Rank: Veteran Joined: 8/11/2010 Posts: 1,011 Location: nairobi
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@pkoli job well done, did you include the 6m shares not yet allocated i.e the 22% from rights.
The price fellows bid at suntra is 50-55. Usini sahau bro.
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Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
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Where is the Suntra office in town? Please tell. PKoli, CIC has been managing to significantly increase their EPS consistently even with increasing number of issued shares? Impressive. They also have a lovely building at Upper Hill  GOD BLESS YOUR LIFE
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Rank: Elder Joined: 2/10/2007 Posts: 1,587
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youcan'tstopusnow wrote:Where is the Suntra office in town? Please tell. PKoli, CIC has been managing to significantly increase their EPS consistently even with increasing number of issued shares? Impressive. They also have a lovely building at Upper Hill They are located on Nation Building
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Rank: Elder Joined: 2/10/2007 Posts: 1,587
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bartum wrote:@pkoli job well done, did you include the 6m shares not yet allocated i.e the 22% from rights.
The price fellows bid at suntra is 50-55. Usini sahau bro. This was based on the shares as per December 2010. The additional rights brought the number of shares to 60M and this will be captured in next years annual account; assuming there will be no bonus/splits. I think the scenario will change after the AGM. @Bartum, I will talk to Suntra and then revert.
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Rank: Veteran Joined: 11/2/2006 Posts: 1,206 Location: Nairobi
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I got some extra shares transferred to me last week.If and when the split is approved after May 14th AGM,will these new shares be included in MY math?Or is it as at end of Dec 2010? Tried calling CIC but the gentleman who deals with shares always seems to be out of office. Formally employed people often live their employers' dream & forget about their own.
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Rank: Elder Joined: 2/10/2007 Posts: 1,587
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bartum wrote:@pkoli job well done, did you include the 6m shares not yet allocated i.e the 22% from rights.
The price fellows bid at suntra is 50-55. Usini sahau bro. @Bartum, I will give you 500 at KES 65 a piece. That is the lowest sellers are willing to give. I am told there are some sellers at KES 100 per share
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Rank: Veteran Joined: 8/11/2010 Posts: 1,011 Location: nairobi
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@pkoli hola to me at kandiefranc at hotmail dot com we discuss more
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Rank: Member Joined: 12/8/2009 Posts: 274 Location: Ltktk
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PKoli wrote:bartum wrote:@pkoli job well done, did you include the 6m shares not yet allocated i.e the 22% from rights.
The price fellows bid at suntra is 50-55. Usini sahau bro. @Bartum, I will give you 500 at KES 65 a piece. That is the lowest sellers are willing to give. I am told there are some sellers at KES 100 per share @koli this share is promising and at the same time tempting to sell.@100 its so tempting i can consider selling my little allocation. ...things fall apart...the centre cannot hold..mere anarchy is loosed upon the world...w b yeats
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Rank: Elder Joined: 2/10/2007 Posts: 1,587
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bartum wrote:@pkoli hola to me at kandiefranc at hotmail dot com we discuss more I will check for my share certs and email you.
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Rank: Member Joined: 4/14/2011 Posts: 639
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Hunderwear wrote:
[quote=Layman]...Standard newspaper of 15th April page 37 ....Notice of AGM (14/05/2011) and Dividends to all shareholders @ kshs 3.14 per share .... ofcourse subject to approval at AGM[/quote
Is this dividend also applying to the rights issue shares ama ni zile za wazee tu?This cd be good really gud if yes.Nani amechoka na hii mzigo nmsaidieLaughing out loudly Laughing out loudly Laughing out loudly
>>ALL means just that. Same was in IM during rts issue. Hamna ambaye amewahi choka na pesa.
NO DIVIDENDS FOR THE RIGHTS ISSUE SHARES GUYS!!!!!!!!!!!!!!!THIS IS TOTALLY UNACCEPTABLE
The directors recommend the payment of a first and final dividend of Sh 95,913,574 (2009: Sh 34,238,000) which amounts to Sh 3.14 (2009: Sh 1.60) per share
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Rank: Member Joined: 12/8/2009 Posts: 274 Location: Ltktk
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Hunderwear wrote:Hunderwear wrote:
[quote=Layman]...Standard newspaper of 15th April page 37 ....Notice of AGM (14/05/2011) and Dividends to all shareholders @ kshs 3.14 per share .... ofcourse subject to approval at AGM[/quote
Is this dividend also applying to the rights issue shares ama ni zile za wazee tu?This cd be good really gud if yes.Nani amechoka na hii mzigo nmsaidieLaughing out loudly Laughing out loudly Laughing out loudly
>>ALL means just that. Same was in IM during rts issue. Hamna ambaye amewahi choka na pesa.
NO DIVIDENDS FOR THE RIGHTS ISSUE SHARES GUYS!!!!!!!!!!!!!!!THIS IS TOTALLY UNACCEPTABLE
The directors recommend the payment of a first and final dividend of Sh 95,913,574 (2009: Sh 34,238,000) which amounts to Sh 3.14 (2009: Sh 1.60) per share as for the rights issue and the private placement,including myself there is no dividends for us in as far as the year 2010 is concerned. we will earn dividends,if any, in 2012.am so disapointed. ...things fall apart...the centre cannot hold..mere anarchy is loosed upon the world...w b yeats
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Rank: Member Joined: 4/14/2011 Posts: 639
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This is against their promise in the I.M for the rights issue.Why on earth didnt they honour it or even explain it in the report.I see a deliberate plan to edge out the new shareholderrs in sharing of the dividends for last year.No wonder they put the word 'All shareholders' in their advert so we dont notice!!!!!!!!!!!
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Rank: Member Joined: 9/25/2007 Posts: 96
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Anyone willing to sell at Kshs 60-65 per share. I have a buyer for 50,000 shares. Email Globe_v1@yahoo.com.
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Rank: Elder Joined: 2/10/2007 Posts: 1,587
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Evolve wrote:Anyone willing to sell at Kshs 60-65 per share. I have a buyer for 50,000 shares. Email Globe_v1@yahoo.com. @Evolve. There are already buyers for 85-90 and absolutely no sellers, so I am not sure you will get anyone willing to sell to you at those prices
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Rank: Elder Joined: 2/10/2007 Posts: 1,587
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Hunderwear wrote:This is against their promise in the I.M for the rights issue.Why on earth didnt they honour it or even explain it in the report.I see a deliberate plan to edge out the new shareholderrs in sharing of the dividends for last year.No wonder they put the word 'All shareholders' in their advert so we dont notice!!!!!!!!!!! I did not read their IM but having been a shareholder since 2007, they only used to pay shareholders who were on the register as on 31st of previous year. The rights issue has not been concluded. The AGM needs to ratify additional share issue.
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Rank: Member Joined: 12/8/2009 Posts: 274 Location: Ltktk
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PKoli wrote:Evolve wrote:Anyone willing to sell at Kshs 60-65 per share. I have a buyer for 50,000 shares. Email Globe_v1@yahoo.com. @Evolve. There are already buyers for 85-90 and absolutely no sellers, so I am not sure you will get anyone willing to sell to you at those prices @koli ati 85-90? this is absolutely marvellous.too tempting. but patience pays. i believe the best value will be at the time of listing coz cic figures for this financial year will be very good. what do you think of the upcoming britak ipo?are you takin part? ...things fall apart...the centre cannot hold..mere anarchy is loosed upon the world...w b yeats
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Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery
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Did a quick scan on CIC...their combined ratio in 2010 which is their best year to date is 86% which is very high...oops i dont thinnk CIC deserves all this hype.
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Rank: Elder Joined: 9/29/2006 Posts: 2,570
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I needed some more shares to add to my 2,500 (including 22% I'm waiting to be allocated) but at 100/= per share I rest my case. The opposite of courage is not cowardice, it's conformity.
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Rank: Member Joined: 4/14/2011 Posts: 639
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100 bob a share??!!!!!!!!!!!I sincerely feel i should sell off my 1500 rights allocation now that they dont qualify for dividends but still have alot of resistance to overcome
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Rank: Veteran Joined: 11/2/2006 Posts: 1,206 Location: Nairobi
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when the share split is approved on 14th may,when will the shares actually be split?According to the register as at?I want to decide if i should buy more. Formally employed people often live their employers' dream & forget about their own.
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