Results coming very soon and are likely to be underwhelming for the 126bob share price...

Good luck to the people who are still in here!


@guru267 did you not exit Pan Africa for Home Afrika.....i shall take my chances,am very sure the results are solid. Good luck on home afrika!!

the constant debates we have had over the year are finally proving what most of us thought and the stratergy is paying off.i shall alight at my stage in a few days,which is at ksh 200

@guru267 with max respect I have followed your comments on several occasions and realised you are a critic esp to other Wazuans in praise of stocks they strongly believe in . Any stock not in your 'waki envelope' is non-performer . That's why you differ with @Obiero...
As long as our diverse investment strategies work kudos to all Wazuans

Hahahaaa...guys are calculating 10% everyday and pegging their asking price near there.

For those with a good memory, they shall remember that guru never bought panafrica shares in real life. she used her own words to state it was a buy at only kes 13 or lower!!! well, it never reached there.. and she now wants you to sell a gem ndio muende mununue eveready, kenyare au home afrika. tafadhali shikilieni kwa walio ndani ya panafrica express

are u comparing the gains between kenyare and panafrica?

But lets crunch the numbers using available data,both from wazua page and the BD story;

Pan Africa has 96,000,000 issued shares as per data on the wazua stock profiler page
.
Allow me to copy paste the BD article here with acknowledgment of the author, George Ngigi

'Regulatory filings to the Capital Markets Authority shows Sanlam bought 108,600 shares in the eight months to August, raising its total shareholding to 53.6 million shares.

This is in line with the company’s disclosure of intention to increase its stake in the insurer to 60 per cent from the 50 per cent held then. As at end of August its stake was 55.81 per cent, from 55.69 per cent in December.'


In August 2013 Sanlam had accumulated 53.6 Million shares equivalent to approximately 55.83%. This is 4.17% or approximately 4 Million shares below their target of 60% acquisition.

I can confidently state since August this year not more than a million Pan Africa shares have traded;i check the stock every single day and the most action it has seen this year was almost 450k shares moving last 2 weeks within which a notable
block of approximately 300k shares was available at a price of 70 bob earlier on in the price rally.In fact appetite at 70 was so high thus the reason it edged to 73 where 4k shares existed momentarily then went to 75-76 range till yesterday.

Lets be real,if you were the investment manager to the anonymous buyer(Sanlam) would you wait for price to reach 100 bob then buy or start buying now?!

What might have spooked huge anonymous buyer(Sanlam) into buying was the report on insurance sector valuation released last week;Pan Africa had the biggest upside in valuation thus anticipated capital gains and possibly existing shareholders firmly clutching onto their stock.

Lastly, remember the Insurance act is to be amended to allow foreign ownership of insurance firms to exceed 60%,that shall be the last nail on the coffin of doubt as to the future of valuations in this sector as it shall open it up to M n A....

Factor the above into the price and you shall see why the price is edging higher;it can only stop if you sell 3 Million shares to Sanlam or unless someone convinces them to change strategy on an investment that has made them 2 Billion this year.

The above is my theory on the whole Pan Africa issue;Thanks

@metaspolt really depends on profile of the potential investor.its akin to asking,would you buy NMG at ksh 310 or SGL at 28.