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Pan Africa Insurance FY2010 results; Profits Surges 4 folds, raises dividend to 3 bob
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mwanahisa
#21 Posted : Thursday, March 17, 2011 11:16:35 AM
Rank: Elder

Joined: 6/2/2008
Posts: 1,438
Bids at 95 have been supplied and other bidders have now retreated to 90. Seems the initial excitement is over as I averred yesterday. I am however comfortable buying at 90.
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Impunity
#22 Posted : Thursday, March 17, 2011 11:52:27 AM
Rank: Elder

Joined: 3/2/2009
Posts: 26,331
Location: Masada
mwanahisa wrote:
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.


@mwanahisa, then tell me why the high adrenaline rush for this share?
I think the price will stabilize around April 7 at Kes 80 when Ocampo 6 will be arrested, then I can board this bus.At Kes 95, nope.
d'oh!
Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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mwanahisa
#23 Posted : Thursday, March 17, 2011 11:56:40 AM
Rank: Elder

Joined: 6/2/2008
Posts: 1,438
Impunity wrote:
mwanahisa wrote:
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.


@mwanahisa, then tell me why the high adrenaline rush for this share?
I think the price will stabilize around April 7 at Kes 80 when Ocampo 6 will be arrested, then I can board this bus.At Kes 95, nope.
d'oh!


You could be right on that - i.e. price dropping to 80. I am just saying that 90 is a price where I would be comfortable based on the fundamentals, subject to the issues I raised in yesterday's posts being clarified. You will remember I cautioned folks against rushing in at 100!
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Gordon Gekko
#24 Posted : Thursday, March 17, 2011 2:35:35 PM
Rank: Elder

Joined: 5/27/2008
Posts: 3,760
Dumped it yesterday at 98.50. Will get back in ex-all anywhere sub 45.
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mwanahisa
#25 Posted : Thursday, March 17, 2011 3:14:57 PM
Rank: Elder

Joined: 6/2/2008
Posts: 1,438
Gordon Gekko wrote:
Dumped it yesterday at 98.50. Will get back in ex-all anywhere sub 45.

Good-on-you Gordon. Way to go!
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the deal
#26 Posted : Friday, March 18, 2011 9:16:33 AM
Rank: Elder

Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
Just read their Annual Report nothing suggestive they can repeat or better this years perfomance...RUN.
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gathinga
#27 Posted : Friday, March 18, 2011 10:27:19 AM
Rank: Veteran

Joined: 11/30/2006
Posts: 635
the deal wrote:
Just read their Annual Report nothing suggestive they can repeat or better this years perfomance...RUN.


Ditto! Pan Africa are good at inconsistency of earnings Year on Year. So its wisdom to treat this as a one off that wont probably be replicated
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mwanahisa
#28 Posted : Friday, March 18, 2011 11:01:03 AM
Rank: Elder

Joined: 6/2/2008
Posts: 1,438
the deal wrote:
Just read their Annual Report nothing suggestive they can repeat or better this years perfomance...RUN.


As afar as I am aware, the latest available Annual Report is the one for the 2009 Financial Year, as per their website. While I share your concerns, nay apprehensions, about their ability to sustain this performance, I would not be so quick as to dismiss this performance before I lay my hands on the facts.

Or could you could you be having the Annual Report covering the Financial Year ended 31.12.2010?
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Aguytrying
#29 Posted : Friday, March 18, 2011 8:17:59 PM
Rank: Elder

Joined: 7/11/2010
Posts: 5,040
I've done my calculations. This is easter come early at any price below 90, at 80, its an unbelievable deal. I hold reservations as to whether it'll go to 80, ex bonus, if one manager to dump at 65 bob. Its a 38% capital gain if one buys at 90, just hope it doesn't fall like a rock, to go below that.
The investor's chief problem - and even his worst enemy - is likely to be himself
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qw25041985
#30 Posted : Friday, March 18, 2011 8:42:50 PM
Rank: User

Joined: 5/9/2010
Posts: 1,418
Location: Nai
the deal wrote:
Just read their Annual Report nothing suggestive they can repeat or better this years perfomance...RUN.


dnt just tell us to run Shame on you Shame on you give us the break down of figures , what do you see.....
you are telling us to run when the share is almost up 30% . aiiih !
Your future depends on your dreams so go to sleep !
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