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De-listing safaricom
Rank: Chief Joined: 8/4/2010 Posts: 8,977
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youcan'tstopusnow wrote:mlennyma, 1. No one was cheated to take loans to buy Safaricom. Ni tamaa ya pesa nane. 2.Safaricom ikidelistiwa, Eveready itafanywa? Is paka still listed... pun intended  $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Member Joined: 8/26/2010 Posts: 124
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@kyt-thanks 4 your confesion. Next confesion please. Lol. guyz makin loses in safcom,u r not alone. I raised the red flag to my folks sometim back when mj was planin to step down(lets b honest,investors trust this c.e.o). Its now 1 month 10days to go. If safcom dropd 50 cents coz of m.js retirement speculation,what wil hapen when the rubber meets the road? All said, i hope no delisting is comin any day soon.
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Rank: Elder Joined: 6/27/2008 Posts: 4,114
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CapitalMarketsGeek wrote:Anyone who cares to study IPOs would have seen it clearly, its is a repeatitive phenomeno for over 60 yrs..... after a period of IPO underpricing follows a period of IPO overpricing..following this, Safaricom IPO was overpriced and is now trading at its market value, what Scom need to do is to buy back a junk of its shares and leavarage it with debt, in short, take loans and buy back it share. Its not their best interest to dislist and they need not to! What do you mean by " what Scom need to do is to buy back a junk (sic) of its shares" SCOM has NEVER sold shares to the public!! Therefore SCOM cannot buy them back!! GoK is the one you should be talking about...it was the one that sold shares during the IPO.. If that were to happen, the balance sheet of SCOM would not change an inch!! Nothing is real unless it can be named; nothing has value unless it can be sold; money is worthless unless you spend it.
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Rank: Elder Joined: 7/21/2010 Posts: 6,185 Location: nairobi
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I still insist this company has created a few celebrating and millions lamenting,to me that volatility is not health,right now the market is looking towards 5000pts but safcom is pulling us down and given its capitalization,it will always dictate the market and the market can hardly ignore the noise safcom makes...not good at all....my lords i cant be driven that way... "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Chief Joined: 1/3/2007 Posts: 18,137 Location: Nairobi
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Useless thread started with almost zero research or fact-checking... Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 7/21/2010 Posts: 6,185 Location: nairobi
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@vitu vingi??are u more clever than all those who have contributed?what appears stupid to you is sense to somebody else.its honourable to abstain the topics you dont like.we are in page 2 "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery
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mlennyma wrote:@vitu vingi??are u more clever than all those who have contributed?what appears stupid to you is sense to somebody else.its honourable to abstain the topics you dont like.we are in page 2  Are you this emotional?
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Rank: Chief Joined: 1/3/2007 Posts: 18,137 Location: Nairobi
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the deal wrote:mlennyma wrote:@vitu vingi??are u more clever than all those who have contributed?what appears stupid to you is sense to somebody else.its honourable to abstain the topics you dont like.we are in page 2 Are you this emotional? 1) Safaricom did NOT sell shares to raise funds. See earlier comments by @mukiha 2) GoK sold its shares to the public NOT Vodafone nor Safaricom 3) Safaricom/Vodafone would be IDIOTS to buy the shares at 10/-... 4) It is highly unlikely that Safaricom will be delisted considering its 'size' & contribution to the NSE volumes Yes... it is a 'junk' of a topic/discussion... 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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I must confess that yesterday when I read this thread, I wondered where the discussion was headed. And was stunned at the suggestion that safcom should buy back its shares for 10/=
@mlennyma can you please give us a very brief answer why it would be in safcom's best interest to delist or buy the shares back at more that twice their value.
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Rank: Veteran Joined: 5/18/2008 Posts: 796
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Ok.. Huyu jamaa anasema nini? What do you mean pulling us down? Pulling who down? and how is it pulling us down. As far as I can tell the volumes traded are making handsome commissions for brokers and handsome capital gains for investors who actually bother to keep track of the company's performance and news. Anyone can say "Malenge ni mboga". But you also have to qualify that opinion by stating that it so because malenge has 1,2,3 characteristics. VituVingiSana wrote:Useless thread started with almost zero research or fact-checking... VVS may not be cleverer than everyone else but at least he gets his facts right before posting
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Rank: Elder Joined: 2/7/2007 Posts: 11,935 Location: Nairobi
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Can't be serious.....Is this a high school class discussion ama?? Nothing great was ever achieved without enthusiasm.
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Rank: Elder Joined: 7/21/2010 Posts: 6,185 Location: nairobi
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Is this not impunity on me!!! "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Elder Joined: 7/21/2010 Posts: 6,185 Location: nairobi
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Its a fact that this share is a big headache even to michael j himself becoz it always tends to reflect his company to the public on a negative footing,he has severally come open to say the share price doesnt reflect the performance of the company.if a share creates negativity to your firm then why not just pull out? "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Elder Joined: 12/9/2009 Posts: 6,592 Location: Nairobi
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VituVingiSana wrote:4) It is highly unlikely that Safaricom will be delisted considering its 'size' & contribution to the NSE volumes A share consolidation would be good though to separate the men from the boys.
BBI will solve it :)
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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mlennyma wrote:Its a fact that this share is a big headache even to michael j himself becoz it always tends to reflect his company to the public on a negative footing,he has severally come open to say the share price doesnt reflect the performance of the company.if a share creates negativity to your firm then why not just pull out? @mlenn if you bother to do research in the companies you invest in, then you will not bother with mr market's opinion. For instance if you bought at 2.80 and you are expecting the 20 mapeni dividend in december, would you really give a hoot ati the share has now fallen to 4.50? Everyone had an equal chance to buy at that price or to sell at 5.80 juzi! 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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hisah wrote:youcan'tstopusnow wrote:mlennyma, 1. No one was cheated to take loans to buy Safaricom. Ni tamaa ya pesa nane. 2.Safaricom ikidelistiwa, Eveready itafanywa? Is paka still listed... pun intended GOD BLESS YOUR LIFE
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Rank: Elder Joined: 11/27/2007 Posts: 3,604
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this is the counter with the highest number of share holders who have absolutely no idea what happens in a stock market. that is why its post never make much sense to some people. African parents don't know how to say sorry.. the closest you will get to a sorry is a 'have you eaten'
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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Sober wrote:this is the counter with the highest number of share holders who have absolutely no idea what happens in a stock market. that is why its post never make much sense to some people. The same ones that expect chai na mkate bandika @ the AGM and 1/- or more as dividend. Itoke wapi? So is it the work of biz schools or NSE or CMA to educate investors about investing? If you don't know how to play the market, don't hate the stocks. Just put the money in a bank. At least there it loses value to inflation quietly, but you don't notice it and you sleep soundly $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Elder Joined: 3/2/2007 Posts: 8,776 Location: Cameroon
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Easy on the dude. Seems safcon has let down many pple, thats y ths thread is laden with numerous angry outbursts. TULIA.........UFUNZWE!
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Rank: Elder Joined: 6/27/2008 Posts: 4,114
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hisah wrote:youcan'tstopusnow wrote:mlennyma, 1. No one was cheated to take loans to buy Safaricom. Ni tamaa ya pesa nane. 2.Safaricom ikidelistiwa, Eveready itafanywa? Is paka still listed... pun intended Which pun is intended? There is no pun in your statement! Nothing is real unless it can be named; nothing has value unless it can be sold; money is worthless unless you spend it.
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De-listing safaricom
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