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FINANCIAL CHRONICLE™ » FINANCIAL CHRONICLE™ » If JINS is sold

If JINS is sold

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

Backstage

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

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

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

Jiggysaurus

Jiggysaurus
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
@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.

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

rainmaker


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
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

4If JINS is sold Empty Re: If JINS is sold Wed Jun 19, 2013 12:47 pm

The Alchemist


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
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 !

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

rainmaker


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
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?

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

Antonym

Antonym
Vice President - Equity Analytics
Vice President - Equity Analytics
@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.

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

Backstage

Backstage
Moderator
Moderator
@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.....

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

traderathome

traderathome
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
12 is a good BUY

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

m2_yapa

m2_yapa
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
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.

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