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CIC Insurance group H1 2012 Results
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#11 Posted : Thursday, August 30, 2012 1:32:35 PM
Rank: Member

Joined: 3/20/2008
Posts: 503
mzalendomoja wrote:
Better prospects expected in H2.


YEah right!. That's what they all say after eroding your capital. freaks!!!!!!!!!Shame on you Shame on you
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Kausha
#12 Posted : Thursday, August 30, 2012 3:25:51 PM
Rank: Member

Joined: 2/8/2007
Posts: 808
I see finally the chicken have come home to roost. Where is one @yaserbigchair. I whinged here how the stock was grossly overpriced and some addicts wondered what I was saying. Ok for those who know insurance, you know very well there are two big months in an insurance year, january and July. January is typically very big, july is for those well wired wire to the parastatals and government agencies. Last time I checked CIC wasn't a very big player in July but has quite some punch in January!...let's see how the market moves going forward.
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FUNKY
#13 Posted : Thursday, August 30, 2012 3:58:56 PM
Rank: Veteran

Joined: 4/30/2010
Posts: 1,635
Traded at a new low of 3.85/- today
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e_kijana
#14 Posted : Thursday, August 30, 2012 4:23:39 PM
Rank: Member

Joined: 1/17/2009
Posts: 55
Kausha wrote:
I see finally the chicken have come home to roost. Where is one @yaserbigchair. I whinged here how the stock was grossly overpriced and some addicts wondered what I was saying. Ok for those who know insurance, you know very well there are two big months in an insurance year, january and July. January is typically very big, july is for those well wired wire to the parastatals and government agencies. Last time I checked CIC wasn't a very big player in July but has quite some punch in January!...let's see how the market moves going forward.


All the profit growth erosion was due to the new Medical Business line. They doubled their medical premiums starting July. lets see if they can stem that.
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StatMeister
#15 Posted : Thursday, August 30, 2012 4:39:45 PM
Rank: Veteran

Joined: 5/23/2010
Posts: 868
Location: La Islas Galápagos
e_kijana wrote:
Kausha wrote:
I see finally the chicken have come home to roost. Where is one @yaserbigchair. I whinged here how the stock was grossly overpriced and some addicts wondered what I was saying. Ok for those who know insurance, you know very well there are two big months in an insurance year, january and July. January is typically very big, july is for those well wired wire to the parastatals and government agencies. Last time I checked CIC wasn't a very big player in July but has quite some punch in January!...let's see how the market moves going forward.


All the profit growth erosion was due to the new Medical Business line. They doubled their medical premiums starting July. lets see if they can stem that.


Have they increased? I saw something on BD to the effect of talking to AKI or regulator or something.

http://www.businessdaily...2/-/11c37o4/-/index.html
A bad day fishing is better than a good day at work
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mwekez@ji
#16 Posted : Thursday, August 30, 2012 5:59:33 PM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
Anybody with the recently released Insurance Industry 2011 Annual Report? AKI have not yet posted it on their web
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mwekez@ji
#17 Posted : Thursday, August 30, 2012 6:17:00 PM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
StatMeister wrote:
e_kijana wrote:
Kausha wrote:
I see finally the chicken have come home to roost. Where is one @yaserbigchair. I whinged here how the stock was grossly overpriced and some addicts wondered what I was saying. Ok for those who know insurance, you know very well there are two big months in an insurance year, january and July. January is typically very big, july is for those well wired wire to the parastatals and government agencies. Last time I checked CIC wasn't a very big player in July but has quite some punch in January!...let's see how the market moves going forward.


All the profit growth erosion was due to the new Medical Business line. They doubled their medical premiums starting July. lets see if they can stem that.


Have they increased? I saw something on BD to the effect of talking to AKI or regulator or something.
http://www.businessdailyafrica....2/-/11c37o4/-/index.html


@e_kijana, what informs that their main insurance arm ache is the medical business line? What is the performance of the other insurance arms?
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Aguytrying
#18 Posted : Thursday, August 30, 2012 10:30:47 PM
Rank: Elder

Joined: 7/11/2010
Posts: 5,040
mwekez@ji wrote:
NAV KES 2.07
Trailing EPS 0.27

At yesterday’s VWAP of KES 3.90
P/B 1.88 (most expensive in the industry; industry average 1.3)
P/E 14.44 (most expensive in the industry; industry average 4.4)


I said it before, the most i can pay for this stock is 2.50. During listing it sounded ridiculous but now im sure more would agree.

The investor's chief problem - and even his worst enemy - is likely to be himself
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e_kijana
#19 Posted : Thursday, August 30, 2012 11:03:25 PM
Rank: Member

Joined: 1/17/2009
Posts: 55
Aguytrying wrote:
mwekez@ji wrote:
NAV KES 2.07
Trailing EPS 0.27

At yesterday’s VWAP of KES 3.90
P/B 1.88 (most expensive in the industry; industry average 1.3)
P/E 14.44 (most expensive in the industry; industry average 4.4)


I said it before, the most i can pay for this stock is 2.50. During listing it sounded ridiculous but now im sure more would agree.



Go Buy Panafric.
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e_kijana
#20 Posted : Thursday, August 30, 2012 11:08:16 PM
Rank: Member

Joined: 1/17/2009
Posts: 55
Aguytrying wrote:
mwekez@ji wrote:
NAV KES 2.07
Trailing EPS 0.27

At yesterday’s VWAP of KES 3.90
P/B 1.88 (most expensive in the industry; industry average 1.3)
P/E 14.44 (most expensive in the industry; industry average 4.4)


I said it before, the most i can pay for this stock is 2.50. During listing it sounded ridiculous but now im sure more would agree.



Go Buy Panafric.
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