i never sold everything but at that time i was 80% into JUB...i regret though but remeber i bought at 200 bob then...and the see saw too 170 was too much..

Kirika, I do hope that you have not just been waiting, even as the share price fell. My own strategy whenever I target a particular company, is to buy a few shares as the price falls, increasing my buying quantity with the falling price. The reason is that you never quite know where a share is going to bottom and even then, for a share like JHL, you may not be able to get the volume(s) you want at a very low price.

With these results, I am afraid that 150/= has become much more unlikely, but if it does ever get to that level, I will be there buying along with you.

Its Just done 220/=

@Mwanahisa should be my drinking buddy..do u take Mututhos as its affectionately known in campus?...lol

Jibilee-Jibileeeee oooh Jibile!
Imefunga siku at 216, were it not for O-6 this week, it would have touched the sweet 250!

I had projected atleast to see 220 and it has passed my litmus test.iam convinced the nse is among the top investment platforms.imagine from 175 to 220?almost all stocks will tripple for the five years after 2012 if we dont butcher each other.

I wont allow myself to be taken up in this euphoria. After close examination of the results, Jubilee is overvalued and the only excitement will come in form of the bonus issue. Look closely at the cashflow from operations, these guys generated no free cashflow last year. The positive cashflow from operating activities is enhanced by the DAC's and the changes in insurance contract liabilities and reserves.(these are negatives ultimately). Insurers profit in a 3 pronged way.
1. Through underwriting margins.
2. Through Investment Income
3. Appreciation of the value of the assets.

Typically, you want an insurer whose management focuses on all the three in that order. Now for Jubilee, indeed they have a great management team, but the euphoria surrounding the results is baseless as its driven by the 3rd which is erratic and prone to wild swings. Now had the NSE been up 10-12% last year, then jubilee would have relied on the bonus bonanza for the stock to be up 25%. Because, if you ignore the changes in portfolio market at market, jubilee would be in a loss position of -2,224,502,000. Yes, thats true. But the unrealized gains in the investment portfolio market at market show a total of 3,782,400,000. Note that in the previous -2,224,502,000, i had included share of results of associates after income tax, meaning that if i were to ignore it too, the loss position would be enormous. At current prices, investors are bidding it at 2.2x book. This makes it extremely overvalued, especially when you weigh it against returns of other stocks in similar segments. Now if your playing it for the bonus bonanza, well and good. But if your allocating capital, now wouldn't be the time to touch this honey.

This is a comment on Jubilee the firm, not the share price!

Jubilee is a very well run firm that is consistently profitable... The run a good shop which has proven very reliable...

A big rise in profits came from "other revenue" which rose by 110% as opposed to insurance business
http://www.nse.co.ke/new...d%20December%202010.pdf
What are these other revenues and are they sustainable?

Jubilee treats this as proprietary information. It is certainly not disclosed on their financials, but there are ways round it, but it requires quite a bit of sweat. Even I have not quite managed to complete building my database on their portfolio in its entirety.

I am waiting for the share to drift back down to 200 as I am more convinced than ever that I should bequeath this share to my grandchildren, whenever they may come, though I can't see that happening soon!