Sufficiently Philanga....thropic wrote:Falling as expected
Notice the upper BB (17.89) is the highest price Safcom traded (17.90).
Current retracement targets the lower BB at 13.35.
Citi folks want it at 12.80 (PE 16)http://www.businessdailyafrica.com/Safaricom-share-priced--above-market-peers--/-/539552/2714526/-/6ekpgaz/-/index.html ^
Kindly stop spreading rumours!!!
Citi are targeting 18.30/=. They just noted that the sector p/e average is 16 while Safaricom's is 20.
If they expected 12.80/= they would have issued a sell recommendation in a heart beat!!! That's a whole 20% drop. They have issued a neutral recommendation because as per their analysis the expected rise is marginal.
You are doing a great disservice to some people especially when you accompany rumours with cartoons!!!
Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.