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Safaricom FY 2016 results net profit up 19.6%
murchr
#181 Posted : Wednesday, July 20, 2016 6:46:56 PM
Rank: Elder

Joined: 2/26/2012
Posts: 15,980
Aguytrying wrote:
murchr wrote:
You're better off buying now and quit wishing.


Never wacha ikae. If it's not meant to be fine. This madness will come to an end. Pe of 20 mpaka lini.


MTN Africa PE - 18.88
Vodacom Group - 19.16

In terms of PE ratio, SafCom is trading at par with peers at a PE of 18.94.

Wanjiku is squeezed out and float is diminishing.

"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
.
mlennyma
#182 Posted : Wednesday, July 20, 2016 6:49:29 PM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
Aguytrying wrote:
murchr wrote:
You're better off buying now and quit wishing.


Never wacha ikae. If it's not meant to be fine. This madness will come to an end. Pe of 20 mpaka lini.

let this one go elder we will never regret marrying other women if this one remains successful forever
"Don't let the fear of losing be greater than the excitement of winning."
Aguytrying
#183 Posted : Wednesday, July 20, 2016 7:53:17 PM
Rank: Elder

Joined: 7/11/2010
Posts: 5,040
murchr wrote:
Aguytrying wrote:
murchr wrote:
You're better off buying now and quit wishing.


Never wacha ikae. If it's not meant to be fine. This madness will come to an end. Pe of 20 mpaka lini.


MTN Africa PE - 18.88
Vodacom Group - 19.16

In terms of PE ratio, SafCom is trading at par with peers at a PE of 18.94.

Wanjiku is squeezed out and float is diminishing.



I hope your not buying at this pe. If u got in much lower enjoy the ride. Its the bluest chip on the NSE.
The investor's chief problem - and even his worst enemy - is likely to be himself
snipermnoma
#184 Posted : Wednesday, July 20, 2016 8:14:08 PM
Rank: Member

Joined: 1/3/2014
Posts: 257
This safaricom is a strange stock. Surely it cannot fight this bear alone...were it not for safaricom gaining in price today, NSE 20 would have gone below 3500. Still we closed lower, new 4yr low of 3520. Spectator mode continues.
Ebenyo
#185 Posted : Wednesday, July 20, 2016 8:17:02 PM
Rank: Veteran

Joined: 4/4/2016
Posts: 2,016
Location: Kitale
Aguytrying wrote:
murchr wrote:
Aguytrying wrote:
murchr wrote:
You're better off buying now and quit wishing.


Never wacha ikae. If it's not meant to be fine. This madness will come to an end. Pe of 20 mpaka lini.


MTN Africa PE - 18.88
Vodacom Group - 19.16

In terms of PE ratio, SafCom is trading at par with peers at a PE of 18.94.

Wanjiku is squeezed out and float is diminishing.



I hope your not buying at this pe. If u got in much lower enjoy the ride. Its the bluest chip on the NSE.


im waiting this gem at 14.05 to add.Going by these happenings it will be possible between sept-oct.
Towards the goal of financial freedom
lochaz-index
#186 Posted : Wednesday, July 20, 2016 9:58:45 PM
Rank: Veteran

Joined: 9/18/2014
Posts: 1,127
Lots of fancy footwork by safcom since the bear commenced. It has been an almighty effort to keep afloat thus far helped by the growing bottomline, huge payout ratio etc.

The ultimate question is whether it will manage to dodge the bear altogether. I think not. The way I see it, the longer safcom continues to hold at current levels the longer the overall downtrend persists. After all, it ain't over till the fat lady sings.

Suppose we got to the 3000 mark with safcom yet to budge...that to me can only mean we still have a long way down. In other words, the faster safcom caves in the faster the market bottoms out.
The main purpose of the stock market is to make fools of as many people as possible.
snipermnoma
#187 Posted : Wednesday, July 20, 2016 10:06:07 PM
Rank: Member

Joined: 1/3/2014
Posts: 257
lochaz-index wrote:
Lots of fancy footwork by safcom since the bear commenced. It has been an almighty effort to keep afloat thus far helped by the growing bottomline, huge payout ratio etc.

The ultimate question is whether it will manage to dodge the bear altogether. I think not. The way I see it, the longer safcom continues to hold at current levels the longer the overall downtrend persists. After all, it ain't over till the fat lady sings.

Suppose we got to the 3000 mark with safcom yet to budge...that to me can only mean we still have a long way down. In other words, the faster safcom caves in the faster the market bottoms out.


Indeed. This needs to be resolved soon. 3000 without safcom budging would be a nightmare because it would mean a long long way down. As it is right now we are already in the pits...4yr lows. The beating already inflicted is quite heavy to think it could get worse...
murchr
#188 Posted : Thursday, July 21, 2016 12:06:58 AM
Rank: Elder

Joined: 2/26/2012
Posts: 15,980
Aguytrying wrote:
murchr wrote:
Aguytrying wrote:
murchr wrote:
You're better off buying now and quit wishing.


Never wacha ikae. If it's not meant to be fine. This madness will come to an end. Pe of 20 mpaka lini.


MTN Africa PE - 18.88
Vodacom Group - 19.16

In terms of PE ratio, SafCom is trading at par with peers at a PE of 18.94.

Wanjiku is squeezed out and float is diminishing.



I hope your not buying at this pe. If u got in much lower enjoy the ride. Its the bluest chip on the NSE.


I have been riding here since 3 sold at 5.xy regretted and jumped back in at 7.xy, since then i've been accumulating at the dips latest 15.xy. I hope @karasinga does a chart for safcom just to see what the next dip will be.

Funny tho is in wazua we forget very fast.

I remember @metaspoilt waiting for it at 10.5, and watching the buying patterns just as he's doing in 2016
smile By the time its sept/oct...we'll be close to Nov (HY results) and people then will be buying the rumor.

"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
.
Spikes
#189 Posted : Thursday, July 21, 2016 6:09:37 AM
Rank: Elder

Joined: 9/20/2015
Posts: 2,811
Location: Mombasa
hisah wrote:
Spikes wrote:
mlennyma wrote:
Safcom closes the day on a mad note



20bob may print before it comes down, ex dividend, with a bang!

@spikes, the other day I asked you a query and you never responded. If you sell your bellwether stocks, what will you buy? Treasurys (tbills or tbonds)? Fixed deposit (FD)? Real Estate?

Start seeing the market like a fund manager with loads of liquidity in equities...



Lets wait and see....But if Safaricom becomes defiant of the bear run, then most traders and investors alike will be possibly left out by the departure time of NSE flight. Psychologically, some have placed a bet on Safaricom share movement as a yardstick to gauge bottom out season. And this is quite dangerous.

As for my observation, the fall with a bang will be short lived and price correction will follow almost immediately. That will create an opportunity to enter at lows of 15/-.
John 5:17 But Jesus replied, “My Father is always working, and so am I.”
hisah
#190 Posted : Thursday, July 21, 2016 10:19:47 AM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
Block trade - 4,976,000 shares at 18.10 just traded. The turbo bid continues.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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