But others are making money in the speculation as it is now!!!!!

@magnate....been following this stock past 6 months,this was inevitable. as i said profits are up this year and any sensible take over by Sanlam should happen before release of results as it shall become too expensive for them post release of results

Again 300k shares moved last week,thats a big entry by deep pockets; I believe it was Sanlam buying in.

Lets wait for 100 bob very soon

SA firm’s stake in Pan Africa doubles to Sh4.1 billion

link

But lets crunch the numbers using available data,both from wazua page and the BD story;

Pan Africa has 96,000,000 issued shares as per data on the wazua stock profiler page
.
Allow me to copy paste the BD article here with acknowledgment of the author, George Ngigi

'Regulatory filings to the Capital Markets Authority shows Sanlam bought 108,600 shares in the eight months to August, raising its total shareholding to 53.6 million shares.

This is in line with the company’s disclosure of intention to increase its stake in the insurer to 60 per cent from the 50 per cent held then. As at end of August its stake was 55.81 per cent, from 55.69 per cent in December.'


In August 2013 Sanlam had accumulated 53.6 Million shares equivalent to approximately 55.83%. This is 4.17% or approximately 4 Million shares below their target of 60% acquisition.

I can confidently state since August this year not more than a million Pan Africa shares have traded;i check the stock every single day and the most action it has seen this year was almost 450k shares moving last 2 weeks within which a notable
block of approximately 300k shares was available at a price of 70 bob earlier on in the price rally.In fact appetite at 70 was so high thus the reason it edged to 73 where 4k shares existed momentarily then went to 75-76 range till yesterday.

Lets be real,if you were the investment manager to the anonymous buyer(Sanlam) would you wait for price to reach 100 bob then buy or start buying now?!

What might have spooked huge anonymous buyer(Sanlam) into buying was the report on insurance sector valuation released last week;Pan Africa had the biggest upside in valuation thus anticipated capital gains and possibly existing shareholders firmly clutching onto their stock.

Lastly, remember the Insurance act is to be amended to allow foreign ownership of insurance firms to exceed 60%,that shall be the last nail on the coffin of doubt as to the future of valuations in this sector as it shall open it up to M n A....

Factor the above into the price and you shall see why the price is edging higher;it can only stop if you sell 3 Million shares to Sanlam or unless someone convinces them to change strategy on an investment that has made them 2 Billion this year.

The above is my theory on the whole Pan Africa issue;Thanks

Fair value = 110

Lets make money people!!!

@Kausha true,they haven't delisted their other operations in the rest of Africa.and i think in the grand scale of things 200 Million Rand in a year from one unit is not a bad number,

All in all lets make money,they are yet to source 3 Million shares and getting that shall be a tough call.
A good example is today,there is a block of 110,100 available at 89 bob.As you can see their is appetite for the stock as 88 just printed right now.

Good work ,the hypothesis well confirmed and seconded we shall be toasting on this counter come Feb 2014

Doubt anyone can change their strategy if they have made such kind of money..

But they can talk to Merali who made a similar amount in a day during the sale of Kencel to Celtel

ditto that @Aguy

Tungoje FY. All our insurers hawapeani q3

Hello!
nice to be involved in a rally like this, and I entered kimchezochezo