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