90m shares less 5m to be allocated then split by 20 equals 1.7b shares.@pkoli whats the probable no shares to be listed , likely bonus issue ratio nd the best ipo price taking into consideration how many jubilee nd panafrica insurance shares are listed.

>>>Listing should be in two years time (ie in 2013) to allow me! accumulate via OTC.

@HUnderwear, I'll be in the AGM, since it'll be on a Sato. Let's build consensus by 14th but it depends on majority shareholders I think.

@Kalameni,

5M shares is part of the 60m issued shares. I think the key is what is the free float. Given CIC is keen on maintaining the cooperative movement ownership structure, it is likely a small portion of the shares will easily trade due to the restrictions likely to be impossed to Saccos. so we are likely to so see 40% (or less) of the shares being available for trading.

@jerry and others,

I agree with you on the timing for listing. I think CIC is likely to continue posting stellar growth in the coming years;

1. Increased business due association with Coop bank.
2. Growth of their Asset Management business
3. Cash from the rights issue

So we should have shareholder value realization at the time of listing. I feel management want to start the process early due to long process from CMA, NSE, IRA etc. Look at the demerger story of CFC.

Truth be told I would not sell mine at above 35 if i were to sell so if am buying not abve 35!The 70 you heard was a make up ya broker.I remember a guy who started at 60 and finally sold me at 32.Dont be an agent of inflation.Furthermore this is an unquoted illiquid stock

i also feel 70 is too much. am willing to buy at anything less than 45.

Price - 50
Listing next year.
www.businessdailyafrica....8/-/10en14u/-/index.html

...me, I like what I am hearing!

Why is it that some few days to the AGM this company has not bothered to publish their december 2010 financial statements. For a company that is about to list in the NSE shouldnt they be behaving as if they are listed to create confidence.
The website still has 2009 accounts as the latest!

What a bloody shame for a company that is really rocking when it comes to actual performance in its business.