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Athi River fertiliser spin-off
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muganda
#1 Posted : Monday, October 11, 2010 2:38:06 PM
Rank: Elder


Joined: 9/15/2006
Posts: 3,905
At a price of about Kes 170/= with an 80%YTD return trading at P/E of 26.53, EPS of 0.87%; Pradeep Paunrana Athi River Mining is the only industrial counter I currently hold. And YES, I'd buy the whole company if I could, and more at a reasonable price certainly...

News Update: So a natural spin-off in order to focus increasing its cement sales five-fold over the next 5 years - http://af.reuters.com/ar...s/idAFJOE69A04M20101011

He says "Do I want to continue running a cement business in four or five countries when I'm 60 years old? I don't know."
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Njung'e
#2 Posted : Monday, October 11, 2010 2:54:37 PM
Rank: Elder


Joined: 2/7/2007
Posts: 11,935
Location: Nairobi
@Muganda,
A gem...definately.
Nothing great was ever achieved without enthusiasm.
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alikujia
#3 Posted : Monday, October 11, 2010 6:55:03 PM
Rank: Member


Joined: 5/27/2010
Posts: 324
Location: nrb
muganda wrote:
At a price of about Kes 170/= with an 80%YTD return trading at P/E of 26.53, EPS of 0.87%; Pradeep Paunrana Athi River Mining is the only industrial counter I currently hold. And YES, I'd buy the whole company if I could, and more at a reasonable price certainly...

News Update: So a natural spin-off in order to focus increasing its cement sales five-fold over the next 5 years - http://af.reuters.com/ar...s/idAFJOE69A04M20101011

He says "Do I want to continue running a cement business in four or five countries when I'm 60 years old? I don't know."

who believes that 5fold5yrs? somebody tell me, i jump into this thing.
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sheep
#4 Posted : Monday, October 11, 2010 9:35:36 PM
Rank: Veteran


Joined: 7/24/2008
Posts: 781
This is the kind of sales pitch that scares the hell outta me....Id be more pleased if they were more conservative in their projections.
The utimate goal of investing is to buy low sell high;if we re-write this core equation in psychology terms it becomes buy fear sell greed.
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