Wazua
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CIC by yaserbigchair
Rank: Member Joined: 1/29/2009 Posts: 85
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[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.
[/quote]
@Kausha
How are you getting CIC NAV to be 1.9x
You are dividing what over what (use 2011 financials)
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Rank: Member Joined: 9/14/2011 Posts: 872 Location: nairobi
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anyone please share the demand and supply for CIC currently please
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Rank: Elder Joined: 2/10/2007 Posts: 1,587
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[quote=heri]anyone please share the demand and supply for CIC currently please [/quote]
No demand against supply of 3M shares
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Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
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[quote=heri]anyone please share the demand and supply for CIC currently please [/quote] Supply of 2million shares of @ 4.75.. No demand Mark 12:29
Deuteronomy 4:16
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Rank: Veteran Joined: 8/11/2010 Posts: 1,011 Location: nairobi
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[quote=heri]anyone please share the demand and supply for CIC currently please [/quote]
demand now 4.6m and supply 4.4m,i dont who has arrived with a bung
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Rank: Member Joined: 2/8/2007 Posts: 808
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Total shareholders funds of 2011 divided by the 2.2 billion shares listed!
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Rank: Member Joined: 2/8/2007 Posts: 808
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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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Rank: Member Joined: 4/14/2011 Posts: 639
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[quote=bartum][quote=heri]anyone please share the demand and supply for CIC currently please [/quote]
demand now 4.6m and supply 4.4m,i dont who has arrived with a bung[/quote]
AT WHAT PRICE?
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Rank: Member Joined: 9/14/2011 Posts: 872 Location: nairobi
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what is the price at the demand level of 4.6m
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Rank: Elder Joined: 2/10/2007 Posts: 1,587
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[quote=heri]what is the price at the demand level of 4.6m[/quote]
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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CIC by yaserbigchair
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