Rank: Member Joined: 1/15/2010 Posts: 625
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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.
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Rank: Chief Joined: 1/3/2007 Posts: 18,349 Location: Nairobi
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@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
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Rank: Member Joined: 5/8/2008 Posts: 77
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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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