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Safcom on a dive, whats going on?
Rank: Veteran Joined: 6/2/2010 Posts: 1,070
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hisah wrote:As for long term investors, I don't know how many of you have checked the current scom prospectus and noticed that the Chair, CEO and Investment Officer hold amongst them approx 5.5M shares. That's 0.013% of the 40B share lot?!? Even more peculiar the CFO has no holdings? . You consider a holding of about Kshs. 30 million between 3 investors small?? Safcom is a HUGE company by capitalisation, so even a 1% holding between several individuals if SIGNIFICANT.
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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0.01% is not significant. And a CFO not holding anything looks fishy... $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Elder Joined: 2/7/2007 Posts: 11,935 Location: Nairobi
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 ...Safco diehards.Reminds me of a parable Malcolm X used to tell.Looks like we got quite a bunch of house negroes right here..  http://www.zimbio.com/Bl...use+Negro+vs+Field+NegroNothing great was ever achieved without enthusiasm.
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Rank: Chief Joined: 1/3/2007 Posts: 18,137 Location: Nairobi
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Jamaas are complaining about non-ownership by Management & Board... Same shyte applies to KCB where the CEO & his deputy had ZERO shares... At least MJ has safcon shares... JM has lotsa Equity shares... Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Veteran Joined: 6/2/2010 Posts: 1,070
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hisah wrote:0.01% is not significant. And a CFO not holding anything looks fishy... Talk absolute figures, stop hiding behing %s. Pray tell, how much in Kshs. do you want them to hold? Have you ever heard of diversification? If each of these 3 individuals own Kshs. 10m worth of shares in Safcom, if they held other counters of the same value, how much would they be worth? Do you know that it is advised not to hold too much in a single stock???
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Rank: Elder Joined: 2/10/2007 Posts: 1,587
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hisah wrote:0.01% is not significant. And a CFO not holding anything looks fishy... O.01% of an empire like safcom is quite significant!
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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I rest my case. This is a futile argument. Would you trust a management or board that holds a 5% shareholding in their firm or one with minute or none and be comfortable as a long term investor? Scangroup, ARM, Equity, Coop etc... Start from here... $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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My 2 cents wrote:hisah wrote:0.01% is not significant. And a CFO not holding anything looks fishy... Talk absolute figures, stop hiding behing %s. Pray tell, how much in Kshs. do you want them to hold? Have you ever heard of diversification? If each of these 3 individuals own Kshs. 10m worth of shares in Safcom, if they held other counters of the same value, how much would they be worth? Do you know that it is advised not to hold too much in a single stock??? Quote:As for long term investors, I don't know how many of you have checked the current scom prospectus and noticed that the Chair, CEO and Investment Officer hold amongst them approx 5.5M shares. That's 0.013% of the 40B share lot?!? Even more peculiar the CFO has no holdings? That was my initial post with the % figures. Read their prospectus or download it from their website. $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Veteran Joined: 6/2/2010 Posts: 1,070
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hisah wrote:I rest my case. This is a futile argument. Would you trust a management or board that holds a 5% shareholding in their firm or one with minute or none and be comfortable as a long term investor?
Scangroup, ARM, Equity, Coop etc... Start from here... YOU JUST DO NOT GET IT. DO YOU????????????? Safcom is worth 210 BILLION!!!!!!! You want 3 board members to hold 5%; that translates to about 10 BILLION; 3 BILLION EACH. Even if they wanted to, WHERE THE HECK ARE THEY SUPPOSSED TO GET THAT KIND OF MONEY!!!!!!!!!!!!!!!
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Rank: Chief Joined: 1/3/2007 Posts: 18,137 Location: Nairobi
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@My2Cents is right... This is a HUGE firm... 50bn shares! As is, the management (or others) were limited to buying only a 'few' shares... Co-op Bank & Equity Bank had PRIVATE PLACEMENTS where the Management were able to buy many more shares (or a higher %) vs the IPO for Safaricom... ScanGroup & ARM are/were 'family' firms thus the owners held large stakes. Note that Bharat Thakrar's stake has been diluted since WPP came on board... I am not sure about ARM tho the family was diluted after they sold shares to Bamburi... Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Member Joined: 3/5/2008 Posts: 532 Location: Nairobi
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sparkly wrote:I wonder what happened to local loop operators like flashcom and the others i can't remember. Kweli investing in techology si mchezo. True dude, investing in technology, is 100% risk. Dont touch, even with a long, long stick.
Strive not to be a success, but rather to be of value. –Albert Einstein.
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Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
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hisah, Safaricom hit a low of 4.85 today, fairly below your 5 bob target. Still thinking of getting in? GOD BLESS YOUR LIFE
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Rank: Veteran Joined: 3/12/2010 Posts: 1,199 Location: Eastlander
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two stories worth considering regarding technical analysis for Safaricom http://www.businessdaily.../-/vigtrqz/-/index.html
http://www.businessdaily...70/-/ul6b1f/-/index.html..Let your light so shine before men, that they may see your good works, and glorify your Father which is in heaven...Matt5:16
- 1769 Oxford King James Bible 'Authorized Version
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Rank: Veteran Joined: 1/7/2010 Posts: 1,279 Location: nbi
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Interestingly Safcom might even do the 20% drop I mentioned today. Tutangia 2nd Republic at 4.60. Aly "get rich, or die trying" Khan also Safcom biggest cheerleader has been v quite about it The Governor of Nyeri - 2017
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Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
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guru, fancy picking up some more at 2.80? GOD BLESS YOUR LIFE
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Rank: Veteran Joined: 7/24/2008 Posts: 781
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SAF should sell at a p/e of not more than 12....do the math The utimate goal of investing is to buy low sell high;if we re-write this core equation in psychology terms it becomes buy fear sell greed.
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Rank: Elder Joined: 3/19/2010 Posts: 3,504 Location: Uganda
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ati Scon is silently charging sms at 3.50/= what a shame  !!!!!!!!! punda amecheka
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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Another one was called popote wireless, their former MD was appointed marketing director by orange this week kivairu wrote:sparkly wrote:I wonder what happened to local loop operators like flashcom and the others i can't remember. Kweli investing in techology si mchezo. True dude, investing in technology, is 100% risk. Dont touch, even with a long, long stick. Life is short. Live passionately.
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Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
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Sparkly, check out Failed tech companies that blew it in the last 2 decades. www.davidlouisedelman.co...y/failed-tech-companies/ and Top ten computer failures www.miguelcarrasco.net/m.../10/10_biggest_comp.htmlGOD BLESS YOUR LIFE
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Rank: Veteran Joined: 4/16/2010 Posts: 906 Location: Nairobi
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kivairu wrote:sparkly wrote:I wonder what happened to local loop operators like flashcom and the others i can't remember. Kweli investing in techology si mchezo. True dude, investing in technology, is 100% risk. Dont touch, even with a long, long stick. This made me smile. Not laugh, but smile.
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