Thakkar just doubled his wealth in less than 6 months. Pity he can't sell coz that would lead to loss of control.

Thakrar is a smart guy. His plan is to exit ScanGroup in an orderly fashion... Succession planning?

Unlike some founders he does not plan to die with the Company! Or put the Company in a spot where it dies just after he dies or leaves!

Look at the crooks in Olympia...

BTW for those who reviwed the Proforma Consolidated income statement from Scan, it put the profit to shareholders at 430M up from 399M as at Dec 09.That gives an adjusted EPS of 1.83.

If they grow this by 40% (very generous), the EPS as at Dec 10 will be 2.6.

That tells us that still at 62 the PE will be at 24.

That said I hold the opinion that the price should be under 50.

Im a big believer of this counter. I bought quite a number at 25/- sold half at 35 and the other half at 55/-. My question is; is scangroup a good buy @64/-? I can bet you the most you'll get in dividend is btwn 1-1.50/-
I honestly think scangroup should be trading at 40/-. What do you all think?

I think people are buying Scan groups Pan African drive...if you look at it Scan is no longer an East African company...