juz imagine what will happen when it hits Kes 5.00?

Isn't this akin to Insider Trading where some investors are getting far more information than we are???
*** In a one-to-one they can get answers to questions we would have no way of finding out...

Greedy when others are fearful,Very fearful when others are greedy - to paraphrase WB

At 5/= this party will end suddenly! Probably at 4.80 range.

Business opportunities are like buses,there's always another one coming

@mukiha - Which quarterly briefing do all investors get invited to? Except for the AGM... I have never received an invitation for a briefing...

Greedy when others are fearful,Very fearful when others are greedy - to paraphrase WB

In june we had a similar rally. Only for it to slump in july. So prepare your knives in february for 3.80 per share

Muthonwa a Agikuyu

how do you tell the buyers country...

i love your smile....

@meshaque why are you asking. Don't you really know that Safaricom has no peers in East and Central Africa?

On another note,Safaricom's recovery is a clear sign that the long awaited nse recovery is here!

In the beginning .....

Remember it all started with Safaricom's fall. The IPO was oversubscribed,traded at almost 8/= upon listing,then plunged for no particular reason.

Even the release of super results did not help to hold up the share price. It just kept on sliding like a greased penguin down an icy slope.

Everyone was baffled,including the press who kept singing 'fundamentals' 'unlikely to go below IPO price' 'unlikely to go below 4/=' 'those who took loans liquidating' 'investor confidence' blah blah.

Then we realised that it was bigger than Safaricom,nse,East Africa or even Africa.

Just like in the beginning,the end will be marked by safaricom's recovery ...

Price rally for no particular reason,up and up despite ratinalization,going and going.

Its time to take up positions on your favorite stocks.

Dont say you were not forewarned.

Why would the management of the company be marketing to foreigners to trade in their shares unless they are priming the company for an injection of capital or borrowing such as the bond they just had. In that case the disclosure requirements kick in otherwise they tread carefully on the insider trading prohibition. Its of course possible the person reporting on bloomberg got it all wrong.

this reminds me of the story of the guy who wanted to buy chameleons...I think the same ting is happening here...'simulate demand' and start a buying frenzy...price rises...but there really is nothing to make the price rise. ARPU's will keep dropping,even with data services - no two ways about it. Subscriber base cannot grow in leaps and bounds like in the last 4-5 years (not with Yu doing what it is doing). Mobile subscribers estimated to be around 18 million and SCOM with a 78% market share (but in reality that 78% includes discarded SIM cards and infrequently used SIM cards by Zain,Orange and Yu subscribers - for receiving calls from SCOM). So the 'real' market share for all networks could be at least 5-15% lower with 15-20% of the market being 'polygamous' i.e. more than one SIM.

MJ had once spoken of trying to make the share value higher....this is how....not by IMPROVING fundamentals

The problem with equality is that we desire that it be with those that have more than us rather that those that have less

@Iborian;
You ask: 'Why would the management of the company be marketing to foreigners to trade in their shares ....?

SCOM management is doing this to boost the company's PR. The company has been getting very bad publicity due to the depressed price....the media use it as an example of why NOT to invest in shares...and then they GAVE [instead of PAID] only ten cents dividend out of their sh10b profit!!!

If the 800k +shareholders begin to make a profit through capital gains,the stories in the media will change and the company will be reported in positive light.

I support the move

Behind the gardens...Behind the wall...Under the tree (Including: Red...Dark Blue...Yellow)