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JUBILEE HOLDINGS
Rank: Member Joined: 9/27/2006 Posts: 505
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Anyone know why this company is so stingy with dividends? It routinely hits 5 billion in profits, but shareholders only ever get roughly 800m. In 2021, with net profits of 6 billion, shareholders are only getting 1 billion in dividends.
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Rank: Elder Joined: 12/4/2009 Posts: 10,804 Location: NAIROBI
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deadpoet wrote:Anyone know why this company is so stingy with dividends? It routinely hits 5 billion in profits, but shareholders only ever get roughly 800m. In 2021, with net profits of 6 billion, shareholders are only getting 1 billion in dividends. Ask DTB shareholders Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Member Joined: 3/16/2019 Posts: 313
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Insurer Jubilee buys Coca-Cola office at Sh1.1bnQuote:Jubilee Holdings has bought Coca-Cola East Africa’s former head office in Nairobi’s Upper Hill at a cost of Sh1.1 billion, with the insurer planning to move its headquarters to the property in September. Quote:The property, which sits on 3.2 acres, had been on the market for more than two years. Coca-Cola announced the sale of the property in July 2019 after moving to a new building in Lavington. Land experts, is this price right?
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Rank: Elder Joined: 12/4/2009 Posts: 10,804 Location: NAIROBI
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kmucheke wrote:Insurer Jubilee buys Coca-Cola office at Sh1.1bnQuote:Jubilee Holdings has bought Coca-Cola East Africa’s former head office in Nairobi’s Upper Hill at a cost of Sh1.1 billion, with the insurer planning to move its headquarters to the property in September. Quote:The property, which sits on 3.2 acres, had been on the market for more than two years. Coca-Cola announced the sale of the property in July 2019 after moving to a new building in Lavington. Land experts, is this price right? They are adding one floor and doing renovations,probably this was a bargaining tool for them Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 6/23/2009 Posts: 14,211 Location: nairobi
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Ericsson wrote:kmucheke wrote:Insurer Jubilee buys Coca-Cola office at Sh1.1bnQuote:Jubilee Holdings has bought Coca-Cola East Africa’s former head office in Nairobi’s Upper Hill at a cost of Sh1.1 billion, with the insurer planning to move its headquarters to the property in September. Quote:The property, which sits on 3.2 acres, had been on the market for more than two years. Coca-Cola announced the sale of the property in July 2019 after moving to a new building in Lavington. Land experts, is this price right? They are adding one floor and doing renovations,probably this was a bargaining tool for them I love Jubilee Insurance/Allianz
KQ ABP 4.26
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Rank: Chief Joined: 1/3/2007 Posts: 18,344 Location: Nairobi
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kmucheke wrote:Insurer Jubilee buys Coca-Cola office at Sh1.1bnQuote:Jubilee Holdings has bought Coca-Cola East Africa’s former head office in Nairobi’s Upper Hill at a cost of Sh1.1 billion, with the insurer planning to move its headquarters to the property in September. Quote:The property, which sits on 3.2 acres, had been on the market for more than two years. Coca-Cola announced the sale of the property in July 2019 after moving to a new building in Lavington. Land experts, is this price right? Respect! I think KenyaRe claimed Upper Hill is 500mn/acre. Assume this is true then JHL got 3.2 acres (1.6bn) in land AND a really nice building with fancy features. They will probably lease the offices in CBD. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Member Joined: 3/16/2019 Posts: 313
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Ericsson wrote:kmucheke wrote:Insurer Jubilee buys Coca-Cola office at Sh1.1bnQuote:Jubilee Holdings has bought Coca-Cola East Africa’s former head office in Nairobi’s Upper Hill at a cost of Sh1.1 billion, with the insurer planning to move its headquarters to the property in September. Quote:The property, which sits on 3.2 acres, had been on the market for more than two years. Coca-Cola announced the sale of the property in July 2019 after moving to a new building in Lavington. Land experts, is this price right? They are adding one floor and doing renovations,probably this was a bargaining tool for them Then JHL must be very good at bargaining, unless there is something else. Wasn't this building declared to be amongst the most "green" buildings?
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Rank: Member Joined: 3/16/2019 Posts: 313
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VituVingiSana wrote:kmucheke wrote:Insurer Jubilee buys Coca-Cola office at Sh1.1bnQuote:Jubilee Holdings has bought Coca-Cola East Africa’s former head office in Nairobi’s Upper Hill at a cost of Sh1.1 billion, with the insurer planning to move its headquarters to the property in September. Quote:The property, which sits on 3.2 acres, had been on the market for more than two years. Coca-Cola announced the sale of the property in July 2019 after moving to a new building in Lavington. Land experts, is this price right? Respect! I think KenyaRe claimed Upper Hill is 500mn/acre. Assume this is true then JHL got 3.2 acres (1.6bn) in land AND a really nice building with fancy features. They will probably lease the offices in CBD. Respect indeed! That building has been touted as being very "green"!
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Rank: Elder Joined: 12/4/2009 Posts: 10,804 Location: NAIROBI
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kmucheke wrote:Ericsson wrote:kmucheke wrote:Insurer Jubilee buys Coca-Cola office at Sh1.1bnQuote:Jubilee Holdings has bought Coca-Cola East Africa’s former head office in Nairobi’s Upper Hill at a cost of Sh1.1 billion, with the insurer planning to move its headquarters to the property in September. Quote:The property, which sits on 3.2 acres, had been on the market for more than two years. Coca-Cola announced the sale of the property in July 2019 after moving to a new building in Lavington. Land experts, is this price right? They are adding one floor and doing renovations,probably this was a bargaining tool for them Then JHL must be very good at bargaining, unless there is something else. Wasn't this building declared to be amongst the most "green" buildings? There is something else that we still don't know. Let's wait for the finer details of the transaction. Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 12/4/2009 Posts: 10,804 Location: NAIROBI
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VituVingiSana wrote:kmucheke wrote:Insurer Jubilee buys Coca-Cola office at Sh1.1bnQuote:Jubilee Holdings has bought Coca-Cola East Africa’s former head office in Nairobi’s Upper Hill at a cost of Sh1.1 billion, with the insurer planning to move its headquarters to the property in September. Quote:The property, which sits on 3.2 acres, had been on the market for more than two years. Coca-Cola announced the sale of the property in July 2019 after moving to a new building in Lavington. Land experts, is this price right? Respect! I think KenyaRe claimed Upper Hill is 500mn/acre. Assume this is true then JHL got 3.2 acres (1.6bn) in land AND a really nice building with fancy features. They will probably lease the offices in CBD. With covid-19 and economic slowdown the price has dropped to around ksh.400mn Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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