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Scangroup HY 2013 EPS down a shocking 98%
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guru267
#11 Posted : Saturday, August 31, 2013 6:14:24 AM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
VituVingiSana wrote:
1H results do not require a Profit Warning since these are unaudited results. 2H expected to be better BUT the PER gives me nightmares!


@VVS this thing makes Home Afrika look extremely cheap on a relative forward basis!
Mark 12:29
Deuteronomy 4:16
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  | | Edit by user: Saturday, August 31, 2013 6:15 AM | Reason: Not specified
VituVingiSana
#12 Posted : Saturday, August 31, 2013 10:00:10 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,361
Location: Nairobi
guru267 wrote:
VituVingiSana wrote:
1H results do not require a Profit Warning since these are unaudited results. 2H expected to be better BUT the PER gives me nightmares!


@VVS this thing makes Home Afrika look extremely cheap on a relative forward basis!
Though ScanGroup has a real business. WPP knew about the 1H 2013 loss yet went ahead & bought more shares at a 30% premium + a share swap. I am staying far away from HAFR until it touches 8-ish levels. Even then, I prefer KK at 8-ish vs HAFR.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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mwekez@ji
#13 Posted : Saturday, August 31, 2013 10:45:14 AM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
VituVingiSana wrote:
guru267 wrote:
VituVingiSana wrote:
1H results do not require a Profit Warning since these are unaudited results. 2H expected to be better BUT the PER gives me nightmares!


@VVS this thing makes Home Afrika look extremely cheap on a relative forward basis!
Though ScanGroup has a real business. WPP knew about the 1H 2013 loss yet went ahead & bought more shares at a 30% premium + a share swap. I am staying far away from HAFR until it touches 8-ish levels. Even then, I prefer KK at 8-ish vs HAFR.


HAFR & SCAN makes financials (banks and insurance) look extremely cheap in ALL aspects smile
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muganda
#14 Posted : Saturday, August 31, 2013 11:26:11 AM
Rank: Elder

Joined: 9/15/2006
Posts: 3,907
I can see why KK at 8/= is a fair buy.

I would say the same for SCAN below 40/= noting track record, WPP capital, CEO. Did you know that SCAN makes one-third of entire group revenues from 4 clients? (Safaricom, EABL, Unilever, Reckit)

Now HomeAfrika d'oh!
...may make the @guru speculative money like MSC. My lack of abilities directs me to keep off both stocks for a long while.


mwekez@ji wrote:
VituVingiSana wrote:
guru267 wrote:
VituVingiSana wrote:
1H results do not require a Profit Warning since these are unaudited results. 2H expected to be better BUT the PER gives me nightmares!


@VVS this thing makes Home Afrika look extremely cheap on a relative forward basis!
Though ScanGroup has a real business. WPP knew about the 1H 2013 loss yet went ahead & bought more shares at a 30% premium + a share swap. I am staying far away from HAFR until it touches 8-ish levels. Even then, I prefer KK at 8-ish vs HAFR.


HAFR & SCAN makes financials (banks and insurance) look extremely cheap in ALL aspects smile

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streetwise
#15 Posted : Saturday, August 31, 2013 11:51:09 AM
Rank: Veteran

Joined: 6/23/2011
Posts: 1,740
Location: Nairobi
Always look where the business is coming from.. it will tell you if the co has a great future
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mwekez@ji
#16 Posted : Friday, September 06, 2013 9:29:59 PM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
mwekez@ji wrote:
Wrangles in Nigeria unit hit Scangroup earnings


Will Scangroup strike a deal with Goodluck Jonathan while he's in town
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symbols
#17 Posted : Saturday, September 14, 2013 12:09:46 AM
Rank: Elder

Joined: 3/19/2013
Posts: 2,552
Competition,consumerism and politics smile
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mwekez@ji
#18 Posted : Saturday, September 14, 2013 11:39:45 AM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
symbols wrote:
Competition,consumerism and politics smile


Good to see you back @symbols. You should check HY 2013 results to see the impact of politics
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symbols
#19 Posted : Saturday, September 14, 2013 12:46:34 PM
Rank: Elder

Joined: 3/19/2013
Posts: 2,552
mwekez@ji wrote:
symbols wrote:
Competition,consumerism and politics smile


Good to see you back @symbols. You should check HY 2013 results to see the impact of politics


Had to recharge the batteries.Expected it to be at 45.Haven't seen anything on politics that is bad.The staff costs worries me but things are just getting started.
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  | | Edit by user: Saturday, September 14, 2013 12:49 PM | Reason: Not specified
mwekez@ji
#20 Posted : Saturday, September 14, 2013 1:15:13 PM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
symbols wrote:
mwekez@ji wrote:
symbols wrote:
Competition,consumerism and politics smile


Good to see you back @symbols. You should check HY 2013 results to see the impact of politics


Had to recharge the batteries.Expected it to be at 45.Haven't seen anything on politics that is bad.The staff costs worries me but things are just getting started.


Politics is the main reason for the massive decline in HY13 EPS. Company dint benefit from the political boom. If anything, the political boom scared away Scangroup business
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