Assuming the listing price of kshs3.50 was arrived at using the 2011 full year financial statements where CIC made kshs.700M PBT, what do you think shall be the price next year when CIC reports kshs 1.8 Billion.

I know there are other factors to consider but my guess kshs 7.50 to 10.

@deal, wouldn't that be double counting of profits if dividends and PBT are added. I would think dividend received will only reflect in balance sheet as cash and also in the cash flow stmnt... In P&l only share of PBT will be included... Correct me here...

Agree its too early, they are in the risk business so you never know if they will have a huge claim inQ4.

Ok, just checked IAS28 but still stand to be corrected.. Read it to mean the dividend income line that would be in P&L were it not an associate or subsidiary would be Replaced with 'share in profits of associate' once the parent starts recognizing them as associate. So no dividend in P&L henceforth.. I will await any other opinions..

That Q1 income is just too much a gain when compared to their Full Year 2011 PAT which was 584M. I highly doubt whether that income is from normal operations

Underwriters cash in on mounting political anxiety with cover against political violence, terrorism and sabotage .

http://www.standardmedia.co.ke/...ng%20political%20anxiety

That is, Jubilee Insurance, Kenya Orient Insurance Ltd, Africa Trade Insurance Agency (ATI), UAP Insurance, and APA Insurance Company and Cannon Assurance

Where is CIC?

Word on the street...listing date...19th June.

Question:
When does one immobilize his share certificate?Someone told me after the listing date....is that true or can one do it before?

mine already with the registrar for immobilisation.Give it to your broker he will do the rest

@Hunderwear,

When will the electronic shares be credited to your CDS?Will you be able to trade on the opening day?

Hope it pulls a Longhorn.

Good company,good results....but very poor in communication & media hype.