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JUBILEE HOLDINGS... a real diamond..
guru267
#1 Posted : Wednesday, May 25, 2011 1:45:25 PM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
Hello good people.. I thought I would share some thoughts on jubileee holdings..
10 year performance
1. Total assets: up 490%
2. EPS growth: up 2,250%
3. NAV: up 215%
4. Share price appreciation: up 1200%

I recomend it as buy basing on their current expansion plan into africa and their current sustainable income..

It being jubilees 75th year I expect shareholder goodies come year end.

The current low valuations on the stock are irrational and are due to mispricing of the share as a result of low liquidity and its unaffordability on the market...

These market inefficiencies can be corrected by management and this will see an unlocking of shareholder value..

This is a share that everyone ought to have in their portfolio...

Too bad it goes ex all as of tomorrow
Mark 12:29
Deuteronomy 4:16
Gordon Gekko
#2 Posted : Wednesday, May 25, 2011 1:53:44 PM
Rank: Elder

Joined: 5/27/2008
Posts: 3,760
So we see you at the AGM tomorrow? The ex all price should be 193, I hope to pick up a few more at 190 after tomorrow from the pickings made when I offloaded Sasini. It is truly a gem, I just can't predict what it will be in Feb next year, but certainly better than the current 215 cum price.
the deal
#3 Posted : Wednesday, May 25, 2011 2:02:10 PM
Rank: Elder

Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
I think JUB has reached it's peak...mSimon where u at? i need to offload and get into Uchumi and EQty....LMAO.
Impunity
#4 Posted : Wednesday, May 25, 2011 2:21:34 PM
Rank: Elder

Joined: 3/2/2009
Posts: 26,331
Location: Masada
Need to sell half of my Safcon to get enough cash to buy this Gem.
Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.

guru267
#5 Posted : Wednesday, May 25, 2011 2:25:58 PM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
the deal wrote:
I think JUB has reached it's peak...mSimon where u at? i need to offload and get into Uchumi and EQty....LMAO.

How could a company that is planning to enter 3 new markets per year for the next three years have reached its peak??? Liar

@the deal the underwriting profit growth of 500 million a growth of 28% and one of the highest in the industry is not reflected in the income statment..
The claims were inflated as payments to pensions but I have a strong feeling this was manipulated to cushion against bad years and prevent the stating of unsustainable profits...

Contrary to the thoughts of @msimon and the rest their insurance business is booming more than ever with all segments including general, life, and medical insurance all reported robust growth of higher than 20%...
Mark 12:29
Deuteronomy 4:16
The Merchant
#6 Posted : Wednesday, May 25, 2011 2:28:52 PM
Rank: Veteran

Joined: 5/24/2010
Posts: 846
Location: KENYA
the deal wrote:
I think JUB has reached it's peak...mSimon where u at? i need to offload and get into Uchumi and EQty....LMAO.

Peak? In an economy/region with such little insurance penetration?Shame on you Shame on you uh uh, I don't think so. Unless the mmanagement go into hibernation...
the deal
#7 Posted : Wednesday, May 25, 2011 2:48:43 PM
Rank: Elder

Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
@Guru in 2010 even the worst insurance firm doubled it's profits because of the NSE which was up 36%, that shall not be repeated this year.
VituVingiSana
#8 Posted : Wednesday, May 25, 2011 2:54:19 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,356
Location: Nairobi
Will it fall like DTBK after the AGM/dividend?
I hope so coz then I can get in. Cheap!
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
VituVingiSana
#9 Posted : Wednesday, May 25, 2011 2:56:18 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,356
Location: Nairobi
the deal wrote:
I think JUB has reached it's peak...mSimon where u at? i need to offload and get into Uchumi and EQty....LMAO.

No comment on price but for profit growth, Jubilee has just started. New markets coming up...
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
guru267
#10 Posted : Wednesday, May 25, 2011 3:28:22 PM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
the deal wrote:
@Guru in 2010 even the worst insurance firm doubled it's profits because of the NSE which was up 36%, that shall not be repeated this year.


@ the deal I thought you had done your research...

UNDERWRITING PROFITS have nothing to do with the NSE but rather it is profit gained from insurance business of collecting premiums and paying claims not trading stocks..
In 2010 jubilees underwriting profit was 533 million and one of the best in the industry...
Mark 12:29
Deuteronomy 4:16
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