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The following stocks will move this week(15-19 Nov 2010)
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the deal
#11 Posted : Monday, November 15, 2010 10:08:52 AM
Rank: Elder

Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
mwanahisa wrote:
VituVingiSana wrote:
the deal wrote:
@Pkoli a cold 6 pack of castle lager to the cfcstanbic management for unlocking shareholder value...they're clearly teaching their E.Africans how to unlock shareholder value.
Puhleeze! The Kenyan banks have whacked Stanbic! CFC's former peers profits have exploded... DTBK, I&M, NIC, etc...


Truth be told. The South Africans have done ZERO for former CFC shareholders. I have been both a shareholder and customer at both the brokerage and the bank. The bank in particular has been frustrating me at every turn until I had to open an account with one of their competitors.

Uhmm it has been 2 years now and we have not seen any new listing on the NSE..thanx to the Southerners Cfc insurancr is coming nxt month....its just not empty shell...its verry profitable...income from insurance premiums was 600M up 31% during 1H 2010
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mwanahisa
#12 Posted : Monday, November 15, 2010 10:21:36 AM
Rank: Elder

Joined: 6/2/2008
Posts: 1,438
I agree CFC Insurance Holdings is not an empty shell. However, I would disagree with you about it being very profitable - as compared to what? Both Jubilee and Panafric Insurance topped them in profitability growth.

And CFCIH PAT for the 6 months was Kshs 169 million and not 600 M. I am aware that Heritage reported 258 M while CFC Life reported 168 M. I have not quite worked out why the big difference between what CFCIH is reporting vis-a-vis the subsids even though Heritage is not fully owned. Still your figure of 600M is way off!
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the deal
#13 Posted : Monday, November 15, 2010 11:26:00 AM
Rank: Elder

Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
mwanahisa wrote:
I agree CFC Insurance Holdings is not an empty shell. However, I would disagree with you about it being very profitable - as compared to what? Both Jubilee and Panafric Insurance topped them in profitability growth.

And CFCIH PAT for the 6 months was Kshs 169 million and not 600 M. I am aware that Heritage reported 258 M while CFC Life reported 168 M. I have not quite worked out why the big difference between what CFCIH is reporting vis-a-vis the subsids even though Heritage is not fully owned. Still your figure of 600M is way off!


Lakini 600M in revenue not PAT...bdw where did u get ur numbers from? do heritage and cfc life release no's separately? i would to see them...i like liberty's strategy..do u know how much the share will go for?
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VituVingiSana
#14 Posted : Monday, November 15, 2010 11:53:11 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,349
Location: Nairobi
mwanahisa wrote:
VituVingiSana wrote:
the deal wrote:
@Pkoli a cold 6 pack of castle lager to the cfcstanbic management for unlocking shareholder value...they're clearly teaching their E.Africans how to unlock shareholder value.
Puhleeze! The Kenyan banks have whacked Stanbic! CFC's former peers profits have exploded... DTBK, I&M, NIC, etc...


Truth be told. The South Africans have done ZERO for former CFC shareholders. I have been both a shareholder and customer at both the brokerage and the bank. The bank in particular has been frustrating me at every turn until I had to open an account with one of their competitors.
I did the same... I ran to I&M Bank & could not be happier [expect for the limited number of branches & hours]!
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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PKoli
#15 Posted : Monday, November 15, 2010 5:21:21 PM
Rank: Elder

Joined: 2/10/2007
Posts: 1,587
mwanahisa wrote:
I agree CFC Insurance Holdings is not an empty shell. However, I would disagree with you about it being very profitable - as compared to what? Both Jubilee and Panafric Insurance topped them in profitability growth.

And CFCIH PAT for the 6 months was Kshs 169 million and not 600 M. I am aware that Heritage reported 258 M while CFC Life reported 168 M. I have not quite worked out why the big difference between what CFCIH is reporting vis-a-vis the subsids even though Heritage is not fully owned. Still your figure of 600M is way off!


Today, CFC traded unusually high volume. It had second highest turnover; something must be in the offing.
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guru267
#16 Posted : Monday, November 15, 2010 5:49:20 PM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
Sober wrote:
Unga holdings. book for dividends close in two weeks time. i am hoping for a rally.



Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly

@SOBER yaani you have made me laugh... If you still own unga waiting for a books closure rally then I have no words.... Unga can only be owned by long term guys like @VVS

I will probably buy it at 10 bob by year end
Mark 12:29
Deuteronomy 4:16
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VituVingiSana
#17 Posted : Monday, November 15, 2010 6:34:19 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,349
Location: Nairobi
LOL... One of my 'long-terms' investments is starting to pay off... I kept my eye on the prize... and might have to wait for another 2 years but the payoff will be huge!
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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the deal
#18 Posted : Monday, November 15, 2010 7:23:57 PM
Rank: Elder

Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
CFC Insurance has gotten regulatory approval to list 515M shares by way of introduction-Bloomberg
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