but I am not worried.



the market is unkind to investors. exciting for traders
Start!
obiero
#270 Posted : Thursday, May 16, 2019 2:44:54 PM
Rank: Elder


Joined: 6/23/2009
Posts: 12,752
Location: nairobi
Metch wrote:
sparkly wrote:
Spikes wrote:
Angelica _ann wrote:
sparkly wrote:
Ericsson wrote:
obiero wrote:
the deal wrote:
the deal wrote:
Ericsson wrote:
VituVingiSana wrote:
Kenya Re 2006 15/-
Kenya Re 2018 18.70/- (1:6 Bonus in 2012)
Annual Dividends (2012-2018 = 3.60)

KQ 2006 120/- (Pre-consolidation)
KQ 2018 1.75 (Not a typo; pre-consolidation)
Dividends ZERO (2012-2018)
Laughing out loudly Laughing out loudly Laughing out loudly

The "expected FY 2018" dividend from Kenya Re is KES 0.85 which is 50% of what pre-consolidation KQ trades at! Drool Drool Drool

85 cents was also paid out in FY2017 results.
2018 they may hike it to 90 cents or ksh.1


Expect no dividend hike here instead FY2018 will be a disaster!


Hmmmm profit warning is in....

And the share keeps rising in a sham rally.. God help us


hayo yalipita ganga yajaayo,the rally is about promising future


It will fizzle out at c. 15.

People who bought at c. 11 will make a tidy profit.


If they sell .... smile


The rest kaput!Laughing out loudly Laughing out loudly Laughing out loudly



The market is in bear. The bonus issue news will excite the share up to the 15 bob resistance but bearish sentiments will ultimately win.

When the bulls return, we will make our money. In the meanwhile, we chew dividends and the bonus as we await payday.

My Average Buying price including commissions is 18.80 but I am not worried.



the market is unkind to investors. exciting for traders

This particular share should not be considered by traders nor investors.. Theres a dim future here
COOP 5,500 ABP12.6; HF 30,000 ABP 5.90; KCB 7,500 ABP 36; KQ 414,100 ABP 7.92
Ericsson
#271 Posted : Thursday, May 16, 2019 3:04:17 PM
Rank: Elder


Joined: 12/4/2009
Posts: 8,533
Location: NAIROBI
obiero wrote:
Metch wrote:
sparkly wrote:
Spikes wrote:
Angelica _ann wrote:
sparkly wrote:
Ericsson wrote:
obiero wrote:
the deal wrote:
the deal wrote:
Ericsson wrote:
VituVingiSana wrote:
Kenya Re 2006 15/-
Kenya Re 2018 18.70/- (1:6 Bonus in 2012)
Annual Dividends (2012-2018 = 3.60)

KQ 2006 120/- (Pre-consolidation)
KQ 2018 1.75 (Not a typo; pre-consolidation)
Dividends ZERO (2012-2018)
Laughing out loudly Laughing out loudly Laughing out loudly

The "expected FY 2018" dividend from Kenya Re is KES 0.85 which is 50% of what pre-consolidation KQ trades at! Drool Drool Drool

85 cents was also paid out in FY2017 results.
2018 they may hike it to 90 cents or ksh.1


Expect no dividend hike here instead FY2018 will be a disaster!


Hmmmm profit warning is in....

And the share keeps rising in a sham rally.. God help us


hayo yalipita ganga yajaayo,the rally is about promising future


It will fizzle out at c. 15.

People who bought at c. 11 will make a tidy profit.


If they sell .... smile


The rest kaput!Laughing out loudly Laughing out loudly Laughing out loudly



The market is in bear. The bonus issue news will excite the share up to the 15 bob resistance but bearish sentiments will ultimately win.

When the bulls return, we will make our money. In the meanwhile, we chew dividends and the bonus as we await payday.

My Average Buying price including commissions is 18.80 but I am not worried.



the market is unkind to investors. exciting for traders

This particular share should not be considered by traders nor investors.. Theres a dim future here


It's okay
Extraterrestrial
#272 Posted : Wednesday, December 11, 2019 3:45:40 AM
Rank: Member


Joined: 11/17/2018
Posts: 146
Location: Mars
NSE-listed firm reported a claims ratio of 72.1 percent in the quarter ended June.. West African Insurance Companies Association (Waica Re) has the most profitable underwriting business in general insurance, paying out only 8.1 percent of the premiums it collects.. Ghana Re is the third most profitable with a claims ratio of 30 percent and is followed by Continental Re (47.2 percent) and East Africa Re (65.2 percent).

https://www.businessdail...asAMP-57hud9z/index.html
heri
#273 Posted : Wednesday, December 11, 2019 8:47:30 AM
Rank: Member


Joined: 9/14/2011
Posts: 746
Location: nairobi
[quote=Extraterrestrial]NSE-listed firm reported a claims ratio of 72.1 percent in the quarter ended June.. West African Insurance Companies Association (Waica Re) has the most profitable underwriting business in general insurance, paying out only 8.1 percent of the premiums it collects.. Ghana Re is the third most profitable with a claims ratio of 30 percent and is followed by Continental Re (47.2 percent) and East Africa Re (65.2 percent).

https://www.businessdail...sAMP-57hud9z/index.html[/quote]

Kennya Re is that bad? 72% while others are doing 8%
Ericsson
#274 Posted : Wednesday, December 11, 2019 12:46:39 PM
Rank: Elder


Joined: 12/4/2009
Posts: 8,533
Location: NAIROBI
heri wrote:
[quote=Extraterrestrial]NSE-listed firm reported a claims ratio of 72.1 percent in the quarter ended June.. West African Insurance Companies Association (Waica Re) has the most profitable underwriting business in general insurance, paying out only 8.1 percent of the premiums it collects.. Ghana Re is the third most profitable with a claims ratio of 30 percent and is followed by Continental Re (47.2 percent) and East Africa Re (65.2 percent).

https://www.businessdail...sAMP-57hud9z/index.html[/quote]

Kennya Re is that bad? 72% while others are doing 8%

there is a chance private insurers and reinsurers could take advantage of the nature of its ownership to offload risk into the entity
target1360
#275 Posted : Wednesday, December 11, 2019 2:37:17 PM
Rank: Member


Joined: 5/14/2014
Posts: 284
Location: nairobi
That article by the bdaily was not factual. The author does not understand nature of insurance business.
I find satisfaction in owning great business,not trading them
heri
#276 Posted : Wednesday, December 11, 2019 4:19:13 PM
Rank: Member


Joined: 9/14/2011
Posts: 746
Location: nairobi
target1360 wrote:
That article by the bdaily was not factual. The author does not understand nature of insurance business.


Which parts did you find not factual?
Fyatu
#277 Posted : Wednesday, December 11, 2019 4:49:51 PM
Rank: Veteran


Joined: 1/20/2011
Posts: 1,716
Location: Nakuru
heri wrote:
Extraterrestrial wrote:
NSE-listed firm reported a claims ratio of 72.1 percent in the quarter ended June.. West African Insurance Companies Association (Waica Re) has the most profitable underwriting business in general insurance, paying out only 8.1 percent of the premiums it collects.. Ghana Re is the third most profitable with a claims ratio of 30 percent and is followed by Continental Re (47.2 percent) and East Africa Re (65.2 percent).

https://www.businessdail...sAMP-57hud9z/index.html



Kennya Re is that bad? 72% while others are doing 8%



Kenya Re is a GoK cash cow. Where do you think money for flowers and soda na mandazi for the endless international talk-shops hosted in Nairobi by GoK comes from?
Dumb money becomes dumb only when it listens to smart money
Ericsson
#278 Posted : Monday, December 23, 2019 1:01:10 AM
Rank: Elder


Joined: 12/4/2009
Posts: 8,533
Location: NAIROBI
Ericsson
#279 Posted : Tuesday, December 31, 2019 12:07:36 PM
Rank: Elder


Joined: 12/4/2009
Posts: 8,533
Location: NAIROBI
Kenya Re stake in ATI set for dilution

https://www.businessdail...0524-137okry/index.html

Kenya Re has bought a minority stake in Africa Trade Insurance Agency (ATI), securing an additional revenue stream from the fast-growing continental underwriter.

The Nairobi Securities Exchange-listed firm last month invested $1 million (Sh87.5 million) in ATI, taking a 0.55 per cent stake in the multinational that covers political and trade risks.


https://www.businessdail...2888-5kc5maz/index.html

Nairobi-based African Trade Insurance (ATI) is raising of $69.1 million (Sh6.9 billion) from five new member countries that will be issued with shares amounting to a combined 18.72 percent stake in the company.

The underwriter has already received Sh1.4 billion and Sh1.7 billion from Nigeria and Ghana respectively. Nigeria acquired a 3.8 percent stake in the transaction while Ghana secured a 4.78 percent equity.

Niger, Togo and Cameroon will each invest Sh1.2 billion in ATI by March 2020 and will each receive a stake of 3.38 percent.
Besides raising capital from new member states, the insurer also recently sold a 3.5 percent stake to Swiss insurance firm Chubb for Sh1 billion as part of its efforts to strengthen its balance sheet.

“These new shareholdings, combined with a solid performance and steady growth, are expected to bring ATI’s equity to a level exceeding $400 million (Sh40.4 billion) in 2020,” ATI said in a statement.

The entry of new shareholders is set to dilute earlier investors including Kenya which has been the top investor with a stake of 10.36 percent.
Ericsson
#280 Posted : Monday, January 27, 2020 4:53:53 PM
Rank: Elder


Joined: 12/4/2009
Posts: 8,533
Location: NAIROBI
Kenya Re has a 3.5% stake in Industrial Development Bank (IDB)
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