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CIC by yaserbigchair
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Aguytrying
#21 Posted : Thursday, July 19, 2012 1:37:56 AM
Rank: Elder


Joined: 7/11/2010
Posts: 5,040
let the pigs be slaughtered.billy graham reccomends to largely ignore new listings.
The investor's chief problem - and even his worst enemy - is likely to be himself
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StatMeister
#22 Posted : Thursday, July 19, 2012 8:58:57 AM
Rank: Veteran


Joined: 5/23/2010
Posts: 868
Location: La Islas Galápagos
Britank @ 9, CFC @ 18 . . . don't know why this one insurance is diff'rent
A bad day fishing is better than a good day at work
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yaserbigchair
#23 Posted : Thursday, July 19, 2012 10:25:59 AM
Rank: Member


Joined: 7/19/2006
Posts: 113
Location: Mombasa
My post doesn't suggest you buy @7! Its an explanation of how the share will trade.

Don't buy at a higher price! when will you sell then???

Wait it goes down then you buy. Then you will be able to sell at a PROFIT.

Take note of the range.
Sound that I love most: Is the ringing bell of Stock Market.
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hisah
#24 Posted : Thursday, July 19, 2012 10:34:51 AM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
4.75/- prints...
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Kausha
#25 Posted : Thursday, July 19, 2012 10:58:04 AM
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Joined: 2/8/2007
Posts: 808
But @Yaserbig....you shied away from the valuation discussion. Some novice investor may take you seriously and splash cash at 4 bob. Remember you have previously correctly & profitably advised novice wazua investors!

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yaserbigchair
#26 Posted : Thursday, July 19, 2012 10:58:38 AM
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Joined: 7/19/2006
Posts: 113
Location: Mombasa
TOUCH DOWN!Laughing out loudly
Sound that I love most: Is the ringing bell of Stock Market.
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Sufficiently Philanga....thropic
#27 Posted : Thursday, July 19, 2012 11:08:44 AM
Rank: Elder


Joined: 9/23/2010
Posts: 2,221
Location: Sundowner,Amboseli
Anyone buying this stock should first know that it was split 100 times before being made public. That those who bought into the rights in 2010 at pre split at 27 will happily sell to you that stock even at sub listing price and walk away with 12 times what they sowed!!
@SufficientlyP
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PKoli
#28 Posted : Thursday, July 19, 2012 11:17:34 AM
Rank: Elder


Joined: 2/10/2007
Posts: 1,587
Sufficiently Philanga....thropic wrote:
Anyone buying this stock should first know that it was split 100 times before being made public. That those who bought into the rights in 2010 at pre split at 27 will happily sell to you that stock even at sub listing price and walk away with 12 times what they sowed!!


I remember it was only split 20 times. Obviously they created more shares from those that were there in 2007 or thereabouts, but I do not remember the 100 times split. May be you are confuding with Coop bank.
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Sufficiently Philanga....thropic
#29 Posted : Thursday, July 19, 2012 11:34:01 AM
Rank: Elder


Joined: 9/23/2010
Posts: 2,221
Location: Sundowner,Amboseli
PKoli wrote:
Sufficiently Philanga....thropic wrote:
Anyone buying this stock should first know that it was split 100 times before being made public. That those who bought into the rights in 2010 at pre split at 27 will happily sell to you that stock even at sub listing price and walk away with 12 times what they sowed!!


I remember it was only split 20 times. Obviously they created more shares from those that were there in 2007 or thereabouts, but I do not remember the 100 times split. May be you are confuding with Coop bank.

If they only split 20 times, then they must have created a whole lot of shares. A quick glance at FY2009 accounts reflects 21,398,750 participating/issued shares versus about 2.2B as at lising!
@SufficientlyP
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PKoli
#30 Posted : Thursday, July 19, 2012 11:37:21 AM
Rank: Elder


Joined: 2/10/2007
Posts: 1,587
Sufficiently Philanga....thropic wrote:
PKoli wrote:
Sufficiently Philanga....thropic wrote:
Anyone buying this stock should first know that it was split 100 times before being made public. That those who bought into the rights in 2010 at pre split at 27 will happily sell to you that stock even at sub listing price and walk away with 12 times what they sowed!!


I remember it was only split 20 times. Obviously they created more shares from those that were there in 2007 or thereabouts, but I do not remember the 100 times split. May be you are confuding with Coop bank.

If they only split 20 times, then they must have created a whole lot of shares. A quick glance at FY2009 accounts reflects 21,398,750 participating/issued shares versus about 2.2B as at lising!


Very true, they created more shares after the second placement. They realised that individuals had taken up more shares than the sacco socities, so they created more shares and offered them to saccos at 27. Thereafter, they split by 20.
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Okonkwo
#31 Posted : Thursday, July 19, 2012 12:58:29 PM
Rank: Member


Joined: 1/29/2009
Posts: 85
Quote:

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.


@Kausha
How are you getting CIC NAV to be 1.9x
You are dividing what over what (use 2011 financials)
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heri
#32 Posted : Thursday, July 19, 2012 1:19:00 PM
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Joined: 9/14/2011
Posts: 834
Location: nairobi
anyone please share the demand and supply for CIC currently please
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PKoli
#33 Posted : Thursday, July 19, 2012 1:31:26 PM
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Joined: 2/10/2007
Posts: 1,587
heri wrote:
anyone please share the demand and supply for CIC currently please


No demand against supply of 3M shares
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guru267
#34 Posted : Thursday, July 19, 2012 2:15:03 PM
Rank: Elder


Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
heri wrote:
anyone please share the demand and supply for CIC currently please


Supply of 2million shares of @ 4.75.. No demand
Mark 12:29
Deuteronomy 4:16
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bartum
#35 Posted : Thursday, July 19, 2012 2:38:37 PM
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Joined: 8/11/2010
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Location: nairobi
heri wrote:
anyone please share the demand and supply for CIC currently please

demand now 4.6m and supply 4.4m,i dont who has arrived with a bung
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Kausha
#36 Posted : Thursday, July 19, 2012 3:16:21 PM
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Total shareholders funds of 2011 divided by the 2.2 billion shares listed!
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Kausha
#37 Posted : Thursday, July 19, 2012 3:18:55 PM
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Actually sorry 2.2B shares multiply by 3.50 to get 7B+. Divide this by the total shareholders funds. So obviously at 4.75, it's even worse.
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Hunderwear
#38 Posted : Thursday, July 19, 2012 3:21:45 PM
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Joined: 4/14/2011
Posts: 639
bartum wrote:
heri wrote:
anyone please share the demand and supply for CIC currently please

demand now 4.6m and supply 4.4m,i dont who has arrived with a bung

AT WHAT PRICE?
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heri
#39 Posted : Thursday, July 19, 2012 4:09:02 PM
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Joined: 9/14/2011
Posts: 834
Location: nairobi
what is the price at the demand level of 4.6m
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PKoli
#40 Posted : Thursday, July 19, 2012 6:23:42 PM
Rank: Elder


Joined: 2/10/2007
Posts: 1,587
heri wrote:
what is the price at the demand level of 4.6m


I was not able to see this volume, but given the huge volume, the VWAP should be been contributed mainly by this block. I guess it was around 4.8.
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