Traded 11,500 shares today to close at 30.75(up 0.50/= or 1.65%) with a high of 31.
This counter has been subdued for a long period and I think its best days are yet to be seen.
The management of Total did not buy Caltex for a flimsy reason, an analysis must have been done for them to go through with it.
An acquisition does not normally deliver immediate value to the shareholder just like:
Equity with the Uganda expansion(still making huge losses) but prospects are excellent
Access Kenya with Openview( Judging from recent comments from the management set to be profitable)
Mumias shareholders not yet realising FULL benefits of the Co-generation plant due to it repaying the PROPARCO loan.
From the above examples I think its safe to say that the "secret" of investing is to spot opportunities early on, instead of waiting for the benefits to accrue in the financial statements then rushing to your broker.
Anyone interested in Total should not wait for tHem to announce the results. I believe one should invest in companies which they only believe in the MANAGEMENT. Going by this mantra, you thus MUST trust the Total management was right to acquire Chevron Assets in Kenya.
If you don't trust the management, don't invest e.g I believe VVS will never touch Merali's companies since he doesn't trust him. Ama aje VVS?
GOD BLESS YOUR LIFE