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CIC Insurance 2018
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Ericsson
#21 Posted : Saturday, February 02, 2019 9:47:43 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
Ksh.5bn Corporate bond issued in 2014 matures mid this year.
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Beler
#22 Posted : Tuesday, February 05, 2019 6:36:25 PM
Rank: New-farer

Joined: 1/15/2019
Posts: 31
CIC Insurance did really well during last year. This positive outcome increased investors optimism which was reflected in share price. I am really thinking that they will continue with positive results also during this year
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Ericsson
#23 Posted : Wednesday, February 06, 2019 3:16:57 PM
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Posts: 10,804
Location: NAIROBI
Share price heading towards ksh.5
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Ericsson
#24 Posted : Wednesday, February 06, 2019 3:22:39 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
Beler wrote:
CIC Insurance did really well during last year. This positive outcome increased investors optimism which was reflected in share price. I am really thinking that they will continue with positive results also during this year


They should consider acquiring one of the distressed insurance companies
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Ericsson
#25 Posted : Wednesday, March 06, 2019 7:31:09 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
FY results to be released tomorrow or Friday 8th March 2019
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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littledove
#26 Posted : Wednesday, March 06, 2019 9:20:04 PM
Rank: Veteran

Joined: 7/1/2014
Posts: 927
Location: sky
Ericsson wrote:
FY results to be released tomorrow or Friday 8th March 2019

hope we get a bonus this year
There are only two emotions in the stock market, fear and hope. The problem is, you hope when you should fear and fear when you should hope
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Ericsson
#27 Posted : Thursday, March 07, 2019 7:41:21 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
littledove wrote:
Ericsson wrote:
FY results to be released tomorrow or Friday 8th March 2019

hope we get a bonus this year


Now that the corporate bond they issued in July 2014 matures in 4 months.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Ericsson
#28 Posted : Thursday, March 07, 2019 10:09:53 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
littledove wrote:
Ericsson wrote:
FY results to be released tomorrow or Friday 8th March 2019

hope we get a bonus this year


Last year results were announced on March 14 2018 and for 2016 were announced in March 9 2017
Wealth is built through a relatively simple equation
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S.Mutaga III
#29 Posted : Thursday, March 07, 2019 8:07:50 PM
Rank: Member

Joined: 3/26/2012
Posts: 830
At a PE of 22, the price is too high. Nice company, but too expensive to consider. Would you buy an asset to get your money back in 22 years??? Too expensive stock!!
A successful man is not he who gets the best, it is he who makes the best from what he gets.
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Ericsson
#30 Posted : Friday, March 08, 2019 12:36:41 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
S.Mutaga III wrote:
At a PE of 22, the price is too high. Nice company, but too expensive to consider. Would you buy an asset to get your money back in 22 years??? Too expensive stock!!


When FY results are released the PE will fall to between 10-15 at the current prices
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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