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guru267		#1 Posted : Wednesday, May 25, 2011 1:45:25 PM
Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi		Hello good people.. I thought I would share some thoughts on jubileee holdings.. 10 year performance 1. Total assets: up 490% 2. EPS growth: up 2,250% 3. NAV: up 215% 4. Share price appreciation: up 1200% I recomend it as buy basing on their current expansion plan into africa and their current sustainable income.. It being jubilees 75th year I expect shareholder goodies come year end. The current low valuations on the stock are irrational and are due to mispricing of the share as a result of low liquidity and its unaffordability on the market... These market inefficiencies can be corrected by management and this will see an unlocking of shareholder value.. This is a share that everyone ought to have in their portfolio... Too bad it goes ex all as of tomorrow Mark 12:29 Deuteronomy 4:16
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Gordon Gekko		#2 Posted : Wednesday, May 25, 2011 1:53:44 PM
Rank: Elder Joined: 5/27/2008 Posts: 3,760		So we see you at the AGM tomorrow? The ex all price should be 193, I hope to pick up a few more at 190 after tomorrow from the pickings made when I offloaded Sasini. It is truly a gem, I just can't predict what it will be in Feb next year, but certainly better than the current 215 cum price.
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the deal		#3 Posted : Wednesday, May 25, 2011 2:02:10 PM
Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery		I think JUB has reached it's peak...mSimon where u at? i need to offload and get into Uchumi and EQty....LMAO.
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Impunity		#4 Posted : Wednesday, May 25, 2011 2:21:34 PM
Rank: Elder Joined: 3/2/2009 Posts: 26,330 Location: Masada		Need to sell half of my Safcon to get enough cash to buy this Gem. Portfolio: Sold You know you've made it when you get a parking space for your yatcht.
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guru267		#5 Posted : Wednesday, May 25, 2011 2:25:58 PM
Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi		the deal wrote: I think JUB has reached it's peak...mSimon where u at? i need to offload and get into Uchumi and EQty....LMAO. How could a company that is planning to enter 3 new markets per year for the next three years have reached its peak??? @the deal the underwriting profit growth of 500 million a growth of 28% and one of the highest in the industry is not reflected in the income statment.. The claims were inflated as payments to pensions but I have a strong feeling this was manipulated to cushion against bad years and prevent the stating of unsustainable profits... Contrary to the thoughts of @msimon and the rest their insurance business is booming more than ever with all segments including general, life, and medical insurance all reported robust growth of higher than 20%... Mark 12:29 Deuteronomy 4:16
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The Merchant		#6 Posted : Wednesday, May 25, 2011 2:28:52 PM
Rank: Veteran Joined: 5/24/2010 Posts: 846 Location: KENYA		the deal wrote: I think JUB has reached it's peak...mSimon where u at? i need to offload and get into Uchumi and EQty....LMAO. Peak? In an economy/region with such little insurance penetration? uh uh, I don't think so. Unless the mmanagement go into hibernation...
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the deal		#7 Posted : Wednesday, May 25, 2011 2:48:43 PM
Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery		@Guru in 2010 even the worst insurance firm doubled it's profits because of the NSE which was up 36%, that shall not be repeated this year.
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VituVingiSana		#8 Posted : Wednesday, May 25, 2011 2:54:19 PM
Rank: Chief Joined: 1/3/2007 Posts: 18,221 Location: Nairobi		Will it fall like DTBK after the AGM/dividend? I hope so coz then I can get in. Cheap! Greedy when others are fearful. Very fearful when others are greedy - *to paraphrase Warren Buffett*
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VituVingiSana		#9 Posted : Wednesday, May 25, 2011 2:56:18 PM
Rank: Chief Joined: 1/3/2007 Posts: 18,221 Location: Nairobi		the deal wrote: I think JUB has reached it's peak...mSimon where u at? i need to offload and get into Uchumi and EQty....LMAO. No comment on price but for profit growth, Jubilee has just started. New markets coming up... Greedy when others are fearful. Very fearful when others are greedy - *to paraphrase Warren Buffett*
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guru267		#10 Posted : Wednesday, May 25, 2011 3:28:22 PM
Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi		the deal wrote: @Guru in 2010 even the worst insurance firm doubled it's profits because of the NSE which was up 36%, that shall not be repeated this year. @ the deal I thought you had done your research... UNDERWRITING PROFITS have nothing to do with the NSE but rather it is profit gained from insurance business of collecting premiums and paying claims not trading stocks.. In 2010 jubilees underwriting profit was 533 million and one of the best in the industry... Mark 12:29 Deuteronomy 4:16
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guru267		#11 Posted : Wednesday, May 25, 2011 3:38:26 PM
Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi		the deal wrote: @Guru in 2010 even the worst insurance firm doubled it's profits because of the NSE which was up 36%, that shall not be repeated this year. @the deal ontop of making killer unerwriting profits, this company is well invested in unquoted equity and rental property that will continue to give them good returns even if the NSE does nothing Mark 12:29 Deuteronomy 4:16
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guru267		#12 Posted : Wednesday, May 25, 2011 3:43:11 PM
Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi		VituVingiSana wrote: Will it fall like DTBK after the AGM/dividend? I hope so coz then I can get in. Cheap! @VVS the 20% fall in DTB was as a reult of the 1:5 bonus issue so I wouldnt call it cheaper since the value stays the same... Basing on this and other counters jubilee should close the week at 190-195 and nothing lower.. Mark 12:29 Deuteronomy 4:16
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VituVingiSana		#13 Posted : Wednesday, May 25, 2011 3:48:01 PM
Rank: Chief Joined: 1/3/2007 Posts: 18,221 Location: Nairobi		guru267 wrote: VituVingiSana wrote: Will it fall like DTBK after the AGM/dividend? I hope so coz then I can get in. Cheap! @VVS the 20% fall in DTB was as a reult of the 1:5 bonus issue so I wouldnt call it cheaper since the value stays the same... Basing on this and other counters jubilee should close the week at 190-195 and nothing lower.. Ahhh! Sorry... but still, I would be very happy to see Jubilee fall in price! Coz it is the best Insurance firm in Kenya/EAC. Pick up some more. Greedy when others are fearful. Very fearful when others are greedy - *to paraphrase Warren Buffett*
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the deal		#14 Posted : Wednesday, May 25, 2011 4:24:57 PM
Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery		Well @Guru i rest my case...time will tell...JUB saviour will be their unquoted investments on that i agree otherwise their insurance business is bleeding.
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guru267		#15 Posted : Wednesday, May 25, 2011 4:31:51 PM
Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi		the deal wrote: Well @Guru i rest my case...time will tell...JUB saviour will be their unquoted investments on that i agree otherwise their insurance business is bleeding. @deal please stop listening to rumours... Just check the 2010 annual report and discover how WELL the INSURANCE business performed and by how much it grew... You will have to swallow your words after feasting your eyes on those results.. Mark 12:29 Deuteronomy 4:16
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The Merchant		#16 Posted : Wednesday, May 25, 2011 4:45:10 PM
Rank: Veteran Joined: 5/24/2010 Posts: 846 Location: KENYA		guru267 wrote: VituVingiSana wrote: Will it fall like DTBK after the AGM/dividend? I hope so coz then I can get in. Cheap! @VVS the 20% fall in DTB was as a reult of the 1:5 bonus issue so I wouldnt call it cheaper since the value stays the same... Basing on this and other counters jubilee should close the week at 190-195 and nothing lower.. Indeed. Buying DTK now is like buying it at around 152. So its not even fallen yet! I agree with you on Jubilee @guru. Please explain the underwriting profit matter more since what I read in the statements gave me an underwriting loss. if indeed the accountants were trying to give a more prudent picture then they are smoothening profits over the years which is a good thing for investors,no? I sold my chunk at the peak,217. When it goes ex-all, Im buying in again. Looking for 217 again..
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guru267		#17 Posted : Wednesday, May 25, 2011 5:03:38 PM
Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi		The Merchant wrote: guru267 wrote: VituVingiSana wrote: Will it fall like DTBK after the AGM/dividend? I hope so coz then I can get in. Cheap! @VVS the 20% fall in DTB was as a reult of the 1:5 bonus issue so I wouldnt call it cheaper since the value stays the same... Basing on this and other counters jubilee should close the week at 190-195 and nothing lower.. Indeed. Buying DTK now is like buying it at around 152. So its not even fallen yet! I agree with you on Jubilee @guru. Please explain the underwriting profit matter more since what I read in the statements gave me an underwriting loss. if indeed the accountants were trying to give a more prudent picture then they are smoothening profits over the years which is a good thing for investors,no? I sold my chunk at the peak,217. When it goes ex-all, Im buying in again. Looking for 217 again.. @ the merchant you hit the nail on the heaad... In the chairmans statement in the report he reiterates "jubilee will continue to deliver STABLE and SUSTAINABLE earnings to shareholders" This prudent act of ovetstating claims in the year of extraordiary nonoperating income would explain the reason for difference in the underwriting loss in the financial statements and the 500million underwriting profits in the annual report.. Mark 12:29 Deuteronomy 4:16
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The Merchant		#18 Posted : Wednesday, May 25, 2011 9:01:45 PM
Rank: Veteran Joined: 5/24/2010 Posts: 846 Location: KENYA		guru267 wrote: The Merchant wrote: guru267 wrote: VituVingiSana wrote: Will it fall like DTBK after the AGM/dividend? I hope so coz then I can get in. Cheap! @VVS the 20% fall in DTB was as a reult of the 1:5 bonus issue so I wouldnt call it cheaper since the value stays the same... Basing on this and other counters jubilee should close the week at 190-195 and nothing lower.. Indeed. Buying DTK now is like buying it at around 152. So its not even fallen yet! I agree with you on Jubilee @guru. Please explain the underwriting profit matter more since what I read in the statements gave me an underwriting loss. if indeed the accountants were trying to give a more prudent picture then they are smoothening profits over the years which is a good thing for investors,no? I sold my chunk at the peak,217. When it goes ex-all, Im buying in again. Looking for 217 again.. @ the merchant you hit the nail on the heaad... In the chairmans statement in the report he reiterates "jubilee will continue to deliver STABLE and SUSTAINABLE earnings to shareholders" This prudent act of ovetstating claims in the year of extraordiary nonoperating income would explain the reason for difference in the underwriting loss in the financial statements and the 500million underwriting profits in the annual report.. You sure know how to comb these statements. I'm buying this one with my eyes closed. This week Ill spend looking for that cash!!
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Aguytrying		#19 Posted : Thursday, May 26, 2011 9:54:00 AM
Rank: Elder Joined: 7/11/2010 Posts: 5,040		Whenever guru speaks, i feel less like selling jubilee. Ex all i see it going to 180-190. But i've realised there's no hurry in buying jubilee. Take your time, wait for the price dips coz they will be there, esp with half yr results abit far off. The investor's chief problem - and even his worst enemy - is likely to be himself
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guru267		#20 Posted : Thursday, May 26, 2011 12:18:22 PM
Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi		There are fireworks at this AGM.. Mark 12:29 Deuteronomy 4:16
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