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What is the future of Safaricom Share ?
ecstacy
#51 Posted : Friday, July 18, 2008 9:55:00 AM
Rank: Elder

Joined: 2/26/2008
Posts: 4,449
Discouraging. Foreigners (who were meant to stabilise the share in the secondary market) have flooded the SCOM supply. Trading at 6.20/= and the supply is currently twice the demand accelerating panic selling. We may cross the Ksh. 6/= barrier soon. Make your call as a buyer or seller.

you snooze you lose,you lose you booze
The General
#52 Posted : Friday, July 18, 2008 9:55:00 AM
Rank: Member

Joined: 6/3/2006
Posts: 553
even buying at IPO price was a mistake

The thicker the thigh the sweeter the pie.
The thicker the thigh the sweeter the pie.
Maiduda
#53 Posted : Friday, July 18, 2008 10:03:00 AM
Rank: Member

Joined: 7/7/2008
Posts: 23
I envy the guys who will buy it at 4.00 or 3.80....lucky fellas

The only way to double your money without any risk is by folding a note into two and putting it in your pocket
keeps
#54 Posted : Friday, July 18, 2008 10:17:00 AM
Rank: Member

Joined: 9/14/2006
Posts: 2
The future of Safaricom share is the future of communications in Kenya. So long as people communicate Safaricom will make money. The more prudent/mature thing is to hold UNTIL they announce HALF YEAR RESULTS soon then act accordingly.

What is going on at the NSE is' foreign' (local - lets be honest) players dumping/making money from charging 0 CENTS for a Ksh 50 BILLION IPO !!!!!



Sigiriri
#55 Posted : Friday, July 18, 2008 10:45:00 AM
Rank: Member

Joined: 6/26/2008
Posts: 319
This is the future of safaricom share @keeps has replied to almost all threads trying to encourage everyone - the truth........is out there!! Windfall? Not with this one,those of us screaming caution at the top of our voices were shunned until now.

Those shares you are so eager to hold onto - will be traded for a beer at nairobi west some day

as Eddiemundu says at times - uuuuuuzaaaaaaaaaaaaaaaaaaa!!!


Bidii yangu
The General
#56 Posted : Friday, July 18, 2008 10:49:00 AM
Rank: Member

Joined: 6/3/2006
Posts: 553
i wonder what maturity has to do with this..

i think the real test for safcom would be if Michael left the helm

The thicker the thigh the sweeter the pie.
The thicker the thigh the sweeter the pie.
ecstacy
#57 Posted : Friday, July 18, 2008 12:01:00 PM
Rank: Elder

Joined: 2/26/2008
Posts: 4,449
The reason the share has tumbled in the last few is not because of all those reasons that were being touted. Simply put,it is not Eveready. Foreigners selling off this early with those numbers was not a scenario anyone envisaged. As we approach end year and/or March next year,the share should pick up. As panic selling kicks in,I'm almost certain to buy in the Ksh. 5.50/= or less range if that does happen.

you snooze you lose,you lose you booze
kamaumash
#58 Posted : Friday, July 18, 2008 12:07:00 PM
Rank: Member

Joined: 7/7/2008
Posts: 49
hallo guys

me i think we are being unfair to this scom share,we are talking about it as if is the only shares whos price have gone down,most of the shares prices have gone down u guys give it time,it will come up with time,is just the other day that we bought this share,stop mob justice


invest slowly on a monthly basis dont wait till ati u get millions
jokes
#59 Posted : Friday, July 18, 2008 12:29:00 PM
Rank: Member

Joined: 7/1/2008
Posts: 323
have you guys been reading the bd africa lately. tells you alot if its true. we are in for the long haul. sell make your profits and buy at 3 or 4 shillings. business not feelings should rule your decisions.
sky 7
#60 Posted : Friday, July 18, 2008 1:11:00 PM
Rank: Member

Joined: 3/7/2008
Posts: 2
The BD article confims that atleast 30% of the daily supplies is coming from abroad yet the biggest investor in this category Morgan Stanley has yet to dispose off its lot. When this happens - reckons its going to happen soon coz they want to recover their fees from the little margin they can salvage then this share can only head south....

The biggest worry is the fact that foreign investors (with professional knowledge on how the telecommunication sector indexes behave) are offloading..... the writing is on the wall.


The rung of a ladder was never meant to be rested upon,but only to hold your
foot long enough to put the foot higher!

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