hisah wrote:kaifastus wrote:ChessMaster wrote:hisah wrote:Quietly the price creeps back to 5.80/- one 1st trading day of March 2013 with 72hrs remaining before the polls. Looming breakout on this compressing triangle with resistance @5.80. Potential direction favours upside than downside from the coiled up pattern. If all goes well with the polls I think we could see 6/- broken all the way to 6.30 - 6.40 levels!?
I have a feeling it might reach 7 this year.
I still feel safcom is expensive at current price...to justify its price, the giant needs several more seasons of sustained growth.
Just like EABL & ARM. But foreigners keep buying... I'd say foreigners see safaricom's potential to tap into financial transactions and data,both good areas for growth and profits. For those in Kenya and on safaricom,I'm sure you've received smses about watching videos of various sorts.This is something people are interested in because Kenyans are very social.Our relationship with the internet is just beginning and its effects are yet to spread.They should also focus on promoting mms.
What I think they are trying to do as a major player in telecommunications is to establish a base for internet growth and e/m-commerce which will serve them well in terms of again data and m-pesa transactions.
Uncertainty is certain.Let go