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Jubilee Holdings results FY2010 profit jumps 84 pct
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the deal
#121 Posted : Saturday, June 04, 2011 11:45:14 AM
Rank: Elder

Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
@investor read what i have written above...be wise...that blog tells you nothing...i have repeated myself twice...yes i will in the near future and Jub will still be no 1 probably followed by CIC. I rest my case.
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QW25071985
#122 Posted : Saturday, June 04, 2011 11:48:58 AM
Rank: Veteran

Joined: 3/25/2011
Posts: 946
@investor . stop making a fool of yourself here. Yani u can pick up info on a blog and run with it to your broker to buy shares ?????Thats dangerous.The best such info shld do is to get you thinking for yourself..
in fx its even worse.Guys have soooooo many opinions on where the price shld head to but i dnt take it. i do my own research and take my stand.If i fail i learn from my mistake and do it again
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QW25071985
#123 Posted : Saturday, June 04, 2011 12:01:59 PM
Rank: Veteran

Joined: 3/25/2011
Posts: 946
On a lighter note anybody ever heard of a Breastaurant ????

check link : http://www.urbandictiona...e.php?term=breastaurant

its all the rage in US
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invest0r
#124 Posted : Saturday, June 04, 2011 12:06:59 PM
Rank: Member

Joined: 12/15/2010
Posts: 162
@the deal, i consider a load of things when investing in a stock, like any wise investor would do. I would never base my investment decisions on information contained in a blog. I do my research intensively and thoroughly. My discussion with @guru267 was only in one, only one, item in the Jubilee books.

@QW25071985, EVERYBODY KNOWS YOU ARE ALWAYS THE FOOL IN THIS FORUM OF WAZUA. YOU CANNOT PULL ME TO ARGUE WITH YOU.

I lay to rest this case.
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guru267
#125 Posted : Saturday, June 04, 2011 12:58:51 PM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
invest0r wrote:
@guru267, read my concluding remarks properly. To make it clear to you, the chairman’s statement contradicts the auditors report and so it’s prudent to go with the independent auditor’s report that is certified as true and accepted by NSE and CMA.

And note that I have not related the blog and the chairman’s statement in any way.

@investor the problem here is that you and some other wazuans are of the opinion that underwriting profits are always calculated by subtracting net claims and benefits from net premiums.. You and the others have a very long way to go in accounting...

By the way I didnt locate where the auditors talked about jubilees undewriting loss which is contrary to the chairmans statement as you so accuse.. Kindly post the link so that we can close the matter.. Thanx
Mark 12:29
Deuteronomy 4:16
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holycow
#126 Posted : Saturday, June 04, 2011 1:37:33 PM
Rank: Veteran

Joined: 11/11/2006
Posts: 972
Location: Home
Eish,Eh? guess insurance/actuarial science is not my cup of tea judging by this thread and the Britak one.
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youcan'tstopusnow
#127 Posted : Saturday, June 04, 2011 7:05:25 PM
Rank: Chief

Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
deal, sorry to say this, but its hard to take you serious nowadays. You shift goalposts every so often! You are exhibiting qw-like beahviour. Perhaps qw syndrome?
Mara, Britak is the shit, mara its not
Mara banks will not make you money, mara they will.
Mara Jublee is Gold, mara its trash, now its gold again
Be consistent ama you'll end up being YBC a.k.a Yawe a.k.a Capital Markets Geek
It is clear that even if Jubilee made 500 million in underwriting profit, it is not the best in the industry as is being shouted from the rooftops
invest0r's beef is that Financial Reports are supposed to reflect utmost good faith. If claims are being "inflated" how are people supposed to accurately analyse a business?
And we all know that Chairmen lie. All the time in fact. Just to give the investing public a brighter picture.
When AK reported reduced profits last time, they said next year will be better. Does anyone remember what happened when they announced their next set of results?

GOD BLESS YOUR LIFE
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  | | Edit by user: Saturday, June 04, 2011 7:08 PM | Reason: Not specified
youcan'tstopusnow
#128 Posted : Saturday, June 04, 2011 7:06:55 PM
Rank: Chief

Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
News just in, Eveready says that it inflated its expenses this year and that is why they made a loss
GOD BLESS YOUR LIFE
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the deal
#129 Posted : Saturday, June 04, 2011 7:24:17 PM
Rank: Elder

Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
@YCSUN analysing an Insurance firm is no walk in the park...somebody showed me the ropes...so i had to update my info...i standby Jub...i stand by my word on Britak...i even pulled the Britak post from my blog to avoid misleading folks...on banks i only have Eqty Bank...
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youcan'tstopusnow
#130 Posted : Saturday, June 04, 2011 7:32:59 PM
Rank: Chief

Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
the deal wrote:
@YCSUN analysing an Insurance firm is no walk in the park...somebody showed me the ropes...so i had to update my info...i standby Jub...i stand by my word on Britak...i even pulled the Britak post from my blog to avoid misleading folks...on banks i only have Eqty Bank...

I agree.
I also agree on your point about float. An insurance company which makes an underwriting loss can still be a great investment! It is what they do with their premiums that matter
GOD BLESS YOUR LIFE
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