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24 Pages«<21222324>
KenyaRe FY19 - FY23 (Both Inclusive)
Ericsson
#441 Posted : Friday, March 27, 2020 2:13:37 PM
Rank: Elder


Joined: 12/4/2009
Posts: 8,393
Location: NAIROBI
VituVingiSana wrote:
sparkly wrote:
Ericsson wrote:
FY2019
profit before tax increased by 35% from ksh.3.1bn to ksh.4.18bn due to high gross premiums written,significant growth in the share of profit from investment in associate in Zep Re and gains on revaluation of investment property.
Asset base grew by 14% from ksh.44.36bn to 50.36bn
The board of directors recommend a dividend of ksh.0.1 per share

Link:https://www.nse.co.ke/listed-companies/company-announcements/issuer-announcements.html

10 cents, what a joke!
d'oh! Laughing out loudly d'oh! Laughing out loudly d'oh! Laughing out loudly d'oh! Laughing out loudly
The stated EPS is 2.55 but the there is a 2bn FV Gain on Revaluation.
Any info?


My guess is the time when the additional shares were credited and for what duration they were till the end of the year for the EPS of ksh.2.55
Superprime1
#442 Posted : Friday, March 27, 2020 3:30:15 PM
Rank: Member


Joined: 5/2/2018
Posts: 263
VituVingiSana wrote:
sparkly wrote:
Ericsson wrote:
FY2019
profit before tax increased by 35% from ksh.3.1bn to ksh.4.18bn due to high gross premiums written,significant growth in the share of profit from investment in associate in Zep Re and gains on revaluation of investment property.
Asset base grew by 14% from ksh.44.36bn to 50.36bn
The board of directors recommend a dividend of ksh.0.1 per share

Link:https://www.nse.co.ke/listed-companies/company-announcements/issuer-announcements.html

10 cents, what a joke!
d'oh! Laughing out loudly d'oh! Laughing out loudly d'oh! Laughing out loudly d'oh! Laughing out loudly
The stated EPS is 2.55 but the there is a 2bn FV Gain on Revaluation.
Any info?

I believe the 2019 EPS is based on the new number of issued shares i.e. it would've been higher at around 10.20, just as dividend would've been 0.40....
xtina
#443 Posted : Friday, March 27, 2020 7:15:21 PM
Rank: Member


Joined: 6/26/2008
Posts: 329
sparkly wrote:
Ericsson wrote:
FY2019
profit before tax increased by 35% from ksh.3.1bn to ksh.4.18bn due to high gross premiums written,significant growth in the share of profit from investment in associate in Zep Re and gains on revaluation of investment property.
Asset base grew by 14% from ksh.44.36bn to 50.36bn
The board of directors recommend a dividend of ksh.0.1 per share

Link:https://www.nse.co.ke/listed-companies/company-announcements/issuer-announcements.html


10 cents, what a joke!


Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly hapa sasa labda capital gains
Ericsson
#444 Posted : Saturday, March 28, 2020 9:26:07 AM
Rank: Elder


Joined: 12/4/2009
Posts: 8,393
Location: NAIROBI
VituVingiSana wrote:
sparkly wrote:
Ericsson wrote:
FY2019
profit before tax increased by 35% from ksh.3.1bn to ksh.4.18bn due to high gross premiums written,significant growth in the share of profit from investment in associate in Zep Re and gains on revaluation of investment property.
Asset base grew by 14% from ksh.44.36bn to 50.36bn
The board of directors recommend a dividend of ksh.0.1 per share

Link:https://www.nse.co.ke/listed-companies/company-announcements/issuer-announcements.html

10 cents, what a joke!
d'oh! Laughing out loudly d'oh! Laughing out loudly d'oh! Laughing out loudly d'oh! Laughing out loudly
The stated EPS is 2.55 but the there is a 2bn FV Gain on Revaluation.
Any info?


That is what boosted the profits
Jon Jones
#445 Posted : Saturday, March 28, 2020 10:35:21 AM
Rank: Member


Joined: 9/11/2015
Posts: 104
Location: Thika
Government shareholding is and will always be a big turn-off. This counter will never take off until the government is diluted below 50% to manageable levels and ceases to be the largest shareholder. The bad news is that the government never sells so you can as well perish that thought. I see naive investors buying this stock which is an obvious value trap but they soon realize their mistake.
Since men have learned to shoot without missing, I have learned to fly without perching
Extraterrestrial
#446 Posted : Saturday, March 28, 2020 11:48:26 AM
Rank: Member


Joined: 11/17/2018
Posts: 140
Location: Mars
Superprime1 wrote:
VituVingiSana wrote:
sparkly wrote:
Ericsson wrote:
FY2019
profit before tax increased by 35% from ksh.3.1bn to ksh.4.18bn due to high gross premiums written,significant growth in the share of profit from investment in associate in Zep Re and gains on revaluation of investment property.
Asset base grew by 14% from ksh.44.36bn to 50.36bn
The board of directors recommend a dividend of ksh.0.1 per share

Link:https://www.nse.co.ke/listed-companies/company-announcements/issuer-announcements.html

10 cents, what a joke!
d'oh! Laughing out loudly d'oh! Laughing out loudly d'oh! Laughing out loudly d'oh! Laughing out loudly
The stated EPS is 2.55 but the there is a 2bn FV Gain on Revaluation.
Any info?

I believe the 2019 EPS is based on the new number of issued shares i.e. it would've been higher at around 10.20, just as dividend would've been 0.40....


So how is the damn thing trading at its EPS?
obiero
#447 Posted : Saturday, March 28, 2020 1:25:07 PM
Rank: Elder


Joined: 6/23/2009
Posts: 12,684
Location: nairobi
Extraterrestrial wrote:
Superprime1 wrote:
VituVingiSana wrote:
sparkly wrote:
Ericsson wrote:
FY2019
profit before tax increased by 35% from ksh.3.1bn to ksh.4.18bn due to high gross premiums written,significant growth in the share of profit from investment in associate in Zep Re and gains on revaluation of investment property.
Asset base grew by 14% from ksh.44.36bn to 50.36bn
The board of directors recommend a dividend of ksh.0.1 per share

Link:https://www.nse.co.ke/listed-companies/company-announcements/issuer-announcements.html

10 cents, what a joke!
d'oh! Laughing out loudly d'oh! Laughing out loudly d'oh! Laughing out loudly d'oh! Laughing out loudly
The stated EPS is 2.55 but the there is a 2bn FV Gain on Revaluation.
Any info?

I believe the 2019 EPS is based on the new number of issued shares i.e. it would've been higher at around 10.20, just as dividend would've been 0.40....


So how is the damn thing trading at its EPS?

A basket case. Bandia firm. Unfortunate to have bought some
www.winda.co.ke
Ericsson
#448 Posted : Saturday, March 28, 2020 2:18:06 PM
Rank: Elder


Joined: 12/4/2009
Posts: 8,393
Location: NAIROBI
obiero wrote:
Extraterrestrial wrote:
Superprime1 wrote:
VituVingiSana wrote:
sparkly wrote:
Ericsson wrote:
FY2019
profit before tax increased by 35% from ksh.3.1bn to ksh.4.18bn due to high gross premiums written,significant growth in the share of profit from investment in associate in Zep Re and gains on revaluation of investment property.
Asset base grew by 14% from ksh.44.36bn to 50.36bn
The board of directors recommend a dividend of ksh.0.1 per share

Link:https://www.nse.co.ke/listed-companies/company-announcements/issuer-announcements.html

10 cents, what a joke!
d'oh! Laughing out loudly d'oh! Laughing out loudly d'oh! Laughing out loudly d'oh! Laughing out loudly
The stated EPS is 2.55 but the there is a 2bn FV Gain on Revaluation.
Any info?

I believe the 2019 EPS is based on the new number of issued shares i.e. it would've been higher at around 10.20, just as dividend would've been 0.40....


So how is the damn thing trading at its EPS?

A basket case. Bandia firm. Unfortunate to have bought some


Reduce the number of bandia firms in your portfolio
sparkly
#449 Posted : Saturday, March 28, 2020 2:42:58 PM
Rank: Elder


Joined: 9/23/2009
Posts: 7,716
Location: Enk are Nyirobi
Ericsson wrote:
obiero wrote:
Extraterrestrial wrote:
Superprime1 wrote:
VituVingiSana wrote:
sparkly wrote:
Ericsson wrote:
FY2019
profit before tax increased by 35% from ksh.3.1bn to ksh.4.18bn due to high gross premiums written,significant growth in the share of profit from investment in associate in Zep Re and gains on revaluation of investment property.
Asset base grew by 14% from ksh.44.36bn to 50.36bn
The board of directors recommend a dividend of ksh.0.1 per share

Link:https://www.nse.co.ke/listed-companies/company-announcements/issuer-announcements.html

10 cents, what a joke!
d'oh! Laughing out loudly d'oh! Laughing out loudly d'oh! Laughing out loudly d'oh! Laughing out loudly
The stated EPS is 2.55 but the there is a 2bn FV Gain on Revaluation.
Any info?

I believe the 2019 EPS is based on the new number of issued shares i.e. it would've been higher at around 10.20, just as dividend would've been 0.40....


So how is the damn thing trading at its EPS?

A basket case. Bandia firm. Unfortunate to have bought some


Reduce the number of bandia firms in your portfolio


Laughing out loudly Laughing out loudly Laughing out loudly
Life is short. Live passionately.
obiero
#450 Posted : Sunday, March 29, 2020 12:25:25 PM
Rank: Elder


Joined: 6/23/2009
Posts: 12,684
Location: nairobi
sparkly wrote:
Ericsson wrote:
obiero wrote:
Extraterrestrial wrote:
Superprime1 wrote:
VituVingiSana wrote:
sparkly wrote:
Ericsson wrote:
FY2019
profit before tax increased by 35% from ksh.3.1bn to ksh.4.18bn due to high gross premiums written,significant growth in the share of profit from investment in associate in Zep Re and gains on revaluation of investment property.
Asset base grew by 14% from ksh.44.36bn to 50.36bn
The board of directors recommend a dividend of ksh.0.1 per share

Link:https://www.nse.co.ke/listed-companies/company-announcements/issuer-announcements.html

10 cents, what a joke!
d'oh! Laughing out loudly d'oh! Laughing out loudly d'oh! Laughing out loudly d'oh! Laughing out loudly
The stated EPS is 2.55 but the there is a 2bn FV Gain on Revaluation.
Any info?

I believe the 2019 EPS is based on the new number of issued shares i.e. it would've been higher at around 10.20, just as dividend would've been 0.40....


So how is the damn thing trading at its EPS?

A basket case. Bandia firm. Unfortunate to have bought some


Reduce the number of bandia firms in your portfolio


Laughing out loudly Laughing out loudly Laughing out loudly

Hehe. Only KENRE is a bandia firm in my portfolio and I am down by just KES 0.60 per share
www.winda.co.ke
the deal
#451 Posted : Sunday, March 29, 2020 1:00:28 PM
Rank: Elder


Joined: 9/25/2009
Posts: 4,525
Location: Windhoek/Nairobbery
Insurance companies are in for a rough 2020...
xxxxx
#452 Posted : Sunday, March 29, 2020 1:09:48 PM
Rank: Member


Joined: 3/20/2008
Posts: 498
obiero wrote:
sparkly wrote:
Ericsson wrote:
obiero wrote:
Extraterrestrial wrote:
Superprime1 wrote:
VituVingiSana wrote:
sparkly wrote:
Ericsson wrote:
FY2019
profit before tax increased by 35% from ksh.3.1bn to ksh.4.18bn due to high gross premiums written,significant growth in the share of profit from investment in associate in Zep Re and gains on revaluation of investment property.
Asset base grew by 14% from ksh.44.36bn to 50.36bn
The board of directors recommend a dividend of ksh.0.1 per share

Link:https://www.nse.co.ke/listed-companies/company-announcements/issuer-announcements.html

10 cents, what a joke!
d'oh! Laughing out loudly d'oh! Laughing out loudly d'oh! Laughing out loudly d'oh! Laughing out loudly
The stated EPS is 2.55 but the there is a 2bn FV Gain on Revaluation.
Any info?

I believe the 2019 EPS is based on the new number of issued shares i.e. it would've been higher at around 10.20, just as dividend would've been 0.40....


So how is the damn thing trading at its EPS?

A basket case. Bandia firm. Unfortunate to have bought some


Reduce the number of bandia firms in your portfolio


Laughing out loudly Laughing out loudly Laughing out loudly

Hehe. Only KENRE is a bandia firm in my portfolio and I am down by just KES 0.60 per share


HousingFinance bandia firm
Laughing out loudly Laughing out loudly Laughing out loudly KQ bandia firmLaughing out loudly Laughing out loudly Laughing out loudly
VituVingiSana
#453 Posted : Monday, March 30, 2020 1:49:30 AM
Rank: Chief


Joined: 1/3/2007
Posts: 16,974
Location: Nairobi
obiero wrote:
Extraterrestrial wrote:
Superprime1 wrote:
VituVingiSana wrote:
sparkly wrote:
Ericsson wrote:
FY2019
profit before tax increased by 35% from ksh.3.1bn to ksh.4.18bn due to high gross premiums written,significant growth in the share of profit from investment in associate in Zep Re and gains on revaluation of investment property.
Asset base grew by 14% from ksh.44.36bn to 50.36bn
The board of directors recommend a dividend of ksh.0.1 per share

Link:https://www.nse.co.ke/listed-companies/company-announcements/issuer-announcements.html

10 cents, what a joke!
d'oh! Laughing out loudly d'oh! Laughing out loudly d'oh! Laughing out loudly d'oh! Laughing out loudly
The stated EPS is 2.55 but the there is a 2bn FV Gain on Revaluation.
Any info?

I believe the 2019 EPS is based on the new number of issued shares i.e. it would've been higher at around 10.20, just as dividend would've been 0.40....


So how is the damn thing trading at its EPS?

A basket case. Bandia firm. Unfortunate to have bought some

Better the bandia firm that makes a profit and pays a dividend than... Laughing out loudly

Luckily, KenyaRe is my only GoK-controlled firm and I am glad I got out of the rest. Applause
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Ericsson
#454 Posted : Sunday, April 19, 2020 11:29:23 AM
Rank: Elder


Joined: 12/4/2009
Posts: 8,393
Location: NAIROBI
Process of selecting the second Auditor general has started after the president Gazette members of the panel.
Seems Gok controlled firms ain't getting exemptions of early dividend payout
VituVingiSana
#455 Posted : Monday, April 20, 2020 7:12:22 AM
Rank: Chief


Joined: 1/3/2007
Posts: 16,974
Location: Nairobi
Ericsson wrote:
Process of selecting the second Auditor general has started after the president Gazette members of the panel.
Seems Gok controlled firms ain't getting exemptions of early dividend payout
Do you mean there will be no payment of a final dividend until the AG signs off and an AGM is held?

KenGen year end is in 71 days. 2019's dividend hasn't been announced.
Kenya Re's HY ends in 71 days. Measly dividend announced for FY19.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Ericsson
#456 Posted : Monday, April 20, 2020 8:27:23 AM
Rank: Elder


Joined: 12/4/2009
Posts: 8,393
Location: NAIROBI
VituVingiSana wrote:
Ericsson wrote:
Process of selecting the second Auditor general has started after the president Gazette members of the panel.
Seems Gok controlled firms ain't getting exemptions of early dividend payout
Do you mean there will be no payment of a final dividend until the AG signs off and an AGM is held?

KenGen year end is in 40 days. 2019's dividend hasn't been announced.
Kenya Re's HY ends in 40 days. Measly dividend announced for FY19.


40 days really?? d'oh!
Didn't know June 30 is 40 days away.
Angelica _ann
#457 Posted : Monday, April 20, 2020 8:51:35 AM
Rank: Elder


Joined: 12/7/2012
Posts: 11,462
Ericsson wrote:
VituVingiSana wrote:
Ericsson wrote:
Process of selecting the second Auditor general has started after the president Gazette members of the panel.
Seems Gok controlled firms ain't getting exemptions of early dividend payout
Do you mean there will be no payment of a final dividend until the AG signs off and an AGM is held?

KenGen year end is in 40 days. 2019's dividend hasn't been announced.
Kenya Re's HY ends in 40 days. Measly dividend announced for FY19.


40 days really?? d'oh!
Didn't know June 30 is 40 days away.


Blame it on Corona. 70 days to financial year end, plus 90 days to announce the results. There is still time//eon days to pay dividends (if there issmile ).
In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
heri
#458 Posted : Sunday, May 24, 2020 2:18:39 PM
Rank: Member


Joined: 9/14/2011
Posts: 742
Location: nairobi
i hope this is not among the assets in kenya Re's Bal sheet

https://www.nation.co.ke...twitter_impression=true

Kenya Re has made a counterclaim against Scenaries Limited, asking for a fresh transfer of the title for the parcel it bought, or else the firm should pay Kenya Re Sh6.5 billion and damages for breach of contract
sparkly
#459 Posted : Sunday, May 24, 2020 4:24:07 PM
Rank: Elder


Joined: 9/23/2009
Posts: 7,716
Location: Enk are Nyirobi
heri wrote:
i hope this is not among the assets in kenya Re's Bal sheet

https://www.nation.co.ke...twitter_impression=true

Kenya Re has made a counterclaim against Scenaries Limited, asking for a fresh transfer of the title for the parcel it bought, or else the firm should pay Kenya Re Sh6.5 billion and damages for breach of contract


I am lost in the story. What are the facts?:

1. Kenya re was sold fake 97 Acres of land for 550m by KANU mt. Kenya mafia i.e. all 550m lost; or
2. Kenya re bought 97 acres which included 5 Acre Karura land i.e. Kenya Re was only conned 5 acres but has genuine 92 acres?
Life is short. Live passionately.
obiero
#460 Posted : Sunday, May 24, 2020 4:51:59 PM
Rank: Elder


Joined: 6/23/2009
Posts: 12,684
Location: nairobi
VituVingiSana wrote:
obiero wrote:
Extraterrestrial wrote:
Superprime1 wrote:
VituVingiSana wrote:
sparkly wrote:
Ericsson wrote:
FY2019
profit before tax increased by 35% from ksh.3.1bn to ksh.4.18bn due to high gross premiums written,significant growth in the share of profit from investment in associate in Zep Re and gains on revaluation of investment property.
Asset base grew by 14% from ksh.44.36bn to 50.36bn
The board of directors recommend a dividend of ksh.0.1 per share

Link:https://www.nse.co.ke/listed-companies/company-announcements/issuer-announcements.html

10 cents, what a joke!
d'oh! Laughing out loudly d'oh! Laughing out loudly d'oh! Laughing out loudly d'oh! Laughing out loudly
The stated EPS is 2.55 but the there is a 2bn FV Gain on Revaluation.
Any info?

I believe the 2019 EPS is based on the new number of issued shares i.e. it would've been higher at around 10.20, just as dividend would've been 0.40....


So how is the damn thing trading at its EPS?

A basket case. Bandia firm. Unfortunate to have bought some

Better the bandia firm that makes a profit and pays a dividend than... Laughing out loudly

Luckily, KenyaRe is my only GoK-controlled firm and I am glad I got out of the rest. Applause

I'm jumping out of this ship, the risks have just escalated to levels unbearable
www.winda.co.ke
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