Rank: Member Joined: 11/6/2010 Posts: 289
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i understand the MD is visiting USA any info
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Rank: Veteran Joined: 11/2/2006 Posts: 1,206 Location: Nairobi
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gesowan wrote:i understand the MD is visiting USA any info
?? Formally employed people often live their employers' dream & forget about their own.
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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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Rank: Hello Joined: 5/10/2011 Posts: 2
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Cic at 90! Expect the price to jump to 300 before listing next year.
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Rank: Member Joined: 1/29/2009 Posts: 85
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I like how Wazuans get excited sometimes, and they invest without thinking twice.
Those who have done alot of economics know abt demand for substitute products. Why buy at 90/- when you can invest in other alternative stocks with low pricing & shorther guranteed returns. Behold why should I buy at 90/= to wait for two years (dead stock). That is why I recently disposed all my CIC shares and ventured into other alternatives. I have since turned my capital three times since Jan. Before they list, my investment will be much higher than whatever price they will quote (even 5 times more).
But since it seems some wazuans investments is restricted, just let me know those who want to buy the shares at the 300/=, I will get you as many as you want.
If you want to test this, just give brokers 10,000 shares to sell for you at even 50/=. You may be surprised that you wont get buyers. Sometimes people talk, without action. For me, no CIC engagement, until later 2012 if I will have no other opportunities
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Rank: Member Joined: 4/17/2009 Posts: 194
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At 90, the old adage of buyer beware applies. Why should it be at 90? ndung'u wa waweru wrote:Cic at 90! Expect the price to jump to 300 before listing next year.
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Rank: Veteran Joined: 11/2/2006 Posts: 1,206 Location: Nairobi
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Okonkwo wrote:I like how Wazuans get excited sometimes, and they invest without thinking twice.
Nobody on Wazua has so far said that they are buying at 90sh.Or is there?Anyone? Formally employed people often live their employers' dream & forget about their own.
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Rank: Member Joined: 1/17/2009 Posts: 55
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I sold some at 80/= yesterday... I can authoritatively confirm that there is demand at those prices. and So can Suntra from the below link http://www.businessdaily...2/-/pm4359/-/index.html
@Okonkwo - It seems you sold CIC too soon... But, I would like to get involved in that Pyramid scheme you got int 
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Rank: Member Joined: 1/29/2009 Posts: 85
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I agree with you. Remember year before rights, the share was at 35/= and we bought rights at 27 (so those whose bought at 35/= never had advantage). I am told rights may be at 6.50/=. At share price of 100/=, it means 5/= post split. Why not just wait for IPO. They way they have talked, am sure listing will even be 2013.
I leave it to the individuals to make personal buy decisions. I can not challenge
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Rank: Elder Joined: 10/13/2009 Posts: 1,950 Location: in kenya
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We had a discussion about companies posting above average results on the year they are about to be listed,I am looking at CIC current results and looking at the graphs trends From 2006 to 2010.The 2010 results seems to be one hell of a year for CIC in terms of growth. Profit growth 117% asset growth 88% Gross premium 58% Net earned premium 40% Lets hope there aggressive growth strategy is paying off I would hate to loose money in their upcoming IPO. '......to the acknowledgment of the mystery of God, and of the Father, and of Christ; 3 In whom are hid all the treasures of wisdom and knowledge.' Colossians 2:2-3
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Rank: Member Joined: 1/29/2009 Posts: 85
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I also wish to offer on sale some of my CIC shares still in stock for Ksh.150/= (not 300/=) as suggested by some.
This offer is on first come first served. Those in need to give me their email address and/or tel numbers arrange mode of payment.
Thanks & Good weekend
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Rank: Elder Joined: 2/10/2007 Posts: 1,587
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selah wrote:We had a discussion about companies posting above average results on the year they are about to be listed,I am looking at CIC current results and looking at the graphs trends From 2006 to 2010.The 2010 results seems to be one hell of a year for CIC in terms of growth.
Profit growth 117%
asset growth 88%
Gross premium 58%
Net earned premium 40%
Lets hope there aggressive growth strategy is paying off I would hate to loose money in their upcoming IPO. @selah CIC had great results. Now they have money from the placement, they also have a serious board addition in form of Coop bank to enhance their governance. I hope they will also get Coop business. Going forward, we will are likely to see fantastic growth
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Rank: Elder Joined: 2/10/2007 Posts: 1,587
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Okonkwo wrote:I also wish to offer on sale some of my CIC shares still in stock for Ksh.150/= (not 300/=) as suggested by some.
This offer is on first come first served. Those in need to give me their email address and/or tel numbers arrange mode of payment.
Thanks & Good weekend @Okonkwo, That is quite ambitious!
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Rank: Member Joined: 12/8/2009 Posts: 274 Location: Ltktk
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The directors recommend payment of a first and final dividend of ksh 1.60 per share for all alloted shares. this means even rights and placement shares will earn a dividend. wmebadilisha from 3.14 ksh to 1.60 ksh. ...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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TUPAC wrote:The directors recommend payment of a first and final dividend of ksh 1.60 per share for all alloted shares.
this means even rights and placement shares will earn a dividend. wmebadilisha from 3.14 ksh to 1.60 ksh. @TUPAC, Was that in yesterday's paper? I have the annual account and it says dividends is 3.14 per share.
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Rank: Member Joined: 12/8/2009 Posts: 274 Location: Ltktk
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PKoli wrote:TUPAC wrote:The directors recommend payment of a first and final dividend of ksh 1.60 per share for all alloted shares.
this means even rights and placement shares will earn a dividend. wmebadilisha from 3.14 ksh to 1.60 ksh. @TUPAC, Was that in yesterday's paper? I have the annual account and it says dividends is 3.14 per share. @koli it is in todays daily nation pg 39. its in their advert on statement of accounts. ...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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TUPAC wrote:PKoli wrote:TUPAC wrote:The directors recommend payment of a first and final dividend of ksh 1.60 per share for all alloted shares.
this means even rights and placement shares will earn a dividend. wmebadilisha from 3.14 ksh to 1.60 ksh. @TUPAC, Was that in yesterday's paper? I have the annual account and it says dividends is 3.14 per share. @koli it is in todays daily nation pg 39. its in their advert on statement of accounts. Many thanks, I have the paper but not openned inside?
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Rank: Elder Joined: 9/29/2006 Posts: 2,570
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PKoli wrote:TUPAC wrote:The directors recommend payment of a first and final dividend of ksh 1.60 per share for all alloted shares.
this means even rights and placement shares will earn a dividend. wmebadilisha from 3.14 ksh to 1.60 ksh. @TUPAC, Was that in yesterday's paper? I have the annual account and it says dividends is 3.14 per share. =>We shall know the truth morrow or within 18hrs. 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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It's only fair to do this.It was a commitment they made during the rights issue.If it's the case the directors of the company just earned an xtra mark from me.
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Rank: Elder Joined: 2/10/2007 Posts: 1,587
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jerry wrote:PKoli wrote:TUPAC wrote:The directors recommend payment of a first and final dividend of ksh 1.60 per share for all alloted shares.
this means even rights and placement shares will earn a dividend. wmebadilisha from 3.14 ksh to 1.60 ksh. @TUPAC, Was that in yesterday's paper? I have the annual account and it says dividends is 3.14 per share. =>We shall know the truth morrow or within 18hrs. I saw it after being directed to the page by TUPAC. I hope a number of Wazuans will be attending the AGM. I will attend.
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