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SAFARICOM H1 2022-2023 EPS down 10%
Rank: Member Joined: 9/27/2006 Posts: 505
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littledove wrote:buying heavily at 15, a growth stock with a divided yield of 8% is a real gem Best of luck. With FED rate hikes and the depreciating shilling, I'm not putting any more money into the NSE (though I might be tempted to put more if stocks fall precipitously after their book closure dates). For now, I'll just be moving money around chasing yields. As for existing safcom shareholders, I sympathize. This is how I felt watching my centum bet fall from 14 to 8 bob.
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Rank: Elder Joined: 6/23/2009 Posts: 14,213 Location: nairobi
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deadpoet wrote:littledove wrote:buying heavily at 15, a growth stock with a divided yield of 8% is a real gem Best of luck. With FED rate hikes and the depreciating shilling, I'm not putting any more money into the NSE (though I might be tempted to put more if stocks fall precipitously after their book closure dates). For now, I'll just be moving money around chasing yields. As for existing safcom shareholders, I sympathize. This is how I felt watching my centum bet fall from 14 to 8 bob. A good number of local shareholders bought SCOM at KES 5.. But there are a few mad men and women who bought at highs of KES 20 and above.. Very humbling experience. It's a definite BUY at the moment
KQ ABP 4.26
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Rank: Veteran Joined: 6/2/2010 Posts: 1,089
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obiero wrote:deadpoet wrote:littledove wrote:buying heavily at 15, a growth stock with a divided yield of 8% is a real gem Best of luck. With FED rate hikes and the depreciating shilling, I'm not putting any more money into the NSE (though I might be tempted to put more if stocks fall precipitously after their book closure dates). For now, I'll just be moving money around chasing yields. As for existing safcom shareholders, I sympathize. This is how I felt watching my centum bet fall from 14 to 8 bob. A good number of local shareholders bought SCOM at KES 5.. But there are a few mad men and women who bought at highs of KES 20 and above.. Very humbling experience. It's a definite BUY at the moment Even at sub30, Safaricom was a good buy. Madness is buying KQ when they have proven over and over and over again that they are a perennial loser. Einstein said "insanity is doing the same thing over and over again expecting different results".
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Rank: Elder Joined: 6/23/2009 Posts: 14,213 Location: nairobi
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My 2 cents wrote:obiero wrote:deadpoet wrote:littledove wrote:buying heavily at 15, a growth stock with a divided yield of 8% is a real gem Best of luck. With FED rate hikes and the depreciating shilling, I'm not putting any more money into the NSE (though I might be tempted to put more if stocks fall precipitously after their book closure dates). For now, I'll just be moving money around chasing yields. As for existing safcom shareholders, I sympathize. This is how I felt watching my centum bet fall from 14 to 8 bob. A good number of local shareholders bought SCOM at KES 5.. But there are a few mad men and women who bought at highs of KES 20 and above.. Very humbling experience. It's a definite BUY at the moment Even at sub30, Safaricom was a good buy. Madness is buying KQ when they have proven over and over and over again that they are a perennial loser. Einstein said "insanity is doing the same thing over and over again expecting different results". There is a KQ thread. Right now we are discussing SCOM and some unfortunate people
KQ ABP 4.26
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Rank: Veteran Joined: 8/10/2014 Posts: 992 Location: Kenya
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littledove wrote:buying heavily at 15, a growth stock with a divided yield of 8% is a real gem I would rather get the banks. KCB below 30, a potential dividend of 4 gives it a yield of 13%.
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Rank: Veteran Joined: 6/2/2010 Posts: 1,089
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People are spooked by the drop in earnings but have ignored the grant of an MPESA license in Ethiopia.
When it rains gold, put out a bucket not a thimble. I have bought loads of safcom today at 14.30. I pray the price remains low until we receive our bank dividends in 2 weeks (ABSA, KCB, StanChart)
History will judge just how unfortunate I was for buying at these prices.
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Rank: Elder Joined: 6/23/2009 Posts: 14,213 Location: nairobi
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watesh wrote:littledove wrote:buying heavily at 15, a growth stock with a divided yield of 8% is a real gem I would rather get the banks. KCB below 30, a potential dividend of 4 gives it a yield of 13%. True. The market rarely lies this deeply. There must be asymmetrical information at play with SCOM. Going in right now is like chasing after a woman who keeps lifting her skirt unnecessarily. Risky. But I just might
KQ ABP 4.26
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Rank: Elder Joined: 6/23/2009 Posts: 14,213 Location: nairobi
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Upon discussion at the exchange bar, I change my mind. Will sit it out, as further falls in the price are expected starting tomorrow. KES 12 is GUARANTEED within next 5 trading days.. The current share price of Safaricom Plc (SCOM) is KES 14.70. SCOM closed its last trading day (Thursday, May 11, 2023) at 14.70 KES per share on the Nairobi Securities Exchange (NSE), recording a 3.9% drop from its previous closing price of 15.30 KES. Safaricom began the year with a share price of 24.15 KES but has since lost 39.1% off that price valuation, ranking it 61st on the NSE in terms of year-to-date performance. Shareholders’ worries are compounded by the fact that SCOM has lost 20% of the stock’s value from April 11th to date.
KQ ABP 4.26
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Rank: Veteran Joined: 6/2/2010 Posts: 1,089
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We have seen these fears about Safaricom. They did not pan out.
Who remembers number portability craze being the base of fears in years past.
Safaricom shares are falling hardest because they are the biggest holding of international investors. The very same ones leaving our market due to interest rate hikes abroad accompanied by local forex shortages.
I suppose they are also in fear of regulatory risk affecting Safcom.
When foreign investors come back to NSE, whenever that is, guess which shares they will buy. Hint: Not KQ, not HFCK
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Rank: Member Joined: 9/14/2011 Posts: 869 Location: nairobi
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My 2 cents wrote:We have seen these fears about Safaricom. They did not pan out.
Who remembers number portability craze being the base of fears in years past.
Safaricom shares are falling hardest because they are the biggest holding of international investors. The very same ones leaving our market due to interest rate hikes abroad accompanied by local forex shortages.
I suppose they are also in fear of regulatory risk affecting Safcom.
When foreign investors come back to NSE, whenever that is, guess which shares they will buy. Hint: Not KQ, not HFCK
Can Ethiopia backfire and they lose money or struggle for years with exchange controls and just making money in Ethiopia . I do not know why Airtell struggled while Safaricom did well in Kenya
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