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CIC Insurance 2019
Receptor
#41 Posted : Wednesday, December 18, 2019 7:51:02 AM
Rank: New-farer


Joined: 7/1/2019
Posts: 40
Ericsson wrote:
Ericsson wrote:
Profit warning pap






No respite at the NSE for another year. Can we say Jubilee government is responsible for the endless profit warnings by listed firms? What was the market like during the dark Nyayo error? Is it a co-incidence that during the reign of Uhuru Kenyatta companies have issued profit warnings back-to-back for 3 consecutive years?
Ericsson
#42 Posted : Friday, December 20, 2019 9:49:25 AM
Rank: Elder


Joined: 12/4/2009
Posts: 8,166
Location: NAIROBI
-25.6% share price appreciation YTD
jmbada
#43 Posted : Saturday, December 21, 2019 4:21:54 PM
Rank: Member


Joined: 1/1/2011
Posts: 393
Well. The Gov. would take credit if things were looking good. Hard to compare with Moi era coz reporting standards were non-existent and he and his cronies had shareholding in almost all key stocks. However, such consistent poor performance is very telling. That and the recent takeover of KNBS' independence by the Cabinet is very concerning: https://www.google.com/a...asAMP-d3o2ykz/index.html
Ericsson
#44 Posted : Thursday, December 26, 2019 2:56:58 PM
Rank: Elder


Joined: 12/4/2009
Posts: 8,166
Location: NAIROBI
jmbada wrote:
Well. The Gov. would take credit if things were looking good. Hard to compare with Moi era coz reporting standards were non-existent and he and his cronies had shareholding in almost all key stocks. However, such consistent poor performance is very telling. That and the recent takeover of KNBS' independence by the Cabinet is very concerning: https://www.google.com/a...sAMP-d3o2ykz/index.html


Things have to be made to look good no matter how bad they are
Ericsson
#45 Posted : Monday, December 30, 2019 7:13:22 PM
Rank: Elder


Joined: 12/4/2009
Posts: 8,166
Location: NAIROBI
Ebenyo
#46 Posted : Tuesday, December 31, 2019 8:28:25 AM
Rank: Veteran


Joined: 4/4/2016
Posts: 1,798
Location: Kitale
Ericsson wrote:
https://www.businessdailyafrica.com/markets/capital/CIC-units-drive-17-percent-growth-in-mutual-funds/4259442-5401928-xfoeojz/index.html




CIC doing good in asset management business.That should give them some stability.
Towards the goal of financial freedom
Ericsson
#47 Posted : Monday, February 10, 2020 12:09:09 PM
Rank: Elder


Joined: 12/4/2009
Posts: 8,166
Location: NAIROBI
Ebenyo wrote:
Ericsson wrote:
https://www.businessdailyafrica.com/markets/capital/CIC-units-drive-17-percent-growth-in-mutual-funds/4259442-5401928-xfoeojz/index.html




CIC doing good in asset management business.That should give them some stability.


CIC Group
@CICInsurance
Begin your journey to financial freedom by opening a CIC Money Market Fund. If you open and fund your account with Sh5000, we will top up Sh1000
1. SMS your name and location to 22471
2. Visit the CIC website and register directly of the CICAM portal
https://clients.cic.co.ke
Angelica _ann
#48 Posted : Monday, February 10, 2020 12:33:37 PM
Rank: Elder


Joined: 12/7/2012
Posts: 11,291
Ericsson wrote:
Ebenyo wrote:
Ericsson wrote:
https://www.businessdailyafrica.com/markets/capital/CIC-units-drive-17-percent-growth-in-mutual-funds/4259442-5401928-xfoeojz/index.html




CIC doing good in asset management business.That should give them some stability.


CIC Group
@CICInsurance
Begin your journey to financial freedom by opening a CIC Money Market Fund. If you open and fund your account with Sh5000, we will top up Sh1000
1. SMS your name and location to 22471
2. Visit the CIC website and register directly of the CICAM portal
https://clients.cic.co.ke


d'oh! d'oh! d'oh! Looks like things are getting murkier!!!!
In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
whiteowl
#49 Posted : Monday, February 10, 2020 1:18:53 PM
Rank: Veteran


Joined: 4/16/2014
Posts: 1,394
Location: Bohemian Grove
Ericsson wrote:
Ebenyo wrote:
Ericsson wrote:
https://www.businessdailyafrica.com/markets/capital/CIC-units-drive-17-percent-growth-in-mutual-funds/4259442-5401928-xfoeojz/index.html




CIC doing good in asset management business.That should give them some stability.


CIC Group
@CICInsurance
Begin your journey to financial freedom by opening a CIC Money Market Fund. If you open and fund your account with Sh5000, we will top up Sh1000
1. SMS your name and location to 22471
2. Visit the CIC website and register directly of the CICAM portal
https://clients.cic.co.ke


1000 is 20% of 5000. Can they sustain that?
Metch
#50 Posted : Monday, February 10, 2020 2:12:12 PM
Rank: Member


Joined: 12/22/2015
Posts: 189
Location: Mombasa, Kenya
whiteowl wrote:
Ericsson wrote:
Ebenyo wrote:
Ericsson wrote:
https://www.businessdailyafrica.com/markets/capital/CIC-units-drive-17-percent-growth-in-mutual-funds/4259442-5401928-xfoeojz/index.html




CIC doing good in asset management business.That should give them some stability.


CIC Group
@CICInsurance
Begin your journey to financial freedom by opening a CIC Money Market Fund. If you open and fund your account with Sh5000, we will top up Sh1000
1. SMS your name and location to 22471
2. Visit the CIC website and register directly of the CICAM portal
https://clients.cic.co.ke


1000 is 20% of 5000. Can they sustain that?


They are technically giving you nothing if the amount is not withdrawable.
Also the right question is what is their acquisition cost? Enticing u with 1000 could be cheaper
Start!
VituVingiSana
#51 Posted : Monday, February 10, 2020 2:15:32 PM
Rank: Chief


Joined: 1/3/2007
Posts: 16,883
Location: Nairobi
As @metch says, if there is a lock-in period then it's a cost of acquisition.
Cheaper than flashy ads.

Disclosure: I am not a shareholder of CIC.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
heri
#52 Posted : Friday, March 06, 2020 8:57:36 AM
Rank: Member


Joined: 9/14/2011
Posts: 712
Location: nairobi
I am down 34% on this stock with ABP of 3.77. Anyone know how the recruitment of CEO is going/went?



Ericsson
#53 Posted : Friday, March 06, 2020 11:21:26 AM
Rank: Elder


Joined: 12/4/2009
Posts: 8,166
Location: NAIROBI
heri wrote:
I am down 34% on this stock with ABP of 3.77. Anyone know how the recruitment of CEO is going/went?





FY results are about to be released.
Last year they released their FY on March 15
Ericsson
#54 Posted : Friday, March 20, 2020 12:38:32 PM
Rank: Elder


Joined: 12/4/2009
Posts: 8,166
Location: NAIROBI
tandich wrote:
Ericsson wrote:
Angelica _ann wrote:
Ericsson wrote:
heri wrote:
Metch wrote:
heri wrote:
Ericsson wrote:
Profit warning pap
Seriously? after i went all in at 3 bob to lower my ABP


U should have seen this coming after H1 results. I dumped mine immediately after H1 results at 3.35 taking a loss of 20k. Bought Coop at 11.80. took my 150k profits at 16.00. life continues,,,
Dump now,,, the race to 2bob is on



But for next year, won't there be some significant savings on the interest they were paying on the bond?


Company has zero debt.
Full disclosures to be known when they release full year results in 3.5 months time


Where did they get the money to fully settle the bond liability?

Did they ever sell any of the parcels of land they advertised?


Bond settlement was done through internal sources but full details will be known in release of FY19 results in March 2020
Parcels of land none has been sold.


I suspect a COOP bail out for this settlement; probably connected to CEO’s departure


The Group took borrowings to top up internal resources in settling the bond at maturity.
muganda
#55 Posted : Friday, March 20, 2020 9:54:02 PM
Rank: Elder


Joined: 9/15/2006
Posts: 3,868
Ericsson wrote:


The Group took borrowings to top up internal resources in settling the bond at maturity.


Wapi bonus @Ericsson? d'oh!
Ericsson
#56 Posted : Friday, March 20, 2020 10:38:54 PM
Rank: Elder


Joined: 12/4/2009
Posts: 8,166
Location: NAIROBI
muganda wrote:
Ericsson wrote:


The Group took borrowings to top up internal resources in settling the bond at maturity.


Wapi bonus @Ericsson? d'oh!


With the current share price doesn't make sense
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