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JUBILEE HOLDINGS
Rank: Elder Joined: 12/4/2009 Posts: 10,684 Location: NAIROBI
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VituVingiSana wrote:Ericsson wrote:VituVingiSana wrote:Ericsson wrote:VituVingiSana wrote:Ericsson wrote:VituVingiSana wrote:Ericsson wrote:VituVingiSana wrote:Ericsson wrote:VituVingiSana wrote:Ericsson wrote:VituVingiSana wrote:My 2 cents wrote:Ericsson wrote:My 2 cents wrote:How do you know? Just answer in a straight forward manner. Check the annual report of list of shareholders. Check the latest and previous. This is in their website Great 2% but GoK has 60%. I hope JHL can buy 26% and get some board seats but GoK still calls the shots. Board seats they need minimum 10%. Do you have any source to back up that 10% can get them a board seat? I know you said "minimum" but that means little in this context since GoK clearly has 50%+ If they want a bigger stake they could explore the other reinsurers such as Continental Re Kenya. Britam years back expressed intention but little information is available on what happened. https://www.businessdail...n-nigerian-firm-2055952 What's the connection between Continental Re and Kenya Re? If they want a bigger stake in a reinsurance firm and don't want a firm where Gok has control/calls the shots. Isn't the point of investing to buy cheap and unlock value? Yes, You can also buy and have synergy with it for example directing their reinsurance business through a company they have a stake in to lock in the money or profits That would simply be concentrating their risk that they would to reinsure. Why not keep buying Kenya Re which is cheap on a NAV basis vs paying full price for Continental Re? Doesn't Jubilee have the option of not reinsuring with anyone (except for Kenya Re) if it wants to retain more of the premiums? No they don't. There are some business because of their value/worth a portion of it you have to reinsure with two or more reinsurers. Jubilee isn't in charge of "General Business" (51% in Kenya sold to Allianz). The Life and Medical to be reinsured can easily be shared between Kenya Re and Allianz. Not that easily as you have mentioned. Allianz Kenya is an insurance company,so how does it reinsure Yes, it is that easy. It's not rocket science. Who said Jubilee should reinsure with Allianz KE? Allianz (the partner and fellow shareholder) is a HUGE firm with a reinsurance arm https://www.allianzre.com/en_GB.html
If it's that easy,give example of such an arrangement that has been done locally. Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Veteran Joined: 6/2/2010 Posts: 1,066
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Incidentally Kenya-Re's market share has been dropping. It is now at 16% of the Kenyan market. I wonder who is chipping away at their share.
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Rank: Elder Joined: 12/4/2009 Posts: 10,684 Location: NAIROBI
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My 2 cents wrote:Incidentally Kenya-Re's market share has been dropping. It is now at 16% of the Kenyan market. I wonder who is chipping away at their share. East Africa Re Continental Re Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Chief Joined: 1/3/2007 Posts: 18,103 Location: Nairobi
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Ericsson wrote:VituVingiSana wrote:Ericsson wrote:VituVingiSana wrote:Ericsson wrote:VituVingiSana wrote:Ericsson wrote:VituVingiSana wrote:Ericsson wrote:VituVingiSana wrote:Ericsson wrote:VituVingiSana wrote:Ericsson wrote:VituVingiSana wrote:My 2 cents wrote:Ericsson wrote:My 2 cents wrote:How do you know? Just answer in a straight forward manner. Check the annual report of list of shareholders. Check the latest and previous. This is in their website Great 2% but GoK has 60%. I hope JHL can buy 26% and get some board seats but GoK still calls the shots. Board seats they need minimum 10%. Do you have any source to back up that 10% can get them a board seat? I know you said "minimum" but that means little in this context since GoK clearly has 50%+ If they want a bigger stake they could explore the other reinsurers such as Continental Re Kenya. Britam years back expressed intention but little information is available on what happened. https://www.businessdail...n-nigerian-firm-2055952 What's the connection between Continental Re and Kenya Re? If they want a bigger stake in a reinsurance firm and don't want a firm where Gok has control/calls the shots. Isn't the point of investing to buy cheap and unlock value? Yes, You can also buy and have synergy with it for example directing their reinsurance business through a company they have a stake in to lock in the money or profits That would simply be concentrating their risk that they would to reinsure. Why not keep buying Kenya Re which is cheap on a NAV basis vs paying full price for Continental Re? Doesn't Jubilee have the option of not reinsuring with anyone (except for Kenya Re) if it wants to retain more of the premiums? No they don't. There are some business because of their value/worth a portion of it you have to reinsure with two or more reinsurers. Jubilee isn't in charge of "General Business" (51% in Kenya sold to Allianz). The Life and Medical to be reinsured can easily be shared between Kenya Re and Allianz. Not that easily as you have mentioned. Allianz Kenya is an insurance company,so how does it reinsure Yes, it is that easy. It's not rocket science. Who said Jubilee should reinsure with Allianz KE? Allianz (the partner and fellow shareholder) is a HUGE firm with a reinsurance arm https://www.allianzre.com/en_GB.html
If it's that easy, give example of such an arrangement that has been done locally. UAP Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 12/4/2009 Posts: 10,684 Location: NAIROBI
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VituVingiSana wrote:Ericsson wrote:VituVingiSana wrote:Ericsson wrote:VituVingiSana wrote:Ericsson wrote:VituVingiSana wrote:Ericsson wrote:VituVingiSana wrote:Ericsson wrote:VituVingiSana wrote:Ericsson wrote:VituVingiSana wrote:Ericsson wrote:VituVingiSana wrote:My 2 cents wrote:Ericsson wrote:My 2 cents wrote:How do you know? Just answer in a straight forward manner. Check the annual report of list of shareholders. Check the latest and previous. This is in their website Great 2% but GoK has 60%. I hope JHL can buy 26% and get some board seats but GoK still calls the shots. Board seats they need minimum 10%. Do you have any source to back up that 10% can get them a board seat? I know you said "minimum" but that means little in this context since GoK clearly has 50%+ If they want a bigger stake they could explore the other reinsurers such as Continental Re Kenya. Britam years back expressed intention but little information is available on what happened. https://www.businessdail...n-nigerian-firm-2055952 What's the connection between Continental Re and Kenya Re? If they want a bigger stake in a reinsurance firm and don't want a firm where Gok has control/calls the shots. Isn't the point of investing to buy cheap and unlock value? Yes, You can also buy and have synergy with it for example directing their reinsurance business through a company they have a stake in to lock in the money or profits That would simply be concentrating their risk that they would to reinsure. Why not keep buying Kenya Re which is cheap on a NAV basis vs paying full price for Continental Re? Doesn't Jubilee have the option of not reinsuring with anyone (except for Kenya Re) if it wants to retain more of the premiums? No they don't. There are some business because of their value/worth a portion of it you have to reinsure with two or more reinsurers. Jubilee isn't in charge of "General Business" (51% in Kenya sold to Allianz). The Life and Medical to be reinsured can easily be shared between Kenya Re and Allianz. Not that easily as you have mentioned. Allianz Kenya is an insurance company,so how does it reinsure Yes, it is that easy. It's not rocket science. Who said Jubilee should reinsure with Allianz KE? Allianz (the partner and fellow shareholder) is a HUGE firm with a reinsurance arm https://www.allianzre.com/en_GB.html
If it's that easy, give example of such an arrangement that has been done locally. UAP UAP reinsurance business is split between Kenya Re,Zep Re and Africa Re. Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Chief Joined: 1/3/2007 Posts: 18,103 Location: Nairobi
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Ericsson wrote:VituVingiSana wrote:Ericsson wrote:VituVingiSana wrote:Ericsson wrote:VituVingiSana wrote:Ericsson wrote:VituVingiSana wrote:Ericsson wrote:VituVingiSana wrote:Ericsson wrote:VituVingiSana wrote:Ericsson wrote:VituVingiSana wrote:Ericsson wrote:VituVingiSana wrote:My 2 cents wrote:Ericsson wrote:My 2 cents wrote:How do you know? Just answer in a straight forward manner. Check the annual report of list of shareholders. Check the latest and previous. This is in their website Great 2% but GoK has 60%. I hope JHL can buy 26% and get some board seats but GoK still calls the shots. Board seats they need minimum 10%. Do you have any source to back up that 10% can get them a board seat? I know you said "minimum" but that means little in this context since GoK clearly has 50%+ If they want a bigger stake they could explore the other reinsurers such as Continental Re Kenya. Britam years back expressed intention but little information is available on what happened. https://www.businessdail...n-nigerian-firm-2055952 What's the connection between Continental Re and Kenya Re? If they want a bigger stake in a reinsurance firm and don't want a firm where Gok has control/calls the shots. Isn't the point of investing to buy cheap and unlock value? Yes, You can also buy and have synergy with it for example directing their reinsurance business through a company they have a stake in to lock in the money or profits That would simply be concentrating their risk that they would to reinsure. Why not keep buying Kenya Re which is cheap on a NAV basis vs paying full price for Continental Re? Doesn't Jubilee have the option of not reinsuring with anyone (except for Kenya Re) if it wants to retain more of the premiums? No they don't. There are some business because of their value/worth a portion of it you have to reinsure with two or more reinsurers. Jubilee isn't in charge of "General Business" (51% in Kenya sold to Allianz). The Life and Medical to be reinsured can easily be shared between Kenya Re and Allianz. Not that easily as you have mentioned. Allianz Kenya is an insurance company,so how does it reinsure Yes, it is that easy. It's not rocket science. Who said Jubilee should reinsure with Allianz KE? Allianz (the partner and fellow shareholder) is a HUGE firm with a reinsurance arm https://www.allianzre.com/en_GB.html
If it's that easy, give example of such an arrangement that has been done locally. UAP UAP reinsurance business is split between Kenya Re,Zep Re and Africa Re. Isn't there a requirement to use Zep Re just as one has to use Kenya Re? Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 12/4/2009 Posts: 10,684 Location: NAIROBI
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VituVingiSana wrote:Ericsson wrote:VituVingiSana wrote:Ericsson wrote:VituVingiSana wrote:Ericsson wrote:VituVingiSana wrote:Ericsson wrote:VituVingiSana wrote:Ericsson wrote:VituVingiSana wrote:Ericsson wrote:VituVingiSana wrote:Ericsson wrote:VituVingiSana wrote:Ericsson wrote:VituVingiSana wrote:My 2 cents wrote:Ericsson wrote:My 2 cents wrote:How do you know? Just answer in a straight forward manner. Check the annual report of list of shareholders. Check the latest and previous. This is in their website Great 2% but GoK has 60%. I hope JHL can buy 26% and get some board seats but GoK still calls the shots. Board seats they need minimum 10%. Do you have any source to back up that 10% can get them a board seat? I know you said "minimum" but that means little in this context since GoK clearly has 50%+ If they want a bigger stake they could explore the other reinsurers such as Continental Re Kenya. Britam years back expressed intention but little information is available on what happened. https://www.businessdail...n-nigerian-firm-2055952 What's the connection between Continental Re and Kenya Re? If they want a bigger stake in a reinsurance firm and don't want a firm where Gok has control/calls the shots. Isn't the point of investing to buy cheap and unlock value? Yes, You can also buy and have synergy with it for example directing their reinsurance business through a company they have a stake in to lock in the money or profits That would simply be concentrating their risk that they would to reinsure. Why not keep buying Kenya Re which is cheap on a NAV basis vs paying full price for Continental Re? Doesn't Jubilee have the option of not reinsuring with anyone (except for Kenya Re) if it wants to retain more of the premiums? No they don't. There are some business because of their value/worth a portion of it you have to reinsure with two or more reinsurers. Jubilee isn't in charge of "General Business" (51% in Kenya sold to Allianz). The Life and Medical to be reinsured can easily be shared between Kenya Re and Allianz. Not that easily as you have mentioned. Allianz Kenya is an insurance company,so how does it reinsure Yes, it is that easy. It's not rocket science. Who said Jubilee should reinsure with Allianz KE? Allianz (the partner and fellow shareholder) is a HUGE firm with a reinsurance arm https://www.allianzre.com/en_GB.html
If it's that easy, give example of such an arrangement that has been done locally. UAP UAP reinsurance business is split between Kenya Re,Zep Re and Africa Re. Isn't there a requirement to use Zep Re just as one has to use Kenya Re? Yes Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 12/4/2009 Posts: 10,684 Location: NAIROBI
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Ericsson wrote:VituVingiSana wrote:Ericsson wrote:VituVingiSana wrote:My 2 cents wrote:Ericsson wrote:[quote=My 2 cents]How do you know? Just answer in a straight forward manner. Check the annual report of list of shareholders. Check the latest and previous. This is in their website Great 2% but GoK has 60%. I hope JHL can buy 26% and get some board seats but GoK still calls the shots. Board seats they need minimum 10%. Do you have any source to back up that 10% can get them a board seat? I know you said "minimum" but that means little in this context since GoK clearly has 50%+ If they want a bigger stake they could explore the other reinsurers such as Continental Re Kenya. Britam years back expressed intention but little information is available on what happened. https://www.businessdail...n-nigerian-firm-2055952[/quote] Britam executed the transaction and owns 35% of Continental Re Kenya Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 12/4/2009 Posts: 10,684 Location: NAIROBI
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Jubilee Holdings has acquired an additional 10% shareholding in broadband submarine sea cable SEACOM,raising it's shareholding to the internet infrastructure venture to 18.8%. SEACOM leverages cloud technology to equip small to medium enterprises with cost-effective, simple to integrate business tools that rapidly extend their reach. We are very pleased with this additional investment in SEACOM, which has been a key player for modernization of African businesses for a number of countries, and we have confidence in the business's growth trajectory ~ Jubilee Holdings Group Chairman Nizar Juma Jubilee Holdings is acting through IPS Cable System Ltd, which has acquired SEACOM Holding Ltd (Mauritius) shareholding amounting to 10 percent https://pbs.twimg.com/me...ormat=jpg&name=smallWealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 12/4/2009 Posts: 10,684 Location: NAIROBI
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Jubilee Holdings to announce FY2021 results tomorrow after market close Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Member Joined: 9/27/2006 Posts: 503
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Anyone know why this company is so stingy with dividends? It routinely hits 5 billion in profits, but shareholders only ever get roughly 800m. In 2021, with net profits of 6 billion, shareholders are only getting 1 billion in dividends.
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Rank: Elder Joined: 12/4/2009 Posts: 10,684 Location: NAIROBI
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deadpoet wrote:Anyone know why this company is so stingy with dividends? It routinely hits 5 billion in profits, but shareholders only ever get roughly 800m. In 2021, with net profits of 6 billion, shareholders are only getting 1 billion in dividends. Ask DTB shareholders Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Member Joined: 3/16/2019 Posts: 313
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Insurer Jubilee buys Coca-Cola office at Sh1.1bnQuote:Jubilee Holdings has bought Coca-Cola East Africa’s former head office in Nairobi’s Upper Hill at a cost of Sh1.1 billion, with the insurer planning to move its headquarters to the property in September. Quote:The property, which sits on 3.2 acres, had been on the market for more than two years. Coca-Cola announced the sale of the property in July 2019 after moving to a new building in Lavington. Land experts, is this price right?
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Rank: Elder Joined: 12/4/2009 Posts: 10,684 Location: NAIROBI
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kmucheke wrote:Insurer Jubilee buys Coca-Cola office at Sh1.1bnQuote:Jubilee Holdings has bought Coca-Cola East Africa’s former head office in Nairobi’s Upper Hill at a cost of Sh1.1 billion, with the insurer planning to move its headquarters to the property in September. Quote:The property, which sits on 3.2 acres, had been on the market for more than two years. Coca-Cola announced the sale of the property in July 2019 after moving to a new building in Lavington. Land experts, is this price right? They are adding one floor and doing renovations,probably this was a bargaining tool for them Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 6/23/2009 Posts: 13,515 Location: nairobi
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Ericsson wrote:kmucheke wrote:Insurer Jubilee buys Coca-Cola office at Sh1.1bnQuote:Jubilee Holdings has bought Coca-Cola East Africa’s former head office in Nairobi’s Upper Hill at a cost of Sh1.1 billion, with the insurer planning to move its headquarters to the property in September. Quote:The property, which sits on 3.2 acres, had been on the market for more than two years. Coca-Cola announced the sale of the property in July 2019 after moving to a new building in Lavington. Land experts, is this price right? They are adding one floor and doing renovations,probably this was a bargaining tool for them I love Jubilee Insurance/Allianz
HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Chief Joined: 1/3/2007 Posts: 18,103 Location: Nairobi
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kmucheke wrote:Insurer Jubilee buys Coca-Cola office at Sh1.1bnQuote:Jubilee Holdings has bought Coca-Cola East Africa’s former head office in Nairobi’s Upper Hill at a cost of Sh1.1 billion, with the insurer planning to move its headquarters to the property in September. Quote:The property, which sits on 3.2 acres, had been on the market for more than two years. Coca-Cola announced the sale of the property in July 2019 after moving to a new building in Lavington. Land experts, is this price right? Respect! I think KenyaRe claimed Upper Hill is 500mn/acre. Assume this is true then JHL got 3.2 acres (1.6bn) in land AND a really nice building with fancy features. They will probably lease the offices in CBD. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Member Joined: 3/16/2019 Posts: 313
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Ericsson wrote:kmucheke wrote:Insurer Jubilee buys Coca-Cola office at Sh1.1bnQuote:Jubilee Holdings has bought Coca-Cola East Africa’s former head office in Nairobi’s Upper Hill at a cost of Sh1.1 billion, with the insurer planning to move its headquarters to the property in September. Quote:The property, which sits on 3.2 acres, had been on the market for more than two years. Coca-Cola announced the sale of the property in July 2019 after moving to a new building in Lavington. Land experts, is this price right? They are adding one floor and doing renovations,probably this was a bargaining tool for them Then JHL must be very good at bargaining, unless there is something else. Wasn't this building declared to be amongst the most "green" buildings?
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Rank: Member Joined: 3/16/2019 Posts: 313
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VituVingiSana wrote:kmucheke wrote:Insurer Jubilee buys Coca-Cola office at Sh1.1bnQuote:Jubilee Holdings has bought Coca-Cola East Africa’s former head office in Nairobi’s Upper Hill at a cost of Sh1.1 billion, with the insurer planning to move its headquarters to the property in September. Quote:The property, which sits on 3.2 acres, had been on the market for more than two years. Coca-Cola announced the sale of the property in July 2019 after moving to a new building in Lavington. Land experts, is this price right? Respect! I think KenyaRe claimed Upper Hill is 500mn/acre. Assume this is true then JHL got 3.2 acres (1.6bn) in land AND a really nice building with fancy features. They will probably lease the offices in CBD. Respect indeed! That building has been touted as being very "green"!
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Rank: Elder Joined: 12/4/2009 Posts: 10,684 Location: NAIROBI
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kmucheke wrote:Ericsson wrote:kmucheke wrote:Insurer Jubilee buys Coca-Cola office at Sh1.1bnQuote:Jubilee Holdings has bought Coca-Cola East Africa’s former head office in Nairobi’s Upper Hill at a cost of Sh1.1 billion, with the insurer planning to move its headquarters to the property in September. Quote:The property, which sits on 3.2 acres, had been on the market for more than two years. Coca-Cola announced the sale of the property in July 2019 after moving to a new building in Lavington. Land experts, is this price right? They are adding one floor and doing renovations,probably this was a bargaining tool for them Then JHL must be very good at bargaining, unless there is something else. Wasn't this building declared to be amongst the most "green" buildings? There is something else that we still don't know. Let's wait for the finer details of the transaction. Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 12/4/2009 Posts: 10,684 Location: NAIROBI
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VituVingiSana wrote:kmucheke wrote:Insurer Jubilee buys Coca-Cola office at Sh1.1bnQuote:Jubilee Holdings has bought Coca-Cola East Africa’s former head office in Nairobi’s Upper Hill at a cost of Sh1.1 billion, with the insurer planning to move its headquarters to the property in September. Quote:The property, which sits on 3.2 acres, had been on the market for more than two years. Coca-Cola announced the sale of the property in July 2019 after moving to a new building in Lavington. Land experts, is this price right? Respect! I think KenyaRe claimed Upper Hill is 500mn/acre. Assume this is true then JHL got 3.2 acres (1.6bn) in land AND a really nice building with fancy features. They will probably lease the offices in CBD. With covid-19 and economic slowdown the price has dropped to around ksh.400mn Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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