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Pan Africa Insurance FY 2013 PAT up 108%
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mibbz
#41 Posted : Wednesday, March 05, 2014 10:58:27 AM
Rank: Member


Joined: 2/18/2011
Posts: 448
Having been on the road for the last 2 days,i haven't had a solid opportunity to reply but am glad I have almost become the brand ambassador for Pan Africa.It is a pity management did not read the mood of investors, to some extent it is their role to safeguard shareholder interest however populist the move is.

Possible rebound after all sellers pass through the phases of denial

2 things to note:

1.Yesterday the entry by foreign holders was 45%;it can be speculated price was too high for a Sanlam entry and this presents an opportunity for them to mop up shares when price hits rock bottom

2.if your neighbours house is burning, yours might be next. Pan Africa has dampened the mood for the other insurance sector companies like Britam & Kenya Re,i do not expect a significant rise in their prices after release of results; this might just be the best time to exit the counters.
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MaichBlack
#42 Posted : Wednesday, March 05, 2014 10:59:33 AM
Rank: Elder


Joined: 7/22/2009
Posts: 7,460
Metasploit wrote:
Support at 100.See the greed stepping in!

The real panic will come if and when share breaks below 100!!

snipermnoma wrote:
Blood is on the streets on this one, those who got out at or above 140 were wise. There will be an opportunity to re-enter at 100 or below by end of March.


100/= will print tomorrow 6th March 2014!!!
Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
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mibbz
#43 Posted : Wednesday, March 05, 2014 11:01:44 AM
Rank: Member


Joined: 2/18/2011
Posts: 448
dunkang wrote:
expectations dashed, then Ukraine situation. RUN!!!!!!!!!



Best word to describe the situation,hehehe
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Goldilocks Reloaded
#44 Posted : Wednesday, March 05, 2014 11:11:20 AM
Rank: Member


Joined: 1/14/2014
Posts: 178
Bids = 0 Asks are @104/=. Whoever is interested in 100/= can bid and for sure you will get it today.
Go for a business that any idiot can run – because sooner or later, any idiot is probably going to run it – Peter Lynch
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heri
#45 Posted : Wednesday, March 05, 2014 11:23:51 AM
Rank: Member


Joined: 9/14/2011
Posts: 834
Location: nairobi
mibbz wrote:
Having been on the road for the last 2 days,i haven't had a solid opportunity to reply but am glad I have almost become the brand ambassador for Pan Africa.It is a pity management did not read the mood of investors, to some extent it is their role to safeguard shareholder interest however populist the move is.

Possible rebound after all sellers pass through the phases of denial

2 things to note:

1.Yesterday the entry by foreign holders was 45%;it can be speculated price was too high for a Sanlam entry and this presents an opportunity for them to mop up shares when price hits rock bottom

2.if your neighbours house is burning, yours might be next. Pan Africa has dampened the mood for the other insurance sector companies like Britam & Kenya Re,i do not expect a significant rise in their prices after release of results; this might just be the best time to exit the counters.


Did you sell? or still holding on?

I surely don't feel like selling Kenya Re. i got in at sh 16.40 mid last year and was hoping for a better return. Think i will hold for the long haul
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pnyaga
#46 Posted : Wednesday, March 05, 2014 11:31:06 AM
Rank: New-farer


Joined: 1/28/2014
Posts: 26
Time to buy Pan African Insurance & CFC Stanbic. Both Shares will stabilize at Kshs.150/=
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georgegop
#47 Posted : Wednesday, March 05, 2014 11:44:47 AM
Rank: Member


Joined: 8/30/2010
Posts: 183
Location: Migingo
Which one between Panafric & CFC Stanbic would one recommend for a buy?
Don't Work for Money, Let Money Work for You..
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mwekez@ji
#48 Posted : Wednesday, March 05, 2014 11:55:53 AM
Rank: Chief


Joined: 5/31/2011
Posts: 5,121
georgegop wrote:
Which one between Panafric & CFC Stanbic would one recommend for a buy?

..................... CFC .....................
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georgegop
#49 Posted : Wednesday, March 05, 2014 12:00:29 PM
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Joined: 8/30/2010
Posts: 183
Location: Migingo
Thanks Mwekez@ji
Don't Work for Money, Let Money Work for You..
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mwekez@ji
#50 Posted : Wednesday, March 05, 2014 12:07:48 PM
Rank: Chief


Joined: 5/31/2011
Posts: 5,121
Karibu @georgegop
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Metasploit
#51 Posted : Wednesday, March 05, 2014 12:13:14 PM
Rank: Veteran


Joined: 3/26/2012
Posts: 985
Location: Dar es salaam,Tanzania
mwekez@ji wrote:
georgegop wrote:
Which one between Panafric & CFC Stanbic would one recommend for a buy?

..................... CFC .....................


CFC--Healthy bull.No steep price rises,healthy pullbacks and very predictable.

When a stock rises steadily it becomes inconspicous to the eyes of the speculators and the 'public' who get to know about the rise much later.Thus profit taking surprises are few

Panafric has been on a speculative play since the 80 levels.Its even difficult to draw support and resistance levels..

“The pessimist complains about the wind; the optimist expects it to change; the realist adjusts the sails.”
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Metasploit
#52 Posted : Wednesday, March 05, 2014 12:25:06 PM
Rank: Veteran


Joined: 3/26/2012
Posts: 985
Location: Dar es salaam,Tanzania
Angelica _ann wrote:
Shakeout before another take off and the journey begins .... Would buy more at 90 bob


Really a shakeout as in the classical shakeout of weeding the weeklings?? Ama prices just falling as locked in speculators are trying to make an exit ???

“The pessimist complains about the wind; the optimist expects it to change; the realist adjusts the sails.”
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Metasploit
#53 Posted : Wednesday, March 05, 2014 12:33:10 PM
Rank: Veteran


Joined: 3/26/2012
Posts: 985
Location: Dar es salaam,Tanzania
Metasploit wrote:
Angelica _ann wrote:
Shakeout before another take off and the journey begins .... Would buy more at 90 bob


Really a shakeout as in the classical shakeout of weeding the weeklings?? Ama prices just falling as locked in speculators are trying to make an exit ???


All in all the end results is the same

“The pessimist complains about the wind; the optimist expects it to change; the realist adjusts the sails.”
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dunkang
#54 Posted : Wednesday, March 05, 2014 12:40:56 PM
Rank: Elder


Joined: 6/2/2011
Posts: 4,818
Location: -1.2107, 36.8831
georgegop wrote:
Which one between Panafric & CFC Stanbic would one recommend for a buy?

C.F.C Stanbic.

Why???

Form is temporary, CLASS IS PERMANENT!!!!
Receive with simplicity everything that happens to you.” ― Rashi

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Sufficiently Philanga....thropic
#55 Posted : Wednesday, March 05, 2014 2:39:30 PM
Rank: Elder


Joined: 9/23/2010
Posts: 2,221
Location: Sundowner,Amboseli
Goldilocks Reloaded wrote:
Bids = 0 Asks are @104/=. Whoever is interested in 100/= can bid and for sure you will get it today.

Maximum allowable drop/rise in a day is 10%
In this case 103.
@SufficientlyP
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Magnate
#56 Posted : Thursday, March 06, 2014 1:01:40 PM
Rank: Member


Joined: 11/1/2013
Posts: 257
FY through 31st December 2013 versus 31st December 2012
FY Gross written premium 5.324099b versus 5.440654b -2.14%
FY Net written premium 5.101827b versus 5.125634b
FY Investment Income 1.534084b versus 1.244574b
Fair Value Gains 1.168709b versus 0.879863b +32.82%
Other Operating Income 685.054m versus 594.404m
FY Other Revenue 3.440527b versus 2.795207b +23.0866%
Total Income 8.542354b versus 7.920841b
FY Net Claims and Policy Holder Benefits [5.274338b] versus [5.521395b]
FY Total benefits claims and other expenses [7.027998b] versus [7.087865b]
FY Profit Before Tax 1.516444b versus 834.646m +81.687%
FY Profit after Tax 1.250432b versus 600.24m +108.32%
FY EPS 13.05 versus 6.25 +108.8%
Dividend 4.5 versus 3.00 +50%

This results still remain brilliant results even though we didnt fast enough to bring bonuses/splits.the >4 dividends have been confirmed.the problem is we expect the books to close in May and cheques in june.a huge gap to allow the market to play around with the prices.

I would still love to cling on this share no matter the volatility of the markey#longterm play.

Am sitting tight on this one.
No diagnosis,no pragnosis,no pragnosis no profit......Jesse livermore
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Sufficiently Philanga....thropic
#57 Posted : Thursday, March 06, 2014 1:40:39 PM
Rank: Elder


Joined: 9/23/2010
Posts: 2,221
Location: Sundowner,Amboseli
All supply taken.Some lucky guy who got in at 93 in the morning is up almost 20% for the daysmile
@SufficientlyP
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mypesa
#58 Posted : Tuesday, March 11, 2014 11:07:39 AM
Rank: Member


Joined: 8/14/2007
Posts: 111
I salute the sellers who are holding on and on . Interesting to see how share behaves btwn now and the months before books closure.
Even In The Most Severe Drought In The Jungle Lions Will Never Feed On Grass.
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mibbz
#59 Posted : Wednesday, March 12, 2014 2:07:33 PM
Rank: Member


Joined: 2/18/2011
Posts: 448
...and the insurance numbers are trickling, 1% profit growth?! Still believe this has the best growth in the industry for 2013 and the plans for future look pretty fresh,lean and have potential to make lots of $$$.
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Magnate
#60 Posted : Thursday, March 13, 2014 7:53:33 PM
Rank: Member


Joined: 11/1/2013
Posts: 257
For the loyal members who did not panic sell ,120 printed today,remain calm we are headed back to 140.
No diagnosis,no pragnosis,no pragnosis no profit......Jesse livermore
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