Does anyone know when SCAN is to release the results for year ended 31st Dec 09? Last year at around 16th Apr they had released the numbers.

Mmm mhhh, we need the results, can hardly wait to see what Bharat's been up to...

Wazuans, scangroup results for the year ended 31 dec 2009 are to be released immently and given that they invested the money from WPP into T.Bonds per the 1H results/announcement coupled with the resurgence of the economy they should be good, i think this would be a good buy at 28/29 for short term basis only. What are your thoughts???

With a rebound in the economy companies advertising spend will definately increase. The recent launch of digital advertising in a joint venture is timely especially given the fibre optic potential.

Around March in another Joint Venture with Smollan Group, Scangroup will be involved in Field Marketing to offer logistical support and in-store brand services.

With these new initiatives the company is still relevant in its field and more revenues should flow in.

At current prices I am 56% into Scan.

Results are out this afternoon:

Earnings attributable to shareholders are up 29.8% to 398.5 million. However, EPS is flat against last year at 1.81 vis-a-vis 1.79 for 2008. This is due to the increase in share capital with additional shares having been issued to WPP. It is worth noting that almost the entire increase in earnings (Kshs 91,478,000) was due to the interest earned on govt securities (Kshs 92,221,000).