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CIC HY 2017 PBT UP 28%
Ericsson
#1 Posted : Friday, July 28, 2017 10:41:00 AM
Rank: Elder


Joined: 12/4/2009
Posts: 10,684
Location: NAIROBI
--Profit before tax growth of 28% to Kshs. 430M
--Investment Income growth of 54% as investments on the NSE begin to bear fruit.
--Gross Premium growth of 20% to 7.5B
--Claims incurred increased to Kshs. 4.1B in line with business growth.
--Shareholder fund growth by 1% and Total Assets by 11%
--CIC Insurance subsidiary CIC Asset Management Ltd. HY 17 PBT up 376% to Kshs. 33,878,000. All its funds also report substantial growth.

--Medical Business is a key strategy and is already delivering 20% to the General Business
--CIC is the biggest in Motor Commercial and Engineering classes of General Insurance with 12% market share in Motor Commercial
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
winston
#2 Posted : Friday, July 28, 2017 4:00:08 PM
Rank: Member


Joined: 4/14/2010
Posts: 806
Location: Nairobi
@Ericsson...if the equities crash between now and endyear...might not bode well for the counter
Ericsson
#3 Posted : Sunday, July 30, 2017 11:57:22 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,684
Location: NAIROBI
winston wrote:
@Ericsson...if the equities crash between now and endyear...might not bode well for the counter


Not that much as the company is diversified into other divisions where its amongst the top 5
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Ericsson
#4 Posted : Sunday, July 30, 2017 11:59:43 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,684
Location: NAIROBI
CIC corners a quarter of unit trusts market

CIC Insurance has firmed up its top unit trust market-share position, accounting for nearly a quarter of industry assets under management, fresh data from the Capital Markets Authority (CMA) shows.
The CMA data contained in second quarter to June bulletin shows that by the end of March, CIC’s unit trust scheme had Sh13.49 billion in funds under management, accounting for 24.2 per cent of the industry total of Sh55.8 billion.
Britam’s unit trust scheme follows with a market share of 18.7 per cent, ahead of Old Mutual at 14.49 per cent and ICEA at 9.95 per cent.

http://www.businessdaily...038420-mef8xv/index.html
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Ericsson
#5 Posted : Monday, July 31, 2017 10:45:01 AM
Rank: Elder


Joined: 12/4/2009
Posts: 10,684
Location: NAIROBI
http://kenyanwallstreet....tive-investments-schemes
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
winston
#6 Posted : Monday, July 31, 2017 2:57:59 PM
Rank: Member


Joined: 4/14/2010
Posts: 806
Location: Nairobi
Ericsson wrote:
winston wrote:
@Ericsson...if the equities crash between now and endyear...might not bode well for the counter


Not that much as the company is diversified into other divisions where its amongst the top 5


My study of the p&l is that the PBT is largely coming from Investment income...and from their comments this benefitted from upturn in equities. I dont expect much by way of underwriting profits...therefore their PBT is most sensitive to equities...

Diversification into Unit trusts doesnt make alot of difference on the bottomline...the margin they make on unit trusts isnt much...The promoters of Unit trust earn a fee...which is then split between them, custodians, investment managers etc. With the number of UT around there isnt much room to increase fee rates.
Pesa Nane
#7 Posted : Monday, July 31, 2017 5:51:28 PM
Rank: Elder


Joined: 5/25/2012
Posts: 4,105
Location: 08c
Pesa Nane plans to be shilingi when he grows up.
winston
#8 Posted : Monday, July 31, 2017 9:36:00 PM
Rank: Member


Joined: 4/14/2010
Posts: 806
Location: Nairobi
from above taking movement between 2017 and 2016: investment income change is around 700m but its eaten by underwriting loss movement of around 600m to give a pbt movement of 100m.
Ericsson
#9 Posted : Tuesday, August 01, 2017 2:17:46 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,684
Location: NAIROBI
CIC Insurance sets a new 52-week high of Kshs. 5 on reduction of stake in loss making UG subsidiary & strong half year results.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
muandiwambeu
#10 Posted : Wednesday, August 02, 2017 1:14:48 PM
Rank: Veteran


Joined: 8/28/2015
Posts: 1,247
H1 banks results are taking eons. Can't wait to peep through them. Any one willing to cool our election tempers with some surprises.d'oh!
,Behold, a sower went forth to sow;....
Ericsson
#11 Posted : Wednesday, August 02, 2017 1:49:24 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,684
Location: NAIROBI
muandiwambeu wrote:
H1 banks results are taking eons. Can't wait to peep through them. Any one willing to cool our election tempers with some surprises.d'oh!


Stick to topic/subject otherwise tutapata discussion ya KQ hapa
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Angelica _ann
#12 Posted : Wednesday, August 02, 2017 1:58:14 PM
Rank: Elder


Joined: 12/7/2012
Posts: 11,908
Ericsson wrote:
muandiwambeu wrote:
H1 banks results are taking eons. Can't wait to peep through them. Any one willing to cool our election tempers with some surprises.d'oh!


Stick to topic/subject otherwise tutapata discussion ya KQ hapa


Laughing out loudly Laughing out loudly Laughing out loudly
In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
Ericsson
#13 Posted : Monday, August 14, 2017 10:07:26 AM
Rank: Elder


Joined: 12/4/2009
Posts: 10,684
Location: NAIROBI
6 bob per share smashed
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Spikes
#14 Posted : Monday, August 14, 2017 10:13:56 AM
Rank: Elder


Joined: 9/20/2015
Posts: 2,811
Location: Mombasa
Ericsson wrote:
6 bob per share smashed


#RocketRallyMoment
John 5:17 But Jesus replied, “My Father is always working, and so am I.”
heri
#15 Posted : Monday, August 14, 2017 10:22:06 AM
Rank: Member


Joined: 9/14/2011
Posts: 834
Location: nairobi
Ericsson wrote:
6 bob per share smashed


i need to exit now. Has this share always have a high PE?
maka
#16 Posted : Monday, August 14, 2017 10:24:22 AM
Rank: Elder


Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
Spikes wrote:
Ericsson wrote:
6 bob per share smashed


#RocketRallyMoment


Crazy...smile
possunt quia posse videntur
Angelica _ann
#17 Posted : Monday, August 14, 2017 10:29:40 AM
Rank: Elder


Joined: 12/7/2012
Posts: 11,908
maka wrote:
Spikes wrote:
Ericsson wrote:
6 bob per share smashed


#RocketRallyMoment


Crazy...smile


I didnt see this coming. I had the option of buying it at 3.5 bob and CFCI at 10.25bob, i went for the latter Sad Sad Sad
In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
maka
#18 Posted : Monday, August 14, 2017 10:46:18 AM
Rank: Elder


Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
heri wrote:
Ericsson wrote:
6 bob per share smashed


i need to exit now. Has this share always have a high PE?


Hold on...still a lot of demand...The momentum will take this thing 7+ by Friday.
possunt quia posse videntur
littledove
#19 Posted : Monday, August 14, 2017 11:41:00 AM
Rank: Veteran


Joined: 7/1/2014
Posts: 903
Location: sky
maka wrote:
heri wrote:
Ericsson wrote:
6 bob per share smashed


i need to exit now. Has this share always have a high PE?


Hold on...still a lot of demand...The momentum will take this thing 7+ by Friday.

This one will be the first one to double in my major portfolio at 7.10 Applause Applause
There are only two emotions in the stock market, fear and hope. The problem is, you hope when you should fear and fear when you should hope
Metasploit
#20 Posted : Monday, August 14, 2017 11:47:21 AM
Rank: Veteran


Joined: 3/26/2012
Posts: 985
Location: Dar es salaam,Tanzania
littledove wrote:
maka wrote:
heri wrote:
Ericsson wrote:
6 bob per share smashed


i need to exit now. Has this share always have a high PE?


Hold on...still a lot of demand...The momentum will take this thing 7+ by Friday.

This one will be the first one to double in my major portfolio at 7.10 Applause Applause


This guy set a tripple bottom at 3.15

So far it has handled major resistances turned support well

3.80

4.50

5.0

5.5

“The pessimist complains about the wind; the optimist expects it to change; the realist adjusts the sails.”
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