I was there at the briefing. The management was massively optimistic and he has reasons to be. Premiums are growing in the low double digits, but they have an impressive CAGR.

The bottom line is what bothers me. If you look at the returns posted by PAFR and BRIT you realise CIC is too far behind. Granted that their business models are vastly different, still, investors might move away if profit margins don't improve.

Also, books close is all the way in June, that's too far off and I only hope we get a decent interim this year otherwise this stock is going to go back to the KES 5 levels.

Might hit a low of sh.4 or thereabout after the bonus issue and then rally back up..

True, your numbers are very correct but after the bonus is factored in we'll definitely experience some price correction,that's when a 5 or worst case a 4 might come into play briefly..

ok we'll see how this spans out..