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CFCI Holdings 2011 annual report
Rank: Member Joined: 3/20/2008 Posts: 503
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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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Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery
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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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Rank: Elder Joined: 2/10/2007 Posts: 1,587
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@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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Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery
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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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Rank: Elder Joined: 2/10/2007 Posts: 1,587
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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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Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery
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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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Rank: Elder Joined: 2/10/2007 Posts: 1,587
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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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Rank: Member Joined: 3/20/2008 Posts: 503
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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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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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@the deal, what did they say about this CFC Life pushes Heritage Insurance deeper into losseshttp://www.businessdailyafrica....98/-/8m695t/-/index.html
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Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery
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Hogwash from Business Daily...read the latest Annual Report!
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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the deal wrote:Hogwash from Business Daily...read the latest Annual Report! is someone getting blinded by too much love of a stock. Send us the Annual Report here: wazua@googlegroups.com CC: 2mwekezaji@gmail.com
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Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery
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I'm an analyst...Insurance is one of my favourite areas...my opinion is highly regarded in the industry!! I have stated above I have a hard copy.
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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the deal wrote:I'm an analyst...Insurance is one of my favourite areas...my opinion is highly regarded in the industry!! I have stated above I have a hard copy. How convenient for you to say its in hard copy. .... Over to the Jubilee thread. Lets settle that one coz we have jubilee financials in soft copy
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Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery
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@Mwekez@ji so you think CFCI is a loss making company like Business Daily is alluding too?
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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the deal wrote:@Mwekez@ji so you think CFCI is a loss making company like Business Daily is alluding too? When we get copies of the annual report, we'll discuss this. .... Over to the Jubilee debate where we have all we need to hold a good discussion
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Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery
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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. Actually they paid Kes248.7mn last year as dividends which is approx Kes0.50 DPS which translates to a dividend yield of 6.3% at the current price of Kes7.90.
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Rank: Elder Joined: 2/10/2007 Posts: 1,587
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@the deal,
Thanks, that is a reasonable yield for the insurance company. People getting in now might get about 8% yield or so. Let us wait for HY results.
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Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery
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Interesting Liberty Holding expect their H1 earning to rise by 30-48%.
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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the deal wrote:Interesting Liberty Holding expect their H1 earning to rise by 30-48%. I'm liking the KE insurance counters. They're climbing a wall of worry which is good for a bullish ride. Britak got a good hammering last year. It will snap back with the same vigour at some point. If CIC can get hammered to as low as 3/- that would be welcome.
Generally the KE insurance counters are on the buy side for me.$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Member Joined: 3/20/2008 Posts: 503
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the deal wrote:Interesting Liberty Holding expect their H1 earning to rise by 30-48%. weka link!
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CFCI Holdings 2011 annual report
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