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CIC BOOKS CLOSURE ON JAN 27TH - ARE YOU READY?
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Thermostatic Investor
#1 Posted : Friday, January 20, 2012 10:36:28 AM
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Joined: 8/18/2011
Posts: 44
CIC Insurance Group will close its books on the 27th of January to effect the 20:1 Shares split in readiness for Q2 2012 Listing. HAve you bought enough? The OTC will also close on the same date.
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bird_man
#2 Posted : Friday, January 20, 2012 11:07:46 AM
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Joined: 11/2/2006
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Location: Nairobi
The sale by introduction is confusing.Will the share go the TransCentury way of -50% on listing or will it go up?
And what will be the price on NSE?4sh?
Formally employed people often live their employers' dream & forget about their own.
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jerry
#3 Posted : Friday, January 20, 2012 12:49:41 PM
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Joined: 9/29/2006
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bird_man wrote:
The sale by introduction is confusing.Will the share go the TransCentury way of -50% on listing or will it go up?
And what will be the price on NSE?4sh?

What I may be interested in at the moment is the introductory price and the split factor if the shares have been split. What happens after the share is introduced is speculation!
The opposite of courage is not cowardice, it's conformity.
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bird_man
#4 Posted : Friday, January 20, 2012 1:41:35 PM
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Posts: 1,206
Location: Nairobi
jerry wrote:
bird_man wrote:
The sale by introduction is confusing.Will the share go the TransCentury way of -50% on listing or will it go up?
And what will be the price on NSE?4sh?

What I may be interested in at the moment is the introductory price and the split factor if the shares have been split. What happens after the share is introduced is speculation!


Split was 20 for 1 as per the AGM resolutions.Guessing the price should therefore be about 4sh.
Formally employed people often live their employers' dream & forget about their own.
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e_kijana
#5 Posted : Friday, January 20, 2012 2:22:36 PM
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Joined: 1/17/2009
Posts: 55
to Manage you expectations, Prices Cannot be 4/= (I once sold some at sh 120/- or ~6sh after split around 4 months ago)

The OTC market is way too illiquid so cannot be the right price determiner. Wait for Faida Investment Bank to advise.

expect more around 7.00. Rememeber even on the counter there wont be many sellers as select (managers) top shareholders may be locked for 2+years
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 Report Abusive | Report SPAM | Edit by user: Friday, January 20, 2012 2:23 PM | Reason: Not specified
FRM2011
#6 Posted : Tuesday, January 24, 2012 11:03:45 AM
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Joined: 11/5/2010
Posts: 2,459
I have 10000 shares for sale @ 90 bob. Any takers ?
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bird_man
#7 Posted : Tuesday, January 24, 2012 11:41:35 AM
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deleted.
Formally employed people often live their employers' dream & forget about their own.
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 Report Abusive | Report SPAM | Edit by user: Tuesday, January 24, 2012 11:42 AM | Reason: Not specified
bartum
#8 Posted : Tuesday, January 24, 2012 11:44:40 AM
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Posts: 1,011
Location: nairobi
bird_man wrote:
deleted.

what mean you
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bird_man
#9 Posted : Tuesday, January 24, 2012 11:52:36 AM
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Joined: 11/2/2006
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I had asked an invalid question.After realizing the mistake....could not delete.So I just edited.Sorry.
Formally employed people often live their employers' dream & forget about their own.
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Layman
#10 Posted : Tuesday, January 31, 2012 3:08:35 PM
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Joined: 9/21/2006
Posts: 422
Location: Nairobi
...I have seen in business daily today 31st Jan 2012 that they will list by june 2012...... read here: http://www.businessdaily...4/-/miennb/-/index.html
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