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CIC FY 2012 pre-tax profit up 110%
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dunkang
#21 Posted : Thursday, March 28, 2013 2:05:47 PM
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Joined: 6/2/2011
Posts: 4,818
Location: -1.2107, 36.8831
hisah wrote:
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...


What mathematical calculations do speculators/traders use. These PB, PE, Div Yield are making me lose out on many money making opportunities.
Receive with simplicity everything that happens to you.” ― Rashi

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kazee
#22 Posted : Thursday, March 28, 2013 2:48:25 PM
Rank: Member


Joined: 9/18/2006
Posts: 131
dunkang wrote:
hisah wrote:
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...


What mathematical calculations do speculators/traders use. These PB, PE, Div Yield are making me lose out on many money making opportunities.


@dunkang. You made me smile right there. I also need the calculations. This PE business a'int working for me either Shame on you
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holycow
#23 Posted : Thursday, March 28, 2013 3:08:34 PM
Rank: Veteran


Joined: 11/11/2006
Posts: 972
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kazee wrote:
dunkang wrote:
hisah wrote:
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...


What mathematical calculations do speculators/traders use. These PB, PE, Div Yield are making me lose out on many money making opportunities.


@dunkang. You made me smile right there. I also need the calculations. This PE business a'int working for me either Shame on you


The PE will make you "secure" during bear runs. I also avoided it because of its "expensive" fundamentals.
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mwekez@ji
#24 Posted : Monday, April 01, 2013 1:15:53 AM
Rank: Chief


Joined: 5/31/2011
Posts: 5,121
holycow wrote:
kazee wrote:
dunkang wrote:
hisah wrote:
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...


What mathematical calculations do speculators/traders use. These PB, PE, Div Yield are making me lose out on many money making opportunities.


@dunkang. You made me smile right there. I also need the calculations. This PE business a'int working for me either Shame on you


The PE will make you "secure" during bear runs. I also avoided it because of its "expensive" fundamentals.


ditto @holycow, Fundamental Analysis (FA) is not to be thrown out of the window. The Technical Analyst (TA) @hisah et al can also attest. .... I tend to favour FA for in making decisions on long term holdings and FA cum TA in making decisions on short term holdings.
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mwekez@ji
#25 Posted : Monday, April 01, 2013 1:17:50 AM
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Joined: 5/31/2011
Posts: 5,121
Policyholders to own part of CIC in plan set for approval >>> http://www.businessdailyafrica....06/-/8qgl41/-/index.html
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hisah
#26 Posted : Monday, April 01, 2013 5:09:38 AM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
mwekez@ji wrote:
holycow wrote:
kazee wrote:
dunkang wrote:
hisah wrote:
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...


What mathematical calculations do speculators/traders use. These PB, PE, Div Yield are making me lose out on many money making opportunities.


@dunkang. You made me smile right there. I also need the calculations. This PE business a'int working for me either Shame on you


The PE will make you "secure" during bear runs. I also avoided it because of its "expensive" fundamentals.


ditto @holycow, Fundamental Analysis (FA) is not to be thrown out of the window. The Technical Analyst (TA) @hisah et al can also attest. .... I tend to favour FA for in making decisions on long term holdings and FA cum TA in making decisions on short term holdings.

Even TA doesn't support this counter. Less headroom than Jubilee, CFCI & Kenya Re or Britam. But mr market can be irrational esp when a counter is still new. CIC is still a new girl in town.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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murchr
#27 Posted : Monday, April 01, 2013 6:26:27 AM
Rank: Elder


Joined: 2/26/2012
Posts: 15,980
hisah wrote:

Even TA doesn't support this counter. Less headroom than Jubilee, CFCI & Kenya Re or Britam. But mr market can be irrational esp when a counter is still new. CIC is still a new girl in town.



Plus shes very easy to the eye smile love at 1st sight
"There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
.
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mwekez@ji
#28 Posted : Tuesday, April 02, 2013 9:55:20 AM
Rank: Chief


Joined: 5/31/2011
Posts: 5,121
hisah wrote:
mwekez@ji wrote:
holycow wrote:
kazee wrote:
dunkang wrote:
hisah wrote:
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...


What mathematical calculations do speculators/traders use. These PB, PE, Div Yield are making me lose out on many money making opportunities.


@dunkang. You made me smile right there. I also need the calculations. This PE business a'int working for me either Shame on you


The PE will make you "secure" during bear runs. I also avoided it because of its "expensive" fundamentals.


ditto @holycow, Fundamental Analysis (FA) is not to be thrown out of the window. The Technical Analyst (TA) @hisah et al can also attest. .... I tend to favour FA for in making decisions on long term holdings and FA cum TA in making decisions on short term holdings.

Even TA doesn't support this counter. Less headroom than Jubilee, CFCI & Kenya Re or Britam. But mr market can be irrational esp when a counter is still new. CIC is still a new girl in town.


FAs and TAs have agreed #Madness at this Counter
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theking
#29 Posted : Thursday, April 11, 2013 5:52:34 PM
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Joined: 1/25/2010
Posts: 344
serious resistance of this share at 5.70 - 6.00/= levels. So much supply suppressing it's the price
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Ericsson
#30 Posted : Friday, May 03, 2013 7:01:54 AM
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Joined: 12/4/2009
Posts: 10,702
Location: NAIROBI
Just read CIC Insurance annual report for 2012.The company recorded a big jump in premiums in the medical insurance business from ksh.519m to ksh.1.362B.
Seems the company is getting a big chunk of the medical insurance business from the likes of Jubilee.
This might be one of the reasons Jubilee insurance recorded a sluggish growth compared to the other insurance companies.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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hisah
#31 Posted : Friday, May 03, 2013 8:07:58 AM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
Ericsson wrote:
Just read CIC Insurance annual report for 2012.The company recorded a big jump in premiums in the medical insurance business from ksh.519m to ksh.1.362B.
Seems the company is getting a big chunk of the medical insurance business from the likes of Jubilee.
This might be one of the reasons Jubilee insurance recorded a sluggish growth compared to the other insurance companies.

Thanks. So this is what whacked my JHL play... Maybe I'm underrating this CIC kid too much. How much of this medical premium pie on the corporate side did CIC really chew off? And why would those corporates bail from JHL, which has a larger asset base than the new kid in town?
I thought CIC is a micro insurance outfit Think
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Ericsson
#32 Posted : Friday, May 03, 2013 12:05:26 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,702
Location: NAIROBI
@hisah Corporates will bail out coz of cost.The executive suite of Jubilee is more than that of CIC.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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