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Scangroup Africa
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Realtreaty
#1 Posted : Wednesday, October 29, 2014 2:31:41 PM
Rank: Elder


Joined: 8/16/2011
Posts: 2,297
This is a company owned by heavyweights and carrying their businesses in larger Africa with partners awide. The stock in NSE has not improved after having a bigger than normal perfomance in FY2013. The stock plumeted to lows of 43 afterwards from 72. Some may say it was due to dilution of the stock by creation of new shares for the partner. But the worst or good for that matter is that the said partner entered at 85 per stock. How will the new partner ever recover? Had the new partner pressumed the stock to go up to 120-150 ranges?
Where is the stock headed to?
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Wendz
#2 Posted : Wednesday, October 29, 2014 2:41:23 PM
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Joined: 6/19/2008
Posts: 4,268
Realtreaty wrote:
This is a company owned by heavyweights and carrying their businesses in larger Africa with partners awide. The stock in NSE has not improved after having a bigger than normal perfomance in FY2013. The stock plumeted to lows of 43 afterwards from 72. Some may say it was due to dilution of the stock by creation of new shares for the partner. But the worst or good for that matter is that the said partner entered at 85 per stock. How will the new partner ever recover? Had the new partner presumed the stock to go up to 120-150 ranges?
Where is the stock headed to?


apart from the price gains, we also need to look at what other benefits the new partner envisaged from this company. what are his/its other businesses? what value would such businesses gain from being in partnership with this company?
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shrewdinvestor
#3 Posted : Wednesday, October 29, 2014 3:21:05 PM
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Joined: 9/12/2014
Posts: 120
Location: Nyali
Wendz wrote:
Realtreaty wrote:
This is a company owned by heavyweights and carrying their businesses in larger Africa with partners awide. The stock in NSE has not improved after having a bigger than normal perfomance in FY2013. The stock plumeted to lows of 43 afterwards from 72. Some may say it was due to dilution of the stock by creation of new shares for the partner. But the worst or good for that matter is that the said partner entered at 85 per stock. How will the new partner ever recover? Had the new partner presumed the stock to go up to 120-150 ranges?
Where is the stock headed to?


apart from the price gains, we also need to look at what other benefits the new partner envisaged from this company. what are his/its other businesses? what value would such businesses gain from being in partnership with this company?

Thats correct sir!Its not always about capital gains;there are other strategic reasons.In addition the company still has got strong fundamentals and have got lucrative contracts including one with Konza city..
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shrewdinvestor
#4 Posted : Wednesday, October 29, 2014 3:24:22 PM
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Joined: 9/12/2014
Posts: 120
Location: Nyali
At present,this is the best price to get a piece of the pie!
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Realtreaty
#5 Posted : Sunday, November 02, 2014 12:49:14 PM
Rank: Elder


Joined: 8/16/2011
Posts: 2,297
Wendz wrote:
Realtreaty wrote:
This is a company owned by heavyweights and carrying their businesses in larger Africa with partners awide. The stock in NSE has not improved after having a bigger than normal perfomance in FY2013. The stock plumeted to lows of 43 afterwards from 72. Some may say it was due to dilution of the stock by creation of new shares for the partner. But the worst or good for that matter is that the said partner entered at 85 per stock. How will the new partner ever recover? Had the new partner presumed the stock to go up to 120-150 ranges?
Where is the stock headed to?


apart from the price gains, we also need to look at what other benefits the new partner envisaged from this company. what are his/its other businesses? what value would such businesses gain from being in partnership with this company?

This is not a church you are now preaching !!!! i want those other benefits that you hve seen with scangroup.How would you tell it to an O'Level student who has done business Finance, accounting and Economics?
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Realtreaty
#6 Posted : Tuesday, November 25, 2014 7:48:53 AM
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Joined: 8/16/2011
Posts: 2,297
Has scangroup scanned something in hurry. It had a dash with a 9.52% in the morning that was latter eroded before the laser colour dried. Was there some gossip from management that the cleaners overhead??
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mlennyma
#7 Posted : Tuesday, November 25, 2014 8:23:19 AM
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Joined: 7/21/2010
Posts: 6,183
Location: nairobi
I still hold the view that it will take a lightening flash for scangroup to jump to 70
"Don't let the fear of losing be greater than the excitement of winning."
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Gatheuzi
#8 Posted : Tuesday, November 25, 2014 8:50:31 AM
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Joined: 8/16/2009
Posts: 994
Most of staff at Ogilvy offices were moved to ScanGroup's main office and a lot of cost cutting has been happening. Iam optimistic of an excellent full year performance, coupled with a ride to 60.
Time is money, so money is time. Money saved is time gained in reverse! Money stores your life’s energy. You expend your energy, get paid money, and store that money for a future purchase made in a currency.
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lochaes
#9 Posted : Tuesday, November 25, 2014 9:02:35 AM
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Joined: 6/30/2014
Posts: 86
Location: nairobi
Gatheuzi wrote:
Most of staff at Ogilvy offices were moved to ScanGroup's main office and a lot of cost cutting has been happening. Iam optimistic of an excellent full year performance, coupled with a ride to 60.


and their clients have kept them busy this year
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2012
#10 Posted : Tuesday, November 25, 2014 10:25:57 AM
Rank: Elder


Joined: 12/9/2009
Posts: 6,592
Location: Nairobi
Gatheuzi wrote:
Most of staff at Ogilvy offices were moved to ScanGroup's main office and a lot of cost cutting has been happening. Iam optimistic of an excellent full year performance, coupled with a ride to 60.


Where do you get your facts from???
Ogilvy occupies three floors in three different buildings far from Scangroup's main office. Ogilvy is also heavily populated by expatriates from Europe and India (which nobody can make sense of) and you know they are not taking home pocket change. Can't wait to see scangroup's wage bill. Anyway, pay them a visit as an investor and find out for yourself.

BBI will solve it :)
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Gatheuzi
#11 Posted : Tuesday, November 25, 2014 6:43:09 PM
Rank: Veteran


Joined: 8/16/2009
Posts: 994
2012 wrote:
Gatheuzi wrote:
Most of staff at Ogilvy offices were moved to ScanGroup's main office and a lot of cost cutting has been happening. Iam optimistic of an excellent full year performance, coupled with a ride to 60.


Where do you get your facts from???
Ogilvy occupies three floors in three different buildings far from Scangroup's main office. Ogilvy is also heavily populated by expatriates from Europe and India (which nobody can make sense of) and you know they are not taking home pocket change. Can't wait to see scangroup's wage bill. Anyway, pay them a visit as an investor and find out for yourself.

I have been to one of Ogilvy's office to make note of the changes. For an advertising company wages are obviously the only real cost, expartiates may not be cheap but as long as they add value, why should I complain.
Time is money, so money is time. Money saved is time gained in reverse! Money stores your life’s energy. You expend your energy, get paid money, and store that money for a future purchase made in a currency.
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Realtreaty
#12 Posted : Friday, February 06, 2015 7:17:19 PM
Rank: Elder


Joined: 8/16/2011
Posts: 2,297
When will this stock behave like a real Alligator in the waters? The old strong and promising stock faded away though with strong investors and expansion. Is it touching 70 again very soon?
I think I will avoid all stocks with CEOor Chairmen of Indian(Asian) Origin...they seem to be enriching themselves only at the expense of investors.
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uchumi
#13 Posted : Friday, February 06, 2015 7:22:49 PM
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Joined: 9/16/2006
Posts: 229
what about jubilee with a ceo of indian origin
“I don’t regret the things I’ve done, I regret the things I didn’t do when I had the chance.”
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uchumi
#14 Posted : Friday, February 06, 2015 7:24:09 PM
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Joined: 9/16/2006
Posts: 229

The stock is a gem after the major shareholder increased his holdings to over 50%.
“I don’t regret the things I’ve done, I regret the things I didn’t do when I had the chance.”
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VituVingiSana
#15 Posted : Friday, February 06, 2015 9:00:50 PM
Rank: Chief


Joined: 1/3/2007
Posts: 18,121
Location: Nairobi
Realtreaty wrote:
When will this stock behave like a real Alligator in the waters? The old strong and promising stock faded away though with strong investors and expansion. Is it touching 70 again very soon?
I think I will avoid all stocks with CEOor Chairmen of Indian(Asian) Origin...they seem to be enriching themselves only at the expense of investors.

Why did you buy Scangroup? At what price? What was your criteria? Fundamentals?
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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ayushnehra
#16 Posted : Friday, February 06, 2015 11:28:21 PM
Rank: Member


Joined: 1/4/2015
Posts: 153
Realtreaty wrote:
When will this stock behave like a real Alligator in the waters? The old strong and promising stock faded away though with strong investors and expansion. Is it touching 70 again very soon?
I think I will avoid all stocks with CEOor Chairmen of Indian(Asian) Origin...they seem to be enriching themselves only at the expense of investors.


I think that is an extremely cheap statement you make that CEO or Chairmen of "Indian" origin are there to enrich themselves..That is the case with every CEO regardless of their skin colour.They are up there and are so for a reason.

Be an educated investor. On the other hand the fact that ScanGroup has partnered with a company of Oglivy's standing should tell you this company is going in the right direction. It has employed expatriates to help the grow the company. it's a long term vision. I understand one may want to see growth in share value, but there are other companies for that, this one is for long term people.

If you really want to do things..Invest an amount such that you will be on the board..then you can make decision that you believe will favour your share value..!
Dreams are not the thing you see in your sleep..it's the thing that doesn't let you sleep. - A.P.J. Abdul Kalam
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Cde Monomotapa
#17 Posted : Wednesday, February 11, 2015 11:51:35 PM
Rank: Chief


Joined: 1/13/2011
Posts: 5,964
ayushnehra wrote:
Realtreaty wrote:
When will this stock behave like a real Alligator in the waters? The old strong and promising stock faded away though with strong investors and expansion. Is it touching 70 again very soon?
I think I will avoid all stocks with CEOor Chairmen of Indian(Asian) Origin...they seem to be enriching themselves only at the expense of investors.


I think that is an extremely cheap statement you make that CEO or Chairmen of "Indian" origin are there to enrich themselves..That is the case with every CEO regardless of their skin colour.They are up there and are so for a reason.

Be an educated investor. On the other hand the fact that ScanGroup has partnered with a company of Oglivy's standing should tell you this company is going in the right direction. It has employed expatriates to help the grow the company. it's a long term vision. I understand one may want to see growth in share value, but there are other companies for that, this one is for long term people.

If you really want to do things..Invest an amount such that you will be on the board..then you can make decision that you believe will favour your share value..!


Order... Do refer to the Wazua spirit. @ayush, keep on.
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Realtreaty
#18 Posted : Thursday, February 12, 2015 12:18:57 AM
Rank: Elder


Joined: 8/16/2011
Posts: 2,297
ayushnehra wrote:
Realtreaty wrote:
When will this stock behave like a real Alligator in the waters? The old strong and promising stock faded away though with strong investors and expansion. Is it touching 70 again very soon?
I think I will avoid all stocks with CEOor Chairmen of Indian(Asian) Origin...they seem to be enriching themselves only at the expense of investors.


I think that is an extremely cheap statement you make that CEO or Chairmen of "Indian" origin are there to enrich themselves..That is the case with every CEO regardless of their skin colour.They are up there and are so for a reason.

Be an educated investor. On the other hand the fact that ScanGroup has partnered with a company of Oglivy's standing should tell you this company is going in the right direction. It has employed expatriates to help the grow the company. it's a long term vision. I understand one may want to see growth in share value, but there are other companies for that, this one is for long term people.

If you really want to do things..Invest an amount such that you will be on the board..then you can make decision that you believe will favour your share value..!

Laughing out loudly Laughing out loudly Laughing out loudly @ Ayushnehra.....you can't refuse to accept the truth just because you are one of them. Lets call a spade a spade!!!!.Companies run by CEO of Indian Origin have shown that trend for so long in any way.At the end of it they are NEVER as Philanthropic as others- Any multiples is for them only. No strings attached and I think its the family leadership/ownership issues.
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VituVingiSana
#19 Posted : Thursday, February 12, 2015 3:58:51 AM
Rank: Chief


Joined: 1/3/2007
Posts: 18,121
Location: Nairobi
Realtreaty wrote:
ayushnehra wrote:
Realtreaty wrote:
When will this stock behave like a real Alligator in the waters? The old strong and promising stock faded away though with strong investors and expansion. Is it touching 70 again very soon?
I think I will avoid all stocks with CEOor Chairmen of Indian(Asian) Origin...they seem to be enriching themselves only at the expense of investors.


I think that is an extremely cheap statement you make that CEO or Chairmen of "Indian" origin are there to enrich themselves..That is the case with every CEO regardless of their skin colour.They are up there and are so for a reason.

Be an educated investor. On the other hand the fact that ScanGroup has partnered with a company of Oglivy's standing should tell you this company is going in the right direction. It has employed expatriates to help the grow the company. it's a long term vision. I understand one may want to see growth in share value, but there are other companies for that, this one is for long term people.

If you really want to do things..Invest an amount such that you will be on the board..then you can make decision that you believe will favour your share value..!

Laughing out loudly Laughing out loudly Laughing out loudly @ Ayushnehra.....you can't refuse to accept the truth just because you are one of them. Lets call a spade a spade!!!!.Companies run by CEO of Indian Origin have shown that trend for so long in any way.At the end of it they are NEVER as Philanthropic as others- Any multiples is for them only. No strings attached and I think its the family leadership/ownership issues.


I disagree. The key is to buy QUALITY management at a FAIR [not high] price. That's why I asked you earlier...
Why did you buy Scangroup?
At what price?
What was your criteria?
Fundamentals?

I wish I had invested in ScanGroup [Bharat Thakrar] vs Olympia [Michael Matu] in 2007. I would have been a millionaire many times over.

Or any Aga Khan firm [Nation, Jubilee, DTB, TPSEA]
I screwed up with NBK [it looked cheap but lousy management] vs DTB [it looked expensive but Devji has done great] at the time. Luckily, I came to my senses and chose quality over the past 6 years. NBK has cratered since vs gains in DTB. Only a few years ago NBK was much larger than DTB.

Jubilee has been a gem. I don't even care about the share price! It is a solid performer. Slow and steady. Annually. If only I had bought more. If wishes were horses.

I missed out on ARM [Pradeep Paunrana] and bought EAPCC [piece of stinking crap with rotating CEOs] coz I thought ARM was pricey on a PER basis. Whereas ARM has gone up 500% [or more] since 2007, I am break-even at best on EAPCC. And ARM [which was a distant third behind EAPCC not so long ago] has overtaken EAPCC in market share.

Among my BEST gainers have been DTB [love it], Jubilee and City Trust/I&M [Shah].
Others are Equity [Mwangi], Williamson [Carmichael], Unga [Hutchinson].
EA Cables [Kibati] was good to me but thankfully I bailed after he left. I would buy into a firm he runs!

KPLC [Gichuru, Njoroge] screwed me over. The current share price is BELOW the recent Rights Issue even after accounting for the bonus!

HFCK did poorly for me but after Frank Ireri came in, it made up the losses!
Britam [Wairegi] thank you for the great memories. I bailed too early!
Centum [Mworia] has been A+ though another I bailed out early.

My WORST have been KQ [Naikuni], Mumias [kidero] & Olympia [Matu].
And for those who remember Kenya Finance Bank [Nyammo and his band of merry crooks] in which I lost 100%. Everything. I understand he conned others who invested in Inorero University as well.

A roller-coaster has been KenolKobil [Segman] which wiped out all the prior gains! I hope Ohana can turn it around and sell it at a much higher price!

I lucked out on Access [Somen]. Went in at the IPO then bailed [small profit] then went in then bailed [loss] then went in then got taken over [profit]!

Bottomline: Buy QUALITY management at FAIR prices. If you pay too much, then cry alone... Avoid thieves like matu of Olympia, kidero/kebati of Mumias etc as well as ALL merali firms! And non-shareholder CEOs like Naikuni of KQ.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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lochaz-index
#20 Posted : Thursday, February 12, 2015 9:17:55 AM
Rank: Veteran


Joined: 9/18/2014
Posts: 1,127
@vvs I believe some of the counters you bought favour speculative punters especially the ones gava has a controlling stake.someone who invested in kengen at ipo back in 2006 is just breaking even-my take buy at 10ish and bail @17-18 this is especially so given its cycle of debt and subsequent rights issue, eapc same script-buy at 50s sell at 90-100,kenya re though currently undervaluedyou would be hard pressed to milk significant gains on the counter since its ipo, kplc despite me having it in my portfolio its been ranging first from 12 to 19 for quite a while,kq 9-14 good speculative hunt but not for the long haul.
The main purpose of the stock market is to make fools of as many people as possible.
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