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SCOM at Kshs. 4
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mv_ufanisi
#1 Posted : Monday, September 27, 2010 11:04:36 AM
Rank: Member


Joined: 1/15/2010
Posts: 625
SCOM is headed to 4.00 Kshs - and I still think it's over-priced at that price. Kshs. 3 is more like it. I expect atleast a 50% reduction in earnings over the year since they slashed prices.
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KulaRaha
#2 Posted : Monday, September 27, 2010 11:20:34 AM
Rank: Elder


Joined: 7/26/2007
Posts: 6,514
Buying Safcon is suicide...there is no way they will keep profits at last years levels, nor going forward is there much hope...
Business opportunities are like buses,there's always another one coming
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2012
#3 Posted : Monday, September 27, 2010 11:22:59 AM
Rank: Elder


Joined: 12/9/2009
Posts: 6,592
Location: Nairobi
The NSE is very unforgiving. Just how low will scom go?
As for Kenya Airways, kwani what happened at the AGM because it looks like it's headed the same direction as scom?

BBI will solve it :)
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guru267
#4 Posted : Monday, September 27, 2010 11:40:33 AM
Rank: Elder


Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
There are sooooo many counters on the NSE that would be doing much better if it wasn't for safcon's share tumbling...

Lakini the next support level for the stock is 3.8....
Selling at 5.40 is looking to be the best decision i made this year at the NSE
Mark 12:29
Deuteronomy 4:16
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mlennyma
#5 Posted : Monday, September 27, 2010 11:43:50 AM
Rank: Elder


Joined: 7/21/2010
Posts: 6,192
Location: nairobi
There is no panic now real panic will come,this is the problem of setting a high profit trend that cant be sustained...one orbit chewing gum is very expensive than a safcom share na bado.
"Don't let the fear of losing be greater than the excitement of winning."
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sorovi
#6 Posted : Monday, September 27, 2010 11:44:38 AM
Rank: Member


Joined: 8/3/2007
Posts: 146
yes me too.. cleared mine at 5.95 and others at 5.45... I don't think I was ready to watch to get to 2 bob...
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mlennyma
#7 Posted : Monday, September 27, 2010 11:47:49 AM
Rank: Elder


Joined: 7/21/2010
Posts: 6,192
Location: nairobi
Ninyi watu i told you safcom has spoiled the nse,so much investors money is tied in it for fear of making huge losses
"Don't let the fear of losing be greater than the excitement of winning."
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kyukkamba
#8 Posted : Monday, September 27, 2010 11:57:11 AM
Rank: Member


Joined: 5/28/2010
Posts: 151
guru267 wrote:
There are sooooo many counters on the NSE that would be doing much better if it wasn't for safcon's share tumbling...

Lakini the next support level for the stock is 3.8....
Selling at 5.40 is looking to be the best decision i made this year at the NSE


Some r going to as low as Shirigi Mbiri (2/=. Guru u seem to know where the price will stop dropping....what do u think is the fare value for this counter? and dont tell me it has no fare value...Laughing out loudly ..haki am laughing like anything am sure if MJ sees me he'll sue me...Laughing out loudly
Ni Uhuru wa Mbesha...Niguo kana tiguo?
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mukiha
#9 Posted : Monday, September 27, 2010 12:05:08 PM
Rank: Elder


Joined: 6/27/2008
Posts: 4,114
Trading so far today: foreigners account for over half of the purchases....

Wameona nini?
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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mwanahisa
#10 Posted : Monday, September 27, 2010 12:07:56 PM
Rank: Elder


Joined: 6/2/2008
Posts: 1,438
Kyukamba. Hii Counter haina "fare" value. It's share price can hardly pay the minimum Matatu fare anywhere in East Africa.

Having said that I do not expect profits to tumble by 50%. Reason. 5 months of 2010 FY was at the normal tariffs and I expect some growth till then. In H2 that's when the real impact will be felt but I think they will also try and contain some of their costs. I reckon they can make EPS of at least 25 cents.

I am not buying it as yet until it's price stabilizes - I am sure it will at some point. If that price is Kshs 3.00 - 3.50, let's see?!!
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the deal
#11 Posted : Monday, September 27, 2010 12:15:22 PM
Rank: Elder


Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
I'm watching Scom with a hawks eyes at below 4 bob i will definitely go in and average down...the price wars can not be sustained....
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guru267
#12 Posted : Monday, September 27, 2010 12:23:29 PM
Rank: Elder


Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
the deal wrote:
I'm watching Scom with a hawks eyes at below 4 bob i will definitely go in and average down...the price wars can not be sustained....

@the deal you guys are jazzing me like crazy...

Yaani you look through the whole market and still choose to buy safcon and sell KPLC....

And by the way on the price war front you aint seen nothing yet....

Zain is planning new attacks on 3G and zap that i have no clue How safcon will handle.... :(
Mark 12:29
Deuteronomy 4:16
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X13united
#13 Posted : Monday, September 27, 2010 12:27:06 PM
Rank: Member


Joined: 8/26/2010
Posts: 124
It seems we al agree on 1 thing- safcom is stil headin to the south pole. Can som1 remind us where the share ended up during p.election, i believ we are headin thea til further notice. At the end of the day, kk tought me a gud lesson-when we get to a reasonabl support ,buy buy buy n hope all goes wel.
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muganda
#14 Posted : Monday, September 27, 2010 12:27:22 PM
Rank: Elder


Joined: 9/15/2006
Posts: 3,907
guru267 wrote:
Selling at 5.40 is looking to be the best decision i made this year at the NSE


If only. I went into this share at this price. So my question is...

If the EPS maintains 0.38 (no rise or dip, unrealistic as it may seem), what is the fair price for this counter?

“If it seems too good to be true, it probably is”.
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peter79292
#15 Posted : Monday, September 27, 2010 12:39:33 PM
Rank: New-farer


Joined: 9/3/2010
Posts: 8
Be Fearful When Others Are Greedy And Greedy When Others Are Fearful” - Warren Buffett

@the Deal am with you.
Zain is an Indian company and we all know how they come with cheap promotions and then they just disappear just like that.
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qw25041985
#16 Posted : Monday, September 27, 2010 12:45:44 PM
Rank: User


Joined: 5/9/2010
Posts: 1,418
Location: Nai
This post shld have bn titled .: Safaricom at 3.00 , because thats where the stock will come dwn to rest.
Your future depends on your dreams so go to sleep !
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VituVingiSana
#17 Posted : Monday, September 27, 2010 12:46:03 PM
Rank: Chief


Joined: 1/3/2007
Posts: 18,276
Location: Nairobi
peter79292 wrote:
Be Fearful When Others Are Greedy And Greedy When Others Are Fearful” - Warren Buffett

@the Deal am with you.
Zain is an Indian company and we all know how they come with cheap promotions and then they just disappear just like that.

Huh? What bullshit! The weirdest 'promotions' have always been from SufferingCON...

Who remember the Saasa Tariff... I think from 2pm-8pm...

BTW, Zain-Airtel have been very clear... PERMANENT OFFER, NO TERMS & CONDITIONS...

So simple... Any top-up value gives you 3/- calls to ANY network... 1/- sms to ANY network!
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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VituVingiSana
#18 Posted : Monday, September 27, 2010 12:55:15 PM
Rank: Chief


Joined: 1/3/2007
Posts: 18,276
Location: Nairobi
Oh, if only I could short naked Safaricom...
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Gordon Gekko
#19 Posted : Monday, September 27, 2010 1:02:02 PM
Rank: Elder


Joined: 5/27/2008
Posts: 3,760
Dear Neveready,

Hope you are well. There is someone on the way to keep you company at your price range. Chances are he will arrive tomorrow or the day after. Please be nice to him as he will be with you for a while.
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guru267
#20 Posted : Monday, September 27, 2010 1:03:21 PM
Rank: Elder


Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
VituVingiSana wrote:
Oh, if only I could short naked Safaricom...

@VVS i share the exact sentiments... I would be laughing all the way to the bank shorting safcon....
NSE and CMA need to step up their game
Mark 12:29
Deuteronomy 4:16
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