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Sri Lanka Equity Forum » Stock Market Talk » JANASHAKTHI INSURANCE COMPANY PLC

JANASHAKTHI INSURANCE COMPANY PLC

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81JANASHAKTHI INSURANCE COMPANY PLC - Page 5 Empty Re: JANASHAKTHI INSURANCE COMPANY PLC on Fri Feb 17, 2012 6:18 pm

sriranga


Co-Admin
@Chinwi wrote:
@greedy wrote:Investment portfolio of JINS mainly consist of treasury bills and treasury bonds. During stock market boom and lower interest rates in 2010 and 2011, JINS's was not on a good side. Because they did not benefit from the stock market boom. But now the opposite happening in 2012! So... will that benefit the company in some way?

This is a very good and clever observation / understanding.
This story is same for others in the same group. CFVF, CSEC.
I think we all have knowledge to guess the outcome.

Can you remember what and how CFVF earned during 2009 ? Not from falling shares but from TB etc.

Mr. Shafter was very adamant in this case. When the shareholders pushed him last year - 2010 AGM - to invest billions they had with CFVF in shares to get better earnings in 2011/12 Twisted Evil he (with his sister & others) never showed any intention to changed his stand . He refused and continued keeping the billions in TBs and other instruments.
I think they are going to reap the benefits this time too.

Note : I have a mixture of all 3 , JINS+CFVF+CSEC in portfolios managed by me ~ 100,000.

Thanks greedy and chinwi regarding the above valuable points.

http://sharemarket-srilanka.blogspot.co.uk/

82JANASHAKTHI INSURANCE COMPANY PLC - Page 5 Empty Re: JANASHAKTHI INSURANCE COMPANY PLC on Fri Feb 17, 2012 9:35 pm

Chinwi


Associate Director - Equity Analytics
Associate Director - Equity Analytics
@sriranga wrote:
@Chinwi wrote:
@greedy wrote:Investment portfolio of JINS mainly consist of treasury bills and treasury bonds. During stock market boom and lower interest rates in 2010 and 2011, JINS's was not on a good side. Because they did not benefit from the stock market boom. But now the opposite happening in 2012! So... will that benefit the company in some way?

This is a very good and clever observation / understanding.
This story is same for others in the same group. CFVF, CSEC.
I think we all have knowledge to guess the outcome.

Can you remember what and how CFVF earned during 2009 ? Not from falling shares but from TB etc.

Mr. Shafter was very adamant in this case. When the shareholders pushed him last year - 2010 AGM - to invest billions they had with CFVF in shares to get better earnings in 2011/12 Twisted Evil he (with his sister & others) never showed any intention to changed his stand . He refused and continued keeping the billions in TBs and other instruments.
I think they are going to reap the benefits this time too.

Note : I have a mixture of all 3 , JINS+CFVF+CSEC in portfolios managed by me ~ 100,000.

Thanks greedy and chinwi regarding the above valuable points.


Somehow , we should remember TB rates were much higher than now in 2009.

83JANASHAKTHI INSURANCE COMPANY PLC - Page 5 Empty Re: JANASHAKTHI INSURANCE COMPANY PLC on Fri Feb 17, 2012 9:56 pm

Gaja


Associate Director - Equity Analytics
Associate Director - Equity Analytics
really good discussions, i hope this kind of discussions will give much positive outlook to the forum.

84JANASHAKTHI INSURANCE COMPANY PLC - Page 5 Empty Re: JANASHAKTHI INSURANCE COMPANY PLC on Sat Feb 18, 2012 2:59 pm

greedy


Manager - Equity Analytics
Manager - Equity Analytics
@Chinwi wrote:
@sriranga wrote:
@Chinwi wrote:
@greedy wrote:Investment portfolio of JINS mainly consist of treasury bills and treasury bonds. During stock market boom and lower interest rates in 2010 and 2011, JINS's was not on a good side. Because they did not benefit from the stock market boom. But now the opposite happening in 2012! So... will that benefit the company in some way?

This is a very good and clever observation / understanding.
This story is same for others in the same group. CFVF, CSEC.
I think we all have knowledge to guess the outcome.

Can you remember what and how CFVF earned during 2009 ? Not from falling shares but from TB etc.

Mr. Shafter was very adamant in this case. When the shareholders pushed him last year - 2010 AGM - to invest billions they had with CFVF in shares to get better earnings in 2011/12 Twisted Evil he (with his sister & others) never showed any intention to changed his stand . He refused and continued keeping the billions in TBs and other instruments.
I think they are going to reap the benefits this time too.

Note : I have a mixture of all 3 , JINS+CFVF+CSEC in portfolios managed by me ~ 100,000.

Thanks greedy and chinwi regarding the above valuable points.


Somehow , we should remember TB rates were much higher than now in 2009.

Agreed... Government securities attract lower rates at present compared to 2009. But it is increasing recently. We do not have the details of JINS Treasury bill and Bond Portfolio (Maturity Dates, Type of Security, Duration etc.). Therefore it'll be difficult to make a prediction. However, with the implementation of new accounting standards these details will be available in the annual reports. Making the job some what easy Smile

Treasury bill and treasury bond yield rates from primary market below....

JANASHAKTHI INSURANCE COMPANY PLC - Page 5 Treasu10



85JANASHAKTHI INSURANCE COMPANY PLC - Page 5 Empty Re: JANASHAKTHI INSURANCE COMPANY PLC on Tue Feb 21, 2012 10:58 am

Chinwi


Associate Director - Equity Analytics
Associate Director - Equity Analytics
Latest CSEC report is showing other ways.
They have had bad business than last year + over 100 million for fall in values and another 100+ million for doubtful advances creating losses at the bottom line .

86JANASHAKTHI INSURANCE COMPANY PLC - Page 5 Empty Re: JANASHAKTHI INSURANCE COMPANY PLC on Tue Feb 21, 2012 11:01 am

Gaja


Associate Director - Equity Analytics
Associate Director - Equity Analytics
@Chinwi wrote:Latest CSEC report is showing other ways.
They have had bad business than last year + over 100 million for fall in values and another 100+ million for doubtful advances creating losses at the bottom line .

http://www.cse.lk/cmt/upload_report_file/611_1329473703.pdf

87JANASHAKTHI INSURANCE COMPANY PLC - Page 5 Empty Re: JANASHAKTHI INSURANCE COMPANY PLC on Tue Feb 21, 2012 11:22 am

greedy

greedy
Manager - Equity Analytics
Manager - Equity Analytics
@Chinwi wrote:Latest CSEC report is showing other ways.
They have had bad business than last year + over 100 million for fall in values and another 100+ million for doubtful advances creating losses at the bottom line .

It's related to a fraud happened in one of their subsidiary... From the notes to the accounts;

"During the quarter, First Capital Holdings PLC detected a fraud committed on the assets of a subsidiary, First Capital Limited by a senior employee of that company. The resulting loss to First Capital Limited is estimated to be approximately Rs. 160Mn of which Rs. 29.1 Mn has been accounted for as interest income in the current financial year and has been now reversed. The balance consists of cash defrauded and income recognised in the previous financial years. First CapitalHoldings PLC has confirmed that there will be no losses to clients of the group and the resulting impact on the consolidated income statement of Dunamis Capital PLC will be approximately Rs. 105 Mn."

88JANASHAKTHI INSURANCE COMPANY PLC - Page 5 Empty Re: JANASHAKTHI INSURANCE COMPANY PLC on Tue Feb 21, 2012 11:50 am

greedy

greedy
Manager - Equity Analytics
Manager - Equity Analytics
@Chinwi wrote:Latest CSEC report is showing other ways.
They have had bad business than last year + over 100 million for fall in values and another 100+ million for doubtful advances creating losses at the bottom line .

@ Chinwi,

Can CSEC performance be compared with JINS ? I guess JINS's investment portfolio is Long Term whereas CSEC's short term (Dealing Securities). That means any dealing securities bought beginning or mid of 2011, will have lesser value as at 31/12/2011 as the year end rates were bit higher than beginning and mid of the year.

I'm not trying to say JINS better off!

89JANASHAKTHI INSURANCE COMPANY PLC - Page 5 Empty Re: JANASHAKTHI INSURANCE COMPANY PLC on Wed Feb 29, 2012 7:29 pm

godfreydayan


Equity Analytic
Equity Analytic

90JANASHAKTHI INSURANCE COMPANY PLC - Page 5 Empty Re: JANASHAKTHI INSURANCE COMPANY PLC on Wed Feb 29, 2012 7:55 pm

godfreydayan


Equity Analytic
Equity Analytic
according to the interim reports the annul EPS has dropped by 17.40%( EPS 1.75 RS) but still they can pay there usual dividend of 1 RS per share and still the PER Looks impressive at current price level ( 6.91 times)

91JANASHAKTHI INSURANCE COMPANY PLC - Page 5 Empty Re: JANASHAKTHI INSURANCE COMPANY PLC on Wed Feb 29, 2012 8:40 pm

mono

mono
Vice President - Equity Analytics
Vice President - Equity Analytics
@greedy wrote:

JANASHAKTHI INSURANCE COMPANY PLC - Page 5 Treasu10


That's an extraordinary picture. in 2006, 2007,2008 we had an inverted yield curve a sign that the bond market was expect our economy to flop in the future. Now the yield curve is positive, therefore the bond market expects our economy to grow in the future

92JANASHAKTHI INSURANCE COMPANY PLC - Page 5 Empty JINS - What's going on?! on Thu Aug 16, 2012 1:09 pm

raa


Manager - Equity Analytics
Manager - Equity Analytics
I've brought this up before but I'm reworrying about it now.

No dividend despite showing profitable results in last financial statement.

Also the due day to submit June quarter results is over and still no financial results.. Can anybody shed some light?

Do companies that reports bi-annually have a different time limit to produce their June six months results from other companies that report quarterly?

93JANASHAKTHI INSURANCE COMPANY PLC - Page 5 Empty Re: JANASHAKTHI INSURANCE COMPANY PLC on Thu Aug 16, 2012 1:23 pm

Slstock

Slstock
Director - Equity Analytics
Director - Equity Analytics
I think today and maybe tomorrow also counts within the stipulated period ( need to double check).

They have declared dividend in the 3 rd quarter before. I don't know of any surprises but since they seems to be having for treasury deposits ( from memory I could be mistaken) their other income might not be horrible.

But this delays is not good, especially for a company who reports only every 6 months

94JANASHAKTHI INSURANCE COMPANY PLC - Page 5 Empty Re: JANASHAKTHI INSURANCE COMPANY PLC on Thu Aug 16, 2012 1:55 pm

seek


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@raa wrote:I've brought this up before but I'm reworrying about it now.

No dividend despite showing profitable results in last financial statement.

Also the due day to submit June quarter results is over and still no financial results.. Can anybody shed some light?

Do companies that reports bi-annually have a different time limit to produce their June six months results from other companies that report quarterly?

Same boat.

95JANASHAKTHI INSURANCE COMPANY PLC - Page 5 Empty Re: JANASHAKTHI INSURANCE COMPANY PLC on Thu Aug 16, 2012 8:16 pm

Fresher


Moderator
Moderator
Fingers crossed. Hopefully they will compensate for the wait with something more than the 1/- which was paid last year

96JANASHAKTHI INSURANCE COMPANY PLC - Page 5 Empty Something happening with Janashakthi.. on Tue Aug 21, 2012 11:47 am

troy

troy
Moderator
Moderator
sudden up trading...

97JANASHAKTHI INSURANCE COMPANY PLC - Page 5 Empty Re: JANASHAKTHI INSURANCE COMPANY PLC on Tue Aug 21, 2012 2:09 pm

girihell


Senior Equity Analytic
Senior Equity Analytic
may be the long awaiting dividend announcement lol!

98JANASHAKTHI INSURANCE COMPANY PLC - Page 5 Empty Re: JANASHAKTHI INSURANCE COMPANY PLC on Tue Aug 21, 2012 2:11 pm

Slstock

Slstock
Director - Equity Analytics
Director - Equity Analytics
Whole group moved. JINS only followed a bit later. Their financials are due very soon. Lets see.

99JANASHAKTHI INSURANCE COMPANY PLC - Page 5 Empty Re: JANASHAKTHI INSURANCE COMPANY PLC on Tue Aug 21, 2012 2:40 pm

Malika1990

Malika1990
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
JINS paid smart dividend rate past in years, But in this year so for no dividend announcement
may be the long awaiting dividend announcement



Last edited by Malika1990 on Tue Aug 21, 2012 2:48 pm; edited 1 time in total

100JANASHAKTHI INSURANCE COMPANY PLC - Page 5 Empty Re: JANASHAKTHI INSURANCE COMPANY PLC on Tue Aug 21, 2012 2:44 pm

Slstock

Slstock
Director - Equity Analytics
Director - Equity Analytics

The least JINS management can do it to give a good dividend. This share is still trading below IPO after 4 Years!


@Malika1990 wrote:JINS paid smart dividend rate past years, But in this year so for no dividend announcement
may be the long awaiting dividend announcement

101JANASHAKTHI INSURANCE COMPANY PLC - Page 5 Empty Re: JANASHAKTHI INSURANCE COMPANY PLC on Tue Aug 21, 2012 2:50 pm

girihell


Senior Equity Analytic
Senior Equity Analytic
they should publish their quarterly financial report before the end of this month right? scratch

102JANASHAKTHI INSURANCE COMPANY PLC - Page 5 Empty Re: JANASHAKTHI INSURANCE COMPANY PLC on Tue Aug 21, 2012 2:59 pm

Slstock

Slstock
Director - Equity Analytics
Director - Equity Analytics
@girihell wrote:they should publish their quarterly financial report before the end of this month right? scratch

yes

103JANASHAKTHI INSURANCE COMPANY PLC - Page 5 Empty Re: JANASHAKTHI INSURANCE COMPANY PLC on Tue Aug 21, 2012 8:34 pm

Light of Hope


Vice President - Equity Analytics
Vice President - Equity Analytics
This is my biggest lost, hopefully some good news

104JANASHAKTHI INSURANCE COMPANY PLC - Page 5 Empty Re: JANASHAKTHI INSURANCE COMPANY PLC on Tue Aug 21, 2012 10:12 pm

smallville

smallville
Associate Director - Equity Analytics
Associate Director - Equity Analytics
@slstock wrote:
The least JINS management can do it to give a good dividend. This share is still trading below IPO after 4 Years!


@Malika1990 wrote:JINS paid smart dividend rate past years, But in this year so for no dividend announcement
may be the long awaiting dividend announcement

I found the Shafters to be really greedy over the years..

Janashakthi parent owns the majority of JINS so if Shafters wanna announce a dividend, they'll also collect some JINS at the lower levels, or the collection has already been done slowly???

However this dividend is a highly anticipated one.. The better pay at least 0.80 - 1 rupee now..

105JANASHAKTHI INSURANCE COMPANY PLC - Page 5 Empty Re: JANASHAKTHI INSURANCE COMPANY PLC on Tue Aug 21, 2012 10:17 pm

Fresher


Moderator
Moderator
@smallville wrote:
@slstock wrote:
The least JINS management can do it to give a good dividend. This share is still trading below IPO after 4 Years!


@Malika1990 wrote:JINS paid smart dividend rate past years, But in this year so for no dividend announcement
may be the long awaiting dividend announcement

I found the Shafters to be really greedy over the years..

Janashakthi parent owns the majority of JINS so if Shafters wanna announce a dividend, they'll also collect some JINS at the lower levels, or the collection has already been done slowly???

However this dividend is a highly anticipated one.. The better pay at least 0.80 - 1 rupee now..

Actually I have my hopes up that the next one will be in the range of 2.00/-

i know i think weird and too optimistic. let's see :0

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