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Rank: Veteran Joined: 11/11/2006 Posts: 971 Location: Home
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Seems folks have fallen in love with CIC. Any negative mention is overreacted to. Reminds me of the days when Equity was equally defended.
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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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@techboy tone down your rhetoric but either way am with you on this...this investment banks just churn out mostly useless reports and recommendations that mainly position them into gaining more brokerage commission,we need some serious regulation this... possunt quia posse videntur
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Rank: Elder Joined: 6/2/2011 Posts: 4,818 Location: -1.2107, 36.8831
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@techboy, kindly cool down. I, just as majority of wazuans, agree that brokers recommendations are at times (if not all) CRAP, but on this CIC thing, i concur, its not worth anything above 3.70/-. Receive with simplicity everything that happens to you.” ― Rashi
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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CiC is overvalued full stop. Its trading at double the sector p/b for one. Either the sector catches up or vice versa. If u look at insurance companies the one that would deserve to trade at the highest premium is jubilee. So if i was very optimistic with cic id value it with jubilee's ratios. The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Veteran Joined: 2/10/2010 Posts: 1,001 Location: River Road
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The insurance industry is the last place I would invest. The entire industry 43 companies makes only 7-9 billion in profits compared to the banks 100 billion. There is low penetration with most individuals and companies only buying motor, fire, personal accident and group medical cover. Any insurance company doing group medical cover is just bleeding itself because the claims are huge. The kenya population has a bad attitude towards insurance and the prefer "tunaomba serikali.." plus a bad savings culture.
I had tried to speculate with CFCI/liberty last year until I realized they preferred to keep 3 billion in cash, owed a huge loan to NIC and the MD was talking about investing in real estate when the stock market was down
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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mkonomtupu wrote:The insurance industry is the last place I would invest. The entire industry 43 companies makes only 7-9 billion in profits compared to the banks 100 billion. There is low penetration with most individuals and companies only buying motor, fire, personal accident and group medical cover. Any insurance company doing group medical cover is just bleeding itself because the claims are huge. The kenya population has a bad attitude towards insurance and the prefer "tunaomba serikali.." plus a bad savings culture.
I had tried to speculate with CFCI/liberty last year until I realized they preferred to keep 3 billion in cash, owed a huge loan to NIC and the MD was talking about investing in real estate when the stock market was down Ghai. I wish i knew this before i speculated recently. And the chairman is mentioned with the CMC drama. The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery
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Aguytrying wrote:mkonomtupu wrote:The insurance industry is the last place I would invest. The entire industry 43 companies makes only 7-9 billion in profits compared to the banks 100 billion. There is low penetration with most individuals and companies only buying motor, fire, personal accident and group medical cover. Any insurance company doing group medical cover is just bleeding itself because the claims are huge. The kenya population has a bad attitude towards insurance and the prefer "tunaomba serikali.." plus a bad savings culture.
I had tried to speculate with CFCI/liberty last year until I realized they preferred to keep 3 billion in cash, owed a huge loan to NIC and the MD was talking about investing in real estate when the stock market was down Ghai. I wish i knew this before i speculated recently. And the chairman is mentioned with the CMC drama. Investors are always advised not to invest in a business they dont understand.
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Rank: Veteran Joined: 6/23/2011 Posts: 1,740 Location: Nairobi
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Question is how does the market set the price i.e valution, dividend policy, speculation, brand image etc.
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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Tape reading tells me Kenya Re is facing strong resistance at the current level of 12.00/50. @hisah and other TAs, is there a likelihood of this resistance being broken in near term
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Rank: Elder Joined: 7/21/2010 Posts: 6,176 Location: nairobi
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Insurance firms are set to benefit bigtime on political risk covers if elections are smooth. "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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#Tape reading #Kenya RE, supply of a high 623,000 shares is hovering at KES 12.50
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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#Tape reading #Kenya RE, KES 12.XX resistance has proved hard to break since year 2008
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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#Thinking_loudly, should we expect some goodies from Jubilee now that they cerebrated diamond jubilee this year
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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mwekez@ji wrote:Britam – BUY – TP 8.32 (35% upside)
CFCI – BUY – TP 11.55 (66% upside)
Pan Africa – BUY – TP 74.70 (72% upside)
Kenya Re – BUY – TP 18.75 (59% upside)
CIC – SELL – TP 3.37 (18% downside)
Source: Standard Investment Bank – 30.01.2013 Link >>> http://www.sib.co.ke/media/docs...-Sector-IOC-20130130.pdf
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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the deal wrote:Aguytrying wrote:mkonomtupu wrote:The insurance industry is the last place I would invest. The entire industry 43 companies makes only 7-9 billion in profits compared to the banks 100 billion. There is low penetration with most individuals and companies only buying motor, fire, personal accident and group medical cover. Any insurance company doing group medical cover is just bleeding itself because the claims are huge. The kenya population has a bad attitude towards insurance and the prefer "tunaomba serikali.." plus a bad savings culture.
I had tried to speculate with CFCI/liberty last year until I realized they preferred to keep 3 billion in cash, owed a huge loan to NIC and the MD was talking about investing in real estate when the stock market was down Ghai. I wish i knew this before i speculated recently. And the chairman is mentioned with the CMC drama. Investors are always advised not to invest in a business they dont understand. is that aimed at me? i understand this company and insurance in general. interesting u respond to this after failing to in so many questions in the cfci rise thread The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Veteran Joined: 4/30/2010 Posts: 1,635
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Huge supply at CFC Insurance today..304,900 shares at 7/-..rare to see such a huge supply for CFCI..
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Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery
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Aguytrying wrote:the deal wrote:Aguytrying wrote:mkonomtupu wrote:The insurance industry is the last place I would invest. The entire industry 43 companies makes only 7-9 billion in profits compared to the banks 100 billion. There is low penetration with most individuals and companies only buying motor, fire, personal accident and group medical cover. Any insurance company doing group medical cover is just bleeding itself because the claims are huge. The kenya population has a bad attitude towards insurance and the prefer "tunaomba serikali.." plus a bad savings culture.
I had tried to speculate with CFCI/liberty last year until I realized they preferred to keep 3 billion in cash, owed a huge loan to NIC and the MD was talking about investing in real estate when the stock market was down Ghai. I wish i knew this before i speculated recently. And the chairman is mentioned with the CMC drama. Investors are always advised not to invest in a business they dont understand. is that aimed at me? i understand this company and insurance in general. interesting u respond to this after failing to in so many questions in the cfci rise thread Not really...I will post a blog on this today...I think its much better that way btwn I hope u didnt sell because of what @Mkono said above?
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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@the deal. I Dont change my mind that quickly. Im waiting for end year results and dividend. I got in on my own analysis and ill leave on my own. But i Dont trust the company enough for a long term hold. Ive seen some stanlib adverts on kenyatta avenue. If u know liberty the parent in s.a u know what that means.... Asset management joining the businesses streams The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery
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Aguytrying wrote:@the deal. I Dont change my mind that quickly. Im waiting for end year results and dividend. I got in on my own analysis and ill leave on my own. But i Dont trust the company enough for a long term hold.
Ive seen some stanlib adverts on kenyatta avenue. If u know liberty the parent in s.a u know what that means.... Asset management joining the businesses streams StanLib is not part of the listed company, I know Liberty very well...theyre big dogs in SA but have struggled outside SA while Sanlam has flourished.
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Rank: User Joined: 6/18/2009 Posts: 271
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FUNKY wrote:Huge supply at CFC Insurance today..304,900 shares at 7/-..rare to see such a huge supply for CFCI.. and the one who will absorb that what does he know that we donot ?
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