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CIC 2015 half year results
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Ericsson
#1 Posted : Friday, July 31, 2015 10:22:50 AM
Rank: Elder


Joined: 12/4/2009
Posts: 10,702
Location: NAIROBI
Key Highlights Half Year 2014 vs Half year 2015
Gross written premiums increased by 15% from ksh 5.913bn to 6.93bn.
Investment and other income increased by 134% from ksh 0.5bn to ksh 1.35bn
Claims incurred decreased by 4% to ksh 4.3bn from sh.4.5bn
Operating expenses rose by 27% from ksh 1.834bn to ksh 2.332bn
Profits before tax increased from ksh 154,360 to ksh 269,284
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Pesa Nane
#2 Posted : Friday, July 31, 2015 10:40:32 AM
Rank: Elder


Joined: 5/25/2012
Posts: 4,105
Location: 08c
Pesa Nane plans to be shilingi when he grows up.
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researchfirst
#3 Posted : Friday, July 31, 2015 10:45:09 AM
Rank: Member


Joined: 2/24/2015
Posts: 154
Location: Nairobi
Download full results here: http://ge.tt/29lBJPL2/v/2
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Pesa Nane
#4 Posted : Friday, July 31, 2015 10:51:24 AM
Rank: Elder


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

Pesa Nane plans to be shilingi when he grows up.
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Pesa Nane
#5 Posted : Friday, July 31, 2015 10:53:07 AM
Rank: Elder


Joined: 5/25/2012
Posts: 4,105
Location: 08c
OUTLOOK
Quote:
Way Forward
The group continues to pursue the realisation of its business transformation that will enhance the efficiency of the business processes and reduce costs. Our regional businesses in South Sudan and Uganda are settling in well.
ImplemeNtation of a new medical system is underway and is expected to enhance our operations and provide superior services to our clients.
Pesa Nane plans to be shilingi when he grows up.
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hisah
#6 Posted : Friday, July 31, 2015 3:50:42 PM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
Ericsson wrote:
Key Highlights Half Year 2014 vs Half year 2015
Gross written premiums increased by 15% from ksh 5.913bn to 6.93bn.
Investment and other income increased by 134% from ksh 0.5bn to ksh 1.35bn
Claims incurred decreased by 4% to ksh 4.3bn from sh.4.5bn
Operating expenses rose by 27% from ksh 1.834bn to ksh 2.332bn
Profits before tax increased from ksh 154,360 to ksh 269,284

PBT up 74.5%
PAT up 51.3%
EPS up 33.3%

Quite solid a rebound, What investments do they hold that raked in 134% growth? These can't be equity holdings. Going forward how will H2 fair in an environment where CBK is tightening liquidity with vigour? Will they report such rosy figures or will H2 get squeezed and crimp FY results?
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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bartum
#7 Posted : Friday, July 31, 2015 4:02:49 PM
Rank: Veteran


Joined: 8/11/2010
Posts: 1,011
Location: nairobi
hisah wrote:
Ericsson wrote:
Key Highlights Half Year 2014 vs Half year 2015
Gross written premiums increased by 15% from ksh 5.913bn to 6.93bn.
Investment and other income increased by 134% from ksh 0.5bn to ksh 1.35bn
Claims incurred decreased by 4% to ksh 4.3bn from sh.4.5bn
Operating expenses rose by 27% from ksh 1.834bn to ksh 2.332bn
Profits before tax increased from ksh 154,360 to ksh 269,284

PBT up 74.5%
PAT up 51.3%
EPS up 33.3%

Quite solid a rebound, What investments do they hold that raked in 134% growth? These can't be equity holdings. Going forward how will H2 fair in an environment where CBK is tightening liquidity with vigour? Will they report such rosy figures or will H2 get squeezed and crimp FY results?


@hisah they are not heavily invested in equity,
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hisah
#8 Posted : Friday, July 31, 2015 4:13:02 PM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
bartum wrote:
hisah wrote:
Ericsson wrote:
Key Highlights Half Year 2014 vs Half year 2015
Gross written premiums increased by 15% from ksh 5.913bn to 6.93bn.
Investment and other income increased by 134% from ksh 0.5bn to ksh 1.35bn
Claims incurred decreased by 4% to ksh 4.3bn from sh.4.5bn
Operating expenses rose by 27% from ksh 1.834bn to ksh 2.332bn
Profits before tax increased from ksh 154,360 to ksh 269,284

PBT up 74.5%
PAT up 51.3%
EPS up 33.3%

Quite solid a rebound, What investments do they hold that raked in 134% growth? These can't be equity holdings. Going forward how will H2 fair in an environment where CBK is tightening liquidity with vigour? Will they report such rosy figures or will H2 get squeezed and crimp FY results?


@hisah they are not heavily invested in equity,

Cool. So they escape the equity portfolio shredding this year. (PAFR, britam etc the shredding will be bad, real bad). What are these investments? Money markets etc?
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Ericsson
#9 Posted : Thursday, September 10, 2015 9:59:44 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,702
Location: NAIROBI
The counter has rallied over the past two trading sessions.gaining 25 cents each day.
What good news are they planning to announce or is there an acquisition of a smaller insurance company in the pipeline
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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jerry
#10 Posted : Friday, September 11, 2015 12:07:47 PM
Rank: Elder


Joined: 9/29/2006
Posts: 2,570
Ericsson wrote:
The counter has rallied over the past two trading sessions.gaining 25 cents each day.
What good news are they planning to announce or is there an acquisition of a smaller insurance company in the pipeline

Is the rally still on?
The opposite of courage is not cowardice, it's conformity.
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Ericsson
#11 Posted : Monday, September 14, 2015 10:40:49 AM
Rank: Elder


Joined: 12/4/2009
Posts: 10,702
Location: NAIROBI
@jerry;
The rally is still on like the safari rally.
Today it's one of the top gainers and counter has done more than 10% since beginning of last week.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Kenyan Oracle
#12 Posted : Monday, September 14, 2015 10:54:38 AM
Rank: Member


Joined: 5/31/2011
Posts: 250
Been accumulating slowly. Placed an order at 6.50 last week only for it to jump to 7.10
You lose money chasing women, but you never lose women chasing money - NAS
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JOSEPHKAG
#13 Posted : Tuesday, October 06, 2015 12:43:39 PM
Rank: Hello


Joined: 7/1/2015
Posts: 1
CIC SHARES

I undrstand the company has done well hence price going up. Good to buy at this time?
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Aguytrying
#14 Posted : Tuesday, October 06, 2015 1:13:07 PM
Rank: Elder


Joined: 7/11/2010
Posts: 5,040
At what P/E does Cic trade?

16. I answered myself. Cic normally has a wide H2 earnings skew
The investor's chief problem - and even his worst enemy - is likely to be himself
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Othelo
#15 Posted : Tuesday, October 06, 2015 2:09:27 PM
Rank: User


Joined: 1/20/2014
Posts: 3,528
JOSEPHKAG wrote:
CIC SHARES

I undrstand the company has done well hence price going up. Good to buy at this time?



JOSEPHKAG


#13 Posted : Tuesday, October 06, 2015 9:43:39 AM

Quote





Rank: Hello


Joined: 7/1/2015
Posts: 1
Formal education will make you a living. Self-education will make you a fortune - Jim Rohn.
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muganda
#16 Posted : Tuesday, October 06, 2015 5:29:57 PM
Rank: Elder


Joined: 9/15/2006
Posts: 3,905
Othelo wrote:
JOSEPHKAG wrote:
CIC SHARES

I undrstand the company has done well hence price going up. Good to buy at this time?

JOSEPHKAG
Rank: Hello
Joined: 7/1/2015
Posts: 1

Well it's fair; note insurance companies will only perform fairly this year. Should recover as the market recovers.

So the real question is how long does the market take to recover? Or even better, are you ready to wait without fretting, for 1.5 years after purchase?

http://on.ft.com/1FRJB9c

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Ericsson
#17 Posted : Tuesday, October 06, 2015 6:00:23 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,702
Location: NAIROBI
CIC insurance has very little exposure in the stock market.
It's heavy in Government Treasury bills and bonds and Corporate bonds which have a steady stream of interest income.
And now with treasury bills and bonds interest at ++20% they will reap handsomely.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Pesa Nane
#18 Posted : Wednesday, November 04, 2015 4:35:19 PM
Rank: Elder


Joined: 5/25/2012
Posts: 4,105
Location: 08c
Pesa Nane plans to be shilingi when he grows up.
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Boris Boyka
#19 Posted : Tuesday, January 12, 2016 7:17:52 PM
Rank: Veteran


Joined: 11/15/2013
Posts: 1,977
Location: Here
The floor of 6/- has been shattered. 5.50 printed.
Everybody STEALS, a THIEF is one who's CAUGHT stealing something of LITTLE VALUE. !!!
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winmak
#20 Posted : Tuesday, January 12, 2016 7:54:24 PM
Rank: Member


Joined: 12/1/2007
Posts: 539
Location: Nakuru
And we load more...
For investors as a whole, returns decrease as motion increases ~ WB
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