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cic insurance @ 5sh cheap stock or value trap?
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winmak
#61 Posted : Saturday, October 01, 2016 9:36:08 AM
Rank: Member


Joined: 12/1/2007
Posts: 539
Location: Nakuru
mlennyma wrote:
mkate_nusu wrote:
supply getting scarce

not yet party time next few days tunarudi pare pare


Kindly share the formula of predicting share price movement...
For investors as a whole, returns decrease as motion increases ~ WB
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mkate_nusu
#62 Posted : Monday, October 03, 2016 1:06:29 PM
Rank: Member


Joined: 5/30/2016
Posts: 332
Location: Kayole
Ericsson wrote:
@mlennyama
kwanza itarudi ata hadi 3.60 per share.


that will be welcome news. we keep adding.
KEGN, KPLC, KQ, SCOM
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winmak
#63 Posted : Monday, October 03, 2016 9:27:31 PM
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Location: Nakuru
Maritime insurance to be done by local companies... yipeee... Not so gloomy here after all...
For investors as a whole, returns decrease as motion increases ~ WB
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Ericsson
#64 Posted : Tuesday, October 04, 2016 10:43:33 PM
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Joined: 12/4/2009
Posts: 10,702
Location: NAIROBI
http://www.businessdaily...4986-oe59qrz/index.html
Sad Sad

setback for local insurance companies
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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shiznit
#65 Posted : Wednesday, October 05, 2016 1:55:50 PM
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Joined: 5/21/2013
Posts: 72
Location: KENYA
I am hearing word of a partnership entered into between CIC and KCB. Does anybody have details on this?
“The market can remain irrational longer than you can remain solvent.” - John Maynard Keynes
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Ericsson
#66 Posted : Wednesday, October 05, 2016 2:57:10 PM
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Joined: 12/4/2009
Posts: 10,702
Location: NAIROBI
@shiznit
As below;

KCB Group is proud to be signing an agreement with CIC Insurance to manage their Sh1B staff loan portfolio.
In the agreement with CIC Insurance, KCB will handle the assessment and disbursement of staff loans on behalf of the leading micro insurer
"Agreement will see CIC Insurance staff enjoy negotiated loan facilities of 6%pa on reducing balance to acquire houses & cars"
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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enyands
#67 Posted : Wednesday, October 05, 2016 3:03:19 PM
Rank: Elder


Joined: 12/25/2014
Posts: 2,300
Location: kenya
Ericsson wrote:
@shiznit
As below;

KCB Group is proud to be signing an agreement with CIC Insurance to manage their Sh1B staff loan portfolio.
In the agreement with CIC Insurance, KCB will handle the assessment and disbursement of staff loans on behalf of the leading micro insurer
"Agreement will see CIC Insurance staff enjoy negotiated loan facilities of 6%pa on reducing balance to acquire houses & cars"



Why not use their mother company benki ya ushirika
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winmak
#68 Posted : Wednesday, October 05, 2016 3:12:28 PM
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Joined: 12/1/2007
Posts: 539
Location: Nakuru
Ericsson wrote:
http://www.businessdailyafrica.com/Shippers-raise-the-alarm-on-insurance-law/1248928-3404986-oe59qrz/index.html
Sad Sad

setback for local insurance companies


Hii ni kelele ya chura, na haitamzuia ng'ombe kunywa maji.
For investors as a whole, returns decrease as motion increases ~ WB
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Ericsson
#69 Posted : Wednesday, October 05, 2016 3:13:40 PM
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Posts: 10,702
Location: NAIROBI
@enyands
Benki ya ushirika couldn't match the offer.
CIC is maybe now opening up to other players and stakeholders instead of tying itself to benki ya ushirika
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Ericsson
#70 Posted : Wednesday, October 05, 2016 9:57:09 PM
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Joined: 12/4/2009
Posts: 10,702
Location: NAIROBI
Cic will now concentrate on its core business.
They will no longer be staff loans issued to staff using cic assets/resources rather if for example a staff wants to take a company loan to buy a house or car they will be told to go to kcb which will advance the particular staff the money.
Win win for both institutions.
Smart move by Gitogo and Oigara
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Ericsson
#71 Posted : Wednesday, October 05, 2016 9:59:39 PM
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Joined: 12/4/2009
Posts: 10,702
Location: NAIROBI
Forgot to say that KCB also becomes main banker of CIC in addition to coop bank
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Ericsson
#72 Posted : Friday, November 11, 2016 11:09:23 AM
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Joined: 12/4/2009
Posts: 10,702
Location: NAIROBI
CIC insurance says it has capacity to insure marine cargo to the tune of sh.1bn of a single cargo
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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VituVingiSana
#73 Posted : Friday, November 11, 2016 11:40:07 AM
Rank: Chief


Joined: 1/3/2007
Posts: 18,120
Location: Nairobi
Ericsson wrote:
CIC insurance says it has capacity to insure marine cargo to the tune of sh.1bn of a single cargo
Only if they reinsure it so they spread the risk. A ship that sinks with 1bn [cargo + ship + lives] could sink CIC if they took 100% of the risk on their books.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Ericsson
#74 Posted : Friday, November 11, 2016 11:45:27 AM
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Joined: 12/4/2009
Posts: 10,702
Location: NAIROBI
@VVS
That year they will declare very minimal profits.
Their partnesrhips with re-insurance company will be key especially Kenya Re since they have a good long relationship
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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