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CIC Insurance FY15 Pancake-Flat EPS
Rank: Elder Joined: 5/25/2012 Posts: 4,105 Location: 08c
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Quote:FINANCIAL HIGHLIGHTS
• Gross earned premium decreased by 5% from KShs.13.3 b in 2014 to KShs.12.6 b in 2015
• Total assets increased by 5% to KShs.24.9 b
• Shareholders’ funds were up by 9% to KShs.7.8 b
• Profit before tax declined by 4% to Kshs.1.3 b while profit after tax increased by 4%
The year 2015 started off on a promising note but the significant increase in interest rates and the notable depreciation of the East African currencies against the US dollar in the second half turned the year into an extremely challenging one. The twin devaluation of both equities quoted on the NSE and bonds marked to market also had an impact on previously expected investment income.
Our gross earned premium dropped by 5% largely because of a deliberate strategy to streamline our medical business as well as our group life business which saw a number of large loss making accounts exit our portfolio. This strategy has already started bearing fruit. Pesa Nane plans to be shilingi when he grows up.
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Rank: Elder Joined: 5/25/2012 Posts: 4,105 Location: 08c
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 Pesa Nane plans to be shilingi when he grows up.
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Rank: Elder Joined: 5/25/2012 Posts: 4,105 Location: 08c
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Quote:DIVIDENDS
The directors recommend the payment of a first and final dividend of 10.5% of paid up share capital totalling to Ksh 274,635,699 (2014 – Ksh 261,553,852). The dividend is subject to shareholders’ approval at the Annual General Meeting and payment will be subject to withholding tax at the applicable rate.
The payment will be made on or about 20th June 2016 to the shareholders registered at the close of business on 6 May 2016.
Pesa Nane plans to be shilingi when he grows up.
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Rank: Elder Joined: 5/25/2012 Posts: 4,105 Location: 08c
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Quote:OUTLOOK
Going forward, we are confident that our focus on pricing premiums competitively whilst ensuring profitability (hahaha), and our deliberate diversification into lines of business
where we have traditionally not been big players (namely?) will certainly deliver good results. Pesa Nane plans to be shilingi when he grows up.
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Rank: Elder Joined: 7/21/2010 Posts: 6,183 Location: nairobi
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Pesa Nane wrote:Quote:OUTLOOK
Going forward, we are confident that our focus on pricing premiums competitively whilst ensuring profitability (hahaha), and our deliberate diversification into lines of business
where we have traditionally not been big players (namely?) will certainly deliver good results. above my expectations when everyone was issuing profit warnings "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Elder Joined: 9/20/2015 Posts: 2,811 Location: Mombasa
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Pesa Nane wrote:Quote:OUTLOOK
Going forward, we are confident that our focus on pricing premiums competitively whilst ensuring profitability (hahaha), and our deliberate diversification into lines of business
where we have traditionally not been big players (namely?) will certainly deliver good results. http://uk.mobile.reuters...e/idUKFWN16I09N?irpc=932John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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Rank: Elder Joined: 7/21/2010 Posts: 6,183 Location: nairobi
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Pesa Nane wrote:Quote:DIVIDENDS
The directors recommend the payment of a first and final dividend of 10.5% of paid up share capital totalling to Ksh 274,635,699 (2014 – Ksh 261,553,852). The dividend is subject to shareholders’ approval at the Annual General Meeting and payment will be subject to withholding tax at the applicable rate.
The payment will be made on or about 20th June 2016 to the shareholders registered at the close of business on 6 May 2016.
sasa dividend ni peni gapi pesa nane?calculate "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Elder Joined: 5/25/2012 Posts: 4,105 Location: 08c
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mlennyma wrote:Pesa Nane wrote:Quote:DIVIDENDS
The directors recommend the payment of a first and final dividend of 10.5% of paid up share capital totalling to Ksh 274,635,699 (2014 – Ksh 261,553,852). The dividend is subject to shareholders’ approval at the Annual General Meeting and payment will be subject to withholding tax at the applicable rate.
The payment will be made on or about 20th June 2016 to the shareholders registered at the close of business on 6 May 2016.
sasa dividend ni peni gapi pesa nane?calculate Peni kumi u nusu (Cents 10.5) TBC Pesa Nane plans to be shilingi when he grows up.
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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@8c. Ur the most useful wazuan. Cic I find it overvalued, compared to its peers. Yet not a market leader. Promising future prospects though The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Veteran Joined: 11/15/2013 Posts: 1,977 Location: Here
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Aguytrying wrote:@8c. Ur the most useful wazuan. Cic I find it overvalued, compared to its peers. Yet not a market leader. Promising future prospects though After the bonus I bailed out left around 10k shares then also reduced to 3.4k shares after proper analysis.. When it gets to 4/- and below I'll load up in bits for future. Everybody STEALS, a THIEF is one who's CAUGHT stealing something of LITTLE VALUE. !!!
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Rank: Elder Joined: 12/25/2014 Posts: 2,300 Location: kenya
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Aguytrying wrote:@8c. Ur the most useful wazuan. Cic I find it overvalued, compared to its peers. Yet not a market leader. Promising future prospects though . I agree on that . Will get him beer one day.
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Rank: Elder Joined: 5/25/2012 Posts: 4,105 Location: 08c
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enyands wrote:Aguytrying wrote:@8c. Ur the most useful wazuan. Cic I find it overvalued, compared to its peers. Yet not a market leader. Promising future prospects though . I agree on that . Will get him beer one day. (hihihi, I'am from the opus order  ) Honored. Thanks. That's my school fees- plant the data, reap the analysis. perfect symbiosis. Pesa Nane plans to be shilingi when he grows up.
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Rank: Elder Joined: 12/25/2014 Posts: 2,300 Location: kenya
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Pesa Nane wrote:enyands wrote:Aguytrying wrote:@8c. Ur the most useful wazuan. Cic I find it overvalued, compared to its peers. Yet not a market leader. Promising future prospects though . I agree on that . Will get him beer one day. (hihihi, I'am from the opus order ) Honored. Thanks. That's my school fees- plant the data, reap the analysis. perfect symbiosis. Makes sense
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Rank: Elder Joined: 12/4/2009 Posts: 10,702 Location: NAIROBI
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Just going through the balance sheet and I see there is a big jump nearly triple on the value of equity investments. Seems the company last year was on a buying spree last year when shares were cheap. Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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Ericsson wrote:Just going through the balance sheet and I see there is a big jump nearly triple on the value of equity investments.
Seems the company last year was on a buying spree last year when shares were cheap. Seen that too. I note that previously they've not been holding equities. Interesting move. Adding it to my watch list.$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: New-farer Joined: 1/12/2016 Posts: 19
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I think their portfolio on investment income was majorly on fixed deposits & govt. papers hence ripping on the high interest environment especially in Q4.
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Rank: Elder Joined: 12/4/2009 Posts: 10,702 Location: NAIROBI
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@joga bonito; That's true Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 7/21/2010 Posts: 6,183 Location: nairobi
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Boris Boyka wrote:Aguytrying wrote:@8c. Ur the most useful wazuan. Cic I find it overvalued, compared to its peers. Yet not a market leader. Promising future prospects though After the bonus I bailed out left around 10k shares then also reduced to 3.4k shares after proper analysis.. When it gets to 4/- and below I'll load up in bits for future. Utagoja sana mtu wa 4bob or never buy at all "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Elder Joined: 12/4/2009 Posts: 10,702 Location: NAIROBI
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CIC General contributing 65%, CIC Life contributing 27%, CIC Asset contributing 1% to the PBT Investment in equity is informed by the soundness of the businesses we invest in CIC will pay a dividend per share of 10.5 cents compared to the 10 cent in 2014. Going Forward we are working to turnaround the Medical Business. 2016 we focus on individual life and pensions,Investment in technology to enhance customer service. In 2016 we plan to grow by 30% on Medical Business. General Business average growth 15% Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: New-farer Joined: 7/1/2015 Posts: 67
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mlennyma wrote:Boris Boyka wrote:Aguytrying wrote:@8c. Ur the most useful wazuan. Cic I find it overvalued, compared to its peers. Yet not a market leader. Promising future prospects though After the bonus I bailed out left around 10k shares then also reduced to 3.4k shares after proper analysis.. When it gets to 4/- and below I'll load up in bits for future. Utagoja sana mtu wa 4bob or never buy at all this stock is overvalued tena sana. I have a few units at average of 5.95. i can never pay more than 6bob for it. anything below my average price am in. “It’s no good, it’s no good!” says the buyer—
then goes off and boasts about the purchase-Proverbs 20:14
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CIC Insurance FY15 Pancake-Flat EPS
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