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Jubilee Insurance Group HY 2015 profit up 23%
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muganda
#1 Posted : Tuesday, September 01, 2015 8:03:24 AM
Rank: Elder


Joined: 9/15/2006
Posts: 3,905
King of the hill, never disappoints, even in choppy weather and after increase in shares of 10%
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Pesa Nane
#2 Posted : Tuesday, September 01, 2015 8:49:07 AM
Rank: Elder


Joined: 5/25/2012
Posts: 4,105
Location: 08c
Applause Applause Applause

Should get me some, someday

Pesa Nane plans to be shilingi when he grows up.
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Gatheuzi
#3 Posted : Tuesday, September 01, 2015 9:20:16 AM
Rank: Veteran


Joined: 8/16/2009
Posts: 994
Great company, quality management. Look at that increase in investment income plus a growing share of results from associates and you can gauge how careful these guys are in their investment selection. Once the company grows, their dividend payments will eventually grow. I also like the way finance costs have been managed.
Time is money, so money is time. Money saved is time gained in reverse! Money stores your life’s energy. You expend your energy, get paid money, and store that money for a future purchase made in a currency.
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watesh
#4 Posted : Tuesday, September 01, 2015 9:33:10 AM
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Joined: 8/10/2014
Posts: 977
Location: Kenya
Am not a big fan of insurance companies but Jubilee truly stands out completely!!!!!Extremely great results
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VituVingiSana
#5 Posted : Tuesday, September 01, 2015 9:39:59 AM
Rank: Chief


Joined: 1/3/2007
Posts: 18,121
Location: Nairobi
Quality Management. I remain a fan of the Aga Khan firms.
Even Nation/NMG is doing well despite the challenges in the sector.
Serena/TPS is expanding (for the future) while things are looking grim but it remains a well-managed firm.
DTB as you know is a star performer over the years.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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shocks
#6 Posted : Tuesday, September 01, 2015 11:31:14 AM
Rank: Member


Joined: 3/15/2009
Posts: 360
Pesa Nane wrote:
Applause Applause Applause
Should get me some, someday


why are guys clapping, this industry is sick, the results show there is no money to be made in underwriting. If all money is coming from investments, they should convert into an investment firm then. Nani ameona statement of cashflow
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VituVingiSana
#7 Posted : Tuesday, September 01, 2015 1:55:04 PM
Rank: Chief


Joined: 1/3/2007
Posts: 18,121
Location: Nairobi
shocks wrote:
Pesa Nane wrote:
Applause Applause Applause
Should get me some, someday


why are guys clapping, this industry is sick, the results show there is no money to be made in underwriting. If all money is coming from investments, they should convert into an investment firm then. Nani ameona statement of cashflow


There is chap called Warren Buffett. Nice guy. And his buddy is Charles Munger. A curmudgeon. They do this comedy show every year (early May) in Omaha, Nebraska, USA. Check it out.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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watesh
#8 Posted : Tuesday, September 01, 2015 9:42:04 PM
Rank: Veteran


Joined: 8/10/2014
Posts: 977
Location: Kenya
shocks wrote:
Pesa Nane wrote:
Applause Applause Applause
Should get me some, someday


why are guys clapping, this industry is sick, the results show there is no money to be made in underwriting. If all money is coming from investments, they should convert into an investment firm then. Nani ameona statement of cashflow


Well no wonder they have tiny dividends....
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Aguytrying
#9 Posted : Tuesday, September 01, 2015 11:05:13 PM
Rank: Elder


Joined: 7/11/2010
Posts: 5,040
Wonderful company. I don't remember seeing a profit drop in recent years
The investor's chief problem - and even his worst enemy - is likely to be himself
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innovator
#10 Posted : Tuesday, September 01, 2015 11:10:34 PM
Rank: Member


Joined: 7/24/2010
Posts: 236
Location: nairobi
A 10% bonus without the share price blinking is not a tiny divided. At the current price of sh540 it is 54+8.50= 62.50 per share divided should be the highest in nse.
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watesh
#11 Posted : Wednesday, September 02, 2015 10:50:25 AM
Rank: Veteran


Joined: 8/10/2014
Posts: 977
Location: Kenya
innovator wrote:
A 10% bonus without the share price blinking is not a tiny divided. At the current price of sh540 it is 54+8.50= 62.50 per share divided should be the highest in nse.

Companies that pay dividends in term of new shares rather than cash just show they are suffering cashwise
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VituVingiSana
#12 Posted : Wednesday, September 02, 2015 12:21:51 PM
Rank: Chief


Joined: 1/3/2007
Posts: 18,121
Location: Nairobi
watesh wrote:
innovator wrote:
A 10% bonus without the share price blinking is not a tiny divided. At the current price of sh540 it is 54+8.50= 62.50 per share divided should be the highest in nse.

Companies that pay dividends in term of new shares rather than cash just show they are suffering cashwise

I wanted to make a snide comment but perhaps the chap is lost.

A bonus is not a dividend. It is simply a slice cut from the same cake. You get more but thinner slices. Psychology.
If you owned 20% of Jubilee & got a 1:10 (10%) bonus you still own 20% of Jubilee. If the bonus was 1:1 (100%) you still own 20%.

Some firms don't pay dividends. Centum. Berkshire Hathaway. Let's discuss BH. It has split its (A to B & also B) shares on occasion. No dividend. It's cash holdings exceed Kenya's GDP.

Uchumi announced a dividend. Jubilee announces very small dividends. Which firm has outperformed over the past 10 even 20 years?

Many firms 'preserve' cash to reinvest in their businesses. Jubilee is one of them. Conservative firm. The Chairman is a major shareholder of Jubilee. I like that. Skin in the game.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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innovator
#13 Posted : Wednesday, September 02, 2015 12:39:07 PM
Rank: Member


Joined: 7/24/2010
Posts: 236
Location: nairobi
VituVingiSana wrote:
watesh wrote:
innovator wrote:
A 10% bonus without the share price blinking is not a tiny divided. At the current price of sh540 it is 54+8.50= 62.50 per share divided should be the highest in nse.

Companies that pay dividends in term of new shares rather than cash just show they are suffering cashwise

I wanted to make a snide comment but perhaps the chap is lost.

A bonus is not a dividend. It is simply a slice cut from the same cake. You get more but thinner slices. Psychology.
If you owned 20% of Jubilee & got a 1:10 (10%) bonus you still own 20% of Jubilee. If the bonus was 1:1 (100%) you still own 20%.

Some firms don't pay dividends. Centum. Berkshire Hathaway. Let's discuss BH. It has split its (A to B & also B) shares on occasion. No dividend. It's cash holdings exceed Kenya's GDP.

Uchumi announced a dividend. Jubilee announces very small dividends. Which firm has outperformed over the past 10 even 20 years?

Many firms 'preserve' cash to reinvest in their businesses. Jubilee is one of them. Conservative firm. The Chairman is a major shareholder of Jubilee. I like that. Skin in the game.


Is it not the value the shareholder gets at the end that matters. The combination of share price appreciation including bonus and dividends would be my interest in my investment.
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VituVingiSana
#14 Posted : Wednesday, September 02, 2015 12:53:44 PM
Rank: Chief


Joined: 1/3/2007
Posts: 18,121
Location: Nairobi
innovator wrote:
VituVingiSana wrote:
watesh wrote:
innovator wrote:
A 10% bonus without the share price blinking is not a tiny divided. At the current price of sh540 it is 54+8.50= 62.50 per share divided should be the highest in nse.

Companies that pay dividends in term of new shares rather than cash just show they are suffering cashwise

I wanted to make a snide comment but perhaps the chap is lost.

A bonus is not a dividend. It is simply a slice cut from the same cake. You get more but thinner slices. Psychology.
If you owned 20% of Jubilee & got a 1:10 (10%) bonus you still own 20% of Jubilee. If the bonus was 1:1 (100%) you still own 20%.

Some firms don't pay dividends. Centum. Berkshire Hathaway. Let's discuss BH. It has split its (A to B & also B) shares on occasion. No dividend. It's cash holdings exceed Kenya's GDP.

Uchumi announced a dividend. Jubilee announces very small dividends. Which firm has outperformed over the past 10 even 20 years?

Many firms 'preserve' cash to reinvest in their businesses. Jubilee is one of them. Conservative firm. The Chairman is a major shareholder of Jubilee. I like that. Skin in the game.


Is it not the value the shareholder gets at the end that matters. The combination of share price appreciation including bonus and dividends would be my interest in my investment.

Yes. At the end of the day what most investors want is TOTAL RETURN. That's a combination of dividends & value of shares. Jubilee has chosen the conservative path of preserving cash to reinvest instead of paying dividends & going for Rights Issues.

I am NOT advocating anyone buys Jubilee coz it is NOT cheap but I have seen it do very well for shareholders who bought it 20 years ago and held on to the shares. My goal is to buy the next Jubilee before folks find out it is the next Jubilee.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Aguytrying
#15 Posted : Wednesday, September 02, 2015 1:13:41 PM
Rank: Elder


Joined: 7/11/2010
Posts: 5,040
VituVingiSana wrote:
innovator wrote:
VituVingiSana wrote:
watesh wrote:
innovator wrote:
A 10% bonus without the share price blinking is not a tiny divided. At the current price of sh540 it is 54+8.50= 62.50 per share divided should be the highest in nse.

Companies that pay dividends in term of new shares rather than cash just show they are suffering cashwise

I wanted to make a snide comment but perhaps the chap is lost.

A bonus is not a dividend. It is simply a slice cut from the same cake. You get more but thinner slices. Psychology.
If you owned 20% of Jubilee & got a 1:10 (10%) bonus you still own 20% of Jubilee. If the bonus was 1:1 (100%) you still own 20%.

Some firms don't pay dividends. Centum. Berkshire Hathaway. Let's discuss BH. It has split its (A to B & also B) shares on occasion. No dividend. It's cash holdings exceed Kenya's GDP.

Uchumi announced a dividend. Jubilee announces very small dividends. Which firm has outperformed over the past 10 even 20 years?

Many firms 'preserve' cash to reinvest in their businesses. Jubilee is one of them. Conservative firm. The Chairman is a major shareholder of Jubilee. I like that. Skin in the game.


Is it not the value the shareholder gets at the end that matters. The combination of share price appreciation including bonus and dividends would be my interest in my investment.

Yes. At the end of the day what most investors want is TOTAL RETURN. That's a combination of dividends & value of shares. Jubilee has chosen the conservative path of preserving cash to reinvest instead of paying dividends & going for Rights Issues.

I am NOT advocating anyone buys Jubilee coz it is NOT cheap but I have seen it do very well for shareholders who bought it 20 years ago and held on to the shares. My goal is to buy the next Jubilee before folks find out it is the next Jubilee.


Pan africa maybe. Anyway if the bears come to town proper you can get jubilee at 1.3-1.5 of NAV (245 according to SIB)
The investor's chief problem - and even his worst enemy - is likely to be himself
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Ali Baba
#16 Posted : Wednesday, September 02, 2015 1:30:37 PM
Rank: Member


Joined: 8/29/2008
Posts: 571
Aguytrying wrote:
VituVingiSana wrote:
innovator wrote:
VituVingiSana wrote:
watesh wrote:
innovator wrote:
A 10% bonus without the share price blinking is not a tiny divided. At the current price of sh540 it is 54+8.50= 62.50 per share divided should be the highest in nse.

Companies that pay dividends in term of new shares rather than cash just show they are suffering cashwise

I wanted to make a snide comment but perhaps the chap is lost.

A bonus is not a dividend. It is simply a slice cut from the same cake. You get more but thinner slices. Psychology.
If you owned 20% of Jubilee & got a 1:10 (10%) bonus you still own 20% of Jubilee. If the bonus was 1:1 (100%) you still own 20%.

Some firms don't pay dividends. Centum. Berkshire Hathaway. Let's discuss BH. It has split its (A to B & also B) shares on occasion. No dividend. It's cash holdings exceed Kenya's GDP.

Uchumi announced a dividend. Jubilee announces very small dividends. Which firm has outperformed over the past 10 even 20 years?

Many firms 'preserve' cash to reinvest in their businesses. Jubilee is one of them. Conservative firm. The Chairman is a major shareholder of Jubilee. I like that. Skin in the game.


Is it not the value the shareholder gets at the end that matters. The combination of share price appreciation including bonus and dividends would be my interest in my investment.

Yes. At the end of the day what most investors want is TOTAL RETURN. That's a combination of dividends & value of shares. Jubilee has chosen the conservative path of preserving cash to reinvest instead of paying dividends & going for Rights Issues.

I am NOT advocating anyone buys Jubilee coz it is NOT cheap but I have seen it do very well for shareholders who bought it 20 years ago and held on to the shares. My goal is to buy the next Jubilee before folks find out it is the next Jubilee.


Pan africa maybe. Anyway if the bears come to town proper you can get jubilee at 1.3-1.5 of NAV (245 according to SIB)
We,the proud shareholders of JUB are never worried by the bear.We are the bears.Even if the price slumps to 200,I will buy more.But I won't do any selling.And during the last AGM,one shareholder opposed the splitting of the shares.However,I think JUB should stop paying divindeds and invest all its cash.
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Pesa Nane
#17 Posted : Wednesday, September 02, 2015 2:23:27 PM
Rank: Elder


Joined: 5/25/2012
Posts: 4,105
Location: 08c
VituVingiSana wrote:
watesh wrote:
innovator wrote:
A 10% bonus without the share price blinking is not a tiny divided. At the current price of sh540 it is 54+8.50= 62.50 per share divided should be the highest in nse.

Companies that pay dividends in term of new shares rather than cash just show they are suffering cashwise

I wanted to make a snide comment but perhaps the chap is lost.

A bonus is not a dividend. It is simply a slice cut from the same cake. You get more but thinner slices. Psychology.
If you owned 20% of Jubilee & got a 1:10 (10%) bonus you still own 20% of Jubilee. If the bonus was 1:1 (100%) you still own 20%.

Some firms don't pay dividends. Centum. Berkshire Hathaway. Let's discuss BH. It has split its (A to B & also B) shares on occasion. No dividend. It's cash holdings exceed Kenya's GDP.

Uchumi announced a dividend. Jubilee announces very small dividends. Which firm has outperformed over the past 10 even 20 years?

Many firms 'preserve' cash to reinvest in their businesses. Jubilee is one of them. Conservative firm. The Chairman is a major shareholder of Jubilee. I like that. Skin in the game.

idiots are yet to pay my FY14 dividend of 30 bob!!
Pesa Nane plans to be shilingi when he grows up.
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murchr
#18 Posted : Wednesday, September 02, 2015 2:36:50 PM
Rank: Elder


Joined: 2/26/2012
Posts: 15,980
VituVingiSana wrote:
watesh wrote:
innovator wrote:
A 10% bonus without the share price blinking is not a tiny divided. At the current price of sh540 it is 54+8.50= 62.50 per share divided should be the highest in nse.

Companies that pay dividends in term of new shares rather than cash just show they are suffering cashwise

I wanted to make a snide comment but perhaps the chap is lost.

A bonus is not a dividend. It is simply a slice cut from the same cake. You get more but thinner slices. Psychology.
If you owned 20% of Jubilee & got a 1:10 (10%) bonus you still own 20% of Jubilee. If the bonus was 1:1 (100%) you still own 20%.

Some firms don't pay dividends. Centum. Berkshire Hathaway. Let's discuss BH. It has split its (A to B & also B) shares on occasion. No dividend. It's cash holdings exceed Kenya's GDP.

Uchumi announced a dividend. Jubilee announces very small dividends. Which firm has outperformed over the past 10 even 20 years?

Many firms 'preserve' cash to reinvest in their businesses. Jubilee is one of them. Conservative firm. The Chairman is a major shareholder of Jubilee. I like that. Skin in the game.


And for the umpteenth time VVS explains what a bonus issue is to Wazua. Madam admin should come up with a FAQ portal. smile
"There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
.
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VituVingiSana
#19 Posted : Wednesday, September 02, 2015 4:02:20 PM
Rank: Chief


Joined: 1/3/2007
Posts: 18,121
Location: Nairobi
Ali Baba wrote:
Aguytrying wrote:
VituVingiSana wrote:
innovator wrote:
VituVingiSana wrote:
watesh wrote:
innovator wrote:
A 10% bonus without the share price blinking is not a tiny divided. At the current price of sh540 it is 54+8.50= 62.50 per share divided should be the highest in nse.

Companies that pay dividends in term of new shares rather than cash just show they are suffering cashwise

I wanted to make a snide comment but perhaps the chap is lost.

A bonus is not a dividend. It is simply a slice cut from the same cake. You get more but thinner slices. Psychology.
If you owned 20% of Jubilee & got a 1:10 (10%) bonus you still own 20% of Jubilee. If the bonus was 1:1 (100%) you still own 20%.

Some firms don't pay dividends. Centum. Berkshire Hathaway. Let's discuss BH. It has split its (A to B & also B) shares on occasion. No dividend. It's cash holdings exceed Kenya's GDP.

Uchumi announced a dividend. Jubilee announces very small dividends. Which firm has outperformed over the past 10 even 20 years?

Many firms 'preserve' cash to reinvest in their businesses. Jubilee is one of them. Conservative firm. The Chairman is a major shareholder of Jubilee. I like that. Skin in the game.


Is it not the value the shareholder gets at the end that matters. The combination of share price appreciation including bonus and dividends would be my interest in my investment.

Yes. At the end of the day what most investors want is TOTAL RETURN. That's a combination of dividends & value of shares. Jubilee has chosen the conservative path of preserving cash to reinvest instead of paying dividends & going for Rights Issues.

I am NOT advocating anyone buys Jubilee coz it is NOT cheap but I have seen it do very well for shareholders who bought it 20 years ago and held on to the shares. My goal is to buy the next Jubilee before folks find out it is the next Jubilee.


Pan africa maybe. Anyway if the bears come to town proper you can get jubilee at 1.3-1.5 of NAV (245 according to SIB)
We,the proud shareholders of JUB are never worried by the bear.We are the bears.Even if the price slumps to 200,I will buy more.But I won't do any selling.And during the last AGM,one shareholder opposed the splitting of the shares.However,I think JUB should stop paying divindeds and invest all its cash.
I am not a fan of South African management so no PAFR for me. Jubilee owns lots of equities and the solid management loves bear markets so they can go on a shopping spree. I would buy Jubilee like I buy roasted maize if I could get them at 200.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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VituVingiSana
#20 Posted : Wednesday, September 02, 2015 5:36:37 PM
Rank: Chief


Joined: 1/3/2007
Posts: 18,121
Location: Nairobi
@murchr. Asante! Bonuses, Splits = Mind games.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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