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Scangroup HY 2013 EPS down a shocking 98%
Rank: Elder Joined: 9/15/2006 Posts: 3,905
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Not sure if what I'm reading on pg 5 of Business Daily is true. Scangroup, not in an election year. Scangroup overall revenue dropped only 4%. But Operating Profit (excluding Nigeria effect) down 85%. This share is now not overvalued, it is just preposterous http://www.scangroup.biz/pdf/Gr...Results%E2%80%932013.pdf You tell me what I'm missing...
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Rank: Member Joined: 3/20/2008 Posts: 503
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muganda wrote:Not sure if what I'm reading on pg 5 of Business Daily is true. Scangroup, not in an election year. Scangroup overall revenue dropped only 4%. But Operating Profit (excluding Nigeria effect) down 85%. This share is now not overvalued, it is just preposterous http://www.scangroup.biz/pdf/Gr...Results%E2%80%932013.pdf You tell me what I'm missing... BTW was there a profit warning?????????
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Rank: Elder Joined: 6/2/2011 Posts: 4,818 Location: -1.2107, 36.8831
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xxxxx wrote:muganda wrote:Not sure if what I'm reading on pg 5 of Business Daily is true. Scangroup, not in an election year. Scangroup overall revenue dropped only 4%. But Operating Profit (excluding Nigeria effect) down 85%. This share is now not overvalued, it is just preposterous http://www.scangroup.biz/pdf/Gr...Results%E2%80%932013.pdf You tell me what I'm missing... BTW was there a profit warning????????? Is a warning a must for half year? And some guys here were saying that ScanGroup is cheap not so long ago! SMH Receive with simplicity everything that happens to you.” ― Rashi
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Rank: Elder Joined: 8/16/2011 Posts: 2,297
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Rank: Elder Joined: 8/16/2011 Posts: 2,297
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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Dude...sema kinyume cha matarajio?! Anyway, accepted and moved on 
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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@Symbols, must have gone into a comma on seeing this. Pole kwako na @Cde lakini mambo bado, Cavendish dilution is coming
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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Cde Monomotapa wrote:Dude...sema kinyume cha matarajio?! Anyway, accepted and moved on ^In advance bouyed by Cavendish. Now to find a better re-entry.
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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Rank: Chief Joined: 1/3/2007 Posts: 18,124 Location: Nairobi
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1H results do not require a Profit Warning since these are unaudited results. 2H expected to be better BUT the PER gives me nightmares! Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
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VituVingiSana wrote:1H results do not require a Profit Warning since these are unaudited results. 2H expected to be better BUT the PER gives me nightmares! @VVS this thing makes Home Afrika look extremely cheap on a relative forward basis! Mark 12:29
Deuteronomy 4:16
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Rank: Chief Joined: 1/3/2007 Posts: 18,124 Location: Nairobi
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guru267 wrote:VituVingiSana wrote:1H results do not require a Profit Warning since these are unaudited results. 2H expected to be better BUT the PER gives me nightmares! @VVS this thing makes Home Afrika look extremely cheap on a relative forward basis! Though ScanGroup has a real business. WPP knew about the 1H 2013 loss yet went ahead & bought more shares at a 30% premium + a share swap. I am staying far away from HAFR until it touches 8-ish levels. Even then, I prefer KK at 8-ish vs HAFR. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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VituVingiSana wrote:guru267 wrote:VituVingiSana wrote:1H results do not require a Profit Warning since these are unaudited results. 2H expected to be better BUT the PER gives me nightmares! @VVS this thing makes Home Afrika look extremely cheap on a relative forward basis! Though ScanGroup has a real business. WPP knew about the 1H 2013 loss yet went ahead & bought more shares at a 30% premium + a share swap. I am staying far away from HAFR until it touches 8-ish levels. Even then, I prefer KK at 8-ish vs HAFR. HAFR & SCAN makes financials (banks and insurance) look extremely cheap in ALL aspects
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Rank: Elder Joined: 9/15/2006 Posts: 3,905
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I can see why KK at 8/= is a fair buy. I would say the same for SCAN below 40/= noting track record, WPP capital, CEO. Did you know that SCAN makes one-third of entire group revenues from 4 clients? (Safaricom, EABL, Unilever, Reckit) Now HomeAfrika  ...may make the @guru speculative money like MSC. My lack of abilities directs me to keep off both stocks for a long while. mwekez@ji wrote:VituVingiSana wrote:guru267 wrote:VituVingiSana wrote:1H results do not require a Profit Warning since these are unaudited results. 2H expected to be better BUT the PER gives me nightmares! @VVS this thing makes Home Afrika look extremely cheap on a relative forward basis! Though ScanGroup has a real business. WPP knew about the 1H 2013 loss yet went ahead & bought more shares at a 30% premium + a share swap. I am staying far away from HAFR until it touches 8-ish levels. Even then, I prefer KK at 8-ish vs HAFR. HAFR & SCAN makes financials (banks and insurance) look extremely cheap in ALL aspects
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Rank: Veteran Joined: 6/23/2011 Posts: 1,740 Location: Nairobi
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Always look where the business is coming from.. it will tell you if the co has a great future
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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Will Scangroup strike a deal with Goodluck Jonathan while he's in town
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Rank: Elder Joined: 3/19/2013 Posts: 2,552
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Competition,consumerism and politics
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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symbols wrote:Competition,consumerism and politics Good to see you back @symbols. You should check HY 2013 results to see the impact of politics
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Rank: Elder Joined: 3/19/2013 Posts: 2,552
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mwekez@ji wrote:symbols wrote:Competition,consumerism and politics Good to see you back @symbols. You should check HY 2013 results to see the impact of politics Had to recharge the batteries.Expected it to be at 45.Haven't seen anything on politics that is bad.The staff costs worries me but things are just getting started.
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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symbols wrote:mwekez@ji wrote:symbols wrote:Competition,consumerism and politics Good to see you back @symbols. You should check HY 2013 results to see the impact of politics Had to recharge the batteries.Expected it to be at 45.Haven't seen anything on politics that is bad.The staff costs worries me but things are just getting started. Politics is the main reason for the massive decline in HY13 EPS. Company dint benefit from the political boom. If anything, the political boom scared away Scangroup business
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Scangroup HY 2013 EPS down a shocking 98%
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