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CFCI Rise
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Aguytrying
#11 Posted : Tuesday, January 29, 2013 10:22:09 AM
Rank: Elder

Joined: 7/11/2010
Posts: 5,040
uchumi wrote:
last year EPS was 1.84.This year we expect better results than last year.This will as a result ofinvestment income and rise in stocks.


This is the point i was making a above. The 1.84 eps, did not include the stocks they hold. It was the insurance business on its own. If you added the stocks they hold it would have been a negative EPS.
Check out the FY 2011 results.

If you check HY 2012 results, the EPS is lower than HY 2011. insurance biz vs insurance biz.
stocks wanaweka kando.

so 2012 EPS will most definately be lower than 2011 EPS (insurance biz)
Howerver overall EPS including stocks will most definately be higher.

@ the deal. Why do they separate the two???
The investor's chief problem - and even his worst enemy - is likely to be himself
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  | | Edit by user: Tuesday, January 29, 2013 10:26 AM | Reason: Not specified
Aguytrying
#12 Posted : Tuesday, January 29, 2013 3:38:47 PM
Rank: Elder

Joined: 7/11/2010
Posts: 5,040
I decided to go for the head, liberty holdings ZA.
That owns 56% of CFCI(liberty holdings kenya)

got, me thinking, they may buy more interest in CFCI because the other subsidiaries they own the least is 75%. decided to speculate with few at 7.00. estimate div to be 0.25-0.35 optimistically.
The investor's chief problem - and even his worst enemy - is likely to be himself
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  | | Edit by user: Tuesday, January 29, 2013 3:42 PM | Reason: Not specified
Mukiri
#13 Posted : Tuesday, January 29, 2013 3:44:26 PM
Rank: Elder

Joined: 7/11/2012
Posts: 5,222
Aguytrying wrote:
I decided to go for the head, liberty holdings ZA.
That owns 56% of CFCI(liberty holdings kenya)

got, me thinking, they may buy more interest in CFCI because the other subsidiaries they own the least is 75%. decided to speculate with few at 7.00. estimate div to be 0.25-0.35 optimistically.


Which market?

Proverbs 19:21
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Aguytrying
#14 Posted : Tuesday, January 29, 2013 5:20:57 PM
Rank: Elder

Joined: 7/11/2010
Posts: 5,040
Mukiri wrote:
Aguytrying wrote:
I decided to go for the head, liberty holdings ZA.
That owns 56% of CFCI(liberty holdings kenya)

got, me thinking, they may buy more interest in CFCI because the other subsidiaries they own the least is 75%. decided to speculate with few at 7.00. estimate div to be 0.25-0.35 optimistically.


Which market?


nse. i went for the head to look for info.
The investor's chief problem - and even his worst enemy - is likely to be himself
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Aguytrying
#15 Posted : Friday, March 08, 2013 5:20:53 PM
Rank: Elder

Joined: 7/11/2010
Posts: 5,040
CFCI at 8.30. touching intra-day upper limit on two consecutive days.
Perfect time to renew the thread.
5 weeks later and me is a happy man, purely speculative though. Not comfy enough for a long play #management
The investor's chief problem - and even his worst enemy - is likely to be himself
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Mastermind
#16 Posted : Friday, March 08, 2013 6:31:32 PM
Rank: Veteran

Joined: 1/25/2012
Posts: 1,624
Location: Langley
Aguytrying wrote:
CFCI at 8.30. touching intra-day upper limit on two consecutive days.
Perfect time to renew the thread.
5 weeks later and me is a happy man, purely speculative though. Not comfy enough for a long play #management


I will spoil the party on Monday. This bus can't leave without yours truly.
If you have built castles in the air, your work need not be lost; that is where they should be. Now put the foundations under them.
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PKoli
#17 Posted : Saturday, March 09, 2013 2:06:47 PM
Rank: Elder

Joined: 2/10/2007
Posts: 1,587
uchumi wrote:
last year EPS was 1.84.This year we expect better results than last year.This will as a result ofinvestment income and rise in stocks.


I thought CFCI had a reduction in HY results. That is what contributed to the share price stagnating in the KES 6.7-7 range. Any magic in their second HY?
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PKoli
#18 Posted : Saturday, March 09, 2013 2:08:29 PM
Rank: Elder

Joined: 2/10/2007
Posts: 1,587
uchumi wrote:
last year EPS was 1.84.This year we expect better results than last year.This will as a result ofinvestment income and rise in stocks.


I thought CFCI had a reduction in HY results. That is what contributed to the share price stagnating in the KES 6.7-7 range. Any magic in their second HY results? I guess the recent rally is due to the general market upward trend not necessarily excellent fundamentals of the stock. However, I have been a great buyer of CFCI. My target price is KES 18.
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  | | Edit by user: Saturday, March 09, 2013 2:10 PM | Reason: Not specified
Hunderwear
#19 Posted : Saturday, March 09, 2013 4:57:08 PM
Rank: Member

Joined: 4/14/2011
Posts: 639
PKoli wrote:
uchumi wrote:
last year EPS was 1.84.This year we expect better results than last year.This will as a result ofinvestment income and rise in stocks.


I thought CFCI had a reduction in HY results. That is what contributed to the share price stagnating in the KES 6.7-7 range. Any magic in their second HY results? I guess the recent rally is due to the general market upward trend not necessarily excellent fundamentals of the stock. However, I have been a great buyer of CFCI. My target price is KES 18.


18 ksh??Isnt it abit too much?fundamentally its not supported I think
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Aguytrying
#20 Posted : Saturday, March 09, 2013 8:14:13 PM
Rank: Elder

Joined: 7/11/2010
Posts: 5,040
Hunderwear wrote:
PKoli wrote:
uchumi wrote:
last year EPS was 1.84.This year we expect better results than last year.This will as a result ofinvestment income and rise in stocks.


I thought CFCI had a reduction in HY results. That is what contributed to the share price stagnating in the KES 6.7-7 range. Any magic in their second HY results? I guess the recent rally is due to the general market upward trend not necessarily excellent fundamentals of the stock. However, I have been a great buyer of CFCI. My target price is KES 18.


18 ksh??Isnt it abit too much?fundamentally its not supported I think


CFCI at 7.00 was trading at a p/b of ~0.8, pe below 10.

Despite insurance biz doing worse than last year at H1 2012, the investment income is doing VERY well. so expect a div. and better results (overall than last year-see my post above). insurance against elections sweetens the pot further.

To me its no surprise its rallying, market effect or not. Going to 10.00 very soon

The investor's chief problem - and even his worst enemy - is likely to be himself
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  | | Edit by user: Saturday, March 09, 2013 8:16 PM | Reason: Not specified
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