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Safricom - Back to 6/= levels
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youcan'tstopusnow
#1 Posted : Thursday, May 06, 2010 11:09:30 AM
Rank: Chief


Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
Safaricom is back to 6 shillings. Could it reach 7 or even 6.50? But how long?
Just saw a report by Sterling Investment Bank which astonishingly put it at 7.40/=
What do you guys think?
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Jaguar
#2 Posted : Thursday, May 06, 2010 11:30:01 AM
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Joined: 6/7/2007
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@youcan'tstopusnow, i have a report from sterling ib dated 30-04-2010
"As Safaricom clearly moves from the transient period (period of high growth) to the stable state
characterized by normal growth, we take a slightly conservative view on the future outlook. The existing
upside potential will largely be dependent on the growth of the data market. Based on this position, our
valuations yield a high price of Kshs 6.10 (price to Book value). We accordingly settle for the average price of
Kshs 5.98 as our target price, presenting an upside potential of only 3.00% to the current market price of Kshs
5.80 and recommend the share as a HOLD."

Have they released another report?
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youcan'tstopusnow
#3 Posted : Thursday, May 06, 2010 12:22:39 PM
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It was a daily newsletter dated 27th April 2010. Sterling was putting the value of Safaricom share price at 7.4 if they use their trailing p.e of 22.02
In the newsletter it had a column for "P/E Share Value" which they interpreted as Share Value based on P/E multiple.
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guru267
#4 Posted : Thursday, May 06, 2010 12:38:30 PM
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Joined: 1/21/2010
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The market is epecting a dividend of 20-25 cents or a scrip issue.... this promises good returns to investors...
then there is the long term expectaions from the company....

what we need now is for JP morgan to revise upwards their price target from 6.4
Mark 12:29
Deuteronomy 4:16
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VituVingiSana
#5 Posted : Thursday, May 06, 2010 12:40:08 PM
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Who wants to bet safcom will not reac 7.40 anytime soon?
I sold mine at 5.90... I need to find something else to re-invest in..
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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sss
#6 Posted : Thursday, May 06, 2010 1:06:26 PM
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Sold mine at 5.85 now investing in TPS to get dividends, bonus and go for the rights issue.
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guru267
#7 Posted : Thursday, May 06, 2010 1:24:31 PM
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sss wrote:
Sold mine at 5.85 now investing in TPS to get dividends, bonus and go for the rights issue.


selling mine tomorrow at 6.1.. got in at 2.75 it was a nice ride but prices above that look abit expensive...

you know what they say... if you are not willing to buy a share at its current price then its probably time to sell
Mark 12:29
Deuteronomy 4:16
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2012
#8 Posted : Thursday, May 06, 2010 1:54:38 PM
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guru267 wrote:
selling mine tomorrow at 6.1.. got in at 2.75 it was a nice ride but prices above that look abit expensive...


Wow! 2.75! You've made some good cash! I hope you have a sizable amount.

BBI will solve it :)
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guru267
#9 Posted : Thursday, May 06, 2010 2:02:49 PM
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2012 wrote:
guru267 wrote:
selling mine tomorrow at 6.1.. got in at 2.75 it was a nice ride but prices above that look abit expensive...


Wow! 2.75! You've made some good cash! I hope you have a sizable amount.


150k shares
Mark 12:29
Deuteronomy 4:16
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VituVingiSana
#10 Posted : Thursday, May 06, 2010 2:13:03 PM
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guru267 wrote:
2012 wrote:
guru267 wrote:
selling mine tomorrow at 6.1.. got in at 2.75 it was a nice ride but prices above that look abit expensive...


Wow! 2.75! You've made some good cash! I hope you have a sizable amount.


150k shares

@Guru - where is my beer???? And lunch!!!
LOL... Nice, nice move... I hope KQ does the same for me...

150k x 5 (after all fees/commissions) = 750k
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Wa_ithaka
#11 Posted : Thursday, May 06, 2010 4:31:43 PM
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150*5? VVs-I hope this is not how you put in your orders..
Good work guru267
The Governor of Nyeri - 2017
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youcan'tstopusnow
#12 Posted : Thursday, May 06, 2010 5:04:09 PM
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Joined: 3/24/2010
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Ati 150K? Kweli wewe ni guru.
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J.J
#13 Posted : Thursday, May 06, 2010 5:23:37 PM
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Joined: 10/17/2009
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@guru
if you are not willing to buy a share at its current price then its probably time to sell

Amen to that
small leaks do sink great ships...
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VituVingiSana
#14 Posted : Thursday, May 06, 2010 6:54:29 PM
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Wa_ithaka wrote:
150*5? VVs-I hope this is not how you put in your orders..
Good work guru267


What's your confusion? 150k x 5 = 750k (profit)
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Jaguar
#15 Posted : Thursday, May 06, 2010 7:42:24 PM
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@vvs,
6.10-2.75=?
(6.10-2.75)x150K=?
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mukiha
#16 Posted : Thursday, May 06, 2010 8:01:43 PM
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Waiting for 6.75 for my next off-load. I'm not in a hurry though.
Nothing is real unless it can be named; nothing has value unless it can be sold; money is worthless unless you spend it.
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VituVingiSana
#17 Posted : Friday, May 07, 2010 5:27:31 AM
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Jaguar wrote:
@vvs,
6.10-2.75=?
(6.10-2.75)x150K=?

I had deducted (estimated) commissions + incidentals as well... @2% (approx) each way...
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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VituVingiSana
#18 Posted : Friday, May 07, 2010 5:46:12 AM
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mukiha wrote:
Waiting for 6.75 for my next off-load. I'm not in a hurry though.

Pie in the sky at the moment...
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Jaguar
#19 Posted : Friday, May 07, 2010 9:11:30 AM
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@vvs,
assuming a commission of 2.13%...

buying...2.75x150000x1.0213=421,286.25
selling..6.10x150000x0.9787=895,510.50
profit...895510.50-421286.25=474,224.25

price today is however lower, looks like it will close @5.90
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VituVingiSana
#20 Posted : Friday, May 07, 2010 10:02:45 AM
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Joined: 1/3/2007
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Location: Nairobi
Jaguar wrote:
@vvs,
assuming a commission of 2.13%...

buying...2.75x150000x1.0213=421,286.25
selling..6.10x150000x0.9787=895,510.50
profit...895510.50-421286.25=474,224.25

price today is however lower, looks like it will close @5.90

"Tail between my legs"... I have no idea what I was smoking that day!

LOL...
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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