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Pan Africa Insurance FY2010 results; Profits Surges 4 folds, raises dividend to 3 bob
Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery
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http://af.reuters.com/ar...s/idAFLDE72E2BN20110315
The unit of South Africa Insurance giant Sanlam leads the way.
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Rank: Elder Joined: 5/27/2008 Posts: 3,760
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Ouch!!!! Bonus 1:1, Dividend 3/-. I kept the faith, its payback time.... BTW, I believe I called it right, read post #33 http://wazua.co.ke/forum...osts&t=8215&p=2
I drink Tusker.
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Rank: Member Joined: 4/28/2008 Posts: 53
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Very impressive results! Impressive.
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Rank: New-farer Joined: 6/3/2010 Posts: 96
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Rank: Elder Joined: 6/2/2008 Posts: 1,438
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Great results. I wonder how much of it is actually realized gains on their investments in the stock market and how much of it is due to their real estate development in Runda.
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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Great results, good div, good bonus. Wow! Early Xmas to the shareholders! Kudos!!
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Rank: Member Joined: 11/9/2010 Posts: 132
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Rank: Elder Joined: 6/2/2008 Posts: 1,438
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I am loving this. GG, I am sure you are loving it even more as you seem to be one of the big kahunas on this stock.
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Rank: New-farer Joined: 8/6/2010 Posts: 26
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Some of us ignored this counter and now are only watching from the sidelines. Hopefully Jubilee does something similar. Shame on me I have no Panafric.
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Rank: Elder Joined: 12/9/2009 Posts: 6,592 Location: Nairobi
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23% up!!! Clearly the tide has turned. This after most Financials going South despite better than expected performances is quite a surprise.
BBI will solve it :)
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Rank: Member Joined: 6/21/2010 Posts: 514 Location: Nairobi
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2012 wrote:23% up!!!
Clearly the tide has turned. This after most Financials going South despite better than expected performances is quite a surprise. Guys are actually buying this share for the Bonus issue which i think will be the best this year. It's also helping in changing Nse Investors' mindsets on shares to watch. Price went as high as 116 and people were and still are willing to buy. 'They say money cannot buy me happiness but when i compare when i had none and now, i'm happier' Kevin O'leary
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Rank: Elder Joined: 6/2/2008 Posts: 1,438
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The bonus is definitely a good one, but I am skeptical of how much further up the share price can go. At the close of trading, there was quite a bit of supply that was not taken up at 100 although there were matching bids at 95.
Buying a share at a huge markup, immediately following an announcement is always fraught with some risk. This is because you will usually not have had enough time to consider all the salient facts. I normally bid just a little higher than the last traded price and if I do not get my bid filled, I look elsewhere. I am sure that the guy(s) who bought at 110 must have been cursing when s/he (they) saw shares available at 100.
All the same , I would not however be surprised if the share at least stabilized at the 100 level or went up a little more albeit at a slower pace.
Nonetheless, I would like to know whether the reported profits are realized gains or not. I have a small stake in this company and I have known them in the past to report huge profit growth from unrealized gains on stock market investments only to have them marked down in the next reporting period.
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Rank: Member Joined: 9/25/2007 Posts: 96
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@Mwnahisa, What quantity was sold at Kshs 100? Could this have been a rabbit?
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Rank: Elder Joined: 6/2/2008 Posts: 1,438
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Evolve wrote:@Mwnahisa, What quantity was sold at Kshs 100? Could this have been a rabbit? Actually, the traded quantities at 100 were substantial. I do not have the figures but the bulk of the shares traded today were at 100.
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Rank: Veteran Joined: 12/9/2010 Posts: 894 Location: Nairobi
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and the co has issued 48m shares only. Don't wait for the Last Judgment. It happens every day. ~Albert Camus, The Fall, 1956
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Rank: Veteran Joined: 12/9/2010 Posts: 894 Location: Nairobi
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Tommy wrote:and the co has issued 48m shares only. Don't wait for the Last Judgment. It happens every day. ~Albert Camus, The Fall, 1956
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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What happened to the rule of a share not losing or gaining more that 10% on a day with news affecting it? The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
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Aguytrying wrote:What happened to the rule of a share not losing or gaining more that 10% on a day with news affecting it? You've got the rule wrong. It's actually the opposite. That's why BBK lost more than 10 percent today as the books closure was yesterday GOD BLESS YOUR LIFE
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Rank: Elder Joined: 3/2/2009 Posts: 26,330 Location: Masada
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When is the do one qualify for a bonus share? Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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Rank: Elder Joined: 6/2/2008 Posts: 1,438
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Impunity wrote:When is the do one qualify for a bonus share? Shares will trade cum-bonus and cum-dividend UNTIL May-17-2011.So you have the next 2 months to qualify for both the dividend and the bonus.
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Pan Africa Insurance FY2010 results; Profits Surges 4 folds, raises dividend to 3 bob
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