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KQ versus Kenya Re
sparkly
#1 Posted : Monday, July 22, 2019 5:12:21 PM
Rank: Elder


Joined: 9/23/2009
Posts: 7,420
Location: Enk are Nyirobi
KQ 4.90; Kenya Re 3.90

KQ never made a profit for 7 yrs, negative equity, no dividends.

Kenya Re profitable, positive shareholder funds, regular dividend payments.

KQ trades a full one bob above Kenya Re. If this is not witchcraft, I dont know what it is.

To protest this situation, I will refrain from posting on investment section until Kenya Re trades above KQ.

I hope it will happen soon.
Life is short. Live passionately.
guru267
#2 Posted : Tuesday, July 23, 2019 11:17:31 AM
Rank: Elder


Joined: 1/21/2010
Posts: 6,673
Location: Nairobi
sparkly wrote:
KQ 4.90; Kenya Re 3.90

KQ never made a profit for 7 yrs, negative equity, no dividends.

Kenya Re profitable, positive shareholder funds, regular dividend payments.

KQ trades a full one bob above Kenya Re. If this is not witchcraft, I dont know what it is.

To protest this situation, I will refrain from posting on investment section until Kenya Re trades above KQ.

I hope it will happen soon.


Don't hold your breath Laughing out loudly but I do agree KQ shouldn't technically even be a going concern.
Mark 12:29
Deuteronomy 4:16
xxxxx
#3 Posted : Tuesday, July 23, 2019 2:24:22 PM
Rank: Member


Joined: 3/20/2008
Posts: 477
sparkly wrote:
KQ 4.90; Kenya Re 3.90

KQ never made a profit for 7 yrs, negative equity, no dividends.

Kenya Re profitable, positive shareholder funds, regular dividend payments.

KQ trades a full one bob above Kenya Re. If this is not witchcraft, I dont know what it is.

To protest this situation, I will refrain from posting on investment section until Kenya Re trades above KQ.

I hope it will happen soon.


This comparison is incomplete without the market valuation of both companiesLaughing out loudly Laughing out loudly
obiero
#4 Posted : Tuesday, July 23, 2019 10:51:43 PM
Rank: Elder


Joined: 6/23/2009
Posts: 12,409
Location: nairobi
guru267 wrote:
sparkly wrote:
KQ 4.90; Kenya Re 3.90

KQ never made a profit for 7 yrs, negative equity, no dividends.

Kenya Re profitable, positive shareholder funds, regular dividend payments.

KQ trades a full one bob above Kenya Re. If this is not witchcraft, I dont know what it is.

To protest this situation, I will refrain from posting on investment section until Kenya Re trades above KQ.

I hope it will happen soon.


Don't hold your breath Laughing out loudly but I do agree KQ shouldn't technically even be a going concern.

Fortune favors the bold
COOP 5,500 ABP12.6; HF 2,000 ABP 5.90; KCB 7,500 ABP 36; KNRE 100,000 ABP 2.90; KQ 392,100 ABP 8.32
VituVingiSana
#5 Posted : Wednesday, July 24, 2019 6:14:51 AM
Rank: Chief


Joined: 1/3/2007
Posts: 16,585
Location: Nairobi
obiero wrote:
guru267 wrote:
sparkly wrote:
KQ 4.90; Kenya Re 3.90

KQ never made a profit for 7 yrs, negative equity, no dividends.

Kenya Re profitable, positive shareholder funds, regular dividend payments.

KQ trades a full one bob above Kenya Re. If this is not witchcraft, I dont know what it is.

To protest this situation, I will refrain from posting on investment section until Kenya Re trades above KQ.

I hope it will happen soon.


Don't hold your breath Laughing out loudly but I do agree KQ shouldn't technically even be a going concern.

Fortune favors the bold
Kama wanahisa wa ARM? d'oh! d'oh! d'oh!
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Ericsson
#6 Posted : Wednesday, July 24, 2019 12:57:38 PM
Rank: Elder


Joined: 12/4/2009
Posts: 7,737
Location: NAIROBI
Kq down 43 cents after sparkly spoke
Horton
#7 Posted : Wednesday, July 24, 2019 1:51:54 PM
Rank: Veteran


Joined: 8/30/2007
Posts: 1,486
Location: Nairobi
Ericsson wrote:
Kq down 43 cents after sparkly spoke


I doubt Wazua influences the market like we think
sparkly
#8 Posted : Wednesday, July 24, 2019 1:59:46 PM
Rank: Elder


Joined: 9/23/2009
Posts: 7,420
Location: Enk are Nyirobi
Horton wrote:
Ericsson wrote:
Kq down 43 cents after sparkly spoke


I doubt Wazua influences the market like we think


We don't influence, we forecast.

My forecast is that KQ will test Sh 2.5 before year end.
Life is short. Live passionately.
VituVingiSana
#9 Posted : Wednesday, July 24, 2019 3:19:16 PM
Rank: Chief


Joined: 1/3/2007
Posts: 16,585
Location: Nairobi
Ericsson wrote:
Kq down 43 cents after sparkly spoke
Applause Applause Applause I hope it keeps on dropping down to 3 and below.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
obiero
#10 Posted : Wednesday, July 24, 2019 5:48:25 PM
Rank: Elder


Joined: 6/23/2009
Posts: 12,409
Location: nairobi
VituVingiSana wrote:
Ericsson wrote:
Kq down 43 cents after sparkly spoke
Applause Applause Applause I hope it keeps on dropping down to 3 and below.

A bad omen
COOP 5,500 ABP12.6; HF 2,000 ABP 5.90; KCB 7,500 ABP 36; KNRE 100,000 ABP 2.90; KQ 392,100 ABP 8.32
VituVingiSana
#11 Posted : Thursday, July 25, 2019 4:30:59 AM
Rank: Chief


Joined: 1/3/2007
Posts: 16,585
Location: Nairobi
obiero wrote:
VituVingiSana wrote:
Ericsson wrote:
Kq down 43 cents after sparkly spoke
Applause Applause Applause I hope it keeps on dropping down to 3 and below.

A bad omen
My bad. I meant I hope KenRe keeps dropping down to 3/- or less after the bonus is credited. 3:1 bonus so there will be a huge overhang of shares.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
chiaroscuro
#12 Posted : Thursday, July 25, 2019 8:25:08 AM
Rank: Veteran


Joined: 2/2/2012
Posts: 1,110
Location: Nairobi
sparkly wrote:
KQ 4.90; Kenya Re 3.90

KQ never made a profit for 7 yrs, negative equity, no dividends.

Kenya Re profitable, positive shareholder funds, regular dividend payments.

KQ trades a full one bob above Kenya Re. If this is not witchcraft, I dont know what it is.

To protest this situation, I will refrain from posting on investment section until Kenya Re trades above KQ.

I hope it will happen soon.


In note 2(e) of the audited financial report of KQ - 31/12/2018 - the auditors warn as follows:

"This indicates the existence of a material uncertainty which may cast significant doubt on the Group and Company's ability to continue as a going concern and therefore, may be unable to realize its assets and discharge its liabilities in the normal course of business."

The problem is that people don't read these things!
sparkly
#13 Posted : Thursday, July 25, 2019 1:24:00 PM
Rank: Elder


Joined: 9/23/2009
Posts: 7,420
Location: Enk are Nyirobi
chiaroscuro wrote:
sparkly wrote:
KQ 4.90; Kenya Re 3.90

KQ never made a profit for 7 yrs, negative equity, no dividends.

Kenya Re profitable, positive shareholder funds, regular dividend payments.

KQ trades a full one bob above Kenya Re. If this is not witchcraft, I dont know what it is.

To protest this situation, I will refrain from posting on investment section until Kenya Re trades above KQ.

I hope it will happen soon.


In note 2(e) of the audited financial report of KQ - 31/12/2018 - the auditors warn as follows:

"This indicates the existence of a material uncertainty which may cast significant doubt on the Group and Company's ability to continue as a going concern and therefore, may be unable to realize its assets and discharge its liabilities in the normal course of business."

The problem is that people don't read these things!


People read parliamentary committee reports.
Life is short. Live passionately.
the deal
#14 Posted : Thursday, July 25, 2019 4:05:11 PM
Rank: Elder


Joined: 9/25/2009
Posts: 4,509
Location: Windhoek/Nairobbery
The stock (KQ) will bounce back...it was hit by profit taking at around 5 bob...buy the rumour...sell the news...
VituVingiSana
#15 Posted : Thursday, July 25, 2019 4:27:11 PM
Rank: Chief


Joined: 1/3/2007
Posts: 16,585
Location: Nairobi
the deal wrote:
The stock (KQ) will bounce back...it was hit by profit taking at around 5 bob...buy the rumour...sell the news...
Pump and Dump tactics aren't usually effective on old-timers in Wazua.
If you are 100% sure KQ will hit 5/- then why are you shouting about it? Quietly buy out anyone selling it at less than 5/- and laugh at us afterwards.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
obiero
#16 Posted : Thursday, July 25, 2019 5:49:17 PM
Rank: Elder


Joined: 6/23/2009
Posts: 12,409
Location: nairobi
VituVingiSana wrote:
the deal wrote:
The stock (KQ) will bounce back...it was hit by profit taking at around 5 bob...buy the rumour...sell the news...
Pump and Dump tactics aren't usually effective on old-timers in Wazua.
If you are 100% sure KQ will hit 5/- then why are you shouting about it? Quietly buy out anyone selling it at less than 5/- and laugh at us afterwards.

ARM is a good example. Some chief almost made me buy it, but my spirit was awake
COOP 5,500 ABP12.6; HF 2,000 ABP 5.90; KCB 7,500 ABP 36; KNRE 100,000 ABP 2.90; KQ 392,100 ABP 8.32
mwekez@ji
#17 Posted : Thursday, July 25, 2019 6:08:59 PM
Rank: Chief


Joined: 5/31/2011
Posts: 5,100
the deal wrote:
The stock (KQ) will bounce back...it was hit by profit taking at around 5 bob...buy the rumour...sell the news...

Has KQ really traded meaningful volume in a long time? Every time I check I find it trading peanuts
obiero
#18 Posted : Thursday, July 25, 2019 6:49:13 PM
Rank: Elder


Joined: 6/23/2009
Posts: 12,409
Location: nairobi
mwekez@ji wrote:
the deal wrote:
The stock (KQ) will bounce back...it was hit by profit taking at around 5 bob...buy the rumour...sell the news...

Has KQ really traded meaningful volume in a long time? Every time I check I find it trading peanuts

Next to ‘zero’ volume since November 2017, when it came back from the restructuring suspension. A court case will have to arise if Pkosing buyout suggestions are to be taken literally
COOP 5,500 ABP12.6; HF 2,000 ABP 5.90; KCB 7,500 ABP 36; KNRE 100,000 ABP 2.90; KQ 392,100 ABP 8.32
VituVingiSana
#19 Posted : Thursday, July 25, 2019 7:18:49 PM
Rank: Chief


Joined: 1/3/2007
Posts: 16,585
Location: Nairobi
obiero wrote:
mwekez@ji wrote:
the deal wrote:
The stock (KQ) will bounce back...it was hit by profit taking at around 5 bob...buy the rumour...sell the news...

Has KQ really traded meaningful volume in a long time? Every time I check I find it trading peanuts

Next to ‘zero’ volume since November 2017, when it came back from the restructuring suspension. A court case will have to arise if Pkosing buyout suggestions are to be taken literally

Best option for the taxpayer is to let "Old KQ" die a natural death.
Let a "New KQ" take over the good assets (& associated liabilities) and staff it needs/wants.
Let the creditors get what they can from "Old KQ" like we see at ARM.
Pay off KQLC to the extent of the guarantees. No more.
Let the Taxpayer breath.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
VituVingiSana
#20 Posted : Thursday, July 25, 2019 7:20:49 PM
Rank: Chief


Joined: 1/3/2007
Posts: 16,585
Location: Nairobi
obiero wrote:
VituVingiSana wrote:
the deal wrote:
The stock (KQ) will bounce back...it was hit by profit taking at around 5 bob...buy the rumour...sell the news...
Pump and Dump tactics aren't usually effective on old-timers in Wazua.
If you are 100% sure KQ will hit 5/- then why are you shouting about it? Quietly buy out anyone selling it at less than 5/- and laugh at us afterwards.

ARM is a good example. Some chief almost made me buy it, but my spirit was awake
Applause Applause Applause Too bad your spirit was also sleeping when someone was telling you to buy KK Laughing out loudly
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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