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Scangroup FY 2013 results profit down 2%
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dunkang
#31 Posted : Wednesday, April 30, 2014 11:30:20 AM
Rank: Elder

Joined: 6/2/2011
Posts: 4,824
Location: -1.2107, 36.8831
Sufficiently Philanga....thropic wrote:
There's a corporateannouncement to the effect that those 2 trades were completed in error and as such will not go through nor will they affect today's average price (VWAP)
#source:MyStocks

After reading this, @realtreaty faints!Laughing out loudly
Receive with simplicity everything that happens to you.” ― Rashi

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hisah
#32 Posted : Wednesday, April 30, 2014 11:47:33 AM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
Geez what the heck... NSE ATS experiencing the US market fat finger syndrome Sad

Did someone "accidentally" enter 247 instead of 47...??
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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muganda
#33 Posted : Wednesday, April 30, 2014 12:09:39 PM
Rank: Elder

Joined: 9/15/2006
Posts: 3,907
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Realtreaty
#34 Posted : Wednesday, April 30, 2014 12:12:47 PM
Rank: Elder

Joined: 8/16/2011
Posts: 2,387
dunkang wrote:
Sufficiently Philanga....thropic wrote:
There's a corporateannouncement to the effect that those 2 trades were completed in error and as such will not go through nor will they affect today's average price (VWAP)
#source:MyStocks

After reading this, @realtreaty faints!Laughing out loudly

Someone might when SCANgrouping punched the enlargement button on the scanner!!!! So the Results seems ENLARGED!!!Sad d'oh! Sad d'oh!
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Pesa Nane
#35 Posted : Wednesday, April 30, 2014 12:13:20 PM
Rank: Elder

Joined: 5/25/2012
Posts: 4,105
Location: 08c
hisah wrote:
Geez what the heck... NSE ATS experiencing the US market fat finger syndrome Sad

Did someone "accidentally" enter 247 instead of 47...??

2, 4 and 7? That's a mighty fat finger. Or how is that keypad configured? d'oh! d'oh!
Pesa Nane plans to be shilingi when he grows up.
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Angelica _ann
#36 Posted : Friday, May 02, 2014 5:42:15 PM
Rank: Elder

Joined: 12/7/2012
Posts: 11,935
Why the crazy drop beyond the 10% daily limit 2 days in a raw
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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mwekez@ji
#37 Posted : Friday, May 02, 2014 6:25:22 PM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
@Angelica _ann, the 10% limit on this counter should actually be waived for about a week to allow descend to proper price.

Note the message from NSE today

Please note that the scangroup transaction at Kes 247.00 concluded on wednesday was in order and therefore settlement will proceed in accordance with the Trading Rules. Please also note that the 10% limit in Scangroup has been lifted in today's session.
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2012
#38 Posted : Saturday, May 03, 2014 12:13:42 AM
Rank: Elder

Joined: 12/9/2009
Posts: 6,592
Location: Nairobi
From a very reliable source, it looks like stones have started rolling with the Ogilvy CEO being the first soon to be replaced by an American lady who's currently the MD of Ogilvy New York. That's huge! This simply says Cavendish are now taking over control.

BBI will solve it :)
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sparkly
#39 Posted : Saturday, May 03, 2014 1:34:03 PM
Rank: Elder

Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
I find Scangroup results peculiar due to earnings from special items ie valuations and revaluations of investments in related entities.


The figures of receivables is also quite high compared to billings (I hope this is an Industry norm rather than a sign of unrecoverable debts).

A positive is that the company is awash with cash approx KShs 2B.
Life is short. Live passionately.
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Realtreaty
#40 Posted : Saturday, May 03, 2014 9:26:04 PM
Rank: Elder

Joined: 8/16/2011
Posts: 2,387
The stock will start rising after the dividends are paid. By August it might touch a high of 70.
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