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mv_ufanisi
#21 Posted : Wednesday, March 31, 2010 8:26:00 AM
Rank: Member


Joined: 1/15/2010
Posts: 625
There's also the great deal they made with Alliance in buying 450million worth of Carbacid. Given that the share price has more than doubled and gave a very generous dividend, that is some big gains.
Additionally a lot of their listed equities have risen by HUGE margins since March 31st 2009 e.g. KQ, MSC etc.
Compare March 31st 2009 equity prices to prices on March 31st 2010 and u can be sure that their NAV will be way higher than last years.
VituVingiSana
#22 Posted : Wednesday, March 31, 2010 11:33:27 PM
Rank: Chief


Joined: 1/3/2007
Posts: 18,120
Location: Nairobi
@MV is right... and the unlisted wud have also benefited...
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Kaffir
#23 Posted : Saturday, April 03, 2010 6:18:26 PM
Rank: Member


Joined: 5/8/2008
Posts: 77
In addition, their mid year results stated one of the excuses for reduced performance as changes in reporting time-line for some of their key investments. The company should see some good results, but as a short term gain. Its still not something i would hold long term.. Good for under 1 year holding.
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