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Jubilee Insurance a buy @ 190?
Rank: Elder Joined: 2/10/2007 Posts: 1,587
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VituVingiSana wrote:@thedeal - Please read the Report & report back to @pkoli & me...
If you still cannot figure out where you went wrong... I am sure if you buy a crate of the really good stuff... we can show you... Today sounds an appropriate day for the staff. The deal can either buy the staff from Namibia or get us some Malt
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Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery
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PKoli wrote:VituVingiSana wrote:@thedeal - Please read the Report & report back to @pkoli & me...
If you still cannot figure out where you went wrong... I am sure if you buy a crate of the really good stuff... we can show you... Today sounds an appropriate day for the staff. The deal can either buy the staff from Namibia or get us some Malt  will i not be bored hanging out with men twice my age...now only if @qw never preferred Orange juice over the holy water called Tusker/Windhoek lager...
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Rank: Veteran Joined: 7/24/2008 Posts: 781
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qw's fav recreational drink is fanta bamboocha! The utimate goal of investing is to buy low sell high;if we re-write this core equation in psychology terms it becomes buy fear sell greed.
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Rank: Chief Joined: 1/3/2007 Posts: 18,221 Location: Nairobi
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the deal wrote:PKoli wrote:VituVingiSana wrote:@thedeal - Please read the Report & report back to @pkoli & me...
If you still cannot figure out where you went wrong... I am sure if you buy a crate of the really good stuff... we can show you... Today sounds an appropriate day for the staff. The deal can either buy the staff from Namibia or get us some Malt will i not be bored hanging out with men twice my age...now only if @qw never preferred Orange juice over the holy water called Tusker/Windhoek lager... Well, truth be told... once you buy us the Waters of Ruaraka... you can sidle away wherever you want... [AFTER you pay for the WoR] Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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I managed to get in at 197, missed the DTK train and this was my next best bet after i also missed the NIC bus. DAMNIT The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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@ Madam Guru. I studied the half yr results 2010, and compared them with 2009 half yr. I noticed that 2009 half yr PAT 274M, This yr PAT 435M. End yr 2009 PAT 913M. meaning they made like 600M in the second half 2009. My question is, Is this maybe how insurance business is with claim settlement at the end of the year? If not why the large difference between H1 and H2 2009. The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
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Aguytrying wrote:@ Madam Guru. I studied the half yr results 2010, and compared them with 2009 half yr. I noticed that 2009 half yr PAT 274M, This yr PAT 435M. End yr 2009 PAT 913M. meaning they made like 600M in the second half 2009.
My question is, Is this maybe how insurance business is with claim settlement at the end of the year? If not why the large difference between H1 and H2 2009.
@Aguytrying this happens every year with Jubilee... the H1 is never consistent with the FY results so with this years H1 EPS at 8.02 expect serious wonders at the FY Mark 12:29
Deuteronomy 4:16
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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guru267 wrote:Aguytrying wrote:@ Madam Guru. I studied the half yr results 2010, and compared them with 2009 half yr. I noticed that 2009 half yr PAT 274M, This yr PAT 435M. End yr 2009 PAT 913M. meaning they made like 600M in the second half 2009.
My question is, Is this maybe how insurance business is with claim settlement at the end of the year? If not why the large difference between H1 and H2 2009.
@Aguytrying this happens every year with Jubilee... the H1 is never consistent with the FY results so with this years H1 EPS at 8.02 expect serious wonders at the FY Great stuff The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery
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Aguytrying wrote:guru267 wrote:Aguytrying wrote:@ Madam Guru. I studied the half yr results 2010, and compared them with 2009 half yr. I noticed that 2009 half yr PAT 274M, This yr PAT 435M. End yr 2009 PAT 913M. meaning they made like 600M in the second half 2009.
My question is, Is this maybe how insurance business is with claim settlement at the end of the year? If not why the large difference between H1 and H2 2009.
@Aguytrying this happens every year with Jubilee... the H1 is never consistent with the FY results so with this years H1 EPS at 8.02 expect serious wonders at the FY Great stuff @Agu Jubilee holdings...is made up of the insurance arm thats Jubilee insurance,then there's financial services arm...then the numerous associates such as farmers choice...IPS...Property mansgement(Nation centre)...etc...the associates dont report half year results....so the 1H results is mostly insurance...
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Rank: Elder Joined: 2/10/2007 Posts: 1,587
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Aguytrying wrote:I managed to get in at 197, missed the DTK train and this was my next best bet after i also missed the NIC bus. DAMNIT
What time horizon are you looking at? I am sure if you got DTB at 120, you will not regeret. I also advice you to get into CFC before it hits KES 100
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Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery
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I'm finally now a Jubilee shareholder even though i had to bid thru the roof to get the shares but i'm glad i got them below 200 bob...200 bob is the key resistance...once we break it 250 bob will be another resistance with 200 bob turning out to be the support...
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Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
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the deal wrote:I'm finally now a Jubilee shareholder even though i had to bid thru the roof to get the shares but i'm glad i got them below 200 bob...200 bob is the key resistance...once we break it 250 bob will be another resistance with 200 bob turning out to be the support... @the deal welcome to the club... its seems you're following me everywhere i go first safcom, mumias, unga, now JHL... But you should've entered at around 160 as opposed to 200 because at 200 there is a huge dividend risk that the directors do not seem to care about.... Infact this dividend risk is what has kept this stock from unlocking its true value... if they paid a 100% dividends this stock is supposed to be over 450bob but anyway i'll stay patient Mark 12:29
Deuteronomy 4:16
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Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery
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guru267 wrote:the deal wrote:I'm finally now a Jubilee shareholder even though i had to bid thru the roof to get the shares but i'm glad i got them below 200 bob...200 bob is the key resistance...once we break it 250 bob will be another resistance with 200 bob turning out to be the support... @the deal welcome to the club... its seems you're following me everywhere i go first safcom, mumias, unga, now JHL... But you should've entered at around 160 as opposed to 200 because at 200 there is a huge dividend risk that the directors do not seem to care about.... Infact this dividend risk is what has kept this stock from unlocking its true value... if they paid a 100% dividends this stock is supposed to be over 450bob but anyway i'll stay patient I have a 2-3 year horizon on JHL...getting the shares was a hassle this week one had to be aggresive with the bid....
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Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
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I was looking at KPLC's annual report and found out that Jubilee owns 2% of the company.. Mark 12:29
Deuteronomy 4:16
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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PKoli wrote:Aguytrying wrote:I managed to get in at 197, missed the DTK train and this was my next best bet after i also missed the NIC bus. DAMNIT
What time horizon are you looking at? I am sure if you got DTB at 120, you will not regeret. I also advice you to get into CFC before it hits KES 100 6 months to run up to end yr results. I tried getting DTB at 120, 122 but just couldn't. In the 115-119 range i thought it would go down or stabilise, how wrong was i. Missed the boat. My cash is locked up in kq. So cant get into cfc either. thanks. The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Veteran Joined: 8/11/2010 Posts: 1,011 Location: nairobi
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the deal wrote:I'm finally now a Jubilee shareholder even though i had to bid thru the roof to get the shares but i'm glad i got them below 200 bob...200 bob is the key resistance...once we break it 250 bob will be another resistance with 200 bob turning out to be the support... i hope you bought some few, price now back to 192
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Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery
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bartum wrote:the deal wrote:I'm finally now a Jubilee shareholder even though i had to bid thru the roof to get the shares but i'm glad i got them below 200 bob...200 bob is the key resistance...once we break it 250 bob will be another resistance with 200 bob turning out to be the support... i hope you bought some few, price now back to 192 Ag that's nothing i'm going long term on JHL day to day price fluctuations don't bother me...only after 1 year and the damn thing hasn't cracked 200 bob that's when i will sweat..
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Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
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bartum wrote:the deal wrote:I'm finally now a Jubilee shareholder even though i had to bid thru the roof to get the shares but i'm glad i got them below 200 bob...200 bob is the key resistance...once we break it 250 bob will be another resistance with 200 bob turning out to be the support... i hope you bought some few, price now back to 192 don't you realize its back at 192 because akina @the deal were bidding up the price to 199??? 190-199 will be the price range until we here something good or bad from the company Mark 12:29
Deuteronomy 4:16
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Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
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guru, don't you find this share too illiquid? Thus posing a problem during your exit? GOD BLESS YOUR LIFE
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Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
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youcan'tstopusnow wrote:guru, don't you find this share too illiquid? Thus posing a problem during your exit? yeah i know... But if I have a large holding of an illiquid stock I usually am in for the long term... But if I do have to sell/dump the shares i do it slowly by slowly so as not affect the price and sometimes I drive down the price to encourage the demand... Its the same thing I do when getting into an Illiquid stock.. I simply bid up the price to encourage supply to come in... By the way have you seen KCB results??? @mkonomtupu just posted them on the bank Q3 thread Mark 12:29
Deuteronomy 4:16
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Jubilee Insurance a buy @ 190?
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