 |
Investor |
Weβre investing funds for profit. Join us and wazua! |
|
 |
 |
|
|
|
 |
Wazua
»
Investor
»
Stocks
»
JUBILEE HOLDINGS
Rank: Elder Joined: 12/4/2009 Posts: 9,256 Location: NAIROBI
|
[quote=VituVingiSana]According to an inquiry notice from the Comesa Competition Commission, Akfed is seeking to acquire all the shares in the Sh65 billion fibre cable through its subsidiaries, Industrial Promotion Services (IPS) and Jubilee Holdings. https://www.standardmedi...-buy-fibre-cable-seacom[/quote] Githeri media misreported facts. It's not a full acquisition Wealth is built through a relatively simple equation Wealth=Income + Investments - Lifestyle
|
|
Rank: Elder Joined: 12/4/2009 Posts: 9,256 Location: NAIROBI
|
Jubilee holdings is becoming more of an investment company than insurance. In their HY results of 2019,they had invested sh.60bn in government securities Wealth is built through a relatively simple equation Wealth=Income + Investments - Lifestyle
|
|
Rank: Chief Joined: 1/3/2007 Posts: 17,371 Location: Nairobi
|
Warren Buffett Explains The Genius Of The Float https://www.npr.org/sect...ett_explains_the_ge.htmlGreedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
|
|
Rank: Elder Joined: 6/23/2009 Posts: 12,860 Location: nairobi
|
Ericsson wrote:Jubilee holdings is becoming more of an investment company than insurance. In their HY results of 2019,they had invested sh.60bn in government securities With all the paid premiums that remain unclaimed, what options do they have really. A solid company COOP 5,500 ABP12.6; HF 30,000 ABP 5.90; KCB 7,500 ABP 36; KQ 414,100 ABP 7.92
|
|
Rank: Elder Joined: 12/4/2009 Posts: 9,256 Location: NAIROBI
|
obiero wrote:Ericsson wrote:Jubilee holdings is becoming more of an investment company than insurance. In their HY results of 2019,they had invested sh.60bn in government securities With all the paid premiums that remain unclaimed, what options do they have really. A solid company Spot on. They are competing neck to neck with Britam on whose the largest insurer in East and Central Africa. Wealth is built through a relatively simple equation Wealth=Income + Investments - Lifestyle
|
|
Rank: Elder Joined: 12/4/2009 Posts: 9,256 Location: NAIROBI
|
Jubilee holdings has entered into a set of binding transactions with Allianz Africa Holdings which will result in Allianz acquiring majority equity stakes ranging from 51% to 66% in Jubilee holdings short-term general insurance business in each of Kenya, Uganda, Tanzania, Burundi and Mauritius for a consideration of ksh.7.75bn Wealth is built through a relatively simple equation Wealth=Income + Investments - Lifestyle
|
|
Rank: Member Joined: 5/6/2008 Posts: 192
|
|
|
Rank: Elder Joined: 12/4/2009 Posts: 9,256 Location: NAIROBI
|
Jubilee plans to reinvest the cash generated from the deal in its portfolio of privately held companies. Mr Juma said other decisions such as including whether or not the company will pay a special dividend will be made at a later date. https://www.businessdail...-german-company-2452686
Wealth is built through a relatively simple equation Wealth=Income + Investments - Lifestyle
|
|
Rank: Elder Joined: 12/4/2009 Posts: 9,256 Location: NAIROBI
|
From page 70 of Jubilee Holdings 2019 annual report, Jubilee holdings made ksh.368 million from general insurance business despite contributing like 50% of the gross written premium. Jubilee made ksh.915mn from health and ksh.1861mn from life assurance https://mobile.twitter.c...1238259754885121/photo/1Wealth is built through a relatively simple equation Wealth=Income + Investments - Lifestyle
|
|
Rank: Member Joined: 4/21/2015 Posts: 137
|
|
|
Rank: Elder Joined: 12/4/2009 Posts: 9,256 Location: NAIROBI
|
AndyC wrote:https://www.cnn.com/2020/09/29/investing/allianz-pension-funds/index.html Wololo Wealth is built through a relatively simple equation Wealth=Income + Investments - Lifestyle
|
|
Rank: Elder Joined: 12/4/2009 Posts: 9,256 Location: NAIROBI
|
There are 49 insurance companies in Kenya. Too many for an economy the size of Kenya Wealth is built through a relatively simple equation Wealth=Income + Investments - Lifestyle
|
|
Rank: Elder Joined: 12/4/2009 Posts: 9,256 Location: NAIROBI
|
Ericsson wrote:There are 49 insurance companies in Kenya. Too many for an economy the size of Kenya https://mobile.twitter.c...7669980717420547/photo/1Wealth is built through a relatively simple equation Wealth=Income + Investments - Lifestyle
|
|
Rank: Elder Joined: 12/4/2009 Posts: 9,256 Location: NAIROBI
|
https://pbs.twimg.com/me...rmat=jpg&name=large
A.That subject to all statutory and regulatory approvals being obtained,the sale by the company and/or its wholly owned investment subsidiaries of the following shares in the below listed target companies to Allianz Africa Holdings GmbH be approved; (i)66% shareholding of Jubilee General Insurance Limited in Kenya (ii)51% shareholding of the Jubilee Insurance Company of Burundi (iii)31% shareholding of the Jubilee Insurance Company of Uganda (iv)54.15% shareholding of Jubilee Insurance Mauritius Limited AND FURTHER,the Shareholders approve that following the sale of the aforesaid shares in the Target Companies,the Target Companies shall no longer be subsidiaries of the company. B.That the incorporation of a new subsidiary in Tanzania in preparation for the separation of the short-term general insurance business ("P&C business") of the Jubilee Insurance Company of Tanzania Limited (JICT) to be transferred to the new subsidiary leaving JICT as a medical insurer only be ratified,and the sale thereafter of 36% shareholding in the new subsidary to Allianz on the understanding that the new subsidiary will no longer be a subsidiary of the company following completion of sale be approved. C.That the incorporation of a new subsidiary in Uganda in preparation for the separation of the health insurance business currently operated by The Jubilee Insurance Company of Uganda Limited (JU) to be transferred to the new subsidiary leaving JU to operate P&C business only,be ratified. Weeh This is a fire sale. Wealth is built through a relatively simple equation Wealth=Income + Investments - Lifestyle
|
|
Rank: Elder Joined: 12/4/2009 Posts: 9,256 Location: NAIROBI
|
https://www.the-star.co....lders-okay-german-deal/
Wealth is built through a relatively simple equation Wealth=Income + Investments - Lifestyle
|
|
Rank: Chief Joined: 1/3/2007 Posts: 17,371 Location: Nairobi
|
Ericsson wrote:https://pbs.twimg.com/me...rmat=jpg&name=large
A.That subject to all statutory and regulatory approvals being obtained,the sale by the company and/or its wholly owned investment subsidiaries of the following shares in the below listed target companies to Allianz Africa Holdings GmbH be approved; (i)66% shareholding of Jubilee General Insurance Limited in Kenya (ii)51% shareholding of the Jubilee Insurance Company of Burundi (iii)31% shareholding of the Jubilee Insurance Company of Uganda (iv)54.15% shareholding of Jubilee Insurance Mauritius Limited AND FURTHER,the Shareholders approve that following the sale of the aforesaid shares in the Target Companies,the Target Companies shall no longer be subsidiaries of the company. B.That the incorporation of a new subsidiary in Tanzania in preparation for the separation of the short-term general insurance business ("P&C business") of the Jubilee Insurance Company of Tanzania Limited (JICT) to be transferred to the new subsidiary leaving JICT as a medical insurer only be ratified,and the sale thereafter of 36% shareholding in the new subsidary to Allianz on the understanding that the new subsidiary will no longer be a subsidiary of the company following completion of sale be approved. C.That the incorporation of a new subsidiary in Uganda in preparation for the separation of the health insurance business currently operated by The Jubilee Insurance Company of Uganda Limited (JU) to be transferred to the new subsidiary leaving JU to operate P&C business only,be ratified. Weeh This is a fire sale. Nonsense. They got a great deal/multiple. Read the IM. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
|
|
Rank: Elder Joined: 12/4/2009 Posts: 9,256 Location: NAIROBI
|
VituVingiSana wrote:Ericsson wrote:https://pbs.twimg.com/me...rmat=jpg&name=large
A.That subject to all statutory and regulatory approvals being obtained,the sale by the company and/or its wholly owned investment subsidiaries of the following shares in the below listed target companies to Allianz Africa Holdings GmbH be approved; (i)66% shareholding of Jubilee General Insurance Limited in Kenya (ii)51% shareholding of the Jubilee Insurance Company of Burundi (iii)31% shareholding of the Jubilee Insurance Company of Uganda (iv)54.15% shareholding of Jubilee Insurance Mauritius Limited AND FURTHER,the Shareholders approve that following the sale of the aforesaid shares in the Target Companies,the Target Companies shall no longer be subsidiaries of the company. B.That the incorporation of a new subsidiary in Tanzania in preparation for the separation of the short-term general insurance business ("P&C business") of the Jubilee Insurance Company of Tanzania Limited (JICT) to be transferred to the new subsidiary leaving JICT as a medical insurer only be ratified,and the sale thereafter of 36% shareholding in the new subsidary to Allianz on the understanding that the new subsidiary will no longer be a subsidiary of the company following completion of sale be approved. C.That the incorporation of a new subsidiary in Uganda in preparation for the separation of the health insurance business currently operated by The Jubilee Insurance Company of Uganda Limited (JU) to be transferred to the new subsidiary leaving JU to operate P&C business only,be ratified. Weeh This is a fire sale. Nonsense. They got a great deal/multiple. Read the IM. Actions speak louder π than words. Time will tell who spoke nonsense . Wealth is built through a relatively simple equation Wealth=Income + Investments - Lifestyle
|
|
Rank: Chief Joined: 1/3/2007 Posts: 17,371 Location: Nairobi
|
Ericsson wrote:VituVingiSana wrote:Ericsson wrote:https://pbs.twimg.com/me...rmat=jpg&name=large
A.That subject to all statutory and regulatory approvals being obtained,the sale by the company and/or its wholly owned investment subsidiaries of the following shares in the below listed target companies to Allianz Africa Holdings GmbH be approved; (i)66% shareholding of Jubilee General Insurance Limited in Kenya (ii)51% shareholding of the Jubilee Insurance Company of Burundi (iii)31% shareholding of the Jubilee Insurance Company of Uganda (iv)54.15% shareholding of Jubilee Insurance Mauritius Limited AND FURTHER,the Shareholders approve that following the sale of the aforesaid shares in the Target Companies,the Target Companies shall no longer be subsidiaries of the company. B.That the incorporation of a new subsidiary in Tanzania in preparation for the separation of the short-term general insurance business ("P&C business") of the Jubilee Insurance Company of Tanzania Limited (JICT) to be transferred to the new subsidiary leaving JICT as a medical insurer only be ratified,and the sale thereafter of 36% shareholding in the new subsidary to Allianz on the understanding that the new subsidiary will no longer be a subsidiary of the company following completion of sale be approved. C.That the incorporation of a new subsidiary in Uganda in preparation for the separation of the health insurance business currently operated by The Jubilee Insurance Company of Uganda Limited (JU) to be transferred to the new subsidiary leaving JU to operate P&C business only,be ratified. Weeh This is a fire sale. Nonsense. They got a great deal/multiple. Read the IM. Actions speak louder π than words. Time will tell who spoke nonsense . How should we measure it? I would like to come back to it. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
|
|
Rank: Chief Joined: 1/3/2007 Posts: 17,371 Location: Nairobi
|
VituVingiSana wrote:Ericsson wrote:VituVingiSana wrote:Ericsson wrote:https://pbs.twimg.com/me...rmat=jpg&name=large
A.That subject to all statutory and regulatory approvals being obtained,the sale by the company and/or its wholly owned investment subsidiaries of the following shares in the below listed target companies to Allianz Africa Holdings GmbH be approved; (i)66% shareholding of Jubilee General Insurance Limited in Kenya (ii)51% shareholding of the Jubilee Insurance Company of Burundi (iii)31% shareholding of the Jubilee Insurance Company of Uganda (iv)54.15% shareholding of Jubilee Insurance Mauritius Limited AND FURTHER,the Shareholders approve that following the sale of the aforesaid shares in the Target Companies,the Target Companies shall no longer be subsidiaries of the company. B.That the incorporation of a new subsidiary in Tanzania in preparation for the separation of the short-term general insurance business ("P&C business") of the Jubilee Insurance Company of Tanzania Limited (JICT) to be transferred to the new subsidiary leaving JICT as a medical insurer only be ratified,and the sale thereafter of 36% shareholding in the new subsidary to Allianz on the understanding that the new subsidiary will no longer be a subsidiary of the company following completion of sale be approved. C.That the incorporation of a new subsidiary in Uganda in preparation for the separation of the health insurance business currently operated by The Jubilee Insurance Company of Uganda Limited (JU) to be transferred to the new subsidiary leaving JU to operate P&C business only,be ratified. Weeh This is a fire sale. Nonsense. They got a great deal/multiple. Read the IM. Actions speak louder π than words. Time will tell who spoke nonsense . How should we measure it? I would like to come back to it. Silence from @Ericsson? Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
|
|
Rank: Chief Joined: 1/3/2007 Posts: 17,371 Location: Nairobi
|
Good for solid firms like Jubilee. https://www.businessdail...id-rising-losses-3246202Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
|
|
Wazua
»
Investor
»
Stocks
»
JUBILEE HOLDINGS
Forum Jump
You cannot post new topics in this forum.
You cannot reply to topics in this forum.
You cannot delete your posts in this forum.
You cannot edit your posts in this forum.
You cannot create polls in this forum.
You cannot vote in polls in this forum.
|