Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
|
PKoli wrote:Many thanks for the IM. Let us wait for tomorrow. Any bidders? Are you planning to bail?  GOD BLESS YOUR LIFE
|
|
|
Rank: Elder Joined: 9/29/2006 Posts: 2,570
|
guru267 wrote:jerry wrote:e_kijana wrote:Read the IM... on the PSV issue it is clear from IM that they dont want to provide insurance for PSVs per se (like the rest of the PSV insurers), but want to invest in Public Service Vehicles in partnership with a society... basically be a Major shareholder in a new bus public transport company. If they end up insuring their own PSVs, then risk is very much minimised. INVESCO is already in partnership with and partly owned by Matatu operators/SACCOs. Kwani all PSVs are matatus?? @guru267. Nope but they could be the majority in terms of numbers. The opposite of courage is not cowardice, it's conformity.
|
|
|
Rank: Elder Joined: 2/10/2007 Posts: 1,587
|
youcan'tstopusnow wrote:PKoli wrote:Many thanks for the IM. Let us wait for tomorrow. Any bidders? Are you planning to bail? I only want to offload a few. I cant bail out of CIC. It is is one of my dream stocks!!
|
|
|
Rank: Chief Joined: 5/31/2011 Posts: 5,121
|
D Day!
I've seen very heavy security presence at Nation Centre. Looks like the president will grace this listing.
I hope my trading system wont misbehave today. Tick, Tock, Tick, Tock, ...
|
|
|
Rank: Chief Joined: 5/31/2011 Posts: 5,121
|
... and NSE has confirmed that it will be hosting His Excellency Hon. Mwai Kibaki, C.G.H., M.P. at the Trading Floor for CIC bell ringing ceremony.
Good publicity for the counter that the president will be there to witness its debut to NSE
|
|
|
Rank: Chief Joined: 5/31/2011 Posts: 5,121
|
At the listing price of KES 3.50, the counter will be trading at a trailing P/E of 13x against a sector average of 7.9x and a dividend yield of 2.57% against a sector average of 4.0%. (sib).
|
|
|
Rank: Member Joined: 9/14/2011 Posts: 834 Location: nairobi
|
what is best price to sell at? am quoting a sell price of sh 12
|
|
|
Rank: Chief Joined: 5/31/2011 Posts: 5,121
|
heri wrote:what is best price to sell at? am quoting a sell price of sh 12 Tough call mate. At KES 3.50 the share is already expensive compared to industry. KES 12 would absurdly put the P/E at 44.4x. The next few days at this counter will see shrewd bulls and bears slaughtering the pigs! .
|
|
|
Rank: Elder Joined: 7/11/2010 Posts: 5,040
|
mwekez@ji wrote:heri wrote:what is best price to sell at? am quoting a sell price of sh 12 Tough call mate. At KES 3.50 the share is already expensive compared to industry. KES 12 would absurdly put the P/E at 44.4x. The next few days at this counter will see shrewd bulls and bears slaughtering the pigs! . true. as some think its the time to enter the wise ones know its pay day. when will trading start. i love the excitement of a new listing. this stock will make millionaires today. the share has been split so many times. imagine if one had a chunk before the splits? The investor's chief problem - and even his worst enemy - is likely to be himself
|
|
|
Rank: Member Joined: 2/8/2007 Posts: 808
|
General insurance companies are largely dud businesses especially those who have motor vehicle and medical insurance business in their portfolios. These two are killers. I would only buy an general insurer at a discount to NAV.
Life insurance businesses on the other hand are money spinners especially those o ntop of their cost structures and operational platforms. They will always make shit loads of cash and sooner or latter as our Retirement benefits sector matures and annuity become vogue life insurers will be money spinners!
|
|
|
Rank: Elder Joined: 11/7/2007 Posts: 2,182
|
mwekez@ji wrote:At the listing price of KES 3.50, the counter will be trading at a trailing P/E of 13x against a sector average of 7.9x and a dividend yield of 2.57% against a sector average of 4.0%. (sib). that is the biggest scare of all, it is under-performing on all measures LOVE WHAT YOU DO, DO WHAT YOU LOVE.
|
|
|
Rank: Elder Joined: 2/10/2007 Posts: 1,587
|
kyt wrote:mwekez@ji wrote:At the listing price of KES 3.50, the counter will be trading at a trailing P/E of 13x against a sector average of 7.9x and a dividend yield of 2.57% against a sector average of 4.0%. (sib). that is the biggest scare of all, it is under-performing on all measures No one is mentioning growth potential. That is what buyers do, else no one would have bought equity, ARM, EABL etc
|
|
|
Rank: Elder Joined: 9/29/2006 Posts: 2,570
|
PKoli wrote:kyt wrote:mwekez@ji wrote:At the listing price of KES 3.50, the counter will be trading at a trailing P/E of 13x against a sector average of 7.9x and a dividend yield of 2.57% against a sector average of 4.0%. (sib). that is the biggest scare of all, it is under-performing on all measures No one is mentioning growth potential. That is what buyers do, else no one would have bought equity, ARM, EABL etc No sale yet? The opposite of courage is not cowardice, it's conformity.
|
|
|
Rank: Elder Joined: 2/10/2007 Posts: 1,587
|
jerry wrote:PKoli wrote:kyt wrote:mwekez@ji wrote:At the listing price of KES 3.50, the counter will be trading at a trailing P/E of 13x against a sector average of 7.9x and a dividend yield of 2.57% against a sector average of 4.0%. (sib). that is the biggest scare of all, it is under-performing on all measures No one is mentioning growth potential. That is what buyers do, else no one would have bought equity, ARM, EABL etc No sale yet? I was too ambitious with a price of 6 bob, my broker tells me the price is now 5 bob.
|
|
|
Rank: Elder Joined: 11/7/2007 Posts: 2,182
|
PKoli wrote:kyt wrote:mwekez@ji wrote:At the listing price of KES 3.50, the counter will be trading at a trailing P/E of 13x against a sector average of 7.9x and a dividend yield of 2.57% against a sector average of 4.0%. (sib). that is the biggest scare of all, it is under-performing on all measures No one is mentioning growth potential. That is what buyers do, else no one would have bought equity, ARM, EABL etc boss ARM and EABL were good and still are good growth counters as long as people are being born, unless we all turn gay LOVE WHAT YOU DO, DO WHAT YOU LOVE.
|
|
|
Rank: Elder Joined: 9/29/2006 Posts: 2,570
|
@Pkoli. Thanks, I'm yet to immobilise my shares and if I had money I would be buying more. The opposite of courage is not cowardice, it's conformity.
|
|
|
Rank: Elder Joined: 2/10/2007 Posts: 1,587
|
jerry wrote:@Pkoli. Thanks, I'm yet to immobilise my shares and if I had money I would be buying more. @jerry, welcome. With time, the price will stabilize to around 4. You should be able to accumulate more.
|
|
|
Rank: Chief Joined: 8/4/2010 Posts: 8,977
|
Btw CIC headline of a 50% gain on its debut listing is nothing compared to CFCI gains on its listing debut... Quote:CFCIH shares soared 141.3 per cent from a listing price of Sh6.15 each to a closing average of Sh14.86 after the insurance business was split from the CFC Stanbic Holdings Group. $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
|
|
|
Rank: Chief Joined: 1/3/2007 Posts: 18,129 Location: Nairobi
|
heri wrote:what is best price to sell at? am quoting a sell price of sh 12 Can I sell you mine at 5/-? U can then make 7/- later on! Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
|
|
|
Rank: Elder Joined: 7/11/2010 Posts: 5,040
|
not bad overpriced entry largely went as expected. this may continue until It settles. i like this company it could be one of those stars of the nse. a high of 7.00 who foresaw that. The investor's chief problem - and even his worst enemy - is likely to be himself
|
|
|
Forum Jump
You cannot post new topics in this forum.
You cannot reply to topics in this forum.
You cannot delete your posts in this forum.
You cannot edit your posts in this forum.
You cannot create polls in this forum.
You cannot vote in polls in this forum.
|