If JINS is sold

Backstage · 1 If JINS is sold Wed Jun 19, 2013 11:48 am

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If JINS is sold what would be its price ? 25/= ? 30/= ?

This is just for curiosity, not to start a rumor.
(I hold JINS )

Jiggysaurus · 2 Re: If JINS is sold Wed Jun 19, 2013 11:57 am

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Backstage wrote:If JINS is sold what would be its price ? 25/= ? 30/= ?

This is just for curiosity, not to start a rumor.
(I hold JINS )

If the shafters stop shafting and decide to sell 22 (10x EPS) would be a reasonable price.

rainmaker · 3 Re: If JINS is sold Wed Jun 19, 2013 12:24 pm

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These guys make profits and distribute half of it very year. If they didn't pay a dividend the price would go up by more because of the NAV increase.

In the past 5 years alone they must have distributed close to 2 billion rupees without interest. With interest it would be more than 3 billion.

The NAV of distributed profits is about 10/= per share..... Note these are just rough calculations

The Alchemist · 4 Re: If JINS is sold Wed Jun 19, 2013 12:47 pm

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In the scenario the Schaffters want to sell a Controlling Interest in Jins, they can easily get minimum 15 times earnings multiple Price i.e. approx Rs 30 - Rs 33.
Just see the minority interests p/e's of other quoted Insurance companies trading - 10,15,20 times earnings.
For most Company's, a controlling stake will command a premium p/e for eg MORI deal done at nearly 17 times trailing 2013 earnings.
I dont have any Jins !

rainmaker · 5 Re: If JINS is sold Wed Jun 19, 2013 2:44 pm

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A bit steep given they do not have large amount of assets under management.

I believe DIST and SAMP are looking to buy something

How is HASU?

Antonym · 6 Re: If JINS is sold Wed Jun 19, 2013 11:16 pm

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Backstage wrote:If JINS is sold what would be its price ? 25/= ? 30/= ?

This is just for curiosity, not to start a rumor.
(I hold JINS )

I hold JINS too. It's a good share, but I would be willing to sell at Rs 20... Steady dividend of Rs 1, every year since 2010... EPS: Rs 2.20 for 2012.

I bought it as a defensive stock when the yield was just under 9%. I would sell when the yield drops to 5~6%, i.e. at Rs 20 or thereabouts.

Backstage · 7 Re: If JINS is sold Thu Jun 20, 2013 10:29 am

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Antonym wrote:

Backstage wrote:If JINS is sold what would be its price ? 25/= ? 30/= ?

This is just for curiosity, not to start a rumor.
(I hold JINS )

I hold JINS too. It's a good share, but I would be willing to sell at Rs 20... Steady dividend of Rs 1, every year since 2010... EPS: Rs 2.20 for 2012.

I bought it as a defensive stock when the yield was just under 9%. I would sell when the yield drops to 5~6%, i.e. at Rs 20 or thereabouts.

******************

Anto, the question was how much the Schafters would want/get if selling their controlling interests. Jiggy sez 22/= Alchem 30/= + and Rain .... welllll.....

traderathome · 8 Re: If JINS is sold Fri Jun 21, 2013 12:36 pm

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12 is a good BUY

m2_yapa · 9 Re: If JINS is sold Sat Jun 22, 2013 12:39 pm

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During their IPO i bought 10,000 shares @ 12. Now They are almost going to completed paying 50% of IPO money rupees to me through devident.(Ruppee depreciation not calculated.) .
I also hold another 10000 @6 So my AVE is 9@ 20,000.
That is the value of Investment.