Sri Lanka Equity Forum
Dear Reader,

Registration with the Sri Lanka Equity Forum would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
Sri Lanka Equity Forum

Discussion Forum for Stock Market Investors in Sri Lanka

සිංහල පරිවර්තනය
Submit Post
Submit Post

Latest topics

» KAPI.N Real trend or Pure manipulation ?
by charithaa Today at 12:08 am

» How to Choose a Stock
by charithaa Today at 12:00 am

» BFN WHY PRIVATE PLACEMENT PRICE IS 19.80
by charithaa Yesterday at 11:57 pm

» KAPI - IS DANGEROUS NOW - READ THE ISLAND TODAY
by charithaa Yesterday at 11:53 pm

» HEXP seems unusual pattern.....
by Market.Watch. Yesterday at 10:13 pm

» BFN will run today
by ruwan326 Yesterday at 8:19 pm

» BFN EGM - FEB - BROKERS SAY FOR SURE PRICE WILL MOVE ABOVE 19-59 PRIVATE PLACEMNT PRICE SLOWELY SLOWELY
by ruwan326 Yesterday at 8:18 pm

» කොහොමත් BFN 19-20 වෙනකම් යන එක ඉතින් ස්තිරයි
by ruwan326 Yesterday at 8:16 pm

» BFN BFN BFN BFN BFN BFN BFN BULL RUN
by ruwan326 Yesterday at 8:13 pm

» Daily Foreign Transactions
by ruwan326 Yesterday at 7:57 pm

» FOREIGN NEWS
by ruwan326 Yesterday at 7:53 pm

» CROSSINGS TODAY
by ruwan326 Yesterday at 7:50 pm

» Performance of the Market
by ruwan326 Yesterday at 7:44 pm

» Financial Reports Q-4 2018
by ruwan326 Yesterday at 7:37 pm

» Any news from AMF?
by ruwan326 Yesterday at 6:55 pm

» Daily Stock Market Update
by Insights Equity Yesterday at 5:35 pm

» බලගෙනයි . KAPI ..ගන්නේ අද පත්තර කියවන්න 70% අයිතිකාර සමාගම පාඩු ලබන නිසා අයින්වෙනවා මේක පාඩු ලබන ආයතනයක්
by charithaa Yesterday at 5:00 pm

» KAPI vs Port city
by nuwanmja Yesterday at 3:18 pm

» CTCE CTCE CTCE CTCE
by roshan1039 Yesterday at 2:23 pm

» බීෆ්න් ගැන මට හිතෙන හැටි
by kalu351 Yesterday at 12:50 pm

» ##FUN TOONS###
by ruwan326 Yesterday at 11:40 am

» January dividend history (2010 to 2019)
by arjunaupendra Yesterday at 11:20 am

» PLAYERS PICK OF THE DAY
by ruwan326 Yesterday at 10:43 am

» Hotel Sector - Trending UP
by ranferdi Yesterday at 9:51 am

» stock ownership is usually concentrated among the rich
by ruwan326 Yesterday at 9:15 am

» Chicken Run
by roshan1039 Yesterday at 7:37 am

» SRI LANKA @ 2020
by ruwan326 Wed Jan 16, 2019 8:38 pm

» China Port City awaits
by ruwan326 Wed Jan 16, 2019 8:25 pm

» CSE THIS WEEK
by ruwan326 Wed Jan 16, 2019 8:22 pm

» AAIC HAS BECOME THE BEST...NOW
by hasitha@CSE Wed Jan 16, 2019 3:16 pm

You are not connected. Please login or register

Sri Lanka Equity Forum » Stock Market Talk » Janashakthi Insurance Co PLC (JINS) target price?

Janashakthi Insurance Co PLC (JINS) target price?

Go down  Message [Page 1 of 1]

MoneyLover

avatar
Senior Equity Analytic
Senior Equity Analytic
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

avatar
Senior Equity Analytic
Senior Equity Analytic
@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?

4 JINS Revised valuation on Tue Feb 06, 2018 9:50 pm

MoneyLover

avatar
Senior Equity Analytic
Senior Equity Analytic
Asia Securities has value JINS stock at Rs. 30/-


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

samaritan


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
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!

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


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
@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.

EquityChamp

avatar
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

avatar
Moderator
See now 30/- is achieved. cheers

Back to top  Message [Page 1 of 1]

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