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Safaricom FY 2016 results net profit up 19.6%
Rank: Veteran Joined: 4/4/2016 Posts: 1,997 Location: Kitale
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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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Rank: Elder Joined: 12/4/2009 Posts: 10,702 Location: NAIROBI
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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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Rank: Veteran Joined: 3/26/2012 Posts: 985 Location: Dar es salaam,Tanzania
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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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Rank: Elder Joined: 12/4/2009 Posts: 10,702 Location: NAIROBI
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22.6mn shares traded today. Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 7/22/2009 Posts: 7,460
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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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Rank: Chief Joined: 1/3/2007 Posts: 18,121 Location: Nairobi
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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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Rank: Elder Joined: 9/23/2010 Posts: 2,221 Location: Sundowner,Amboseli
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Level to watch out for is the EMA200 level of 12.50 in the coming down leg.  @SufficientlyP
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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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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Rank: Veteran Joined: 3/26/2012 Posts: 985 Location: Dar es salaam,Tanzania
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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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Rank: Veteran Joined: 4/4/2016 Posts: 1,997 Location: Kitale
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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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Rank: Veteran Joined: 3/26/2012 Posts: 985 Location: Dar es salaam,Tanzania
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Still no sellers on Saf..Will wait till Wednesday I had expected worse for NSE.
“The pessimist complains about the wind; the optimist expects it to change; the realist adjusts the sails.”
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Rank: Elder Joined: 7/21/2010 Posts: 6,183 Location: nairobi
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Metasploit wrote:Still no sellers on Saf..Will wait till Wednesday
I had expected worse for NSE.
heat developing "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Veteran Joined: 4/4/2016 Posts: 1,997 Location: Kitale
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Sufficiently Philanga....thropic wrote:Level to watch out for is the EMA200 level of 12.50 in the coming down leg. On what basis do u base your observation? Fundamentally,technically and market sentiments. Towards the goal of financial freedom
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Rank: Elder Joined: 9/23/2010 Posts: 2,221 Location: Sundowner,Amboseli
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@Ebonyo, when you see a cartoon, then that has to be technical analysis. 12.50 is a strong support for Safaricom which wasn't broken during the global market correction that happened in August last year ón fears of a FED rate hike. We all know that didnt happen until Dec 17th when Yellen and Co. pulled the trigger! @SufficientlyP
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Rank: Veteran Joined: 4/4/2016 Posts: 1,997 Location: Kitale
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Sufficiently Philanga....thropic wrote:@Ebonyo, when you see a cartoon, then that has to be technical analysis.
12.50 is a strong support for Safaricom which wasn't broken during the global market correction that happened in August last year ón fears of a FED rate hike. We all know that didnt happen until Dec 17th when Yellen and Co. pulled the trigger! Technical analysis is sometimes influenced by sentiments apart from the law of commerce.Currently i dont see any.Brexit-lets wait and see.Tombelson is gone.Bob is ok.I may be wrong. Towards the goal of financial freedom
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Rank: Elder Joined: 12/4/2009 Posts: 10,702 Location: NAIROBI
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The fall continues as the effects of Brexit and bear run continue Support will be at around 15-15.50 Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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Sufficiently Philanga....thropic wrote:Level to watch out for is the EMA200 level of 12.50 in the coming down leg. Key level to watch is the August 2015 panic low. If that support is broken that will be a clear warning sign that the bullish structure is running out of gas. Next critical level will be 12.50 as you've pointed out. If it breaks the @aguy can get his 10 handle wish. But I don't expect sub 15 levels with the kind of dividend on offer. Unless H1 shows a very serious earnings weakness, such correction levels will be bought hard.$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Elder Joined: 9/20/2015 Posts: 2,811 Location: Mombasa
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hisah wrote:Sufficiently Philanga....thropic wrote:Level to watch out for is the EMA200 level of 12.50 in the coming down leg. Key level to watch is the August 2015 panic low. If that support is broken that will be a clear warning sign that the bullish structure is running out of gas. Next critical level will be 12.50 as you've pointed out. If it breaks the @aguy can get his 10 handle wish. But I don't expect sub 15 levels with the kind of dividend on offer. Unless H1 shows a very serious earnings weakness, such correction levels will be bought hard. You have not factored in Brexit aftershocks. John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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Rank: Elder Joined: 7/21/2010 Posts: 6,183 Location: nairobi
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May this UK elephant vomit,lord hear me. "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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hisah wrote:Sufficiently Philanga....thropic wrote:Level to watch out for is the EMA200 level of 12.50 in the coming down leg. Key level to watch is the August 2015 panic low. If that support is broken that will be a clear warning sign that the bullish structure is running out of gas. Next critical level will be 12.50 as you've pointed out. If it breaks the @aguy can get his 10 handle wish. But I don't expect sub 15 levels with the kind of dividend on offer. Unless H1 shows a very serious earnings weakness, such correction levels will be bought hard. Sounds like music to my ears. I have waited for almost 4 years. May it come to pass. This stock should be on every NSE investors portfolio The investor's chief problem - and even his worst enemy - is likely to be himself
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Safaricom FY 2016 results net profit up 19.6%
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