@VVS i think i'll hold on to my safcom holdings until the announcement.. i'm expecting a MINIMUM of 50% profit growth... anything less i'm bailing out BIG TIME!!!

Stocksmaster, where are @?......been following this thread, latest???

what happened to sticky posts??

Playing the market.....very interesting indeed.
Trading in a recovering market requires one to be satisfied with their gains at times...i.e tame greed.Timing the market can be costly, I may regret taking a 'smaller profit' but at least i have it...
In the past few weeks...'spread selling' has saved me some blushes since some counters just keep going up especially the agriculturals.
Just when you sell,the price moves u again.
I have however decided to hold on for now except where my gains are 100% plus or where earlier set targets have been met whichever comes first...and with the accrued profits from agriculturals...i'm really ogling at KQ...speculation play continues...

@all, safaricom pretax profit for FY2008 was 15.3B which was 23% down from the previous year. For FY2009, some sources have hinted at a 14B pretax profit which is 8% down compared whith FY2008. What new info will make this stock jump? Who will buy it at a higher price e.g 6bob? Even the foreign investors are going slow on it. Maybe i'm missing some info...

@ Mukiha..........He has nothing to say . He bought Safcon at 5.35 and it has only gained 10cents thus far.

you are right vvs, hence its unlikely to touch new highs this year till they announce there 1st half results in november 2010. Concerning the modems, don't forget safcom is the most expensive hence many of those modems are now working with simcards from their competitors. If they need to make money from the masses, they will have to lower their internet charges

i'm getting very fatigued with safcom share price sticking to its current range... i think many other investors also are..

at this rate if the results do not surprise gratly to the upside then i expect there to be a massive sell off...

@VVS from the looks of things i may be swallowing my words and buying you lunch in a couple of days...

The truth is Safaricom OWNS the data market in Kenya... They have the subscribers AND the reach...

I cant stand slow connections so I pay for better speeds... I am not a fan of Orange 3G+ (not yet)... Zain is way too slow... Have not tried YU seriously on data...

Kshs 550,000 to invest..identiying 5 counters only..buying in lots of 10k per counter every week...regardless of price...on week 11 to 15..chill out on week 16..turnover the 5 counter portfolio..take in profit if need be.. start over again...

Any thing wrong with this picture?

Criteria..still workin on one..probably Low PSR,High ROE..liquid counter (for quick exit)..NOT SPECULATING..just a ver small long-tem window!