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CIC Group FY2014 results EPS down by 28%
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The optimist
#1 Posted : Friday, March 13, 2015 4:15:27 AM
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CIC Group 2014 EPS down by 28%




Dividends 10 cents
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holycow
#2 Posted : Friday, March 13, 2015 6:56:56 AM
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Seems a profit warning was almost in the offing.
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Kausha
#3 Posted : Friday, March 13, 2015 7:21:18 AM
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There should have been a profit warning. This is more than 25pct. Not suprised by the dip in performance.
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Gatheuzi
#4 Posted : Friday, March 13, 2015 7:25:56 AM
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That Medical insurance business was the culprit.
Time is money, so money is time. Money saved is time gained in reverse! Money stores your life’s energy. You expend your energy, get paid money, and store that money for a future purchase made in a currency.
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streetwise
#5 Posted : Friday, March 13, 2015 7:26:32 AM
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Not suprised at all but anyway...I ate
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jomari78
#6 Posted : Friday, March 13, 2015 7:29:41 AM
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No wonder the share price took a beating yesterday.
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whiteowl
#7 Posted : Friday, March 13, 2015 7:34:17 AM
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Do we still have that meager fine for failing to issue a profit warning?
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Gatheuzi
#8 Posted : Friday, March 13, 2015 7:37:51 AM
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43% growth in policyholder's claims more than knocked down the 35% growth in net earned premiums.
Time is money, so money is time. Money saved is time gained in reverse! Money stores your life’s energy. You expend your energy, get paid money, and store that money for a future purchase made in a currency.
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Pesa Nane
#9 Posted : Friday, March 13, 2015 7:41:15 AM
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Kausha wrote:
There should have been a profit warning. This is more than 25pct. Not suprised by the dip in performance.

Not really. Just about a 17% drop.
Pesa Nane plans to be shilingi when he grows up.
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Pesa Nane
#10 Posted : Friday, March 13, 2015 7:47:57 AM
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The optimist wrote:

Dividends 10 cents


Your 10 Cents will be paid 19 June 2015. Register closes 20 May 2015
Pesa Nane plans to be shilingi when he grows up.
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Sober
#11 Posted : Friday, March 13, 2015 8:14:16 AM
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Too challenges in the early days of the listing.. Loking at the cashflow i realise they borrowed 4.9 Billion in 2014 compared to Zero in the restated accounts for 2013
African parents don't know how to say sorry.. the closest you will get to a sorry is a 'have you eaten'
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Sober
#12 Posted : Friday, March 13, 2015 8:19:13 AM
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Pesa Nane wrote:
The optimist wrote:

Dividends 10 cents


Your 10 Cents will be paid 19 June 2015. Register closes 20 May 2015


The 10 cents dividend totals Ksh 261 million compared to 217 million in 2013 meaning things are better for shareholders this year than it was last year (20% higher)
African parents don't know how to say sorry.. the closest you will get to a sorry is a 'have you eaten'
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instinct
#13 Posted : Friday, March 13, 2015 8:30:14 AM
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enough guys, you dont have to rub it in. In other news this share is worth 4bob...
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Ericsson
#14 Posted : Friday, March 13, 2015 8:32:00 AM
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The borrowing of ksh.409bn in 2014 is the corporate bond they issued
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Mucene
#15 Posted : Friday, March 13, 2015 9:07:26 AM
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Gatheuzi wrote:
43% growth in policyholder's claims more than knocked down the 35% growth in net earned premiums.


And a 42% increase in operating and other expenses and you wonder whats going on here. Hope the directors got a pay cut
If you don't want to go to plan B have a good plan A.
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Ericsson
#16 Posted : Friday, March 13, 2015 9:16:22 AM
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sh.4.9bn and not 409bn
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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maka
#17 Posted : Friday, March 13, 2015 9:27:41 AM
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What has happened to the results?
possunt quia posse videntur
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mlennyma
#18 Posted : Friday, March 13, 2015 10:21:58 AM
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maka wrote:
What has happened to the results?

you cannot rule out massive medical fraud top management needs private investigation
"Don't let the fear of losing be greater than the excitement of winning."
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mlennyma
#19 Posted : Friday, March 13, 2015 10:24:02 AM
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Iam holding my breath on liberty.
"Don't let the fear of losing be greater than the excitement of winning."
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maka
#20 Posted : Friday, March 13, 2015 10:26:04 AM
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mlennyma wrote:
maka wrote:
What has happened to the results?

you cannot rule out massive medical fraud top management needs private investigation


NSE has recalled the results or what am I hearing?
possunt quia posse videntur
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