Wazua
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CIC FY 2013 results not that good
Rank: Elder Joined: 2/10/2007 Posts: 1,587
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georgegop wrote:And the price is going up up up up.... Future is bright for CIC. Been in it since first OTC listing and I am happy.
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Rank: Member Joined: 1/14/2014 Posts: 178
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Enjoying the ride. Not sure of the destination though. Go for a business that any idiot can run – because sooner or later, any idiot is probably going to run it – Peter Lynch
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Rank: Veteran Joined: 8/11/2010 Posts: 1,011 Location: nairobi
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PKoli wrote:georgegop wrote:And the price is going up up up up.... Future is bright for CIC. Been in it since first OTC listing and I am happy. @Pkoli ditto and thanks big,long live wazua
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Rank: Member Joined: 1/13/2014 Posts: 386 Location: Denmark
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Considering the friday effect on the bourse.. not bad.  Seeing is believing
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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It is interesting after the listing high of 5.25 and crash to 3.10 then rally back to 5.80 and retrace back to 4.50, this counter has been bullish since. As per cartoons, the breakout from 6/- was going to be furious since 5.25 and 5.80 had proved to be tough resistance layers. Using the fibo tool, when measure from 4.50, the counter today has printed a high of 7.80 which is a 100% fibo level. If bulls can keep up, the next extension 123.6% will see the price hit 8.50 and at 138.2% extension the price will scale 9/-. The market being what it is always tends to behave beyond reason and it is getting frothy at these levels as bulls chase the bonus issue... @metaspoilt - this one has played out nice for a trader's game. @stockhunter - what is your profit take. Are you in the long haul? If yes, no need to answer, but if you have recovered your capital like @pkoli and @bartum, then selling some is not a bad idea. $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Elder Joined: 12/4/2009 Posts: 10,702 Location: NAIROBI
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Now let me wait for the next money maker listing i.e UAP Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Veteran Joined: 3/26/2012 Posts: 985 Location: Dar es salaam,Tanzania
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hisah wrote:It is interesting after the listing high of 5.25 and crash to 3.10 then rally back to 5.80 and retrace back to 4.50, this counter has been bullish since.
As per cartoons, the breakout from 6/- was going to be furious since 5.25 and 5.80 had proved to be tough resistance layers. Using the fibo tool, when measure from 4.50, the counter today has printed a high of 7.80 which is a 100% fibo level. If bulls can keep up, the next extension 123.6% will see the price hit 8.50 and at 138.2% extension the price will scale 9/-. The market being what it is always tends to behave beyond reason and it is getting frothy at these levels as bulls chase the bonus issue...
@metaspoilt - this one has played out nice for a trader's game.
@stockhunter - what is your profit take. Are you in the long haul? If yes, no need to answer, but if you have recovered your capital like @pkoli and @bartum, then selling some is not a bad idea. I have played it thrice since you hinted at the buy signal at the 4.7 level #Many Thanks
“The pessimist complains about the wind; the optimist expects it to change; the realist adjusts the sails.”
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Rank: Elder Joined: 7/11/2012 Posts: 5,222
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Metasploit wrote:hisah wrote:It is interesting after the listing high of 5.25 and crash to 3.10 then rally back to 5.80 and retrace back to 4.50, this counter has been bullish since.
As per cartoons, the breakout from 6/- was going to be furious since 5.25 and 5.80 had proved to be tough resistance layers. Using the fibo tool, when measure from 4.50, the counter today has printed a high of 7.80 which is a 100% fibo level. If bulls can keep up, the next extension 123.6% will see the price hit 8.50 and at 138.2% extension the price will scale 9/-. The market being what it is always tends to behave beyond reason and it is getting frothy at these levels as bulls chase the bonus issue...
@metaspoilt - this one has played out nice for a trader's game.
@stockhunter - what is your profit take. Are you in the long haul? If yes, no need to answer, but if you have recovered your capital like @pkoli and @bartum, then selling some is not a bad idea. I have played it thrice since you hinted at the buy signal at the 4.7 level #Many Thanks @Hisah, Even I say 'Thank you' For a minute there I'd doubted your 8 - 8.30 prediction. You were silent went it began going on reverse immediately after the results.
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Rank: Member Joined: 1/16/2014 Posts: 114
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hisah wrote:It is interesting after the listing high of 5.25 and crash to 3.10 then rally back to 5.80 and retrace back to 4.50, this counter has been bullish since.
As per cartoons, the breakout from 6/- was going to be furious since 5.25 and 5.80 had proved to be tough resistance layers. Using the fibo tool, when measure from 4.50, the counter today has printed a high of 7.80 which is a 100% fibo level. If bulls can keep up, the next extension 123.6% will see the price hit 8.50 and at 138.2% extension the price will scale 9/-. The market being what it is always tends to behave beyond reason and it is getting frothy at these levels as bulls chase the bonus issue...
@metaspoilt - this one has played out nice for a trader's game.
@stockhunter - what is your profit take. Are you in the long haul? If yes, no need to answer, but if you have recovered your capital like @pkoli and @bartum, then selling some is not a bad idea. @Hisah following your analysis (and am very grateful ), I amended the sell price from 7.50 to 8 bob and the amount I want to sell is just sufficient to recover my capital the balance, which is the profit I will regard it as free shares and forget about them for the next several years. how is the out look on the EAPORT after solving their domestics, looks like they are the next bus to me even though the sellers are very stingy ati the only amount available is quantity 100 @ 95. fear makes people live a miserable life.
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Rank: Elder Joined: 2/10/2007 Posts: 1,587
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hisah wrote:It is interesting after the listing high of 5.25 and crash to 3.10 then rally back to 5.80 and retrace back to 4.50, this counter has been bullish since.
As per cartoons, the breakout from 6/- was going to be furious since 5.25 and 5.80 had proved to be tough resistance layers. Using the fibo tool, when measure from 4.50, the counter today has printed a high of 7.80 which is a 100% fibo level. If bulls can keep up, the next extension 123.6% will see the price hit 8.50 and at 138.2% extension the price will scale 9/-. The market being what it is always tends to behave beyond reason and it is getting frothy at these levels as bulls chase the bonus issue...
@metaspoilt - this one has played out nice for a trader's game.
@stockhunter - what is your profit take. Are you in the long haul? If yes, no need to answer, but if you have recovered your capital like @pkoli and @bartum, then selling some is not a bad idea. @ Hisa, Thanks, I did sell some (50%) when the shares started trading after listing. Now can't complain much. I should hold onto the remaining and see how the regional expansion strategy will entail. If growth in dividends is enticing I should keep the stock, maybe for my daughter's university fees, 8 years from now.
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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stockshunter wrote:hisah wrote:It is interesting after the listing high of 5.25 and crash to 3.10 then rally back to 5.80 and retrace back to 4.50, this counter has been bullish since.
As per cartoons, the breakout from 6/- was going to be furious since 5.25 and 5.80 had proved to be tough resistance layers. Using the fibo tool, when measure from 4.50, the counter today has printed a high of 7.80 which is a 100% fibo level. If bulls can keep up, the next extension 123.6% will see the price hit 8.50 and at 138.2% extension the price will scale 9/-. The market being what it is always tends to behave beyond reason and it is getting frothy at these levels as bulls chase the bonus issue...
@metaspoilt - this one has played out nice for a trader's game.
@stockhunter - what is your profit take. Are you in the long haul? If yes, no need to answer, but if you have recovered your capital like @pkoli and @bartum, then selling some is not a bad idea. @Hisah following your analysis (and am very grateful ), I amended the sell price from 7.50 to 8 bob and the amount I want to sell is just sufficient to recover my capital the balance, which is the profit I will regard it as free shares and forget about them for the next several years. how is the out look on the EAPORT after solving their domestics, looks like they are the next bus to me even though the sellers are very stingy ati the only amount available is quantity 100 @ 95. EAPORT still bullish, but a lot of resistance all the way to 120 if you look at the long term charts. But like MSC, I don't like the politricks involved and not keen about it.$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Veteran Joined: 3/26/2012 Posts: 985 Location: Dar es salaam,Tanzania
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Bulls are crazy on this one!!!!!!!!!!!!!!
“The pessimist complains about the wind; the optimist expects it to change; the realist adjusts the sails.”
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Rank: Elder Joined: 12/7/2012 Posts: 11,908
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8 bob in the horizon, crazy! In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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Rank: Member Joined: 1/14/2014 Posts: 178
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Where is this thing headed??? Go for a business that any idiot can run – because sooner or later, any idiot is probably going to run it – Peter Lynch
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Rank: Elder Joined: 12/4/2009 Posts: 10,702 Location: NAIROBI
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ksh.8+++ like I mentioned last week. After bonus it will come down to ksh.7 Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Veteran Joined: 8/11/2010 Posts: 1,011 Location: nairobi
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Ericsson wrote:ksh.8+++ like I mentioned last week.
After bonus it will come down to ksh.7 where else can we get another coop and cic
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Rank: Elder Joined: 12/4/2009 Posts: 10,702 Location: NAIROBI
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Kenya Reinsurance. they will also issue a bonus share when they announce full year 2013 results Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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I can see the parent (coop) has decided to also issue bonus shares plus dividends. Very interesting this two (cic and coop). Since the simba and memba have been disappointing, I expect some defections (speculators) from those camps to jump onto coop and push it above all time highs (21). $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Elder Joined: 12/4/2009 Posts: 10,702 Location: NAIROBI
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mwekez@ji; CIC Insurance has signed a deal with Malawi Union of Savings and Credit Co-operatives (Muscco) to start an insurance firm in Malawi. CIC and Muscco hold a 49 per cent stake each in the operation with an unnamed third institutional investor set to take the remaining two per cent equity. CIC’s capital contribution stands at Sh300 million, with the Malawian insurer set to open its doors from July http://www.businessdaily...6/-/flii06z/-/index.htmlWealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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Ericsson wrote:mwekez@ji; CIC Insurance has signed a deal with Malawi Union of Savings and Credit Co-operatives (Muscco) to start an insurance firm in Malawi. CIC and Muscco hold a 49 per cent stake each in the operation with an unnamed third institutional investor set to take the remaining two per cent equity. CIC’s capital contribution stands at Sh300 million, with the Malawian insurer set to open its doors from July http://www.businessdailyafrica....6/-/flii06z/-/index.html
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