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CIC FY16
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winston
#61 Posted : Saturday, July 22, 2017 5:05:45 PM
Rank: Member


Joined: 4/14/2010
Posts: 806
Location: Nairobi
Ericsson wrote:
@winston;
Please go through the annual report.The interest on the bond @sh.650mn per year they have been paying comfortably and still making a profit.
The goodwill that Kuria had with the cooperative and sacco hasn't changed.Saccos and cooperatives are the largest shareholders in CIC.
As for Britam and UAP going big in property;that is good but have you asked yourself what returns they are getting.Britam has ghost buildings in Upper Hill i.e no tenants.
Britam debt is growing and if not careful we may have another Nakumatt.
UAP if it wasn't for the south africans (Old Mutual) the company was was going to burst.

@Ericson...thanks. Am now better informed. lets await quarter 2 results..should give us an indication.
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Ericsson
#62 Posted : Monday, July 24, 2017 4:02:30 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,701
Location: NAIROBI
@wisnton;
I would give the counter a fair value price of 5.
sh.10 per share will be when the Profit before tax will be in the ranges of 1.5-1.8bn
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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winston
#63 Posted : Tuesday, July 25, 2017 8:55:08 PM
Rank: Member


Joined: 4/14/2010
Posts: 806
Location: Nairobi
Ericsson wrote:
@wisnton;
I would give the counter a fair value price of 5.
sh.10 per share will be when the Profit before tax will be in the ranges of 1.5-1.8bn


@Ericson...currently trading close to fair value. Will be waiting to see the 1.5-1.8bn PBT price range...it might be a while...a long while.
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