Wazua
»
Investor
»
Stocks
»
CIC Insurance 2018
Rank: Elder Joined: 12/4/2009 Posts: 10,684 Location: NAIROBI
|
Ksh.5bn Corporate bond issued in 2014 matures mid this year. Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
|
|
|
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
|
|
|
Rank: Elder Joined: 12/4/2009 Posts: 10,684 Location: NAIROBI
|
Share price heading towards ksh.5 Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
|
|
|
Rank: Elder Joined: 12/4/2009 Posts: 10,684 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
|
|
|
Rank: Elder Joined: 12/4/2009 Posts: 10,684 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
|
|
|
Rank: Veteran Joined: 7/1/2014 Posts: 903 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
|
|
|
Rank: Elder Joined: 12/4/2009 Posts: 10,684 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
|
|
|
Rank: Elder Joined: 12/4/2009 Posts: 10,684 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
Wealth=Income + Investments - Lifestyle
|
|
|
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.
|
|
|
Rank: Elder Joined: 12/4/2009 Posts: 10,684 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
|
|
|
Rank: New-farer Joined: 5/3/2019 Posts: 17
|
Oh, I'm amazed Total Insurance is still a leader in the UK... This company has very favorable conditions for customers, but as we know, what is profitable for customers is unprofitable for the company, so I have a reasonable question - how does this company manage to develop and not lose a lot of money? For example, I bought insurance for taxi drivers from their site http://www.total-insurance.co.uk on very favorable terms for me, for example, I pay only 1099 for my Toyota Prius, and every year the price of insurance will only decrease, not increase like in other companies...
|
|
|
Rank: Elder Joined: 12/4/2009 Posts: 10,684 Location: NAIROBI
|
brainstorm212 wrote:Oh, I'm amazed Total Insurance is still a leader in the UK... This company has very favorable conditions for customers, but as we know, what is profitable for customers is unprofitable for the company, so I have a reasonable question - how does this company manage to develop and not lose a lot of money? For example, I bought insurance for taxi drivers from their site http://www.total-insurance.co.uk on very favorable terms for me, for example, I pay only 1099 for my Toyota Prius, and every year the price of insurance will only decrease, not increase like in other companies... How is this related to cic insurance? Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
|
|
|
Rank: Elder Joined: 12/4/2009 Posts: 10,684 Location: NAIROBI
|
Waiting to hear how the company/group intends to redeem its ksh.5bn corporate debt that matures in October. Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
|
|
|
Rank: Elder Joined: 12/4/2009 Posts: 10,684 Location: NAIROBI
|
CIC Insurance selling all its land holdings in an advert in today's newspaper. https://pbs.twimg.com/media/D-oyD5PWkAEGGaZ.jpgWealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
|
|
|
Rank: Veteran Joined: 7/1/2014 Posts: 903 Location: sky
|
https://www.businessdailyafrica.com/news/Insurance-penetration-drops-to-15-year-low/539546-5261220-2vbmef/index.htmlThe latest industry report by AKI shows that last year’s drop in insurance penetration was accompanied by a 61.56 percent drop in net profits from Sh9.21 billion to Sh3.54 billion, the lowest in 12 years. According to the latest industry data, return on capital dropped from 10.4 percent in 2017 to 4.41 percent last year, showing the shrinking returns for the industry. "I can see us going further down and exiting the market if we don’t put our act together,” Mr Gichuhi said. 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
|
|
|
Rank: Member Joined: 3/8/2018 Posts: 507 Location: Nairobi
|
They know there is mattress money looking for deals.
|
|
|
Rank: Elder Joined: 12/4/2009 Posts: 10,684 Location: NAIROBI
|
littledove wrote:https://www.businessdailyafrica.com/news/Insurance-penetration-drops-to-15-year-low/539546-5261220-2vbmef/index.htmlThe latest industry report by AKI shows that last year’s drop in insurance penetration was accompanied by a 61.56 percent drop in net profits from Sh9.21 billion to Sh3.54 billion, the lowest in 12 years. According to the latest industry data, return on capital dropped from 10.4 percent in 2017 to 4.41 percent last year, showing the shrinking returns for the industry. "I can see us going further down and exiting the market if we don’t put our act together,” Mr Gichuhi said. The industry has too many insurance companies. It's ripe for mergers and acquisitions. Insurance companies in Kenya are more than the banks in terms of numbers Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
|
|
|
Rank: Elder Joined: 12/4/2009 Posts: 10,684 Location: NAIROBI
|
Ericsson wrote:Waiting to hear how the company/group intends to redeem its ksh.5bn corporate debt that matures in October. CIC Insurance Group will next week pay back investors of its five-year Sh5 billion bond, their principal dues, making the underwriter the latest corporate bond issuer to retire its debt without going back to the capital markets for a rollover. CIC issued the bond in October, 2014, with a coupon of 13 percent, meaning its redemption on October 2 will save the firm Sh650 million in annual interest expenses. https://www.businessdail...87388-7kk62kz/index.htmlWealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
|
|
|
Rank: Chief Joined: 1/3/2007 Posts: 18,103 Location: Nairobi
|
I like the trend of deleveraging by some firms. Centum is paying off some loans/bonds from the sale of Almasi/King/NBL. CIC is paying off this bond. HF will pay off a bond too. It is also trying to sell non-performing properties/assets. Britam is also trying to sell properties and reduce borrowings or increase cash. In these tough times, if the business cannot generate great returns then it is better to deleverage. Excessive leverage can be disastrous as seen for Uchumi, ARM, Mumias, etc. Cash-rich firms (or those with low/manageable) debt can better survive a tough operating environment. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
|
|
|
Rank: Elder Joined: 12/4/2009 Posts: 10,684 Location: NAIROBI
|
VituVingiSana wrote:I like the trend of deleveraging by some firms.
Centum is paying off some loans/bonds from the sale of Almasi/King/NBL.
CIC is paying off this bond.
HF will pay off a bond too. It is also trying to sell non-performing properties/assets.
Britam is also trying to sell properties and reduce borrowings or increase cash.
In these tough times, if the business cannot generate great returns then it is better to deleverage.
Excessive leverage can be disastrous as seen for Uchumi, ARM, Mumias, etc.
Cash-rich firms (or those with low/manageable) debt can better survive a tough operating environment. Uchumi, ARM and Mumias it's mismanaged, grandiose corruption Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
|
|
|
Wazua
»
Investor
»
Stocks
»
CIC Insurance 2018
Forum Jump
You cannot post new topics in this forum.
You cannot reply to topics in this forum.
You cannot delete your posts in this forum.
You cannot edit your posts in this forum.
You cannot create polls in this forum.
You cannot vote in polls in this forum.
|