zippy1 Posted March 20, 2011 Posted March 20, 2011 I was poking around the reuters site and noticed that companies like Jardine Matheson is trading at a PE~3 accoding to Morningstar. Isn't this a very major company in Southeast Asia?
beerbaron Posted March 20, 2011 Posted March 20, 2011 I think it's David Winters that has loads of it am I right? BeerBaron
oldschoolsting Posted March 20, 2011 Posted March 20, 2011 I think it's David Winters that has loads of it am I right? BeerBaron That's right. He discusses it in his Ivey presentation...it's been a while since I have watched. Btw, Winters seems like the nicest guy in the history of nice guys. http://www.bengrahaminvesting.ca/Resources/Video_Presentations/Guest_Speakers/2010/Winters_2010.htm
SharperDingaan Posted March 20, 2011 Posted March 20, 2011 Look at the latest investor presentation deck. How much came from pension adjustment & property revaluation. Statement on 2011 earnings. Understanding the conglomerate business model, & Jardine's place within it, will take you a long way. Investment in BrasCan (Cda), Canadian Pacific (Cda), HK Bank (Hong Kong), DeBeers (S/Africa), GE (US), etc. works on very similar principles. 1 company, that is the economy of the region. To do well you must fully understand currencies (spot vs PPP), index arbitrage, & be prepared to hold for the long haul (P/E paid reduces by the compounding growth rate differential [(1+(g.asia -g.home)^n])). Not for the faint of heart. SD
skanjete Posted March 12, 2014 Posted March 12, 2014 There were some discussions here and on the Dairy Farm board on Jardine Matheson. Here's a recent article from the financial times on the company with some historical background. http://www.ft.com/intl/cms/s/0/225d1bd4-a8da-11e3-bf0c-00144feab7de.html#axzz2vgVBYPnR
saltybit Posted March 12, 2014 Posted March 12, 2014 This article also does a good (more detailed) summary of their history. http://www.answers.com/topic/jardine-matheson-holdings-limited-1
constructive Posted March 12, 2014 Posted March 12, 2014 Morningstar is wrong - maybe they aren't subtracting the minority interest from Jardine Matheson and Jardine Strategic cross-holding. It trades at 13x earnings. http://markets.ft.com/research/Markets/Tearsheets/Summary?s=J36:SES
constructive Posted March 12, 2014 Posted March 12, 2014 They just released preliminary results and presentation last week. Now they trade at 14.4x earnings, 1.2x NAV. Jardine Strategic trades at 12.6x earnings, 0.7x NAV. http://www.jardines.com/investors/analyst-presentations.html
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