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cic insurance @ 5sh cheap stock or value trap?
Rank: Hello Joined: 4/12/2016 Posts: 6 Location: central
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dear wazuans is cic a good buy in the current bear market or is it doomed to a steady decline despite previous results? Respice post te, Hominem te esse memento, memento mori
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Rank: Elder Joined: 12/4/2009 Posts: 10,702 Location: NAIROBI
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@Mt KenyaMafia That counter has nine lives it will bounce back utashangaa Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 9/20/2015 Posts: 2,811 Location: Mombasa
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Ericsson wrote:@Mt KenyaMafia
That counter has nine lives it will bounce back utashangaa When will it bounce back? John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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Rank: Hello Joined: 4/12/2016 Posts: 6 Location: central
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@Ericsson but it has been stagnating since last year's Q4 with no light at the end of its tunnel Respice post te, Hominem te esse memento, memento mori
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Rank: New-farer Joined: 7/1/2015 Posts: 67
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Mt-KenyaMafia wrote:dear wazuans
is cic a good buy in the current bear market or is it doomed to a steady decline despite previous results? I don't know but i think it has not bottomed out yet. Mr. bear is still in town and anything is possible. “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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Rank: Elder Joined: 9/20/2015 Posts: 2,811 Location: Mombasa
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Sam_Kibs wrote:Mt-KenyaMafia wrote:dear wazuans
is cic a good buy in the current bear market or is it doomed to a steady decline despite previous results? I don't know but i think it has not bottomed out yet. Mr. bear is still in town and anything is possible. Mr. bear is now more dangerous than before. He will sweep downhill like flash floods! Go to higher grounds vacate from the valleys of capital erosion. John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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Rank: Hello Joined: 4/12/2016 Posts: 6 Location: central
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i hope i wont run to higher ground only to find there were no floods and to make it worse there was a big harvest i wasn't part of Respice post te, Hominem te esse memento, memento mori
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Rank: Elder Joined: 9/20/2015 Posts: 2,811 Location: Mombasa
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Mt-KenyaMafia wrote:i hope i wont run to higher ground only to find there were no floods and to make it worse there was a big harvest i wasn't part of For now I beseech you, flee to safer grounds where cash is King. Do not be overexcited by pockets of PPT which will get exhausted faster than you exit. Sell now and buy low when irresistible tide drowns everybody including savvy traders! John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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Rank: Member Joined: 7/18/2008 Posts: 9 Location: Nairobi
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Rank: Hello Joined: 4/12/2016 Posts: 6 Location: central
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a conclusive end, cic like other insurance companies is deeply invested in the stock market which is in a bear mood currently, making it impossible for cic to operate above its peers in the industry in addition to having a high PE meaning the share price is a value trap." i have heard and i have listened" Respice post te, Hominem te esse memento, memento mori
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Rank: Elder Joined: 7/21/2010 Posts: 6,183 Location: nairobi
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The camel's back breaks "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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mlennyma wrote:The camel's back breaks It has bottomed out, jump in! John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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Rank: Elder Joined: 9/23/2010 Posts: 2,221 Location: Sundowner,Amboseli
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Seller offered at market so all one needed to do was to bid at 4.70 and you're offered immediately. Today being end month and most of the brokers/fund managers/institutions wanting to clear their debits/balance their books, expect some pressure on other volatile counters like Britam, Co-op, Centum in the last 5 minutes of trading. @SufficientlyP
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Rank: Member Joined: 5/30/2016 Posts: 332 Location: Kayole
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Spikes wrote:mlennyma wrote:The camel's back breaks It has bottomed out, jump in! mlennyma when short selling is introduced in the market, I encourage you to start taking such advice with a pinch of salt. KEGN, KPLC, KQ, SCOM
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Rank: Member Joined: 5/30/2016 Posts: 332 Location: Kayole
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Mt-KenyaMafia wrote:a conclusive end, cic like other insurance companies is deeply invested in the stock market which is in a bear mood currently, making it impossible for cic to operate above its peers in the industry in addition to having a high PE meaning the share price is a value trap." i have heard and i have listened" Mafia they urgently need to reduce their exposure to equities & focus on their core business of insurance and generating maximum returns from it. hii maneno ya kugamble nse for earnings will dissipate their profits as long as the bear is in them woods KEGN, KPLC, KQ, SCOM
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Rank: Member Joined: 5/30/2016 Posts: 217 Location: Talai
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 mkate_nusu wrote:Mt-KenyaMafia wrote:a conclusive end, cic like other insurance companies is deeply invested in the stock market which is in a bear mood currently, making it impossible for cic to operate above its peers in the industry in addition to having a high PE meaning the share price is a value trap." i have heard and i have listened" Mafia they urgently need to reduce their exposure to equities & focus on their core business of insurance and generating maximum returns from it. hii maneno ya kugamble nse for earnings will dissipate their profits as long as the bear is in them woods Watch and Listen and Live
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Rank: Veteran Joined: 4/4/2016 Posts: 1,997 Location: Kitale
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high PE and low dividend yield of 2%. Towards the goal of financial freedom
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Rank: Elder Joined: 12/4/2009 Posts: 10,702 Location: NAIROBI
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Guys the exposure of CIC on equities isn't that heavy as is being quoted here. Out of a total asset base of ksh.26bn,1bn has been invested in equities with most of it done last year i.e ksh.832mn. Most of the investment is in government securities and deposits with financial institutions Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Veteran Joined: 11/15/2013 Posts: 1,977 Location: Here
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Ericsson wrote:Guys the exposure of CIC on equities isn't that heavy as is being quoted here.
Out of a total asset base of ksh.26bn,1bn has been invested in equities with most of it done last year i.e ksh.832mn.
Most of the investment is in government securities and deposits with financial institutions Chase or Imperial or NBK? Everybody STEALS, a THIEF is one who's CAUGHT stealing something of LITTLE VALUE. !!!
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Rank: Elder Joined: 12/4/2009 Posts: 10,702 Location: NAIROBI
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@Boris Dubai Bank Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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cic insurance @ 5sh cheap stock or value trap?
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