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JUBILEE HOLDINGS
Ericsson
#121 Posted : Friday, October 22, 2021 5:26:06 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,624
Location: NAIROBI
VituVingiSana wrote:
Ericsson wrote:
VituVingiSana wrote:
Ericsson wrote:
VituVingiSana wrote:
Ericsson wrote:
VituVingiSana wrote:
Ericsson wrote:
VituVingiSana wrote:
Ericsson wrote:
VituVingiSana wrote:
Ericsson wrote:
VituVingiSana wrote:
My 2 cents wrote:
Ericsson wrote:
My 2 cents wrote:
How do you know? Just answer in a straight forward manner.


Check the annual report of list of shareholders.
Check the latest and previous.
This is in their website

Great
2% but GoK has 60%. I hope JHL can buy 26% and get some board seats but GoK still calls the shots.

Board seats they need minimum 10%.
Do you have any source to back up that 10% can get them a board seat?

I know you said "minimum" but that means little in this context since GoK clearly has 50%+


If they want a bigger stake they could explore the other reinsurers such as Continental Re Kenya.
Britam years back expressed intention but little information is available on what happened.

https://www.businessdail...n-nigerian-firm-2055952

What's the connection between Continental Re and Kenya Re?


If they want a bigger stake in a reinsurance firm and don't want a firm where Gok has control/calls the shots.
Isn't the point of investing to buy cheap and unlock value?


Yes,
You can also buy and have synergy with it for example directing their reinsurance business through a company they have a stake in to lock in the money or profits
That would simply be concentrating their risk that they would to reinsure. Why not keep buying Kenya Re which is cheap on a NAV basis vs paying full price for Continental Re?

Doesn't Jubilee have the option of not reinsuring with anyone (except for Kenya Re) if it wants to retain more of the premiums?


No they don't.
There are some business because of their value/worth a portion of it you have to reinsure with two or more reinsurers.
Jubilee isn't in charge of "General Business" (51% in Kenya sold to Allianz). The Life and Medical to be reinsured can easily be shared between Kenya Re and Allianz.


Not that easily as you have mentioned.
Allianz Kenya is an insurance company,so how does it reinsure
Yes, it is that easy. It's not rocket science.

Who said Jubilee should reinsure with Allianz KE?
Allianz (the partner and fellow shareholder) is a HUGE firm with a reinsurance arm https://www.allianzre.com/en_GB.html


If it's that easy,give example of such an arrangement that has been done locally.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
My 2 cents
#122 Posted : Friday, October 22, 2021 7:01:30 PM
Rank: Veteran


Joined: 6/2/2010
Posts: 1,059
Incidentally Kenya-Re's market share has been dropping. It is now at 16% of the Kenyan market. I wonder who is chipping away at their share.
Ericsson
#123 Posted : Friday, October 22, 2021 9:10:59 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,624
Location: NAIROBI
My 2 cents wrote:
Incidentally Kenya-Re's market share has been dropping. It is now at 16% of the Kenyan market. I wonder who is chipping away at their share.


East Africa Re
Continental Re
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
VituVingiSana
#124 Posted : Friday, October 22, 2021 11:53:07 PM
Rank: Chief


Joined: 1/3/2007
Posts: 18,025
Location: Nairobi
Ericsson wrote:
VituVingiSana wrote:
Ericsson wrote:
VituVingiSana wrote:
Ericsson wrote:
VituVingiSana wrote:
Ericsson wrote:
VituVingiSana wrote:
Ericsson wrote:
VituVingiSana wrote:
Ericsson wrote:
VituVingiSana wrote:
Ericsson wrote:
VituVingiSana wrote:
My 2 cents wrote:
Ericsson wrote:
My 2 cents wrote:
How do you know? Just answer in a straight forward manner.


Check the annual report of list of shareholders.
Check the latest and previous.
This is in their website

Great
2% but GoK has 60%. I hope JHL can buy 26% and get some board seats but GoK still calls the shots.

Board seats they need minimum 10%.
Do you have any source to back up that 10% can get them a board seat?

I know you said "minimum" but that means little in this context since GoK clearly has 50%+


If they want a bigger stake they could explore the other reinsurers such as Continental Re Kenya.
Britam years back expressed intention but little information is available on what happened.

https://www.businessdail...n-nigerian-firm-2055952

What's the connection between Continental Re and Kenya Re?


If they want a bigger stake in a reinsurance firm and don't want a firm where Gok has control/calls the shots.
Isn't the point of investing to buy cheap and unlock value?


Yes,
You can also buy and have synergy with it for example directing their reinsurance business through a company they have a stake in to lock in the money or profits
That would simply be concentrating their risk that they would to reinsure. Why not keep buying Kenya Re which is cheap on a NAV basis vs paying full price for Continental Re?

Doesn't Jubilee have the option of not reinsuring with anyone (except for Kenya Re) if it wants to retain more of the premiums?


No they don't.
There are some business because of their value/worth a portion of it you have to reinsure with two or more reinsurers.
Jubilee isn't in charge of "General Business" (51% in Kenya sold to Allianz). The Life and Medical to be reinsured can easily be shared between Kenya Re and Allianz.


Not that easily as you have mentioned.
Allianz Kenya is an insurance company,so how does it reinsure
Yes, it is that easy. It's not rocket science.

Who said Jubilee should reinsure with Allianz KE?
Allianz (the partner and fellow shareholder) is a HUGE firm with a reinsurance arm https://www.allianzre.com/en_GB.html


If it's that easy, give example of such an arrangement that has been done locally.
UAP
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Ericsson
#125 Posted : Saturday, October 23, 2021 8:49:01 AM
Rank: Elder


Joined: 12/4/2009
Posts: 10,624
Location: NAIROBI
VituVingiSana wrote:
Ericsson wrote:
VituVingiSana wrote:
Ericsson wrote:
VituVingiSana wrote:
Ericsson wrote:
VituVingiSana wrote:
Ericsson wrote:
VituVingiSana wrote:
Ericsson wrote:
VituVingiSana wrote:
Ericsson wrote:
VituVingiSana wrote:
Ericsson wrote:
VituVingiSana wrote:
My 2 cents wrote:
Ericsson wrote:
My 2 cents wrote:
How do you know? Just answer in a straight forward manner.


Check the annual report of list of shareholders.
Check the latest and previous.
This is in their website

Great
2% but GoK has 60%. I hope JHL can buy 26% and get some board seats but GoK still calls the shots.

Board seats they need minimum 10%.
Do you have any source to back up that 10% can get them a board seat?

I know you said "minimum" but that means little in this context since GoK clearly has 50%+


If they want a bigger stake they could explore the other reinsurers such as Continental Re Kenya.
Britam years back expressed intention but little information is available on what happened.

https://www.businessdail...n-nigerian-firm-2055952

What's the connection between Continental Re and Kenya Re?


If they want a bigger stake in a reinsurance firm and don't want a firm where Gok has control/calls the shots.
Isn't the point of investing to buy cheap and unlock value?


Yes,
You can also buy and have synergy with it for example directing their reinsurance business through a company they have a stake in to lock in the money or profits
That would simply be concentrating their risk that they would to reinsure. Why not keep buying Kenya Re which is cheap on a NAV basis vs paying full price for Continental Re?

Doesn't Jubilee have the option of not reinsuring with anyone (except for Kenya Re) if it wants to retain more of the premiums?


No they don't.
There are some business because of their value/worth a portion of it you have to reinsure with two or more reinsurers.
Jubilee isn't in charge of "General Business" (51% in Kenya sold to Allianz). The Life and Medical to be reinsured can easily be shared between Kenya Re and Allianz.


Not that easily as you have mentioned.
Allianz Kenya is an insurance company,so how does it reinsure
Yes, it is that easy. It's not rocket science.

Who said Jubilee should reinsure with Allianz KE?
Allianz (the partner and fellow shareholder) is a HUGE firm with a reinsurance arm https://www.allianzre.com/en_GB.html


If it's that easy, give example of such an arrangement that has been done locally.
UAP


UAP reinsurance business is split between Kenya Re,Zep Re and Africa Re.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
VituVingiSana
#126 Posted : Sunday, October 24, 2021 12:46:28 AM
Rank: Chief


Joined: 1/3/2007
Posts: 18,025
Location: Nairobi
Ericsson wrote:
VituVingiSana wrote:
Ericsson wrote:
VituVingiSana wrote:
Ericsson wrote:
VituVingiSana wrote:
Ericsson wrote:
VituVingiSana wrote:
Ericsson wrote:
VituVingiSana wrote:
Ericsson wrote:
VituVingiSana wrote:
Ericsson wrote:
VituVingiSana wrote:
Ericsson wrote:
VituVingiSana wrote:
My 2 cents wrote:
Ericsson wrote:
My 2 cents wrote:
How do you know? Just answer in a straight forward manner.


Check the annual report of list of shareholders.
Check the latest and previous.
This is in their website

Great
2% but GoK has 60%. I hope JHL can buy 26% and get some board seats but GoK still calls the shots.

Board seats they need minimum 10%.
Do you have any source to back up that 10% can get them a board seat?

I know you said "minimum" but that means little in this context since GoK clearly has 50%+


If they want a bigger stake they could explore the other reinsurers such as Continental Re Kenya.
Britam years back expressed intention but little information is available on what happened.

https://www.businessdail...n-nigerian-firm-2055952

What's the connection between Continental Re and Kenya Re?


If they want a bigger stake in a reinsurance firm and don't want a firm where Gok has control/calls the shots.
Isn't the point of investing to buy cheap and unlock value?


Yes,
You can also buy and have synergy with it for example directing their reinsurance business through a company they have a stake in to lock in the money or profits
That would simply be concentrating their risk that they would to reinsure. Why not keep buying Kenya Re which is cheap on a NAV basis vs paying full price for Continental Re?

Doesn't Jubilee have the option of not reinsuring with anyone (except for Kenya Re) if it wants to retain more of the premiums?


No they don't.
There are some business because of their value/worth a portion of it you have to reinsure with two or more reinsurers.
Jubilee isn't in charge of "General Business" (51% in Kenya sold to Allianz). The Life and Medical to be reinsured can easily be shared between Kenya Re and Allianz.


Not that easily as you have mentioned.
Allianz Kenya is an insurance company,so how does it reinsure
Yes, it is that easy. It's not rocket science.

Who said Jubilee should reinsure with Allianz KE?
Allianz (the partner and fellow shareholder) is a HUGE firm with a reinsurance arm https://www.allianzre.com/en_GB.html


If it's that easy, give example of such an arrangement that has been done locally.
UAP


UAP reinsurance business is split between Kenya Re,Zep Re and Africa Re.
Isn't there a requirement to use Zep Re just as one has to use Kenya Re?
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Ericsson
#127 Posted : Sunday, October 24, 2021 7:22:32 AM
Rank: Elder


Joined: 12/4/2009
Posts: 10,624
Location: NAIROBI
VituVingiSana wrote:
Ericsson wrote:
VituVingiSana wrote:
Ericsson wrote:
VituVingiSana wrote:
Ericsson wrote:
VituVingiSana wrote:
Ericsson wrote:
VituVingiSana wrote:
Ericsson wrote:
VituVingiSana wrote:
Ericsson wrote:
VituVingiSana wrote:
Ericsson wrote:
VituVingiSana wrote:
Ericsson wrote:
VituVingiSana wrote:
My 2 cents wrote:
Ericsson wrote:
My 2 cents wrote:
How do you know? Just answer in a straight forward manner.


Check the annual report of list of shareholders.
Check the latest and previous.
This is in their website

Great
2% but GoK has 60%. I hope JHL can buy 26% and get some board seats but GoK still calls the shots.

Board seats they need minimum 10%.
Do you have any source to back up that 10% can get them a board seat?

I know you said "minimum" but that means little in this context since GoK clearly has 50%+


If they want a bigger stake they could explore the other reinsurers such as Continental Re Kenya.
Britam years back expressed intention but little information is available on what happened.

https://www.businessdail...n-nigerian-firm-2055952

What's the connection between Continental Re and Kenya Re?


If they want a bigger stake in a reinsurance firm and don't want a firm where Gok has control/calls the shots.
Isn't the point of investing to buy cheap and unlock value?


Yes,
You can also buy and have synergy with it for example directing their reinsurance business through a company they have a stake in to lock in the money or profits
That would simply be concentrating their risk that they would to reinsure. Why not keep buying Kenya Re which is cheap on a NAV basis vs paying full price for Continental Re?

Doesn't Jubilee have the option of not reinsuring with anyone (except for Kenya Re) if it wants to retain more of the premiums?


No they don't.
There are some business because of their value/worth a portion of it you have to reinsure with two or more reinsurers.
Jubilee isn't in charge of "General Business" (51% in Kenya sold to Allianz). The Life and Medical to be reinsured can easily be shared between Kenya Re and Allianz.


Not that easily as you have mentioned.
Allianz Kenya is an insurance company,so how does it reinsure
Yes, it is that easy. It's not rocket science.

Who said Jubilee should reinsure with Allianz KE?
Allianz (the partner and fellow shareholder) is a HUGE firm with a reinsurance arm https://www.allianzre.com/en_GB.html


If it's that easy, give example of such an arrangement that has been done locally.
UAP


UAP reinsurance business is split between Kenya Re,Zep Re and Africa Re.
Isn't there a requirement to use Zep Re just as one has to use Kenya Re?

Yes
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Ericsson
#128 Posted : Tuesday, October 26, 2021 11:49:47 AM
Rank: Elder


Joined: 12/4/2009
Posts: 10,624
Location: NAIROBI
Ericsson wrote:
VituVingiSana wrote:
Ericsson wrote:
VituVingiSana wrote:
My 2 cents wrote:
Ericsson wrote:
[quote=My 2 cents]How do you know? Just answer in a straight forward manner.


Check the annual report of list of shareholders.
Check the latest and previous.
This is in their website

Great
2% but GoK has 60%. I hope JHL can buy 26% and get some board seats but GoK still calls the shots.

Board seats they need minimum 10%.
Do you have any source to back up that 10% can get them a board seat?

I know you said "minimum" but that means little in this context since GoK clearly has 50%+


If they want a bigger stake they could explore the other reinsurers such as Continental Re Kenya.
Britam years back expressed intention but little information is available on what happened.

https://www.businessdail...n-nigerian-firm-2055952[/quote]

Britam executed the transaction and owns 35% of Continental Re Kenya
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Ericsson
#129 Posted : Monday, March 07, 2022 5:58:24 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,624
Location: NAIROBI
Jubilee Holdings has acquired an additional 10% shareholding in broadband submarine sea cable SEACOM,raising it's shareholding to the internet infrastructure venture to 18.8%.
SEACOM leverages cloud technology to equip small to medium enterprises with cost-effective, simple to integrate business tools that rapidly extend their reach.
We are very pleased with this additional investment in SEACOM, which has been a key player for modernization of African businesses for a number of countries, and we have confidence in the business's growth trajectory ~ Jubilee Holdings Group Chairman Nizar Juma
Jubilee Holdings is acting through IPS Cable System Ltd, which has acquired SEACOM Holding Ltd (Mauritius) shareholding amounting to 10 percent

https://pbs.twimg.com/me...ormat=jpg&name=small
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Ericsson
#130 Posted : Wednesday, March 30, 2022 9:08:57 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,624
Location: NAIROBI
Jubilee Holdings to announce FY2021 results tomorrow after market close
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
deadpoet
#131 Posted : Sunday, April 03, 2022 6:24:32 PM
Rank: Member


Joined: 9/27/2006
Posts: 496
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.
Ericsson
#132 Posted : Monday, April 04, 2022 1:26:58 AM
Rank: Elder


Joined: 12/4/2009
Posts: 10,624
Location: NAIROBI
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
kmucheke
#133 Posted : Tuesday, April 05, 2022 2:10:34 PM
Rank: Member


Joined: 3/16/2019
Posts: 313
Insurer Jubilee buys Coca-Cola office at Sh1.1bn

Quote:
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?
Ericsson
#134 Posted : Tuesday, April 05, 2022 6:10:32 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,624
Location: NAIROBI
kmucheke wrote:
Insurer Jubilee buys Coca-Cola office at Sh1.1bn

Quote:
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
obiero
#135 Posted : Tuesday, April 05, 2022 6:17:32 PM
Rank: Elder


Joined: 6/23/2009
Posts: 13,462
Location: nairobi
Ericsson wrote:
kmucheke wrote:
Insurer Jubilee buys Coca-Cola office at Sh1.1bn

Quote:
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

HF 428,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 15,750 ABP 6.45
VituVingiSana
#136 Posted : Tuesday, April 05, 2022 10:52:34 PM
Rank: Chief


Joined: 1/3/2007
Posts: 18,025
Location: Nairobi
kmucheke wrote:
Insurer Jubilee buys Coca-Cola office at Sh1.1bn

Quote:
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
kmucheke
#137 Posted : Tuesday, April 05, 2022 11:14:04 PM
Rank: Member


Joined: 3/16/2019
Posts: 313
Ericsson wrote:
kmucheke wrote:
Insurer Jubilee buys Coca-Cola office at Sh1.1bn

Quote:
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?
kmucheke
#138 Posted : Tuesday, April 05, 2022 11:17:41 PM
Rank: Member


Joined: 3/16/2019
Posts: 313
VituVingiSana wrote:
kmucheke wrote:
Insurer Jubilee buys Coca-Cola office at Sh1.1bn

Quote:
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"!
Ericsson
#139 Posted : Wednesday, April 06, 2022 3:32:54 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,624
Location: NAIROBI
kmucheke wrote:
Ericsson wrote:
kmucheke wrote:
Insurer Jubilee buys Coca-Cola office at Sh1.1bn

Quote:
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
Ericsson
#140 Posted : Wednesday, April 06, 2022 3:37:08 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,624
Location: NAIROBI
VituVingiSana wrote:
kmucheke wrote:
Insurer Jubilee buys Coca-Cola office at Sh1.1bn

Quote:
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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