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Safaricom HY2013 Profit before tax up 113%
Rank: Chief Joined: 8/4/2010 Posts: 8,977
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hisah wrote:Just noticed that the SMA 5 day has been guarding the price trend since Aug 2012. Quite a bullish momentum this one has been for momentum trading.
SMA 5 day currently lies at 6.70. 6.50 - 6.70 support range for now. The 7s level still has resistance (selling) just like post IPO. Waiting for results release and the volume pattern post results.
KCB is where my focus is as it goes exdiv.
KCB & Mpesa bank if both slip heavy, they'll negate the EABL surge effect on the index.$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Member Joined: 2/16/2013 Posts: 123 Location: MSA
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Cde Monomotapa wrote:Ericsson wrote:We are heading for a bear run which is starting Scom broke from the pack. Let it carry its own cross  though some weakness is being observed else where too. Next week will be interesting. I like the 'personification' of the counter! Timely advice is as lovely as golden apples in a silver basket. Proverbs 25:11
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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SittingPretty wrote:Cde Monomotapa wrote:Ericsson wrote:We are heading for a bear run which is starting Scom broke from the pack. Let it carry its own cross though some weakness is being observed else where too. Next week will be interesting. I like the 'personification' of the counter! 
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Rank: Elder Joined: 3/19/2013 Posts: 2,552
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Sufficiently Philanga....thropic wrote:hisah wrote:BD wrote:Analysts at Morgan Stanley Research and Renaissance Capital (Rencap) recently revised the price target of the Safaricom share to between Sh6.40 and Sh7 as key market risks for the mobile services company ease and on expectations of better financial performance over the medium term. Market making for the exit... Calling out wanjiku for slaughter Teren teren...............
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Rank: Member Joined: 4/14/2011 Posts: 639
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Rank: Elder Joined: 3/19/2013 Posts: 2,552
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Rank: Elder Joined: 6/2/2011 Posts: 4,824 Location: -1.2107, 36.8831
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http://www.nation.co.ke/...6/-/626el8/-/index.html
Faulu-Airtel loses bid to halt Safaricom’s M-Shwari Receive with simplicity everything that happens to you.” ― Rashi
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Rank: Elder Joined: 7/21/2010 Posts: 6,194 Location: nairobi
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The elephant must find its way.i have learned that its only the absence of safcom in the market which can make its loyal customers move to its rivals which cant happen anyway...its here to stay so buy. "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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 7.50 tested. Bulls showing intent to break it down this time... $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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Still respecting the 7.55 2013 high. Likely scenario is an inverse H&S pattern to play out before breaking above the resistance. Levels 7.00 and consolidate then pressure upwards.  $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Safaricom HY2013 Profit before tax up 113%
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