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Scangroup first half 2010
muganda
#1 Posted : Wednesday, August 18, 2010 4:24:25 PM
Rank: Elder


Joined: 9/15/2006
Posts: 3,905
As fate would have it, I became aware I'd receive a few coins early in the year. And with strong enough certainity, I knew I needed to BUY Scangroup. So the coins came on Apr 30, and I knew what I had to buy, but at what price?

Sample my post earlier in the year:
muganda wrote:
...good speculative buy - don't know whether I would like to buy the whole company though [as the adage goes]. If I was given a choice, I'd choose to own Bharat Thakar's SCANGROUP. Advertising is sexy.


Scangroup has announced their half year results. And I see today that the top gaining share from Apr 30 was CFC Stanbic (81%) followed by Scangroup (59%).
http://www.nse.co.ke/newsite/pdf/Year%202010/Announcements/Scangroup%20half%20year%202010.pdf
14% increase in revenue; 40% increase before tax

I wanted to share the lesson, not the glory - I did not buy the share.
If you do your due diligence, and you know you are right about a business (not a stock), and maybe even the quiet voice in the wind says so, it will be painful if you do not heed...

So the lesson here folks, is that most people at the end of life regret the actions they did not take, much more than those they did not let slide by
smile

qw25041985
#2 Posted : Wednesday, August 18, 2010 4:37:42 PM
Rank: User


Joined: 5/9/2010
Posts: 1,418
Location: Nai
@muganda . what are u meaning . Scan Group has retured 100% since january when nobody wanted it...i remember very well seeing it at Ksh 24.00 . this stock has definately made millionares.For those who stuck to it......and let the bull continue...
Your future depends on your dreams so go to sleep !
Horton
#3 Posted : Wednesday, August 18, 2010 5:48:33 PM
Rank: Veteran


Joined: 8/30/2007
Posts: 1,558
Location: Nairobi
Soo much dilution that occurs so often on this counter....all scan promises is pretty marginal earnings.
PKoli
#4 Posted : Wednesday, August 18, 2010 5:51:47 PM
Rank: Elder


Joined: 2/10/2007
Posts: 1,587
Horton wrote:
Soo much dilution that occurs so often on this counter....all scan promises is pretty marginal earnings.


I think the dilution is mitigated by reasonably good growth and acquisitions, not like those of Access K
Gatheuzi
#5 Posted : Wednesday, August 18, 2010 7:18:05 PM
Rank: Veteran


Joined: 8/16/2009
Posts: 994
I can't express in words the ectasy this is giving me both in the fantasy market and in the real world.
Time is money, so money is time. Money saved is time gained in reverse! Money stores your life’s energy. You expend your energy, get paid money, and store that money for a future purchase made in a currency.
muganda
#6 Posted : Thursday, August 26, 2010 2:56:00 PM
Rank: Elder


Joined: 9/15/2006
Posts: 3,905
Ooh this virtuous, elegant, well brought up beauty, who we have chosen to frown upon...

@Gatheuzi, congratulations, your dalliance sees you at the top of the Fantasey market.

@Horton, yes yes, diluted all the time, but it seems many are awestruck. Or at least the price would lead us to believe so...

Horton
#7 Posted : Thursday, August 26, 2010 3:13:04 PM
Rank: Veteran


Joined: 8/30/2007
Posts: 1,558
Location: Nairobi
muganda wrote:
Ooh this virtuous, elegant, well brought up beauty, who we have chosen to frown upon...

@Gatheuzi, congratulations, your dalliance sees you at the top of the Fantasey market.

@Horton, yes yes, diluted all the time, but it seems many are awestruck. Or at least the price would lead us to believe so...




Euphoria perhaps?? Time will tell. I do have a few. But it's now getting unreasonable
Gatheuzi
#8 Posted : Thursday, August 26, 2010 6:32:01 PM
Rank: Veteran


Joined: 8/16/2009
Posts: 994
muganda wrote:
Ooh this virtuous, elegant, well brought up beauty, who we have chosen to frown upon...

@Gatheuzi, congratulations, your dalliance sees you at the top of the Fantasey market.



Thanks @ muganda, it is just a game so depending on how the market behaves, things just keep changing.
Time is money, so money is time. Money saved is time gained in reverse! Money stores your life’s energy. You expend your energy, get paid money, and store that money for a future purchase made in a currency.
PKoli
#9 Posted : Thursday, August 26, 2010 7:27:50 PM
Rank: Elder


Joined: 2/10/2007
Posts: 1,587
qw25041985 wrote:
@muganda . what are u meaning . Scan Group has retured 100% since january when nobody wanted it...i remember very well seeing it at Ksh 24.00 . this stock has definately made millionares.For those who stuck to it......and let the bull continue...


I agree this stock has given people fantastic returns. Two years ago, I exited my Access after making about 90% and I was to buy only one stock and that was scan group. I chickenned out; no one to blame. If you analyse the company properly even at the time the intex was at its lowest, the share price remained fairly stable.
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