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CIC Insurance 2019
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muandiwambeu
#131 Posted : Saturday, January 30, 2021 3:50:21 AM
Rank: Veteran

Joined: 8/28/2015
Posts: 1,247
Profit warning missed
!
FUNKY wrote:
https://kenyanwallstreet.com/cic-insurance-issues-profit-warning/


d'oh!
,Behold, a sower went forth to sow;....
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  | | Edit by user: Saturday, January 30, 2021 3:52 AM | Reason: Not specified
Angelica _ann
#132 Posted : Saturday, January 30, 2021 12:17:43 PM
Rank: Elder

Joined: 12/7/2012
Posts: 11,935
I hope the 'profit warning' doesn't impact negatively the performance of the their MMF!!!
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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doubletap
#133 Posted : Saturday, January 30, 2021 12:32:46 PM
Rank: Member

Joined: 7/17/2014
Posts: 132
Location: Wherethewindblows
Angelica _ann wrote:
I hope the 'profit warning' doesn't impact negatively the performance of the their MMF!!!


Thought they are mutually exclusive or are they linked in a way?
You have to learn the rules of the game. And then you have to play better than anyone else - Albert Einstein
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winmak
#134 Posted : Saturday, January 30, 2021 8:56:09 PM
Rank: Member

Joined: 12/1/2007
Posts: 539
Location: Nakuru
doubletap wrote:
Angelica _ann wrote:
I hope the 'profit warning' doesn't impact negatively the performance of the their MMF!!!


Thought they are mutually exclusive or are they linked in a way?


Total different revenue streams, different business strategy
For investors as a whole, returns decrease as motion increases ~ WB
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Ericsson
#135 Posted : Saturday, January 30, 2021 11:27:57 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
Angelica _ann wrote:
I hope the 'profit warning' doesn't impact negatively the performance of the their MMF!!!


The asset management business is doing well.
The laggards is the life assurance business
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Ericsson
#136 Posted : Tuesday, February 02, 2021 6:24:15 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
doubletap wrote:
Angelica _ann wrote:
I hope the 'profit warning' doesn't impact negatively the performance of the their MMF!!!


Thought they are mutually exclusive or are they linked in a way?


Probably coming year they might reduce the interest rate
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Ericsson
#137 Posted : Wednesday, February 10, 2021 11:33:22 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
muandiwambeu wrote:
Profit warning missed
!
FUNKY wrote:
https://kenyanwallstreet.com/cic-insurance-issues-profit-warning/


d'oh!


They went too deep in buying land and it has come to haunt them.
The cooperative bank loan may be straining their finances.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Ericsson
#138 Posted : Thursday, March 18, 2021 11:54:30 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
muandiwambeu wrote:
Profit warning missed
!
FUNKY wrote:
https://kenyanwallstreet.com/cic-insurance-issues-profit-warning/


d'oh!


Loss of ksh.600mn
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Ericsson
#139 Posted : Thursday, March 25, 2021 12:37:25 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
Full year loss before tax ksh
79mn

First half--Loss of ksh.286mn
Second half--Profit of ksh.207mn
FY2020---Loss of 79mn

https://mobile.twitter.c...4972283463303170/photo/1
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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maka
#140 Posted : Friday, March 26, 2021 5:38:44 AM
Rank: Elder

Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
[quote=Ericsson]Full year loss before tax ksh
79mn

First half--Loss of ksh.286mn
Second half--Profit of ksh.207mn
FY2020---Loss of 79mn

https://mobile.twitter.c...972283463303170/photo/1[/quote]


Does this one have hope.. I think it has ever traded at 11.50.... Can it go back there in 5 years?
possunt quia posse videntur
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