The Investor Sentiment - Equity and investments forum for Sri Lankans
Search
 
 

Display results as :
 


Rechercher Advanced Search

Latest topics
» ඩොලරයේ විකුණුම් මිල රු. 164 ඉක්මවයි
Yesterday at 2:42 pm by yellow knife

» BLI.N0000 ( Bimputh Finance PLC )
Yesterday at 10:47 am by yellow knife

» UAL.N0000 ( UNION ASSURANCE PLC )
Sun Sep 16, 2018 6:13 pm by Senarath67

» අනං මනං! #/+?.<>
Sun Sep 16, 2018 11:31 am by Yin-Yang

» CAL Securities Facilitates First Cross-Border Share Transaction by a Sri Lankan Stockbroker
Sat Sep 15, 2018 11:04 pm by serene

» මහ බැංකුව රු. බිලියන 60 ක බැඳුම්කර විකුණයි
Fri Sep 14, 2018 12:48 pm by Ethical Trader

» ඩුනාමිස් කොටස් මිල 90% කින් ඉහළට. වැඩි අයිතිය ජනශක්ති අත්පත් කර ගනී
Fri Sep 14, 2018 7:49 am by serene

» නිදහස ලැබීමෙන් පසු රු. ට්‍රිලියන 1.9 ක වැඩිම ණය ආපසු ගෙවීම මෙම වසරේ දී – මංගල
Thu Sep 13, 2018 6:44 pm by Ethical Trader

» ණය අපසු ගෙවීමට අඩු පීඩාකාරී ප්‍රතිපත්ති විකල්ප පවතින්නේ නම් සමාජ වියදම් කපා හැරීම නොකළ යුතුයි – UN විශේෂඥයා පවසයි
Wed Sep 12, 2018 6:14 pm by Ethical Trader

» Banking Sector Outlook-
Wed Sep 12, 2018 8:17 am by serene

» Dividend Announcement
Tue Sep 11, 2018 7:45 am by serene

» Sri Lankan central bank rejects currency crisis report
Tue Sep 11, 2018 7:31 am by serene

» LOFC Initiating Coverage - STRONG BUY - 29 03 17 - FC Research
Sat Sep 08, 2018 1:53 am by stockback

» අසාමාන්‍ය කොටස් මිල උච්ඡාවචනය ගැන MTD Walkers කරුණු පහදයි
Wed Sep 05, 2018 6:26 pm by Ethical Trader

» ශ්‍රී ලංකා රුපියල
Wed Sep 05, 2018 6:24 pm by Ethical Trader

» සුමල්ගේ සමාගමට කැබිනට් අනුමැතිය. රුපියල් බිලියන 2.7 ක නිවාස ව්‍යාපෘතියක්
Wed Sep 05, 2018 6:22 pm by Ethical Trader

» ධම්මික ලංකා සෙරමික් සභාපති ධූරයෙන් ඉල්ලා අස්වෙයි
Wed Sep 05, 2018 2:26 pm by nihal123

» Sri Lanka car registration up in July, tax not yet hit
Mon Sep 03, 2018 5:14 pm by Ethical Trader

» 2018 මාස 08 කදී කොළඹ කොටස් 4.54% කින් පසුබසී
Mon Sep 03, 2018 5:11 pm by Ethical Trader

» Sri Lanka rupee ends steady, stocks flat
Mon Sep 03, 2018 7:26 am by The Invisible

» Sri Lanka's August inflation in Colombo hits 5.9-pct
Mon Sep 03, 2018 7:24 am by The Invisible

» ජනාධිපතිවරණයට තවත් අපේක්ෂකයෙක්. සුමල්, ධම්මිකව යෝජනා කරයි VIDEO August, 30, 2018
Mon Sep 03, 2018 7:22 am by The Invisible

» Pictures & Stories ........
Sat Sep 01, 2018 6:57 pm by malanp

» සිංහ රෝහලට අසාධ්‍යයි
Fri Aug 31, 2018 7:56 pm by nihal123

» මාස 06 කදී වෙළෙඳ හිඟය ඩොලර් මිලියන 5,700 ඉක්මවයි
Tue Aug 28, 2018 8:01 pm by spw19721

» Billionaire Ashok Pathirage controlled Asiri Health to launch an MBBS degree Program
Tue Aug 28, 2018 5:26 pm by Ethical Trader

» දිගින් දිගටම වැඩි වෙමින් ඇති උද්ධමනය ගැන ආර්ථික විශේෂඥයින් අනතුරු අඟවයි
Mon Aug 27, 2018 11:47 am by Ethical Trader

» මැල්කම් ටර්න්බුල් පහකිරීමෙන් පසු ඕස්ට්‍රේලියාවේ අගමැති ධූරයට ස්කොට් මොරිසන්
Fri Aug 24, 2018 6:06 pm by Ethical Trader

» Sri Lanka rupee opens at new low, stocks gain 0.15-pct
Fri Aug 24, 2018 5:55 pm by Ethical Trader

» Sri Lanka's John Keells fine-tunes hotel strategy
Fri Aug 24, 2018 5:53 pm by Ethical Trader

» Sri Lanka's The Finance struggle to recover Ceylinco assets
Fri Aug 24, 2018 5:51 pm by Ethical Trader

» Sri Lanka increases planting subsidies for rubber
Thu Aug 23, 2018 10:34 am by The Invisible

» Sri Lanka eyes Euro, Yen and Renminbi bonds to cut costs
Thu Aug 23, 2018 10:33 am by The Invisible

» Sri Lanka to start first boat service in Colombo canals with navy
Thu Aug 23, 2018 10:32 am by The Invisible

» ලොකුම සමාගම් ලැයිස්තුව අලුත් වෙයි. ජෝන් කීල්ස් අභිබවා CTC අංක 1 ට
Thu Aug 23, 2018 8:41 am by Ethical Trader

» යෙන්, යුවාන්, යූරෝ බැඳුම්කර අලෙවියට ආණ්ඩුවේ සූදානමක්
Thu Aug 23, 2018 8:39 am by Ethical Trader

» හැරී ගේ මීළඟ ඉලක්කය
Wed Aug 22, 2018 5:23 pm by Ethical Trader

» Sri Lanka pension fund to value hotel stake eyed by HPL Hotels
Wed Aug 22, 2018 11:29 am by The Invisible

» Sri Lanka's Hemas Holdings profitability seen improving: Fitch
Wed Aug 22, 2018 11:27 am by The Invisible

» Sri Lanka's LMF to invest Rs2bn in new dairy farm
Wed Aug 22, 2018 11:26 am by The Invisible

» Sri Lanka’s national inflation accelerates to 3.4-pct in July
Wed Aug 22, 2018 11:23 am by The Invisible

» Sri Lanka rupee ends at new low, stocks flat
Wed Aug 22, 2018 11:22 am by The Invisible

» Elsewhere vs SL : Honesty, Social responsibility , Word twisting and Decency
Tue Aug 21, 2018 11:00 pm by Expert

» මහජන බැංකුවෙන් ජෙහාන් ගේ සමාගමට දුන් රු. බිලියන 10 ගැන මහ බැංකුව මෙසේ කියයි
Tue Aug 21, 2018 9:26 pm by Rana

» මැරියට් ආයෝජනයෙන් ඉවත් වන්නේ ප්‍රමාණවත් ප්‍රතිලාභයක් ලැබුණොත් පමණයි – EPF අවධාරණය කරයි
Tue Aug 21, 2018 6:07 pm by Ethical Trader

» Sri Lanka to charge 7-pct tax from banks on added value
Mon Aug 20, 2018 5:51 pm by Ethical Trader

» Sri Lanka rupee opens weaker, stock gain
Mon Aug 20, 2018 5:49 pm by Ethical Trader

» Sri Lanka's EPF delay holding up hotel sale: East West
Mon Aug 20, 2018 5:49 pm by Ethical Trader

» Sri Lanka hotel room price controls not removed: Minister
Mon Aug 20, 2018 5:46 pm by Ethical Trader

» මොරිසන්, කොටස් වෙළෙඳපොළට සමුදෙයි
Mon Aug 20, 2018 5:40 pm by Ethical Trader

September 2018
SunMonTueWedThuFriSat
      1
2345678
9101112131415
16171819202122
23242526272829
30      

Calendar Calendar

Disclaimer


Information posted in this forum are entirely of the respective members' personal views. The views posted on this open online forum of contributors do not constitute a recommendation buy or sell. The site nor the connected parties will be responsible for the posts posted on the forum and will take best possible action to remove any unlawful or inappropriate posts.
All rights to articles of value authored by members posted on the forum belong to the respective authors. Re-using without the consent of the authors is prohibited. Due credit with links to original source should be given when quoting content from the forum.
This is an educational portal and not one that gives recommendations. Please obtain investment advises from a Registered Investment Advisor through a stock broker

JINS.N0000 ( Janashakthi Insurance PLC)

Page 1 of 2 1, 2  Next

Go down

JINS.N0000 ( Janashakthi Insurance PLC)

Post by yellow knife on Tue Aug 25, 2015 4:50 pm

Banks,Finance and Insurance companies are highly regulated and JINS license was suspended in 2009 for solvency test.

Relevant notice

"
[*]INSURANCE BOARD OF SRI LANKA (IBSL)   
27 May 2009
Insurance Board of Sri Lanka informed the following to the CSE, "Insurance Board of Sri Lanka has removed the suspension of registration imposed on Janashakthi Insurance PLC in respect of Long Term Insurance Business and General Insurance Business with effect from 2 p.m. today(27th May 2009)after Janashakthi Insurance PLC having shown sufficient cause to the IBSL".


yellow knife
Top contributor
Top contributor

Posts : 5925
Join date : 2014-03-27

Back to top Go down

Re: JINS.N0000 ( Janashakthi Insurance PLC)

Post by yellow knife on Tue Aug 25, 2015 4:54 pm

When evaluating Banks,Finance and Insurance which are financial intermediaries we have to keep updated with regulatory directions.

IBSL ( Insurance Board of Sri Lanka) has directed the Insurance companies to divide the Life and Non-Life into two different companies with a deadline of 1st Jan 2015. JINS achieved this target ahead of time.

yellow knife
Top contributor
Top contributor

Posts : 5925
Join date : 2014-03-27

Back to top Go down

Re: JINS.N0000 ( Janashakthi Insurance PLC)

Post by yellow knife on Tue Aug 25, 2015 4:57 pm

Above bifurcation process has resulted JINS to create a separate company called Janashakthi General Insurance LTD, which is a fully owned  subsidiary of JINS. Thus JINS will be purely a life insurance company and will be the holding company of Non-Life subsidiary.

yellow knife
Top contributor
Top contributor

Posts : 5925
Join date : 2014-03-27

Back to top Go down

Re: JINS.N0000 ( Janashakthi Insurance PLC)

Post by yellow knife on Tue Aug 25, 2015 4:59 pm

Life Fund of Janashakthi grew by 12.5% to reach 7.3 Billion.It enable JINS to be financially stable and enhanced capacity to meet claims.

yellow knife
Top contributor
Top contributor

Posts : 5925
Join date : 2014-03-27

Back to top Go down

Re: JINS.N0000 ( Janashakthi Insurance PLC)

Post by yellow knife on Tue Aug 25, 2015 5:01 pm

Life Insurance penetration levels aer low in Sri Lanka  and stands at 0.48% of GDP vis av vis the regional average of 1.82%. There are no reasons to believe that life insurance penetration rate will increase in near future.

yellow knife
Top contributor
Top contributor

Posts : 5925
Join date : 2014-03-27

Back to top Go down

Re: JINS.N0000 ( Janashakthi Insurance PLC)

Post by yellow knife on Tue Aug 25, 2015 5:03 pm

In this backdrop JINS was slowly and steadily increasing the income.

[You must be registered and logged in to see this image.]

yellow knife
Top contributor
Top contributor

Posts : 5925
Join date : 2014-03-27

Back to top Go down

Re: JINS.N0000 ( Janashakthi Insurance PLC)

Post by yellow knife on Tue Aug 25, 2015 5:03 pm

EPS was rather stable

[You must be registered and logged in to see this image.]

yellow knife
Top contributor
Top contributor

Posts : 5925
Join date : 2014-03-27

Back to top Go down

Re: JINS.N0000 ( Janashakthi Insurance PLC)

Post by yellow knife on Tue Aug 25, 2015 5:06 pm

JINS is a December company and there are two occasions where dividend of Rs 2.00 paid

[You must be registered and logged in to see this image.]

yellow knife
Top contributor
Top contributor

Posts : 5925
Join date : 2014-03-27

Back to top Go down

Re: JINS.N0000 ( Janashakthi Insurance PLC)

Post by yellow knife on Tue Aug 25, 2015 5:07 pm

PE ratio of the company is often at an attractive level.

[You must be registered and logged in to see this image.]

yellow knife
Top contributor
Top contributor

Posts : 5925
Join date : 2014-03-27

Back to top Go down

Re: JINS.N0000 ( Janashakthi Insurance PLC)

Post by yellow knife on Tue Aug 25, 2015 5:13 pm

Regulatory enviornment of Insurance field should be continoulsy understood as often directions are changing.

Current Solvency regime of Sri Lanka initiated in 2009 ( which made JINS to see license getting suspended ) will be replaced by Risk Based Capital (RBC) in 2016.

Insurance companies have to  keep a good amount of  their investments in government securities thus the low interest rates which prevailed since the 2nd quarter of 2014 adversely impacted the interest income of the insurance companies.

The minimum capital requirement for each line of business- life and non-life has been increased to LKR 500 Mn (from 100Mn) and the insurance companies are expected to list in the CSE by 2016.

yellow knife
Top contributor
Top contributor

Posts : 5925
Join date : 2014-03-27

Back to top Go down

Re: JINS.N0000 ( Janashakthi Insurance PLC)

Post by yellow knife on Tue Aug 25, 2015 5:18 pm

Many Finance Companies got listed in CSE either as IPO issue or as share introduction. Same way we would be able to see many insurance companies getting listed in CSE by 2016.. It will add more transparency to the industry.

yellow knife
Top contributor
Top contributor

Posts : 5925
Join date : 2014-03-27

Back to top Go down

Re: JINS.N0000 ( Janashakthi Insurance PLC)

Post by yellow knife on Tue Aug 25, 2015 5:22 pm

The transformative restructure of JIPLC's Life Insuracne business, which was implemented during the year, with a focus on converting the sales team to a more performance driven and cost optimisng Agency model has begun to give rewards.

Thus the number of staff of JINS has dropped drastically. I compared that with the staff increase of another leading financial intermediary People's Leasing & Finance PLC

[You must be registered and logged in to see this image.]

yellow knife
Top contributor
Top contributor

Posts : 5925
Join date : 2014-03-27

Back to top Go down

Re: JINS.N0000 ( Janashakthi Insurance PLC)

Post by yellow knife on Tue Aug 25, 2015 5:23 pm

As per above chart JINS was struggling with high staff and now controlling the cost effectively while PLC is aggressively growing.

yellow knife
Top contributor
Top contributor

Posts : 5925
Join date : 2014-03-27

Back to top Go down

Re: JINS.N0000 ( Janashakthi Insurance PLC)

Post by yellow knife on Tue Aug 25, 2015 5:25 pm

No of Branches of JINS and PLC are compared below and JINS is remaining less aggressive in growth in that perspective as well.

[You must be registered and logged in to see this image.]

yellow knife
Top contributor
Top contributor

Posts : 5925
Join date : 2014-03-27

Back to top Go down

Re: JINS.N0000 ( Janashakthi Insurance PLC)

Post by yellow knife on Tue Aug 25, 2015 5:50 pm

JINS has announced a rights issue at 18.50 and one new share for existing two for the purpose of further expansion of business..

yellow knife
Top contributor
Top contributor

Posts : 5925
Join date : 2014-03-27

Back to top Go down

Re: JINS.N0000 ( Janashakthi Insurance PLC)

Post by First Guy on Wed Aug 26, 2015 7:06 am

JINS has one of the best dividend yields
avatar
First Guy

Posts : 2533
Join date : 2014-02-22

Back to top Go down

Re: JINS.N0000 ( Janashakthi Insurance PLC)

Post by Market lover on Wed Aug 26, 2015 10:00 am

Tks YK Smile Appreciate your effort.

Market lover
Top contributor
Top contributor

Posts : 595
Join date : 2014-10-15

Back to top Go down

Re: JINS.N0000 ( Janashakthi Insurance PLC)

Post by Backstage on Wed Aug 26, 2015 11:11 am

Does Eusually entering the Janashakthi board have any possible future significance ? Suspect
avatar
Backstage
Top contributor
Top contributor

Posts : 3279
Join date : 2014-02-24

Back to top Go down

Re: JINS.N0000 ( Janashakthi Insurance PLC)

Post by GroundedKestrel on Wed Aug 26, 2015 11:28 am

Everything about the company is good except for the fact that i distrust the Schaffters. Shrewd bunch they are.
avatar
GroundedKestrel

Posts : 282
Join date : 2014-11-28

Back to top Go down

Re: JINS.N0000 ( Janashakthi Insurance PLC)

Post by yellow knife on Wed Aug 26, 2015 11:57 am

Hussein Essufaly entering to JINS while being the head of Hemas will be good for JINS to get a different mix ..

JINS is predominantly a family company and Shafters being a family may have similarities with other family driven companies.

My personal view is family companies are more long term oriented in operations and believe in a very steady growth than faster runs..

yellow knife
Top contributor
Top contributor

Posts : 5925
Join date : 2014-03-27

Back to top Go down

Re: JINS.N0000 ( Janashakthi Insurance PLC)

Post by Backstage on Wed Aug 26, 2015 12:14 pm

I have earned well capital gains as well as dividends from Schafter companies in the last three years. JINS, CFVF, CSEC and KDL have given handsome returns to minority shareholders, so I am puzzled as to why they are distrusted. scratch
avatar
Backstage
Top contributor
Top contributor

Posts : 3279
Join date : 2014-02-24

Back to top Go down

Re: JINS.N0000 ( Janashakthi Insurance PLC)

Post by GroundedKestrel on Wed Aug 26, 2015 12:21 pm

Really? i have a personal experience in a business dealing with one of them. Then again, it just might be my take on things. Hence why i specified that it is I who distrusts.

I personally think that CFVF and CSEC have done far more harm than good to minority investors to be honest. Their dividend policy is also not that great either.
avatar
GroundedKestrel

Posts : 282
Join date : 2014-11-28

Back to top Go down

Re: JINS.N0000 ( Janashakthi Insurance PLC)

Post by yellow knife on Wed Aug 26, 2015 12:24 pm

CSEC was one of my favourite as a trader.. Once they announced serious capital loss and share price plummeted. I collected as much as possible until CFVF declared dividends enough to absorb losses of CSEC... I too have gained from Shafter businesses.

yellow knife
Top contributor
Top contributor

Posts : 5925
Join date : 2014-03-27

Back to top Go down

Re: JINS.N0000 ( Janashakthi Insurance PLC)

Post by First Guy on Thu Aug 27, 2015 12:12 am

GroundedKestrel wrote:Really? i have a personal experience in a business dealing with one of them. Then again, it just might be my take on things. Hence why i specified that it is I who distrusts.

I personally think that CFVF and CSEC have done far more harm than good to minority investors to be honest. Their dividend policy is also not that great either.

They can't have a solid pattern to pay dividends. We have discussed about this. The business is not the same every quarter. JINS is much better and great dividends.
avatar
First Guy

Posts : 2533
Join date : 2014-02-22

Back to top Go down

Re: JINS.N0000 ( Janashakthi Insurance PLC)

Post by Backstage on Thu Aug 27, 2015 10:12 am

The discussion on CFVF began when the price was around 12/=. SLS,Chinwi,Alchemist and Anthonym all spotted this and identified the cycle correctly, they went further and also spotted ESL which was trading at 17/=.
These are cyclical stocks and its up to the investor to time entry and exit. Schafters did there part admirably well, did you ?
avatar
Backstage
Top contributor
Top contributor

Posts : 3279
Join date : 2014-02-24

Back to top Go down

Page 1 of 2 1, 2  Next

Back to top


 
Permissions in this forum:
You cannot reply to topics in this forum