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cic half year performance
Rank: Elder Joined: 2/10/2007 Posts: 1,587
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@ bartum
I think so. The CEO was very passionate about where he would like the company to be in a few years. Seeing where it came from, it sounds the Equity way. Coupled with the strong Cooperative movement in the country and its symbiotic relationship with Co-op Bank, it is poised to give handsome yields.
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Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
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Why not own CIC through COOP if they are the single largest shareholder? (Anyone with the percentage?) GOD BLESS YOUR LIFE
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Rank: Elder Joined: 2/10/2007 Posts: 1,587
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youcan'tstopusnow wrote:Why not own CIC through COOP if they are the single largest shareholder? (Anyone with the percentage?) The ownership of Coop was a recent development. They must have bought more than Harambee. I believe they should be having about 10% of Class A shareholings now.
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Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
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youcan'tstopusnow wrote:Why not own CIC through COOP if they are the single largest shareholder? (Anyone with the percentage?) This is the exact reason i bought jubilee... I get to own DTB and TPS also Mark 12:29 Deuteronomy 4:16
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Rank: Elder Joined: 9/29/2006 Posts: 2,570
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guru267 wrote:youcan'tstopusnow wrote:Why not own CIC through COOP if they are the single largest shareholder? (Anyone with the percentage?) This is the exact reason i bought jubilee... I get to own DTB and TPS also cic is different. It is not yet listed and the advantages that accrue with listing are so huge that I cannot avoid getting in given a chance. You get to multiply ur wealth by more than 100 times among other benefits. The opposite of courage is not cowardice, it's conformity.
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Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
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jerry, 100 times? GOD BLESS YOUR LIFE
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Rank: Veteran Joined: 8/30/2007 Posts: 1,558 Location: Nairobi
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Hmmm pbt of +27%. Hmmm jub still has a leg up on this
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Rank: Elder Joined: 2/10/2007 Posts: 1,587
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Any one with information on when CIC is likely to float the rights share? After the EGM things have gone pretty quiet!
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Rank: Elder Joined: 2/10/2007 Posts: 1,587
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youcan'tstopusnow wrote:jerry, 100 times? I see ten times in about 2 years given the current prices are extremely undervalued. The funds from the rights issue if well utilized, and their expansion program should also lift the stock value much higher
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Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
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Horton wrote:Hmmm pbt of +27%. Hmmm jub still has a leg up on this @horton you are so right... i dont know why guys are chasing CIC OTC when they have a better perfomer on the NSE... Mark 12:29 Deuteronomy 4:16
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