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CIC Insurance 2019
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heri
#21 Posted : Thursday, November 14, 2019 11:47:41 AM
Rank: Member

Joined: 9/14/2011
Posts: 869
Location: nairobi
Ericsson wrote:
Profit warning pap
Seriously? after i went all in at 3 bob to lower my ABP
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Metch
#22 Posted : Thursday, November 14, 2019 11:58:40 AM
Rank: Member

Joined: 12/22/2015
Posts: 224
Location: Mombasa, Kenya
heri wrote:
Ericsson wrote:
Profit warning pap
Seriously? after i went all in at 3 bob to lower my ABP


U should have seen this coming after H1 results. I dumped mine immediately after H1 results at 3.35 taking a loss of 20k. Bought Coop at 11.80. took my 150k profits at 16.00. life continues,,,
Dump now,,, the race to 2bob is on
Start!
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watesh
#23 Posted : Thursday, November 14, 2019 12:00:43 PM
Rank: Veteran

Joined: 8/10/2014
Posts: 992
Location: Kenya
Ericsson wrote:
Profit warning pap


After this, i think i will stick to Jubilee only
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heri
#24 Posted : Thursday, November 14, 2019 12:09:14 PM
Rank: Member

Joined: 9/14/2011
Posts: 869
Location: nairobi
Metch wrote:
heri wrote:
Ericsson wrote:
Profit warning pap
Seriously? after i went all in at 3 bob to lower my ABP


U should have seen this coming after H1 results. I dumped mine immediately after H1 results at 3.35 taking a loss of 20k. Bought Coop at 11.80. took my 150k profits at 16.00. life continues,,,
Dump now,,, the race to 2bob is on



But for next year, won't there be some significant savings on the interest they were paying on the bond?
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Angelica _ann
#25 Posted : Thursday, November 14, 2019 12:19:04 PM
Rank: Elder

Joined: 12/7/2012
Posts: 11,935
watesh wrote:
Ericsson wrote:
Profit warning pap


After this, i think i will stick to Jubilee only


Laughing out loudly Laughing out loudly Laughing out loudly Welcome to mature share with no speculators, though mean dividend amounts. You sleep well!!!
In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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Metch
#26 Posted : Thursday, November 14, 2019 12:24:00 PM
Rank: Member

Joined: 12/22/2015
Posts: 224
Location: Mombasa, Kenya
heri wrote:
Metch wrote:
heri wrote:
Ericsson wrote:
Profit warning pap
Seriously? after i went all in at 3 bob to lower my ABP


U should have seen this coming after H1 results. I dumped mine immediately after H1 results at 3.35 taking a loss of 20k. Bought Coop at 11.80. took my 150k profits at 16.00. life continues,,,
Dump now,,, the race to 2bob is on



But for next year, won't there be some significant savings on the interest they were paying on the bond?


You can always jump back in at a fairer price
Start!
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Ericsson
#27 Posted : Thursday, November 14, 2019 12:25:50 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
heri wrote:
Metch wrote:
heri wrote:
Ericsson wrote:
Profit warning pap
Seriously? after i went all in at 3 bob to lower my ABP


U should have seen this coming after H1 results. I dumped mine immediately after H1 results at 3.35 taking a loss of 20k. Bought Coop at 11.80. took my 150k profits at 16.00. life continues,,,
Dump now,,, the race to 2bob is on



But for next year, won't there be some significant savings on the interest they were paying on the bond?


Company has zero debt.
Full disclosures to be known when they release full year results in 3.5 months time
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Queen
#28 Posted : Thursday, November 14, 2019 12:33:48 PM
Rank: Member

Joined: 11/21/2018
Posts: 564
Location: Britain
Ericsson wrote:
Profit warning pap


No wonder the CEO took off in a huff.
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Ericsson
#29 Posted : Thursday, November 14, 2019 12:46:44 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
Queen wrote:
Ericsson wrote:
Profit warning pap


No wonder the CEO took off in a huff.

CEO was fired
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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heri
#30 Posted : Thursday, November 14, 2019 1:10:29 PM
Rank: Member

Joined: 9/14/2011
Posts: 869
Location: nairobi
Ericsson wrote:
Queen wrote:
Ericsson wrote:
Profit warning pap


No wonder the CEO took off in a huff.

CEO was fired


Is that so? for non performance?

i also heard the previous CEO had bought overpriced land
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