The listing price was set at a price of 6.15. However overzealous punters pushed the price to a day's high of 17 with a closing average price 14.80.

This is for a company with a trailing EPS of just 54 cents. Even though it has a relatively high NBV of 9.59, I think it is a mistake to buy at anything above it's book value until management prove they can be as profitable as their listed peers in the insurance sub-sector.

Of course they have a small free float, so it is possible for the main shareholders to keep it artifically high but on the current fundamentals, it simply does not make sense.

Hii share iko na wenyewe. Don't expect them to let the share price fall so that the likes of you can get in.

Assuming an annualized EPS of 1.08,therefore the current PE is 13.7 which is well above the average PE for the Insurance sector.

The results will be out this week...PE alone doesnt do it anymore...look at a momentum stock like SCAN.

I am afraid to disillusion you. The only guys who will make money on this counter are those who bought into CFC Stanbic Holdings before the demerger. Those ones buying at 15 will get burnt.

No Full Year results..for CFCIH...insurance have a deadline to report before 30/04.

@ Mwanahisa and Deal who is correct

Yours truly @mukiha will tell u 0.54 EPS was H1...what i saw in Nation was results for Heritage....cfc life...cfc bank..cfc financial services...cfc asset managers and cfc stanbic holdings not cfc insurance holdings.

As I type this, I am looking at the very last page of the Advertiser's Announcement of the said date. Page F.

Page A has the results of CFC Stanbic Bank;
Page B - Stanbic Investment Management Sevices; &
CFC Stanbic Financial Services;
Page C - CFC Stanbic Holdings;
Page D - CFC Life;
Page E - The Heritage Insurance Company; & finally
Page F - CFC Insurance Holdings.