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Insurance Counters at NSE - Valuation & recommendation
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mwekez@ji
#31 Posted : Friday, February 01, 2013 12:58:40 PM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
#Tape reading #Kenya RE, supply of a high 623,000 shares is hovering at KES 12.50
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mwekez@ji
#32 Posted : Friday, February 01, 2013 1:06:47 PM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
#Tape reading #Kenya RE, KES 12.XX resistance has proved hard to break since year 2008
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mwekez@ji
#33 Posted : Friday, February 01, 2013 4:44:01 PM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
#Thinking_loudly, should we expect some goodies from Jubilee now that they cerebrated diamond jubilee this year
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mwekez@ji
#34 Posted : Friday, February 01, 2013 5:10:17 PM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
mwekez@ji wrote:
Britam – BUY – TP 8.32 (35% upside)
CFCI – BUY – TP 11.55 (66% upside)
Pan Africa – BUY – TP 74.70 (72% upside)
Kenya Re – BUY – TP 18.75 (59% upside)

CIC – SELL – TP 3.37 (18% downside)

Source: Standard Investment Bank – 30.01.2013


Link >>> http://www.sib.co.ke/media/docs...-Sector-IOC-20130130.pdf
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Aguytrying
#35 Posted : Friday, February 01, 2013 5:23:46 PM
Rank: Elder

Joined: 7/11/2010
Posts: 5,040
the deal wrote:
Aguytrying wrote:
mkonomtupu wrote:
The insurance industry is the last place I would invest. The entire industry 43 companies makes only 7-9 billion in profits compared to the banks 100 billion. There is low penetration with most individuals and companies only buying motor, fire, personal accident and group medical cover. Any insurance company doing group medical cover is just bleeding itself because the claims are huge. The kenya population has a bad attitude towards insurance and the prefer "tunaomba serikali.." plus a bad savings culture.

I had tried to speculate with CFCI/liberty last year until I realized they preferred to keep 3 billion in cash, owed a huge loan to NIC and the MD was talking about investing in real estate when the stock market was down


Ghai. I wish i knew this before i speculated recently. And the chairman is mentioned with the CMC drama.

Investors are always advised not to invest in a business they dont understand.


is that aimed at me? i understand this company and insurance in general.
interesting u respond to this after failing to in so many questions in the cfci rise thread
The investor's chief problem - and even his worst enemy - is likely to be himself
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FUNKY
#36 Posted : Wednesday, February 06, 2013 11:49:52 AM
Rank: Veteran

Joined: 4/30/2010
Posts: 1,635
Huge supply at CFC Insurance today..304,900 shares at 7/-..rare to see such a huge supply for CFCI..
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the deal
#37 Posted : Wednesday, February 06, 2013 1:03:48 PM
Rank: Elder

Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
Aguytrying wrote:
the deal wrote:
Aguytrying wrote:
mkonomtupu wrote:
The insurance industry is the last place I would invest. The entire industry 43 companies makes only 7-9 billion in profits compared to the banks 100 billion. There is low penetration with most individuals and companies only buying motor, fire, personal accident and group medical cover. Any insurance company doing group medical cover is just bleeding itself because the claims are huge. The kenya population has a bad attitude towards insurance and the prefer "tunaomba serikali.." plus a bad savings culture.

I had tried to speculate with CFCI/liberty last year until I realized they preferred to keep 3 billion in cash, owed a huge loan to NIC and the MD was talking about investing in real estate when the stock market was down


Ghai. I wish i knew this before i speculated recently. And the chairman is mentioned with the CMC drama.

Investors are always advised not to invest in a business they dont understand.


is that aimed at me? i understand this company and insurance in general.
interesting u respond to this after failing to in so many questions in the cfci rise thread

Not really...I will post a blog on this today...I think its much better that way btwn I hope u didnt sell because of what @Mkono said above?
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Aguytrying
#38 Posted : Wednesday, February 06, 2013 3:14:45 PM
Rank: Elder

Joined: 7/11/2010
Posts: 5,040
@the deal. I Dont change my mind that quickly. Im waiting for end year results and dividend. I got in on my own analysis and ill leave on my own. But i Dont trust the company enough for a long term hold.

Ive seen some stanlib adverts on kenyatta avenue. If u know liberty the parent in s.a u know what that means.... Asset management joining the businesses streams
The investor's chief problem - and even his worst enemy - is likely to be himself
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the deal
#39 Posted : Wednesday, February 06, 2013 3:29:04 PM
Rank: Elder

Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
Aguytrying wrote:
@the deal. I Dont change my mind that quickly. Im waiting for end year results and dividend. I got in on my own analysis and ill leave on my own. But i Dont trust the company enough for a long term hold.

Ive seen some stanlib adverts on kenyatta avenue. If u know liberty the parent in s.a u know what that means.... Asset management joining the businesses streams

StanLib is not part of the listed company, I know Liberty very well...theyre big dogs in SA but have struggled outside SA while Sanlam has flourished.
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techboy
#40 Posted : Wednesday, February 06, 2013 3:32:39 PM
Rank: User

Joined: 6/18/2009
Posts: 271
FUNKY wrote:
Huge supply at CFC Insurance today..304,900 shares at 7/-..rare to see such a huge supply for CFCI..


and the one who will absorb that what does he know that we donot ?
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