wazua Tue, Mar 24, 2026
Welcome Guest Search | Active Topics | Log In

6 Pages<1234>»
NSE 2010 1ST HALF PERFORMANCE
Options
Previous Topic · Next Topic
VituVingiSana
#11 Posted : Thursday, July 01, 2010 11:19:58 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,349
Location: Nairobi
PKoli wrote:

On a more positive note, I have manged to get a huge chunk of CIC which are trading on OTC. The dividends are also sweet (KES 1.6 per share - considering that we bought the share at 22.5 a couple of years ago during the private placement).
My net gains across the two securities is about 45%.


What is CIC now on OTC?
1.60 on 22.50 is not bad but not spectacular... Is the dividend of 1.60 for 2 years or just 1 year
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Back to top
  |
PKoli
#12 Posted : Thursday, July 01, 2010 11:34:58 AM
Rank: Elder

Joined: 2/10/2007
Posts: 1,587
@VVS
CIC is Cooperative Insurance Company
1.6 is the latest dividends per year - last year it was 1.4.
Currently on Over the Counter Trading (OTC). I think it might be listed soon, possibly next year.
Back to top
  |
VituVingiSana
#13 Posted : Thursday, July 01, 2010 12:02:43 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,349
Location: Nairobi
PKoli wrote:
@VVS
CIC is Cooperative Insurance Company
1.6 is the latest dividends per year - last year it was 1.4.
Currently on Over the Counter Trading (OTC). I think it might be listed soon, possibly next year.


How much do they go for on the OTC?
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Back to top
  |
PKoli
#14 Posted : Thursday, July 01, 2010 12:10:15 PM
Rank: Elder

Joined: 2/10/2007
Posts: 1,587
They are trading in the range of KES 30-36. I consider this to be cheap given EPS for CIC from last years results was 11. You could download their annual account for perusal.
Back to top
  |
Kaffir
#15 Posted : Thursday, July 01, 2010 12:13:49 PM
Rank: Member

Joined: 5/8/2008
Posts: 77
youcan'tstopusnow wrote:
The stocks to watch for in the second half of the year (in my opinion) are: Mumias (hopefully may acquire another sugar company), Equity(if they manage to open the 5million new accounts) and KPLC (Provided they finish the restructuring quick)
All the best in your endeavours.

Interesting, as we share exactly the same predictions for the 2nd half. Your 3 picks are the same stocks to which i had shifted all my funds to. Lets see how it goes.
Back to top
  |
Sasha
#16 Posted : Thursday, July 01, 2010 12:39:33 PM
Rank: Veteran

Joined: 9/5/2007
Posts: 627
@PKoli: Got myself a nice chunk of the CIC shares too and still looking for more! Have they indicated when they are planning to go public? I know they've been trying to reorganise their structure and were having difficulties with that!
Back to top
  |
youcan'tstopusnow
#17 Posted : Thursday, July 01, 2010 12:42:22 PM
Rank: Chief

Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
Kaffir wrote:
youcan'tstopusnow wrote:
The stocks to watch for in the second half of the year (in my opinion) are: Mumias (hopefully may acquire another sugar company), Equity(if they manage to open the 5million new accounts) and KPLC (Provided they finish the restructuring quick)
All the best in your endeavours.

Interesting, as we share exactly the same predictions for the 2nd half. Your 3 picks are the same stocks to which i had shifted all my funds to. Lets see how it goes.

Kaffir, Great Minds Think Alike!
GOD BLESS YOUR LIFE
Back to top
WWW
  |
VituVingiSana
#18 Posted : Thursday, July 01, 2010 12:42:23 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,349
Location: Nairobi
PKoli wrote:
They are trading in the range of KES 30-36. I consider this to be cheap given EPS for CIC from last years results was 11. You could download their annual account for perusal.

Asante...
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Back to top
  |
PKoli
#19 Posted : Thursday, July 01, 2010 12:49:31 PM
Rank: Elder

Joined: 2/10/2007
Posts: 1,587
@Sasha. Last year, they had said they will do so when the market conditions. I was expecting an announcement this year. As you said they will have restructure the two business as required by the regulations.

I think there should be an announcement this year since supply of the shares have really thinned.
Back to top
  |
Sasha
#20 Posted : Thursday, July 01, 2010 1:14:12 PM
Rank: Veteran

Joined: 9/5/2007
Posts: 627
@PKoli: Problem is some of the honchos are derailing the restructuring process. They should have completed the process by now. Thanks for the info.
Back to top
  |
6 Pages<1234>»
Forum Jump  
You cannot post new topics in this forum.
You cannot reply to topics in this forum.
You cannot delete your posts in this forum.
You cannot edit your posts in this forum.
You cannot create polls in this forum.
You cannot vote in polls in this forum.

Wazua Investor Theme
Powered by YAF | YAF © 2003-2009, Yet Another Forum.NET
Copyright © 2026 Wazua.co.ke. All Rights Reserved.