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Pan Africa Insurance 1H13 PAT jumps 266%
Rank: Member Joined: 2/18/2011 Posts: 448
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Another 69,300 shares moving today with counter closing at 69. that brings it to a total of approx 225k shares moved in 2 days which i can confidently state is what this company moves in a quarter.....something is definitely cooking.
Also 21% net foreign buy,its been a while since i saw any net foreign entry into this counter...
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Rank: Member Joined: 11/1/2013 Posts: 257
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mibbz wrote:a massive 155,100 shares have moved today.....seems the seller who was offloading 147,000 shares last week at 70 bob finally found a buyer.....or can we speculate Sanlam is taking over? Interesting counter indeed....
@magnate i was worried about that huge supply chunk but it seems its almost out of the way;expect a race towards 100 bob soon am firmly on this one No diagnosis,no pragnosis,no pragnosis no profit......Jesse livermore
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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Magnate wrote:mibbz wrote:a massive 155,100 shares have moved today.....seems the seller who was offloading 147,000 shares last week at 70 bob finally found a buyer.....or can we speculate Sanlam is taking over? Interesting counter indeed....
@magnate i was worried about that huge supply chunk but it seems its almost out of the way;expect a race towards 100 bob soon am firmly on this one
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Rank: Elder Joined: 6/20/2007 Posts: 2,037 Location: Lagos, Nigeria
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This couter has been consistent in the last 2 years, I see it approaching 100 in 2014, factoring in excellent net income growth and Sanlam of s/a connection. The wazua spirit as members is to educate and inform and learn from others within the limit of what we know in any chosen area irrespective of our differences in tribes, nationalities, etc. .
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Rank: Elder Joined: 6/23/2009 Posts: 13,551 Location: nairobi
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one stock i reget not gettin into when all my stock pickin signs read BUY
HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Member Joined: 2/18/2011 Posts: 448
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It moved approximately 22k shares today at a steady 69.50;there is a big seller exiting and from what has moved so far during the week; i can postulate approx 300k shares have/are being offloaded at a mean of 70 bob with almost 250k shares being snapped up thus far
Once the remaining 50k shares or thereabout are out of the way,expect price to launch into space
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Rank: Member Joined: 2/18/2011 Posts: 448
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52k shares have moved today,supply has diminished at 70 bob;am glad that huge chunk of 300k shares has gone.
new testing level is 75 bob,lets see if the buyers shall meet suppliers...30k shares available there
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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GO GO GO. The way is open for 80.00 and above The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Member Joined: 11/1/2013 Posts: 257
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mibbz wrote:52k shares have moved today,supply has diminished at 70 bob;am glad that huge chunk of 300k shares has gone.
new testing level is 75 bob,lets see if the buyers shall meet suppliers...30k shares available there i saw a 73.0 trade today the jiko has started blazing No diagnosis,no pragnosis,no pragnosis no profit......Jesse livermore
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Rank: Elder Joined: 6/20/2007 Posts: 2,037 Location: Lagos, Nigeria
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young wrote:This couNter has been consistent in the last 2 years, I see it approaching 100 in 2014, factoring in excellent net income growth and Sanlam of s/a connection. The wazua spirit as members is to educate and inform and learn from others within the limit of what we know in any chosen area irrespective of our differences in tribes, nationalities, etc. .
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Rank: Member Joined: 2/18/2011 Posts: 448
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We are firmly in the 70s with a high of 73 today; still a lot of head room for this stock considering its low float and expected capital gains on the back of good results.
For a long time the market was luke warm on this stock but things are looking up especially if you consider this company made 800Mil H1 2013 profits and KQ made 535Mil H1 2013 ....
To all the patient ones our time to reap is coming soon,to the Wanjikus its time to 'dandia' the bus as its leaving....
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Rank: Member Joined: 8/3/2007 Posts: 146
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Rank: Elder Joined: 12/7/2012 Posts: 11,908
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There is still serious head room on this share. Been a good wait. In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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Rank: Member Joined: 2/8/2007 Posts: 808
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This is getting overstretched I believe.
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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Kausha wrote:This is getting overstretched I believe. were just getting started here. end of next year, time to harvest The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
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Kausha wrote:This is getting overstretched I believe. Fair value today = 110... Some of us started at 40bob but the march continues steadily on!! Mark 12:29
Deuteronomy 4:16
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Rank: Member Joined: 2/8/2007 Posts: 808
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That fair value is very wonky and based on gut estimates than the underlying book in the business. Look at pan africa's Embedded value and you will realize that the price is exegerated and highly unlikely a takeover would happen at such elevated Embedded Value multiples. At 75 the counter is trading at an approx EV multiple of 1.7 suggesting at least 50% premium to fair value.
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Rank: Member Joined: 11/1/2013 Posts: 257
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guru267 wrote:Kausha wrote:This is getting overstretched I believe. Fair value today = 110... Some of us started at 40bob but the march continues steadily on!! started at 36 .chewed a sweet dividend of 3 bob per share.sold at 60.only 2 realise the mistake.got in back again at 62,66,69 .this thing wil b driven by sentiments and promising dividend prospects rather than value.the march continues No diagnosis,no pragnosis,no pragnosis no profit......Jesse livermore
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Rank: Chief Joined: 1/3/2007 Posts: 18,121 Location: Nairobi
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Kausha wrote:That fair value is very wonky and based on gut estimates than the underlying book in the business. Look at pan africa's Embedded value and you will realize that the price is exegerated and highly unlikely a takeover would happen at such elevated Embedded Value multiples. At 75 the counter is trading at an approx EV multiple of 1.7 suggesting at least 50% premium to fair value. Speculation cannot be fought. We can't sell short. And until Sanlam gets its 60% (or is it 75%) there is little one can do. Once it has what it wants, the price will probably stagnate. I would rather buy Britam for the long-haul. As Warren Buffett says. In the long term, the market is a weighing machine not a popularity contest. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Member Joined: 11/1/2013 Posts: 257
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mibbz wrote:We are firmly in the 70s with a high of 73 today; still a lot of head room for this stock considering its low float and expected capital gains on the back of good results.
For a long time the market was luke warm on this stock but things are looking up especially if you consider this company made 800Mil H1 2013 profits and KQ made 535Mil H1 2013 ....
To all the patient ones our time to reap is coming soon,to the Wanjikus its time to 'dandia' the bus as its leaving....
@mibbz ..mboss are you watching this...ka lada No diagnosis,no pragnosis,no pragnosis no profit......Jesse livermore
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Pan Africa Insurance 1H13 PAT jumps 266%
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