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youcan'tstopusnow
#521 Posted : Tuesday, July 17, 2012 11:58:05 PM
Rank: Chief

Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
PKoli wrote:
mwekez@ji wrote:
Finally, the long awaited IM is here, albeit at the last minute

http://cic.co.ke/downloads/CIC_...tion_Memorandum_2012.pdf



Many thanks for the IM. Let us wait for tomorrow. Any bidders?


Are you planning to bail?smile
GOD BLESS YOUR LIFE
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jerry
#522 Posted : Wednesday, July 18, 2012 12:14:36 AM
Rank: Elder

Joined: 9/29/2006
Posts: 2,570
guru267 wrote:
jerry wrote:
e_kijana wrote:
Read the IM... on the PSV issue it is clear from IM that they dont want to provide insurance for PSVs per se (like the rest of the PSV insurers), but want to invest in Public Service Vehicles in partnership with a society... basically be a Major shareholder in a new bus public transport company. If they end up insuring their own PSVs, then risk is very much minimised.

INVESCO is already in partnership with and partly owned by Matatu operators/SACCOs.


Kwani all PSVs are matatus??

@guru267. Nope but they could be the majority in terms of numbers.
The opposite of courage is not cowardice, it's conformity.
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PKoli
#523 Posted : Wednesday, July 18, 2012 12:51:22 AM
Rank: Elder

Joined: 2/10/2007
Posts: 1,587
youcan'tstopusnow wrote:
PKoli wrote:
mwekez@ji wrote:
Finally, the long awaited IM is here, albeit at the last minute

http://cic.co.ke/downloads/CIC_...tion_Memorandum_2012.pdf



Many thanks for the IM. Let us wait for tomorrow. Any bidders?


Are you planning to bail?smile


I only want to offload a few. I cant bail out of CIC. It is is one of my dream stocks!!
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mwekez@ji
#524 Posted : Wednesday, July 18, 2012 8:40:48 AM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
D Day!

I've seen very heavy security presence at Nation Centre. Looks like the president will grace this listing.

I hope my trading system wont misbehave today. Tick, Tock, Tick, Tock, ...
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mwekez@ji
#525 Posted : Wednesday, July 18, 2012 9:08:54 AM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
... and NSE has confirmed that it will be hosting His Excellency Hon. Mwai Kibaki, C.G.H., M.P. at the Trading Floor for CIC bell ringing ceremony.

Good publicity for the counter that the president will be there to witness its debut to NSE
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mwekez@ji
#526 Posted : Wednesday, July 18, 2012 9:30:18 AM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
At the listing price of KES 3.50, the counter will be trading at a trailing P/E of 13x against a sector average of 7.9x and a dividend yield of 2.57% against a sector average of 4.0%. (sib).
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heri
#527 Posted : Wednesday, July 18, 2012 9:31:07 AM
Rank: Member

Joined: 9/14/2011
Posts: 869
Location: nairobi
what is best price to sell at? am quoting a sell price of sh 12
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mwekez@ji
#528 Posted : Wednesday, July 18, 2012 9:57:18 AM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
heri wrote:
what is best price to sell at? am quoting a sell price of sh 12


Tough call mate. At KES 3.50 the share is already expensive compared to industry. KES 12 would absurdly put the P/E at 44.4x. The next few days at this counter will see shrewd bulls and bears slaughtering the pigs!

.
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Aguytrying
#529 Posted : Wednesday, July 18, 2012 10:16:00 AM
Rank: Elder

Joined: 7/11/2010
Posts: 5,040
mwekez@ji wrote:
heri wrote:
what is best price to sell at? am quoting a sell price of sh 12


Tough call mate. At KES 3.50 the share is already expensive compared to industry. KES 12 would absurdly put the P/E at 44.4x. The next few days at this counter will see shrewd bulls and bears slaughtering the pigs!

.

true. as some think its the time to enter the wise ones know its pay day. when will trading start. i love the excitement of a new listing.
this stock will make millionaires today. the share has been split so many times. imagine if one had a chunk before the splits?
The investor's chief problem - and even his worst enemy - is likely to be himself
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Kausha
#530 Posted : Wednesday, July 18, 2012 10:39:32 AM
Rank: Member

Joined: 2/8/2007
Posts: 808
General insurance companies are largely dud businesses especially those who have motor vehicle and medical insurance business in their portfolios. These two are killers. I would only buy an general insurer at a discount to NAV.

Life insurance businesses on the other hand are money spinners especially those o ntop of their cost structures and operational platforms. They will always make shit loads of cash and sooner or latter as our Retirement benefits sector matures and annuity become vogue life insurers will be money spinners!
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