Wazua
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JUBILEE HOLDINGS
Rank: Elder Joined: 6/27/2008 Posts: 4,114
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This is a carry over from another thread: "Jubilee is not just an insurance business; it is an investment company whose holdings include banking (DTB), tourism (TPS-EA), power generation (Tsavo Power), real estate (IPS building) etc...." Looking at the financial report for 2008, the company has managed an average of 21% p.a growth in profits (EPS) in the last ten years. Dividends have averaged 12% pa growth in the same period. But the price....that's a different story...but we know the reason why. I think this is a good one for long term. P/E of 10 is bad for such consistent growth. Jubilee: you are on my cross-hairs! Nothing is real unless it can be named; nothing has value unless it can be sold; money is worthless unless you spend it.
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Rank: Elder Joined: 5/27/2008 Posts: 3,760
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You have left out investment in fibre (Seacom) whose revenues should show up in this years accounts....
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Rank: Member Joined: 11/13/2009 Posts: 35
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and their insurance products vs returns are quite impressive!!!
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Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
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But the price....that's a different story...but we know the reason why. @mukiha.. is there another reason why the price is low except general market conditions? Mark 12:29
Deuteronomy 4:16
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Rank: Member Joined: 1/26/2010 Posts: 124
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@guru, is the price low?? I think it is high! Tired of mediocrity. Am going to the very top!
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Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
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@richvee.. jubilee is not highly priced at all.. @mukiha pointed out that it has seen good growth in profits and dividends.. and a p/e of 9.7 is fairly cheap especially considering it has a wide untapped market and is well diversified... though i think its shares need a split to unlock its value... this counter in my opinion is a good buy!! Mark 12:29
Deuteronomy 4:16
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Rank: Member Joined: 1/26/2010 Posts: 124
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I suppose what I meant is that it needs to be split... Tired of mediocrity. Am going to the very top!
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Rank: Chief Joined: 1/3/2007 Posts: 18,050 Location: Nairobi
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Jubilee does not want fly-by-night investors or speculators thus they will give bonuses but no splits. The Chairman is a jamaa who is forceful & likes the current status! Produce results, the share price will take care of itself.... Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
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@VVS you may be right about the management not wanting to split this stock but how will they offer the shareholders more value??? the NSE trends after 2007 indicate that no matter how much profits are increased the share prices dont seem to be able to go above 200bob and thus remain undervalued especially the ones with low foreign demand.. its unheard of for a market to have counters trading with a p/e of 3 or 4 for no fundamental reason Mark 12:29
Deuteronomy 4:16
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Rank: Chief Joined: 1/3/2007 Posts: 18,050 Location: Nairobi
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@guru - Jubilee constantly gives bonuses. I think they will do so again since the IRA wants certain levels of 'Share Capital'. BTW, the IRA position should be 'Shareholder Funds' but oh well... Anyway, I am sure Jubilee will give a bonus or split but not to the level of 20/- shares... more like trying to stay in the 80+ range Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Member Joined: 11/13/2009 Posts: 35
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Infact the Insurance Regulator, IRA, has insured with Jubilee.
probably tells jubilee's position as a strong,viable co.
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Rank: Chief Joined: 1/3/2007 Posts: 18,050 Location: Nairobi
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E2D wrote:Infact the Insurance Regulator, IRA, has insured with Jubilee.
probably tells jubilee's position as a strong,viable co. LOL... That is a show of confidence... though I thought all government institutions had to use a government insurance firm (if there is one after KNAC collapsed)... So which stockbroker does CMA use? Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 5/27/2008 Posts: 3,760
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Just going through the segmental reporting of the past year. JHL is in Kenya, Uganda, Tanzania, Mauritius and Burundi, but NOT in Rwanda!! Of these geographical segments, Burundi is loss making. The profits for the year are Kenya-1,358,601 Uganda-330,981 Tanzania-45,770 Mauritius-110,310 Burundi-(6,538) Total-1,839,124. Saving grace for Burundi is that this is the first year so it should impact the bottom line positively this year. I think the chairman said they are looking at West Africa for expansion - that means even more moolah.
In the chairman's statement "I am proud to advise that on 3rd August, 2011 Jubilee will commence it’s 75th Year and accordingly various initiatives have been planned which will benefit all the stakeholders including customers, intermediaries and employees." A hunch - something is in the offing during the upcoming interim announcement (last year 15th August 2010).
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Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
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These guys are now fund managers. Jubilee gets fund manager’s licenceguru, you should apply for a job there  GOD BLESS YOUR LIFE
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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This is a good move when the market is underwater.
This stock is still undervalued. I foresee a Barclays or KCB parabolic before a split is forced to take place. Around 400-500/-
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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This is a good move when the market is underwater.
This stock is still undervalued. I foresee a Barclays or KCB parabolic before a split is forced to take place. Around 400-500/-
could you please, rewind and come again. Barclays i understand, its the way it moved from 60-70 pre split. But what do you mean by kcb parabolic? I like the figures of jubilee, you are quoting though. The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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Aguytrying wrote:This is a good move when the market is underwater.
This stock is still undervalued. I foresee a Barclays or KCB parabolic before a split is forced to take place. Around 400-500/-
could you please, rewind and come again. Barclays i understand, its the way it moved from 60-70 pre split. But what do you mean by kcb parabolic? I like the figures of jubilee, you are quoting though. KCB also raced to incredible heights before the split. Or if you want even more wildness EAC almost blew off the NSE top... $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: New-farer Joined: 3/29/2011 Posts: 56 Location: Kenya
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Big coup for Jubilee as it swipes the KQ account off AON Minet's feet
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Rank: Elder Joined: 5/27/2008 Posts: 3,760
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kenyainvesting.blogspot.com wrote:Big coup for Jubilee as it swipes the KQ account off AON Minet's feet Which business? I hope not something as miniscule as WIBA.
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Rank: Veteran Joined: 4/30/2010 Posts: 1,635
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Any link to support the great news.
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