..the first time i came to this thread..it was trading at 43.00...had announced full year results for 09 with a
negative earnings per share of
0.22 and a negative ROE(Return on Equity) of
0.18% as well as negative Return on Assets of
0.03%..Basically everything about it was
negative
(as a rule...painfully learnt from likes of uchumi, eveready, ea cable..i stay away from counters with negative ROE..low ROA)
... it is trading at 89.50 today.. ..driven largely by perception/expectations rather than fundamentals..but then there is this...
sparkly wrote:CFC has a book value of 71. Based on 2009 accounts, new CSH (bank) will have a book value of 64 while CFCIH will have a book value of 6. Liberty paid 6.80 per share of CFCIH totaling to appx 800m. Part of the 800 to be used to pay off debts, the rest to be invested in govt securities but later to be used to grow the business.
and this too...
http://www.sharenet.co.z...news_disp.php?id=471028
With the published figures today..compared to last year everything is definately positive!! It doesnt necessarily mean counter is now on safe profitable trail henceforth..questions as to declined performance over the years must be answered..if the demerger is solving this..i wonder how.. was the Insurance arm dragging bank down?
@MukiHa.. et al..
help a young man understand this thing.
..Let your light so shine before men, that they may see your good works, and glorify your Father which is in heaven...Matt5:16
- 1769 Oxford King James Bible 'Authorized Version