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cic insurance @ 5sh cheap stock or value trap?
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maka
#21 Posted : Thursday, June 02, 2016 9:55:29 AM
Rank: Elder


Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
Ericsson wrote:
@Boris
Dubai Bank


They dint have money at Chase?If am not wrong an IM was sent home coz of that coupled with funny bond trades...off market.
possunt quia posse videntur
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Ericsson
#22 Posted : Thursday, June 02, 2016 10:01:37 AM
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Joined: 12/4/2009
Posts: 10,702
Location: NAIROBI
CIC invested ksh.174mn in Chase Bank Bond and about ksh.43mn in Imperial bank bond
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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mkate_nusu
#23 Posted : Thursday, June 02, 2016 12:56:20 PM
Rank: Member


Joined: 5/30/2016
Posts: 332
Location: Kayole
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


Pumping hot air into air balloon
KEGN, KPLC, KQ, SCOM
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mkate_nusu
#24 Posted : Thursday, June 02, 2016 1:14:00 PM
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Joined: 5/30/2016
Posts: 332
Location: Kayole
Ericsson wrote:
CIC invested ksh.174mn in Chase Bank Bond and about ksh.43mn in Imperial bank bond


Understated. Source?
KEGN, KPLC, KQ, SCOM
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mkate_nusu
#25 Posted : Thursday, June 02, 2016 1:29:05 PM
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Joined: 5/30/2016
Posts: 332
Location: Kayole
Ebenyo wrote:
high PE and low dividend yield of 2%.


Daily chart not looking good either. Expect new 12 month lows. Possibility of reaching 5 year low of 3.05 before elections?
KEGN, KPLC, KQ, SCOM
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mlennyma
#26 Posted : Thursday, June 02, 2016 1:46:27 PM
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Joined: 7/21/2010
Posts: 6,183
Location: nairobi
mkate_nusu wrote:
Ericsson wrote:
CIC invested ksh.174mn in Chase Bank Bond and about ksh.43mn in Imperial bank bond


Understated. Source?

if true the chances of losing their investment is may be 0
"Don't let the fear of losing be greater than the excitement of winning."
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Ericsson
#27 Posted : Thursday, June 02, 2016 8:54:35 PM
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Joined: 12/4/2009
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mkate_nusu
Read the annual report for 2015.
Deposits at Imperial bank sh.31.6mn of which a provision for the full amount was placed.
Investment in chase bank bond sh.172mn and deposit at Chase Bank sh.79mn
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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watesh
#28 Posted : Thursday, June 02, 2016 9:21:36 PM
Rank: Veteran


Joined: 8/10/2014
Posts: 977
Location: Kenya
Ericsson wrote:
mkate_nusu
Read the annual report for 2015.
Deposits at Imperial bank sh.31.6mn of which a provision for the full amount was placed.
Investment in chase bank bond sh.172mn and deposit at Chase Bank sh.79mn

Chimoooooo!!! At least the one at Chase Bank will be back
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Ericsson
#29 Posted : Thursday, June 02, 2016 10:35:42 PM
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Joined: 12/4/2009
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Deposit was ksh.286mn and not 79mn
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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hisah
#30 Posted : Friday, June 03, 2016 9:53:04 AM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
If CIC finishes the week with a positive candlestick pinbar that would be a nice reversal play suggesting bulls are willing to defend the 5.00 handle.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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mkate_nusu
#31 Posted : Wednesday, June 15, 2016 12:12:25 PM
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Joined: 5/30/2016
Posts: 332
Location: Kayole
Discounts everywhere I look
KEGN, KPLC, KQ, SCOM
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Ericsson
#32 Posted : Thursday, June 16, 2016 4:48:27 AM
Rank: Elder


Joined: 12/4/2009
Posts: 10,702
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The ksh.5bn that the company raised through a corporate bond in June 2014 where has been spent on.
I can't see any tangible project the company has done using the money.There was talk of it building it's own hospital.
How far are they with it?
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Ericsson
#33 Posted : Thursday, June 16, 2016 9:34:59 AM
Rank: Elder


Joined: 12/4/2009
Posts: 10,702
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Heading towards sh.4 mark then 3.50
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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lochaes
#34 Posted : Thursday, June 16, 2016 9:44:15 AM
Rank: New-farer


Joined: 6/30/2014
Posts: 86
Location: nairobi
Ericsson wrote:
Heading towards sh.4 mark then 3.50


Without a fight....
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hisah
#35 Posted : Thursday, June 16, 2016 11:16:50 AM
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Joined: 8/4/2010
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hisah wrote:
If CIC finishes the week with a positive candlestick pinbar that would be a nice reversal play suggesting bulls are willing to defend the 5.00 handle.

Bulls failed two weeks back. Support cluster at 4.50. Break below next meaningful support is 3.50 then 2.50 (all time low).

Fatter discounts season continues smile
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Othelo
#36 Posted : Thursday, June 16, 2016 11:53:27 AM
Rank: User


Joined: 1/20/2014
Posts: 3,528
hisah wrote:
hisah wrote:
If CIC finishes the week with a positive candlestick pinbar that would be a nice reversal play suggesting bulls are willing to defend the 5.00 handle.

Bulls failed two weeks back. Support cluster at 4.50. Break below next meaningful support is 3.50 then 2.50 (all time low).

Fatter discounts season continues smile

cc. @Maka smile
Formal education will make you a living. Self-education will make you a fortune - Jim Rohn.
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Spikes
#37 Posted : Thursday, June 16, 2016 12:02:59 PM
Rank: Elder


Joined: 9/20/2015
Posts: 2,811
Location: Mombasa
hisah wrote:
hisah wrote:
If CIC finishes the week with a positive candlestick pinbar that would be a nice reversal play suggesting bulls are willing to defend the 5.00 handle.

Bulls failed two weeks back. Support cluster at 4.50. Break below next meaningful support is 3.50 then 2.50 (all time low).

Fatter discounts season continues smile



Eti 2.5/- fatter discounts! Kwani ni mahamri funga?
John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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mlennyma
#38 Posted : Monday, June 20, 2016 12:19:05 PM
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Joined: 7/21/2010
Posts: 6,183
Location: nairobi
Dividend EFT pap
"Don't let the fear of losing be greater than the excitement of winning."
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Spikes
#39 Posted : Monday, June 20, 2016 12:23:52 PM
Rank: Elder


Joined: 9/20/2015
Posts: 2,811
Location: Mombasa
mlennyma wrote:
Dividend EFT pap



@mlennyma nitumie ngiri moja nichome nyama.
John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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Boris Boyka
#40 Posted : Monday, June 20, 2016 12:42:47 PM
Rank: Veteran


Joined: 11/15/2013
Posts: 1,977
Location: Here
mlennyma wrote:
Dividend EFT pap

You're still in this thing... Haha anyway I'll be joining you soon.
Everybody STEALS, a THIEF is one who's CAUGHT stealing something of LITTLE VALUE. !!!
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