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CIC Insurance FY 2017
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mlennyma
#41 Posted : Monday, May 07, 2018 5:14:14 PM
Rank: Elder


Joined: 7/21/2010
Posts: 6,183
Location: nairobi
Ericsson wrote:
snifadog wrote:
corporate medical insurances are heavily undercut on pricing and result in massive underwriting losses. this one will sink their medical insurance business again


Contract with jubilee terminated due to poor service from provider.
Attempts to ammend were futile.
Hooray cic

the rally which will see me reduce my holding significantly seems to have started
"Don't let the fear of losing be greater than the excitement of winning."
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Ericsson
#42 Posted : Tuesday, May 08, 2018 2:28:27 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,702
Location: NAIROBI
mlennyma wrote:
Ericsson wrote:
snifadog wrote:
corporate medical insurances are heavily undercut on pricing and result in massive underwriting losses. this one will sink their medical insurance business again


Contract with jubilee terminated due to poor service from provider.
Attempts to ammend were futile.
Hooray cic

the rally which will see me reduce my holding significantly seems to have started


There you go 5.25 today.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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maka
#43 Posted : Thursday, May 17, 2018 8:57:46 AM
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mlennyma
#44 Posted : Thursday, May 17, 2018 10:02:00 AM
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Joined: 7/21/2010
Posts: 6,183
Location: nairobi
maka wrote:
http://news-af.op-mobile.opera.com/news/detail/7536adc28bbe1c8b6e6d83ede19b4edc_ke?share=1&country=ke&language=en

shylock behaviour
"Don't let the fear of losing be greater than the excitement of winning."
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Ericsson
#45 Posted : Monday, May 21, 2018 9:35:04 AM
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Dividend book closure today
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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mlennyma
#46 Posted : Monday, May 21, 2018 10:14:11 AM
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Joined: 7/21/2010
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Ericsson wrote:
Dividend book closure today

and no excitement at all
"Don't let the fear of losing be greater than the excitement of winning."
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Ericsson
#47 Posted : Monday, May 21, 2018 11:03:11 AM
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Joined: 12/4/2009
Posts: 10,702
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mlennyma wrote:
Ericsson wrote:
Dividend book closure today

and no excitement at all


Tomorrow the great fall begins when it goes ex-dividend
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Pirate
#48 Posted : Monday, May 21, 2018 4:10:00 PM
Rank: Member


Joined: 4/4/2007
Posts: 91
Ericsson wrote:
mlennyma wrote:
Ericsson wrote:
Dividend book closure today

and no excitement at all


Tomorrow the great fall begins when it goes ex-dividend


Any reasons as to what justifies a PE of 27 despite a dividend yield of 2% ( at least on my entry price) . Wondering whether to sell or hold tomorrow and re-enter at a lower price.
Knowledge is power , but action gets things done ...
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Pesa Nane
#49 Posted : Friday, May 25, 2018 2:03:56 PM
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Joined: 5/25/2012
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Pesa Nane plans to be shilingi when he grows up.
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VituVingiSana
#50 Posted : Saturday, May 26, 2018 12:03:29 AM
Rank: Chief


Joined: 1/3/2007
Posts: 18,121
Location: Nairobi
Pesa Nane wrote:

Any connection between Rosemary Sakaja and Sakaja the politician?
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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littledove
#51 Posted : Tuesday, May 29, 2018 8:34:26 AM
Rank: Veteran


Joined: 7/1/2014
Posts: 903
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https://www.businessdailyafrica.com/markets/marketnews/CIC-targets-Sh300m-savings-roll-out-centres/3815534-4584538-mb0fbpz/index.html
Cars involved in accidents are taken to the centre from a police station for assessment of the extent of the damage, unlike in the past where they would be taken to a garage by owners with the insurer sending claim forms through brokers or agents.

Mr Wachira said the new model has sealed loopholes for fraud through collusion by actors in the assessment and repair process such as agents, car owners and garage operators.
There are only two emotions in the stock market, fear and hope. The problem is, you hope when you should fear and fear when you should hope
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mlennyma
#52 Posted : Tuesday, May 29, 2018 10:32:02 AM
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Joined: 7/21/2010
Posts: 6,183
Location: nairobi
littledove wrote:
https://www.businessdailyafrica.com/markets/marketnews/CIC-targets-Sh300m-savings-roll-out-centres/3815534-4584538-mb0fbpz/index.html
Cars involved in accidents are taken to the centre from a police station for assessment of the extent of the damage, unlike in the past where they would be taken to a garage by owners with the insurer sending claim forms through brokers or agents.

Mr Wachira said the new model has sealed loopholes for fraud through collusion by actors in the assessment and repair process such as agents, car owners and garage operators.

I thought gitogo was the MD
"Don't let the fear of losing be greater than the excitement of winning."
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Ericsson
#53 Posted : Tuesday, May 29, 2018 10:40:14 AM
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Joined: 12/4/2009
Posts: 10,702
Location: NAIROBI
mlennyma wrote:
littledove wrote:
https://www.businessdailyafrica.com/markets/marketnews/CIC-targets-Sh300m-savings-roll-out-centres/3815534-4584538-mb0fbpz/index.html
Cars involved in accidents are taken to the centre from a police station for assessment of the extent of the damage, unlike in the past where they would be taken to a garage by owners with the insurer sending claim forms through brokers or agents.

Mr Wachira said the new model has sealed loopholes for fraud through collusion by actors in the assessment and repair process such as agents, car owners and garage operators.

I thought gitogo was the MD


Wachira is MD for General Insurance.
Gitogo is Group MD/CEO
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Ericsson
#54 Posted : Sunday, June 17, 2018 9:57:58 PM
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Joined: 12/4/2009
Posts: 10,702
Location: NAIROBI
https://www.businessdail...2874-10je52wz/index.html
Wealth is built through a relatively simple equation
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jawgey
#55 Posted : Tuesday, June 19, 2018 7:37:42 PM
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Joined: 1/13/2014
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Location: Denmark
Did anyone else experience this rather bizarre scenario where the dividend was credited on 18/6/18 and later debited on 19/6/18?
Seeing is believing
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jawgey
#56 Posted : Tuesday, June 19, 2018 7:41:36 PM
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Joined: 1/13/2014
Posts: 386
Location: Denmark
jawgey wrote:
Did anyone else experience this rather bizarre scenario where the dividend was credited on 18/6/18 and later debited on 19/6/18?


Just realized they hadn't deducted Withholding tax. What a blunder!
Seeing is believing
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Chaka
#57 Posted : Tuesday, June 19, 2018 7:47:59 PM
Rank: Elder


Joined: 2/16/2007
Posts: 2,114
Say what?Do these reversals attract bank charges?
jawgey wrote:
jawgey wrote:
Did anyone else experience this rather bizarre scenario where the dividend was credited on 18/6/18 and later debited on 19/6/18?


Just realized they hadn't deducted Withholding tax. What a blunder!
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Wondergirl
#58 Posted : Wednesday, June 20, 2018 8:19:20 AM
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Joined: 9/12/2009
Posts: 312
Chaka wrote:
Say what?Do these reversals attract bank charges?
jawgey wrote:
jawgey wrote:
Did anyone else experience this rather bizarre scenario where the dividend was credited on 18/6/18 and later debited on 19/6/18?


Just realized they hadn't deducted Withholding tax. What a blunder!


And for cheques?
Had they dis perched them? Wow!!
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jawgey
#59 Posted : Wednesday, June 20, 2018 9:06:24 AM
Rank: Member


Joined: 1/13/2014
Posts: 386
Location: Denmark
Chaka wrote:
Say what?Do these reversals attract bank charges?
jawgey wrote:
jawgey wrote:
Did anyone else experience this rather bizarre scenario where the dividend was credited on 18/6/18 and later debited on 19/6/18?


Just realized they hadn't deducted Withholding tax. What a blunder!



Yes of course there was a remittance fee deducted on the initial credit. After the reversal, the bank never reversed the charge. Hapa Wizi tu
Seeing is believing
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Ericsson
#60 Posted : Wednesday, July 04, 2018 12:23:11 AM
Rank: Elder


Joined: 12/4/2009
Posts: 10,702
Location: NAIROBI
Cic has put an advert in yesterday's newspaper selling land in kajiado.
The first parcel is 200 acres within the vicinity of Umma university along Namanga road before kajiado town.
The second parcel is 192acres located along pipeline road,Isinya town.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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