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CIC Group FY2014 results EPS down by 28%
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mlennyma
#21 Posted : Friday, March 13, 2015 10:32:44 AM
Rank: Elder


Joined: 7/21/2010
Posts: 6,183
Location: nairobi
maka wrote:
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?

whether true or not this pple cant escape a penalty for ignoring profit warning, if indeed their profit dip is above 25%
"Don't let the fear of losing be greater than the excitement of winning."
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maka
#22 Posted : Friday, March 13, 2015 10:38:33 AM
Rank: Elder


Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
mlennyma wrote:
Iam holding my breath on liberty.


Liberty will be good...smile
possunt quia posse videntur
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Pesa Nane
#23 Posted : Friday, March 13, 2015 10:42:11 AM
Rank: Elder


Joined: 5/25/2012
Posts: 4,105
Location: 08c
maka wrote:
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?

nishto - ништо - They have uploaded them on their site HERE

Pesa Nane plans to be shilingi when he grows up.
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Pesa Nane
#24 Posted : Friday, March 13, 2015 10:56:48 AM
Rank: Elder


Joined: 5/25/2012
Posts: 4,105
Location: 08c
mlennyma wrote:
maka wrote:
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?

whether true or not this pple cant escape a penalty for ignoring profit warning, if indeed their profit dip is above 25%


It is ONLY the EPS that is 28% down, not the PROFIT.

PBT Ksh. 1.39Bn Vs Ksh 1.67Bn Down 17%

PAT Ksh. 1.09Bn Vs Ksh. 1.30Bn Down 17%

Comprehensive Income Ksh. 1.12Bn Vs Ksh 1.36Bn Down 17.5%




Pesa Nane plans to be shilingi when he grows up.
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mlennyma
#25 Posted : Friday, March 13, 2015 11:01:13 AM
Rank: Elder


Joined: 7/21/2010
Posts: 6,183
Location: nairobi
Pesa Nane wrote:
mlennyma wrote:
maka wrote:
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?

whether true or not this pple cant escape a penalty for ignoring profit warning, if indeed their profit dip is above 25%


It is ONLY the EPS that is 28% down, not the PROFIT.

PBT Ksh. 1.39Bn Vs Ksh 1.67Bn Down 17%

PAT Ksh. 1.09Bn Vs Ksh. 1.30Bn Down 17%

Comprehensive Income Ksh. 1.12Bn Vs Ksh 1.36Bn Down 17.5%





smile they are safe, but mr,market is caning them hard
"Don't let the fear of losing be greater than the excitement of winning."
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Ericsson
#26 Posted : Friday, March 13, 2015 11:03:34 AM
Rank: Elder


Joined: 12/4/2009
Posts: 10,702
Location: NAIROBI
Just from perusing the trading results and balance sheet and following are highlights;
-23% growth in gross premiums
-Associate (Takaful insurance)is now in the profit zone with CIC booking a profit of sh.7.682mn based on the stake it owns.
-There was a ksh.6bn investment in the course of the year
-Company is sitting on a big cash pile with deposits with financial institutions at ksh.8.5bn.Cash and bank balances at ksh.559mn
-An increase in the amount of money invested in equities
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Boris Boyka
#27 Posted : Friday, March 13, 2015 11:04:33 AM
Rank: Veteran


Joined: 11/15/2013
Posts: 1,977
Location: Here
mlennyma wrote:
Pesa Nane wrote:
mlennyma wrote:
maka wrote:
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?

whether true or not this pple cant escape a penalty for ignoring profit warning, if indeed their profit dip is above 25%


It is ONLY the EPS that is 28% down, not the PROFIT.

PBT Ksh. 1.39Bn Vs Ksh 1.67Bn Down 17%

PAT Ksh. 1.09Bn Vs Ksh. 1.30Bn Down 17%

Comprehensive Income Ksh. 1.12Bn Vs Ksh 1.36Bn Down 17.5%





smile they are safe, but mr,market is caning them hard

smile It is raining on me! though am safe upto 7.50/-
Everybody STEALS, a THIEF is one who's CAUGHT stealing something of LITTLE VALUE. !!!
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Boris Boyka
#28 Posted : Friday, March 13, 2015 11:10:20 AM
Rank: Veteran


Joined: 11/15/2013
Posts: 1,977
Location: Here
Ericsson wrote:
Just from perusing the trading results and balance sheet and following are highlights;
-23% growth in gross premiums
-Associate (Takaful insurance)is now in the profit zone with CIC booking a profit of sh.7.682mn based on the stake it owns.
-There was a ksh.6bn investment in the course of the year
-Company is sitting on a big cash pile with deposits with financial institutions at ksh.8.5bn.Cash and bank balances at ksh.559mn
-An increase in the amount of money invested in equities

when they rectify on medical....we shall have good half year. Such a drop is advantageous as a jump is imminent nxt fy.
Everybody STEALS, a THIEF is one who's CAUGHT stealing something of LITTLE VALUE. !!!
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Sober
#29 Posted : Friday, March 13, 2015 11:12:11 AM
Rank: Elder


Joined: 11/27/2007
Posts: 3,604
Boris Boyka wrote:
mlennyma wrote:
Pesa Nane wrote:
mlennyma wrote:
maka wrote:
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?

whether true or not this pple cant escape a penalty for ignoring profit warning, if indeed their profit dip is above 25%


It is ONLY the EPS that is 28% down, not the PROFIT.

PBT Ksh. 1.39Bn Vs Ksh 1.67Bn Down 17%

PAT Ksh. 1.09Bn Vs Ksh. 1.30Bn Down 17%

Comprehensive Income Ksh. 1.12Bn Vs Ksh 1.36Bn Down 17.5%





smile they are safe, but mr,market is caning them hard

smile It is raining on me! though am safe upto 7.50/-


We have a low of 9.00 and high of 10.00 I thought under the given circumstance the 10% rule is to be lifted on this counter today
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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Boris Boyka
#30 Posted : Friday, March 13, 2015 11:12:28 AM
Rank: Veteran


Joined: 11/15/2013
Posts: 1,977
Location: Here
instinct wrote:
enough guys, you dont have to rub it in. In other news this share is worth 4bob...

which weed are you smoking?? If from cementary ongeza maziwa.
Everybody STEALS, a THIEF is one who's CAUGHT stealing something of LITTLE VALUE. !!!
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the deal
#31 Posted : Friday, March 13, 2015 12:11:05 PM
Rank: Elder


Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
Very poor results...past financial results have been restated...I hope the new MD cleans up this company! Current business model not sustainable...underwriting margins have been on the decline since listing.
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Akenyan2014
#32 Posted : Friday, March 13, 2015 1:40:54 PM
Rank: Member


Joined: 5/6/2014
Posts: 268
Location: Nairobi, Kenya
the deal wrote:
Very poor results...past financial results have been restated...I hope the new MD cleans up this company! Current business model not sustainable...underwriting margins have been on the decline since listing.


Many companies have reported reduced profitability, including the all powerful Panafrican. CIC did't do so well but it avoided a loss. If it is about some corruption I think there will be a remedy to seal the loophole once the consultant finishes her work. I cannot sell this one for now
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Boris Boyka
#33 Posted : Friday, March 13, 2015 1:43:07 PM
Rank: Veteran


Joined: 11/15/2013
Posts: 1,977
Location: Here
Akenyan2014 wrote:
the deal wrote:
Very poor results...past financial results have been restated...I hope the new MD cleans up this company! Current business model not sustainable...underwriting margins have been on the decline since listing.


Many companies have reported reduced profitability, including the all powerful Panafrican. CIC did't do so well but it avoided a loss. If it is about some corruption I think there will be a remedy to seal the loophole once the consultant finishes her work. I cannot sell this one for now

Applause Applause smile
Everybody STEALS, a THIEF is one who's CAUGHT stealing something of LITTLE VALUE. !!!
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mlennyma
#34 Posted : Friday, March 13, 2015 1:53:10 PM
Rank: Elder


Joined: 7/21/2010
Posts: 6,183
Location: nairobi
I was crying to be picked at 10bob but now iam refusing to board and boris boyka is a witness to this.
"Don't let the fear of losing be greater than the excitement of winning."
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Ericsson
#35 Posted : Friday, March 13, 2015 2:26:48 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,702
Location: NAIROBI
Now let's wait for the sister company.It's results are long overdue.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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odiepe59
#36 Posted : Friday, March 13, 2015 2:31:42 PM
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Joined: 3/13/2015
Posts: 1
Its not that bad...will hold on
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mlennyma
#37 Posted : Friday, March 13, 2015 2:43:32 PM
Rank: Elder


Joined: 7/21/2010
Posts: 6,183
Location: nairobi
odiepe59 wrote:
Its not that bad...will hold on

i believe the share will still find a good low sub 9 before the storm dies out
"Don't let the fear of losing be greater than the excitement of winning."
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murchr
#38 Posted : Friday, March 13, 2015 4:24:31 PM
Rank: Elder


Joined: 2/26/2012
Posts: 15,980
the deal wrote:
Very poor results...past financial results have been restated...I hope the new MD cleans up this company! Current business model not sustainable...underwriting margins have been on the decline since listing.


Its been a minute boss. Welcome back!
"There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
.
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the deal
#39 Posted : Friday, March 13, 2015 7:34:57 PM
Rank: Elder


Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
murchr wrote:
the deal wrote:
Very poor results...past financial results have been restated...I hope the new MD cleans up this company! Current business model not sustainable...underwriting margins have been on the decline since listing.


Its been a minute boss. Welcome back!

Thanks Boss...just got busy but I'm back to the republic of wazua smile
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Pesa Nane
#40 Posted : Wednesday, April 29, 2015 11:28:08 PM
Rank: Elder


Joined: 5/25/2012
Posts: 4,105
Location: 08c
Quote:
NOTICE IS HEREBY GIVEN that the Thirty Seventh (37th) AGM of CIC INSURANCE GROUP LIMITED will be held at the KICC amphitheatre, on 22nd May 2015 at 10.00am to transact the following business:-
.....

3. To declare a first and final dividend of Kshs. 0.10 per share in respect of the year ended 31st December 2014, to be paid to the shareholders appearing on the Register of Members at the close of business on 19th June 2015.

Was that a typo or a change of register closure dates as announced with the results??
Pesa Nane plans to be shilingi when he grows up.
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