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Safcom on a dive, whats going on?
StatMeister
#151 Posted : Monday, August 23, 2010 9:21:20 PM
Rank: Veteran

Joined: 5/23/2010
Posts: 868
Location: La Islas Galápagos
qw25041985 wrote:
You guyz mightnt know this but scom officals ar in europe now pleading w/ the foreigners. That explains the gush of demand today.


which foreigners and how so? i have always assumed interaction between company management and shareholders is minimal

furthermore, doesn't such an activity amount to insider trading?
A bad day fishing is better than a good day at work
StatMeister
#152 Posted : Monday, August 23, 2010 9:30:54 PM
Rank: Veteran

Joined: 5/23/2010
Posts: 868
Location: La Islas Galápagos
when doing SWOT for SAF, dont forget 2 things: # portability, MJs exit.
A bad day fishing is better than a good day at work
stocksguru
#153 Posted : Monday, August 23, 2010 11:56:57 PM
Rank: Member

Joined: 4/19/2007
Posts: 68
When two elephants fight, it is the "green" grass that gets the brunt of it...

IMHO, this is not about Safaricom and never will be; its about two Indian telcos both listed on the Bombay stock exchange, and fighting a cut throat thingy for their shareholders ( http://en.wikipedia.org/...e_Bombay_Stock_Exchange ) and Vodafone - a telco better known to clande around with everyone and anyone as long as cash exchanges hands

In India, Essar partners with Vodafone ( http://www.vodafone.in ), and their outfit is way smaller compared to Bharti, (India's largest mobile operator). Another note: Yu piggy-backs on the "Zain" network in areas where it does not have base-station presence. Love triangle, this mess!

My take is that Essar, (Vodafone's pal read clande, in India) - at Vodafone's orchestration - got into yu as a spoiler for Orange, Vodafone's most dreaded rival who perennially clobbers them at will in ALL other markets in which both operate (UK included http://en.wikipedia.org/...f_Europe#United_Kingdom ). The exception is Kenya - we are peculiar.

On the other hand, Bharti freaked out that if Essar made headway in emerging markets, (especially Kenya, touted as the emerging silicon valley of Africa) it could complicate its game-plan back home; (Kamau beats Wachira in the club, Wachira darks out of the club for a breather, Kamau follows Wachira outside the club fearing he's gone to get a weapon and the fight goes on outside the club) We all know a good offence is often a sufficient defense strategy, thats what it is about Bharti and Esser.

Am giving it to MJ... That he has held nerve for almost a week is commendable - that is leadership - I just hope he's making well considered decisions (assuming they are still his to make), what am not certain is whether he sees the above fight for what it is. I have this gut feeling MJ is not leaving Safcon out of free will, someone showed him the door (or he showed that someone a middle finger). First he looses his top distribution lieutenant mobicom, then gava lets him down on the 3G license saga and cedes its 20% in teams to Orange then Bharti... I recall reading some article that prohibits acquisition of telcos without government approval, what am wondering is whether that was meant to stop the legitimizing of the Vodafone-Essar indian clande locally. I read allot of gava-shafting in Vodafone's case, but gava is building roads, so the shafting can continue!

Then again, i would not be at all surprised if MJ surfaced on mombasa road on January 7th 2011 donning Bharti furahiday-dress-down colors...

Back to stocks & investments: SCBK is the MKesho for Zain's Mpesa called Zap, Discuss!

SCBK Chart link

my two penny mbilis!
kyt
#154 Posted : Tuesday, August 24, 2010 12:38:31 AM
Rank: Elder

Joined: 11/7/2007
Posts: 2,182
zain rules 4 ever
LOVE WHAT YOU DO, DO WHAT YOU LOVE.
guru267
#155 Posted : Tuesday, August 24, 2010 1:19:38 AM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
stocksguru wrote:
Back to stocks & investments: SCBK is the MKesho for Zain's Mpesa called Zap, Discuss!

@stocksguru sorry to disappoint you because SCBK is nowhere near as widespread.... Coop or KCB are zain's only option if they hope to make any meaningful impact
Mark 12:29
Deuteronomy 4:16
VituVingiSana
#156 Posted : Tuesday, August 24, 2010 1:25:44 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,349
Location: Nairobi
At 3/- off-net... forget those CONplicated deals from safariCON...
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
youcan'tstopusnow
#157 Posted : Tuesday, August 24, 2010 11:07:32 AM
Rank: Chief

Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
Offer valid upto September 23rd 2010. Sigh... Same old Safaricon. They never learn.
GOD BLESS YOUR LIFE
VituVingiSana
#158 Posted : Tuesday, August 24, 2010 11:19:47 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,349
Location: Nairobi
guru267 wrote:
stocksguru wrote:
Back to stocks & investments: SCBK is the MKesho for Zain's Mpesa called Zap, Discuss!

@stocksguru sorry to disappoint you because SCBK is nowhere near as widespread.... Coop or KCB are zain's only option if they hope to make any meaningful impact

Or partner with multiple banks including the smaller ones... What about joining with Family Bank...
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
kadonye
#159 Posted : Tuesday, August 24, 2010 11:31:19 AM
Rank: Elder

Joined: 5/30/2009
Posts: 1,390
If my memory serves me right, there was this time MJ owned up to the fact that their super-normal profits were unsustainable in the long run.I don't think Safcon were totally shocked by Zain's move.It was only just a matter of time...
What a wicked man I am!The things I want to do,I don't do.The things I don't want to do I find myself doing
hisah
#160 Posted : Tuesday, August 24, 2010 12:53:31 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
Scom morning price action is already confirming the 'stop supply' yesterday - currently a 12M buy order for 5.20 definitely will prevent the 5.20 breakdown. My desired price (5 or below) will not make it today for this short term relief trade. No need to chase the trade. Targets still remain 5.40 - 5.70. Above 5.60 selling pressure increases. But I don't expect it to hold above 5.50 after book closure. I still maintain the 5/- handle has to be lost to entice more big buyers. But the support at 5/- is huge. So that seesaw buyer/seller fight will be interesting.

As for long term investors, I don't know how many of you have checked the current scom prospectus and noticed that the Chair, CEO and Investment Officer hold amongst them approx 5.5M shares. That's 0.013% of the 40B share lot?!? Even more peculiar the CFO has no holdings? I wonder how many of their staff are still holding or even increased when it tanked to the pit below 3/- in Q1 2009. I wonder how many also participated in the ESOP last year.
Your conclusions are as good as mine.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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