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Jubilee H1 2012 profit rises 19 pct
mwekez@ji
#1 Posted : Wednesday, August 22, 2012 2:56:33 PM
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Joined: 5/31/2011
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FUNKY
#2 Posted : Wednesday, August 22, 2012 3:15:42 PM
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Joined: 4/30/2010
Posts: 1,635
Any interim dividend?
hisah
#3 Posted : Wednesday, August 22, 2012 3:29:11 PM
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Joined: 8/4/2010
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Hmmm... Is this why JHL has been hammered back to Feb 2012 levels? VWAP @157.

Seems like CFCI and CIC will announce much stellar results as per Mr Market's behaviour on JHL. 19% is not good enough since the hunch is the others will post above 25%.

Britank announced 29%.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
mwekez@ji
#4 Posted : Wednesday, August 22, 2012 4:25:48 PM
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FUNKY wrote:
Any interim dividend?


Y. KES 5.50 per share
FUNKY
#5 Posted : Wednesday, August 22, 2012 4:37:30 PM
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Joined: 4/30/2010
Posts: 1,635
First time they have declared such a generous interim dividend...full year will be better with other goodies...guess someone purposely tried to push down the price today.
mwekez@ji
#6 Posted : Wednesday, August 22, 2012 4:40:26 PM
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hisah wrote:


Hmmm... Is this why JHL has been hammered back to Feb 2012 levels? VWAP @157.



The share price limp is because of the 1:10 bonus shares that began trading at the end of last month.

As a matter of fact, the share has not been hammered when you factor in those bonus shares.
mwekez@ji
#7 Posted : Wednesday, August 22, 2012 4:52:26 PM
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FUNKY wrote:
First time they have declared such a generous interim dividend...full year will be better with other goodies...guess someone purposely tried to push down the price today.


The interim dividend of KES 5.50 is five and a half fold increase from last years interim dividend. A powerful statement of muscular intent.
the deal
#8 Posted : Wednesday, August 22, 2012 5:23:34 PM
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Location: Windhoek/Nairobbery
Link to the PDF Copy?
young
#9 Posted : Wednesday, August 22, 2012 5:32:12 PM
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Joined: 6/20/2007
Posts: 2,037
Location: Lagos, Nigeria
mwekez@ji wrote:
FUNKY wrote:
Any interim dividend?


Y. KES 5.50 per share



Please cross check your source of info I believe you are re-stating last years FY dividend.

Last year interim was 1.00, it is not logical for interim more than 2.00 !!!!
There is no such miracle in dividend payment @Funky
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. .
mwekez@ji
#10 Posted : Wednesday, August 22, 2012 5:58:50 PM
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Joined: 5/31/2011
Posts: 5,121
young wrote:
mwekez@ji wrote:
FUNKY wrote:
Any interim dividend?


Y. KES 5.50 per share



Please cross check your source of info I believe you are re-stating last years FY dividend.

Last year interim was 1.00, it is not logical for interim more than 2.00 !!!!
There is no such miracle in dividend payment @Funky


@young, this could be the a 75th anniversary goodie.

Excerpt from the capital business link in this post

“As we celebrate our 75th anniversary we are delighted to report that Jubilee remains the largest insurer in Kenya, Uganda and Tanzania. Jubilee’s asset base has grown from Sh38 billion to Sh43 billion in the first half of 2012,” Juma said.

Juma said following the performance the shareholders will receive a dividend of Sh5.50 per share.
mwekez@ji
#11 Posted : Wednesday, August 22, 2012 6:03:34 PM
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the deal wrote:
Link to the PDF Copy?


Our NSE is quite slow. Anybody?
young
#12 Posted : Wednesday, August 22, 2012 7:02:51 PM
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Joined: 6/20/2007
Posts: 2,037
Location: Lagos, Nigeria
mwekez@ji wrote:
the deal wrote:
Link to the PDF Copy?


Our NSE is quite slow. Anybody?



If truly the give 5.5Ksh then the right word is say 1.50 interim dividend
and a special dividend of 4.00.
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. .
mwekez@ji
#13 Posted : Wednesday, August 22, 2012 7:15:46 PM
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Joined: 5/31/2011
Posts: 5,121
Right @Young, Interim dividend is KES 1.00. Book closure 21st September 2012. Payment date: 12th October 2012

This is same as what was given last year. There are no special goodies yet for the 75th anniversary in terms of corporate action. Capital business misled

.
mwekez@ji
#14 Posted : Wednesday, August 22, 2012 7:18:24 PM
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Joined: 5/31/2011
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mwekez@ji
#15 Posted : Wednesday, August 22, 2012 7:25:23 PM
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Joined: 5/31/2011
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My take on the performance:

Jubilee deserves an applause. 19% growth in PBT is good performance for the size of this king of the insurance industry.

Applause Applause Applause Applause Applause Applause
FUNKY
#16 Posted : Thursday, August 23, 2012 8:44:36 AM
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Joined: 4/30/2010
Posts: 1,635
True there is no 5.5 dividend...it is 1 bob interim
mwekez@ji
#17 Posted : Thursday, August 23, 2012 10:41:48 AM
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Excerpt of sib report on jubilee

We like the insurer given its market leadership position in East Africa (Kenya, Uganda and Tanzania), as well as an expected expansion into the wider region covering over 10 countries which planned over the next three years. The diversified investments are also something we like especially its exposure to the power sector which provides generally stable income. Separately, the government has announced plans to start insuring its vehicles, which have been previously exempted from third party risks which we think is a positive catalyst for general insurers in Kenya.
mwekez@ji
#18 Posted : Friday, August 24, 2012 11:23:43 AM
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Joined: 5/31/2011
Posts: 5,121
“Our results amply demonstrate that we have the wisdom and experience of a 75 year old but the speed and agility of a 20 year old. This is how during the last eight years, Jubilee has grown tenfold,” said Jubilee Holdings Chairman Nizar Juma.

http://www.jubileeinsurance.com...%20by%2019%20percent.pdf
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