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CIC Insurance FY15 Pancake-Flat EPS
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shiznit
#41 Posted : Saturday, June 25, 2016 4:57:18 PM
Rank: New-farer


Joined: 5/21/2013
Posts: 72
Location: KENYA
Quote:
The government will disburse Ksh600 for every boarding school student for their insurance, while parents are required to pay Ksh1,060 per student. For day school students, parents are to pay Ksh710 per student while the government’s subsidy is Ksh600. This cost sharing initiative is expected to enable schools meet the insurance costs.


CIC Insurance intro a new school insurance product
“The market can remain irrational longer than you can remain solvent.” - John Maynard Keynes
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Spikes
#42 Posted : Saturday, June 25, 2016 6:10:43 PM
Rank: Elder


Joined: 9/20/2015
Posts: 2,811
Location: Mombasa
shiznit wrote:
Quote:
The government will disburse Ksh600 for every boarding school student for their insurance, while parents are required to pay Ksh1,060 per student. For day school students, parents are to pay Ksh710 per student while the government’s subsidy is Ksh600. This cost sharing initiative is expected to enable schools meet the insurance costs.


CIC Insurance intro a new school insurance product



Such news are meant to act as PPT but the market is bearish to absorb it. Williamson Tea reported impressively robust result but resistance has developed before hitting 15% rise in price in an aborted rally. Even if Williamson continues to struggle rising in a couple of weeks/months it will be uphill task! For CIC introduction of a new product is positive gesture but Mr. bear doesn't want to listen to good news historically.
John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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Ericsson
#43 Posted : Saturday, June 25, 2016 6:29:50 PM
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Joined: 12/4/2009
Posts: 10,702
Location: NAIROBI
The upward pressure on school fees begins.
Will there be improvement in the quality?
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Ericsson
#44 Posted : Monday, June 27, 2016 12:53:12 AM
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Joined: 12/4/2009
Posts: 10,702
Location: NAIROBI
Anyone who has received dividend cheque via snail mail
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Ericsson
#45 Posted : Friday, July 15, 2016 10:34:01 AM
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Joined: 12/4/2009
Posts: 10,702
Location: NAIROBI
I am looking at Coop Bank 2016 Q1 results and I see the bank booked a loss of ksh.80.294mn under the exceptional share of profit of associate.
This relates to CIC Insurance Q1 2016 which means the insurer made a loss of ksh.308.8mn.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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