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Jubilee Holdings FY 2011 results
Rank: Veteran Joined: 6/17/2009 Posts: 1,619
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@guru and co....http://af.reuters.com/article/kenyaNews/idAFL6E8ET9EB20120329
EPS 33.10,dividend 5.50 and 1 to 10 bonus.
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Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery
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4.5% increase in pretax...good perfomance...I expected a drop in profits!!!
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Rank: Elder Joined: 9/15/2006 Posts: 3,905
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Happy to see. Hope NSE preserves capital tomorrow noting the company is keen on maintaining steady rewards to shareholders. Quote:* FY pretax 2.14 billion shillings vs 2.05 billion in 2010
* Gross premiums up 39 percent to 15.98 billion
* EPS 33.10 shillings vs 32.25
* Dividend raised 110 percent to 5.50 shillings per share
* To make one for 10 bonus share issue
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Rank: Elder Joined: 11/27/2007 Posts: 3,604
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Where will the price be Today? 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: Elder Joined: 11/27/2007 Posts: 3,604
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Books close on 23rd May... 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: Elder Joined: 11/27/2007 Posts: 3,604
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Currently trading at 180.00 down from yesterday's 184.00 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: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery
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@Guru operating profit -37% LOIL!!!!
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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the deal wrote:@Guru operating profit -37% LOIL!!!! DING! DING! Let the games begin 
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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My Observation
Jubilee operating income declined by 37% (from 1,692,717 to 1,070,097). They were saved by share of results of associates which was up 167% (from 420,978 to 1,123,735).
However, the brighter side of things is that the operating income was messed up by Net Fair Value Gains on Financial Assets at FVTPL which went down 120% (from 1,633,103 to a loss of 329,164). This will improve when stock markets improve.
Their underwriting business is doing well and recorded a profit of 540,000 up from 476,000. And a feather was added to their rich cap by Bima Awards 2012 because of this insurance business.
Also notable is that they increased their holding of government securities by 3,919,999. This will give them good returns in an era where rates at primary market are declining (meaning good valuation of the bond and good returns on trading in secondary market)
From a holistic view, these are fair results. From a futuristic view, the stock is a BUY.
…. And applause that Jubilee is now also No. 1 (market leader) in Tanzania.
N.B. Figures are in KES '000'
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
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Not exactly what I expected but good enough... They were hit very hard by the equity market and still grew PAT.. That said I am now tempted to exit now and re enter at a lower price later in the year because I have a feeling the market is not impressed with these.. Mark 12:29
Deuteronomy 4:16
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Rank: Elder Joined: 9/15/2006 Posts: 3,905
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@mwekez@ji kewli unaweka hazina. How do you get such indepth breakdown of the performance yet the published results are simple consolidated lines?
@guru267, you had me riled up there with talk of anniversary celebrations and your love for the counter. No hard feelings though, I'm growing so old and I've become keen on capital preservation these days.
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Rank: Elder Joined: 6/20/2007 Posts: 2,037 Location: Lagos, Nigeria
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guru267 wrote: Not exactly what I expected but good enough... They were hit very hard by the equity market and still grew PAT.. That said I am now tempted to exit now and re enter at a lower price later in the year because I have a feeling the market is not impressed with these.. @Guru, Any idea if the lovely and consistent 1 for 10 bonus will be sustained in coming years ? 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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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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decent results. Compare with britak and you instantly realise how well theyve done. The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Elder Joined: 5/27/2008 Posts: 3,760
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Who insured Kimathi House?
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Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
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young wrote:@Guru,
Any idea if the lovely and consistent 1 for 10 bonus will be sustained in coming years ? It will be there so long as the board continues to have a 14% dividend payout of PAT.. Not that I'm complaining.. Ive received four bonuses (1:4, 1:10, 1:10, 1:10) to date along with a dividend and the price has held up so I have to say JUB is making me mula with these bonuses... Mark 12:29
Deuteronomy 4:16
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Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
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lets make this money money money.....   http://www.businessdaily...86/-/jiq4jg/-/index.htmlMark 12:29
Deuteronomy 4:16
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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muganda wrote:@mwekez@ji kewli unaweka hazina. How do you get such indepth breakdown of the performance yet the published results are simple consolidated lines?
There is so much info in between those lines. Also NSE website had more detailed report than the 1 page print in Daily Nation paper
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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Gordon Gekko wrote:Who insured Kimathi House? ... and whats the amount of damage?
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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Jubilee is a top 10 shareholder in KQ with 2,849,324 shares as at 31.12.2011. (from section 13.10 of KQ Information Memorandum). Interesting!!!
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Jubilee Holdings FY 2011 results
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