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cic dividend and AGM

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richsure		#1 Posted : Thursday, April 09, 2009 5:39:00 AM
Rank: Member Joined: 10/29/2008 Posts: 26		i have seen the agm is next month. anyone seen their 2008 results. please share thanks Better days are ahead
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mukiha		#2 Posted : Thursday, April 09, 2009 5:58:00 AM
Rank: Elder Joined: 6/27/2008 Posts: 4,114		This is not a listed company Go to their website (www.cic.co.ke) If you can't find it there....go their head office If they don't give it to you (since you are not a shareholder) look for a shareholder ask to have a look Nothing is real unless it can be named; nothing has value unless it can be sold; money is worthless unless you spend it.
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Eddiemundu		#3 Posted : Thursday, April 09, 2009 10:59:00 AM
Rank: Member Joined: 4/23/2007 Posts: 67		@Mukiha, Yu have flopped on this one..it seems old age is catching up..CIC is a 'Private' Equity Firm ever since Suntra did an 'IPO'..i snobbed it coz of the Uchumi Precedence at that Pigeon Hole. M'c Kende Siafu !
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jerry		#4 Posted : Thursday, April 09, 2009 12:37:00 PM
Rank: Elder Joined: 9/29/2006 Posts: 2,570		@Eddie. What is it? So if it is a 'private' firm it is listed or what? I missed the 'IPO'. Ecs 11.2 Give portions to seven,yes to eight,for you do not know what disaster may come upon the land. The opposite of courage is not cowardice, it's conformity.
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mukiha		#5 Posted : Thursday, April 09, 2009 2:18:00 PM
Rank: Elder Joined: 6/27/2008 Posts: 4,114		@Eddie - I am 100% certain that CIC is NOT listed! What they did was NOT an IPO!!!! It was a PRIVATE PLACEMENT.....and the prospectus was very clear 'STRICTLY BY INVITATION ONLY' It may have several thousand shareholders but it still remain a private company...as opposed to a publicly listed one Ask yourself this simple question....'if it did an IPO,why aren't its shares listed at the NSE? Ni kama Family Bank,au Co-Op Bank before this year's IPO Nothing is real unless it can be named; nothing has value unless it can be sold; money is worthless unless you spend it.
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kiriita		#6 Posted : Thursday, April 09, 2009 8:02:00 PM
Rank: Member Joined: 4/20/2008 Posts: 437		@mukiha - you are right to the extent of your stating that CIC is not listed. You are wrong though when you say it is a private company. A private company can only have a max of 50 shareholders. CIC is thus an 'unlisted' public company - just like Coop Bank before the IPO - and many others.. ... ... .... No Risk No Gain
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jerry		#7 Posted : Friday, April 10, 2009 9:24:00 AM
Rank: Elder Joined: 9/29/2006 Posts: 2,570		@Kiriita. Can't imagine what your name means in my language! How do you explain the fact that it is public and I can't get-in? Ecs 11.2 Give portions to seven,yes to eight,for you do not know what disaster may come upon the land. The opposite of courage is not cowardice, it's conformity.
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