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JUBILEE HOLDINGS POSTS 69% RISE IN PROFIT

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Wa_ithaka		#41 Posted : Wednesday, August 18, 2010 11:42:13 AM
Rank: Veteran Joined: 1/7/2010 Posts: 1,279 Location: nbi		Minimum capital requirement is 500m for composite insurers like Jubilee The Governor of Nyeri - 2017
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guru267		#42 Posted : Wednesday, August 18, 2010 11:55:29 AM
Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi		Wa_ithaka wrote: Minimum capital requirement is 500m for composite insurers like Jubilee Jubilee has more than the minimum and i have a feeling it will buy out some of the companies that fail to meet this Mark 12:29 Deuteronomy 4:16
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Horton		#43 Posted : Wednesday, August 18, 2010 5:55:56 PM
Rank: Veteran Joined: 8/30/2007 Posts: 1,558 Location: Nairobi		Sent jub an email to do with this and they replied. They say their capital is at 700 m, way above the 450m required. Hmmmm.....
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Horton		#44 Posted : Wednesday, August 18, 2010 6:24:24 PM
Rank: Veteran Joined: 8/30/2007 Posts: 1,558 Location: Nairobi		Also understand from their reply(boy these people are efficient), that the listed company is Jubilee Holdings limited, a parent of jubilee insurance company. Jubilee holdings has a paid up of 250M(or thereabouts) while jubilee insurance has a paid up of 700mn, which satisfies the requirement of 450mn adequately. Btw, they also say that the deadline was 15th July. So not sure why CIC is raising molar, coz it clearly ain't for statutory compliance
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PKoli		#45 Posted : Wednesday, August 18, 2010 6:39:49 PM
Rank: Elder Joined: 2/10/2007 Posts: 1,587		Horton wrote: Also understand from their reply(boy these people are efficient), that the listed company is Jubilee Holdings limited, a parent of jubilee insurance company. Jubilee holdings has a paid up of 250M(or thereabouts) while jubilee insurance has a paid up of 700mn, which satisfies the requirement of 450mn adequately. Btw, they also say that the deadline was 15th July. So not sure why CIC is raising molar, coz it clearly ain't for statutory compliance Could they be eyeing an acquisition? It is possible a number of insurance companies will not meet the statutory compliance and so opt to be bought. May be things will be a little clearer during the EGM or before when they send to members some notes on the EGM
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Horton		#46 Posted : Wednesday, August 18, 2010 6:59:06 PM
Rank: Veteran Joined: 8/30/2007 Posts: 1,558 Location: Nairobi		PKoli wrote: Horton wrote: Also understand from their reply(boy these people are efficient), that the listed company is Jubilee Holdings limited, a parent of jubilee insurance company. Jubilee holdings has a paid up of 250M(or thereabouts) while jubilee insurance has a paid up of 700mn, which satisfies the requirement of 450mn adequately. Btw, they also say that the deadline was 15th July. So not sure why CIC is raising molar, coz it clearly ain't for statutory compliance Could they be eyeing an acquisition? It is possible a number of insurance companies will not meet the statutory compliance and so opt to be bought. May be things will be a little clearer during the EGM or before when they send to members some notes on the EGM Hmmm....interesting. What's their pe? U know anyone selling?
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youcan'tstopusnow		#47 Posted : Wednesday, August 18, 2010 7:11:43 PM
Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa		PKoli, how were their results last year? Give us a breakdown please GOD BLESS YOUR LIFE
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Horton		#48 Posted : Thursday, August 19, 2010 12:20:23 AM
Rank: Veteran Joined: 8/30/2007 Posts: 1,558 Location: Nairobi		YCSUN. google cic's website. It's got all the info u'd require and the some!
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youcan'tstopusnow		#49 Posted : Thursday, August 19, 2010 6:41:01 AM
Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa		Horton, thanks GOD BLESS YOUR LIFE
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Horton		#50 Posted : Friday, August 20, 2010 11:49:23 AM
Rank: Veteran Joined: 8/30/2007 Posts: 1,558 Location: Nairobi		Look at this stock! Slowly but surely rising to it's correct value. Anyone else(apart from g267) following?
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