Some of the counter that will determine Jubilee gains from the market going forward:
1. DTB – 31.5% of jubilees portfolio – down 36% in 2011
2. TPS – 10.5% of portfolio – down 27% in 2011
3. KPLC - 6.6% of portfolio – down 34% in 2011
4. NMG – 6% of portfolio – down 12% in 2011
5. Mumias – 2.5% of portfolio – down 47% in 2011
6. KQ – 1.2% of portfolio – down 56% in 2011
7. Kengen – 0.8 of portfolio – down 52% in 2011
8. KCB – xxxxxxxxxxxxxx – down 26% in 2011
9. Safcom – xxxxxxxxxxxxxx- down 35% in 2011
10. Others – xxxxxxxxxx – xxxxxxxxxx (add/edit)
1-7 account for 60% of jubilees portfolio. I believe Jubilee is also in KCB and Safcom in a big way (guru, @cde, @et al can comfirm the percentage holding)
You’ll realize that all these counters gained significantly in 2010 when Jubilee recorded gains of 1,853,162,000 (220,059,000+1,633,103,000) from market while it recorded a loss of 587,763,000 (258,599,000+329,164,000) in 2011. I fail to understand why the dealers in Jubilee did not lock the gain in 2010 and again watched all these gains being eroded in 2011 to an extent of making losses. They should honestly know better. In my opinion, Jubilee should get dealers who know profit taking levels and stop loss levels for their enormous KES 4.6B investment in quoted shares.