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e_kijana
#391 Posted : Wednesday, May 23, 2012 1:52:10 PM
Rank: Member

Joined: 1/17/2009
Posts: 55
@Investor1. I understand they will be sending to the postal addresses on 28th May - Monday.
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Investor1
#392 Posted : Wednesday, May 23, 2012 2:33:58 PM
Rank: Member

Joined: 1/20/2009
Posts: 13
Thanks will wait.....
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e_kijana
#393 Posted : Friday, May 25, 2012 1:25:39 PM
Rank: Member

Joined: 1/17/2009
Posts: 55
from Co-op Q1 results:
Share of profits from associate - CIC in Q1 is at a Massive Ksh 121M

Considering that Co-op owns ~26% of CIC, It means that CIC Q1 profits is Ksh 465M. They have achieved in Q1 slightly more that half what they achieved in 4 quarters OF 2011. This will be a muscular yar for CIC!!
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bartum
#394 Posted : Friday, May 25, 2012 2:24:50 PM
Rank: Veteran

Joined: 8/11/2010
Posts: 1,011
Location: nairobi
e_kijana wrote:
from Co-op Q1 results:
Share of profits from associate - CIC in Q1 is at a Massive Ksh 121M

Considering that Co-op owns ~26% of CIC, It means that CIC Q1 profits is Ksh 465M. They have achieved in Q1 slightly more that half what they achieved in 4 quarters OF 2011. This will be a muscular yar for CIC!!

money googles
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Layman
#395 Posted : Friday, May 25, 2012 2:49:34 PM
Rank: Member

Joined: 9/21/2006
Posts: 422
Location: Nairobi
e_kijana wrote:
from Co-op Q1 results:
Share of profits from associate - CIC in Q1 is at a Massive Ksh 121M

Considering that Co-op owns ~26% of CIC, It means that CIC Q1 profits is Ksh 465M. They have achieved in Q1 slightly more that half what they achieved in 4 quarters OF 2011. This will be a muscular yar for CIC!!


He he heeeeeeeeeeee, umenichekesha saaaaaaana sana tu! CIC has not even released its first qtr 2012. Wewe...... pole mzee, Its the dividends Co-op bank earned in CIC for yr 2011 that was received by Co-op bank in their 1st qtr 2012 hence an income in that qtr. I hope I made yu understand.
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  | | Edit by user: Friday, May 25, 2012 2:51 PM | Reason: Not specified
luxel
#396 Posted : Friday, May 25, 2012 3:12:52 PM
Rank: Member

Joined: 7/17/2008
Posts: 152
I don't know between kijana and layman who should be laughing at the other.

@Layman, How is it that CIC dividend for 2010 was kshs.1.60 per share and coop bank got kshs 153M and when dividend goes up in 2011 to kshs 1.80 and the bank increase shareholding from 22% to 26% they are now getting kshs 121M.

If anything, as at 31st march 2012 CIC had not paid dividend (even to date). But it is possible that the bank could estimate the earnings from the unaudited Q1 results.
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e_kijana
#397 Posted : Friday, May 25, 2012 3:20:32 PM
Rank: Member

Joined: 1/17/2009
Posts: 55
@Layman- you are truly a laymansmile because you are guessing here. Learn how to read financial statements. I will quickly prove that you are wrong... Total dividend for fy2011 for CIC is 0.09x2.2billion=ksh 198m. Are you saying that co-op with ~26% will be paid 121m out of 198m total dividend? Do the math as it will show your that is ridiculous.

Read my post again and learn:)
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e_kijana
#398 Posted : Friday, May 25, 2012 3:27:57 PM
Rank: Member

Joined: 1/17/2009
Posts: 55
@layman-CIC doesn't have to announce for co-op to know. It's an associate company after all so there are other channels...
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QW25091985
#399 Posted : Friday, May 25, 2012 3:29:48 PM
Rank: User

Joined: 1/24/2012
Posts: 1,675
Location: In Da Hood
@ layman . if financial statements are very hard ( and they are ) just look at the charts . its all there !
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Hunderwear
#400 Posted : Friday, May 25, 2012 3:32:18 PM
Rank: Member

Joined: 4/14/2011
Posts: 639
Layman wrote:
e_kijana wrote:
from Co-op Q1 results:
Share of profits from associate - CIC in Q1 is at a Massive Ksh 121M

Considering that Co-op owns ~26% of CIC, It means that CIC Q1 profits is Ksh 465M. They have achieved in Q1 slightly more that half what they achieved in 4 quarters OF 2011. This will be a muscular yar for CIC!!


He he heeeeeeeeeeee, umenichekesha saaaaaaana sana tu! CIC has not even released its first qtr 2012. Wewe...... pole mzee, Its the dividends Co-op bank earned in CIC for yr 2011 that was received by Co-op bank in their 1st qtr 2012 hence an income in that qtr. I hope I made yu understand.



you are equally ignorant...the proposed dividend for 2011 is 196m for all shareholders so coop entitlement is around 50m!!!!
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