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CIC FY16
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Horton
#11 Posted : Friday, March 10, 2017 10:18:41 PM
Rank: Veteran

Joined: 8/30/2007
Posts: 1,558
Location: Nairobi
PE of 53! Loss teritory next year?
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mlennyma
#12 Posted : Friday, March 10, 2017 10:23:15 PM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
Horton wrote:
PE of 53! Loss teritory next year?

No,cic will make more than 300% profit. let's compare notes then
"Don't let the fear of losing be greater than the excitement of winning."
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muandiwambeu
#13 Posted : Friday, March 10, 2017 10:47:29 PM
Rank: Veteran

Joined: 8/28/2015
Posts: 1,247
mlennyma wrote:
murchr wrote:
1.14B to 188Million terrible

Very poor. ..hata kama equities are depressed but when they will be announcing 1000% profit rise it will be like a dream

Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly , eti CIC wamevunja record ya wanjiku kuchomeka. Waaaah.CIC doing pata potea hapa NSE. Hii CIC is worse than @ obiero single handedly running kq @the showSad . Wanjiku alichanuliwa kitambo, xaxa ni wakati wa masonko na makoporates kuchanuka.smile game shot! This co is 99.99999....9% into gambling like bizina. Weeeee, kanyumirie teketeke kitambo ilale!
,Behold, a sower went forth to sow;....
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Spikes
#14 Posted : Friday, March 10, 2017 10:55:10 PM
Rank: Elder

Joined: 9/20/2015
Posts: 2,811
Location: Mombasa
muandiwambeu wrote:
mlennyma wrote:
murchr wrote:
1.14B to 188Million terrible

Very poor. ..hata kama equities are depressed but when they will be announcing 1000% profit rise it will be like a dream

Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly , eti CIC wamevunja record ya wanjiku kuchomeka. Waaaah.CIC doing pata potea hapa NSE. Hii CIC is worse than @ obiero single handedly running kq @the showSad . Wanjiku alichanuliwa kitambo, xaxa ni wakati wa masonko na makoporates kuchanuka.smile game shot! This co is 99.99999....9% into gambling like bizina. Weeeee, kanyumirie teketeke kitambo ilale!

Applause Applause Applause
John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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hisah
#15 Posted : Saturday, March 11, 2017 5:52:00 AM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
This will spook the few wanjikus left which then presents a hunting ground for trades for TA fans. Monday open will likely gap down below 3 bob handle. In future those gaps will be targets on the way up.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Ericsson
#16 Posted : Saturday, March 11, 2017 11:31:08 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
hisah wrote:
This will spook the few wanjikus left which then presents a hunting ground for trades for TA fans. Monday open will likely gap down below 3 bob handle. In future those gaps will be targets on the way up.


Clean up and transparency ongoing.
Reasons for the decline in profits have been clearly explained in the notes below the financial statements for TA fans
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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e295
#17 Posted : Sunday, March 12, 2017 11:16:41 AM
Rank: New-farer

Joined: 3/11/2017
Posts: 10
What is TA? Please no insults
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winmak
#18 Posted : Sunday, March 12, 2017 1:35:16 PM
Rank: Member

Joined: 12/1/2007
Posts: 539
Location: Nakuru
e295 wrote:
What is TA? Please no insults


Technical analysis
For investors as a whole, returns decrease as motion increases ~ WB
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e295
#19 Posted : Sunday, March 12, 2017 2:15:26 PM
Rank: New-farer

Joined: 3/11/2017
Posts: 10
winmak wrote:
e295 wrote:
What is TA? Please no insults


Technical analysis

Thanks. Now I know
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Ericsson
#20 Posted : Monday, March 13, 2017 1:52:56 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
Reasons given for the decline in profits;
--Depressed NSE prices in the NSE resulting in unrealised losses of sh.143mn
--Change in reserving methodology by IRA which increased Life Business reserves by sh.704mn
--Aggressive provisioning of debtors in General Insurance business resulting in additional ksh.326mn provisioning
--Loss of sh.297.5mn following the hyper inflation reporting in SS as a result of SSP devaluation
--Loss of ksh.89mn following uncharacteristic school fires in 2016
The above justifications are valid and I find their reporting transparent compared to the ones of Sanlam where there was cooking.

@mlennyama
I agree with you 2017 results they will report more than 300% growth
The company says it will prioritise profitable insurance business ahead of market share growth going forward.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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