wazua Mon, Jan 13, 2025
Welcome Guest Search | Active Topics | Log In | Register

CIC's 1H 2014 pbt jumps 67%
Options
Previous Topic · Next Topic
mlennyma
#1 Posted : Friday, August 15, 2014 11:59:06 AM
Rank: Elder


Joined: 7/21/2010
Posts: 6,183
Location: nairobi
http://mobile.reuters.co...N0QL0Y020140815?irpc=932
"Don't let the fear of losing be greater than the excitement of winning."
Back to top
WWW
 Report Abusive | Report SPAM | Edit by moderator: Friday, August 15, 2014 2:04 PM | Reason: title case
Magnate
#2 Posted : Friday, August 15, 2014 12:36:14 PM
Rank: Member


Joined: 11/1/2013
Posts: 257
PBT +67%
PAT +296%
EPS +200%
Current price 9.30
Demand 806,200
Supply 557,100

Full report here
http://www.rich.co.ke/me...lf%20Year%20Results.pdf

No diagnosis,no pragnosis,no pragnosis no profit......Jesse livermore
Back to top
 Report Abusive | Report SPAM | Edit by user: Friday, August 15, 2014 12:56 PM | Reason: Not specified
Wondergirl
#3 Posted : Friday, August 15, 2014 12:51:44 PM
Rank: Member


Joined: 9/12/2009
Posts: 312
Magnate wrote:
PBT +67%
PAT +296%
EPS +200%
Current price 9.30
Demand 806,200
Supply 557,100

Full report here
http://www.rich.co.ke/me...lf%20Year%20Results.pdf

Its a Buy for me,

Magnate, were bonuses uploaded yet?
Back to top
 Report Abusive | Report SPAM
littledove
#4 Posted : Friday, August 15, 2014 1:09:43 PM
Rank: Veteran


Joined: 7/1/2014
Posts: 903
Location: sky
Magnate wrote:
PBT +67%
PAT +296%
EPS +200%
Current price 9.30
Demand 806,200
Supply 557,100

Full report here
http://www.rich.co.ke/me...lf%20Year%20Results.pdf


good results, but these will likely be an exit trap.let see the volumes and price movement for the next few weeks
There are only two emotions in the stock market, fear and hope. The problem is, you hope when you should fear and fear when you should hope
Back to top
WWW
 Report Abusive | Report SPAM
Magnate
#5 Posted : Friday, August 15, 2014 1:18:03 PM
Rank: Member


Joined: 11/1/2013
Posts: 257
Wondergirl wrote:
[quote=Magnate]PBT +67%
PAT +296%
EPS +200%
Current price 9.30
Demand 806,200
Supply 557,100

Full report here
http://www.rich.co.ke/me...lf%20Year%20Results.pdf

Magnate, were bonuses uploaded yet?


I dont have that info at the moment
No diagnosis,no pragnosis,no pragnosis no profit......Jesse livermore
Back to top
 Report Abusive | Report SPAM
muganda
#6 Posted : Friday, August 15, 2014 2:49:23 PM
Rank: Elder


Joined: 9/15/2006
Posts: 3,905


If this is fundamentally true, it is outrightly dishonest. Makes one wonder the prudence in choosing CIC as an investment; speculation yes but definitely not a first-rate management move.
Back to top
 Report Abusive | Report SPAM
VituVingiSana
#7 Posted : Friday, August 15, 2014 2:50:31 PM
Rank: Chief


Joined: 1/3/2007
Posts: 18,121
Location: Nairobi
@sang252 (who knows what he is talking about) says that CIC restated 2013's profits significantly downwards so the PAT x3 is not what it is claimed to be.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Back to top
 Report Abusive | Report SPAM
Mart_Consult
#8 Posted : Friday, August 15, 2014 5:13:12 PM
Rank: Member


Joined: 11/7/2013
Posts: 127
Location: Nairobi, Kenya
VituVingiSana wrote:
@sang252 (who knows what he is talking about) says that CIC restated 2013's profits significantly downwards so the PAT x3 is not what it is claimed to be.



@VVS Separation of life and general insurance businesses possibly?
I went into the (Ferry) industry knowing the same thing I knew with all other businesses I went into- Nothing. Then I built it from there. - Sheldon Adelson (Titans at the Table- Giants of Macau)
Back to top
 Report Abusive | Report SPAM
maka
#9 Posted : Friday, August 15, 2014 7:39:00 PM
Rank: Elder


Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
muganda wrote:


If this is fundamentally true, it is outrightly dishonest. Makes one wonder the prudence in choosing CIC as an investment; speculation yes but definitely not a first-rate management move.


I believe it happens a lot,now imagine what a green investor would think of the results,we need to grow up as an exchange,people need to be held accountable...it may be well within the appropriate accounting standards but it's wrong ethically.
possunt quia posse videntur
Back to top
 Report Abusive | Report SPAM
MINT MIST
#10 Posted : Saturday, August 16, 2014 9:57:32 AM
Rank: Hello


Joined: 8/16/2014
Posts: 5
Things are thickkkkkk the hello in me,saw the thread headline-CIC's 1H 2014 pbt jumps 67% -and my heart skippd a bit,with excitment but now after wazuaing..yaani they have done that..wolololo my simple maths tells me that the profits jumped downwards -suicidal ..by 68%
will they also restate end of year resualts?????????????
Back to top
 Report Abusive | Report SPAM
Magnate
#11 Posted : Monday, August 18, 2014 4:04:29 PM
Rank: Member


Joined: 11/1/2013
Posts: 257
maka wrote:
muganda wrote:


If this is fundamentally true, it is outrightly dishonest. Makes one wonder the prudence in choosing CIC as an investment; speculation yes but definitely not a first-rate management move.


I believe it happens a lot,now imagine what a green investor would think of the results,we need to grow up as an exchange,people need to be held accountable...it may be well within the appropriate accounting standards but it's wrong ethically.


reporting restated results with no explanation & without mentioning the original numbers is misleading the public.Hope they shed more light
No diagnosis,no pragnosis,no pragnosis no profit......Jesse livermore
Back to top
 Report Abusive | Report SPAM | Edit by user: Monday, August 18, 2014 4:26 PM | Reason: Not specified
VituVingiSana
#12 Posted : Monday, August 18, 2014 6:33:32 PM
Rank: Chief


Joined: 1/3/2007
Posts: 18,121
Location: Nairobi
The explanation https://twitter.com/CICI...386913199427584/photo/1 What @sang252 had argued was they CIC should have reported both what they reported AND the restated numbers for a better comparison by shareholders
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Back to top
 Report Abusive | Report SPAM
muganda
#13 Posted : Tuesday, August 19, 2014 5:34:12 AM
Rank: Elder


Joined: 9/15/2006
Posts: 3,905
A lot of language that dampens the triumphant blast of 67% growth in earnings; which is now primarily due to accounting entries
Back to top
 Report Abusive | Report SPAM
Wondergirl
#14 Posted : Wednesday, August 20, 2014 10:46:14 AM
Rank: Member


Joined: 9/12/2009
Posts: 312
muganda wrote:
A lot of language that dampens the triumphant blast of 67% growth in earnings; which is now primarily due to accounting entries



I was actually expecting the price to go down once the bonuses gets uploaded. surprise suprise...
Back to top
 Report Abusive | Report SPAM
whiteowl
#15 Posted : Wednesday, August 20, 2014 12:12:19 PM
Rank: Veteran


Joined: 4/16/2014
Posts: 1,420
Location: Bohemian Grove
muganda wrote:
A lot of language that dampens the triumphant blast of 67% growth in earnings; which is now primarily due to accounting entries


I knew it was in line with accounting standards. it always issmile
Back to top
 Report Abusive | Report SPAM
Users browsing this topic
Guest (4)
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.