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CIC FY 2013 results not that good
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Ericsson
#21 Posted : Wednesday, March 12, 2014 7:18:28 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,809
Location: NAIROBI
@mwekez@ji;
The below par in financial performance was due to the newly medical insurance business which they have given steps on how they plan to improve on it
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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uchumi
#22 Posted : Wednesday, March 12, 2014 7:18:33 PM
Rank: Member

Joined: 9/16/2006
Posts: 234
Good stock for 2 to 3 years to come.
“I don’t regret the things I’ve done, I regret the things I didn’t do when I had the chance.”
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mwekez@ji
#23 Posted : Wednesday, March 12, 2014 7:31:00 PM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
@Ericsson, that medical insurance aint a work in the park and will not be as easy as the abc steps they are putting. Look at the experienced Panafric, the saving grace is usually the investments in good years
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Ericsson
#24 Posted : Wednesday, March 12, 2014 7:38:58 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,809
Location: NAIROBI
@mwekez@ji;
Look at my points on real estate.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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mwekez@ji
#25 Posted : Wednesday, March 12, 2014 8:03:51 PM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
That is welcome @Ericsson. Hope you aint rating this share a BUY
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muganda
#26 Posted : Wednesday, March 12, 2014 9:02:51 PM
Rank: Elder

Joined: 9/15/2006
Posts: 3,907
Some two very pertinent questions....

Sunil Sanger @sang252
NSE20 Index up 20%, bond yields above 10%, how did @CICInsurancemanage 4% drop in Investment income in 2013? @SterlingNairobi @nderi_

Wonder why @CICInsurance trades at higher multiples than associate@Coopbankenya, which should report growth in PAT of 15%+
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Magnate
#27 Posted : Wednesday, March 12, 2014 9:16:27 PM
Rank: Member

Joined: 11/1/2013
Posts: 257
Single digit PAT growth was expected from the poor single digit H1 %PAT results.

FY Profit before Tax 1.6b versus 1.6b
FY Profit after Tax 1.4b versus 1.3b +1.4%
FY EPS 0.67 versus 0.64 +4.6%
Final Dividend 10 cents a share.

i expect better results from sameer africa which are currently trading at similar prices
No diagnosis,no pragnosis,no pragnosis no profit......Jesse livermore
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  | | Edit by user: Wednesday, March 12, 2014 9:17 PM | Reason: Not specified
Ericsson
#28 Posted : Thursday, March 13, 2014 10:20:27 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,809
Location: NAIROBI
@mwekez@ji;
I give it a buy recommendation and a price target of ksh.8
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Aguytrying
#29 Posted : Thursday, March 13, 2014 10:57:37 AM
Rank: Elder

Joined: 7/11/2010
Posts: 5,040
Ericsson wrote:
@mwekez@ji;
I give it a buy recommendation and a price target of ksh.8


Its at its peak now the only way is down in the short to medium term. I dare predict. Worth a look at 4.00
The investor's chief problem - and even his worst enemy - is likely to be himself
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FUNKY
#30 Posted : Thursday, March 13, 2014 11:35:45 AM
Rank: Veteran

Joined: 4/30/2010
Posts: 1,635
Any information on share of profit from associate ( co op bank )?
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