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CFC Stanbic....Sell, Hold or Buy?????
trizher
#1 Posted : Tuesday, March 15, 2011 2:19:37 PM
Rank: New-farer


Joined: 5/23/2010
Posts: 95
Location: Tikrit - IRAQ
Ladies and Gents....Say something about this stock.
Buy, Sell or Hold...
Kindly Urgentize the matter!!!
...We do it for the $$$$!!
mlennyma
#2 Posted : Tuesday, March 15, 2011 2:47:24 PM
Rank: Elder


Joined: 7/21/2010
Posts: 6,191
Location: nairobi
@triz no body likes answering this question,i dont know why..let wait...am too wondering what would be the price of the bank and insurance.
"Don't let the fear of losing be greater than the excitement of winning."
trizher
#3 Posted : Tuesday, March 15, 2011 2:59:38 PM
Rank: New-farer


Joined: 5/23/2010
Posts: 95
Location: Tikrit - IRAQ
@mlennyma..true that....seems we will have to trust our instincts....
...We do it for the $$$$!!
hello
#4 Posted : Tuesday, March 15, 2011 3:14:10 PM
Rank: Member


Joined: 6/11/2008
Posts: 257
trizher wrote:
@mlennyma..true that....seems we will have to trust our instincts....



I just talked to CFC guys yesterday. And they have got no Idea when they are splitting bank and insurance shares.
I want to be a millionaire.
trizher
#5 Posted : Tuesday, March 15, 2011 4:59:03 PM
Rank: New-farer


Joined: 5/23/2010
Posts: 95
Location: Tikrit - IRAQ
hello wrote:
trizher wrote:
@mlennyma..true that....seems we will have to trust our instincts....



I just talked to CFC guys yesterday. And they have got no Idea when they are splitting bank and insurance shares.

Sorry Sir/Madam...see yesterdays paper...ama ilionyesha ya online pekee?...i dont have a chance to read the physical paper...
...We do it for the $$$$!!
Aguytrying
#6 Posted : Tuesday, March 15, 2011 8:31:15 PM
Rank: Elder


Joined: 7/11/2010
Posts: 5,040
Manze tuongee. If this is easy money like rights issue we need to get this info out there. My uninformed guess would be that the cfsh share should reduce to around the price of the current cfc minus the price of the new cfcih share. Its kinda like bonus share, big kinda. To note is that, they will release the results of the insurance and bank separately, meaning which ever was pulling the other back should lose value and the other should gain. The cfc rally that occurred last yr from 40-94. Was spurred by the demerger news, so im not sure if its factored in.
The investor's chief problem - and even his worst enemy - is likely to be himself
the deal
#7 Posted : Tuesday, March 15, 2011 8:41:03 PM
Rank: Elder


Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
CFC Insurance Holdings will debut on 21-04-2011 at around Ksh6 thats at a Pe of around 10-12, H1 2010 insurance premiums were up 32%, Bank making a killing from bond trading FY results likely to be above 50% however alot has been factored into the Bank price therefore i expect no movement on release date just like what we have seen from other banks, investors are more willing to wait for 1Q 2011 to make their decisions.

Verdict: CFC Insurance Buy if FY 2010 is double digit
Bank-HOLD Wait for 1Q 2011.
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