Rank: Elder Joined: 6/27/2008 Posts: 4,114
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Is it due to the official unofficial announcement predicting sh800m-sh1.2b PAT? Nothing is real unless it can be named; nothing has value unless it can be sold; money is worthless unless you spend it.
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Rank: Member Joined: 1/25/2010 Posts: 344
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Only 7trades qty 3,600shares total 25,585/= as at 15:09
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Rank: Member Joined: 3/20/2008 Posts: 503
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mukiha wrote:Is it due to the official unofficial announcement predicting sh800m-sh1.2b PAT? http://www.nse.co.ke/med...ntary-trading-statement
Ati how official can news get if being on the NSE website is not official enough??? In any case there aren't that many insurance companies on the NSE that will have such relatively decent results.
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Rank: Veteran Joined: 4/30/2010 Posts: 1,635
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We should expect a dividend of around 50cts per share.
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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FUNKY wrote:We should expect a dividend of around 50cts per share. did cfci give a dividend last year? what is the nav of this stock? i got my answer. no dividend. some very fishy accounting too. where can i get the soft copy of 2011 annual report? Google search only finds reports for cfc life assurance and heritage. The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Member Joined: 3/20/2008 Posts: 503
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Aguytrying wrote:[quote=FUNKY]We should expect a dividend of around 50cts per share. With a 50% decrease in eps for 2012, I highly doubt this
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Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery
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Latest data (3Q 2012) from IRA on the Kenyan insurance industry http://www.ira.go.ke/ind...p;id=103&Itemid=527
CFCI not doing bad. Actually the life business is gaining market share.
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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xxxxx wrote:Aguytrying wrote:[quote=FUNKY]We should expect a dividend of around 50cts per share. With a 50% decrease in eps for 2012, I highly doubt this On the contrary, they are doing better in 2012 than 2011. In 2011, they separated the insurance business results and the Investment (in NSE). If you put them together it resulted in a negative figure. In HY 2012, they have still separated the 2, however now the investment income is positive. When you combine the 2. Its even more positive. IE. insurance business- 225m, investment- +440m. together = around 600m. So this year, they should pay a dividend. also @The deal indicated that they would according to agm. The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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What do you say we pump this thing. Anyway, how many outstanding shares does this company have? I do not trust rich.co.ke figure, cause when i calculate using eps and profit, i get a different figure. Also, might you know the NAV of this company? and which stocks do they hold in the NSE The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Member Joined: 9/16/2006 Posts: 229
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last year EPS was 1.84.This year we expect better results than last year.This will as a result ofinvestment income and rise in stocks. “I don’t regret the things I’ve done, I regret the things I didn’t do when I had the chance.”
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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uchumi wrote:last year EPS was 1.84.This year we expect better results than last year.This will as a result ofinvestment income and rise in stocks. This is the point i was making a above. The 1.84 eps, did not include the stocks they hold. It was the insurance business on its own. If you added the stocks they hold it would have been a negative EPS. Check out the FY 2011 results. If you check HY 2012 results, the EPS is lower than HY 2011. insurance biz vs insurance biz. stocks wanaweka kando. so 2012 EPS will most definately be lower than 2011 EPS (insurance biz) Howerver overall EPS including stocks will most definately be higher. @ the deal. Why do they separate the two??? The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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I decided to go for the head, liberty holdings ZA. That owns 56% of CFCI(liberty holdings kenya) got, me thinking, they may buy more interest in CFCI because the other subsidiaries they own the least is 75%. decided to speculate with few at 7.00. estimate div to be 0.25-0.35 optimistically. The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Elder Joined: 7/11/2012 Posts: 5,222
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Aguytrying wrote:I decided to go for the head, liberty holdings ZA.
That owns 56% of CFCI(liberty holdings kenya)
got, me thinking, they may buy more interest in CFCI because the other subsidiaries they own the least is 75%. decided to speculate with few at 7.00. estimate div to be 0.25-0.35 optimistically. Which market?
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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Mukiri wrote:Aguytrying wrote:I decided to go for the head, liberty holdings ZA.
That owns 56% of CFCI(liberty holdings kenya)
got, me thinking, they may buy more interest in CFCI because the other subsidiaries they own the least is 75%. decided to speculate with few at 7.00. estimate div to be 0.25-0.35 optimistically. Which market? nse. i went for the head to look for info. The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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CFCI at 8.30. touching intra-day upper limit on two consecutive days. Perfect time to renew the thread. 5 weeks later and me is a happy man, purely speculative though. Not comfy enough for a long play #management The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Veteran Joined: 1/25/2012 Posts: 1,624 Location: Langley
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Aguytrying wrote:CFCI at 8.30. touching intra-day upper limit on two consecutive days.
Perfect time to renew the thread.
5 weeks later and me is a happy man, purely speculative though. Not comfy enough for a long play #management
I will spoil the party on Monday. This bus can't leave without yours truly. If you have built castles in the air, your work need not be lost; that is where they should be. Now put the foundations under them.
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Rank: Elder Joined: 2/10/2007 Posts: 1,587
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uchumi wrote:last year EPS was 1.84.This year we expect better results than last year.This will as a result ofinvestment income and rise in stocks. I thought CFCI had a reduction in HY results. That is what contributed to the share price stagnating in the KES 6.7-7 range. Any magic in their second HY?
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Rank: Elder Joined: 2/10/2007 Posts: 1,587
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uchumi wrote:last year EPS was 1.84.This year we expect better results than last year.This will as a result ofinvestment income and rise in stocks. I thought CFCI had a reduction in HY results. That is what contributed to the share price stagnating in the KES 6.7-7 range. Any magic in their second HY results? I guess the recent rally is due to the general market upward trend not necessarily excellent fundamentals of the stock. However, I have been a great buyer of CFCI. My target price is KES 18.
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Rank: Member Joined: 4/14/2011 Posts: 639
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PKoli wrote:uchumi wrote:last year EPS was 1.84.This year we expect better results than last year.This will as a result ofinvestment income and rise in stocks. I thought CFCI had a reduction in HY results. That is what contributed to the share price stagnating in the KES 6.7-7 range. Any magic in their second HY results? I guess the recent rally is due to the general market upward trend not necessarily excellent fundamentals of the stock. However, I have been a great buyer of CFCI. My target price is KES 18. 18 ksh??Isnt it abit too much?fundamentally its not supported I think
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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Hunderwear wrote:PKoli wrote:uchumi wrote:last year EPS was 1.84.This year we expect better results than last year.This will as a result ofinvestment income and rise in stocks. I thought CFCI had a reduction in HY results. That is what contributed to the share price stagnating in the KES 6.7-7 range. Any magic in their second HY results? I guess the recent rally is due to the general market upward trend not necessarily excellent fundamentals of the stock. However, I have been a great buyer of CFCI. My target price is KES 18. 18 ksh??Isnt it abit too much?fundamentally its not supported I think CFCI at 7.00 was trading at a p/b of ~0.8, pe below 10. Despite insurance biz doing worse than last year at H1 2012, the investment income is doing VERY well. so expect a div. and better results (overall than last year-see my post above). insurance against elections sweetens the pot further. To me its no surprise its rallying, market effect or not. Going to 10.00 very soon The investor's chief problem - and even his worst enemy - is likely to be himself
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