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Safaricom FY 2016 results net profit up 19.6%
Rank: Elder Joined: 7/11/2010 Posts: 5,040
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hisah wrote:Which TA fans? Metasploit has an overshoot target at 25 while my target is 23. I'm watching the parabolic show. If the targets are blown off cum-div and the structure is sustained ex-div, then I'll have to do a fresh TA cartoon study after HY release in November. TA guys called this long ago. I didn't believe The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Elder Joined: 7/21/2010 Posts: 6,183 Location: nairobi
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Solid resistance wall building up at 20 "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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Shak wrote:mlennyma wrote:21 is madness in a bear ,this shows a good stock can rally in any environment ignoring the whole market I disposed of my useless Barclays and kq shares and jumped into this one with both feet. Let me enjoy the ride could you please share what was your entry price and the current average buying price? 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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mlennyma wrote:Solid resistance wall building up at 20 Expected.RSI at overbought levels Lets wait for day closing and tomorrow opening. Pullback will be shallow
“The pessimist complains about the wind; the optimist expects it to change; the realist adjusts the sails.”
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Rank: Elder Joined: 9/20/2015 Posts: 2,811 Location: Mombasa
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Metasploit wrote:mlennyma wrote:Solid resistance wall building up at 20 Expected.RSI at overbought levels Lets wait for day closing and tomorrow opening. Pullback will be shallow The resistance at 20/- will be broken in a couple of days. Capital gain of 5bob from the day of special dividend announcement is possible. A time to reap big! A prophet is in the house. Ask him. John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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Rank: User Joined: 1/20/2014 Posts: 3,528
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Aguytrying wrote:hisah wrote:Which TA fans? Metasploit has an overshoot target at 25 while my target is 23. I'm watching the parabolic show. If the targets are blown off cum-div and the structure is sustained ex-div, then I'll have to do a fresh TA cartoon study after HY release in November. TA guys called this long ago. I didn't believe Anyway sitaki kubishana, but Safcom has defied a lot of predictions since 5bob, December 2012 ---- it has always broken pre-determined resistance level one after the other and the expected pullbacks and seller/buyer fatigues have not materialized as anticipated. I have followed this share religiously.  Formal education will make you a living. Self-education will make you a fortune - Jim Rohn.
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Rank: Veteran Joined: 6/23/2011 Posts: 1,740 Location: Nairobi
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Analysts aside, Safcom is a great brand ( they say super brand) and that is what the investor is in love with
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Rank: Veteran Joined: 3/26/2012 Posts: 985 Location: Dar es salaam,Tanzania
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Metasploit wrote:mlennyma wrote:Solid resistance wall building up at 20 Expected.RSI at overbought levels Lets wait for day closing and tomorrow opening. Pullback will be shallow 20 taken and supply drying. Thats why its important to check the day closing price. Most likely VWAP will close at 19.95 or 20
“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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Safaricom is a great company in the wrong country. Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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Othelo wrote:Aguytrying wrote:hisah wrote:Which TA fans? Metasploit has an overshoot target at 25 while my target is 23. I'm watching the parabolic show. If the targets are blown off cum-div and the structure is sustained ex-div, then I'll have to do a fresh TA cartoon study after HY release in November. TA guys called this long ago. I didn't believe Anyway sitaki kubishana, but Safcom has defied a lot of predictions since 5bob, December 2012 ---- it has always broken pre-determined resistance level one after the other and the expected pullbacks and seller/buyer fatigues have not materialized as anticipated. I have followed this share religiously. from 3 to 20 no one saw it coming. TA guys predicted among other actions. not going below 15 and pushing to 20+ from 17 The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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Aguytrying wrote:Othelo wrote:Aguytrying wrote:hisah wrote:Which TA fans? Metasploit has an overshoot target at 25 while my target is 23. I'm watching the parabolic show. If the targets are blown off cum-div and the structure is sustained ex-div, then I'll have to do a fresh TA cartoon study after HY release in November. TA guys called this long ago. I didn't believe Anyway sitaki kubishana, but Safcom has defied a lot of predictions since 5bob, December 2012 ---- it has always broken pre-determined resistance level one after the other and the expected pullbacks and seller/buyer fatigues have not materialized as anticipated. I have followed this share religiously. from 3 to 20 no one saw it coming. TA guys predicted among other actions. not going below 15 and pushing to 20+ from 17 Came across this... http://wazua.co.ke/forum...px?g=posts&m=315757
possunt quia posse videntur
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Rank: Elder Joined: 5/25/2012 Posts: 4,105 Location: 08c
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 Pesa Nane plans to be shilingi when he grows up.
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Rank: Veteran Joined: 4/4/2016 Posts: 1,997 Location: Kitale
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Michael Joseph should not retire.He is still needed in safaricom.He should continue as a board member. Towards the goal of financial freedom
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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Ebenyo wrote:Michael Joseph should not retire.He is still needed in safaricom.He should continue as a board member. Read the last sentence - "be reelected as a director" "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: Veteran Joined: 4/4/2016 Posts: 1,997 Location: Kitale
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murchr wrote:Ebenyo wrote:Michael Joseph should not retire.He is still needed in safaricom.He should continue as a board member. Read the last sentence - "be reelected as a director" Thanks muchr for correction.Make sure that is enacted if u will attend the AGM. Towards the goal of financial freedom
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Rank: Member Joined: 1/31/2007 Posts: 304
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Ericsson wrote:Safaricom is a great company in the wrong country. I beg to differ.Safaricom is what it is because of the peculiarity of Kenyans ie no matter how much it shafts us we are still loyal.
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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Assuming FY EPS comes in at 1.25 (31.6% eps growth) and 80% div payout is maintained div pay will be KES 1.00. Maintaining the same PER of 20 means price will be above KES 25. Div yield will be 6.72% (0.68+1.00) 1.68/25. If this forecast is right the price still has a lot of headroom based on div yield. $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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hisah wrote:Assuming FY EPS comes in at 1.25 (31.6% eps growth) and 80% div payout is maintained div pay will be KES 1.00.
Maintaining the same PER of 20 means price will be above KES 25.
Div yield will be 6.72% (0.68+1.00) 1.68/25.
If this forecast is right the price still has a lot of headroom based on div yield. True. But how long can this parabolic bear rally be maintained? If safcom is the bell weather stock, then the bear is over. Coz it doesn't look to be slowing down The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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Aguytrying wrote:hisah wrote:Assuming FY EPS comes in at 1.25 (31.6% eps growth) and 80% div payout is maintained div pay will be KES 1.00.
Maintaining the same PER of 20 means price will be above KES 25.
Div yield will be 6.72% (0.68+1.00) 1.68/25.
If this forecast is right the price still has a lot of headroom based on div yield. True. But how long can this parabolic bear rally be maintained? If safcom is the bell weather stock, then the bear is over. Coz it doesn't look to be slowing down Wanjikus no where in this bus based on the bid block trades since 2013. A fat dividend as well as zero debt and fat cashflow ensures big funds will keep the bids going. 15-16 level was defended strongly as the bear regrouped sending NSE20 sub 4000. That defence has been raised to 17-18 zone. I see little room for any huge correction exdiv! Wanjiku is so outpriced to cause a weak crowd...$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: 6,183 Location: nairobi
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The party continues "Don't let the fear of losing be greater than the excitement of winning."
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Safaricom FY 2016 results net profit up 19.6%
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