It is with a heavy heart that I have finally parted ways with this stock.I know it has a bright future but for now I think it is the right time to sell.
I went through its balance sheet I could not help wonder why such a profitable company like this has current liabilities exceeding current assets i.e a Negative working capital.
and this is the reason they are giving
Quote:Working capital movement was adverse to last year due to a realignment of our capital expenditure finance
policy
I dont know If my Opinion has any weight or not but I would like the valuation Guru in here to make an independent valuation of this company and tell us if Safaricom Is not currently overvalued.
'......to the acknowledgment of the mystery of God, and of the Father, and of Christ; 3 In whom are hid all the treasures of wisdom and knowledge.' Colossians 2:2-3