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Jubilee Insurance a buy @ 190?
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The Merchant
#51 Posted : Thursday, March 17, 2011 12:44:11 PM
Rank: Veteran

Joined: 5/24/2010
Posts: 846
Location: KENYA
erifloss wrote:
After seeing Pan Africa's performance, what are Jubilee's prospects? FY 2009 they gave a bonus of 10:1 & a div of 4.50(FY 2008 4.25) on an EPS of 18.33. The bonus issue amounted to around 22.5M, the closing retained earnings was around 3.142B according to their Statement of Changes in Equity thus leaving them with around 3.12B in Retained Earnings, with their various new projects in UG, do we expect anything of the sort for FY 2010?

Well, one thing I like about this company is their huge investment in the stock market. The NSE did very well last year and this should reflect in their profits. They also own lots of DTB which rallied mightily last year. For this one reason I think we have something better than Panafrica here. As I always say about Jubilee. Lets sit back and watch.smile
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erifloss
#52 Posted : Thursday, March 17, 2011 1:36:03 PM
Rank: Member

Joined: 6/21/2010
Posts: 514
Location: Nairobi
The Merchant wrote:
erifloss wrote:
After seeing Pan Africa's performance, what are Jubilee's prospects? FY 2009 they gave a bonus of 10:1 & a div of 4.50(FY 2008 4.25) on an EPS of 18.33. The bonus issue amounted to around 22.5M, the closing retained earnings was around 3.142B according to their Statement of Changes in Equity thus leaving them with around 3.12B in Retained Earnings, with their various new projects in UG, do we expect anything of the sort for FY 2010?

Well, one thing I like about this company is their huge investment in the stock market. The NSE did very well last year and this should reflect in their profits. They also own lots of DTB which rallied mightily last year. For this one reason I think we have something better than Panafrica here. As I always say about Jubilee. Lets sit back and watch.smile

When is their reporting date?
'They say money cannot buy me happiness but when i compare when i had none and now, i'm happier' Kevin O'leary
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the deal
#53 Posted : Saturday, April 02, 2011 10:06:37 AM
Rank: Elder

Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
the deal wrote:
I think Jubilee will post not less than 50% increase in end year EPS..assuming a 50% increase in end year EPS that will bring the end year PE to 6.9(190/27.5) which is cheap considering most financials are trading above the PE of 12...Madam Guru what do you say...

I wrote this on 8 October 2010...they beat my estimation by many yards congrats JBL.
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The Merchant
#54 Posted : Saturday, April 02, 2011 11:37:49 AM
Rank: Veteran

Joined: 5/24/2010
Posts: 846
Location: KENYA
I wonder what they plan to do with all those retained earnings. They will really get good value from the subdued market this year. Oh my what a war chest!!Their portfolio managers must be sweating with anticipation....
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sparkly
#55 Posted : Saturday, April 02, 2011 11:49:15 AM
Rank: Elder

Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
the deal wrote:
the deal wrote:
I think Jubilee will post not less than 50% increase in end year EPS..assuming a 50% increase in end year EPS that will bring the end year PE to 6.9(190/27.5) which is cheap considering most financials are trading above the PE of 12...Madam Guru what do you say...

I wrote this on 8 October 2010...they beat my estimation by many yards congrats JBL.

@thedeal good call
Life is short. Live passionately.
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