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JUBILEE HOLDINGS
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mukiha
#1 Posted : Wednesday, February 10, 2010 7:53:34 AM
Rank: Elder

Joined: 6/27/2008
Posts: 4,114
This is a carry over from another thread:

"Jubilee is not just an insurance business; it is an investment company whose holdings include banking (DTB), tourism (TPS-EA), power generation (Tsavo Power), real estate (IPS building) etc...."

Looking at the financial report for 2008, the company has managed an average of 21% p.a growth in profits (EPS) in the last ten years.

Dividends have averaged 12% pa growth in the same period.

But the price....that's a different story...but we know the reason why.

I think this is a good one for long term. P/E of 10 is bad for such consistent growth.

Jubilee: you are on my cross-hairs!
Nothing is real unless it can be named; nothing has value unless it can be sold; money is worthless unless you spend it.
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Gordon Gekko
#2 Posted : Wednesday, February 10, 2010 10:49:20 AM
Rank: Elder

Joined: 5/27/2008
Posts: 3,760
You have left out investment in fibre (Seacom) whose revenues should show up in this years accounts....
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E2D
#3 Posted : Wednesday, February 10, 2010 12:44:11 PM
Rank: Member

Joined: 11/13/2009
Posts: 35
and their insurance products vs returns are quite impressive!!!
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guru267
#4 Posted : Thursday, February 11, 2010 6:30:11 AM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
Quote:
But the price....that's a different story...but we know the reason why.

@mukiha.. is there another reason why the price is low except general market conditions?
Mark 12:29
Deuteronomy 4:16
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RichVee
#5 Posted : Thursday, February 11, 2010 9:23:31 AM
Rank: Member

Joined: 1/26/2010
Posts: 124
@guru, is the price low?? I think it is high!
Tired of mediocrity. Am going to the very top!
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guru267
#6 Posted : Thursday, February 11, 2010 10:12:46 AM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
@richvee.. jubilee is not highly priced at all.. @mukiha pointed out that it has seen good growth in profits and dividends.. and a p/e of 9.7 is fairly cheap especially considering it has a wide untapped market and is well diversified... though i think its shares need a split to unlock its value...

this counter in my opinion is a good buy!!
Mark 12:29
Deuteronomy 4:16
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RichVee
#7 Posted : Thursday, February 11, 2010 10:50:58 AM
Rank: Member

Joined: 1/26/2010
Posts: 124
I suppose what I meant is that it needs to be split...
Tired of mediocrity. Am going to the very top!
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VituVingiSana
#8 Posted : Thursday, February 11, 2010 3:54:30 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,346
Location: Nairobi
Jubilee does not want fly-by-night investors or speculators thus they will give bonuses but no splits.

The Chairman is a jamaa who is forceful & likes the current status! Produce results, the share price will take care of itself....
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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guru267
#9 Posted : Friday, February 12, 2010 6:03:57 AM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
@VVS you may be right about the management not wanting to split this stock but how will they offer the shareholders more value???
the NSE trends after 2007 indicate that no matter how much profits are increased the share prices dont seem to be able to go above 200bob and thus remain undervalued especially the ones with low foreign demand..
its unheard of for a market to have counters trading with a p/e of 3 or 4 for no fundamental reason
Mark 12:29
Deuteronomy 4:16
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VituVingiSana
#10 Posted : Friday, February 12, 2010 3:26:57 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,346
Location: Nairobi
@guru - Jubilee constantly gives bonuses. I think they will do so again since the IRA wants certain levels of 'Share Capital'.

BTW, the IRA position should be 'Shareholder Funds' but oh well...

Anyway, I am sure Jubilee will give a bonus or split but not to the level of 20/- shares... more like trying to stay in the 80+ range
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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