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FINANCIAL CHRONICLE™ » FINANCIAL CHRONICLE™ » JANASHAKTHI INSURANCE COMPANY PLC (JINS.N0000)

JANASHAKTHI INSURANCE COMPANY PLC (JINS.N0000)

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BullionStock

BullionStock
Senior Equity Analytic
Senior Equity Analytic
Janashakthi Insurance PLC is a Sri Lanka-based insurance company. The Company is engaged in both life insurance and non-life insurance businesses. The Company's product portfolio consists of motor insurance, non motor insurance and life insurance. Its motor insurance includes motor category, which consists of products, such as Full option. The Company's non motor insurance consists of product categories, including engineering, which consists of Contractors All Risk, Election All Risk, Machinery Break Down and Plant All Risk, among others; marine, which consists of Marine Cargo, and Hull and machinery, among others; health, which consists of Janashakthi Pay direct and Janashakthi Premier Medical, and miscellaneous, which consists of Employee protection. Its life insurance consists of product categories, including Janashakthi Life Unlimited and Janashakthi Jeevitha Vardana. Its general insurance consists of personal and business. The Company also offers a range of e-services.

Can anybody elaborate the JINS .

What is its potential price point ?

dhamm


Manager - Equity Analytics
Manager - Equity Analytics
EPS for the first two Qtrs is 0.4. If they produce more than 1/= EPS for yr, its worth more than 20. And people waiting for a dividend from JINS also. If they announce a dividend, the price will shoot. Hope this helps.

Gaja


Associate Director - Equity Analytics
Associate Director - Equity Analytics
for me ASIR, AMSL & JINS for stuck in this price level for a long period of time. Anybody have idea about it

bliss

bliss
Senior Equity Analytic
Senior Equity Analytic
same as with me...holdin JINS now for more than 6 months....wil wait another 6 months....

Slstock

Slstock
Director - Equity Analytics
Director - Equity Analytics
@bliss wrote:same as with me...holdin JINS now for more than 6 months....wil wait another 6 months....

I have been holding for over 2.5 years. Bought some at IPO at Rs 12 then again at around Rs 15-16 last year. It is testing my patience but their dividend were something to lookout for. Let see they will do justice to their share holders;. Their last quarter EPS was not the greatest though they were apparently the market leader in the sector. Let hope all of our sake this quarter they have done well.

Slstock

Slstock
Director - Equity Analytics
Director - Equity Analytics
@slstock wrote:
@bliss wrote:same as with me...holdin JINS now for more than 6 months....wil wait another 6 months....

I have been holding for over 2.5 years. Bought some at IPO at Rs 12 then again at around Rs 15-16 last year. It is testing my patience but their dividend were something to lookout for. Let see they will do justice to their share holders;. Their last quarter EPS was not the greatest though they were apparently the market leader in the sector. Let hope all of our sake this quarter they have done well.

I have lost so many opportunies holding this share where I could have invested the same in another. But... Since i waited 2.5 years I guess I will wait more until it doubles at least Twisted Evil

KDS

KDS
Senior Equity Analytic
Senior Equity Analytic
JINS is better compared with ASIR & AMSL. Because JINs has been giving good dividends time to time while the price also has appreciated to some extent. But the ASIR & AMSL are stuck with the price appreciation part. Its in the Rs. 9 levels more than a year.

The main reason for the ASIR and AMSL not performing may be due to Softlogic holdings is not allowing the price to appreciate as they want more share (50% +) in order to command the company. With the listing of Softlogic this shares have tendency to go up as per my opinion.

econ

econ
Global Moderator
I think their marketing strategy in CSE is not that good.
many loss making companies trade at very high prices but JINS still trade around 16 .. only 4 rupees up from 2008 IPO..

BullionStock

BullionStock
Senior Equity Analytic
Senior Equity Analytic
Thanks everyone for sharing more about JINS..

So I understand now this stock behaviour in CSE..
I think it more suit for long-term investors .

As correctly said by many of you with your experience of holding onto it.

10JANASHAKTHI INSURANCE COMPANY PLC (JINS.N0000) Empty This is one Company with Lack Luster Sat Feb 05, 2011 6:27 pm

Rocky

Rocky
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
These sort of companies tend to be taken over eventually.
The staff turnover was very high during the past 2-3 years.
Many due to fraud and other reasons.
Speaks a lot about the ethics and controls within the company.

Also the aggressive marketing and discounting on premiums were taking place to counter the competition.
Continental Insurance (run by Harry J) I am told are even worse. The premiums are rock bottom in order to break into the scene.

Its quite possible that GREG or for that matter HJ may takeover to consolidate their holdings and business share.

mono

mono
Vice President - Equity Analytics
Vice President - Equity Analytics
hybrid_OS wrote:These sort of companies tend to be taken over eventually.
The staff turnover was very high during the past 2-3 years.
Many due to fraud and other reasons.
Speaks a lot about the ethics and controls within the company.

Also the aggressive marketing and discounting on premiums were taking place to counter the competition.
Continental Insurance (run by Harry J) I am told are even worse. The premiums are rock bottom in order to break into the scene.

Its quite possible that GREG or for that matter HJ may takeover to consolidate their holdings and business share.


no one is taking over JINS. Do you guys think schaffters will just roll over they have majority holding and have been consolidating it even further since august. I think they now have around 703% of jins under janashakthi limited.

Rocky

Rocky
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
Do you think the Shafter Boys are the Insurance Business type?

They are clean collared MEGA Players. They have been in the scene before GREG/ERI.
What goes on behind doors is a mystery!!

econ

econ
Global Moderator
It is highly unlikely that shaffters sell #JINS.
It is the main business of them. so how can they survive without their main business.

Rocky

Rocky
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
I respect your views on JINS.
But.. Having control on the company by Shafters gives them more reason to merger or transfer of ownership.
How many MEGA Insurance players are operating in SL!

Too crowded for these big guys. Best is to merger to obtain synergies of scale.

mono

mono
Vice President - Equity Analytics
Vice President - Equity Analytics
I highly doubt they will dilute their holding in their major business by going for a merger with someone else.

Gaja


Associate Director - Equity Analytics
Associate Director - Equity Analytics
i am not sure about their future plans, but it seems they dispose unrelated business and increase their holding on their core business

dr aruna


Equity Analytic
Equity Analytic
hi
i think jins is undervalued share . EPS 2.21 year . assets 8.80 RS ,trading at RS 17 . so PE 7.7 .
every year they are giving two divident which are most atractive . what your comments on this

Jayasri


Stock Trader
sector PER = 12.91
JINS EPS = 2.12

Valuation Based on PER is
27.3692

dr aruna


Equity Analytic
Equity Analytic
[quote="Jayasri"]sector PER = 12.91
JINS EPS = 2.12

Valuation Based on PER is
27.3692
[/qu

thanks .thats mean jins have lost of potentials to move even upto RS 27 . now trading at RS

17

SL.Market

SL.Market
Vice President - Equity Analytics
Vice President - Equity Analytics
@Jayasri wrote:sector PER = 12.91
JINS EPS = 2.12

Valuation Based on PER is
27.3692

this should be trading above 20 in this market.... i think soon this achieve where it should be and i m holding and still buying

banarahu

banarahu
Manager - Equity Analytics
Manager - Equity Analytics
After dividend JINS one of the top losers today... Sad

uditha9


Manager - Equity Analytics
Manager - Equity Analytics
[quote="dr aruna"]hi
i think jins is undervalued share . EPS 2.21 year . assets 8.80 RS ,trading at RS 17 . so PE 7.7 .
every year they are giving two divident which are most atractive . what your comments on this
[ /quote]

another factor that determines the price is the integrity of the director board

TortoizePlus

TortoizePlus
Manager - Equity Analytics
Manager - Equity Analytics
This is one of fundamentally sound share that did not move in this bull market to match with its performance. I don't know whether someone purposely control the share price. I dispose this share after holding sometime as it was failure to generate capital gain that I expected from it. But I agree with all comments as this a share that should move

smalta

smalta
Senior Equity Analytic
Senior Equity Analytic
i too am holding to this and with hopes to buy if i had more money to invest

the things which make me attract to them r there steady growth and the management.
plus this has the highest share in out of western province as i heard
and the 3rd highest share in insurance market from the whole country (i believe lately NDB aviva is performing more less when comparing to janashakthi and other who up in the list are of course sri lanka insuerance and ceylinco )

the below is only whot i think
as i heard harry J is considering to get in to insurance business back after he lost SL insurance and after continential does not performed as he hope so he can do 2 things since he has money in hand
either he can re invest more money to continential insurance or take over a company which has more market share (and merge the continental with it or keep both separately) so if he consider to take over janashakthi will be a good choice schafters are much more like buying and selling strategy Very Happy

please consider this is only what i think after the way things are happening and i dont know how much of this will be true just thought to share with u guys so do ur own analysis before going forward

25JANASHAKTHI INSURANCE COMPANY PLC (JINS.N0000) Empty confused Sun Apr 10, 2011 7:46 am

jake

jake
Equity Analytic
Equity Analytic
@smalta wrote:
the things which make me attract to them r there steady growth and the management.

What is that attractive in their management? Shocked

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