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CiC
PKoli
#1 Posted : Thursday, April 15, 2010 12:24:20 PM
Rank: Elder


Joined: 2/10/2007
Posts: 1,587
Wazuarians,

Any body who has CiC shares? They have consistently posted good results over the past three years.

They had a private listing a few years ago and the shares are a bit scarse.

Any one who has perused through their financials?
GACHERU
#2 Posted : Saturday, April 17, 2010 9:31:00 PM
Rank: New-farer


Joined: 4/12/2010
Posts: 1
Location: Nairobi
Pkoli,

I have a couple of them and the dividends have been quite handsome.

I hope the share will be listed at the NSE soon. The OTC trading may be limiting its market value. Do you have an idea of its
present trading price?

I have not yet seen their latest financials.
Willie
PKoli
#3 Posted : Sunday, April 18, 2010 1:18:56 PM
Rank: Elder


Joined: 2/10/2007
Posts: 1,587
@GACHERU

They have been trading in the range of 28-32. After announcement of results I managed to get 500 at 33 and a further at 35. The true price could be in the range of 35.

The results were posted in the dailies; eps grew from 8.5 to 11, sounds a powerful stock to me. Currently trading at a p/e of 3!!

As you correctly pointed out,getting the shares on the OTC is very difficult and of course the process of signing the forms even for 500 shares.

I think its true value will only be unlocked once the list on the NSE.

Good luck
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