Janashakthi turns 20

[stocks hunterTop contributor]

‘Leading insurer Janashakthi Insurance celebrates their 20th anniversary, recording impressive growth ahead of impending regulatory changes in a fiercely competitive industry, a press release said.

It adds: ‘Over the year 2013, the company recorded a stellar Rs. 1 billion in Profit After Tax, while also achieving its highest ever consolidated revenue of Rs. 9.9 billion at a growth of 20%

‘Building on this strong performance, Janashakthi Insurance was able to deliver a remarkable 22% ROI (Return On Equity) to its shareholders and the net asset value per share stood at Rs. 12.48 reflecting a 34% year on year growth.

‘The company achieved these results while honouring over Rs. 4.4 billion in claims. This solid financial performance was validated with the company’s claim paying ability being upgraded to A by top credit rating agency RAM Ratings.


‘In addition, the company achieved Rs. 8.7 billion GWP, more than 75% of which is made up of non-life premiums, reflecting the company’s renewed focus on diversification.

www.island.lk

More news - http://www.ft.lk/2014/09/19/janashakthi-turns-20-securing-success-with-innovation/

[NuinthTop contributor]

Thx SH for sharing.

The people who bought this at below 10 or 11-12 range can be a happy as they done a real investment. Presently company has rewarding good capital gain with strong dividend paying policy. Hope we can see lot of growth/good news in future too.

Good luck

[suja]

When do they pay dividends , don't they usually declare in August?

[sereneTop contributor]

Initially I thought the topic is about the price Rs.20.
Remember bought around Rs.14/= but minute quantity.

[slstockVeteran]

JINS interesting share for me. I bought this at the IPO for Rs 12 if I recall in 2008. Then after war I added bit more. Held for many years ( until 2013, not selling completely even when it ran to Rs 20 + last time . Though the overall capital return was so bad till 2011 , the dividend of Rs 1 to 2 made up for it.

In 2013, when this share was trading low ( Rs 12- 13) I decided to rotate it totally to "can you guess which share ?"

I see JINS at RS 20 now but it seems fairly valued at this price. Did I regret selling it in 2013 ? ... you can guess yes or no

I think JINS is getting attention after group movement, and also UAL news. ( plus other speculation )

[sereneTop contributor]

JINS interesting share for me. I bought this at the IPO for Rs 12 if I recall in 2008.  Then after war I added bit more.  Held for many years ( until 2013, not selling completely even when it ran to Rs 20 + last time .   Though  the overall capital return was so bad till 2011 , the dividend of Rs 1 to 2 made up for it.    

In 2013,  when this share was trading low ( Rs 12- 13) I decided to rotate it totally to  "can you guess which share ?"

 I see JINS at RS 20 now but it seems fairly valued at this price. Did I regret selling it in 2013 ? ... you can guess  yes or no  

I think JINS is getting attention after group movement, and also UAL news. ( plus other speculation )

ESL

[slstockVeteran]

Good guess but not quite .

JINS interesting share for me. I bought this at the IPO for Rs 12 if I recall in 2008.  Then after war I added bit more.  Held for many years ( until 2013, not selling completely even when it ran to Rs 20 + last time .   Though  the overall capital return was so bad till 2011 , the dividend of Rs 1 to 2 made up for it.    

In 2013,  when this share was trading low ( Rs 12- 13) I decided to rotate it totally to  "can you guess which share ?"

 I see JINS at RS 20 now but it seems fairly valued at this price. Did I regret selling it in 2013 ? ... you can guess  yes or no  

I think JINS is getting attention after group movement, and also UAL news. ( plus other speculation )

ESL

[kassTop contributor]

Good guess but not quite .

JINS interesting share for me. I bought this at the IPO for Rs 12 if I recall in 2008.  Then after war I added bit more.  Held for many years ( until 2013, not selling completely even when it ran to Rs 20 + last time .   Though  the overall capital return was so bad till 2011 , the dividend of Rs 1 to 2 made up for it.    

In 2013,  when this share was trading low ( Rs 12- 13) I decided to rotate it totally to  "can you guess which share ?"

 I see JINS at RS 20 now but it seems fairly valued at this price. Did I regret selling it in 2013 ? ... you can guess  yes or no  

I think JINS is getting attention after group movement, and also UAL news. ( plus other speculation )

ESL

CDB

[slstockVeteran]

Good try but not quite. CDB I held for longer than ESL.

Good guess but not quite .

JINS interesting share for me. I bought this at the IPO for Rs 12 if I recall in 2008.  Then after war I added bit more.  Held for many years ( until 2013, not selling completely even when it ran to Rs 20 + last time .   Though  the overall capital return was so bad till 2011 , the dividend of Rs 1 to 2 made up for it.    

In 2013,  when this share was trading low ( Rs 12- 13) I decided to rotate it totally to  "can you guess which share ?"

 I see JINS at RS 20 now but it seems fairly valued at this price. Did I regret selling it in 2013 ? ... you can guess  yes or no  

I think JINS is getting attention after group movement, and also UAL news. ( plus other speculation )

ESL

CDB

[BackstageTop contributor]

Come on guys, isn't it obvious. CFVF.

[slstockVeteran]

Not quite :-P

Come on guys, isn't it obvious. CFVF.

[sereneTop contributor]

Come on guys, isn't it obvious. CFVF.

Mehemane Backs.
Ekaparama kiwwoth kisi gathiyak nane.

[BackstageTop contributor]

Well then CINS X.

[slstockVeteran]

I was pulling your leg Backs. IT was CFVF.

Not quite :-P

Come on guys, isn't it obvious. CFVF.

On these insurance companies, am not sure how they value them if they split their insurances focus.
Curios question is what happen to the original share and it value ( after splitting)

[sereneTop contributor]

I was pulling your leg Backs.  IT was CFVF.

Not quite :-P

Come on guys, isn't it obvious. CFVF.

On these insurance companies, am not sure how they value them if they split their insurances focus.
Curios question is what happen to the original share  and it value ( after splitting)

Hmm interesting Question.

Even the top ranks are different to Life and General Insurance.
Ceylinco number 1 in Life Insurance and number 2 in General Insurance I think.

[BackstageTop contributor]

I was pulling your leg Backs.  IT was CFVF.

Not quite :-P

Come on guys, isn't it obvious. CFVF.

On these insurance companies, am not sure how they value them if they split their insurances focus.
Curios question is what happen to the original share  and it value ( after splitting)

Hmm  interesting Question.

Even the top ranks are different to Life and General Insurance.
Ceylinco number 1 in Life Insurance and number 2 in General Insurance I think.

What might happen at Ceylinco Insurance might have nothing to do with Insurance.