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Cic
PKoli
#181 Posted : Tuesday, April 05, 2011 9:29:42 AM
Rank: Elder

Joined: 2/10/2007
Posts: 1,587
TUPAC wrote:
jerry wrote:
TUPAC wrote:
bartum wrote:
any one selling, holla to me

@bartum why dont you check with the brokers? i believe you could easily clinch a deal.

@TUPAC. Gud advice. I'll try ex-dividend. Is it SUNTRA, KINGDOM and AA who do OTC for CIC?

@bartum you are right. havent bought any from them but i understand they are the ones who deal with them.
when does it go ex-div? and is anyone aware of how much the dividend will be?


There is a huge demand for CIC and no supply at all. I have tried Suntra for the past one month and given up. This is so especially after they posted good FY results (reported in N. Papers).
PKoli
#182 Posted : Tuesday, April 05, 2011 9:32:54 AM
Rank: Elder

Joined: 2/10/2007
Posts: 1,587
Layman wrote:
...in in Information memorandum page 5 they indicated that the ...."shares issued and aloted under the terms of the Private Placement shall receive in full all dividends and dictributions declared..............for the ....year ending 31st dec 2010"


@Layman. Thanks for the info, I never got the IM. It looks they had just a few copies. I think they should pay good dividends given the stellar profits.
TUPAC
#183 Posted : Wednesday, April 06, 2011 5:33:55 PM
Rank: Member

Joined: 12/8/2009
Posts: 274
Location: Ltktk
Bugatti wrote:
@Layman and PKOLI
Latest info is that.If you applied for Righs you get 100 % of your application.If you applied for additional shares you will get 78 % of the application .

Refund=In April they will hold a special AGM to request sharesholders approve creation of additional Ordinary shares then if approved the balance of ie 22 % you expected as refund will be allocated the NEW created shares as at April meeting.Layman tafuta pesa ingine if you were waiting for refund.This is the Very latest from CIC offices

@bugatti is the AGM still in april?
...things fall apart...the centre cannot hold..mere anarchy is loosed upon the world...w b yeats
Aguytrying
#184 Posted : Wednesday, April 06, 2011 7:49:23 PM
Rank: Elder

Joined: 7/11/2010
Posts: 5,040
This company must be poor in communication, the shareholders are always asking questions. Id buy into it though
The investor's chief problem - and even his worst enemy - is likely to be himself
youcan'tstopusnow
#185 Posted : Wednesday, April 06, 2011 8:05:04 PM
Rank: Chief

Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
Aguytrying wrote:
This company must be poor in communication, the shareholders are always asking questions. Id buy into it though

Not worse than Olympia thoughLaughing out loudly The only thing they are good at reporting is losses
GOD BLESS YOUR LIFE
PKoli
#186 Posted : Thursday, April 07, 2011 9:16:45 AM
Rank: Elder

Joined: 2/10/2007
Posts: 1,587
I think for along time CIC was used to dealing with Saccos. It was a lot easier to communicate with few sacco officials; they now have to revamp their Corporate Communications department to deal with us, ordinary shareholders.
mwanahisa
#187 Posted : Thursday, April 07, 2011 10:06:21 AM
Rank: Elder

Joined: 6/2/2008
Posts: 1,438
@PKoli, you appear to be the most knowledgeable/active Wazuan regarding matters CIC. Could you kindly post for us the salient figures/ratios for CIC? This will enable us make an objective valuation of CIC versus the listed insurance companies.

I have in mind the NAV; EPS; Div Yield; growth rates in Net Premium income, Investment Income (if possible give a breakdown between realised gains and those attributed to gains in fair value on financial assets through P&L) and the overall growth in profitability. Kindly use the number of shares issued (post the rights issue assuming all those who asked for extra shares are alloted). This will provide a good view of the effect of the anticipated dilution.

Thanks is advance.

PKoli wrote:
I think for along time CIC was used to dealing with Saccos. It was a lot easier to communicate with few sacco officials; they now have to revamp their Corporate Communications department to deal with us, ordinary shareholders.

bartum
#188 Posted : Thursday, April 07, 2011 10:13:44 AM
Rank: Veteran

Joined: 8/11/2010
Posts: 1,011
Location: nairobi
@pkoli sure do us a favour to answer @mwanahisah question
PKoli
#189 Posted : Thursday, April 07, 2011 10:16:19 AM
Rank: Elder

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

I will be glad to do so if I get the annual accounts. I will not get those figures without the annual accounts. I hope they release before end of the month. As you are aware, the newspapers only quoted the gross premium and net profit.
madebe
#190 Posted : Friday, April 15, 2011 9:20:43 AM
Rank: Member

Joined: 10/7/2010
Posts: 251
Location: nairobi
cic will split their shares in 20 pieces. happy hunting
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