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CIC's 1H 2014 pbt jumps 67%
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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
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VituVingiSana
#12 Posted : Monday, August 18, 2014 6:33:32 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,356
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
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muganda
#13 Posted : Tuesday, August 19, 2014 5:34:12 AM
Rank: Elder

Joined: 9/15/2006
Posts: 3,907
A lot of language that dampens the triumphant blast of 67% growth in earnings; which is now primarily due to accounting entries
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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...
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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
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