After doing my research,I would like to share the following:

Price: 3.5
Shares: 2.2B
Valuation: 7.7B
Only shares to be traded in the next 2yrs: 550M
Price range: 2.5 to 7.5
Dividend Payment for the yr: 0.10 (yielding 2.85%)

The company has been on an upward trend, the results are impresive.

Well diversified i.e. Real estate.

In the next one year it will have to depend on Insurance earnings only,thereafter real estate earnings will boost their Revenue and Profitability and probably increase there Dividend to 0.20.

If you want to get a clear picture, just look at Safaricom from April 2008 to date.

My holding in this counter is a BUY!

Note: when trading/investing in Insurance firms always note that when the NSE index goes up,so will be the performance, when it goes down, it follows the trend.

Have the shares started trading and what is the going price.
Can't see it on price list

@YBC, you are misleading people. CIC is a overly expensive share. at 1.9x NAV compared to even better peers, you are either assuming CIC is going to make a fortune in the future or the other companies are grossly underpriced.

Kenya RE is trading at 0.62x NAV while Pan Africa trades at 1.6x NAV (even after the recent rally). Jubilee trades at 1.4x NAV. Kenya RE has more properties than CIC will ever have, have a more secure business- compulsory cessions, Jubilee is Jubilee while Pan Africa is the largest life business - what you want to be buying. SO how do you justify a multiple of 1.9x NAV for a newly listed insurance company? Price to Earnings multiple for insurers is misleading, they can sell shares or property and book profit. You look at the Book multiples which is what you are buying.

4/=

Wao, a guy bought at 7bob??

That's Faida who crossed 200,000 at 7 shillings. They are the buyer and seller. The only cost for them is the CMA levies, NSE & CDSC which amount to less than 20K.

Karata gani hiyo sasa...

But that is normally part of the lead broker's job to create a tombstone which would read 'CIC listed the company on 17th July 2012. On teh first day of trading the share traded at 7/= a share.'' Nobody cares what happens thereafter.

VWAP reading 5.25/- so I guess this will be the final print for the day. And the headlines tomorrow will read CIC share gains 50% on its NSE debut as @kausha states above. If @kausha is right, this thing will be pushed above 7/- for a while until the mboys make their cut. Welcome to market making...

So sad I remember once CFC ws hyped to 900 bob.