total demand - 2,769,500 vs total supply - 3,757,300
Current VWAP @4.25/-

The supply overhang is getting cleared and the supply dislocation is down to 1.37 times rather than the Friday factor which was almost 20 times. But still too early to tell after 4 trading days.

I'll get interested at 3/-

Ive just realised out of all the insurance companies in nse. Cic is the most liquid. What this means positively is that it will be a darling to institutional investors and foreigners. Think of kcb, saf, equity or eabl. The companies that get high turnovers. As long as the company performs very well.the other insurance companies save for knre are very illiquid leaving cic.

it will be much liquid in the next 5yrs.
seems it has bottomed out
RADING
time(desc) prev. close share. trans last price Kshs percent
15:11:55 4.35 4,815,800 4.25 -0.10 2.3%
15:11:55 4.35 0 4.25 -0.10 2.3%
14:57:05 4.35 0 4.25 -0.10 2.3%
14:55:53 4.35 58,000 4.30 -0.05 1.15%
14:53:45 4.35 500 4.30 -0.05 1.15%
14:53:31 4.35 20,000 4.30 -0.05 1.15%
stats
total deals 89
total turnover 20,606,576
avg price
high price 4.35
low price 4.15
last price 4.25
shares volume 4,815,800
LAST 7 TRAN

Time to buy is fast diminishing the earlier you do it the better.Am smelling a good H1 results and the market gonna get spooked

Seems the floor is going to be defended. I was expecting it to test sub 4/- but bids are now taking over.

I hope it can test 3.50 for a bucketload scoop...

This gem traded on the OTC for above 70 shillings since last year.The 1st quarter results were great.The 75% of shares are not tradable.It has a strong management and assured business in the name of cooperative movement.To top it all it is the only insurance in kenya making underwriting profit(this i overheard and cant confirm).If as an investor you are not prepared to pay a premium for this the you can as well forget about investing.The best would be to buy before a floor is established and sit tight.Should half year result come out on the positive the premium to pay will be prohibitive.Or so I think and stand to be corrected
Disclaimer;I own a chunk of this stock.

let's stop hyping this, any insurer with motor vehicle and medical in it's books constituting more than 50% is a monkey stock, it can only have market share growth and shrinking profit margins. CIC has done very well because of these two classes. This worries me because somewhere ahead once the cycle matures you will see a struggle in growth of profitability. Only reprieve is that they are also pushing some life insurance. All in all though I would stay away from CIC until 2 bob.

i bought a few at 4.20/- and a few at 4.0/- if it goes lower i ll keep topping up small amounts to reduce my average cost... hope this plan of attack works...

Half year results will be announced sometime in August probably.