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Cic
bird_man
#361 Posted : Wednesday, May 16, 2012 11:03:46 AM
Rank: Veteran

Joined: 11/2/2006
Posts: 1,206
Location: Nairobi
Does anyone know when the listing at NSE is happening?
Formally employed people often live their employers' dream & forget about their own.
Hunderwear
#362 Posted : Wednesday, May 16, 2012 1:38:38 PM
Rank: Member

Joined: 4/14/2011
Posts: 639
bird_man wrote:
Does anyone know when the listing at NSE is happening?


CMA approval given

Layman
#363 Posted : Wednesday, May 16, 2012 2:13:40 PM
Rank: Member

Joined: 9/21/2006
Posts: 422
Location: Nairobi
bird_man wrote:
Does anyone know when the listing at NSE is happening?


they have been saying june 2012. Lets just wait.
Amicus Curiae
#364 Posted : Wednesday, May 16, 2012 3:23:04 PM
Rank: Hello

Joined: 5/10/2012
Posts: 9
Read approval statement here:
http://www.cma.or.ke/ind...p;id=389&Itemid=100

The goal is not to be the richest man in the cemetery; Enjoy life while you can.
hisah
#365 Posted : Wednesday, May 16, 2012 9:31:06 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
Share valued at 3.50. Will we see anatha britank or a CFCI listing rally?

www.businessdailyafrica....8/-/9x27cdz/-/index.html
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
Ericsson
#366 Posted : Wednesday, May 16, 2012 10:21:40 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,815
Location: NAIROBI
Anyone with a copy of the Information Memorandum
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
bird_man
#367 Posted : Wednesday, May 16, 2012 10:38:27 PM
Rank: Veteran

Joined: 11/2/2006
Posts: 1,206
Location: Nairobi
3.5sh a share....seems pretty cheap & sucks for current shareholders...Thoughts on this?Anyone?
Formally employed people often live their employers' dream & forget about their own.
Aguytrying
#368 Posted : Wednesday, May 16, 2012 11:00:37 PM
Rank: Elder

Joined: 7/11/2010
Posts: 5,040
this may not go the britank way, interesting listing price of 3.50. psychologically to wanjiku already low.
2.2 billion shares.... wow. Thats many. But the free float is possibly mainly the 25% of individuals. i dont see saccos trading trading.
This one may actually work.
The investor's chief problem - and even his worst enemy - is likely to be himself
Ericsson
#369 Posted : Wednesday, May 16, 2012 11:01:40 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,815
Location: NAIROBI
Price is ok but a bit on the higher side considering the issued number of shares at over 2 billion.
If you compare the market value vis a vis profitability with its peers like Jubilee Insurance and Kenya Re;the valuation is higher yet the two made triple the profits of CIC
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
guru267
#370 Posted : Wednesday, May 16, 2012 11:03:28 PM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
bird_man wrote:
3.5sh a share....seems pretty cheap & sucks for current shareholders...Thoughts on this?Anyone?


3.50 factors in the 20:1 split.. which means its the same as 70bob it was on the OTC..
Mark 12:29
Deuteronomy 4:16
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