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What is the future of Safaricom Share ?
maasai
#41 Posted : Tuesday, July 08, 2008 1:30:00 PM
Rank: Member


Joined: 8/18/2007
Posts: 11
Celtel may not ave a big impact on safaricom profitability expecially if it continue branding every time your about to get used to there brand name...same case applies to econet which start selling its self even b4 venturing in the market...but Telkom hmm especially considering the financial muscle of telkom france which has always been a competitor and a threat to vodafon...

A penny SAVED is a penny wasted if not INVESTED.
haira
#42 Posted : Tuesday, July 08, 2008 1:33:00 PM
Rank: Member


Joined: 3/10/2008
Posts: 1
@ Jamani

In that period,Safaricom has lost 4 staff to Telkom...and they werent head hunted,it is them wholooked for Telkom. Plans are to poach a few especially from their marketing pool. More food on the table for them!!

Safcom secrets will all be out !


To BUY or NOT to BUY
Maiduda
#43 Posted : Tuesday, July 08, 2008 1:34:00 PM
Rank: Member


Joined: 7/7/2008
Posts: 23
Hi guys,the truth of the matter is that for those that bought this share for anything more than 5 bob we have to absorb the loss. We have lost and there's nothing to do. Probably wait for 2 years when the price might come up again

The only way to double your money without any risk is by folding a note into two and putting it in your pocket
Sober
#44 Posted : Tuesday, July 08, 2008 1:40:00 PM
Rank: Elder


Joined: 11/27/2007
Posts: 3,604
this counter should be delisted!

i pray that mobitetea offers to buy the shares at 9bob. i would be more than willing to sell because this counter is holding a lot of liquidity. its impact on the NSE 20 share index is overwhelming.

look at this. safaricom improves by 5% and it is like the whole market is headed south. it dips by 10% and even the everdy shareholder is selling citing tenson has gripped the market. i think this counter is a curse to the bourse.


The real measure of wealth is how much you'd be worth if you lost all your money.
African parents don't know how to say sorry.. the closest you will get to a sorry is a 'have you eaten'
ecstacy
#45 Posted : Tuesday, July 08, 2008 2:15:00 PM
Rank: Elder


Joined: 2/26/2008
Posts: 4,449
I think it will help the NSE if the SCOM share is listed in other EA exchanges and if possible larger market exchanges. This will reduce pressure on other market counters and increase the demand available for shares in the most profitable company in this region.



you snooze you lose,you lose you booze
Jamani
#46 Posted : Tuesday, July 08, 2008 2:43:00 PM
Rank: Elder


Joined: 9/12/2006
Posts: 1,554
@Haira

Thanks for the info however 4 in 6 months,not bad considering about 60 in same period from the close opposition. Just to add on almost half of safaricom staff used to work for Kencell/celtel.

We have to look at one other dimension to this Celtel as they kept reducing the rates to capture the market made a loss of 1.5 billion safaricom made a gross profit of 20 billion. I still maintain that safaricom will return the profits it has done and even improve on them,the rest will be dog fighting for the second slot . we should think big,foreign investors have been shying away from the NSE because it was small,its only a matter of time and you will see them increase in numbers and which share will they buy with ease?
semaj
#47 Posted : Friday, July 18, 2008 9:00:00 AM
Rank: Member


Joined: 2/2/2007
Posts: 14
This our 'paka' has taken a serious beating today. Khan satchu drew his line of sand at 6.50. Does anyone know whether he has managed to offload?
Newhere
#48 Posted : Friday, July 18, 2008 9:33:00 AM
Rank: Member


Joined: 5/14/2008
Posts: 10
How much would you buy SCOM at? 5.50/= 5/= 4/=??
ikonini
#49 Posted : Friday, July 18, 2008 9:47:00 AM
Rank: Member


Joined: 8/29/2007
Posts: 93
you thought you had seen it all when Safcom traded at 7.50....

wait and see the dent it will make....if you can`t manage to hold it at Kshs 5 or less

dispose today!!!!!!


`THE EASIEST WAY TO EARN MONEY

………………… IS THE HARDEST WAY`

(QUOTE: Kularaha-Chairman SK Investment Co.)
MAKE A CHOICE TO TAKE A CHANCE OR YOUR LIFE WILL NEVER CHANGE.
Maiduda
#50 Posted : Friday, July 18, 2008 9:52:00 AM
Rank: Member


Joined: 7/7/2008
Posts: 23
It's going down to Kshs 4.50 but I guess al keep holding....what to do? Bought at 8.00

The only way to double your money without any risk is by folding a note into two and putting it in your pocket
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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