Rank: Elder Joined: 2/26/2012 Posts: 15,980
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hisah wrote:hisah wrote:This will spook the few wanjikus left which then presents a hunting ground for trades for TA fans. Monday open will likely gap down below 3 bob handle. In future those gaps will be targets on the way up. Interesting. The market didn't open with a gap down! Seems the market had already priced in the nasty results. If so the monthly close needs to be above 3.80. The Friday magic! "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
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Rank: Elder Joined: 12/4/2009 Posts: 10,804 Location: NAIROBI
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Dividend was the stop gap measure to prevent bloodbath Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 12/4/2009 Posts: 10,804 Location: NAIROBI
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Kenyan insurer CIC Group expects its Uganda and Malawi businesses to break even in the next two years, its chief executive officer said on Thursday. "In Uganda we started trading in 2015. We anticipate we will break even this year, in 2017," Tom Gitogo, CIC Group Chief Executive Officer, told Reuters in an interview. In Malawi, where the company also started operating in 2015, so 2016 was the first, Gitogo said they expected to break even in the next two years. In Kenya, the chief executive said the medical insurance business, which made a profit of 80 million shillings (605,172.45 pounds) last year after a streak of losses, was set to keep supporting growth. "We see a good chunk of our growth in 2017 coming from the medical business," he said. In 2016, CIC was hit by its South Sudan operations, which lost 297.5 million shillings, due to hyperinflation in the country driven by conflict in the country. The company would maintain its presence there, the CEO said. "CIC has taken the view to be in there and wait it out, rather than coming in later and paying a premium," he said. Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 7/21/2010 Posts: 6,194 Location: nairobi
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Ericsson wrote:Kenyan insurer CIC Group expects its Uganda and Malawi businesses to break even in the next two years, its chief executive officer said on Thursday.
"In Uganda we started trading in 2015. We anticipate we will break even this year, in 2017," Tom Gitogo, CIC Group Chief Executive Officer, told Reuters in an interview.
In Malawi, where the company also started operating in 2015, so 2016 was the first, Gitogo said they expected to break even in the next two years.
In Kenya, the chief executive said the medical insurance business, which made a profit of 80 million shillings (605,172.45 pounds) last year after a streak of losses, was set to keep supporting growth.
"We see a good chunk of our growth in 2017 coming from the medical business," he said.
In 2016, CIC was hit by its South Sudan operations, which lost 297.5 million shillings, due to hyperinflation in the country driven by conflict in the country. The company would maintain its presence there, the CEO said.
"CIC has taken the view to be in there and wait it out, rather than coming in later and paying a premium," he said. will be above 10bob in 2019 "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Elder Joined: 9/20/2015 Posts: 2,811 Location: Mombasa
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mlennyma wrote:Ericsson wrote:Kenyan insurer CIC Group expects its Uganda and Malawi businesses to break even in the next two years, its chief executive officer said on Thursday.
"In Uganda we started trading in 2015. We anticipate we will break even this year, in 2017," Tom Gitogo, CIC Group Chief Executive Officer, told Reuters in an interview.
In Malawi, where the company also started operating in 2015, so 2016 was the first, Gitogo said they expected to break even in the next two years.
In Kenya, the chief executive said the medical insurance business, which made a profit of 80 million shillings (605,172.45 pounds) last year after a streak of losses, was set to keep supporting growth.
"We see a good chunk of our growth in 2017 coming from the medical business," he said.
In 2016, CIC was hit by its South Sudan operations, which lost 297.5 million shillings, due to hyperinflation in the country driven by conflict in the country. The company would maintain its presence there, the CEO said.
"CIC has taken the view to be in there and wait it out, rather than coming in later and paying a premium," he said. will be above 10bob in 2019 So you're in till 2019? John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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Rank: Veteran Joined: 7/1/2014 Posts: 927 Location: sky
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cic @4.15 likely to break the 4 resistance this week. 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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Rank: Elder Joined: 12/4/2009 Posts: 10,804 Location: NAIROBI
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5 bob here we come Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 7/21/2010 Posts: 6,194 Location: nairobi
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Ericsson wrote:5 bob here we come niko ndaaaani,if this polls go well I will be rich with cic stock...above 10bob in mid 2018 "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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mlennyma wrote:Ericsson wrote:5 bob here we come niko ndaaaani,if this polls go well I will be rich with cic stock...above 10bob in mid 2018 Victory is for the persevering and the patient. Life is short. Live passionately.
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Rank: Elder Joined: 7/21/2010 Posts: 6,194 Location: nairobi
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sparkly wrote:mlennyma wrote:Ericsson wrote:5 bob here we come niko ndaaaani,if this polls go well I will be rich with cic stock...above 10bob in mid 2018 Victory is for the persevering and the patient. any price upswing is temporary until the election clouds clear "Don't let the fear of losing be greater than the excitement of winning."
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