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Jubilee Insurance 1H 2011 EPS up 19%, Interim Dividend Sh1
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Aguytrying
#11 Posted : Wednesday, August 03, 2011 7:03:52 PM
Rank: Elder

Joined: 7/11/2010
Posts: 5,040
the deal wrote:
With Jub you don't read much into their 1H results...but the jury is out on this one...they have a mountain to climb if theyre to match last years perfomance since they sold most of their stocks in the 2H...2/3 Aga Khan firms have reported...time for my fovourite TPS to report...the only tourism pure play at the NSE...


NMG, JUBILEE, TPS SERENA. thats 3. there is also Diamond trust bank. so thats 4. Astonishing results from jub, head and shoulders above the other insuarance firms. Im just really impressed by this.
The investor's chief problem - and even his worst enemy - is likely to be himself
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Aguytrying
#12 Posted : Wednesday, August 03, 2011 7:06:43 PM
Rank: Elder

Joined: 7/11/2010
Posts: 5,040
How did their investment income grow 36% in this market??????????????
The investor's chief problem - and even his worst enemy - is likely to be himself
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Cde Monomotapa
#13 Posted : Wednesday, August 03, 2011 7:19:45 PM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
Thought Guru would be the originator of this thread Laughing out loudly Laughing out loudly. Anyhu, kazi iendelee!!
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Cde Monomotapa
#14 Posted : Wednesday, August 03, 2011 7:27:58 PM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
Wow..this Co has recorded solid growth in the key metrics and a sterling under writing profit (rare @ other Ins.Co). Kudos to the share-holders & enjoy.
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Aguytrying
#15 Posted : Wednesday, August 03, 2011 7:35:38 PM
Rank: Elder

Joined: 7/11/2010
Posts: 5,040
Cde Monomotapa wrote:
Wow..this Co has recorded solid growth in the key metrics and a sterling under writing profit (rare @ other Ins.Co). Kudos to the share-holders & enjoy.


We will. Now its clear why its such a stable stock, even when things are thick.
The investor's chief problem - and even his worst enemy - is likely to be himself
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Cde Monomotapa
#16 Posted : Wednesday, August 03, 2011 7:47:35 PM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
Aguytrying wrote:
Cde Monomotapa wrote:
Wow..this Co has recorded solid growth in the key metrics and a sterling under writing profit (rare @ other Ins.Co). Kudos to the share-holders & enjoy.


We will. Now its clear why its such a stable stock, even when things are thick.

No doubt...
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the deal
#17 Posted : Wednesday, August 03, 2011 9:03:56 PM
Rank: Elder

Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
Anybody seen the results? PDF link welcome...a 19% increase in EPS is not stellar I have to agree with @impunity on that one...@Aguy investment income does not necessarilly mean NSE...it includes income from subsidiaries and rental income.
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Gordon Gekko
#18 Posted : Thursday, August 04, 2011 9:48:54 AM
Rank: Elder

Joined: 5/27/2008
Posts: 3,760
the deal wrote:
Anybody seen the results? PDF link welcome...a 19% increase in EPS is not stellar I have to agree with @impunity on that one...@Aguy investment income does not necessarilly mean NSE...it includes income from subsidiaries and rental income.


Todays' papers. Sell your stake if not impressed, I have an order at sub 170.
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the deal
#19 Posted : Thursday, August 04, 2011 11:08:36 AM
Rank: Elder

Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
Jubilee is using accounting magic to hide the fact that Profits were down...look at comprehensive income...no wonder they didnt increase their dividends...
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VituVingiSana
#20 Posted : Thursday, August 04, 2011 11:31:03 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,361
Location: Nairobi
the deal wrote:
Jubilee is using accounting magic to hide the fact that Profits were down...look at comprehensive income...no wonder they didnt increase their dividends...

Sigh, you need to a little more reading... I advise you grab a book that discusses IFRS accounting as relates to insurance firms.

Comprehensive Income includes 'gains/losses' that are not Operational in nature though do form part of the 'Income' of the firm.

In the past such data was captured in the Shareholders' Equity section.

Agricultural firms have "Biological Assets" which are not equal to cash which is why Williamson specifies 90/- EPS is not cash EPS (or from operations)

As is Insurance firms are notoriously difficult to value thus I rely on trust of Management.

I do not trust Kenya Re but I trust Jubilee. Of course, never pay too much for a good thing either nevertheless Jubilee is the BEST listed insurer in East & Central Africa!
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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