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cic insurance @ 5sh cheap stock or value trap?
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mlennyma
#11 Posted : Tuesday, May 31, 2016 12:28:10 PM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
The camel's back breaks
"Don't let the fear of losing be greater than the excitement of winning."
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Spikes
#12 Posted : Tuesday, May 31, 2016 12:30:40 PM
Rank: Elder

Joined: 9/20/2015
Posts: 2,811
Location: Mombasa
mlennyma wrote:
The camel's back breaks



It has bottomed out, jump in!
John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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Sufficiently Philanga....thropic
#13 Posted : Tuesday, May 31, 2016 12:48:13 PM
Rank: Elder

Joined: 9/23/2010
Posts: 2,225
Location: Sundowner,Amboseli
Seller offered at market so all one needed to do was to bid at 4.70 and you're offered immediately.
Today being end month and most of the brokers/fund managers/institutions wanting to clear their debits/balance their books, expect some pressure on other volatile counters like Britam, Co-op, Centum in the last 5 minutes of trading.
@SufficientlyP
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  | | Edit by user: Tuesday, May 31, 2016 12:49 PM | Reason: Not specified
mkate_nusu
#14 Posted : Tuesday, May 31, 2016 1:00:22 PM
Rank: Member

Joined: 5/30/2016
Posts: 332
Location: Kayole
Spikes wrote:
mlennyma wrote:
The camel's back breaks



It has bottomed out, jump in!


mlennyma when short selling is introduced in the market, I encourage you to start taking such advice with a pinch of salt.
KEGN, KPLC, KQ, SCOM
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mkate_nusu
#15 Posted : Tuesday, May 31, 2016 1:09:33 PM
Rank: Member

Joined: 5/30/2016
Posts: 332
Location: Kayole
Mt-KenyaMafia wrote:
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"


Mafia they urgently need to reduce their exposure to equities & focus on their core business of insurance and generating maximum returns from it. hii maneno ya kugamble nse for earnings will dissipate their profits as long as the bear is in them woods
KEGN, KPLC, KQ, SCOM
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ARAP CHARLES
#16 Posted : Tuesday, May 31, 2016 3:35:15 PM
Rank: Member

Joined: 5/30/2016
Posts: 217
Location: Talai
Not talking
mkate_nusu wrote:
Mt-KenyaMafia wrote:
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"


Mafia they urgently need to reduce their exposure to equities & focus on their core business of insurance and generating maximum returns from it. hii maneno ya kugamble nse for earnings will dissipate their profits as long as the bear is in them woods

Watch and Listen and Live
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Ebenyo
#17 Posted : Tuesday, May 31, 2016 8:54:06 PM
Rank: Veteran

Joined: 4/4/2016
Posts: 2,016
Location: Kitale
high PE and low dividend yield of 2%.
Towards the goal of financial freedom
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Ericsson
#18 Posted : Tuesday, May 31, 2016 11:32:11 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,808
Location: NAIROBI
Guys the exposure of CIC on equities isn't that heavy as is being quoted here.
Out of a total asset base of ksh.26bn,1bn has been invested in equities with most of it done last year i.e ksh.832mn.
Most of the investment is in government securities and deposits with financial institutions
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Boris Boyka
#19 Posted : Thursday, June 02, 2016 3:28:51 AM
Rank: Veteran

Joined: 11/15/2013
Posts: 1,977
Location: Here
Ericsson wrote:
Guys the exposure of CIC on equities isn't that heavy as is being quoted here.
Out of a total asset base of ksh.26bn,1bn has been invested in equities with most of it done last year i.e ksh.832mn.
Most of the investment is in government securities and deposits with financial institutions


Chase or Imperial or NBK?
Everybody STEALS, a THIEF is one who's CAUGHT stealing something of LITTLE VALUE. !!!
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Ericsson
#20 Posted : Thursday, June 02, 2016 7:52:34 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,808
Location: NAIROBI
@Boris
Dubai Bank
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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