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Scangroup HY 2013 EPS down a shocking 98%
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muganda
#1 Posted : Thursday, August 29, 2013 9:16:51 AM
Rank: Elder

Joined: 9/15/2006
Posts: 3,907
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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xxxxx
#2 Posted : Thursday, August 29, 2013 9:33:32 AM
Rank: Member

Joined: 3/20/2008
Posts: 503
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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dunkang
#3 Posted : Thursday, August 29, 2013 9:49:58 AM
Rank: Elder

Joined: 6/2/2011
Posts: 4,824
Location: -1.2107, 36.8831
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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Realtreaty
#4 Posted : Thursday, August 29, 2013 11:00:21 AM
Rank: Elder

Joined: 8/16/2011
Posts: 2,388
Pray Laughing out loudly Laughing out loudly Laughing out loudly Mgema akisifiwa pombe, hulitia maji. Now these guys are diluting what used to be good stock selling to outside investors whose intention is to bring it down then plan a takeover and delist. It is synonymous to infecting a dairy cow with a disease then buying the cow at a throw away price, then treat it and back to normal and make money!
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Realtreaty
#5 Posted : Thursday, August 29, 2013 11:01:56 AM
Rank: Elder

Joined: 8/16/2011
Posts: 2,388
Pray Laughing out loudly Laughing out loudly Laughing out loudly Mgema akisifiwa pombe, hulitia maji. Now these guys are diluting what used to be good stock selling to outside investors whose intention is to bring it down then plan a takeover and delist. It is synonymous to infecting a dairy cow with a disease then buying the cow at a throw away price, then treat it and back to normal and make money!
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  | | Edit by user: Thursday, August 29, 2013 11:06 AM | Reason: Not specified
Cde Monomotapa
#6 Posted : Thursday, August 29, 2013 11:29:33 AM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
Dude...sema kinyume cha matarajio?! Anyway, accepted and moved on smile
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mwekez@ji
#7 Posted : Thursday, August 29, 2013 11:30:24 AM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
@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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  | | Edit by user: Thursday, August 29, 2013 11:35 AM | Reason: Not specified
Cde Monomotapa
#8 Posted : Thursday, August 29, 2013 11:32:41 AM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
Cde Monomotapa wrote:
Dude...sema kinyume cha matarajio?! Anyway, accepted and moved on smile

^In advance bouyed by Cavendish. Now to find a better re-entry.
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mwekez@ji
#9 Posted : Friday, August 30, 2013 9:03:24 AM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
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VituVingiSana
#10 Posted : Friday, August 30, 2013 11:36:36 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,361
Location: Nairobi
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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  | | Edit by user: Friday, August 30, 2013 11:42 PM | Reason: Not specified
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