wazua Fri, Jan 17, 2025
Welcome Guest Search | Active Topics | Log In | Register

2 Pages12>
CIC FY 2012 pre-tax profit up 110%
Options
Previous Topic · Next Topic
holycow
#1 Posted : Wednesday, March 27, 2013 9:14:45 AM
Rank: Veteran


Joined: 11/11/2006
Posts: 972
Location: Home
Just seen a tweet from CIC to the effect that the numbers are out.
Back to top
 Report Abusive | Report SPAM | Edit by moderator: Wednesday, March 27, 2013 9:23 PM | Reason: topic created for user
bartum
#2 Posted : Wednesday, March 27, 2013 9:29:01 AM
Rank: Veteran


Joined: 8/11/2010
Posts: 1,011
Location: nairobi
The pre-tax profits grew 110%to
Ksh1.65 billion for the period
ended December 31, 2012 from
Ksh787 million in 2011
Back to top
WWW
 Report Abusive | Report SPAM
dunkang
#3 Posted : Wednesday, March 27, 2013 9:30:53 AM
Rank: Elder


Joined: 6/2/2011
Posts: 4,818
Location: -1.2107, 36.8831
holycow wrote:
Just seen a tweet from CIC to the effect that the numbers are out.

Ndo hii ripoti yenyewe
Receive with simplicity everything that happens to you.” ― Rashi

Back to top
 Report Abusive | Report SPAM
FUNKY
#4 Posted : Wednesday, March 27, 2013 9:36:36 AM
Rank: Veteran


Joined: 4/30/2010
Posts: 1,635
DPS?
Back to top
 Report Abusive | Report SPAM
kazee
#5 Posted : Wednesday, March 27, 2013 9:41:33 AM
Rank: Member


Joined: 9/18/2006
Posts: 131
PBT grew by 110% and EPS is 64 cents. Not bad
Back to top
 Report Abusive | Report SPAM
Hunderwear
#6 Posted : Wednesday, March 27, 2013 9:43:35 AM
Rank: Member


Joined: 4/14/2011
Posts: 639
FUNKY wrote:
DPS?


0.1
Back to top
 Report Abusive | Report SPAM
FUNKY
#7 Posted : Wednesday, March 27, 2013 9:49:58 AM
Rank: Veteran


Joined: 4/30/2010
Posts: 1,635
That DPS is very small..what is the EPS?
Back to top
 Report Abusive | Report SPAM
Hunderwear
#8 Posted : Wednesday, March 27, 2013 10:01:31 AM
Rank: Member


Joined: 4/14/2011
Posts: 639
FUNKY wrote:
That DPS is very small..what is the EPS?


They have an ambitious growth plan into SS and Uganda.They need capital for this
Back to top
 Report Abusive | Report SPAM
guru267
#9 Posted : Wednesday, March 27, 2013 10:07:03 AM
Rank: Elder


Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
FUNKY wrote:
That DPS is very small..what is the EPS?


EPS = 0.64
Mark 12:29
Deuteronomy 4:16
Back to top
 Report Abusive | Report SPAM
jerry
#10 Posted : Wednesday, March 27, 2013 10:08:24 AM
Rank: Elder


Joined: 9/29/2006
Posts: 2,570
Hunderwear wrote:
FUNKY wrote:
DPS?


0.1

Below my expectation of 0.15
The opposite of courage is not cowardice, it's conformity.
Back to top
 Report Abusive | Report SPAM
jerry
#11 Posted : Wednesday, March 27, 2013 10:10:47 AM
Rank: Elder


Joined: 9/29/2006
Posts: 2,570
jerry wrote:
Hunderwear wrote:
FUNKY wrote:
DPS?


0.1

Below my expectation of 0.15

We need a policy on DPS payment like 25% of EPS!
The opposite of courage is not cowardice, it's conformity.
Back to top
 Report Abusive | Report SPAM
hisah
#12 Posted : Wednesday, March 27, 2013 10:18:38 AM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
jerry wrote:
jerry wrote:
Hunderwear wrote:
FUNKY wrote:
DPS?


0.1

Below my expectation of 0.15

We need a policy on DPS payment like 25% of EPS!

Going by their expansion plans to chase growth, if I were in charge I'd issue bonus shares instead of dividends. Retain the money for expansion then pay dividends later when the roots are strong enough.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
Back to top
 Report Abusive | Report SPAM
the deal
#13 Posted : Wednesday, March 27, 2013 10:34:25 AM
Rank: Elder


Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
FYI: Look beyond the headline numbers...look at the cash flow statement...to pay a dividend...you need cash...which they didnt generate in 2012 like 2011...a company can report a 1000% increase in PBT if its due to a non cash item i.e property revaluation...they will not pay a dividend until they sell that property and have the cash.
Back to top
 Report Abusive | Report SPAM
hisah
#14 Posted : Wednesday, March 27, 2013 10:44:53 AM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
@ericsson - you were right on the money about the results.

However going forward growing the PBT at such rates (110%) is not sustainable. I can see net claims are up 47%. Need to know which policies (general or life)...

$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
Back to top
 Report Abusive | Report SPAM
mwekez@ji
#15 Posted : Wednesday, March 27, 2013 10:58:21 AM
Rank: Chief


Joined: 5/31/2011
Posts: 5,121
Other income has done the magic here on increasing by a massive KES 634,882,000 - Read, revaluation of CIC Plaza and Kamiti Land.
Back to top
 Report Abusive | Report SPAM
Ericsson
#16 Posted : Wednesday, March 27, 2013 10:59:52 AM
Rank: Elder


Joined: 12/4/2009
Posts: 10,702
Location: NAIROBI
2012 was a good year for most companies going by the results announced.
Presidennt Kibaki will be leaving office with the economy on a good growth trajectory.
2013 also seems to be a good year with good growth recovery in America and the financial crisis of Europe easing slowly.
This year they might target to hit a PBT of ksh.2B which I give a growth estimate of about 20%.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Back to top
WWW
 Report Abusive | Report SPAM
PKoli
#17 Posted : Wednesday, March 27, 2013 9:16:48 PM
Rank: Elder


Joined: 2/10/2007
Posts: 1,587
the deal wrote:
FYI: Look beyond the headline numbers...look at the cash flow statement...to pay a dividend...you need cash...which they didnt generate in 2012 like 2011...a company can report a 1000% increase in PBT if its due to a non cash item i.e property revaluation...they will not pay a dividend until they sell that property and have the cash.

@the deal, what do you make of CIC? The numbers and strategy to SS and Uganda.
Back to top
 Report Abusive | Report SPAM
the deal
#18 Posted : Wednesday, March 27, 2013 9:32:01 PM
Rank: Elder


Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
PKoli wrote:
the deal wrote:
FYI: Look beyond the headline numbers...look at the cash flow statement...to pay a dividend...you need cash...which they didnt generate in 2012 like 2011...a company can report a 1000% increase in PBT if its due to a non cash item i.e property revaluation...they will not pay a dividend until they sell that property and have the cash.

@the deal, what do you make of CIC? The numbers and strategy to SS and Uganda.

The numbers where Ok...they were boosted by non cash items like property revaluations...I noticed that their claims ratio is deteriorating...I think that's a line item to watch...I think 2013 earnings will be key...as per the FY 12 numbers they don't have the NSE exposure so they're missing out on the current bull run...the expansion will face some teething problems...lets see 3 years in...overall CIC trades at a premium to its peers...I like the Liberty play...smile
Back to top
 Report Abusive | Report SPAM
mwekez@ji
#19 Posted : Wednesday, March 27, 2013 11:46:19 PM
Rank: Chief


Joined: 5/31/2011
Posts: 5,121
sib conclusion on FY12 Results analysis "... CIC remains expensive trading at a 47% and 26% premium to sector average PB and PE respectively. Against FY12 reported figures CIC currently trades at 8.52x PE 2.17x PB and 2% dividend yield (against sector average of 3%)."
Back to top
 Report Abusive | Report SPAM
hisah
#20 Posted : Thursday, March 28, 2013 12:31:21 PM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
mwekez@ji wrote:
sib conclusion on FY12 Results analysis "... CIC remains expensive trading at a 47% and 26% premium to sector average PB and PE respectively. Against FY12 reported figures CIC currently trades at 8.52x PE 2.17x PB and 2% dividend yield (against sector average of 3%)."

The market can be irrational longer than one can remain solvent...
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
Back to top
 Report Abusive | Report SPAM
Users browsing this topic
Guest (9)
2 Pages12>
Forum Jump  
You cannot post new topics in this forum.
You cannot reply to topics in this forum.
You cannot delete your posts in this forum.
You cannot edit your posts in this forum.
You cannot create polls in this forum.
You cannot vote in polls in this forum.

Wazua Investor Theme
Powered by YAF | YAF © 2003-2009, Yet Another Forum.NET
Copyright © 2025 Wazua.co.ke. All Rights Reserved.