JINS Community

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Blue Whale
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Re: JINS Community

Postby Blue Whale » Sat Feb 24, 2018 10:37 pm

By looking at the implying market price buying at 31 or below before the expiration of eligibility will be profitable who ever want to do so.
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Re: JINS Community

Postby ruwa » Sun Feb 25, 2018 9:26 am

Totally agree with you Blue

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Re: JINS Community

Postby SHARK » Sun Feb 25, 2018 10:02 am

The Janashakthi Insurance PLC’s (Janashakthi) Rs. 16.4 billion sale earlier this month of its general insurance business to multinational insurer, Germany’s Allianz, has rung alarm bells at the stock market regulator after a spurt in the share price just before the sale, informed sources said.

The Securities and Exchange Commission (SEC) is investigating a sharp rise in the share price of Janashakthi Insurance which went up by 44 per cent from Rs. 16.10 on January 29 to Rs. 23.20 on February 1, a day before the February 2 deal, they told the Business Times.

According to the share trades, 853,000 shares were sold on January 29, 10.5 million shares on January 30 (at Rs. 20) and 7.8 million shares on February 1. On February 2, the day the deal was done, 16.4 million shares were transacted throughout the day, touching a high of Rs. 28.40 per share.

Analysts said that the regulator is looking at the over 10 million share sale by Bank of Ceylon (BoC). Informed sources said that selling this large Janashakthi stake three days before the company changed hands has led to an unusual share price increase.

The BoC at current market rates (at Rs. 20) made a profit by selling the stock which they bought years ago at Rs. 10, to high networth investor Indra Silva, but they could have made much more had they waited till the sale happened, analysts say.

The regulator is trying to find out how information on the sale was leaked (possibly to BoC) before this transaction with Allianz, the German-headquartered financial services giant happened, BoC officials confirmed to the Business Times. The SEC is now recording statements from certain BoC officials, they added. “The SEC wants to establish who had advised BoC on this sale and who had made the investment decision,” a banking source told the Business Times.
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Re: JINS Community

Postby siga » Sun Feb 25, 2018 4:16 pm

Blue Whale wrote:
Fair investor wrote:Of course you are right...


Ok then announcement says the proposed day of opening of the offer as 8th March. Is this means the shareholder can trade his balance till 8th March is it :-?

If I summaries suppose shareholder has 5000 shares as at 28th February and according to the conditions of the offer he is entitled to sell back 3000 shares to the company starting from 8th March. In the meantime from 1st of March till 7th of March he can sell as well as buyback his entire 5000 shares in the market, basically trade on. Then he must have 3000 shares at the end by 8th of March to sell back to the company.

Am I making the right statement :-?



BW this part not clear to me #-o
" In the meantime from 1st of March till 7th of March he can sell as well as buyback his entire 5000 shares in the market, basically trade on."

Is it essential to have entire quantity of 5000 shares as at 7th March or only the entitlement of 3000 shares?? :ymdaydream:

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Re: JINS Community

Postby solace » Sun Feb 25, 2018 6:31 pm

siga wrote:
Blue Whale wrote:
Fair investor wrote:Of course you are right...


Ok then announcement says the proposed day of opening of the offer as 8th March. Is this means the shareholder can trade his balance till 8th March is it :-?

If I summaries suppose shareholder has 5000 shares as at 28th February and according to the conditions of the offer he is entitled to sell back 3000 shares to the company starting from 8th March. In the meantime from 1st of March till 7th of March he can sell as well as buyback his entire 5000 shares in the market, basically trade on. Then he must have 3000 shares at the end by 8th of March to sell back to the company.

Am I making the right statement :-?



BW this part not clear to me #-o
" In the meantime from 1st of March till 7th of March he can sell as well as buyback his entire 5000 shares in the market, basically trade on."

Is it essential to have entire quantity of 5000 shares as at 7th March or only the entitlement of 3000 shares?? :ymdaydream:


My understanding is that IF you have 5000 shares at Feb 28th You are entitled to sell back 3000 shares.
Then you only need to possess 3000 shares at 7th March. Your holding from March 1st to 6th March nothing to do with this offer.

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Re: JINS Community

Postby lukedesilva » Sun Feb 25, 2018 7:04 pm

They are trying to fry BOC boys for selling low. ha ha ha.

Rest don't worry. Another storm in a tea cup.

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Re: JINS Community

Postby mdcpk » Mon Feb 26, 2018 9:35 am

Janashakthi General Insurance sold their stake at NTB... Lots of things are happening with JINS

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Re: JINS Community

Postby Investor » Mon Feb 26, 2018 9:46 am

It seems they have sold down their CDB stakes as well for a very low value compared to CDB's intrinsic value. They are acting like it's the end of the world... At least for them I think it is the end...

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Re: JINS Community

Postby Blue Whale » Mon Feb 26, 2018 9:51 am

Blue Whale wrote:No comments received yet. Therefore I am going with the basis that you can buy and calculate the amount of shares you want to sell to JINS and the balance you sell afterwards.

Calculation 1 is to establish the likely price level @ which JINS will be stabilizing based on the PBV ratio as at 30th September 17.

JINS Indicative Price.jpg

The below table depicts the net profit or loss you can record when buying before 28th of February and selling the excess on 1st March or afterwards.

JINS Trading Table Till Completion of The Buy Back.jpg

Buying price = purchase price on or before 28th February
Market price = selling price on or after 1st March

Yellow highlighted area is the likely combination of buying and selling prices. Red highlighted text denotes negative returns while green highlighted text denotes positive returns.


NAV improved to 18.19 as at 31st December from 16.7. PBV as at 31st December was 0.86times. The numbers of base price after the buy back will change slightly.

https://cdn.cse.lk/cmt/upload_report_fi ... 849382.pdf
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Re: JINS Community

Postby mdcpk » Mon Feb 26, 2018 10:16 am

Janashakthi General Insurance is selling and Janashakthi Life is buying. Internal transfers at low rate.

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Re: JINS Community

Postby Blue Whale » Mon Feb 26, 2018 10:21 am

Investor wrote:It seems they have sold down their CDB stakes as well for a very low value compared to CDB's intrinsic value. They are acting like it's the end of the world... At least for them I think it is the end...


Yes highly likely.
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Re: JINS Community

Postby Blue Whale » Mon Feb 26, 2018 10:22 am

mdcpk wrote:Janashakthi General Insurance is selling and Janashakthi Life is buying. Internal transfers at low rate.


Now they are building the next generation business. Within another 5 years these life insurance companies will be huge. Good ground work preparation. ;)
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Re: JINS Community

Postby PAT » Mon Feb 26, 2018 1:23 pm

look like waiting game now, no one ready to buy or sell aggressively......
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Re: JINS Community

Postby Blue Whale » Mon Feb 26, 2018 2:15 pm

More than 1.6Mn traded so far @ 32/-. A sudden interest is due to :-?
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Re: JINS Community

Postby mdcpk » Mon Feb 26, 2018 2:20 pm

PAT wrote:
sricap wrote:I did a samll anlysis and expertise can correct if i am wrong ....

If you Purchase @ 31
Assuming purchasing and Selling cost 1.5%

Cost of purchase
No shares Price Cost
10,000 31 314,650.0
Monies receive from Repurchase -3/5
6,000 36.7 216,897.00
Balance
4,000 97,753.00
cost of balance shares 24.44

if Re purchasing may not have a cost your profit will further increase

(After Re purchase price -24.44 ) X 4000 will be your profit

-Since Re -purchase price is 36.70 after price surely more that 25
-less no of share available in the market
-Balance shares will be entitle for up coming dividend


good analysis sricap
regarding fees;
selling / buying will cost you additional 1.12% unless same day buying & selling
if no fee applicable for re-purchase then we can eliminate selling fee 1.12%

agree with you most probably SP will adjust above Rs 25 after repurchase

if not you are at loss....



60% of shares at 36 and 40 % of shares at 25( assume), then exiting at 32 is more profitable.. That is what is happening now

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Re: JINS Community

Postby PAT » Mon Feb 26, 2018 2:26 pm

Blue Whale wrote:More than 1.6Mn traded so far @ 32/-. A sudden interest is due to :-?


over 3 million now , above 32 .....
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Re: JINS Community

Postby Blue Whale » Mon Feb 26, 2018 2:27 pm

To exit at 32/- somebody need to enter @ 32/- as well ne. I thought 31/- or 30/- will be that price but this level indicates me that something unexpected will be on our way within next 2 days.
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Re: JINS Community

Postby PAT » Mon Feb 26, 2018 2:34 pm

over 5.2 million , almost 33.....
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Re: JINS Community

Postby Blue Whale » Mon Feb 26, 2018 2:35 pm

Over 5Mn traded and over 1Mn traded above 33/-. This is not someone exiting but clearly someone entering. 5Mn traded with an average price of 32/-. As I wrote in my previous posts any investor who buys around 33/- and selling the non-entitlement around 31/- can make reasonable gains. What if the players mop up the market liquidity even at these prices and the reduction in free float after the completion of the repurchase.
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Re: JINS Community

Postby iF1985 JUNIOR » Mon Feb 26, 2018 3:05 pm

:)) Interesting isn't it......
"When a person with money meets a person with experience, the one with experience ends up with the money and the one with the money leaves with experience" :-!

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Re: JINS Community

Postby Blue Whale » Mon Feb 26, 2018 9:24 pm

Over 5mn and two days to go. People are on the edge :))
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Re: JINS Community

Postby iF1985 JUNIOR » Mon Feb 26, 2018 10:23 pm

Blue Whale wrote:Over 5mn and two days to go. People are on the edge :))


No comments ( only actions) :))
"When a person with money meets a person with experience, the one with experience ends up with the money and the one with the money leaves with experience" :-!

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Re: JINS Community

Postby Fair investor » Mon Feb 26, 2018 11:49 pm

:ymapplause: :ymapplause:

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Re: JINS Community

Postby PAT » Tue Feb 27, 2018 6:49 am

can expect more action today.......
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Re: JINS Community

Postby Blue Whale » Tue Feb 27, 2018 6:53 am

Only few knows what is up here.
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