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

JANASHAKTHI INSURANCE COMPANY PLC (JINS.N0000)

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m2_yapa


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
i like MTD walkers. but i can c that all are bullish on KAPI. i do not like that. i am trying to find some few baggers with volcanic nature. i was succsess with REEF, HVA,DPL,TAFL. not i hv rotate them to some other. it ll take some time. u need to be patiant. chooaing a future winning stock is not easy.
i am studing abt LGL. reading watching theri future agendas. advertiesments. role of HRM. Finacial methamatics.
lets try.
keep this in ur mind when u r buying VPEL i am in a mode to sell them. iam converting that to ASIY.

MoneyLover


Manager - Equity Analytics
Manager - Equity Analytics
As announced last week, JINS to sell its 100% holding in Janashakthi General Insurance Ltd (JGIL) to Allianz at an agreed sales value of Rs. 16.4 Bn. 

According to latest available annual report of JINS, the investment in its subsidiary JGIL accounted at Rs. 6.84 Bn. Then capital gain for JINS from this sale is Rs. 9.56 Bn, or equivalent to capital gain per each JINS share is Rs. 17.56. (Total No of JINS shares only 544.5 Mn)

Before this deal, Net Assets per share of JINS at Company level was Rs. 14.27 (Group level Rs. 16.67) and share JINS was traded around Rs. 16.00 -17.00. 

With this capital gains, Net Assets per share of JINS at company level has been rise to Rs. 31.83.

What is the near-term target price of JINS ??? 
 

https://cdn.cse.lk/cmt/uploadAnnounceFiles/1091517573253_841.pdf

glad


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
JINS, Will it be a repurchase of shares by the company or will they distribute the gain by way of a special dividend and continue in CSE?
What do you think?

MoneyLover


Manager - Equity Analytics
Manager - Equity Analytics
@glad wrote:JINS, Will it be a repurchase of shares by the company or will they distribute the gain by way of a special dividend and continue in CSE?
What do you think?

JINS has already confirmed that they will go for share buy-back in order to distribute capital gains among JINS shareholders (where over 75% owned by Janashakthi PLC owned by Schaffter family).

What will be the target share price once the sale of JGIL is done?

180JANASHAKTHI INSURANCE COMPANY PLC (JINS.N0000) - Page 8 Empty JINS Revised valuation Tue Feb 06, 2018 9:50 pm

MoneyLover


Manager - Equity Analytics
Manager - Equity Analytics
Asia Securities has value JINS stock at Rs. 30/-


Please share any information about other brokers' valuations/recommendations on JINS??

samaritan


Moderator
Moderator
BidQtyBidPrice
227.30
52227.20
50727.10
51227.00
226.60
AskPriceAskQty
27.401,000
27.50580
27.802,497
27.9010,756
28.00181,650

GET AN IDEA FROM ABOVE BID & ASK PRICE.

NOSE DIVE TOWARDS 20 IS INEVITABLE!


_________________




The biggest risk in life is not taking any risk at all.

prasa2004


Manager - Equity Analytics
Manager - Equity Analytics
samaritan
Your prediction utter failure. JINS surpassed 28 with such an ease. Cannot go by order book

Discl- Do not hold JINS

samaritan


Moderator
Moderator
@prasa2004 wrote:samaritan
Your prediction utter failure. JINS surpassed 28 with such an ease. Cannot go by order book

Discl- Do not hold JINS
Remember COCR too immediately reacted the same way and came down.

JINS being low priced the manipulators are in action. Many innocent investors are bound to lose in the near future.


_________________




The biggest risk in life is not taking any risk at all.

EquityChamp

EquityChamp
Moderator
Moderator
Do a simple calculation and see the buyback price where you can come to a expectation of buy back price.
Sales proceeds of 16.4Bn to generate 30/- cash per share and if they utilize half of them to buy back shares at the ratio of 1:2 then they will offer you 30/-
Therefore the current market price seems came close to the expected cut-off price.

EquityChamp

EquityChamp
Moderator
Moderator
See now 30/- is achieved. cheers

186JANASHAKTHI INSURANCE COMPANY PLC (JINS.N0000) - Page 8 Empty janashakthi shares Mon Mar 26, 2018 11:16 pm

zenobia


Manager - Equity Analytics
Manager - Equity Analytics
did you all see this cse circular?
https://www.cse.lk/home/announcement-details/19779#st-19779

zenobia


Manager - Equity Analytics
Manager - Equity Analytics
https://cdn.cse.lk/cmt/upload_cse_announcements/561522059933_.pdf

glad


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@zenobia wrote:did you all see this cse circular?
https://www.cse.lk/home/announcement-details/19779#st-19779
Any idea what this is about?

EquityChamp

EquityChamp
Moderator
Moderator
Janashakthi Insurance has conducted a share buy back exercise recently. Janashakthi PLC is the holding company of Janashakthi Insurance and they are entitled for a 76% stake of the buy back proceeds. Now the holding company is going to undertake a Repurchase exercise utilising those money's.

zenobia


Manager - Equity Analytics
Manager - Equity Analytics
but the price per share.....612.27 rupees!!
is that a typo error or for real?!
and the offer to buy back at that price opened and closed on 26th.
please read this particular circular carefully

Agape


Senior Equity Analytic
Senior Equity Analytic
This buyback is by JANA-Janashakthi Plc and not JINS-Janashakthi Insurance Plc
JANA is the HoldCo of JINS -So what JANA got as proceeds from the buyback from JINS they are now reciprocrating to its own shareholders-Whom I believe are the individual Schaffter Family memebers only

Prasanna Hw


Stock Trader
After the buy back the JINS trade around it's NAV. Will there be a possibility of going up further.

EquityChamp

EquityChamp
Moderator
Moderator
Janashakthi Insurance share price movement in future will depend on how their life business is going to perform in future. So better to study their next couple of quarter results before entering.

Prasanna Hw


Stock Trader
But still the dividend announcement is spending. With that can't we expect a upward trend. Pls comment.

Ranil Ranasinghe

Ranil Ranasinghe
Stock Trader
JINS repurchase of shares has an ambiguity. Though they said repurchase at 36.70, I feel they have really repurchased a share at 32.30 and paid a dividend of 4.40 and deducted dividend tax 10%. Further in reality, if they repurchased first then they can't pay a dividend. First they have given a dividend and then repurchased. Isn't it?

In this circumstance they have given 4.40 dividend to repurchased share, shouldn't they also give the same amount or more to existing shares of JINS...Your thoughts...

DS Wijesinghe


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@EquityChamp wrote:Janashakthi Insurance share price movement in future will depend on how their life business is going to perform in future. So better to study their next couple of quarter results before entering.

I agree with EC if anyone is going buy JINS as a medium to long term investment.

For a long time JINS owners Schaffter family was looking to sell their Life insurance segment as it wasn’t doing well compared to industry growth, so much so even new entrants surpassed them. There was a time they were the 5th largest life insurer but now they are in the 7th spot with Softlogic Life and HNB Assurance dislodging JINS. Within the next 5 years LOLC Life and Arpico Life too might surpass JINS.

Finally they sold General business which was comparatively doing very well, as their efforts to rid Life business failed.

In 2017 Life insurance industry grew by 12% but JINS life business contracted. This is what their MD says “The ongoing restructuring effort of our Life business is reaching conclusion and is expected to bear fruit in the foreseeable future”.

They also don’t seem to have good, proven life driven CEO and management to run their life business compared to others in the industry. As Schaffters are weak in running life compared to General, they will shop for top talent to run the JINS. They have hired many such in the past for life business but all those efforts have given back the company very little. The latest is the resignation of Life CEO who was replaced by a considerably weaker CEO when it comes to running life business.

The possibility of talented life driven CEO (Local) and new management would be impossible as good professionals will fear that chaffters will ultimately sell off.

So watch their performance within the next 2 quarters or perhaps even next 4 quarters before you make a substantial investment in JINS. If you are looking to buy a good insurance company HNB owned HNB Assurance, JKH owned Union Assurance, Richard Pieris Group owned Arpico Life, People’s Leasing (People’s Bank ultimate owner) owned People’s Insurance and Ceylinco are also worth looking at and analyzing.

EquityChamp

EquityChamp
Moderator
Moderator
HASU and CTCE definitely showing good colors and safe investments for medium term to long term investors.

glad


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@EquityChamp wrote:HASU and CTCE definitely showing good colors and safe investments for medium term to long term investors.
Concerned about CTCE's non compliance of public share holding?
Will they delist?

EquityChamp

EquityChamp
Moderator
Moderator
@glad wrote:
@EquityChamp wrote:HASU and CTCE definitely showing good colors and safe investments for medium term to long term investors.
Concerned about CTCE's non compliance of public share holding?
Will they delist?
If that is the case then there will be lot of delistings. I think CSE will arrange an alternative.

DS Wijesinghe


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
I missed AIA Insurance. It is promising. They may not be able declare a similar dividend next Financial year but the trend of high dividend payouts to shReholders will continue.

AIA is a Profit Driven Shareholder friendly global life insurance company.

EquityChamp

EquityChamp
Moderator
Moderator
CYCLE trading above 400 even after Xd. I would love to see it above 500 in the medium term.

DS Wijesinghe


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
Another insurance stock, JKH owned  Union Assurance (UAL) which traded @ 160/- on 27th Feb 2018 today went over Rs. 190/- XD.
(post dividend of Rs. 18/-)

DS Wijesinghe


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
EC your prediction on AIA that it could be trading over Rs. 500/- would perhaps materialise soon,
UAL touched Rs. 225/- today.
When you look at the performance of HASU in the last quarter, there is every possibility this HNB Bank owned HNB Assurance too will be moving up rapidly soon or later. It was trading close to Rs. 80/- not so long ago and today trading around Rs. 100/-

204JANASHAKTHI INSURANCE COMPANY PLC (JINS.N0000) - Page 8 Empty JANASHAKTHI INSURANCE COMPANY PLC Wed Feb 20, 2019 5:46 am

cheetah


Senior Equity Analytic
Senior Equity Analytic
huge dividend will come from jins this time.

205JANASHAKTHI INSURANCE COMPANY PLC (JINS.N0000) - Page 8 Empty JANASHAKTHI Sat Jul 27, 2019 8:20 pm

Winner123


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
with the sale of cfvf janashakthi will fly like a rocket. Dont be too late. Get in to the bus early.
NAV of 41.8 will exceed from a considerable amount.

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