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guru267
#21 Posted : Thursday, May 27, 2010 10:14:13 AM
Rank: Elder


Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
According to Steve Biko of Hidalgo group... the sell off in safcom is due to foregin selling but mostly due to heavy retail small holders of around 200-500 shares who are not willing to wait for 20cents dividend....

My only question to them is what the hell did they expect??? safcom just paid freaking 8billion in dividends with this coming to a total of 40k dividends for me...

but all this is very welcome... my three targets namely mumias, safcom, KPLC are coming down to very welcome levels where i intend to start buying
Mark 12:29
Deuteronomy 4:16
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sky5
#22 Posted : Thursday, May 27, 2010 10:21:29 AM
Rank: Member


Joined: 5/7/2010
Posts: 282
Location: Nairobi
I did some offload at 5.90 and am planning to load some more pretty soon at around 4.50 - 5.0. hehehehe.
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VituVingiSana
#23 Posted : Thursday, May 27, 2010 2:10:06 PM
Rank: Chief


Joined: 1/3/2007
Posts: 18,121
Location: Nairobi
Not just safaricom but prices have fallen dramatically all across the board...
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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kyt
#24 Posted : Friday, May 28, 2010 5:32:03 AM
Rank: Elder


Joined: 11/7/2007
Posts: 2,182
the stockmarket is driven by fear n greed. this is fear in place.PANIC SELLING. PLEASE DONT TOUCH ANY OF UR STOCKS.
LOVE WHAT YOU DO, DO WHAT YOU LOVE.
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the deal
#25 Posted : Friday, May 28, 2010 9:12:48 AM
Rank: Elder


Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
kyt wrote:
the stockmarket is driven by fear n greed. this is fear in place.PANIC SELLING. PLEASE DONT TOUCH ANY OF UR STOCKS.

hope scom has flushed out nagging investors who demand 1 bob div from an EPS of 0.38...LOL...demand 10 M...supply 1 M...
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the deal
#26 Posted : Friday, May 28, 2010 10:12:18 AM
Rank: Elder


Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
i'm in @ 5.45 with lil cash which was idling in my brokers account..i hear its not safe to leave money idling in ur brokers account..
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guru267
#27 Posted : Friday, May 28, 2010 2:26:24 PM
Rank: Elder


Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
the deal wrote:
i hear its not safe to leave money idling in ur brokers account..


@the deal Thats very true because if your broker went the way of discount securities if you own shares you wont lose out but if you had it in cash then you can only receive a maximum 50k compensation....
Mark 12:29
Deuteronomy 4:16
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VituVingiSana
#28 Posted : Friday, May 28, 2010 5:28:17 PM
Rank: Chief


Joined: 1/3/2007
Posts: 18,121
Location: Nairobi
the deal wrote:
i'm in @ 5.45 with lil cash which was idling in my brokers account..i hear its not safe to leave money idling in ur brokers account..

I wud not keep any cash at the brokers except the ones owned by banks e.g CFC, ABC, Genghis... The smaller ones? NEVER!
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Much Know
#29 Posted : Friday, May 28, 2010 7:18:51 PM
Rank: Elder


Joined: 12/6/2008
Posts: 3,548
@vvs, and equity, they are extremely good at stocks, reflect result on your account t+5(minus instant of sale/buy), pick your calls and seem very interested in why you are making the order. Forget beautiful attendants, equity are ok.
A New Kenya
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Gordon Gekko
#30 Posted : Friday, May 28, 2010 7:24:55 PM
Rank: Elder


Joined: 5/27/2008
Posts: 3,760
Just wondering are the CFCs and Genghis protected by the Deposit Protection Fund? Or is DPF for traditional banks?
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VituVingiSana
#31 Posted : Friday, May 28, 2010 9:36:55 PM
Rank: Chief


Joined: 1/3/2007
Posts: 18,121
Location: Nairobi
Gordon Gekko wrote:
Just wondering are the CFCs and Genghis protected by the Deposit Protection Fund? Or is DPF for traditional banks?

Stockbrokers' clients not protected by DPF lakini if there are problems, I think the bank would step in like they did at CFCStanbic FS 2 years ago...
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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