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Jubilee Insurance 1H 2011 EPS up 19%, Interim Dividend Sh1
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the deal
#1 Posted : Wednesday, August 03, 2011 5:31:54 PM
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Impunity
#2 Posted : Wednesday, August 03, 2011 5:34:45 PM
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Not stellar as was expected!
Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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the deal
#3 Posted : Wednesday, August 03, 2011 5:36:15 PM
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@Impunity thats a super perfomance...
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Gordon Gekko
#4 Posted : Wednesday, August 03, 2011 5:39:53 PM
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Impunity wrote:
Not stellar as was expected!


Coming off an 86% previous full year increase, this is very good. Did I hear Capital FM say there will be a 1:10 bonus?
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muganda
#5 Posted : Wednesday, August 03, 2011 5:44:10 PM
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Thankyou Bwana Nizar Juma, Chairman, for growing gross premiums 41.6%
And reaffirming your position as no 1 insurer in Kenya
And investing freefloat wisely so investments yield 36%
And for running tight ship so growth flows to bottom line

Ooh and for the token dividend,
Shareholder
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young
#6 Posted : Wednesday, August 03, 2011 5:49:54 PM
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1 bob interim dividend is 50% less than 1.50 interim of last year. Hope all ok ? Or there is
special dividend in the offing as per 75Th Anniversary ?


Most counters at least maintains the same same level of last year's interim dividend.
The wazua spirit as members is to educate and inform and learn from others within the limit of what we know in any chosen area irrespective of our differences in tribes, nationalities, etc. .
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young
#7 Posted : Wednesday, August 03, 2011 5:58:28 PM
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Location: Lagos, Nigeria
young wrote:
1 bob interim dividend is 50% less than 1.50 interim of last year. Hope all ok ? Or there is
special dividend in the offing as per 75Th Anniversary ?


Most counters at least maintains the same same level of last year's interim dividend.



Apologies for misinformation last years JUB interim dividend was also 1.00 bob.

Sorry @the deal I did not read your caption well. My mind told me that the notable JUB will splash 1.50 interim but that was not the case.
The wazua spirit as members is to educate and inform and learn from others within the limit of what we know in any chosen area irrespective of our differences in tribes, nationalities, etc. .
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VituVingiSana
#8 Posted : Wednesday, August 03, 2011 6:49:11 PM
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Location: Nairobi
Jubilee is a growth firm. Very conservative. If you want dividends, bail out & choose some other stocks!

If you want solid steady growth then stay in!
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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the deal
#9 Posted : Wednesday, August 03, 2011 6:54:54 PM
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With Jub you don't read much into their 1H results...but the jury is out on this one...they have a mountain to climb if theyre to match last years perfomance since they sold most of their stocks in the 2H...2/3 Aga Khan firms have reported...time for my fovourite TPS to report...the only tourism pure play at the NSE...
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young
#10 Posted : Wednesday, August 03, 2011 7:01:24 PM
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VituVingiSana wrote:
Jubilee is a growth firm. Very conservative. If you want dividends, bail out & choose some other stocks!

If you want solid steady growth then stay in!



Yes that will be when they stop the 1.10 bonus as I am waiting to cash on the extra 100 units of JUB on 1000 units holding plus 5.50 dividend in year ending 2010.
The wazua spirit as members is to educate and inform and learn from others within the limit of what we know in any chosen area irrespective of our differences in tribes, nationalities, etc. .
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Aguytrying
#11 Posted : Wednesday, August 03, 2011 7:03:52 PM
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the deal wrote:
With Jub you don't read much into their 1H results...but the jury is out on this one...they have a mountain to climb if theyre to match last years perfomance since they sold most of their stocks in the 2H...2/3 Aga Khan firms have reported...time for my fovourite TPS to report...the only tourism pure play at the NSE...


NMG, JUBILEE, TPS SERENA. thats 3. there is also Diamond trust bank. so thats 4. Astonishing results from jub, head and shoulders above the other insuarance firms. Im just really impressed by this.
The investor's chief problem - and even his worst enemy - is likely to be himself
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Aguytrying
#12 Posted : Wednesday, August 03, 2011 7:06:43 PM
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How did their investment income grow 36% in this market??????????????
The investor's chief problem - and even his worst enemy - is likely to be himself
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Cde Monomotapa
#13 Posted : Wednesday, August 03, 2011 7:19:45 PM
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Thought Guru would be the originator of this thread Laughing out loudly Laughing out loudly. Anyhu, kazi iendelee!!
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Cde Monomotapa
#14 Posted : Wednesday, August 03, 2011 7:27:58 PM
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Wow..this Co has recorded solid growth in the key metrics and a sterling under writing profit (rare @ other Ins.Co). Kudos to the share-holders & enjoy.
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Aguytrying
#15 Posted : Wednesday, August 03, 2011 7:35:38 PM
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Cde Monomotapa wrote:
Wow..this Co has recorded solid growth in the key metrics and a sterling under writing profit (rare @ other Ins.Co). Kudos to the share-holders & enjoy.


We will. Now its clear why its such a stable stock, even when things are thick.
The investor's chief problem - and even his worst enemy - is likely to be himself
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Cde Monomotapa
#16 Posted : Wednesday, August 03, 2011 7:47:35 PM
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Aguytrying wrote:
Cde Monomotapa wrote:
Wow..this Co has recorded solid growth in the key metrics and a sterling under writing profit (rare @ other Ins.Co). Kudos to the share-holders & enjoy.


We will. Now its clear why its such a stable stock, even when things are thick.

No doubt...
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the deal
#17 Posted : Wednesday, August 03, 2011 9:03:56 PM
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Anybody seen the results? PDF link welcome...a 19% increase in EPS is not stellar I have to agree with @impunity on that one...@Aguy investment income does not necessarilly mean NSE...it includes income from subsidiaries and rental income.
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Gordon Gekko
#18 Posted : Thursday, August 04, 2011 9:48:54 AM
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the deal wrote:
Anybody seen the results? PDF link welcome...a 19% increase in EPS is not stellar I have to agree with @impunity on that one...@Aguy investment income does not necessarilly mean NSE...it includes income from subsidiaries and rental income.


Todays' papers. Sell your stake if not impressed, I have an order at sub 170.
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the deal
#19 Posted : Thursday, August 04, 2011 11:08:36 AM
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Jubilee is using accounting magic to hide the fact that Profits were down...look at comprehensive income...no wonder they didnt increase their dividends...
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VituVingiSana
#20 Posted : Thursday, August 04, 2011 11:31:03 AM
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the deal wrote:
Jubilee is using accounting magic to hide the fact that Profits were down...look at comprehensive income...no wonder they didnt increase their dividends...

Sigh, you need to a little more reading... I advise you grab a book that discusses IFRS accounting as relates to insurance firms.

Comprehensive Income includes 'gains/losses' that are not Operational in nature though do form part of the 'Income' of the firm.

In the past such data was captured in the Shareholders' Equity section.

Agricultural firms have "Biological Assets" which are not equal to cash which is why Williamson specifies 90/- EPS is not cash EPS (or from operations)

As is Insurance firms are notoriously difficult to value thus I rely on trust of Management.

I do not trust Kenya Re but I trust Jubilee. Of course, never pay too much for a good thing either nevertheless Jubilee is the BEST listed insurer in East & Central Africa!
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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