Wazua
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Safaricom 2019/2020
Rank: Elder Joined: 6/23/2009 Posts: 13,515 Location: nairobi
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Ericsson wrote:My 2 cents wrote:obiero wrote:My 2 cents wrote:obiero wrote:obiero wrote:Sub 20 in next two weeks? Where is the Bolingo Band crew to chart this one.. The current share price of Safaricom Plc (SCOM) is KES 25.05. SCOM closed its last trading day (Thursday, June 16, 2022) at 25.05 KES per share on the Nairobi Securities Exchange (NSE), recording a 2.5% drop from its previous closing price of 25.70 KES. Safaricom began the year with a share price of 37.95 KES but has since lost 34% off that price valuation, ranking it 60th on the NSE in terms of year-to-date performance. @my2cents. Your stock pick. It's not looking good. The current share price of Safaricom Plc (SCOM) is KES 24.30. SCOM closed its last trading day (Friday, June 17, 2022) at 24.30 KES per share on the Nairobi Securities Exchange (NSE), recording a 3% drop from its previous closing price of 25.05 KES. Safaricom began the year with a share price of 37.95 KES but has since lost 36% off that price valuation, ranking it 60th on the NSE in terms of year-to-date performance. That is because foreigners are exiting frontier markets (after this week's FED rate hikes) and Safaricom is their biggest holding in the NSE. Safaricom remains a solid business and now's the time to load up. 36% down this year alone! What's the bottom? How about one till counter proposition that is moving deposits and transaction fees away to the banks? Remember, never rush to lower the skirt.. I speak in code Up 14% since you wrote the post. I learnt a long time ago to never fight the steam roller that is Safaricom's share price. I have been loading up on sub-30 levels and I hope it remains at this level for a few months longer. Heading towards above 30 levels Situation is really fluid.
HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Veteran Joined: 6/2/2010 Posts: 1,066
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obiero wrote:Ericsson wrote:My 2 cents wrote:obiero wrote:My 2 cents wrote:obiero wrote:obiero wrote:Sub 20 in next two weeks? Where is the Bolingo Band crew to chart this one.. The current share price of Safaricom Plc (SCOM) is KES 25.05. SCOM closed its last trading day (Thursday, June 16, 2022) at 25.05 KES per share on the Nairobi Securities Exchange (NSE), recording a 2.5% drop from its previous closing price of 25.70 KES. Safaricom began the year with a share price of 37.95 KES but has since lost 34% off that price valuation, ranking it 60th on the NSE in terms of year-to-date performance. @my2cents. Your stock pick. It's not looking good. The current share price of Safaricom Plc (SCOM) is KES 24.30. SCOM closed its last trading day (Friday, June 17, 2022) at 24.30 KES per share on the Nairobi Securities Exchange (NSE), recording a 3% drop from its previous closing price of 25.05 KES. Safaricom began the year with a share price of 37.95 KES but has since lost 36% off that price valuation, ranking it 60th on the NSE in terms of year-to-date performance. That is because foreigners are exiting frontier markets (after this week's FED rate hikes) and Safaricom is their biggest holding in the NSE. Safaricom remains a solid business and now's the time to load up. 36% down this year alone! What's the bottom? How about one till counter proposition that is moving deposits and transaction fees away to the banks? Remember, never rush to lower the skirt.. I speak in code Up 14% since you wrote the post. I learnt a long time ago to never fight the steam roller that is Safaricom's share price. I have been loading up on sub-30 levels and I hope it remains at this level for a few months longer. Heading towards above 30 levels Situation is really fluid. Safaricom stock has crazy demand from international investors and local institutions. I once shorted the stock convinced I would buy it back cheaper and proceeded to lose my shirt. I learnt from that experience to NEVER bet against Safaricom stock. Too bad the price has bounced back so soon. I had plans to buy it by bucketloads sub 30 and was not finished. I bought all the way from 23, 25, 26, 29.50. I will now pause and see if it comes back down post dividend.
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Rank: Elder Joined: 7/21/2010 Posts: 6,183 Location: nairobi
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The opportunity came but doubts in the nse is making many not to cease the moments ...from 23 to 32??? "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Elder Joined: 12/4/2009 Posts: 10,684 Location: NAIROBI
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mlennyma wrote:The opportunity came but doubts in the nse is making many not to cease the moments ...from 23 to 32??? You close your eyes,execute and hope for the best Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 7/21/2010 Posts: 6,183 Location: nairobi
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Ericsson wrote:mlennyma wrote:The opportunity came but doubts in the nse is making many not to cease the moments ...from 23 to 32??? You close your eyes,execute and hope for the best looks like coming again before elections?? "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Veteran Joined: 6/2/2010 Posts: 1,066
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mlennyma wrote:Ericsson wrote:mlennyma wrote:The opportunity came but doubts in the nse is making many not to cease the moments ...from 23 to 32??? You close your eyes,execute and hope for the best looks like coming again before elections?? Definitely is. I hope it gets to the 23 low. Am not buying again above 25.
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Rank: Veteran Joined: 7/1/2014 Posts: 903 Location: sky
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My 2 cents wrote:mlennyma wrote:Ericsson wrote:mlennyma wrote:The opportunity came but doubts in the nse is making many not to cease the moments ...from 23 to 32??? You close your eyes,execute and hope for the best looks like coming again before elections?? Definitely is. I hope it gets to the 23 low. Am not buying again above 25. foreign sellers have trooped back with weak demand, its likely to go below 25 especially after books closure There are only two emotions in the stock market, fear and hope. The problem is, you hope when you should fear and fear when you should hope
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Rank: Elder Joined: 12/4/2009 Posts: 10,684 Location: NAIROBI
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littledove wrote:My 2 cents wrote:mlennyma wrote:Ericsson wrote:mlennyma wrote:The opportunity came but doubts in the nse is making many not to cease the moments ...from 23 to 32??? You close your eyes,execute and hope for the best looks like coming again before elections?? Definitely is. I hope it gets to the 23 low. Am not buying again above 25. foreign sellers have trooped back with weak demand, its likely to go below 25 especially after books closure It starts trading ex dividend tomorrow. Let's see if it will go below 25 Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Chief Joined: 1/3/2007 Posts: 18,103 Location: Nairobi
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John Ngugi is the new Chairman replacing the competent and able MJ.    Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 12/4/2009 Posts: 10,684 Location: NAIROBI
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His godfather has one week left,John Ngugi won't last long once he's godfather is out of power. Vodafone will deal with this matter ruthlessly Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Chief Joined: 1/3/2007 Posts: 18,103 Location: Nairobi
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Ericsson wrote:His godfather has one week left,John Ngugi won't last long once he's godfather is out of power. Vodafone will deal with this matter ruthlessly *Ngumi *Vodafone better deal with it soon given there are billions at stake Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Veteran Joined: 6/2/2010 Posts: 1,066
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VituVingiSana wrote:Ericsson wrote:His godfather has one week left,John Ngugi won't last long once he's godfather is out of power. Vodafone will deal with this matter ruthlessly *Ngumi *Vodafone better deal with it soon given there are billions at stake Godfather might still be in power by proxy. Don't rule this out.
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Rank: Member Joined: 3/9/2010 Posts: 320 Location: kenya
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My 2 cents wrote:VituVingiSana wrote:Ericsson wrote:His godfather has one week left,John Ngugi won't last long once he's godfather is out of power. Vodafone will deal with this matter ruthlessly *Ngumi *Vodafone better deal with it soon given there are billions at stake Godfather might still be in power by proxy. Don't rule this out. Ship begining to sink Paka Power direction. Work hard at your job and you can make a living. Work hard on yourself and you can make a fortune.
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Rank: Elder Joined: 12/4/2009 Posts: 10,684 Location: NAIROBI
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cyruskulei wrote:My 2 cents wrote:VituVingiSana wrote:Ericsson wrote:His godfather has one week left,John Ngugi won't last long once he's godfather is out of power. Vodafone will deal with this matter ruthlessly *Ngumi *Vodafone better deal with it soon given there are billions at stake Godfather might still be in power by proxy. Don't rule this out. Ship begining to sink Paka Power direction. John Ngumi has been missing in Safaricom events since KK took over. Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 12/4/2009 Posts: 10,684 Location: NAIROBI
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Ericsson wrote:cyruskulei wrote:My 2 cents wrote:VituVingiSana wrote:Ericsson wrote:His godfather has one week left,John Ngugi won't last long once he's godfather is out of power. Vodafone will deal with this matter ruthlessly *Ngumi *Vodafone better deal with it soon given there are billions at stake Godfather might still be in power by proxy. Don't rule this out. Ship begining to sink Paka Power direction. John Ngumi has been missing in Safaricom events since KK took over. His godfather has one week left,John Ngugi won't last long once he's godfather is out of power. Vodafone will deal with this matter ruthlessly [/quote] *Ngumi And it has come to pass.Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 6/23/2009 Posts: 13,515 Location: nairobi
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My 2 cents wrote:obiero wrote:Ericsson wrote:My 2 cents wrote:obiero wrote:My 2 cents wrote:obiero wrote:obiero wrote:Sub 20 in next two weeks? Where is the Bolingo Band crew to chart this one.. The current share price of Safaricom Plc (SCOM) is KES 25.05. SCOM closed its last trading day (Thursday, June 16, 2022) at 25.05 KES per share on the Nairobi Securities Exchange (NSE), recording a 2.5% drop from its previous closing price of 25.70 KES. Safaricom began the year with a share price of 37.95 KES but has since lost 34% off that price valuation, ranking it 60th on the NSE in terms of year-to-date performance. @my2cents. Your stock pick. It's not looking good. The current share price of Safaricom Plc (SCOM) is KES 24.30. SCOM closed its last trading day (Friday, June 17, 2022) at 24.30 KES per share on the Nairobi Securities Exchange (NSE), recording a 3% drop from its previous closing price of 25.05 KES. Safaricom began the year with a share price of 37.95 KES but has since lost 36% off that price valuation, ranking it 60th on the NSE in terms of year-to-date performance. That is because foreigners are exiting frontier markets (after this week's FED rate hikes) and Safaricom is their biggest holding in the NSE. Safaricom remains a solid business and now's the time to load up. 36% down this year alone! What's the bottom? How about one till counter proposition that is moving deposits and transaction fees away to the banks? Remember, never rush to lower the skirt.. I speak in code Up 14% since you wrote the post. I learnt a long time ago to never fight the steam roller that is Safaricom's share price. I have been loading up on sub-30 levels and I hope it remains at this level for a few months longer. Heading towards above 30 levels Situation is really fluid. Safaricom stock has crazy demand from international investors and local institutions. I once shorted the stock convinced I would buy it back cheaper and proceeded to lose my shirt. I learnt from that experience to NEVER bet against Safaricom stock. Too bad the price has bounced back so soon. I had plans to buy it by bucketloads sub 30 and was not finished. I bought all the way from 23, 25, 26, 29.50. I will now pause and see if it comes back down post dividend. 69% down in last 22 months. What's the bottom?! The stock exchange can humble you. Remember, never rush to lower the skirt.. I speak in code
HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: New-farer Joined: 8/1/2019 Posts: 86
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obiero wrote:My 2 cents wrote:obiero wrote:Ericsson wrote:My 2 cents wrote:obiero wrote:My 2 cents wrote:obiero wrote:obiero wrote:Sub 20 in next two weeks? Where is the Bolingo Band crew to chart this one.. The current share price of Safaricom Plc (SCOM) is KES 25.05. SCOM closed its last trading day (Thursday, June 16, 2022) at 25.05 KES per share on the Nairobi Securities Exchange (NSE), recording a 2.5% drop from its previous closing price of 25.70 KES. Safaricom began the year with a share price of 37.95 KES but has since lost 34% off that price valuation, ranking it 60th on the NSE in terms of year-to-date performance. @my2cents. Your stock pick. It's not looking good. The current share price of Safaricom Plc (SCOM) is KES 24.30. SCOM closed its last trading day (Friday, June 17, 2022) at 24.30 KES per share on the Nairobi Securities Exchange (NSE), recording a 3% drop from its previous closing price of 25.05 KES. Safaricom began the year with a share price of 37.95 KES but has since lost 36% off that price valuation, ranking it 60th on the NSE in terms of year-to-date performance. That is because foreigners are exiting frontier markets (after this week's FED rate hikes) and Safaricom is their biggest holding in the NSE. Safaricom remains a solid business and now's the time to load up. 36% down this year alone! What's the bottom? How about one till counter proposition that is moving deposits and transaction fees away to the banks? Remember, never rush to lower the skirt.. I speak in code Up 14% since you wrote the post. I learnt a long time ago to never fight the steam roller that is Safaricom's share price. I have been loading up on sub-30 levels and I hope it remains at this level for a few months longer. Heading towards above 30 levels Situation is really fluid. Safaricom stock has crazy demand from international investors and local institutions. I once shorted the stock convinced I would buy it back cheaper and proceeded to lose my shirt. I learnt from that experience to NEVER bet against Safaricom stock. Too bad the price has bounced back so soon. I had plans to buy it by bucketloads sub 30 and was not finished. I bought all the way from 23, 25, 26, 29.50. I will now pause and see if it comes back down post dividend. 69% down in last 22 months. What's the bottom?! The stock exchange can humble you. Remember, never rush to lower the skirt.. I speak in code I thought I was getting a very good deal at ksh24
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Rank: Elder Joined: 6/23/2009 Posts: 13,515 Location: nairobi
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McGill wrote:obiero wrote:My 2 cents wrote:obiero wrote:Ericsson wrote:My 2 cents wrote:obiero wrote:My 2 cents wrote:obiero wrote:obiero wrote:Sub 20 in next two weeks? Where is the Bolingo Band crew to chart this one.. The current share price of Safaricom Plc (SCOM) is KES 25.05. SCOM closed its last trading day (Thursday, June 16, 2022) at 25.05 KES per share on the Nairobi Securities Exchange (NSE), recording a 2.5% drop from its previous closing price of 25.70 KES. Safaricom began the year with a share price of 37.95 KES but has since lost 34% off that price valuation, ranking it 60th on the NSE in terms of year-to-date performance. @my2cents. Your stock pick. It's not looking good. The current share price of Safaricom Plc (SCOM) is KES 24.30. SCOM closed its last trading day (Friday, June 17, 2022) at 24.30 KES per share on the Nairobi Securities Exchange (NSE), recording a 3% drop from its previous closing price of 25.05 KES. Safaricom began the year with a share price of 37.95 KES but has since lost 36% off that price valuation, ranking it 60th on the NSE in terms of year-to-date performance. That is because foreigners are exiting frontier markets (after this week's FED rate hikes) and Safaricom is their biggest holding in the NSE. Safaricom remains a solid business and now's the time to load up. 36% down this year alone! What's the bottom? How about one till counter proposition that is moving deposits and transaction fees away to the banks? Remember, never rush to lower the skirt.. I speak in code Up 14% since you wrote the post. I learnt a long time ago to never fight the steam roller that is Safaricom's share price. I have been loading up on sub-30 levels and I hope it remains at this level for a few months longer. Heading towards above 30 levels Situation is really fluid. Safaricom stock has crazy demand from international investors and local institutions. I once shorted the stock convinced I would buy it back cheaper and proceeded to lose my shirt. I learnt from that experience to NEVER bet against Safaricom stock. Too bad the price has bounced back so soon. I had plans to buy it by bucketloads sub 30 and was not finished. I bought all the way from 23, 25, 26, 29.50. I will now pause and see if it comes back down post dividend. 69% down in last 22 months. What's the bottom?! The stock exchange can humble you. Remember, never rush to lower the skirt.. I speak in code I thought I was getting a very good deal at ksh24 If in too deep. Averaging down can be an option
HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Elder Joined: 6/23/2009 Posts: 13,515 Location: nairobi
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Who would have thought
HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Veteran Joined: 6/2/2010 Posts: 1,066
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From the price action, I am guessing they will either report markedly reduced earnings and/or no interim dividends when they announce HY24 next Thursday (9th Nov). These things somehow always leak into the market.
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