Is it true the insurance will be introduced at 6bob and is this price worth it?

This is the effective date that CFC-IH will be split from CFC-SH. Only those in the register on this date will get CFC-IH shares.

Approx 10% of the assets of CFC-SH will now go to CFC-IH hence the reduced price.

CFC-IH will list on 20th April. The introduction price for CFC-IH is Sh6.157 - is base on average paid by Liberty and African Liaison for their controlling stakes in CFC-IH [less 11%]

NAV as at 30 Jun 2010 = 6.48
HY EPS at 30 Jun 2010 = 0.54 [fy 31/12/10 not available]
Assumed P/E on listing date = 5.7

so would any of you consider buying and if yes at what price and when

.....surely CFC Stanbic Holdings is now trading at 58. G

iven an EPS of 12.1 for 2010 for the bank and a PE of 4.79,the share is being excessively punished (andthis may go on for quite some time). Don't think their prospects are that bad even with our competitive landscape in the banking sector.

It should be a darling for the speculators and even long term investors who are not faint hearted.

Lifted directly from the information memo sent out recently