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JUBILEE HOLDINGS
VituVingiSana
#81 Posted : Saturday, June 12, 2021 3:23:35 PM
Rank: Chief


Joined: 1/3/2007
Posts: 17,637
Location: Nairobi
Ericsson wrote:
VituVingiSana wrote:
VituVingiSana wrote:
Ericsson wrote:
VituVingiSana wrote:
Ericsson wrote:
tandich 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 πŸ”Š than words.
Time will tell who spoke nonsense .
How should we measure it?
I would like to come back to it.
Silence from @Ericsson?


Jubilee Holdings subsidiaries pre-Allianz deal
Jubilee life insurance limited (100%)
Jubilee General Insurance limited (100%)
Jubilee Health insurance limited (100%)
Jubilee Insurance Company of Uganda (65%)
Jubilee life insurance company of Uganda (65%)
Jubilee Insurance Company of Tanzania (51%)
Jubilee Life Insurance Company of Tanzania (51%)
Jubilee Insurance Company of Burundi S.A (70%)
Jubilee Life Insurance Company of Burundi S.A (70%)
Jubilee Insurance Mauritius Limited (80%)
Jubilee Financial Services Limited (100%)
Jubilee Investments Company Limited Uganda (100%)
Jubilee Investments Tanzania Limited (100%)
Jubilee Investments Burundi S.U (100%)
Jubilee Center Burundi S.P.R.L (80%)

Jubilee Holdings shareholding post-Allianz deal
Jubilee life insurance limited (100%)
Jubilee General Insurance limited (34%)
Jubilee Health insurance limited (100%)
Jubilee Insurance Company of Uganda (34%)
Jubilee life insurance company of Uganda (65%)
Jubilee Insurance Company of Tanzania (15%)
Jubilee Life Insurance Company of Tanzania (51%)
Jubilee Insurance Company of Burundi S.A (19%)
Jubilee Life Insurance Company of Burundi S.A (70%)
Jubilee Insurance Mauritius Limited (25.85%)
Jubilee Financial Services Limited (100%)
Jubilee Investments Company Limited Uganda (100%)
Jubilee Investments Tanzania Limited (100%)
Jubilee Investments Burundi S.U (100%)
Jubilee Center Burundi S.P.R.L (80%)

The following then become associates;
Jubilee General Insurance limited (34%)
Jubilee Insurance Company of Uganda (34%)
Jubilee Insurance Company of Tanzania (15%)
Jubilee Insurance Company of Burundi S.A (19%)
Jubilee Insurance Mauritius Limited (25.85%)

Jubilee Holdings Subsidiaries
Jubilee life insurance limited (100%)
Jubilee Health insurance limited (100%)
Jubilee life insurance company of Uganda (65%)
Jubilee Life Insurance Company of Tanzania (51%)
Jubilee Life Insurance Company of Burundi S.A (70%)
Jubilee Financial Services Limited (100%)
Jubilee Investments Company Limited Uganda (100%)
Jubilee Investments Tanzania Limited (100%)
Jubilee Investments Burundi S.U (100%)
Jubilee Center Burundi S.P.R.L (80%)
Doesn't answer the question "How should we measure it?"
The "it" refers to the performance of JHL after this deal and receiving 7.5bn in cash.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Ericsson
#82 Posted : Saturday, June 12, 2021 6:02:58 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,070
Location: NAIROBI
VituVingiSana wrote:
Ericsson wrote:
VituVingiSana wrote:
VituVingiSana wrote:
Ericsson wrote:
VituVingiSana wrote:
Ericsson wrote:
tandich 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 πŸ”Š than words.
Time will tell who spoke nonsense .
How should we measure it?
I would like to come back to it.
Silence from @Ericsson?


Jubilee Holdings subsidiaries pre-Allianz deal
Jubilee life insurance limited (100%)
Jubilee General Insurance limited (100%)
Jubilee Health insurance limited (100%)
Jubilee Insurance Company of Uganda (65%)
Jubilee life insurance company of Uganda (65%)
Jubilee Insurance Company of Tanzania (51%)
Jubilee Life Insurance Company of Tanzania (51%)
Jubilee Insurance Company of Burundi S.A (70%)
Jubilee Life Insurance Company of Burundi S.A (70%)
Jubilee Insurance Mauritius Limited (80%)
Jubilee Financial Services Limited (100%)
Jubilee Investments Company Limited Uganda (100%)
Jubilee Investments Tanzania Limited (100%)
Jubilee Investments Burundi S.U (100%)
Jubilee Center Burundi S.P.R.L (80%)

Jubilee Holdings shareholding post-Allianz deal
Jubilee life insurance limited (100%)
Jubilee General Insurance limited (34%)
Jubilee Health insurance limited (100%)
Jubilee Insurance Company of Uganda (34%)
Jubilee life insurance company of Uganda (65%)
Jubilee Insurance Company of Tanzania (15%)
Jubilee Life Insurance Company of Tanzania (51%)
Jubilee Insurance Company of Burundi S.A (19%)
Jubilee Life Insurance Company of Burundi S.A (70%)
Jubilee Insurance Mauritius Limited (25.85%)
Jubilee Financial Services Limited (100%)
Jubilee Investments Company Limited Uganda (100%)
Jubilee Investments Tanzania Limited (100%)
Jubilee Investments Burundi S.U (100%)
Jubilee Center Burundi S.P.R.L (80%)

The following then become associates;
Jubilee General Insurance limited (34%)
Jubilee Insurance Company of Uganda (34%)
Jubilee Insurance Company of Tanzania (15%)
Jubilee Insurance Company of Burundi S.A (19%)
Jubilee Insurance Mauritius Limited (25.85%)

Jubilee Holdings Subsidiaries
Jubilee life insurance limited (100%)
Jubilee Health insurance limited (100%)
Jubilee life insurance company of Uganda (65%)
Jubilee Life Insurance Company of Tanzania (51%)
Jubilee Life Insurance Company of Burundi S.A (70%)
Jubilee Financial Services Limited (100%)
Jubilee Investments Company Limited Uganda (100%)
Jubilee Investments Tanzania Limited (100%)
Jubilee Investments Burundi S.U (100%)
Jubilee Center Burundi S.P.R.L (80%)

Doesn't answer the question "How should we measure it?"
The "it" refers to the performance of JHL after this deal and receiving 7.5bn in cash.


Jubilee has dumped General Insurance to focus on medical,life assurance and Investments.
Their profits and dividend payout will be the measure.

According to IRA statistics for 2020 Q4,Jubilee life/long term insurance market share shrinked from 14.4% in 2019 to 13.0% as at 2020 Q4.It slipped from position 2 to 3.
ICEALION Life gained 1.1% to reach 14.5% in 2020 Q4 from 13.4% in 2019 Q4.It moved up one place from position 3 to 2.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Ericsson
#83 Posted : Monday, June 14, 2021 7:45:14 AM
Rank: Elder


Joined: 12/4/2009
Posts: 10,070
Location: NAIROBI
Ericsson wrote:
VituVingiSana wrote:
Ericsson wrote:
VituVingiSana wrote:
VituVingiSana wrote:
Ericsson wrote:
VituVingiSana wrote:
Ericsson wrote:
tandich 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 πŸ”Š than words.
Time will tell who spoke nonsense .
How should we measure it?
I would like to come back to it.
Silence from @Ericsson?


Jubilee Holdings subsidiaries pre-Allianz deal
Jubilee life insurance limited (100%)
Jubilee General Insurance limited (100%)
Jubilee Health insurance limited (100%)
Jubilee Insurance Company of Uganda (65%)
Jubilee life insurance company of Uganda (65%)
Jubilee Insurance Company of Tanzania (51%)
Jubilee Life Insurance Company of Tanzania (51%)
Jubilee Insurance Company of Burundi S.A (70%)
Jubilee Life Insurance Company of Burundi S.A (70%)
Jubilee Insurance Mauritius Limited (80%)
Jubilee Financial Services Limited (100%)
Jubilee Investments Company Limited Uganda (100%)
Jubilee Investments Tanzania Limited (100%)
Jubilee Investments Burundi S.U (100%)
Jubilee Center Burundi S.P.R.L (80%)

Jubilee Holdings shareholding post-Allianz deal
Jubilee life insurance limited (100%)
Jubilee General Insurance limited (34%)
Jubilee Health insurance limited (100%)
Jubilee Insurance Company of Uganda (34%)
Jubilee life insurance company of Uganda (65%)
Jubilee Insurance Company of Tanzania (15%)
Jubilee Life Insurance Company of Tanzania (51%)
Jubilee Insurance Company of Burundi S.A (19%)
Jubilee Life Insurance Company of Burundi S.A (70%)
Jubilee Insurance Mauritius Limited (25.85%)
Jubilee Financial Services Limited (100%)
Jubilee Investments Company Limited Uganda (100%)
Jubilee Investments Tanzania Limited (100%)
Jubilee Investments Burundi S.U (100%)
Jubilee Center Burundi S.P.R.L (80%)

The following then become associates;
Jubilee General Insurance limited (34%)
Jubilee Insurance Company of Uganda (34%)
Jubilee Insurance Company of Tanzania (15%)
Jubilee Insurance Company of Burundi S.A (19%)
Jubilee Insurance Mauritius Limited (25.85%)

Jubilee Holdings Subsidiaries
Jubilee life insurance limited (100%)
Jubilee Health insurance limited (100%)
Jubilee life insurance company of Uganda (65%)
Jubilee Life Insurance Company of Tanzania (51%)
Jubilee Life Insurance Company of Burundi S.A (70%)
Jubilee Financial Services Limited (100%)
Jubilee Investments Company Limited Uganda (100%)
Jubilee Investments Tanzania Limited (100%)
Jubilee Investments Burundi S.U (100%)
Jubilee Center Burundi S.P.R.L (80%)

Doesn't answer the question "How should we measure it?"
The "it" refers to the performance of JHL after this deal and receiving 7.5bn in cash.


Jubilee has dumped General Insurance to focus on medical,life assurance and Investments.
Their profits and dividend payout will be the measure.

According to IRA statistics for 2020 Q4,Jubilee life/long term insurance market share shrinked from 14.4% in 2019 to 13.0% as at 2020 Q4.It slipped from position 2 to 3.
ICEALION Life gained 1.1% to reach 14.5% in 2020 Q4 from 13.4% in 2019 Q4.It moved up one place from position 3 to 2.



Check the operating segment information on the annual report
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
VituVingiSana
#84 Posted : Friday, June 18, 2021 8:23:33 AM
Rank: Chief


Joined: 1/3/2007
Posts: 17,637
Location: Nairobi
https://twitter.com/Mwan...405756311178932232?s=20
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
VituVingiSana
#85 Posted : Tuesday, June 29, 2021 11:12:53 AM
Rank: Chief


Joined: 1/3/2007
Posts: 17,637
Location: Nairobi
Jubilee AGM is on.
#1 in KE, TZ and UG

PAT of JHL higher than than the total PAT of the industry in 2020 i.e. 11 firms made losses, 11 had lower PAT (vs 2019).

They are very positive about the deal with Allianz i.e. growth in profits (contribution) expected for the subsidiaries in the years to come. Also plans to grow the medical and life business. The deal with Allianz hasn't closed in its entirety given the requirement to get approvals from all regulators.

Seems there will be no special dividend but a possible bonus to boost the "Shareholders Equity" [conversion of retained earnings to paid up shares]. And a possible buyback scheme/program.

JHL has never asked for a Rights Issue and has always kept dividends at the same level or higher for each subsequent year.

Bujagali is doing well. Non-insurance income and in USD so protects against depreciation. 20% profits from non-insurance related investments.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Ericsson
#86 Posted : Wednesday, June 30, 2021 10:26:04 AM
Rank: Elder


Joined: 12/4/2009
Posts: 10,070
Location: NAIROBI
VituVingiSana wrote:
Jubilee AGM is on.
#1 in KE, TZ and UG

PAT of JHL higher than than the total PAT of the industry in 2020 i.e. 11 firms made losses, 11 had lower PAT (vs 2019).

They are very positive about the deal with Allianz i.e. growth in profits (contribution) expected for the subsidiaries in the years to come. Also plans to grow the medical and life business. The deal with Allianz hasn't closed in its entirety given the requirement to get approvals from all regulators.

Seems there will be no special dividend but a possible bonus to boost the "Shareholders Equity" [conversion of retained earnings to paid up shares]. And a possible buyback scheme/program.

JHL has never asked for a Rights Issue and has always kept dividends at the same level or higher for each subsequent year.

Bujagali is doing well. Non-insurance income and in USD so protects against depreciation. 20% profits from non-insurance related investments.


According to @coldTusker
Jubilee has the most useless board.
Low RoE with lots of cash
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
VituVingiSana
#87 Posted : Wednesday, June 30, 2021 10:52:24 AM
Rank: Chief


Joined: 1/3/2007
Posts: 17,637
Location: Nairobi
Ericsson wrote:
VituVingiSana wrote:
Jubilee AGM is on.
#1 in KE, TZ and UG

PAT of JHL higher than than the total PAT of the industry in 2020 i.e. 11 firms made losses, 11 had lower PAT (vs 2019).

They are very positive about the deal with Allianz i.e. growth in profits (contribution) expected for the subsidiaries in the years to come. Also plans to grow the medical and life business. The deal with Allianz hasn't closed in its entirety given the requirement to get approvals from all regulators.

Seems there will be no special dividend but a possible bonus to boost the "Shareholders Equity" [conversion of retained earnings to paid up shares]. And a possible buyback scheme/program.

JHL has never asked for a Rights Issue and has always kept dividends at the same level or higher for each subsequent year.

Bujagali is doing well. Non-insurance income and in USD so protects against depreciation. 20% profits from non-insurance related investments.


According to @coldTusker
Jubilee has the most useless board.
Low RoE with lots of cash
Link?
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Ericsson
#88 Posted : Wednesday, June 30, 2021 11:32:41 AM
Rank: Elder


Joined: 12/4/2009
Posts: 10,070
Location: NAIROBI
VituVingiSana wrote:
Ericsson wrote:
VituVingiSana wrote:
Jubilee AGM is on.
#1 in KE, TZ and UG

PAT of JHL higher than than the total PAT of the industry in 2020 i.e. 11 firms made losses, 11 had lower PAT (vs 2019).

They are very positive about the deal with Allianz i.e. growth in profits (contribution) expected for the subsidiaries in the years to come. Also plans to grow the medical and life business. The deal with Allianz hasn't closed in its entirety given the requirement to get approvals from all regulators.

Seems there will be no special dividend but a possible bonus to boost the "Shareholders Equity" [conversion of retained earnings to paid up shares]. And a possible buyback scheme/program.

JHL has never asked for a Rights Issue and has always kept dividends at the same level or higher for each subsequent year.

Bujagali is doing well. Non-insurance income and in USD so protects against depreciation. 20% profits from non-insurance related investments.


According to @coldTusker
Jubilee has the most useless board.
Low RoE with lots of cash
Link?



https://twitter.com/cold...atus/1410136412247277569
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
VituVingiSana
#89 Posted : Wednesday, June 30, 2021 1:05:16 PM
Rank: Chief


Joined: 1/3/2007
Posts: 17,637
Location: Nairobi
Ericsson wrote:
VituVingiSana wrote:
Ericsson wrote:
[quote=VituVingiSana]Jubilee AGM is on.
#1 in KE, TZ and UG

PAT of JHL higher than than the total PAT of the industry in 2020 i.e. 11 firms made losses, 11 had lower PAT (vs 2019).

They are very positive about the deal with Allianz i.e. growth in profits (contribution) expected for the subsidiaries in the years to come. Also plans to grow the medical and life business. The deal with Allianz hasn't closed in its entirety given the requirement to get approvals from all regulators.

Seems there will be no special dividend but a possible bonus to boost the "Shareholders Equity" [conversion of retained earnings to paid up shares]. And a possible buyback scheme/program.

JHL has never asked for a Rights Issue and has always kept dividends at the same level or higher for each subsequent year.

Bujagali is doing well. Non-insurance income and in USD so protects against depreciation. 20% profits from non-insurance related investments.


According to @coldTusker
Jubilee has the most useless board.
Low RoE with lots of cash
Link?



https://twitter.com/cold...tus/1410136412247277569[/quote] We unasoma vitu vyako Laughing out loudly Laughing out loudly Laughing out loudly

The Trading Room @tradingroomke
Replying to @AmbokoJH @MwangoCapital and 9 others
DTB shareholders hoping for something to pop up and spice up trading. Smiling face with open mouth and cold sweat
10:18 AM · Jun 30, 2021·Twitter Web App
1 Retweet
4 Likes

coldtusker
Tweet your reply

Reply

coldtusker @coldtusker
· 2h
Replying to @tradingroomke

@AmbokoJH and 9 others
Most useless board.
Low RoE but sitting on cash.

I read the entire thread and the reference seems to be DTB not Jubilee.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Ericsson
#90 Posted : Friday, August 27, 2021 4:25:37 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,070
Location: NAIROBI
Jubilee Holdings HY 2021
--Gross written premiums up by 10% to ksh.22.2bn up from 20.2bn.
--Net insurance benefits and claims up 42% to ksh.12.2bn from 8.6bn
--Profit from operating activities ksh.3.13bn
--Gain on disposal of part subsidiary ksh.2.07bn
--Group profit before tax ksh.5.2bn
Interim dividend ksh.1 per share.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Ericsson
#91 Posted : Monday, October 18, 2021 4:55:02 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,070
Location: NAIROBI
85% of Jubilee Holdings investments is in government securities.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
maka
#92 Posted : Monday, October 18, 2021 5:04:12 PM
Rank: Elder


Joined: 4/22/2010
Posts: 11,495
Location: Nairobi
Ericsson wrote:
85% of Jubilee Holdings investments is in government securities.


Huge figure.....Think
possunt quia posse videntur
Ebenyo
#93 Posted : Tuesday, October 19, 2021 11:40:10 AM
Rank: Veteran


Joined: 4/4/2016
Posts: 1,992
Location: Kitale
Ericsson wrote:
85% of Jubilee Holdings investments is in government securities.


They should diversify to stocks and real estate.
Towards the goal of financial freedom
maka
#94 Posted : Tuesday, October 19, 2021 12:07:49 PM
Rank: Elder


Joined: 4/22/2010
Posts: 11,495
Location: Nairobi
Ebenyo wrote:
Ericsson wrote:
85% of Jubilee Holdings investments is in government securities.


They should diversify to stocks and real estate.


Not now...
possunt quia posse videntur
VituVingiSana
#95 Posted : Tuesday, October 19, 2021 8:33:12 PM
Rank: Chief


Joined: 1/3/2007
Posts: 17,637
Location: Nairobi
maka wrote:
Ebenyo wrote:
Ericsson wrote:
85% of Jubilee Holdings investments is in government securities.

They should diversify to stocks and real estate.

Not now...
It's about the price of entry. If they can load up on cheap (good dividend payers) stocks today then the payoff will come in a few years. Firms like JHL can't look at small stakes but large purchases so they have to start accumulating NOW rather than wait for a decrease in price on small/light trades.

You and I can wait for a slight cheaper price since we buy "few" shares but JHL needs to deploy billions. I am also OK with them buying/holding some IFBs yielding 12.5% tax-free.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
My 2 cents
#96 Posted : Tuesday, October 19, 2021 10:02:07 PM
Rank: Member


Joined: 6/2/2010
Posts: 692
VituVingiSana wrote:
maka wrote:
Ebenyo wrote:
Ericsson wrote:
85% of Jubilee Holdings investments is in government securities.

They should diversify to stocks and real estate.

Not now...
It's about the price of entry. If they can load up on cheap (good dividend payers) stocks today then the payoff will come in a few years. Firms like JHL can't look at small stakes but large purchases so they have to start accumulating NOW rather than wait for a decrease in price on small/light trades.

You and I can wait for a slight cheaper price since we buy "few" shares but JHL needs to deploy billions. I am also OK with them buying/holding some IFBs yielding 12.5% tax-free.


They can start with buying DTB shares - super cheap. And they are affiliated to DTB anyways.
Ericsson
#97 Posted : Tuesday, October 19, 2021 10:08:29 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,070
Location: NAIROBI
My 2 cents wrote:
VituVingiSana wrote:
maka wrote:
Ebenyo wrote:
Ericsson wrote:
85% of Jubilee Holdings investments is in government securities.

They should diversify to stocks and real estate.

Not now...
It's about the price of entry. If they can load up on cheap (good dividend payers) stocks today then the payoff will come in a few years. Firms like JHL can't look at small stakes but large purchases so they have to start accumulating NOW rather than wait for a decrease in price on small/light trades.

You and I can wait for a slight cheaper price since we buy "few" shares but JHL needs to deploy billions. I am also OK with them buying/holding some IFBs yielding 12.5% tax-free.


They can start with buying DTB shares - super cheap. And they are affiliated to DTB anyways.

They already own a stake in DTB
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
VituVingiSana
#98 Posted : Tuesday, October 19, 2021 10:44:38 PM
Rank: Chief


Joined: 1/3/2007
Posts: 17,637
Location: Nairobi
Ericsson wrote:
My 2 cents wrote:
VituVingiSana wrote:
maka wrote:
Ebenyo wrote:
Ericsson wrote:
85% of Jubilee Holdings investments is in government securities.

They should diversify to stocks and real estate.

Not now...
It's about the price of entry. If they can load up on cheap (good dividend payers) stocks today then the payoff will come in a few years. Firms like JHL can't look at small stakes but large purchases so they have to start accumulating NOW rather than wait for a decrease in price on small/light trades.

You and I can wait for a slight cheaper price since we buy "few" shares but JHL needs to deploy billions. I am also OK with them buying/holding some IFBs yielding 12.5% tax-free.


They can start with buying DTB shares - super cheap. And they are affiliated to DTB anyways.

They already own a stake in DTB
So? Buy more. Heck, if they can [regulations] they should buy 25% - 100% of the bank out and instill discipline and sense!

Of course, the 51% owners are AKFED/AKDN who are also the primary shareholders of Jubilee.

They need to send some JHL people to kick DTB's management.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Ericsson
#99 Posted : Tuesday, October 19, 2021 11:41:20 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,070
Location: NAIROBI
VituVingiSana wrote:
Ericsson wrote:
My 2 cents wrote:
VituVingiSana wrote:
maka wrote:
Ebenyo wrote:
Ericsson wrote:
85% of Jubilee Holdings investments is in government securities.

They should diversify to stocks and real estate.

Not now...
It's about the price of entry. If they can load up on cheap (good dividend payers) stocks today then the payoff will come in a few years. Firms like JHL can't look at small stakes but large purchases so they have to start accumulating NOW rather than wait for a decrease in price on small/light trades.

You and I can wait for a slight cheaper price since we buy "few" shares but JHL needs to deploy billions. I am also OK with them buying/holding some IFBs yielding 12.5% tax-free.


They can start with buying DTB shares - super cheap. And they are affiliated to DTB anyways.

They already own a stake in DTB
So? Buy more. Heck, if they can [regulations] they should buy 25% - 100% of the bank out and instill discipline and sense!

Of course, the 51% owners are AKFED/AKDN who are also the primary shareholders of Jubilee.

They need to send some JHL people to kick DTB's management.

πŸ˜‚πŸ˜‚πŸ˜‚πŸ˜‚
If wishes were horses
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Ericsson
#100 Posted : Wednesday, October 20, 2021 10:45:44 AM
Rank: Elder


Joined: 12/4/2009
Posts: 10,070
Location: NAIROBI
VituVingiSana wrote:
Ericsson wrote:
My 2 cents wrote:
VituVingiSana wrote:
maka wrote:
Ebenyo wrote:
Ericsson wrote:
85% of Jubilee Holdings investments is in government securities.

They should diversify to stocks and real estate.

Not now...
It's about the price of entry. If they can load up on cheap (good dividend payers) stocks today then the payoff will come in a few years. Firms like JHL can't look at small stakes but large purchases so they have to start accumulating NOW rather than wait for a decrease in price on small/light trades.

You and I can wait for a slight cheaper price since we buy "few" shares but JHL needs to deploy billions. I am also OK with them buying/holding some IFBs yielding 12.5% tax-free.


They can start with buying DTB shares - super cheap. And they are affiliated to DTB anyways.

They already own a stake in DTB
So? Buy more. Heck, if they can [regulations] they should buy 25% - 100% of the bank out and instill discipline and sense!

Of course, the 51% owners are AKFED/AKDN who are also the primary shareholders of Jubilee.

They need to send some JHL people to kick DTB's management.


JHL is building a stake in Kenya Re
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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