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JUBILEE HOLDINGS POSTS 69% RISE IN PROFIT
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youcan'tstopusnow
#31 Posted : Tuesday, August 17, 2010 3:34:01 PM
Rank: Chief

Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
guru, what were you worried about? Investors seem to be responding well to the brilliant results. People are getting on board. Don't worry about dividends
GOD BLESS YOUR LIFE
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PKoli
#32 Posted : Tuesday, August 17, 2010 4:31:47 PM
Rank: Elder

Joined: 2/10/2007
Posts: 1,587
Horton wrote:
BTW, does anyone know when deadline for the banks/insurance companies is for the paid up capital top up? ie the 1BN for banks and 500m for consolidated insurance companies?

Coz (again with my JUB sales pitch, im sorry chaps) Its got paid up of 50Mn * 5Bob=250Mn. Its gotta raise that by another 250Mn. Easiest way for a company with JUBs Bal sheet. Bonus 1:1 and hey presto....


It must be close since CiC announced in today's dailies EGM to incease paid up capital.
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KIRTI
#33 Posted : Tuesday, August 17, 2010 5:52:34 PM
Rank: Member

Joined: 8/17/2010
Posts: 116
For Bank Minimum core capital required 700m as on 31.12.2011 & 1000m as on 31.12.2012. Core capital means permenant sharholders equity in the form of issued and fully paid up shares of common stock.
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qw25041985
#34 Posted : Tuesday, August 17, 2010 6:12:22 PM
Rank: User

Joined: 5/9/2010
Posts: 1,418
Location: Nai
@kirti. Welcome.
Your future depends on your dreams so go to sleep !
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PKoli
#35 Posted : Tuesday, August 17, 2010 6:25:01 PM
Rank: Elder

Joined: 2/10/2007
Posts: 1,587
KIRTI wrote:
For Bank Minimum core capital required 700m as on 31.12.2011 & 1000m as on 31.12.2012. Core capital means permenant sharholders equity in the form of issued and fully paid up shares of common stock.


Welcome, Kirti. There is talk that minimum core capital for the insurance companies too will go up higher than what had been initially set
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Horton
#36 Posted : Tuesday, August 17, 2010 6:29:29 PM
Rank: Veteran

Joined: 8/30/2007
Posts: 1,558
Location: Nairobi
PKoli wrote:
KIRTI wrote:
For Bank Minimum core capital required 700m as on 31.12.2011 & 1000m as on 31.12.2012. Core capital means permenant sharholders equity in the form of issued and fully paid up shares of common stock.


Welcome, Kirti. There is talk that minimum core capital for the insurance companies too will go up higher than what had been initially set


500mn....for consolidated insurers...cant seem to find the date though
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PKoli
#37 Posted : Tuesday, August 17, 2010 6:32:32 PM
Rank: Elder

Joined: 2/10/2007
Posts: 1,587
Horton wrote:
PKoli wrote:
KIRTI wrote:
For Bank Minimum core capital required 700m as on 31.12.2011 & 1000m as on 31.12.2012. Core capital means permenant sharholders equity in the form of issued and fully paid up shares of common stock.


Welcome, Kirti. There is talk that minimum core capital for the insurance companies too will go up higher than what had been initially set


500mn....for consolidated insurers...cant seem to find the date though


There is talk that it is likely to go up to 1B. So insurance firms will have to merge or be bought
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Horton
#38 Posted : Tuesday, August 17, 2010 6:41:08 PM
Rank: Veteran

Joined: 8/30/2007
Posts: 1,558
Location: Nairobi
Ermm...think i was wrong earlier, deadline has already lapsed.

http://www.butterfly.co....2/-/iucbp5/-/index.html
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guru267
#39 Posted : Wednesday, August 18, 2010 8:57:33 AM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
youcan'tstopusnow wrote:
guru, what were you worried about? Investors seem to be responding well to the brilliant results. People are getting on board. Don't worry about dividends

I hope it doesn't disappoint... I've placed a huge bet on this counter and up only 18%
Mark 12:29
Deuteronomy 4:16
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VituVingiSana
#40 Posted : Wednesday, August 18, 2010 11:20:10 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,349
Location: Nairobi
Jubilee already has 1bn+ as its Shareholder Funds... It's a simple matter to convert Revenue Reserves to 'Ordinary Share Capital' if needed though I see not reason for that...

I think folks are reading it wrong... The minimum amount is probably a risk-adjusted Share Capital + Non-distributable Reserves + 'Blocked' Revenue Reserves...
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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