This makes sense. I think not many people have also mobilized their shares. The free float is too thin for the demand.when supply comes in significantly we should see prices in the range of 4 bob.

Once the certificates for the mwananchi are immobilized the share price will come down to the ksh.4 range
The mbig mboys would have made their money.

Coop Bank now owns 35% CIC

TOP 20 SHAREHOLDERS IN THE CIS CO-OPERATIVE SOCIETY
Name
Percentage
Holding
1 THE CO-OPERATIVE BANK OF KENYA LTD 35.71
2 CO-OPERATIVE BANK SAVINGS AND CREDIT SOCIETY LTD 9.63
3 K.UNITY SAVINGS AND CREDIT CO-OPERATIVE SOCIETY LIMITED. 3.21
4 HARAMBEE CO-OPERATIVE SAVINGS AND CREDIT SOCIETY LTD 1.81
5 EMBU FARMERS SAVINGS AND CREDIT CO-OPERATIVE SOCIETY LTD 1.78
6 KIPSIGIS TEACHERS SAVINGS & CREDIT SOCIETY LTD 1.53
7 FEP CO-OPERATIVE SAVINGS AND CREDIT SOCIETY LTD 1.48
8 BARINGO TEACHERS SAVINGS AND CREDIT CO-OPERATIVE SOCIETY LTD 1.34
9 H& M SAVINGS AND CREDIT CO-OPERATIVE SOCIETY LTD. 1.27
10
KENYA POLICE STAFF CO-OPERATIVE SAVINGS AND CREDIT SOCIETY
LTD 1.22
11 BANDARI CO-OPERATIVE SAVINGS AND CREDIT SOCIETY LTD 1.03
12 NEW GENERATIONS SAVINGS AND CREDIT CO-OPERATIVE SOCIETY LTD 0.95
13 NDEGE CHAI CO-OPERATIVE SAVINGS AND CREDIT SOCIETY LTD 0.83
14 STIMA CO-OPERATIVE SAVINGS AND CREDIT SOCIETY LTD 0.78
15 WAKENYA PAMOJA SAVINGS AND CREDIT CO-OPERATIVE SOCIETY LTD 0.75
16 NACICO SAVINGS AND CREDIT CO-OPERATIVE SOCIETY 0.72
17 CHEMELIL SAVINGS AND CREDIT CO-OPERATIVE SOCIETY LTD 0.69
18 BANKI KUU CO-OPERATIVE SAVINGS AND CREDIT SOCIETY LTD 0.66
19 MWALIMU CO-OPERATIVE SAVINGS & CREDIT SOCIETY LTD 0.64
54
20 MHASIBU CO-OPERATIVE SAVINGS AND CREDIT SOCIETY LTD 0.63
TOTAL 66.68

Think you are right!

@Hunderwear go back to class to learn basic mathematics;
CIS owns 75% of CIC.
Co-operative Bank owns 35.71% of CIS
35.71*0.75=26.78%.
25% of CIC insurance are the ones held by individual shareholders/available for trading.
In conclusion Co-operative bank owns 26.78% of CIC and not 35%