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37 Pages«<353637
Safaricom 2019/2020
obiero
#721 Posted : Wednesday, July 13, 2022 11:57:12 AM
Rank: Elder


Joined: 6/23/2009
Posts: 13,154
Location: nairobi
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.

COOP 5,500 ABP12.6; HF 261,000 ABP 3.49; KCB 7,500 ABP 36; KQ 414,100 ABP 7.92; MTN 15,750 ABP 6.45
My 2 cents
#722 Posted : Wednesday, July 13, 2022 5:02:45 PM
Rank: Member


Joined: 6/2/2010
Posts: 893
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.
mlennyma
#723 Posted : Thursday, July 14, 2022 10:54:42 AM
Rank: Elder


Joined: 7/21/2010
Posts: 6,140
Location: nairobi
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."
Ericsson
#724 Posted : Thursday, July 14, 2022 8:18:02 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,412
Location: NAIROBI
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
mlennyma
#725 Posted : Tuesday, July 19, 2022 9:38:28 AM
Rank: Elder


Joined: 7/21/2010
Posts: 6,140
Location: nairobi
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."
My 2 cents
#726 Posted : Tuesday, July 19, 2022 3:11:01 PM
Rank: Member


Joined: 6/2/2010
Posts: 893
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.
littledove
#727 Posted : Tuesday, July 19, 2022 4:15:26 PM
Rank: Member


Joined: 7/1/2014
Posts: 856
Location: sky
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
Ericsson
#728 Posted : Sunday, July 31, 2022 11:42:00 AM
Rank: Elder


Joined: 12/4/2009
Posts: 10,412
Location: NAIROBI
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
VituVingiSana
#729 Posted : Sunday, July 31, 2022 1:20:23 PM
Rank: Chief


Joined: 1/3/2007
Posts: 17,812
Location: Nairobi
John Ngugi is the new Chairman replacing the competent and able MJ. d'oh! Sad Shame on you
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Ericsson
#730 Posted : Sunday, July 31, 2022 9:06:45 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,412
Location: NAIROBI
VituVingiSana wrote:
John Ngugi is the new Chairman replacing the competent and able MJ. d'oh! Sad Shame on you


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
VituVingiSana
#731 Posted : Monday, August 01, 2022 9:50:18 AM
Rank: Chief


Joined: 1/3/2007
Posts: 17,812
Location: Nairobi
Ericsson wrote:
VituVingiSana wrote:
John Ngugi is the new Chairman replacing the competent and able MJ. d'oh! Sad Shame on you


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
My 2 cents
#732 Posted : Monday, August 01, 2022 10:46:08 AM
Rank: Member


Joined: 6/2/2010
Posts: 893
VituVingiSana wrote:
Ericsson wrote:
VituVingiSana wrote:
John Ngugi is the new Chairman replacing the competent and able MJ. d'oh! Sad Shame on you


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.
cyruskulei
#733 Posted : Monday, August 01, 2022 11:13:16 AM
Rank: Member


Joined: 3/9/2010
Posts: 313
Location: kenya
My 2 cents wrote:
VituVingiSana wrote:
Ericsson wrote:
VituVingiSana wrote:
John Ngugi is the new Chairman replacing the competent and able MJ. d'oh! Sad Shame on you


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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