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CIC by yaserbigchair
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mwekez@ji
#121 Posted : Tuesday, July 31, 2012 5:49:48 PM
Rank: Chief


Joined: 5/31/2011
Posts: 5,121
"CIC Insurance rallied 8.42% to close at 5.15 and traded 1.68m shares worth 8.693m. CIC Insurance was introduced via a Listing on 18th July. The Price Discovery Process saw CIC retreat 22.8571% July 18th through July 25th and has subsequently snapped 27.16% higher July 25th through todays Close." Rich

If NSE allowed both going long and short, bull and bears would make good money here. As it is at right now, very few have been able to grab the share when the downtrend reversed. Dont be caught chasing this bus.
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Ericsson
#122 Posted : Wednesday, August 01, 2012 11:47:46 AM
Rank: Elder


Joined: 12/4/2009
Posts: 10,702
Location: NAIROBI
CIC come down again to ksh.4 and below levels
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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heri
#123 Posted : Wednesday, August 01, 2012 11:56:33 AM
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Joined: 9/14/2011
Posts: 834
Location: nairobi
does anyone know when Co-op bank is likely to release half year results to give us an indication of CIC performance

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mwekez@ji
#124 Posted : Wednesday, August 01, 2012 11:57:53 AM
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Joined: 5/31/2011
Posts: 5,121
Seesaw ...
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boyd
#125 Posted : Wednesday, August 01, 2012 1:06:26 PM
Rank: New-farer


Joined: 4/3/2012
Posts: 13
come baby come. I thought it had gone up for good
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e_kijana
#126 Posted : Wednesday, August 01, 2012 2:26:26 PM
Rank: Member


Joined: 1/17/2009
Posts: 55
boyd wrote:
come baby come. I thought it had gone up for good


People had started blaming the co-op registry for the upward trend in the past 3 days... we and our conspirancies...
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hisah
#127 Posted : Wednesday, August 01, 2012 3:53:25 PM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
mwekez@ji wrote:
"CIC Insurance rallied 8.42% to close at 5.15 and traded 1.68m shares worth 8.693m. CIC Insurance was introduced via a Listing on 18th July. The Price Discovery Process saw CIC retreat 22.8571% July 18th through July 25th and has subsequently snapped 27.16% higher July 25th through todays Close." Rich

If NSE allowed both going long and short, bull and bears would make good money here. As it is at right now, very few have been able to grab the share when the downtrend reversed. Dont be caught chasing this bus.


This price action whiplash feels like forex day trading. I believe many fx traders will agree with me here... Dizzy stuff!
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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King G
#128 Posted : Tuesday, August 21, 2012 4:31:12 PM
Rank: Elder


Joined: 6/20/2012
Posts: 3,855
Location: Othumo
It is coming down slowly or it will be hyped again back to 4.8 bob
Thieves
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FUNKY
#129 Posted : Tuesday, August 21, 2012 4:34:30 PM
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Joined: 4/30/2010
Posts: 1,635
If the half year results turn out to be good i am sure it might shoot back to 4.80-5.00.
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PKoli
#130 Posted : Tuesday, August 21, 2012 4:54:03 PM
Rank: Elder


Joined: 2/10/2007
Posts: 1,587
FUNKY wrote:
If the half year results turn out to be good i am sure it might shoot back to 4.80-5.00.


They have to be really very good to push prices to those levels.
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StatMeister
#131 Posted : Tuesday, August 21, 2012 5:05:14 PM
Rank: Veteran


Joined: 5/23/2010
Posts: 868
Location: La Islas Galápagos
PKoli wrote:
FUNKY wrote:
If the half year results turn out to be good i am sure it might shoot back to 4.80-5.00.


They have to be really very good to push prices to those levels.


This one will taste sub-4.00, irrespective.
A bad day fishing is better than a good day at work
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PKoli
#132 Posted : Tuesday, August 21, 2012 5:10:50 PM
Rank: Elder


Joined: 2/10/2007
Posts: 1,587
StatMeister wrote:
PKoli wrote:
FUNKY wrote:
If the half year results turn out to be good i am sure it might shoot back to 4.80-5.00.


They have to be really very good to push prices to those levels.


This one will taste sub-4.00, irrespective.



I concur with you, unless they post 100% growth in PAT
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FUNKY
#133 Posted : Monday, August 27, 2012 3:12:41 PM
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Joined: 4/30/2010
Posts: 1,635
CIC has really taken a beating today..traded at a low price of 4.05/-...they should announce results soon.
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Hunderwear
#134 Posted : Monday, August 27, 2012 3:49:15 PM
Rank: Member


Joined: 4/14/2011
Posts: 639
FUNKY wrote:
CIC has really taken a beating today..traded at a low price of 4.05/-...they should announce results soon.


This can be gotten from the coop results under profit from associate
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King G
#135 Posted : Monday, August 27, 2012 5:59:08 PM
Rank: Elder


Joined: 6/20/2012
Posts: 3,855
Location: Othumo
Hunderwear wrote:
FUNKY wrote:
CIC has really taken a beating today..traded at a low price of 4.05/-...they should announce results soon.


This can be gotten from the coop results under profit from associate


You cant decepher that, Coop has got about 5 associates
Thieves
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kyt
#136 Posted : Tuesday, August 28, 2012 10:43:06 AM
Rank: Elder


Joined: 11/7/2007
Posts: 2,182
looks like 4 bob is the support level. But the results will really be the pointer to the direction of this stock
LOVE WHAT YOU DO, DO WHAT YOU LOVE.
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StatMeister
#137 Posted : Tuesday, August 28, 2012 10:49:03 AM
Rank: Veteran


Joined: 5/23/2010
Posts: 868
Location: La Islas Galápagos
More likely to sink lower
A bad day fishing is better than a good day at work
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Ericsson
#138 Posted : Tuesday, August 28, 2012 10:49:31 AM
Rank: Elder


Joined: 12/4/2009
Posts: 10,702
Location: NAIROBI
Waiting for it at Ksh.3.20
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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mwekez@ji
#139 Posted : Tuesday, August 28, 2012 11:44:33 AM
Rank: Chief


Joined: 5/31/2011
Posts: 5,121
King G wrote:
Hunderwear wrote:
FUNKY wrote:
CIC has really taken a beating today..traded at a low price of 4.05/-...they should announce results soon.


This can be gotten from the coop results under profit from associate


You cant decepher that, Coop has got about 5 associates


Coop has 4 subsidiaries and only 1 associate (CIC). Check page 2 of coop 2011 annual report to see the subsidiaries and page 87 to see investment in associate.

A look of Q1 and H1 2012 Coop Bank share of profit from CIC is as follows:
Q1 2012: KES 121,502,000 which then declined to KES 110,291,000 in H2 2012.

BIG Question is what halted the good run from Q1 2012?
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FUNKY
#140 Posted : Tuesday, August 28, 2012 11:49:28 AM
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Joined: 4/30/2010
Posts: 1,635
I got information that the directors have been selling their shares recently...results might be bad!!
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