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JUB in Cote d'Ivoire, Ghana &/or S. Sudan by Dec 2011
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young
#11 Posted : Wednesday, August 10, 2011 12:56:02 PM
Rank: Elder

Joined: 6/20/2007
Posts: 2,075
Location: Lagos, Nigeria
What is important is to make assurance made doubly sure that the goodies will continue that is :-

Miserly dividend + 1:10 bonus when consolidated is rewarding.

There is always an option to jump ship and position in another counter in that sector if they disappoint due to their investment decisions.

The fact is no foreign oil firm do serious insurance business with any local (African firm), be it here (Nigeria 60 years oil exploration) or Egypt, Angola, Libya, Tunisia and Equatorial Guinea of recent as no local firm has the depth to pay claims (like recent 765 million USD reimbursement to Shell Oil Nigeria fire outbreak Escravos oil field).

The biggest insurance firm in Ghana GSE listed Enterprise Insurance and they corner most of the biz there as it is partially owned by Govt. Insurance biz in Ghana is a closed entity.

Nigerian Banks succeeded in Ghana name them UBA, Zenith Bank, Access bank, Intercontinental Bank,
but their insurance counterparts (AIICO, Cornerstone, Custodian and Allied, IGI) all failed and closed shop in Ghana.
Same IGI bought over NIC Uganda after closing shop in Accra.

Lets hope JUB will do better !!!
I wish I saw their business justification.


I re-state where the floodgates are open for biz in Ghana /CIvoire are Banking, Merchandise (Supermarkets), Cocoa Processing, Building/Metallurgy, Cement Manufacturing, Real Estate Development, Food Processing, Advertising, Health Sector, Transportation etc.
The wazua spirit as members is to educate and inform and learn from others within the limit of what we know in any chosen area irrespective of our differences in tribes, nationalities, etc. .
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youcan'tstopusnow
#12 Posted : Wednesday, August 10, 2011 1:03:50 PM
Rank: Chief

Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
young wrote:
What is important is to make assurance made doubly sure that the goodies will continue that is :-

Miserly dividend + 1:10 bonus when consolidated is rewarding.

There is always an option to jump ship and position in another counter in that sector if they disappoint due to their investment decisions.

The fact is no foreign oil firm do serious insurance business with any local (African firm), be it here (Nigeria 60 years oil exploration) or Egypt, Angola, Libya, Tunisia and Equatorial Guinea of recent as no local firm has the depth to pay claims (like recent 765 million USD reimbursement to Shell Oil Nigeria fire outbreak Escravos oil field).


Seems JUB won't get a piece of the oil business then

But that is not the only sector it can insure. I' sure management know what they are doing. Look at Kenya. No oil and they are doing great!
GOD BLESS YOUR LIFE
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VituVingiSana
#13 Posted : Wednesday, August 10, 2011 2:36:53 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,361
Location: Nairobi
One thing about Jubilee Insurance - They are very good at what they do. The 'new' operations may be a drag for 2-3 years but I am sure they will do OK after that.

The start will be slow. Just an office to start with. A little bit of reinsurance. The Aga Khan firms & connections can help with many firms doing business/financing in W.Africa.

I would not be surprised if JIC bought some operations in W.Africa thus growth by acquisitions...
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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young
#14 Posted : Wednesday, August 10, 2011 4:07:02 PM
Rank: Elder

Joined: 6/20/2007
Posts: 2,075
Location: Lagos, Nigeria
VituVingiSana wrote:
One thing about Jubilee Insurance - They are very good at what they do. The 'new' operations may be a drag for 2-3 years but I am sure they will do OK after that.

The start will be slow. Just an office to start with. A little bit of reinsurance. The Aga Khan firms & connections can help with many firms doing business/financing in W.Africa.

I would not be surprised if JIC bought some operations in W.Africa thus growth by acquisitions...



I wish JUB well, there is always room for a suprise. But 2-3 years plan to learn the ropes makes more sense than Dec 2011 proposal.
The wazua spirit as members is to educate and inform and learn from others within the limit of what we know in any chosen area irrespective of our differences in tribes, nationalities, etc. .
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Aguytrying
#15 Posted : Wednesday, August 10, 2011 8:19:00 PM
Rank: Elder

Joined: 7/11/2010
Posts: 5,040
Gordon Gekko wrote:
guru267 wrote:
Gordon Gekko wrote:
Nice, and it did 167 today. Feels like 150 is possible. BTW got my bonus sms very early today.


so did I smile I was getting very worried about those bonus shares.. Did the dividend also come through??


Called their Shares Department and they said they were sorry for the delay but will release the cash soon (no dates though).

got my jub dividend almost 2 wks ago. The fastest divs i've recieved. Are the bonus shares reflecting in your cds account yet. Being eagerly awaiting mine.
The investor's chief problem - and even his worst enemy - is likely to be himself
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youcan'tstopusnow
#16 Posted : Wednesday, August 10, 2011 8:22:28 PM
Rank: Chief

Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
Aguytrying wrote:
Gordon Gekko wrote:
guru267 wrote:
Gordon Gekko wrote:
Nice, and it did 167 today. Feels like 150 is possible. BTW got my bonus sms very early today.


so did I smile I was getting very worried about those bonus shares.. Did the dividend also come through??


Called their Shares Department and they said they were sorry for the delay but will release the cash soon (no dates though).

got my jub dividend almost 2 wks ago. The fastest divs i've recieved. Are the bonus shares reflecting in your cds account yet. Being eagerly awaiting mine.


If you hold some KK, it will probably be the fastest
GOD BLESS YOUR LIFE
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guru267
#17 Posted : Thursday, August 11, 2011 10:51:51 AM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
young wrote:

I wish JUB well, there is always room for a suprise. But 2-3 years plan to learn the ropes makes more sense than Dec 2011 proposal.


@young
These guys expect to enter 3 new markets per year from 2011 to 2014.. This will bring their regional cover to 14 markets in Africa as it strives to be the number 1 insurer in africa by this time.. They have began with a $40million investment planned for 2011/2012 solely for entry into new markets..

So they will definitely start in 2011.. The first announcement of the specifics of the new markets will be in september/october 2011..
Mark 12:29
Deuteronomy 4:16
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guru267
#18 Posted : Monday, October 10, 2011 12:06:51 PM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi

it is time!!
Laughing out loudly smile Applause
Mark 12:29
Deuteronomy 4:16
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  | | Edit by user: Monday, October 10, 2011 12:08 PM | Reason: Not specified
Aguytrying
#19 Posted : Monday, October 10, 2011 2:47:42 PM
Rank: Elder

Joined: 7/11/2010
Posts: 5,040
guru267 wrote:

it is time!!
Laughing out loudly smile Applause


ah ha? we are listening.
Any update on the fore-mentioned
The investor's chief problem - and even his worst enemy - is likely to be himself
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