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JUBILEE HOLDINGS... a real diamond..
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guru267
#11 Posted : Wednesday, May 25, 2011 3:38:26 PM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
the deal wrote:
@Guru in 2010 even the worst insurance firm doubled it's profits because of the NSE which was up 36%, that shall not be repeated this year.

@the deal ontop of making killer unerwriting profits, this company is well invested in unquoted equity and rental property that will continue to give them good returns even if the NSE does nothing
Mark 12:29
Deuteronomy 4:16
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guru267
#12 Posted : Wednesday, May 25, 2011 3:43:11 PM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
VituVingiSana wrote:
Will it fall like DTBK after the AGM/dividend?
I hope so coz then I can get in. Cheap!

@VVS the 20% fall in DTB was as a reult of the 1:5 bonus issue so I wouldnt call it cheaper since the value stays the same...

Basing on this and other counters jubilee should close the week at 190-195 and nothing lower..
Mark 12:29
Deuteronomy 4:16
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VituVingiSana
#13 Posted : Wednesday, May 25, 2011 3:48:01 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,356
Location: Nairobi
guru267 wrote:
VituVingiSana wrote:
Will it fall like DTBK after the AGM/dividend?
I hope so coz then I can get in. Cheap!

@VVS the 20% fall in DTB was as a reult of the 1:5 bonus issue so I wouldnt call it cheaper since the value stays the same...

Basing on this and other counters jubilee should close the week at 190-195 and nothing lower..
Ahhh! Sorry... but still, I would be very happy to see Jubilee fall in price! Coz it is the best Insurance firm in Kenya/EAC. Pick up some more.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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the deal
#14 Posted : Wednesday, May 25, 2011 4:24:57 PM
Rank: Elder

Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
Well @Guru i rest my case...time will tell...JUB saviour will be their unquoted investments on that i agree otherwise their insurance business is bleeding.
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guru267
#15 Posted : Wednesday, May 25, 2011 4:31:51 PM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
the deal wrote:
Well @Guru i rest my case...time will tell...JUB saviour will be their unquoted investments on that i agree otherwise their insurance business is bleeding.


@deal please stop listening to rumours...
Just check the 2010 annual report and discover how WELL the INSURANCE business performed and by how much it grew...

You will have to swallow your words after feasting your eyes on those results..
Mark 12:29
Deuteronomy 4:16
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The Merchant
#16 Posted : Wednesday, May 25, 2011 4:45:10 PM
Rank: Veteran

Joined: 5/24/2010
Posts: 846
Location: KENYA
guru267 wrote:
VituVingiSana wrote:
Will it fall like DTBK after the AGM/dividend?
I hope so coz then I can get in. Cheap!

@VVS the 20% fall in DTB was as a reult of the 1:5 bonus issue so I wouldnt call it cheaper since the value stays the same...

Basing on this and other counters jubilee should close the week at 190-195 and nothing lower..

Indeed. Buying DTK now is like buying it at around 152. So its not even fallen yet!
I agree with you on Jubilee @guru. Please explain the underwriting profit matter more since what I read in the statements gave me an underwriting loss. if indeed the accountants were trying to give a more prudent picture then they are smoothening profits over the years which is a good thing for investors,no?
I sold my chunk at the peak,217. When it goes ex-all, Im buying in again. Looking for 217 again..
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guru267
#17 Posted : Wednesday, May 25, 2011 5:03:38 PM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
The Merchant wrote:
guru267 wrote:
VituVingiSana wrote:
Will it fall like DTBK after the AGM/dividend?
I hope so coz then I can get in. Cheap!

@VVS the 20% fall in DTB was as a reult of the 1:5 bonus issue so I wouldnt call it cheaper since the value stays the same...

Basing on this and other counters jubilee should close the week at 190-195 and nothing lower..

Indeed. Buying DTK now is like buying it at around 152. So its not even fallen yet!
I agree with you on Jubilee @guru. Please explain the underwriting profit matter more since what I read in the statements gave me an underwriting loss. if indeed the accountants were trying to give a more prudent picture then they are smoothening profits over the years which is a good thing for investors,no?
I sold my chunk at the peak,217. When it goes ex-all, Im buying in again. Looking for 217 again..


@ the merchant you hit the nail on the heaad...
In the chairmans statement in the report he reiterates "jubilee will continue to deliver STABLE and SUSTAINABLE earnings to shareholders"
This prudent act of ovetstating claims in the year of extraordiary nonoperating income would explain the reason for difference in the underwriting loss in the financial statements and the 500million underwriting profits in the annual report..
Mark 12:29
Deuteronomy 4:16
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The Merchant
#18 Posted : Wednesday, May 25, 2011 9:01:45 PM
Rank: Veteran

Joined: 5/24/2010
Posts: 846
Location: KENYA
guru267 wrote:
The Merchant wrote:
guru267 wrote:
VituVingiSana wrote:
Will it fall like DTBK after the AGM/dividend?
I hope so coz then I can get in. Cheap!

@VVS the 20% fall in DTB was as a reult of the 1:5 bonus issue so I wouldnt call it cheaper since the value stays the same...

Basing on this and other counters jubilee should close the week at 190-195 and nothing lower..

Indeed. Buying DTK now is like buying it at around 152. So its not even fallen yet!
I agree with you on Jubilee @guru. Please explain the underwriting profit matter more since what I read in the statements gave me an underwriting loss. if indeed the accountants were trying to give a more prudent picture then they are smoothening profits over the years which is a good thing for investors,no?
I sold my chunk at the peak,217. When it goes ex-all, Im buying in again. Looking for 217 again..


@ the merchant you hit the nail on the heaad...
In the chairmans statement in the report he reiterates "jubilee will continue to deliver STABLE and SUSTAINABLE earnings to shareholders"
This prudent act of ovetstating claims in the year of extraordiary nonoperating income would explain the reason for difference in the underwriting loss in the financial statements and the 500million underwriting profits in the annual report..

You sure know how to comb these statements. I'm buying this one with my eyes closed. This week Ill spend looking for that cash!!d'oh!
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Aguytrying
#19 Posted : Thursday, May 26, 2011 9:54:00 AM
Rank: Elder

Joined: 7/11/2010
Posts: 5,040
Whenever guru speaks, i feel less like selling jubilee. Ex all i see it going to 180-190. But i've realised there's no hurry in buying jubilee. Take your time, wait for the price dips coz they will be there, esp with half yr results abit far off.
The investor's chief problem - and even his worst enemy - is likely to be himself
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guru267
#20 Posted : Thursday, May 26, 2011 12:18:22 PM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
Laughing out loudly There are fireworks at this AGM.. Laughing out loudly
Mark 12:29
Deuteronomy 4:16
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