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haiyaa
#11 Posted : Monday, May 03, 2010 8:13:02 AM
Rank: Member

Joined: 7/23/2008
Posts: 99
is the market unaware of these 'news', No price movement at all
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subaru
#12 Posted : Monday, May 03, 2010 8:23:20 AM
Rank: Member

Joined: 3/15/2010
Posts: 391
Location: nairobie
@ haiyaa its has traded at 29.25 slowly goin up
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VituVingiSana
#13 Posted : Monday, May 03, 2010 9:49:54 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,361
Location: Nairobi
LOL... I told you the jamaa is on the acquisition path!
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Gordon Gekko
#14 Posted : Thursday, May 26, 2011 2:01:05 PM
Rank: Elder

Joined: 5/27/2008
Posts: 3,760
VituVingiSana wrote:
GG - Your examples are flawed

1) Uchumi - Always had cash since it went public. One of favorite managers was Suresh Shah (I made good money on Uchumi when I was starting out). Shah built up Uchumi from bottom. An old mzee told me that the day Shah leaves, he will sell his shares. I sold mine as well.

Then came kirubi. Mwizi with his background in kenatco.

2) Access Kenya - I think the Somens will do OK. They need to bulk up but may have made bad choices. Overpaid for one acquisition. They have used cash + debt to expand their reach all over Nairobi. Good move.

I met Thakkar at an investment conference in 2008. What he told us (we were a group) is that ScanGroup will keep the cash UNTIL they find a suitable investment. In the meantime they will leave it in Infrastructure T-Bonds earning 13% NET AFTER TAX. He felt the premiums sellers wanted were too high.

He is right. Since SG raised the funds, the values of PR/Ads firms across Africa (Kenya is a cash cow not a growth market) has dropped.


@vvs, I was looking at this thread after I noticed that Scan is at ksh 50 today. I had wanted to note that when I exited at ksh 65 I planned on reentry at ksh 55, but I'm now wondering if it can go lower.

BTW, your comments above on Access, were you on sigara kubwa???Sad
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VituVingiSana
#15 Posted : Thursday, May 26, 2011 3:01:44 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,361
Location: Nairobi
Gordon Gekko wrote:
VituVingiSana wrote:
GG - Your examples are flawed

1) Uchumi - Always had cash since it went public. One of favorite managers was Suresh Shah (I made good money on Uchumi when I was starting out). Shah built up Uchumi from bottom. An old mzee told me that the day Shah leaves, he will sell his shares. I sold mine as well.

Then came kirubi. Mwizi with his background in kenatco.

2) Access Kenya - I think the Somens will do OK. They need to bulk up but may have made bad choices. Overpaid for one acquisition. They have used cash + debt to expand their reach all over Nairobi. Good move.

I met Thakkar at an investment conference in 2008. What he told us (we were a group) is that ScanGroup will keep the cash UNTIL they find a suitable investment. In the meantime they will leave it in Infrastructure T-Bonds earning 13% NET AFTER TAX. He felt the premiums sellers wanted were too high.

He is right. Since SG raised the funds, the values of PR/Ads firms across Africa (Kenya is a cash cow not a growth market) has dropped.


@vvs, I was looking at this thread after I noticed that Scan is at ksh 50 today. I had wanted to note that when I exited at ksh 65 I planned on reentry at ksh 55, but I'm now wondering if it can go lower.

BTW, your comments above on Access, were you on sigara kubwa???Sad
On Access, I was careful how I phrased it. I said the Somens (not AK) will do OK. In addition, I have admit the scenario for AK changed huge from 2009 to 2010...!
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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tom_boy
#16 Posted : Thursday, May 26, 2011 4:35:34 PM
Rank: Member

Joined: 2/20/2007
Posts: 767
On Access, I was careful how I phrased it. I said the Somens (not AK) will do OK. In addition, I have admit the scenario for AK changed huge from 2009 to 2010...!
[/quote]
Shame on you Shame on you
They must find it difficult....... those who have taken authority as the truth, rather than truth as the authority. -G. Massey.
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FundamentAli
#17 Posted : Thursday, May 26, 2011 5:01:34 PM
Rank: Veteran

Joined: 11/4/2008
Posts: 1,289
Location: Nairobi
Gordon Gekko wrote:
A company sitting on cash is a dangerous company. Last I checked Scangroup had 1B in cash. When Uchumi was sitting on cash ( I think it was 600M), the directors went to town. When Access was sitting on cash, they paid top dollar for (in my opinion) irrelevant companies. I hope Thakkar does not pay a hefty premium for that stake.


Cash is cursed. Companies with huge reserves or retained profits always attract raiders. They take over the board and do deals to eat up those reserves with the money ending up in their pockets. A historical study of our market reveals this.
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  | | Edit by user: Thursday, May 26, 2011 5:03 PM | Reason: Not specified
cnn
#18 Posted : Tuesday, August 07, 2012 12:17:00 PM
Rank: Veteran

Joined: 6/17/2009
Posts: 1,627
From 39 and we are still going up now at 58.Is something in the offing?,i will be smiling at a 50% return if we get to 60.
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mlennyma
#19 Posted : Tuesday, August 07, 2012 12:24:05 PM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
All i know is that scan is a very bad dividend payer but good in bonus and capital gain.
"Don't let the fear of losing be greater than the excitement of winning."
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Jamani
#20 Posted : Tuesday, August 07, 2012 12:58:05 PM
Rank: Elder

Joined: 9/12/2006
Posts: 1,554
BIDS 64,100
Quantity Price Splits Time
11,600 58.00 2 12:21:43
12,600 56.00 2 12:21:43
15,000 55.50 2 12:21:43
10,000 55.00 1 12:21:43
9,900 54.50 1 12:21:43
ASKS 1,300
Quantity Price Splits Time
1,300 60.00 1 12:21:43
- - - -
- - - -
- - - -
- - - -
TRADES
Quantity Price Time
300 58.00 12:21:41
200 58.00 11:44:50
3,800 58.00 11:21:45
19,000 58.00 11:21:45
100 57.50 11:21:45
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