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CIC Insurance 2019
Rank: Elder Joined: 12/4/2009 Posts: 10,804 Location: NAIROBI
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heri wrote:Ericsson wrote:Queen wrote:Ericsson wrote:Profit warning pap No wonder the CEO took off in a huff. CEO was fired Is that so? for non performance? Set targets were not being achieved and he was getting a handsome salary i also heard the previous CEO had bought overpriced land The land was for future real estate development,at that time economy was doing well so they anticipated price appreciation was to continue 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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heri wrote:Ericsson wrote:Profit warning pap Seriously? after i went all in at 3 bob to lower my ABP Dividend will either be halved or no dividend and shareholders be compensated with a bonus issue Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 12/7/2012 Posts: 11,935
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Ericsson wrote:heri wrote:Metch wrote:heri wrote:Ericsson wrote:Profit warning pap Seriously? after i went all in at 3 bob to lower my ABP U should have seen this coming after H1 results. I dumped mine immediately after H1 results at 3.35 taking a loss of 20k. Bought Coop at 11.80. took my 150k profits at 16.00. life continues,,, Dump now,,, the race to 2bob is on But for next year, won't there be some significant savings on the interest they were paying on the bond? Company has zero debt. Full disclosures to be known when they release full year results in 3.5 months time Where did they get the money to fully settle the bond liability? Did they ever sell any of the parcels of land they advertised? In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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Rank: Elder Joined: 12/4/2009 Posts: 10,804 Location: NAIROBI
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Angelica _ann wrote:Ericsson wrote:heri wrote:Metch wrote:heri wrote:Ericsson wrote:Profit warning pap Seriously? after i went all in at 3 bob to lower my ABP U should have seen this coming after H1 results. I dumped mine immediately after H1 results at 3.35 taking a loss of 20k. Bought Coop at 11.80. took my 150k profits at 16.00. life continues,,, Dump now,,, the race to 2bob is on But for next year, won't there be some significant savings on the interest they were paying on the bond? Company has zero debt. Full disclosures to be known when they release full year results in 3.5 months time Where did they get the money to fully settle the bond liability? Did they ever sell any of the parcels of land they advertised? Bond settlement was done through internal sources but full details will be known in release of FY19 results in March 2020 Parcels of land none has been sold. Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery
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Ericsson wrote:Angelica _ann wrote:Ericsson wrote:heri wrote:Metch wrote:heri wrote:Ericsson wrote:Profit warning pap Seriously? after i went all in at 3 bob to lower my ABP U should have seen this coming after H1 results. I dumped mine immediately after H1 results at 3.35 taking a loss of 20k. Bought Coop at 11.80. took my 150k profits at 16.00. life continues,,, Dump now,,, the race to 2bob is on But for next year, won't there be some significant savings on the interest they were paying on the bond? Company has zero debt. Full disclosures to be known when they release full year results in 3.5 months time Where did they get the money to fully settle the bond liability? Did they ever sell any of the parcels of land they advertised? Bond settlement was done through internal sources but full details will be known in release of FY19 results in March 2020 Parcels of land none has been sold. Huge exposure to the dustbowl property market...UAP issued a profit warning on the same....
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Rank: Elder Joined: 12/4/2009 Posts: 10,804 Location: NAIROBI
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the deal wrote:Ericsson wrote:Angelica _ann wrote:Ericsson wrote:heri wrote:Metch wrote:heri wrote:Ericsson wrote:Profit warning pap Seriously? after i went all in at 3 bob to lower my ABP U should have seen this coming after H1 results. I dumped mine immediately after H1 results at 3.35 taking a loss of 20k. Bought Coop at 11.80. took my 150k profits at 16.00. life continues,,, Dump now,,, the race to 2bob is on But for next year, won't there be some significant savings on the interest they were paying on the bond? Company has zero debt. Full disclosures to be known when they release full year results in 3.5 months time Where did they get the money to fully settle the bond liability? Did they ever sell any of the parcels of land they advertised? Bond settlement was done through internal sources but full details will be known in release of FY19 results in March 2020 Parcels of land none has been sold. Huge exposure to the dustbowl property market...UAP issued a profit warning on the same.... Dustbowl  Cic insurance will avoid a loss 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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the deal wrote:Ericsson wrote:Angelica _ann wrote:Ericsson wrote:heri wrote:Metch wrote:heri wrote:Ericsson wrote:Profit warning pap Seriously? after i went all in at 3 bob to lower my ABP U should have seen this coming after H1 results. I dumped mine immediately after H1 results at 3.35 taking a loss of 20k. Bought Coop at 11.80. took my 150k profits at 16.00. life continues,,, Dump now,,, the race to 2bob is on But for next year, won't there be some significant savings on the interest they were paying on the bond? Company has zero debt. Full disclosures to be known when they release full year results in 3.5 months time Where did they get the money to fully settle the bond liability? Did they ever sell any of the parcels of land they advertised? Bond settlement was done through internal sources but full details will be known in release of FY19 results in March 2020 Parcels of land none has been sold. Huge exposure to the dustbowl property market...UAP issued a profit warning on the same.... Q3 performance was terrible Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Member Joined: 5/6/2008 Posts: 199
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Ericsson wrote:Angelica _ann wrote:Ericsson wrote:heri wrote:Metch wrote:heri wrote:Ericsson wrote:Profit warning pap Seriously? after i went all in at 3 bob to lower my ABP U should have seen this coming after H1 results. I dumped mine immediately after H1 results at 3.35 taking a loss of 20k. Bought Coop at 11.80. took my 150k profits at 16.00. life continues,,, Dump now,,, the race to 2bob is on But for next year, won't there be some significant savings on the interest they were paying on the bond? Company has zero debt. Full disclosures to be known when they release full year results in 3.5 months time Where did they get the money to fully settle the bond liability? Did they ever sell any of the parcels of land they advertised? Bond settlement was done through internal sources but full details will be known in release of FY19 results in March 2020 Parcels of land none has been sold. I suspect a COOP bail out for this settlement; probably connected to CEO’s departure
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Rank: Veteran Joined: 8/28/2015 Posts: 1,247
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tandich wrote:Ericsson wrote:Angelica _ann wrote:Ericsson wrote:heri wrote:Metch wrote:heri wrote:Ericsson wrote:Profit warning pap Seriously? after i went all in at 3 bob to lower my ABP U should have seen this coming after H1 results. I dumped mine immediately after H1 results at 3.35 taking a loss of 20k. Bought Coop at 11.80. took my 150k profits at 16.00. life continues,,, Dump now,,, the race to 2bob is on But for next year, won't there be some significant savings on the interest they were paying on the bond? Company has zero debt. Full disclosures to be known when they release full year results in 3.5 months time Where did they get the money to fully settle the bond liability? Did they ever sell any of the parcels of land they advertised? Bond settlement was done through internal sources but full details will be known in release of FY19 results in March 2020 Parcels of land none has been sold. I suspect a COOP bail out for this settlement; probably connected to CEO’s departure What is current valution based on eps and market averages. Narrow escape. Not every day do hard work pay, luck also does some magic  ,Behold, a sower went forth to sow;....
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Rank: Elder Joined: 12/4/2009 Posts: 10,804 Location: NAIROBI
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Ericsson wrote:Profit warning pap  Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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