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PKoli
#561 Posted : Thursday, July 19, 2012 8:20:53 PM
Rank: Elder

Joined: 2/10/2007
Posts: 1,587
BGL wrote:
PKoli wrote:
Aguytrying wrote:
2.50 is the maximum price i would pay for Cic. there's no such thing as a special share.

@Aguy,

Unless you do not want to own CIC, you might have to wait a little longer. Two stocks taught me a lesson;

1. ARM was trading at 28 and I said the maximum I can ever buy is at 26. I had a few but would have added a significant number. I watched it go to 64 and stagnate there for a while. I finally added some at 64. I offloaded at 120.

2. I was encouraged by a friend to buy equity bank, after listing at KES 135. The share was trading at 140 when I arrived at the brokers office at African Alliance, then upper hill. I was to buy about 20,000 shares. I felt 140 was too high and only bought 2,000 at 135 and cancelled the order for equity. Obviously equity went on to announce a bonus of 2 for every one. The 140 worth share went to 300. The rest as they say is history.


They also split it 1 to 10


Yeah, they split 1 to 10;
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bartum
#562 Posted : Friday, July 20, 2012 10:53:10 AM
Rank: Veteran

Joined: 8/11/2010
Posts: 1,011
Location: nairobi
CIC demand 163,500 supply 2,618,400 4.40 4.70 4
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  | | Edit by user: Friday, July 20, 2012 10:57 AM | Reason: Not specified
Aguytrying
#563 Posted : Friday, July 20, 2012 3:15:17 PM
Rank: Elder

Joined: 7/11/2010
Posts: 5,040
Still early days but the share seems to have a lot of support above 4.00-4.50.
550m (tradable)shares is ALOT of shares hence the heavy supply pressure. but its holding up. so far, so good.
The investor's chief problem - and even his worst enemy - is likely to be himself
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BGL
#564 Posted : Monday, January 07, 2013 11:50:01 PM
Rank: Veteran

Joined: 10/11/2009
Posts: 1,223
CIC Insurance acquires Sh1 billion land for real estate

http://www.businessdaily...92/-/yk6ymo/-/index.html
History will not remember you for your IQ. It will remember you for what you did. “Genius is 1 percent inspiration, 99 percent perspiration.” Thomas Edison
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VituVingiSana
#565 Posted : Tuesday, January 08, 2013 12:34:36 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,361
Location: Nairobi
[quote=BGL]CIC Insurance acquires Sh1 billion land for real estate

http://www.businessdaily...2/-/yk6ymo/-/index.html[/quote] Like everyone else.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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madebe
#566 Posted : Tuesday, January 08, 2013 9:21:03 AM
Rank: Member

Joined: 10/7/2010
Posts: 251
Location: nairobi
and who would want to buy a house in isinya for 6 - 12 million?
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jacmuchiri
#567 Posted : Tuesday, January 08, 2013 10:30:50 AM
Rank: New-farer

Joined: 9/11/2012
Posts: 12
Location: Bermuda
Probably they ultimately have REITs in mind.....just a thought....
...When they count the men who built Kenya, will you be in the list? I choose to go long term....
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VituVingiSana
#568 Posted : Tuesday, January 08, 2013 10:33:17 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,361
Location: Nairobi
madebe wrote:
and who would want to buy a house in isinya for 6 - 12 million?
CIC shareholders.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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josimar
#569 Posted : Tuesday, January 08, 2013 10:41:32 AM
Rank: Member

Joined: 7/6/2010
Posts: 242
Houses between 7 million and 12 million in ISINYA on the higher side. There has been hype of middle class in Kenya,from my observation for You to comfortable service a mortgage 0f 7million You need to be on a salary scale of 250,000 Kshs gross.Below that utaumia.
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VituVingiSana
#570 Posted : Tuesday, January 08, 2013 11:18:16 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,361
Location: Nairobi
House for 6mn with a deposit (down-payment) of 1mn = Loan for 5mn

Assuming no principal payments in Year 1 means interest at 16% [HFCK] before other closing costs is 800,000 per year OR 66,666 per month.

Add the following: Land Rates/Rent, Maintenance, Security, etc which can easily add 3,333/month to the cost.

So the minimum cash outflow in Year 1 is 70,000. At a tax rate of 30% the 'owner' needs to make 100,000 per month just to pay the mortgage. What about other expenses???
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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  | | Edit by user: Wednesday, January 09, 2013 2:09 AM | Reason: Not specified
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