Well put/said @Stocksmaster...with you around we dont need the likes of Yasser to returns....LOL...

@ stocksmaster what plans does CFC have to turn the insurance into a profit making entity ... apart from selling it off??
Would you buy it at a P/E of 5??

Happy hunting!

@Stockmaster,
the deal was not around then....and they say,he who does not go out often,is convinced that his mama is the best cook...lol

The listing reminds me of the Kenya Re IPO three and a quarter years ago. The listing was at a price of KSh 9.50. As at todays closing price, it has gained by only 20 per cent within that time.
Compairing Kenya RE with CFC insuarance:
Kenya RE:Trading at a P/e of 5 and a dividend yield of abt 2.3 per cent.EPS of 2.21
CFC Insuarance: Made a loss of Ksh 1.40 per share last year.Made some KSh 0.375 half yr this year. Last years loss means that the reserves need boosting hence dont expect any meaningful dividends this year.
If both traded at a P/E of 5, which would you buy (If at all you fancy insuarance stocks)?

Happy hunting.


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I was also not around during big-chair's hey days, but if he's anything like our stocksmaster, bring it on. (three and a quarter years.....wacha tu)