Rank: Elder Joined: 7/21/2010 Posts: 6,175 Location: nairobi
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Someone wants 50,000 shares at 1 shilling. ..jokers of nse "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Veteran Joined: 9/18/2014 Posts: 1,127
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Ericsson wrote:Reasons given for the decline in profits;
--Depressed NSE prices in the NSE resulting in unrealised losses of sh.143mn
--Change in reserving methodology by IRA which increased Life Business reserves by sh.704mn
--Aggressive provisioning of debtors in General Insurance business resulting in additional ksh.326mn provisioning
--Loss of sh.297.5mn following the hyper inflation reporting in SS as a result of SSP devaluation
--Loss of ksh.89mn following uncharacteristic school fires in 2016
The above justifications are valid and I find their reporting transparent compared to the ones of Sanlam where there was cooking.
@mlennyama
I agree with you 2017 results they will report more than 300% growth
The company says it will prioritise profitable insurance business ahead of market share growth going forward. They got a thorough beating and some of the ailments will persist as is the case with the whole industry. Sanlam exhibited a deteriorating embedded value YoY for the last three results period. Stemming the hemorrhage in entirety may not be possible till 2018 at the earliest. The main purpose of the stock market is to make fools of as many people as possible.
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Rank: Elder Joined: 11/27/2007 Posts: 3,604
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mlennyma wrote:Someone wants 50,000 shares at 1 shilling. ..jokers of nse With 10% rule lifted, I bet that ninja knows they can net some shares then offload at 2.50 when price stabilizes.  African parents don't know how to say sorry.. the closest you will get to a sorry is a 'have you eaten'
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Rank: New-farer Joined: 6/10/2013 Posts: 52
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Could someone please point me to where I can find the official lifting of the 10% rule? Thanks.
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Rank: Elder Joined: 2/16/2007 Posts: 2,114
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Sober wrote:mlennyma wrote:Someone wants 50,000 shares at 1 shilling. ..jokers of nse With 10% rule lifted, I bet that ninja knows they can net some shares then offload at 2.50 when price stabilizes. For how long does the 10 % rule remain lifted after material announcement?
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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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Chaka wrote:Sober wrote:mlennyma wrote:Someone wants 50,000 shares at 1 shilling. ..jokers of nse With 10% rule lifted, I bet that ninja knows they can net some shares then offload at 2.50 when price stabilizes. For how long does the 10 % rule remain lifted after material announcement? Isnt it for that trading session alone?Till market close...Btw cant it be used to lower prices... possunt quia posse videntur
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Rank: Member Joined: 12/1/2007 Posts: 538 Location: Nakuru
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In the mean time, my portal restricts me to buy within 3.42-4.16... I can only wait for it to adjust... For investors as a whole, returns decrease as motion increases ~ WB
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Rank: Elder Joined: 12/4/2009 Posts: 10,639 Location: NAIROBI
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winmak wrote:In the mean time, my portal restricts me to buy within 3.42-4.16... I can only wait for it to adjust... Kwani they are quoting price at 3.80 which isn't the prevailing price Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Member Joined: 12/1/2007 Posts: 538 Location: Nakuru
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Ericsson wrote:winmak wrote:In the mean time, my portal restricts me to buy within 3.42-4.16... I can only wait for it to adjust... Kwani they are quoting price at 3.80 which isn't the prevailing price CFC Itrader is like that... Ama it's part of PPT strategy For investors as a whole, returns decrease as motion increases ~ WB
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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hisah wrote:This will spook the few wanjikus left which then presents a hunting ground for trades for TA fans. Monday open will likely gap down below 3 bob handle. In future those gaps will be targets on the way up. Interesting. The market didn't open with a gap down! Seems the market had already priced in the nasty results. If so the monthly close needs to be above 3.80. $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Elder Joined: 2/26/2012 Posts: 15,979
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hisah wrote:hisah wrote:This will spook the few wanjikus left which then presents a hunting ground for trades for TA fans. Monday open will likely gap down below 3 bob handle. In future those gaps will be targets on the way up. Interesting. The market didn't open with a gap down! Seems the market had already priced in the nasty results. If so the monthly close needs to be above 3.80. The Friday magic! "There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
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Rank: Elder Joined: 12/4/2009 Posts: 10,639 Location: NAIROBI
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Dividend was the stop gap measure to prevent bloodbath Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 12/4/2009 Posts: 10,639 Location: NAIROBI
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Kenyan insurer CIC Group expects its Uganda and Malawi businesses to break even in the next two years, its chief executive officer said on Thursday. "In Uganda we started trading in 2015. We anticipate we will break even this year, in 2017," Tom Gitogo, CIC Group Chief Executive Officer, told Reuters in an interview. In Malawi, where the company also started operating in 2015, so 2016 was the first, Gitogo said they expected to break even in the next two years. In Kenya, the chief executive said the medical insurance business, which made a profit of 80 million shillings (605,172.45 pounds) last year after a streak of losses, was set to keep supporting growth. "We see a good chunk of our growth in 2017 coming from the medical business," he said. In 2016, CIC was hit by its South Sudan operations, which lost 297.5 million shillings, due to hyperinflation in the country driven by conflict in the country. The company would maintain its presence there, the CEO said. "CIC has taken the view to be in there and wait it out, rather than coming in later and paying a premium," he said. Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 7/21/2010 Posts: 6,175 Location: nairobi
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Ericsson wrote:Kenyan insurer CIC Group expects its Uganda and Malawi businesses to break even in the next two years, its chief executive officer said on Thursday.
"In Uganda we started trading in 2015. We anticipate we will break even this year, in 2017," Tom Gitogo, CIC Group Chief Executive Officer, told Reuters in an interview.
In Malawi, where the company also started operating in 2015, so 2016 was the first, Gitogo said they expected to break even in the next two years.
In Kenya, the chief executive said the medical insurance business, which made a profit of 80 million shillings (605,172.45 pounds) last year after a streak of losses, was set to keep supporting growth.
"We see a good chunk of our growth in 2017 coming from the medical business," he said.
In 2016, CIC was hit by its South Sudan operations, which lost 297.5 million shillings, due to hyperinflation in the country driven by conflict in the country. The company would maintain its presence there, the CEO said.
"CIC has taken the view to be in there and wait it out, rather than coming in later and paying a premium," he said. will be above 10bob in 2019 "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Elder Joined: 9/20/2015 Posts: 2,811 Location: Mombasa
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mlennyma wrote:Ericsson wrote:Kenyan insurer CIC Group expects its Uganda and Malawi businesses to break even in the next two years, its chief executive officer said on Thursday.
"In Uganda we started trading in 2015. We anticipate we will break even this year, in 2017," Tom Gitogo, CIC Group Chief Executive Officer, told Reuters in an interview.
In Malawi, where the company also started operating in 2015, so 2016 was the first, Gitogo said they expected to break even in the next two years.
In Kenya, the chief executive said the medical insurance business, which made a profit of 80 million shillings (605,172.45 pounds) last year after a streak of losses, was set to keep supporting growth.
"We see a good chunk of our growth in 2017 coming from the medical business," he said.
In 2016, CIC was hit by its South Sudan operations, which lost 297.5 million shillings, due to hyperinflation in the country driven by conflict in the country. The company would maintain its presence there, the CEO said.
"CIC has taken the view to be in there and wait it out, rather than coming in later and paying a premium," he said. will be above 10bob in 2019 So you're in till 2019? John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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Rank: Member Joined: 7/1/2014 Posts: 895 Location: sky
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cic @4.15 likely to break the 4 resistance this week. 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
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Rank: Elder Joined: 12/4/2009 Posts: 10,639 Location: NAIROBI
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5 bob here we come Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 7/21/2010 Posts: 6,175 Location: nairobi
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Ericsson wrote:5 bob here we come niko ndaaaani,if this polls go well I will be rich with cic stock...above 10bob in mid 2018 "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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mlennyma wrote:Ericsson wrote:5 bob here we come niko ndaaaani,if this polls go well I will be rich with cic stock...above 10bob in mid 2018 Victory is for the persevering and the patient. Life is short. Live passionately.
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Rank: Elder Joined: 7/21/2010 Posts: 6,175 Location: nairobi
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sparkly wrote:mlennyma wrote:Ericsson wrote:5 bob here we come niko ndaaaani,if this polls go well I will be rich with cic stock...above 10bob in mid 2018 Victory is for the persevering and the patient. any price upswing is temporary until the election clouds clear "Don't let the fear of losing be greater than the excitement of winning."
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