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VituVingiSana		#11 Posted : Wednesday, April 28, 2010 8:34:38 PM
Rank: Chief Joined: 1/3/2007 Posts: 18,349 Location: Nairobi		Folks... Bharat is a smart chap! He kept his powder (cash) dry (safe) earning interest while waiting for opportunities to come about... Not bad considering the economy was crappy last year... Greedy when others are fearful. Very fearful when others are greedy - *to paraphrase Warren Buffett*
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Gatheuzi		#12 Posted : Thursday, April 29, 2010 8:48:04 AM
Rank: Veteran Joined: 8/16/2009 Posts: 994		Divindends are however down to 110.34M from the previous 135.77M. Time is money, so money is time. Money saved is time gained in reverse! Money stores your life’s energy. You expend your energy, get paid money, and store that money for a future purchase made in a currency.
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VituVingiSana		#13 Posted : Thursday, April 29, 2010 8:52:23 AM
Rank: Chief Joined: 1/3/2007 Posts: 18,349 Location: Nairobi		@gatheuzi - I was at a place where BT was speaking. He said that African PR/Ad firms were selling at too high a premium so they would wait for the prices to drop... Greedy when others are fearful. Very fearful when others are greedy - *to paraphrase Warren Buffett*
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the deal		#14 Posted : Thursday, April 29, 2010 9:03:04 AM
Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery		with a pe of 15.6...a pbv of 2.6...revenue growth if 13% and a pat of 23%...this growth stock aint firing...hfck is the best at this prices.
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VituVingiSana		#15 Posted : Thursday, April 29, 2010 9:08:44 AM
Rank: Chief Joined: 1/3/2007 Posts: 18,349 Location: Nairobi		@the deal - On the P/B... Scangroup will be high coz its 'value' is not the buildings but the talent... Example: You dont buy Apple or Microsoft shares coz of the buildings or machines BUT the ideas, trademark, patents & 'software'... The software is NOT physical yet what is an iPhone without iTunes? Or if Steve Jobs suddenly retired... Apple shares fell last year when he was sick... Greedy when others are fearful. Very fearful when others are greedy - *to paraphrase Warren Buffett*
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Gatheuzi		#16 Posted : Thursday, April 29, 2010 1:09:53 PM
Rank: Veteran Joined: 8/16/2009 Posts: 994		@ VVS At the current circumstances SCAN will have to wait before making any offer. You are right about the valuation methodology. Talent and not assets count. Infact the non-current assets are high only because of the Gvt. securities acquired. Most of the assets are just the trade and other receivables. Time is money, so money is time. Money saved is time gained in reverse! Money stores your life’s energy. You expend your energy, get paid money, and store that money for a future purchase made in a currency.
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VituVingiSana		#17 Posted : Thursday, April 29, 2010 6:49:48 PM
Rank: Chief Joined: 1/3/2007 Posts: 18,349 Location: Nairobi		@Gatheuzi - It is better to wait (patience) for the right acquisition at the right price than acquire for bragging rights! Look at Olympia Capital, which is digging itself out of the mess with the huge (for them) S.African acquisitions... Greedy when others are fearful. Very fearful when others are greedy - *to paraphrase Warren Buffett*
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2012		#18 Posted : Friday, April 30, 2010 3:23:11 PM
Rank: Elder Joined: 12/9/2009 Posts: 6,592 Location: Nairobi		Scangroup, Ogilvy mystery now unravelled. More on this link. http://www.scangroup.biz...p_Press_Announcement.pdf BBI will solve it :)
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muganda		#19 Posted : Friday, April 30, 2010 3:40:18 PM
Rank: Elder Joined: 9/15/2006 Posts: 3,907		Aaah @2012, you beat me to it. Just made a post on the same issue on another thread, but here you have all the details. Mmmmh yes, this is the kind of news I expect from Scangroup; must admire the deal maker in the man. So let me get it: -Scangroup buys 51% of O&M Africa -Scangroup buys 50% of O&M East Africa Good stuff, but this one needs regulatory approval. And must he always dilute us - but hey, no complaints.
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VituVingiSana		#20 Posted : Monday, May 03, 2010 10:01:37 AM
Rank: Chief Joined: 1/3/2007 Posts: 18,349 Location: Nairobi		LOL... I told you this jamaa is after making deals... Greedy when others are fearful. Very fearful when others are greedy - *to paraphrase Warren Buffett*
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