Among the poorest dividends

CIC's proposed div payout stands at 54%; 2017 FY payout was about 65%.

The payout is good; it's profitability that's the problem. To pay better dividends, the insurer's net profit should be playing in the billions range, not millions, considering the capital employed. The return on equity is about 7.9%... return on assets at about 1.9%...

Balance sheet and cashflow statement

Is there material announcement for this counter today?

As a group we have continued to focus more on underwriting profit – not investment income” said the MD Tom Gitogo

Healthy cashflows and the company will easily repay the full principal of ksh.5bn Corporate bond issued in 2014

It's the economy stupid

https://www.businessdail...1754-bmt2tpz/index.html

CIC Insurance has captured more than a third of the unit trusts market, opening a wider gap with Britam’s subsidiary that has shed assets.

Fresh data from the Capital Markets Authority (CMA) show that CIC unit trust scheme market share climbed to 34.25 per cent from previous nearly 27 percent at the end of March 2019, with Sh20.9 billion funds under management.

This piled pressure on closest competitor British American Unit Trust which had only Sh8.68 billion of the total collective investment schemes’ (CIS) Sh61.04 billion assets under management.

“CIC Unit Trust Scheme had the largest CIS asset portfolio valued at Sh20.91 billion, while British American Unit Trust had the second largest portfolio valued at Sh8.68 billion, accounting for 34.25 per cent and 14.23 per cent respectively,”

ICEA Lion gained Sh1 billion, pushing assets under management to Sh6.98 billion and overtaking Old Mutual to position three with 11.43 per cent market share. Old Mutual market share dropped to 10.95 per cent from 13.4 per cent held in March last year as its assets under management shrunk to 6.68 billion. CBA unit trust comes fifth.

Which mistakes are these?

Aha. I think banks with their rate cap issues will face serious capital flight to these trusts