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CIC by yaserbigchair
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King G
#41 Posted : Thursday, July 19, 2012 6:29:53 PM
Rank: Elder

Joined: 6/20/2012
Posts: 3,855
Location: Othumo
heri wrote:
what is the price at the demand level of 4.6m


Wacha wakaye nayo for now
Thieves
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hisah
#42 Posted : Thursday, July 19, 2012 6:55:17 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
heri wrote:
what is the price at the demand level of 4.6m

You can check it here - http://live.rich.co.ke/bdexp/index.php

Select the stock you want to review.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Okonkwo
#43 Posted : Friday, July 20, 2012 11:24:59 AM
Rank: Member

Joined: 1/29/2009
Posts: 85
Quote:

Actually sorry 2.2B shares multiply by 3.50 to get 7B+. Divide this by the total shareholders funds. So obviously at 4.75, it's even worse.


@Kausha
What is the shareholder funds total? Because myself I am getting NAV of 5.1
How are you getting 4.5% may be my formula is wrong
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guru267
#44 Posted : Saturday, July 21, 2012 12:07:02 AM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
Okonkwo wrote:
Quote:

Actually sorry 2.2B shares multiply by 3.50 to get 7B+. Divide this by the total shareholders funds. So obviously at 4.75, it's even worse.


@Kausha
What is the shareholder funds total? Because myself I am getting NAV of 5.1
How are you getting 4.5% may be my formula is wrong

The shareholder funds equates to 4.8billion kshs.. Divide this by the 2.2billion shares and you get a NAV of 2.2bob.

This gives a price /book of 2.15
Mark 12:29
Deuteronomy 4:16
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e_kijana
#45 Posted : Sunday, July 22, 2012 5:14:27 AM
Rank: Member

Joined: 1/17/2009
Posts: 55
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PKoli
#46 Posted : Monday, July 23, 2012 11:31:35 AM
Rank: Elder

Joined: 2/10/2007
Posts: 1,587
e_kijana wrote:
http://cic.co.ke/press/396-gceo-listing-speech?start=1

Enlightening


Thanks good info and fact the they are on target to meet projected premium income of 9B shows these guys are serious..
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hisah
#47 Posted : Monday, July 23, 2012 3:04:38 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
PKoli wrote:
e_kijana wrote:
http://cic.co.ke/press/396-gceo-listing-speech?start=1

Enlightening


Thanks good info and fact the they are on target to meet projected premium income of 9B shows these guys are serious..


Now if only this thing could bleed to 3/- for a discounted entry smile
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Horton
#48 Posted : Tuesday, July 24, 2012 12:32:08 AM
Rank: Veteran

Joined: 8/30/2007
Posts: 1,558
Location: Nairobi
Great company. Only one listed with a combined ratio below 1.0.

However, I find it a tad expensive at a pe of 15. Then again...ur paying for quality.

Will definitely get in if it drops to a pe of 10 and below.....if that ever happens
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e_kijana
#49 Posted : Tuesday, July 24, 2012 2:03:08 AM
Rank: Member

Joined: 1/17/2009
Posts: 55
Look at the forward PE... you are focused on the side mirror and this is a growth company. you saw Q1 results which were muscular and we know they hit 4B+ In H1 revenue fromthis speech. You can expect the H1 results will be announced by mid August latest as this is an obligation now that it is listed
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e_kijana
#50 Posted : Tuesday, July 24, 2012 2:05:08 AM
Rank: Member

Joined: 1/17/2009
Posts: 55
No 2 Insurer in Kenya is impressive and is Only behind Jubilee (from a market share perspective). They will potentially glide past in next few years as they have a wider base to tap into.
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