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Jubilee is KING!!
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guru267
#51 Posted : Tuesday, July 10, 2012 3:26:18 AM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
PKoli wrote:
VituVingiSana wrote:
Jubilee is the King of the Hill


The potential not yet realized. I wonder whether it is due to its low dividend payout.


Low dividends (3.2% yield) & a relatively High Price/book ratio (1.5 times) ...
Mark 12:29
Deuteronomy 4:16
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Horton
#52 Posted : Tuesday, July 10, 2012 9:51:03 AM
Rank: Veteran

Joined: 8/30/2007
Posts: 1,558
Location: Nairobi
Ok company .....poor industry. Guess who comes out trumps??

Sorry guru,VVS et al but insurance industry in Kenya sucks. No where else on the world is insurance on a car worked out on its value vs the damage it can do. How else would u explain my Toyota e90s With no abs braking, banger and sometimes lent to my 18yr old reckless Cuzo borrowing it from time to time. Compare in the west where drivers under 24 pay so much more premiums, also the state of the car matters. But in Kenya not so its a flat fee depending on value of the car.

Does no one here care about combined ratios?!
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the deal
#53 Posted : Tuesday, July 10, 2012 10:32:20 AM
Rank: Elder

Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
This a better article on JHL, it emphasises the fact that one invests in Jub because of the way management uses float generated from its loss making insurance business to diversify its investment revenue streams ala the Warren Buffet style

Link http://www.contrarianinv...nlock-shareholder-value
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Hi-Teck
#54 Posted : Tuesday, July 10, 2012 11:59:10 AM
Rank: Hello

Joined: 6/12/2012
Posts: 8
What would be the best price to bid for someone wanting to buy Jubilee now.
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PKoli
#55 Posted : Tuesday, July 10, 2012 12:02:43 PM
Rank: Elder

Joined: 2/10/2007
Posts: 1,587
Hi-Teck wrote:
What would be the best price to bid for someone wanting to buy Jubilee now.


At nelly, the highest bidder is at 166, no sellers. You may want to jump the queue by bidding at 167.
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mwekez@ji
#56 Posted : Wednesday, July 11, 2012 9:20:50 AM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
Horton wrote:
Ok company .....poor industry. Guess who comes out trumps??

Sorry guru,VVS et al but insurance industry in Kenya sucks. No where else on the world is insurance on a car worked out on its value vs the damage it can do. How else would u explain my Toyota e90s With no abs braking, banger and sometimes lent to my 18yr old reckless Cuzo borrowing it from time to time. Compare in the west where drivers under 24 pay so much more premiums, also the state of the car matters. But in Kenya not so its a flat fee depending on value of the car.

Does no one here care about combined ratios?!


@Horton, You need to check Jubilees financials

General insurance, which including insuring motor vehicles that you are referring to above, accounted for 78% of the net insurance premium revenue so it is the main insurance segment of Jubilee. It achieved a combined ratio of 88.6%, which is an outstanding performance. It contributed KES 1.3B to PBT
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mwekez@ji
#57 Posted : Wednesday, July 11, 2012 9:36:35 AM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
the deal wrote:
This a better article on JHL, it emphasises the fact that one invests in Jub because of the way management uses float generated from its loss making insurance business to diversify its investment revenue streams ala the Warren Buffet style

Link http://www.contrarianinvestingk...nlock-shareholder-value


@the deal, Jubilee, the largest insurer in EAST AFRICA achieved an impressive 14% increase in underwriting PROFITS to KES 540 million in 2011 from KES 476 million in 2010. It also made good use of the float to achieve PROFIT Before Tax of KES 2.1B smile You certainly need to correct your numbers
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  | | Edit by user: Wednesday, July 11, 2012 9:37 AM | Reason: Not specified
mwekez@ji
#58 Posted : Wednesday, July 11, 2012 9:39:59 AM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
VituVingiSana wrote:
Jubilee is the King of the Hill
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the deal
#59 Posted : Wednesday, July 11, 2012 9:55:49 AM
Rank: Elder

Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
mwekez@ji wrote:
the deal wrote:
This a better article on JHL, it emphasises the fact that one invests in Jub because of the way management uses float generated from its loss making insurance business to diversify its investment revenue streams ala the Warren Buffet style

Link http://www.contrarianinvestingk...nlock-shareholder-value


@the deal, Jubilee, the largest insurer in EAST AFRICA achieved an impressive 14% increase in underwriting PROFITS to KES 540 million in 2011 from KES 476 million in 2010. It also made good use of the float to achieve PROFIT Before Tax of KES 2.1B smile You certainly need to correct your numbers

My friend Google underwriting profit...if you don't know what it is!! The only insurance company making an underwriting profit in Kenya is CIC.
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mwekez@ji
#60 Posted : Wednesday, July 11, 2012 10:02:37 AM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
the deal wrote:
mwekez@ji wrote:
the deal wrote:
This a better article on JHL, it emphasises the fact that one invests in Jub because of the way management uses float generated from its loss making insurance business to diversify its investment revenue streams ala the Warren Buffet style

Link http://www.contrarianinvestingk...nlock-shareholder-value


@the deal, Jubilee, the largest insurer in EAST AFRICA achieved an impressive 14% increase in underwriting PROFITS to KES 540 million in 2011 from KES 476 million in 2010. It also made good use of the float to achieve PROFIT Before Tax of KES 2.1B smile You certainly need to correct your numbers

My friend Google underwriting profit...if you don't know what it is!! The only insurance company making an underwriting profit in Kenya is CIC.


Mate, we are discussing from an informed point. Dig into Jubilees financials and show us the loss. The PROFT is all there in black and white
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