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Kenya Re FY 2018
Superprime1
#1 Posted : Tuesday, March 19, 2019 9:29:43 AM
Rank: Member


Joined: 5/2/2018
Posts: 182
The re-insurer has issued a profit warning. Things not cool.d'oh! d'oh!
wukan
#2 Posted : Tuesday, March 19, 2019 10:56:00 AM
Rank: Veteran


Joined: 11/13/2015
Posts: 1,054
Huh! You are still invested in gava firms.
jmbada
#3 Posted : Tuesday, March 19, 2019 11:12:46 AM
Rank: Member


Joined: 1/1/2011
Posts: 365
Superprime1 wrote:
The re-insurer has issued a profit warning. Things not cool.d'oh! d'oh!

I think they should have 2 levels of profit warnings. One for below 25% of prior year profits. and another for swinging to loss making.
In this case, looks like they still have room to make profits, but the warning covers everything including a swing to losses.
Pesa Nane
#4 Posted : Tuesday, March 19, 2019 2:31:31 PM
Rank: Elder


Joined: 5/25/2012
Posts: 4,031
Location: 08c
Pesa Nane plans to be shilingi when he grows up.
the deal
#5 Posted : Tuesday, March 19, 2019 2:39:55 PM
Rank: Elder


Joined: 9/25/2009
Posts: 4,440
Location: Windhoek/Nairobbery
Pesa Nane wrote:


Impairment of an asset held for sale? I hope these impairments are not at the level of Sanlam Kenya....
Superprime1
#6 Posted : Tuesday, March 19, 2019 2:44:47 PM
Rank: Member


Joined: 5/2/2018
Posts: 182
the deal wrote:
Pesa Nane wrote:


Impairment of an asset held for sale? I hope these impairments are not at the level of Sanlam Kenya....

Hope so too. In the meantime, serious supply at 12.50!
Ericsson
#7 Posted : Tuesday, March 19, 2019 5:38:17 PM
Rank: Elder


Joined: 12/4/2009
Posts: 6,380
Location: NAIROBI
the deal wrote:
Pesa Nane wrote:


Impairment of an asset held for sale? I hope these impairments are not at the level of Sanlam Kenya....


High claims reserves is due to coming in of IFRS9
Impairment of an asset held for sale is a parcel of land
Angelica _ann
#8 Posted : Tuesday, March 19, 2019 6:16:44 PM
Rank: Elder


Joined: 12/7/2012
Posts: 10,257
Ericsson wrote:
the deal wrote:
Pesa Nane wrote:


Impairment of an asset held for sale? I hope these impairments are not at the level of Sanlam Kenya....


High claims reserves is due to coming in of IFRS9
Impairment of an asset held for sale is a parcel of land


How does land get impaired?
In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
VituVingiSana
#9 Posted : Tuesday, March 19, 2019 6:52:12 PM
Rank: Chief


Joined: 1/3/2007
Posts: 15,436
Location: Nairobi
Angelica _ann wrote:
Ericsson wrote:
the deal wrote:
Pesa Nane wrote:


Impairment of an asset held for sale? I hope these impairments are not at the level of Sanlam Kenya....


High claims reserves is due to coming in of IFRS9
Impairment of an asset held for sale is a parcel of land


How does land get impaired?
Shida na Title Deed? Not the first time for KenRe. They once owned land in the middle of a forest/park!
GoK-controlled firms ni noma.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Ericsson
#10 Posted : Wednesday, March 20, 2019 12:06:47 AM
Rank: Elder


Joined: 12/4/2009
Posts: 6,380
Location: NAIROBI
Pesa Nane wrote:


Unexpected income reduction from an associate--This is Zep Re

Forex losses due to currency devaluations in some of our markets--Sudan
Angelica _ann
#11 Posted : Wednesday, March 20, 2019 6:48:51 AM
Rank: Elder


Joined: 12/7/2012
Posts: 10,257
VituVingiSana wrote:
Angelica _ann wrote:
Ericsson wrote:
the deal wrote:
Pesa Nane wrote:


Impairment of an asset held for sale? I hope these impairments are not at the level of Sanlam Kenya....


High claims reserves is due to coming in of IFRS9
Impairment of an asset held for sale is a parcel of land


How does land get impaired?
Shida na Title Deed? Not the first time for KenRe. They once owned land in the middle of a forest/park!
GoK-controlled firms ni noma.


Oooh Asante!!!
In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
obiero
#12 Posted : Wednesday, March 20, 2019 4:51:32 PM
Rank: Elder


Joined: 6/23/2009
Posts: 11,185
Location: nairobi
Angelica _ann wrote:
VituVingiSana wrote:
Angelica _ann wrote:
Ericsson wrote:
the deal wrote:
Pesa Nane wrote:


Impairment of an asset held for sale? I hope these impairments are not at the level of Sanlam Kenya....


High claims reserves is due to coming in of IFRS9
Impairment of an asset held for sale is a parcel of land


How does land get impaired?
Shida na Title Deed? Not the first time for KenRe. They once owned land in the middle of a forest/park!
GoK-controlled firms ni noma.


Oooh Asante!!!

@vvs third firm to go bust.. and he has the indeflatable energy to chastize KQ
COOP 5,500; KCB 3,700; KQ 96,100
VituVingiSana
#13 Posted : Wednesday, March 20, 2019 9:54:01 PM
Rank: Chief


Joined: 1/3/2007
Posts: 15,436
Location: Nairobi
obiero wrote:
Angelica _ann wrote:
VituVingiSana wrote:
Angelica _ann wrote:
Ericsson wrote:
the deal wrote:
Pesa Nane wrote:


Impairment of an asset held for sale? I hope these impairments are not at the level of Sanlam Kenya....


High claims reserves is due to coming in of IFRS9
Impairment of an asset held for sale is a parcel of land


How does land get impaired?
Shida na Title Deed? Not the first time for KenRe. They once owned land in the middle of a forest/park!
GoK-controlled firms ni noma.


Oooh Asante!!!

@vvs third firm to go bust.. and he has the indeflatable energy to chastize KQ

Laughing out loudly Laughing out loudly Laughing out loudly
Which are the other 2 firms to go bust except ARM?
Please define "bust" smile
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
murchr
#14 Posted : Wednesday, March 20, 2019 10:17:48 PM
Rank: Elder


Joined: 2/26/2012
Posts: 14,279
Did they get rid of that Arap mashamba proxy?
"There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
.
Superprime1
#15 Posted : Wednesday, March 20, 2019 10:28:31 PM
Rank: Member


Joined: 5/2/2018
Posts: 182
murchr wrote:
Did they get rid of that Arap mashamba proxy?

Nope. One can kinda read his machinations in the FY 2018 performance primed to rid of Mwarania proper and square...
murchr
#16 Posted : Wednesday, March 20, 2019 10:29:50 PM
Rank: Elder


Joined: 2/26/2012
Posts: 14,279
Superprime1 wrote:
murchr wrote:
Did they get rid of that Arap mashamba proxy?

Nope. One can kinda read his machinations in the FY 2018 performance primed to rid of Mwarania proper and square...



Mmh! When is Mwirania's contract ending?
"There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
.
the deal
#17 Posted : Thursday, March 21, 2019 11:53:06 PM
Rank: Elder


Joined: 9/25/2009
Posts: 4,440
Location: Windhoek/Nairobbery
Pray for @vvs...his windfall from KK is getting wiped out here...stock market will humble you Laughing out loudly Laughing out loudly Laughing out loudly
VituVingiSana
#18 Posted : Friday, March 22, 2019 12:10:11 AM
Rank: Chief


Joined: 1/3/2007
Posts: 15,436
Location: Nairobi
the deal wrote:
Pray for @vvs...his windfall from KK is getting wiped out here...stock market will humble you Laughing out loudly Laughing out loudly Laughing out loudly


1) I still need to provide you with the info so you can send the money for the bet I handily won.
2) No prayers needed. I have CASH in the bank post KK Applause Applause Applause looking for a place park it. Centum? NIC? Equity?
3) KenRe is the only core holding that's GOK-controlled d'oh! . I am open about it. smile

Let's see the damage on 29th March. If it is not as bad as feared and the prospects are good for the long-term, then I am in for more.

I will hold on. Let's see what happens down the line.
Will this be a KPLC/KenGen? Or a KK?

If it becomes a KPLC... you can gloat. d'oh! Sad
If it becomes another KK [whenever that happens] then... Laughing out loudly

And what is "Grand Master of the Order of the Most Ancient Welwitschia Mirabilis"??? d'oh! d'oh! d'oh!
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
obiero
#19 Posted : Friday, March 22, 2019 7:21:33 AM
Rank: Elder


Joined: 6/23/2009
Posts: 11,185
Location: nairobi
VituVingiSana wrote:
the deal wrote:
Pray for @vvs...his windfall from KK is getting wiped out here...stock market will humble you Laughing out loudly Laughing out loudly Laughing out loudly


1) I still need to provide you with the info so you can send the money for the bet I handily won.
2) No prayers needed. I have CASH in the bank post KK Applause Applause Applause looking for a place park it. Centum? NIC? Equity?
3) KenRe is the only core holding that's GOK-controlled d'oh! . I am open about it. smile

Let's see the damage on 29th March. If it is not as bad as feared and the prospects are good for the long-term, then I am in for more.

I will hold on. Let's see what happens down the line.
Will this be a KPLC/KenGen? Or a KK?

If it becomes a KPLC... you can gloat. d'oh! Sad
If it becomes another KK [whenever that happens] then... Laughing out loudly

It will become a KQ with an Open Offer to boot 😁
COOP 5,500; KCB 3,700; KQ 96,100
VituVingiSana
#20 Posted : Friday, March 22, 2019 10:01:43 AM
Rank: Chief


Joined: 1/3/2007
Posts: 15,436
Location: Nairobi
obiero wrote:
VituVingiSana wrote:
the deal wrote:
Pray for @vvs...his windfall from KK is getting wiped out here...stock market will humble you Laughing out loudly Laughing out loudly Laughing out loudly


1) I still need to provide you with the info so you can send the money for the bet I handily won.
2) No prayers needed. I have CASH in the bank post KK Applause Applause Applause looking for a place park it. Centum? NIC? Equity?
3) KenRe is the only core holding that's GOK-controlled d'oh! . I am open about it. smile

Let's see the damage on 29th March. If it is not as bad as feared and the prospects are good for the long-term, then I am in for more.

I will hold on. Let's see what happens down the line.
Will this be a KPLC/KenGen? Or a KK?

If it becomes a KPLC... you can gloat. d'oh! Sad
If it becomes another KK [whenever that happens] then... Laughing out loudly

It will become a KQ with an Open Offer to boot 😁
When I was offered 3:1 Rights in KQ, I knew it was time to bail. Uwizi tu. Especially when Naikuni and Mbugua chose not to buy (meaningful) shares in KQ.
If I am offered an "Open Offer" in KenRe, I will exit and lick my chops.

Meanwhile, wacha nitafute the next KK Applause Applause Applause
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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