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CIC Group FY2014 results EPS down by 28%
the deal
#31 Posted : Friday, March 13, 2015 12:11:05 PM
Rank: Elder

Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
Very poor results...past financial results have been restated...I hope the new MD cleans up this company! Current business model not sustainable...underwriting margins have been on the decline since listing.
Akenyan2014
#32 Posted : Friday, March 13, 2015 1:40:54 PM
Rank: Member

Joined: 5/6/2014
Posts: 268
Location: Nairobi, Kenya
the deal wrote:
Very poor results...past financial results have been restated...I hope the new MD cleans up this company! Current business model not sustainable...underwriting margins have been on the decline since listing.


Many companies have reported reduced profitability, including the all powerful Panafrican. CIC did't do so well but it avoided a loss. If it is about some corruption I think there will be a remedy to seal the loophole once the consultant finishes her work. I cannot sell this one for now
Boris Boyka
#33 Posted : Friday, March 13, 2015 1:43:07 PM
Rank: Veteran

Joined: 11/15/2013
Posts: 1,977
Location: Here
Akenyan2014 wrote:
the deal wrote:
Very poor results...past financial results have been restated...I hope the new MD cleans up this company! Current business model not sustainable...underwriting margins have been on the decline since listing.


Many companies have reported reduced profitability, including the all powerful Panafrican. CIC did't do so well but it avoided a loss. If it is about some corruption I think there will be a remedy to seal the loophole once the consultant finishes her work. I cannot sell this one for now

Applause Applause smile
Everybody STEALS, a THIEF is one who's CAUGHT stealing something of LITTLE VALUE. !!!
mlennyma
#34 Posted : Friday, March 13, 2015 1:53:10 PM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
I was crying to be picked at 10bob but now iam refusing to board and boris boyka is a witness to this.
"Don't let the fear of losing be greater than the excitement of winning."
Ericsson
#35 Posted : Friday, March 13, 2015 2:26:48 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
Now let's wait for the sister company.It's results are long overdue.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
odiepe59
#36 Posted : Friday, March 13, 2015 2:31:42 PM
Rank: Hello

Joined: 3/13/2015
Posts: 1
Its not that bad...will hold on
mlennyma
#37 Posted : Friday, March 13, 2015 2:43:32 PM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
odiepe59 wrote:
Its not that bad...will hold on

i believe the share will still find a good low sub 9 before the storm dies out
"Don't let the fear of losing be greater than the excitement of winning."
murchr
#38 Posted : Friday, March 13, 2015 4:24:31 PM
Rank: Elder

Joined: 2/26/2012
Posts: 15,980
the deal wrote:
Very poor results...past financial results have been restated...I hope the new MD cleans up this company! Current business model not sustainable...underwriting margins have been on the decline since listing.


Its been a minute boss. Welcome back!
"There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
.
the deal
#39 Posted : Friday, March 13, 2015 7:34:57 PM
Rank: Elder

Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
murchr wrote:
the deal wrote:
Very poor results...past financial results have been restated...I hope the new MD cleans up this company! Current business model not sustainable...underwriting margins have been on the decline since listing.


Its been a minute boss. Welcome back!

Thanks Boss...just got busy but I'm back to the republic of wazua smile
Pesa Nane
#40 Posted : Wednesday, April 29, 2015 11:28:08 PM
Rank: Elder

Joined: 5/25/2012
Posts: 4,105
Location: 08c
Quote:
NOTICE IS HEREBY GIVEN that the Thirty Seventh (37th) AGM of CIC INSURANCE GROUP LIMITED will be held at the KICC amphitheatre, on 22nd May 2015 at 10.00am to transact the following business:-
.....

3. To declare a first and final dividend of Kshs. 0.10 per share in respect of the year ended 31st December 2014, to be paid to the shareholders appearing on the Register of Members at the close of business on 19th June 2015.

Was that a typo or a change of register closure dates as announced with the results??
Pesa Nane plans to be shilingi when he grows up.
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