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CIC Insurance 2019
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VituVingiSana
#51 Posted : Monday, February 10, 2020 2:15:32 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,346
Location: Nairobi
As @metch says, if there is a lock-in period then it's a cost of acquisition.
Cheaper than flashy ads.

Disclosure: I am not a shareholder of CIC.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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heri
#52 Posted : Friday, March 06, 2020 8:57:36 AM
Rank: Member

Joined: 9/14/2011
Posts: 869
Location: nairobi
I am down 34% on this stock with ABP of 3.77. Anyone know how the recruitment of CEO is going/went?
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Ericsson
#53 Posted : Friday, March 06, 2020 11:21:26 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
heri wrote:
I am down 34% on this stock with ABP of 3.77. Anyone know how the recruitment of CEO is going/went?





FY results are about to be released.
Last year they released their FY on March 15
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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  | | Edit by user: Friday, March 06, 2020 11:26 AM | Reason: Not specified
Ericsson
#54 Posted : Friday, March 20, 2020 12:38:32 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
tandich wrote:
Ericsson wrote:
Angelica _ann wrote:
Ericsson wrote:
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


Where did they get the money to fully settle the bond liability?

Did they ever sell any of the parcels of land they advertised?


Bond settlement was done through internal sources but full details will be known in release of FY19 results in March 2020
Parcels of land none has been sold.


I suspect a COOP bail out for this settlement; probably connected to CEO’s departure


The Group took borrowings to top up internal resources in settling the bond at maturity.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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muganda
#55 Posted : Friday, March 20, 2020 9:54:02 PM
Rank: Elder

Joined: 9/15/2006
Posts: 3,907
Ericsson wrote:


The Group took borrowings to top up internal resources in settling the bond at maturity.


Wapi bonus @Ericsson? d'oh!
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Ericsson
#56 Posted : Friday, March 20, 2020 10:38:54 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
muganda wrote:
Ericsson wrote:


The Group took borrowings to top up internal resources in settling the bond at maturity.


Wapi bonus @Ericsson? d'oh!


With the current share price doesn't make sense
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Ericsson
#57 Posted : Tuesday, March 31, 2020 11:32:48 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
https://pbs.twimg.com/me...rmat=jpg&name=large

Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Angelica _ann
#58 Posted : Tuesday, March 31, 2020 11:42:48 PM
Rank: Elder

Joined: 12/7/2012
Posts: 11,935
Ericsson wrote:
https://pbs.twimg.com/media/EUb9njmXYAEv5TK?format=jpg&name=large



Corporate governance in Kenya for you, what is the purposes of this notice.
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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Ericsson
#59 Posted : Wednesday, April 01, 2020 10:14:46 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
Angelica _ann wrote:
Ericsson wrote:
https://pbs.twimg.com/media/EUb9njmXYAEv5TK?format=jpg&name=large



Corporate governance in Kenya for you, what is the purposes of this notice.


To inform shareholders they have found a buyer for the piece of land.
The returns they will get will be a windfall.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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heri
#60 Posted : Wednesday, April 01, 2020 12:58:16 PM
Rank: Member

Joined: 9/14/2011
Posts: 869
Location: nairobi
Ericsson wrote:
Angelica _ann wrote:
Ericsson wrote:
https://pbs.twimg.com/media/EUb9njmXYAEv5TK?format=jpg&name=large



Corporate governance in Kenya for you, what is the purposes of this notice.


To inform shareholders they have found a buyer for the piece of land.
The returns they will get will be a windfall.


assuming they are selling at a profit
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