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Safaricom FY 2016 results net profit up 19.6%
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Ebenyo
#41 Posted : Thursday, June 23, 2016 1:37:47 PM
Rank: Veteran

Joined: 4/4/2016
Posts: 2,016
Location: Kitale
Spikes wrote:
MaichBlack wrote:
Ebenyo wrote:
[quote=mlennyma]Reverse gear applied ,brexit???


No. This has nothing to do with brexit.Kenya is not a member of EU.Whether they pull out or stay,i dont think it will have any bearing in our busineses.

Seriously???

You guys need to understand the World Economy!!!

Lesson One: Look at trade deals between different countries, understand how they work and how they affect other countries including those that are not part of the deal!



Kenya was dealing with Britain directly and not through EU.
Towards the goal of financial freedom
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Ericsson
#42 Posted : Thursday, June 23, 2016 1:42:26 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
Discussion has turned from being about Safaricom to Brexit.
maybe another topic about Brexit should have been opened.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Metasploit
#43 Posted : Thursday, June 23, 2016 3:43:09 PM
Rank: Veteran

Joined: 3/26/2012
Posts: 985
Location: Dar es salaam,Tanzania
mlennyma wrote:
Reverse gear applied ,brexit???


The RSI was overbought.

Resetting the RSI.Normal correction with support at 17.80-18



“The pessimist complains about the wind; the optimist expects it to change; the realist adjusts the sails.”
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Ericsson
#44 Posted : Thursday, June 23, 2016 4:11:08 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
22.6mn shares traded today.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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MaichBlack
#45 Posted : Thursday, June 23, 2016 4:36:55 PM
Rank: Elder

Joined: 7/22/2009
Posts: 7,836
Ebenyo wrote:
Spikes wrote:
MaichBlack wrote:
Ebenyo wrote:
[quote=mlennyma]Reverse gear applied ,brexit???


No. This has nothing to do with brexit.Kenya is not a member of EU.Whether they pull out or stay,i dont think it will have any bearing in our busineses.

Seriously???

You guys need to understand the World Economy!!!

Lesson One: Look at trade deals between different countries, understand how they work and how they affect other countries including those that are not part of the deal!



Kenya was dealing with Britain directly and not through EU.

So Kenya does not do business with the rest of EU???
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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VituVingiSana
#46 Posted : Thursday, June 23, 2016 5:30:13 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,344
Location: Nairobi
Spikes wrote:
MaichBlack wrote:
Ebenyo wrote:
mlennyma wrote:
Reverse gear applied ,brexit???


No. This has nothing to do with brexit.Kenya is not a member of EU.Whether they pull out or stay,i dont think it will have any bearing in our busineses.

Seriously???

You guys need to understand the World Economy!!!

Lesson One: Look at trade deals between different countries, understand how they work and how they affect other countries including those that are not part of the deal!



Brexit must affect everybody globally. Britain is one of the big boys in international trade.

UK is not as significant in the world economy as it was. That said, it is a significant market for Kenya's exports (Tea, Horticulture). Safaricom will not be affected by Brexit. Vodafone may be affected but that doesn't bother Safaricom.

Safaricom may buy services from countries using the Euro. Not a biggie coz they always did pay in Euros.

Kenya will not be affected much by Brexit and may even benefit as some of the EU rules on imports (by UK) may not apply.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Sufficiently Philanga....thropic
#47 Posted : Friday, June 24, 2016 8:31:34 AM
Rank: Elder

Joined: 9/23/2010
Posts: 2,225
Location: Sundowner,Amboseli

Level to watch out for is the EMA200 level of 12.50 in the coming down leg.

@SufficientlyP
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Aguytrying
#48 Posted : Friday, June 24, 2016 9:24:30 AM
Rank: Elder

Joined: 7/11/2010
Posts: 5,040
Sufficiently Philanga....thropic wrote:

Level to watch out for is the EMA200 level of 12.50 in the coming down leg.



I'm praying this somehow brings safcom to 10.00. Even if just a temporary confusion
The investor's chief problem - and even his worst enemy - is likely to be himself
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Metasploit
#49 Posted : Friday, June 24, 2016 9:58:22 AM
Rank: Veteran

Joined: 3/26/2012
Posts: 985
Location: Dar es salaam,Tanzania
Aguytrying wrote:
Sufficiently Philanga....thropic wrote:

Level to watch out for is the EMA200 level of 12.50 in the coming down leg.



I'm praying this somehow brings safcom to 10.00. Even if just a temporary confusion


NEVER..

NOT WITH A 4% DIVIDEND YIELD AND BEING VERY LIQUID...

The stock is very liquid..It will attract big money looking for quality

If you get it at 16 you will be lucky..Looking at 16.50-16.80 to re-enter

“The pessimist complains about the wind; the optimist expects it to change; the realist adjusts the sails.”
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Ebenyo
#50 Posted : Friday, June 24, 2016 12:43:24 PM
Rank: Veteran

Joined: 4/4/2016
Posts: 2,016
Location: Kitale
Sufficiently Philanga....thropic wrote:

Level to watch out for is the EMA200 level of 12.50 in the coming down leg.


Towards the goal of financial freedom
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