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Jubilee Holdings FY 2011 results
Aguytrying
#21 Posted : Tuesday, April 03, 2012 10:20:41 AM
Rank: Elder


Joined: 7/11/2010
Posts: 5,040
mwekez@ji wrote:
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!!!


Very interesting, enough to make one turn and RUN!!!
The investor's chief problem - and even his worst enemy - is likely to be himself
guru267
#22 Posted : Tuesday, April 03, 2012 1:07:59 PM
Rank: Elder


Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
Aguytrying wrote:
mwekez@ji wrote:
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!!!


Very interesting, enough to make one turn and RUN!!!


This is a bet I do not agree with.. It will slap a nasty impairment loss on JUBs P&L for 2012..
Mark 12:29
Deuteronomy 4:16
Aguytrying
#23 Posted : Tuesday, April 03, 2012 9:09:10 PM
Rank: Elder


Joined: 7/11/2010
Posts: 5,040
guru267 wrote:
Aguytrying wrote:
mwekez@ji wrote:
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!!!


Very interesting, enough to make one turn and RUN!!!


This is a bet I do not agree with.. It will slap a nasty impairment loss on JUBs P&L for 2012..


and it must be greatly responsible for n.s.e investmet (paper) loss they incurred, as KQ share has lost >50% its value from last year
The investor's chief problem - and even his worst enemy - is likely to be himself
mwekez@ji
#24 Posted : Wednesday, April 04, 2012 5:34:14 PM
Rank: Chief


Joined: 5/31/2011
Posts: 5,121
Aguytrying wrote:
guru267 wrote:
Aguytrying wrote:
mwekez@ji wrote:
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!!!


Very interesting, enough to make one turn and RUN!!!


This is a bet I do not agree with.. It will slap a nasty impairment loss on JUBs P&L for 2012..


and it must be greatly responsible for n.s.e investmet (paper) loss they incurred, as KQ share has lost >50% its value from last year


KQ is just the tip of the iceberg. It accounted for just 1.24% of their quoted shares (having excluded the associate companies). {(2,849,324*20)/( 3,739,567,000+ 871,119,000)}=1.24%

NB: kes 20 was the KQ price in dec when they did the Annual Report

mwekez@ji
#25 Posted : Sunday, April 08, 2012 7:04:44 PM
Rank: Chief


Joined: 5/31/2011
Posts: 5,121
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.
the deal
#26 Posted : Monday, April 16, 2012 9:05:27 AM
Rank: Elder


Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
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