Jubilee sold over 1.7 billion of quoted company shares because they fear the political climate may start pouring in torrents. They did not intend to give the cash to shareholders cauze they intend to reinvent the same in shares that will come down clashing due to the political upheavals likely to be seen this yr and next year. This is a no brainer. Today, the share has no takers. Bids are at 100. Let the share deflate. At least, BBK was descent enough to give a fat dividend from sale proceeds.

What wrong with this market gaining By 20% and then dropping by 21% within a span of two days.

Sure, kindly get your facts right. To begin with Jubilee's bids are not at 100. It can't go down by more than 10% from yesterday's price. And I am a bidder today, so I should know.

Secondly, Jubilee is not just an insurance company. It is a holdings group which has extensive investments over and above its insurance business. I daresay, insurance is not the most critical business within the holdings company even though it is the most talked about.

As an investments holding company, JHL buys and sells shares (amongst other investments e.g. Govt bonds) in the normal course of business. So they sold 1.7 billion shares last year. Big deal! You should also mention that they bought approx 1.2 billion worth of shares. I am actually happy that they sold more than they bought and they have got quite a hefty amount in Govt paper. That means they are well positioned to dip into the market at lower prices.

And you should not be comparing Jubilee with BBK. They are in different lines of business.

Pole sana! But I think there were enough admonitions on Wazua not to chase the counter. As a matter of practice, you should not do this on any results announcement unless you are so certain of yourself. Kindly take this as a lesson learnt.

Personally, I was ready to sell of part of my holding at the right price (and possibly re-enter at a lower price). However, it did not get there, so I continue to hold. I speculate but Jubilee is one of those shares I would be loathe to sell and then be unable to buy back.

I actually think the price of 220 undervalues the share but since folks are willing to sell at 200, that's what I will offer them and if they drop their asks, so will my bids drop.

So relax Jubilee will make you money (if you are patient), but not necessarily in the short run.

@Mwanahisa a lot lies are being peddled about JUB i tend to ignore such kind of utterances, i'm a buyer at 200 bob...gross-expenses=net, net-net=? and u are right JUB is not only insurance, they have investments ranging from energy, property even to Agric i.e Farmers Choice why not talk about such.