Jubilee has more than the minimum and i have a feeling it will buy out some of the companies that fail to meet this

Also understand from their reply(boy these people are efficient), that the listed company is Jubilee Holdings limited, a parent of jubilee insurance company. Jubilee holdings has a paid up of 250M(or thereabouts) while jubilee insurance has a paid up of 700mn, which satisfies the requirement of 450mn adequately. Btw, they also say that the deadline was 15th July. So not sure why CIC is raising molar, coz it clearly ain't for statutory compliance

Hmmm....interesting. What's their pe? U know anyone selling?

YCSUN. google cic's website. It's got all the info u'd require and the some!

Look at this stock! Slowly but surely rising to it's correct value. Anyone else(apart from g267) following?

Extract from the annual report of CiC

OVERALL GROWTH
Growth in premium income for both classes of insurance business grew by 21% from kshs.2.37 billion in 2008 to kshs. 2.87 billion in 2009 with Net earned premium increasing by 24% from Kshs. 2.22 billion to kshs. 2.76 billion. Profit before tax increased by 26% from Kshs. 219 million to Kshs. 277 million. This increase in profitability is attributable to growth in business volume, better underwriting results in life business and an improvement in investment return. Total assets grew by 16% from kshs. 3 billion to kshs. 3.5 billion in the period under review, a further testimony of increase in the company’s financial strength.

Note: eps is 11

ps....i think it's jes me n u here...

Supply and demand evenly matched. I think this share is a darling of high networth investors, so no need to worry if you are already in.