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Safaricom 1H16 Results net profit up 23%
Rank: Chief Joined: 8/4/2010 Posts: 8,977
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Mpesa bank chart is the opposite of the NBK chart. RSI is indicating overbought conditions which means price will trim back to breakout point before continuation higher. After a breakout you need to test the resistance zone to confirm sellers are gone before heading higher.  $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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hisah wrote:Mpesa bank chart is the opposite of the NBK chart. RSI is indicating overbought conditions which means price will trim back to breakout point before continuation higher. After a breakout you need to test the resistance zone to confirm sellers are gone before heading higher. As expected, previous all time high level has rejected the bulls and forced the price to skid. Closes the week on the back foot as price dips below Monday open. Price is likely to test 16.50 on the reversal before buyers regroup for the next 18 handle attack. But I'm not excited with the current rally since it's near the FY result news event. Limited upside. Unless that news event blows out the market expectations. If I was to go by @ericsson DPS estimate of 70cts (10% DPS hike) then there's nothing exciting. A DPS of 90cts (40% DPS hike) could force the market to rally, but that is too much an expectation. $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Elder Joined: 7/21/2010 Posts: 6,187 Location: nairobi
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hisah wrote:hisah wrote:Mpesa bank chart is the opposite of the NBK chart. RSI is indicating overbought conditions which means price will trim back to breakout point before continuation higher. After a breakout you need to test the resistance zone to confirm sellers are gone before heading higher. As expected, previous all time high level has rejected the bulls and forced the price to skid. Closes the week on the back foot as price dips below Monday open. Price is likely to test 16.50 on the reversal before buyers regroup for the next 18 handle attack. But I'm not excited with the current rally since it's near the FY result news event. Limited upside. Unless that news event blows out the market expectations. If I was to go by @ericsson DPS estimate of 70cts (10% DPS hike) then there's nothing exciting. A DPS of 90cts (40% DPS hike) could force the market to rally, but that is too much an expectation. sometimes it's good to dream of safcom paying 90cts dividend which will most likely be higher than it's EPS "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Elder Joined: 12/4/2009 Posts: 10,768 Location: NAIROBI
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Release of the Full Year 2015/2016 Financial Results is on 11 May 2016.SO there is still three weeks to go. I hope the share comes down till the ksh.15 level. Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 9/20/2015 Posts: 2,811 Location: Mombasa
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Ericsson wrote:Release of the Full Year 2015/2016 Financial Results is on 11 May 2016.SO there is still three weeks to go.
I hope the share comes down till the ksh.15 level. If it hits 15/- I will load substantially. John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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Rank: Elder Joined: 7/22/2009 Posts: 7,535
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Ericsson wrote:Release of the Full Year 2015/2016 Financial Results is on 11 May 2016.SO there is still three weeks to go.
I hope the share comes down till the ksh.15 level. Waste of hope! Why not hope for something that has a higher chance of happening (compared to what you are hoping for)? Like politicians reducing their salaries and shunning both tribalism and corruption! Absolutely no chance the share will hit 15/= between now and 11th May 2016! Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
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Rank: Elder Joined: 7/21/2010 Posts: 6,187 Location: nairobi
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Spikes wrote:Ericsson wrote:Release of the Full Year 2015/2016 Financial Results is on 11 May 2016.SO there is still three weeks to go.
I hope the share comes down till the ksh.15 level. If it hits 15/- I will load substantially. safcom hitting 15 is not a miracle i think its within acceptable price swings in a stock market "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Elder Joined: 9/20/2015 Posts: 2,811 Location: Mombasa
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mlennyma wrote:Spikes wrote:Ericsson wrote:Release of the Full Year 2015/2016 Financial Results is on 11 May 2016.SO there is still three weeks to go.
I hope the share comes down till the ksh.15 level. If it hits 15/- I will load substantially. safcom hitting 15 is not a miracle i think its within acceptable price swings in a stock market A stock which stuns the market by monumental daily volumes has high possibility of hitting at the extreme price swings. John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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Rank: Elder Joined: 7/22/2009 Posts: 7,535
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Spikes wrote:mlennyma wrote:Spikes wrote:Ericsson wrote:Release of the Full Year 2015/2016 Financial Results is on 11 May 2016.SO there is still three weeks to go.
I hope the share comes down till the ksh.15 level. If it hits 15/- I will load substantially. safcom hitting 15 is not a miracle i think its within acceptable price swings in a stock market A stock which stuns the market by monumental daily volumes has high possibility of hitting at the extreme price swings. By 11th May 2016??? Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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https://youtu.be/O7Njjk2DItc?t=20m29s"There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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Countdown 6 trading sessions "There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
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Rank: Elder Joined: 7/21/2010 Posts: 6,187 Location: nairobi
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murchr wrote:Countdown 6 trading sessions losing steam,needs more fuel "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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mlennyma wrote:murchr wrote:Countdown 6 trading sessions losing steam,needs more fuel The only fuel left is incredible news release. The resistance here will need huge buy pressure to dismiss the sellers.$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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"There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
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Rank: Elder Joined: 9/15/2006 Posts: 3,906
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How did @muchr Weekend Updates leave out the key standout: Safaricom CEO addresses a one-of-a-kind press conference to address issue of an affidavit written to the National Assembly based on a leaked forensic report done by KPMG. Affidavit: http://cnyakundi.com/wp-...oads/2016/05/audit1.jpg
http://cnyakundi.com/wp-...oads/2016/05/audit2.jpg
This Safaricom, too much money. How do they pay 1.15bn for 5 acres of land at Garden City! http://cnyakundi.com/wp-...oads/2016/05/audit3.pdf
Tender losers using blackmail
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Rank: Elder Joined: 7/21/2010 Posts: 6,187 Location: nairobi
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No buyers excitement at all with results around the corner, below expectation results will be dangerous. "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Veteran Joined: 9/18/2014 Posts: 1,127
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mlennyma wrote:No buyers excitement at all with results around the corner, below expectation results will be dangerous. If they post mediocre results, that will rattle the already shaky market. To say the NSE20 is fully dependent on safcom is not an overstatement, it is the main reason we are not currently flirting with 3,000. The main purpose of the stock market is to make fools of as many people as possible.
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Rank: Elder Joined: 3/2/2009 Posts: 26,330 Location: Masada
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lochaz-index wrote:mlennyma wrote:No buyers excitement at all with results around the corner, below expectation results will be dangerous. If they post mediocre results, that will rattle the already shaky market. To say the NSE20 is fully dependent on safcom is not an overstatement, it is the main reason we are not currently flirting with 3,000. I want this NSE 20 to floor 3,000 so that we can dive in those bluships companies, thanks to Jubilee mismanagement and the 2017 polls...this will come sooner. Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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I don't get my updates on any business news from Nyakundi because he's a gun for hire "There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
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Rank: Elder Joined: 9/15/2006 Posts: 3,906
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murchr wrote:I don't get my updates on any business news from Nyakundi because he's a gun for hire I only referenced his links to the affidavit, leaked audit report, which you don't expect to find in Nation. Otherwise press conference report from Nation http://www.nation.co.ke/...6/-/eykh54/-/index.html
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