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CFCI Holdings 2011 annual report
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xxxxx
#1 Posted : Wednesday, May 23, 2012 2:42:58 PM
Rank: Member

Joined: 3/20/2008
Posts: 503
CFC Insurance Holdings AGM/Annual report 31/12/2011

Has any one seen the annual report for the year ended 31 December 2011??? and when is the AGM? I need to compare CfC IH and CIC before it lists.
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  | | Edit by moderator: Wednesday, April 30, 2014 10:32 AM | Reason: title shortened
the deal
#2 Posted : Tuesday, July 10, 2012 11:52:12 AM
Rank: Elder

Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
I was at the AGM:-

Goodies: Diary, Umbrella and a super lunch box.

Resolutions: Change of name to Liberty Holdings

I spoke to the Finance Director...they expect to do well this year due to the recovery @ the NSe.

One of the best AGM's I have attended...they were so eager to answer questions from a young gun like me LOL
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PKoli
#3 Posted : Tuesday, July 10, 2012 11:59:15 AM
Rank: Elder

Joined: 2/10/2007
Posts: 1,587
@the deal,

That is encouraging news, we can buy when the stock is still low. Did they talk about dividends, why they never paid a penny despite having eps of 1.84?
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the deal
#4 Posted : Tuesday, July 10, 2012 12:10:58 PM
Rank: Elder

Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
PKoli wrote:
@the deal,

That is encouraging news, we can buy when the stock is still low. Did they talk about dividends, why they never paid a penny despite having eps of 1.84?

That was my first question lol...yes they will pay a dividend this year...the reason why they didn't pay one in FY 2011 is that they paid one during the de merger in Q1 2011...I have a hard copy of the Annual Report its an interesting read...by the way Heritage is big in Tanzania...so basically CFCI is made up of 3 companies:-

1. Heritage
2. Cfc Life
3. Cfc Investment (dormant)

The TZ operations contribute 11% of profits...Heritage Ins Kenya is struggling due to high claims from their Health and Motor divisions.
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PKoli
#5 Posted : Tuesday, July 10, 2012 12:19:40 PM
Rank: Elder

Joined: 2/10/2007
Posts: 1,587
the deal wrote:
PKoli wrote:
@the deal,

That is encouraging news, we can buy when the stock is still low. Did they talk about dividends, why they never paid a penny despite having eps of 1.84?

That was my first question lol...yes they will pay a dividend this year...the reason why they didn't pay one in FY 2011 is that they paid one during the de merger in Q1 2011...I have a hard copy of the Annual Report its an interesting read...by the way Heritage is big in Tanzania...so basically CFCI is made up of 3 companies:-

1. Heritage
2. Cfc Life
3. Cfc Investment (dormant)

The TZ operations contribute 11% of profits...Heritage Ins Kenya is struggling due to high claims from their Health and Motor divisions.


Thanks, I think this calls for accumulation.
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the deal
#6 Posted : Tuesday, July 10, 2012 12:54:52 PM
Rank: Elder

Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
PKoli wrote:
the deal wrote:
PKoli wrote:
@the deal,

That is encouraging news, we can buy when the stock is still low. Did they talk about dividends, why they never paid a penny despite having eps of 1.84?

That was my first question lol...yes they will pay a dividend this year...the reason why they didn't pay one in FY 2011 is that they paid one during the de merger in Q1 2011...I have a hard copy of the Annual Report its an interesting read...by the way Heritage is big in Tanzania...so basically CFCI is made up of 3 companies:-

1. Heritage
2. Cfc Life
3. Cfc Investment (dormant)

The TZ operations contribute 11% of profits...Heritage Ins Kenya is struggling due to high claims from their Health and Motor divisions.


Thanks, I think this calls for accumulation.

This one is undervalued...JSe listed Liberty Holdings will announce their interim results on 2 August 2012, they always include earnings for CFCI...so as early as 2 August 2012 one can get a hint on how CFCI is doing.
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PKoli
#7 Posted : Tuesday, July 10, 2012 1:07:25 PM
Rank: Elder

Joined: 2/10/2007
Posts: 1,587
the deal wrote:
PKoli wrote:
the deal wrote:
PKoli wrote:
@the deal,

That is encouraging news, we can buy when the stock is still low. Did they talk about dividends, why they never paid a penny despite having eps of 1.84?

That was my first question lol...yes they will pay a dividend this year...the reason why they didn't pay one in FY 2011 is that they paid one during the de merger in Q1 2011...I have a hard copy of the Annual Report its an interesting read...by the way Heritage is big in Tanzania...so basically CFCI is made up of 3 companies:-

1. Heritage
2. Cfc Life
3. Cfc Investment (dormant)

The TZ operations contribute 11% of profits...Heritage Ins Kenya is struggling due to high claims from their Health and Motor divisions.


Thanks, I think this calls for accumulation.

This one is undervalued...JSe listed Liberty Holdings will announce their interim results on 2 August 2012, they always include earnings for CFCI...so as early as 2 August 2012 one can get a hint on how CFCI is doing.


That will be nice to get a feeling of the performance of CFCI. I am sure soon there will be price discovery for this stock.
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xxxxx
#8 Posted : Tuesday, July 10, 2012 9:52:31 PM
Rank: Member

Joined: 3/20/2008
Posts: 503
the deal wrote:
I was at the AGM:-

Goodies: Diary, Umbrella and a super lunch box.

Resolutions: Change of name to Liberty Holdings

I spoke to the Finance Director...they expect to do well this year due to the recovery @ the NSe.

One of the best AGM's I have attended...they were so eager to answer questions from a young gun like me LOL


thanks @ the deal

You should also have asked them about their website if they have one? Soft copies of their financials should be there for all to see. Availability of financials goes a long way towards unlocking shareholder value.
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mwekez@ji
#9 Posted : Wednesday, July 11, 2012 9:44:43 AM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
@the deal, what did they say about this

CFC Life pushes Heritage Insurance deeper into losses

http://www.businessdailyafrica....98/-/8m695t/-/index.html
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the deal
#10 Posted : Wednesday, July 11, 2012 9:58:43 AM
Rank: Elder

Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
mwekez@ji wrote:
@the deal, what did they say about this

CFC Life pushes Heritage Insurance deeper into losses

http://www.businessdailyafrica....98/-/8m695t/-/index.html

Hogwash from Business Daily...read the latest Annual Report!
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