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De-listing safaricom
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2012
#11 Posted : Tuesday, September 21, 2010 5:12:50 PM
Rank: Elder

Joined: 12/9/2009
Posts: 6,592
Location: Nairobi
This is one counter where savvy investors have made a killing unfortunately it was at the expense of the opportunist, get rich quick, common mwananchi. Sorry to say but I think wananchi saw SCOM as the ultimate pyramid scheme.
Personally, I love SCOM because it's a guaranteed money maker if you know what you're doing.

BBI will solve it :)
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  | | Edit by user: Tuesday, September 21, 2010 5:40 PM | Reason: Not specified
mlennyma
#12 Posted : Tuesday, September 21, 2010 6:22:16 PM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
Sheep thanks for making my day. tuko pamoja
"Don't let the fear of losing be greater than the excitement of winning."
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mozenrat
#13 Posted : Tuesday, September 21, 2010 6:28:22 PM
Rank: Veteran

Joined: 5/18/2008
Posts: 796
Hata kama wewe si edible.. give us facts..


mlennyma wrote:
The listing of safcom was flawed from the word go,there was mobitelea,people were cheated to take loans to buy the share and they cry even today,refunds were held by citibank for years,this share will always pull down the nse and scare potential investors.


Mobitelea and Vodaphone Plc owned shares in Vodafone Kenya not in Safcom... and they gained that ownership long before Safcom was listed.. so how is that particular issue related to the listing of Safcom shares...

People took loans even to buy Kengen... That's their stupidity.. What does it have to do with the listing? Are you saying it wouldn't have been listed if they hadn't taken loans?

So Citibank held back refunds. That's either the fault of the Govt (which screwed up the sale of ITS shares in Safcom) or Citibank. How would de-listing help?

Jaribu tena kaka/dada
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  | | Edit by user: Tuesday, September 21, 2010 6:34 PM | Reason: Not specified
mozenrat
#14 Posted : Tuesday, September 21, 2010 6:36:20 PM
Rank: Veteran

Joined: 5/18/2008
Posts: 796
youcan'tstopusnow wrote:
mlennyma, 2.Safaricom ikidelistiwa, Eveready itafanywa?

Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly
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kyukkamba
#15 Posted : Tuesday, September 21, 2010 6:57:51 PM
Rank: Member

Joined: 5/28/2010
Posts: 151
2012 wrote:
... Personally, I love SCOM because it's a guaranteed money maker if you know what you're doing.



2012 si utulambishe hiyo asali kidogooosmile
Ni Uhuru wa Mbesha...Niguo kana tiguo?
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CapitalMarketsGeek
#16 Posted : Tuesday, September 21, 2010 7:50:58 PM
Rank: New-farer

Joined: 9/11/2010
Posts: 36
Anyone who cares to study IPOs would have seen it clearly, its is a repeatitive phenomeno for over 60 yrs..... after a period of IPO underpricing follows a period of IPO overpricing..following this, Safaricom IPO was overpriced and is now trading at its market value, what Scom need to do is to buy back a junk of its shares and leavarage it with debt, in short, take loans and buy back it share. Its not their best interest to dislist and they need not to!
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VituVingiSana
#17 Posted : Tuesday, September 21, 2010 8:06:25 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,349
Location: Nairobi
CapitalMarketsGeek wrote:
Anyone who cares to study IPOs would have seen it clearly, its is a repeatitive phenomeno for over 60 yrs..... after a period of IPO underpricing follows a period of IPO overpricing..following this, Safaricom IPO was overpriced and is now trading at its market value, what Scom need to do is to buy back a junk of its shares and leavarage it with debt, in short, take loans and buy back it share. Its not their best interest to dislist and they need not to!
It is daft for Safaricom to buy back shares at 'fair' or 'over-valued'... Only makes sense to buy back shares if they are under-valued!
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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kyt
#18 Posted : Tuesday, September 21, 2010 9:30:35 PM
Rank: Elder

Joined: 11/7/2007
Posts: 2,182
i think anyone who wanted to make money in safaricom did so. I have safaricom shares n do not regret buying with any one bit. I am holding them till kingdom come. Those who thought safaricom will do a kengen am sorry, u forget the shares in safaricom are 20 times more those in kengen. So u will have to wait a little longer, a whole lot longer.
LOVE WHAT YOU DO, DO WHAT YOU LOVE.
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Gatheuzi
#19 Posted : Tuesday, September 21, 2010 10:09:09 PM
Rank: Veteran

Joined: 8/16/2009
Posts: 994
Me too I got my fair share of Scom chums having got in at 3.45 and out at 5.40 in 6 months. I will wait for it at 3ish and make my comback...oops God willing.
Time is money, so money is time. Money saved is time gained in reverse! Money stores your life’s energy. You expend your energy, get paid money, and store that money for a future purchase made in a currency.
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sparkly
#20 Posted : Tuesday, September 21, 2010 10:40:01 PM
Rank: Elder

Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
Am not convinced that safcom's time is over. This fall is an overreaction.
Life is short. Live passionately.
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