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Muheani
#441 Posted : Tuesday, June 12, 2012 9:56:13 AM
Rank: Veteran


Joined: 11/20/2009
Posts: 1,402
from CIC twitter.."Hi , in light of recent events, we await confirmation on the listing date. We shall keep you informed. #CM
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hisah
#442 Posted : Tuesday, June 12, 2012 12:01:09 PM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
Hunderwear wrote:
hisah wrote:
Listing postponed, but huge Q1 2012 profits! I'm usually skeptical of listings done after rosy results...


Me too but with cic aint worried abit...reason they have been sitting on all the cash they raised in the rights issue and I expected a huge profit last year which didnt happen so this year should be huge enough otherwise the funds raised make no sense

Maybe you could be right with this one. Since I'm not on the ground. I was snooping on their FB page and came across this.

https://www.facebook.com...e/posts/344944882241478

Quote:
CIC Group is constantly developing innovative products that meet the customers needs which has resulted in our immense growth. The 1st Quater Results in 2012 show 29% growth in Net earned Premium.


If they can maintain that momentum through out the remaining 2012 qtrs, then this could be another equity! But how are they managing this with the current high interest regime. KE market is bizarre aka peculiar MJ statement...

$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Ericsson
#443 Posted : Thursday, June 14, 2012 12:54:51 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,702
Location: NAIROBI
Is the CIC Insurance introduction by listing on Tuesday.The adverts in the radio stations say it is on Tuesday
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Muheani
#444 Posted : Friday, June 15, 2012 8:23:32 AM
Rank: Veteran


Joined: 11/20/2009
Posts: 1,402
From CIC twitter

CIC Insurance Group ‏@CICInsurance

BREAKING NEWS! CIC Insurance Group NSE Listing confirmed for 19th July 2012. #VM
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8:18 AM - 15 Jun 12 via Facebook · Details
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QW25091985
#445 Posted : Friday, June 15, 2012 8:41:09 AM
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Joined: 1/24/2012
Posts: 1,675
Location: In Da Hood
yep listing is on 19th !
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PKoli
#446 Posted : Friday, June 15, 2012 12:10:03 PM
Rank: Elder


Joined: 2/10/2007
Posts: 1,587
QW25091985 wrote:
yep listing is on 19th !


I am a little confused; such useful info should be at the CIC website
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luxel
#447 Posted : Friday, June 15, 2012 2:24:19 PM
Rank: Member


Joined: 7/17/2008
Posts: 152
Muheani wrote:
From CIC twitter

CIC Insurance Group ‏@CICInsurance

BREAKING NEWS! CIC Insurance Group NSE Listing confirmed for 19th July 2012. #VM
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8:18 AM - 15 Jun 12 via Facebook · Details


Do you mean next week or there is no typo?
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hisah
#448 Posted : Friday, June 15, 2012 5:56:13 PM
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Joined: 8/4/2010
Posts: 8,977
luxel wrote:
Muheani wrote:
From CIC twitter

CIC Insurance Group ‏@CICInsurance

BREAKING NEWS! CIC Insurance Group NSE Listing confirmed for 19th July 2012. #VM


Do you mean next week or there is no typo?

July 19 2012 as per this tweet - https://twitter.com/CICI...atus/213500635386093568
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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mwekez@ji
#449 Posted : Friday, June 15, 2012 10:54:10 PM
Rank: Chief


Joined: 5/31/2011
Posts: 5,121
This counter scores F when it comes to communication Sad
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PKoli
#450 Posted : Sunday, June 17, 2012 9:06:45 PM
Rank: Elder


Joined: 2/10/2007
Posts: 1,587
mwekez@ji wrote:
This counter scores F when it comes to communication Sad


I will not give them an F, since they post some bit of info on their website. They have been poor when it comes to communication to do with listing.
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Hunderwear
#451 Posted : Monday, June 18, 2012 7:14:42 PM
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Joined: 4/14/2011
Posts: 639
anybody seen the IM...tHEY CANT LIST without releasing it.i mean they can do better
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mwekez@ji
#452 Posted : Monday, June 18, 2012 10:06:46 PM
Rank: Chief


Joined: 5/31/2011
Posts: 5,121
PKoli wrote:
mwekez@ji wrote:
This counter scores F when it comes to communication Sad


I will not give them an F, since they post some bit of info on their website. They have been poor when it comes to communication to do with listing.


Listing tomorrow and we dont have the IM scores them a BIG F in communication

http://www.businessdailyafrica....30/-/nagrjt/-/index.html
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youcan'tstopusnow
#453 Posted : Monday, June 18, 2012 10:34:11 PM
Rank: Chief


Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
mwekez@ji wrote:
PKoli wrote:
mwekez@ji wrote:
This counter scores F when it comes to communication Sad


I will not give them an F, since they post some bit of info on their website. They have been poor when it comes to communication to do with listing.


Listing tomorrow and we dont have the IM scores them a BIG F in communication

http://www.businessdailyafrica....30/-/nagrjt/-/index.html


Tuko June brosmile
GOD BLESS YOUR LIFE
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mwekez@ji
#454 Posted : Monday, June 18, 2012 10:55:40 PM
Rank: Chief


Joined: 5/31/2011
Posts: 5,121
youcan'tstopusnow wrote:
mwekez@ji wrote:
PKoli wrote:
mwekez@ji wrote:
This counter scores F when it comes to communication Sad


I will not give them an F, since they post some bit of info on their website. They have been poor when it comes to communication to do with listing.


Listing tomorrow and we dont have the IM scores them a BIG F in communication

http://www.businessdailyafrica....30/-/nagrjt/-/index.html


Tuko June brosmile


WTH smile
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hisah
#455 Posted : Wednesday, June 20, 2012 8:29:55 AM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
75% share float to be locked in for 5 years - large stakeholders. That leaves only 550M shares in the market. Volume drought will cushion price volatility as well as push prices higher.

www.businessdailyafrica....8/-/6ii8mgz/-/index.html
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Aguytrying
#456 Posted : Wednesday, June 20, 2012 9:08:03 AM
Rank: Elder


Joined: 7/11/2010
Posts: 5,040
hisah wrote:
75% share float to be locked in for 5 years - large stakeholders. That leaves only 550M shares in the market. Volume drought will cushion price volatility as well as push prices higher.

www.businessdailyafrica....8/-/6ii8mgz/-/index.html


is this hisah finally buying the hopium.
could a cic investor breakdown for us the share restructure from otc to now . also when these shares rallied from 40bob to 100bob like 1 yr ago. what is the equivalent of that price to the 3.50 introduction price ? regards
The investor's chief problem - and even his worst enemy - is likely to be himself
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Hunderwear
#457 Posted : Wednesday, June 20, 2012 9:18:46 AM
Rank: Member


Joined: 4/14/2011
Posts: 639
Aguytrying wrote:
hisah wrote:
75% share float to be locked in for 5 years - large stakeholders. That leaves only 550M shares in the market. Volume drought will cushion price volatility as well as push prices higher.

www.businessdailyafrica....8/-/6ii8mgz/-/index.html


is this hisah finally buying the hopium.
could a cic investor breakdown for us the share restructure from otc to now . also when these shares rallied from 40bob to 100bob like 1 yr ago. what is the equivalent of that price to the 3.50 introduction price ? regards


The shares had a par value of 20 then and they hav since been split 20 times.The equivalent therefore is 5 bob.
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hisah
#458 Posted : Thursday, June 21, 2012 7:54:46 AM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
Aguytrying wrote:
hisah wrote:
75% share float to be locked in for 5 years - large stakeholders. That leaves only 550M shares in the market. Volume drought will cushion price volatility as well as push prices higher.

www.businessdailyafrica....8/-/6ii8mgz/-/index.html


is this hisah finally buying the hopium.
could a cic investor breakdown for us the share restructure from otc to now . also when these shares rallied from 40bob to 100bob like 1 yr ago. what is the equivalent of that price to the 3.50 introduction price ? regards

Equity bank - I see that replication via grassroot (bottom of the pyramid) insurance - micro insurance as cheap as 20/day or 600/month!? Payable via mpesa. Steady results since 2008.

I have been digging up some archives.

http://microfinanceafric...get-low-income-earners/

www.microinsurance.coop/...-microinsurance-by-storm

www.sccportal.org/countr...a.aspx?Printerfriendly=1

www.munichre-foundation....ompendium_VolIIPart5.pdf
- Microinsurance insights from India, Kenya & Philippines - Value creation opportunities.

Microinsurance is the way to go for small economies aka 3rd soon to become 1st world. The liquid money is always at the pyramid bottom - ask equity, mpesa bank - they've become case studies even for World Bank and other money masters smile

$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Aguytrying
#459 Posted : Thursday, June 21, 2012 3:00:21 PM
Rank: Elder


Joined: 7/11/2010
Posts: 5,040
hisah wrote:
Aguytrying wrote:
hisah wrote:
75% share float to be locked in for 5 years - large stakeholders. That leaves only 550M shares in the market. Volume drought will cushion price volatility as well as push prices higher.

www.businessdailyafrica....8/-/6ii8mgz/-/index.html


is this hisah finally buying the hopium.
could a cic investor breakdown for us the share restructure from otc to now . also when these shares rallied from 40bob to 100bob like 1 yr ago. what is the equivalent of that price to the 3.50 introduction price ? regards

Equity bank - I see that replication via grassroot (bottom of the pyramid) insurance - micro insurance as cheap as 20/day or 600/month!? Payable via mpesa. Steady results since 2008.

I have been digging up some archives.

http://microfinanceafric...get-low-income-earners/

www.microinsurance.coop/...-microinsurance-by-storm

www.sccportal.org/countr...a.aspx?Printerfriendly=1

www.munichre-foundation....ompendium_VolIIPart5.pdf
- Microinsurance insights from India, Kenya & Philippines - Value creation opportunities.

Microinsurance is the way to go for small economies aka 3rd soon to become 1st world. The liquid money is always at the pyramid bottom - ask equity, mpesa bank - they've become case studies even for World Bank and other money masters smile



Je voirThink
The investor's chief problem - and even his worst enemy - is likely to be himself
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Hunderwear
#460 Posted : Thursday, June 21, 2012 3:20:48 PM
Rank: Member


Joined: 4/14/2011
Posts: 639
Hunderwear wrote:
e_kijana wrote:
from Co-op Q1 results:
Share of profits from associate - CIC in Q1 is at a Massive Ksh 121M

Considering that Co-op owns ~26% of CIC, It means that CIC Q1 profits is Ksh 465M. They have achieved in Q1 slightly more that half what they achieved in 4 quarters OF 2011. This will be a muscular yar for CIC!!


C P from http://www.businessdaily.../-/gelypdz/-/index.html

CIC Insurance on Monday announced a 47 per cent increase in net profit for the first three months of 2012 ahead of the planned listing at the Nairobi Securities Exchange (NSE).
The insurer earned Sh457 million net profit from Sh320 million in the first quarter of 2011, which was driven by an increase in revenues to Sh2.36 billion fom Sh1.84 billion.



@Hisah,your links above explain the rise in PAT.
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