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cic insurance @ 5sh cheap stock or value trap?
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Mt-KenyaMafia
#1 Posted : Tuesday, April 12, 2016 5:21:29 PM
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Joined: 4/12/2016
Posts: 6
Location: central
dear wazuans
is cic a good buy in the current bear market or is it doomed to a steady decline despite previous results?
Respice post te, Hominem te esse memento, memento mori
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Ericsson
#2 Posted : Tuesday, April 12, 2016 5:47:39 PM
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Joined: 12/4/2009
Posts: 10,808
Location: NAIROBI
@Mt KenyaMafia
That counter has nine lives it will bounce back utashangaa
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Spikes
#3 Posted : Tuesday, April 12, 2016 7:16:32 PM
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Joined: 9/20/2015
Posts: 2,811
Location: Mombasa
Ericsson wrote:
@Mt KenyaMafia
That counter has nine lives it will bounce back utashangaa



When will it bounce back?
John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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Mt-KenyaMafia
#4 Posted : Tuesday, April 12, 2016 8:54:37 PM
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@Ericsson but it has been stagnating since last year's Q4 with no light at the end of its tunnel
Respice post te, Hominem te esse memento, memento mori
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Sam_Kibs
#5 Posted : Wednesday, April 13, 2016 8:19:12 AM
Rank: New-farer

Joined: 7/1/2015
Posts: 67
Mt-KenyaMafia wrote:
dear wazuans
is cic a good buy in the current bear market or is it doomed to a steady decline despite previous results?

I don't know but i think it has not bottomed out yet. Mr. bear is still in town and anything is possible.
“It’s no good, it’s no good!” says the buyer—
then goes off and boasts about the purchase-Proverbs 20:14
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Spikes
#6 Posted : Wednesday, April 13, 2016 8:26:37 AM
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Joined: 9/20/2015
Posts: 2,811
Location: Mombasa
Sam_Kibs wrote:
Mt-KenyaMafia wrote:
dear wazuans
is cic a good buy in the current bear market or is it doomed to a steady decline despite previous results?

I don't know but i think it has not bottomed out yet. Mr. bear is still in town and anything is possible.


Mr. bear is now more dangerous than before. He will sweep downhill like flash floods!

Go to higher grounds vacate from the valleys of capital erosion.
John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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Mt-KenyaMafia
#7 Posted : Wednesday, April 13, 2016 12:22:15 PM
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i hope i wont run to higher ground only to find there were no floods and to make it worse there was a big harvest i wasn't part of
Respice post te, Hominem te esse memento, memento mori
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Spikes
#8 Posted : Wednesday, April 13, 2016 12:42:59 PM
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Joined: 9/20/2015
Posts: 2,811
Location: Mombasa
Mt-KenyaMafia wrote:
i hope i wont run to higher ground only to find there were no floods and to make it worse there was a big harvest i wasn't part of



For now I beseech you, flee to safer grounds where cash is King. Do not be overexcited by pockets of PPT which will get exhausted faster than you exit. Sell now and buy low when irresistible tide drowns everybody including savvy traders!
John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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fabrego
#9 Posted : Wednesday, April 13, 2016 5:12:20 PM
Rank: Member

Joined: 7/18/2008
Posts: 9
Location: Nairobi
check out this article written in Jan 2016
http://kenyantrader254.s...k-cic-insurance-is-cheap
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Mt-KenyaMafia
#10 Posted : Thursday, April 14, 2016 9:24:30 AM
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Joined: 4/12/2016
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a conclusive end, cic like other insurance companies is deeply invested in the stock market which is in a bear mood currently, making it impossible for cic to operate above its peers in the industry in addition to having a high PE meaning the share price is a value trap." i have heard and i have listened"
Respice post te, Hominem te esse memento, memento mori
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