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scangroup results FY2010 profits up 60%
ngapat
#1 Posted : Monday, April 18, 2011 10:55:12 PM
Rank: Member


Joined: 12/11/2006
Posts: 896
www.businessdailyafrica....2/-/t9pty2z/-/index.html
“Invest in yourself. Your career is the engine of your wealth.”
the deal
#2 Posted : Monday, April 18, 2011 11:13:50 PM
Rank: Elder


Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
Fantastic numbers from Scan Group, the performance is well in correlation with strong GDP growth of over 5% in 2010, the Company is also reaping it big from their acquisition of Ogilvy Africa, the acquisition gives them exposure to 20 Africa countries. At a trailing PE of 20 the Company is trading at a premium but with the Sub Saharan region projected to grow at above 5% i believe there is further head room in terms of earnings with inflation being the biggest draw back.

Courtesy of http://contrarianinvesti...group-fy-2010-up-60.html
Cde Monomotapa
#3 Posted : Tuesday, April 19, 2011 12:28:37 AM
Rank: Chief


Joined: 1/13/2011
Posts: 5,964
Wonderful numbers indeed. Serious cash generation closing at 2.2B..That is like 9 bob a share! Aikaramba! Nevertheless, my concerns about this company have been confirmed..over valued on a p/e basis, poor dividend yield, i'd care less about the bonus. On the other-hand, happy about the average 175% capital gains made from Scan upon full divesture in lots. Miss u a lot sweetheart, but i'm off to seek another flipper and more with KCB!

Darn I hate parting with such a wonderful company. Hata kama ni biashara, I could shed a tear. When I remember buying some @ 14 bob in 2009 (lower than WPP's 21 bob buy-in)...sniff, sniff.
Cde Monomotapa
#4 Posted : Tuesday, April 19, 2011 12:41:32 AM
Rank: Chief


Joined: 1/13/2011
Posts: 5,964
Gordon Gekko
#5 Posted : Tuesday, April 19, 2011 7:08:40 AM
Rank: Elder


Joined: 5/27/2008
Posts: 3,760
Got out sometime back at 65. Will try to get back in at 55 cum allsmile
mlennyma
#6 Posted : Tuesday, April 19, 2011 8:21:09 AM
Rank: Elder


Joined: 7/21/2010
Posts: 6,191
Location: nairobi
This company is almost winning the africa advertising space and this sector is key to every business,it has captured the multinationals and the future can only be bright.
"Don't let the fear of losing be greater than the excitement of winning."
ProverB
#7 Posted : Tuesday, April 19, 2011 9:33:46 AM
Rank: Veteran


Joined: 3/12/2010
Posts: 1,199
Location: Eastlander
aaaaaand now is when people rush for scangroup? LOL! Laughing out loudly Laughing out loudly
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Iborian
#8 Posted : Tuesday, April 19, 2011 10:03:27 AM
Rank: Member


Joined: 4/17/2009
Posts: 194
ProverB wrote:
aaaaaand now is when people rush for scangroup? LOL! Laughing out loudly Laughing out loudly


Aaaaargh. Honestly, I don't see what the excitement is all about.
Magnetic Touch
#9 Posted : Tuesday, April 19, 2011 11:37:06 AM
Rank: Member


Joined: 12/31/2008
Posts: 90
Iborian wrote:
ProverB wrote:
aaaaaand now is when people rush for scangroup? LOL! Laughing out loudly Laughing out loudly


Aaaaargh. Honestly, I don't see what the excitement is all about.


You have to remember these guys are the master of spin. Thakrar and his group can make an EPS of 2.6 look like 10. You have got to admire the chaps. Meanwhile the price marches on.
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