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cic insurance @ 5sh cheap stock or value trap?
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maka
#21 Posted : Thursday, June 02, 2016 9:55:29 AM
Rank: Elder

Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
Ericsson wrote:
@Boris
Dubai Bank


They dint have money at Chase?If am not wrong an IM was sent home coz of that coupled with funny bond trades...off market.
possunt quia posse videntur
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Ericsson
#22 Posted : Thursday, June 02, 2016 10:01:37 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,808
Location: NAIROBI
CIC invested ksh.174mn in Chase Bank Bond and about ksh.43mn in Imperial bank bond
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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mkate_nusu
#23 Posted : Thursday, June 02, 2016 12:56:20 PM
Rank: Member

Joined: 5/30/2016
Posts: 332
Location: Kayole
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


Pumping hot air into air balloon
KEGN, KPLC, KQ, SCOM
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mkate_nusu
#24 Posted : Thursday, June 02, 2016 1:14:00 PM
Rank: Member

Joined: 5/30/2016
Posts: 332
Location: Kayole
Ericsson wrote:
CIC invested ksh.174mn in Chase Bank Bond and about ksh.43mn in Imperial bank bond


Understated. Source?
KEGN, KPLC, KQ, SCOM
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mkate_nusu
#25 Posted : Thursday, June 02, 2016 1:29:05 PM
Rank: Member

Joined: 5/30/2016
Posts: 332
Location: Kayole
Ebenyo wrote:
high PE and low dividend yield of 2%.


Daily chart not looking good either. Expect new 12 month lows. Possibility of reaching 5 year low of 3.05 before elections?
KEGN, KPLC, KQ, SCOM
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mlennyma
#26 Posted : Thursday, June 02, 2016 1:46:27 PM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
mkate_nusu wrote:
Ericsson wrote:
CIC invested ksh.174mn in Chase Bank Bond and about ksh.43mn in Imperial bank bond


Understated. Source?

if true the chances of losing their investment is may be 0
"Don't let the fear of losing be greater than the excitement of winning."
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Ericsson
#27 Posted : Thursday, June 02, 2016 8:54:35 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,808
Location: NAIROBI
mkate_nusu
Read the annual report for 2015.
Deposits at Imperial bank sh.31.6mn of which a provision for the full amount was placed.
Investment in chase bank bond sh.172mn and deposit at Chase Bank sh.79mn
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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watesh
#28 Posted : Thursday, June 02, 2016 9:21:36 PM
Rank: Veteran

Joined: 8/10/2014
Posts: 992
Location: Kenya
Ericsson wrote:
mkate_nusu
Read the annual report for 2015.
Deposits at Imperial bank sh.31.6mn of which a provision for the full amount was placed.
Investment in chase bank bond sh.172mn and deposit at Chase Bank sh.79mn

Chimoooooo!!! At least the one at Chase Bank will be back
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Ericsson
#29 Posted : Thursday, June 02, 2016 10:35:42 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,808
Location: NAIROBI
Deposit was ksh.286mn and not 79mn
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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hisah
#30 Posted : Friday, June 03, 2016 9:53:04 AM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
If CIC finishes the week with a positive candlestick pinbar that would be a nice reversal play suggesting bulls are willing to defend the 5.00 handle.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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