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

JANASHAKTHI INSURANCE COMPANY PLC (JINS.N0000)

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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


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


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

30JANASHAKTHI INSURANCE COMPANY PLC (JINS.N0000) - Page 2 Empty confused Sun Apr 10, 2011 7:46 am

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

RockStock


Manager - Equity Analytics
Manager - Equity Analytics
Did they have some legal issue regarding their accounts some years back.does anyone one remember what really happaened,is it the reason for lesser attraction of JINS

Slstock

Slstock
Director - Equity Analytics
Director - Equity Analytics
@RockStock wrote:Did they have some legal issue regarding their accounts some years back.does anyone one remember what really happaened,is it the reason for lesser attraction of JINS

All in the history and issue was in 2009 which was resolved.

Happened in May 2009.
"The suspension has been imposed due to a non-compliance with the Solvency Ratio, due in turn to the lBSL, not accepting certain specific assets as admissible even though these same assets had been previously accepted as being admissible for solvency since 2006 upto date."


REINSTATEMENT OF REGISTRATION 27 May 2009

The Company has informed the following to the CSE, "In accordance with Colombo Stock Exchange regulations, of the need to inform the Colombo Stock Exchange of any matter of relevance that will impact share prices, I now wish to inform you that the Insurance Board of Sri Lanka has revoked the suspension imposed on Janashakthi Insurance PLC, with effect from 2.00 pm on 27th May 2009.

The suspension was imposed on 12th May 2009 for a period of 03 weeks until 02nd June 2009.

The company was requested to show cause on why the suspension should be lifted. The Insurance Board of Sri Lanka has accepted the Company's explanations and the suspension has been accordingly revoked".


You can find these info on CSE.lk

33JANASHAKTHI INSURANCE COMPANY PLC (JINS.N0000) - Page 2 Empty Why JINS.N0000 going up? Fri May 27, 2011 1:55 pm

opfdo

opfdo
Vice President - Equity Analytics
Vice President - Equity Analytics
Dear Friends what is the reason JINS

is


Senior Equity Analytic
Senior Equity Analytic
cause it is a quite undervalue share... they pay good div to.

thighrokker


Manager - Equity Analytics
Manager - Equity Analytics
Undervalued?

http://www.bloomberg.com/apps/quote?ticker=JINS:SL
shows that JINS is at an all-time high.
On what basis is it under valued?

It has not gone this up in the past....

JennyFunny


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
Agreed with..thighrokker..I had a small position sold @19.20

san1985

san1985
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@thighrokker wrote:Undervalued?

http://www.bloomberg.com/apps/quote?ticker=JINS:SL
shows that JINS is at an all-time high.
On what basis is it under valued?

It has not gone this up in the past....

It may trade at all time high, but you cannot avoid the fact that it still is undervalued.

EPS for the Y/E 31/12/2010 is 2.12.

So at current market price it trades at a PE of 9(19.2/2.12).





Slstock

Slstock
Director - Equity Analytics
Director - Equity Analytics
@san1985 wrote:
@thighrokker wrote:Undervalued?

http://www.bloomberg.com/apps/quote?ticker=JINS:SL
shows that JINS is at an all-time high.
On what basis is it under valued?

It has not gone this up in the past....

It may trade at all time high, but you cannot avoid the fact that it still is undervalued.

EPS for the Y/E 31/12/2010 is 2.12.

So at current market price it trades at a PE of 9(19.2/2.12).






Correct with their EPS JINS is still undervalued in its sector. It might be interesting to note, that JINS IPO was at Rs 12 several years ago. This is one of the longest staganated share with regards to IPO price.

thighrokker


Manager - Equity Analytics
Manager - Equity Analytics
@slstock wrote:
@san1985 wrote:
@thighrokker wrote:Undervalued?

http://www.bloomberg.com/apps/quote?ticker=JINS:SL
shows that JINS is at an all-time high.
On what basis is it under valued?

It has not gone this up in the past....

It may trade at all time high, but you cannot avoid the fact that it still is undervalued.

EPS for the Y/E 31/12/2010 is 2.12.

So at current market price it trades at a PE of 9(19.2/2.12).






Correct with their EPS JINS is still undervalued in its sector. It might be interesting to note, that JINS IPO was at Rs 12 several years ago. This is one of the longest staganated share with regards to IPO price.

Is there a way to get the Insurance sector PE?
Anyone has this?

econ

econ
Global Moderator
I think all the janashakthi group companies (CSEC,JINS,CFVF) are still undervalued compare with other companies in the financial sector.

2011_NewComer

2011_NewComer
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@thighrokker wrote:
@slstock wrote:
@san1985 wrote:
@thighrokker wrote:Undervalued?

http://www.bloomberg.com/apps/quote?ticker=JINS:SL
shows that JINS is at an all-time high.
On what basis is it under valued?

It has not gone this up in the past....

It may trade at all time high, but you cannot avoid the fact that it still is undervalued.

EPS for the Y/E 31/12/2010 is 2.12.

So at current market price it trades at a PE of 9(19.2/2.12).






Correct with their EPS JINS is still undervalued in its sector. It might be interesting to note, that JINS IPO was at Rs 12 several years ago. This is one of the longest staganated share with regards to IPO price.

Is there a way to get the Insurance sector PE?
Anyone has this?

I think it goes under BFI

http://cse.lk/sectors/sectorSummary.htm

is


Senior Equity Analytic
Senior Equity Analytic
one reason for being stagnant for long time was the fact that it is more off a family run business (As I heard)... Is this correct ?

Slstock

Slstock
Director - Equity Analytics
Director - Equity Analytics
@is wrote:one reason for being stagnant for long time was the fact that it is more off a family run business (As I heard)... Is this correct ?

Shafter family is behind JINS,CFVF and CSEC, KDL companies

is


Senior Equity Analytic
Senior Equity Analytic
@slstock.

Is this a reason for stagnation... If so how come that affect ? As I know they paid/are paying good div too.

thighrokker


Manager - Equity Analytics
Manager - Equity Analytics
any ideas/hints how high JINS may go?

UKboy

UKboy
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
@econ wrote:I think all the janashakthi group companies (CSEC,JINS,CFVF) are still undervalued compare with other companies in the financial sector.

That is a well known factor in the market for years..!!
How higher their prices go up eventually will come back more or less to the same level

uditha9


Manager - Equity Analytics
Manager - Equity Analytics
@thighrokker wrote:
@slstock wrote:
@san1985 wrote:
@thighrokker wrote:Undervalued?

http://www.bloomberg.com/apps/quote?ticker=JINS:SL
shows that JINS is at an all-time high.
On what basis is it under valued?

It has not gone this up in the past....

It may trade at all time high, but you cannot avoid the fact that it still is undervalued.

EPS for the Y/E 31/12/2010 is 2.12.

So at current market price it trades at a PE of 9(19.2/2.12).






Correct with their EPS JINS is still undervalued in its sector. It might be interesting to note, that JINS IPO was at Rs 12 several years ago. This is one of the longest staganated share with regards to IPO price.

Is there a way to get the Insurance sector PE?
Anyone has this?
i think jins has a cross holding of csec

Intrinsic


Manager - Equity Analytics
Manager - Equity Analytics
osmand wrote:Dear Friends what is the reason JINS

I sold all my JINS today at a thin 5% markup after holding for four months. I will re-purchase them if they show better signs next week.



Nigel.Machado


Manager - Equity Analytics
Manager - Equity Analytics
i think cfvf has more value in it.

can we expect dividends from cfvf?

Note: currently i hold 20,000 cfvf, do your homework before making any decision.

thighrokker


Manager - Equity Analytics
Manager - Equity Analytics
i came across this during me research
http://investors.lk/11178/JINS+++what+do+yall+think+of+this+stock%3F
[[[[[ ---quote

it's good it'll eventually reach 30-40 in my book, especially if they can muster up an EPS close to 2 this half. one of my few long term investments

reply from Mononoke on 20 Jan

------]]]]]]


** Is this applicable in the current context?

** Dear moderator, i am not sure if i am allowed to post references from other sites. If inappropriate, pls delete this.

CSE Today

CSE Today
Manager - Equity Analytics
Manager - Equity Analytics
@UKboy wrote:
@econ wrote:I think all the janashakthi group companies (CSEC,JINS,CFVF) are still undervalued compare with other companies in the financial sector.

That is a well known factor in the market for years..!!
How higher their prices go up eventually will come back more or less to the same level

UK BOY you have the most sensible view on these stock...! Very Happy

godfreydayan


Equity Analytic
Equity Analytic
why JINS .N0000 ( janashakthi insurance) not moving even the fundamentals are strong..
even the they pay a very good dividend..

hawklk


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
That is the problem with CSE. Fundamental don't move....

Jana1


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
Not pbm with CSE, Pbm with director, Schaffer.. Matser mind behind CFVF group..That s less volatile share even during up-trend also

anubis


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
JINS:

Total number of shares as at 06/30/2011: 363,000,132

Profits for the 6 months ending 31/12/2010: 624,910,000 EPS = 1.71
Profits for 6 months ending 06/30/2011: 218,115,000 EPS = 0.60 (the quarterly report says 0.77 but I don't know how they got it).

If you look at the two statements you can see that for the 6 months ending 31/12/2010, they have a 200Mil difference in "Other revenue" section (income statement). Let's be conservative and estimate an EPS of 0.60 for the next 6 months (ending 31/12/2011) - I suppose they'll publish this report soon.

So, our estimated EPS for the year ending 31/12/2011 is 1.2 per share. So, this share has a P/E around 10 for a price around 12 Rs.

The question is, is it a good P/E compared to other financial institutions / banks? analyse COMB.X, HNB.X, SAMP.N and see for yourself. Also compare dividends. A share can be "fundamental" (i.e not JUNK) but that doesn't mean its share price is always justified.

My personal opinion is JINS.N is an OK share for around 12 rupees (I already hold some quantity around 11.50 I think). But I can't say for sure that this share will not fall further (there are banks with much lower P/E values - this share "could" correct more - I don't know).

Cheers!

UPDATE: SOME ISSUES WITH THIS POST HAS BEEN CORRECTED BELOW (READ THE WHOLE DISCUSSION)



Last edited by anubis on Fri Feb 17, 2012 3:14 pm; edited 1 time in total

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