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CFC Insurance Holdings - Share Price to tumble!
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mwanahisa
#21 Posted : Tuesday, April 26, 2011 3:17:58 PM
Rank: Elder

Joined: 6/2/2008
Posts: 1,438
@the deal. I am also a shareholder of CFC Stanbic Holdings, although with a rather small stake. I also got the Information Memorandum that Mukiha is referring to.
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mwanahisa
#22 Posted : Tuesday, April 26, 2011 4:17:56 PM
Rank: Elder

Joined: 6/2/2008
Posts: 1,438
@ the deal. I hope we can now put this matter to rest and watch the price action over the next few days.
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mwanahisa
#23 Posted : Tuesday, April 26, 2011 5:07:15 PM
Rank: Elder

Joined: 6/2/2008
Posts: 1,438
Something you may want to ponder...

Page 22 (7.7.1) of the Information Memorandum states. "The price per share of KSH 6.84 paid by Liberty was negotiated on an arm's length basis for a significant minority shareholding."

I guess some of us are happy to pay more than twice what a knowledgeable investor like Liberty were willing to pay.
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Iborian
#24 Posted : Tuesday, April 26, 2011 5:53:56 PM
Rank: Member

Joined: 4/17/2009
Posts: 194
I can see it went down a bit. Lakini, as I stated earlier, iko na wenyewe. They will be there to pick up the stray shares tomorrow.
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Aguytrying
#25 Posted : Tuesday, April 26, 2011 10:04:09 PM
Rank: Elder

Joined: 7/11/2010
Posts: 5,040
There's just something about share splits, rights issues, Ipo, Listing by introduction that makes investors get into euphoria mode and for this reason alone ill be speculating in Ipo's. Everyone knows this,so what is new? The uncertainty that always lies therein......
The investor's chief problem - and even his worst enemy - is likely to be himself
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PKoli
#26 Posted : Tuesday, April 26, 2011 11:51:18 PM
Rank: Elder

Joined: 2/10/2007
Posts: 1,587
Iborian wrote:
I can see it went down a bit. Lakini, as I stated earlier, iko na wenyewe. They will be there to pick up the stray shares tomorrow.


I think the company has been trading on too thin a volume for us to make meaningful judgement on the stock.
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xxxxx
#27 Posted : Wednesday, April 27, 2011 8:17:00 AM
Rank: Member

Joined: 3/20/2008
Posts: 503
[quote=mwanahisa]As I type this, I am looking at the very last page of the Advertiser's Announcement of the said date. Page F.

Page A has the results of CFC Stanbic Bank;
Page B - Stanbic Investment Management Sevices; &
CFC Stanbic Financial Services;
Page C - CFC Stanbic Holdings;
Page D - CFC Life;
Page E - The Heritage Insurance Company; & finally
Page F - CFC Insurance Holdings.

@Mwanahisa, Let me save you the trouble...though I still think some may not believe this.

Can Wazuans interested in the results of CFC Insurance Holdings Ltd as at 31 December 2010 (page F as per Mwanahisa's post above) let me know and I shall sambaza by email.
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Horton
#28 Posted : Wednesday, April 27, 2011 8:32:33 AM
Rank: Veteran

Joined: 8/30/2007
Posts: 1,558
Location: Nairobi
Aguytrying wrote:
There's just something about share splits, rights issues, Ipo, Listing by introduction that makes investors get into euphoria mode and for this reason alone ill be speculating in Ipo's. Everyone knows this,so what is new? The uncertainty that always lies therein......



CFC thing was actually a "spin-off"
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mukiha
#29 Posted : Wednesday, April 27, 2011 8:46:20 AM
Rank: Elder

Joined: 6/27/2008
Posts: 4,114
xxxxx wrote:
[quote=mwanahisa]As I type this, I am looking at the very last page of the Advertiser's Announcement of the said date. Page F.

Page A has the results of CFC Stanbic Bank;
Page B - Stanbic Investment Management Sevices; &
CFC Stanbic Financial Services;
Page C - CFC Stanbic Holdings;
Page D - CFC Life;
Page E - The Heritage Insurance Company; & finally
Page F - CFC Insurance Holdings.

@Mwanahisa, Let me save you the trouble...though I still think some may not believe this.

Can Wazuans interested in the results of CFC Insurance Holdings Ltd as at 31 December 2010 (page F as per Mwanahisa's post above) let me know and I shall sambaza by email.

Send it to Info@HumanBrainForSale.com
Nothing is real unless it can be named; nothing has value unless it can be sold; money is worthless unless you spend it.
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mukiha
#30 Posted : Wednesday, April 27, 2011 10:01:07 AM
Rank: Elder

Joined: 6/27/2008
Posts: 4,114
mukiha wrote:
xxxxx wrote:
[quote=mwanahisa]As I type this, I am looking at the very last page of the Advertiser's Announcement of the said date. Page F.

Page A has the results of CFC Stanbic Bank;
Page B - Stanbic Investment Management Sevices; &
CFC Stanbic Financial Services;
Page C - CFC Stanbic Holdings;
Page D - CFC Life;
Page E - The Heritage Insurance Company; & finally
Page F - CFC Insurance Holdings.

@Mwanahisa, Let me save you the trouble...though I still think some may not believe this.

Can Wazuans interested in the results of CFC Insurance Holdings Ltd as at 31 December 2010 (page F as per Mwanahisa's post above) let me know and I shall sambaza by email.

Send it to Info@HumanBrainForSale.com

Got it; thanks.

Things are not as rosy....

In 6mo to June 30 2010, CFCIH made 411m PBT from 2.168b in net earned premiums....

Then, come the end of the year (31/12/2010), the PBT came to only 482m from 3.53b in premiums.

That is; between 1/7/10 and 31/12/10, sales went up by 63% and PBT rose by only 17%

Now why people are buying it at 15bob?
Nothing is real unless it can be named; nothing has value unless it can be sold; money is worthless unless you spend it.
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