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

Janashakthi Insurance Co PLC (JINS) target price?

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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


Vice President - Equity Analytics
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


Vice President - Equity Analytics
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

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