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Safcom to trade at 2.50 ex div
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QW25081985
#51 Posted : Monday, September 12, 2011 8:54:10 PM
Rank: User

Joined: 8/29/2011
Posts: 1,045
Location: Mtaani
QW25081985 wrote:
Aguytrying wrote:
Call it whatt you may, safaricom and equity are rallying(maybe a relief-but something is happening to these two counters). now at 3.15. Cum div had hit a low of 2.90.


yeah i have also spotted equity rallying ...it shld hit resistance at 20.00 . But on some very shaky volume . those with guts can try to ride the rally ....


but as long as the index is falling i am touching nothing . i still maintain my equity target of 13-14 ...based on pure chart analysis ...
Oh yeah and co-op shld be trading at ten bob pretty soon
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mlennyma
#52 Posted : Monday, September 12, 2011 9:07:05 PM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
@qw If this figures you are quoting will come to pass will be because of election politics.
"Don't let the fear of losing be greater than the excitement of winning."
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Sufficiently Philanga....thropic
#53 Posted : Tuesday, September 13, 2011 10:18:30 AM
Rank: Elder

Joined: 9/23/2010
Posts: 2,225
Location: Sundowner,Amboseli
Impressive bids at 3 bob totalling 5.028M. Supply hardly there!
Watch this counter closely.
Waiting to see the impact of the imminent rate increase on its stock price!
@SufficientlyP
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mlennyma
#54 Posted : Tuesday, September 13, 2011 10:24:52 AM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
This is the only stock which doesnt know cum-dividend and ex-div..i consider this to be a sign of value stock.
"Don't let the fear of losing be greater than the excitement of winning."
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Sufficiently Philanga....thropic
#55 Posted : Tuesday, September 13, 2011 1:26:28 PM
Rank: Elder

Joined: 9/23/2010
Posts: 2,225
Location: Sundowner,Amboseli
Wow! Safaricom is really on Safari today. 30M shares traded at an impressive 3.10 ex-div in a bear market deserves a Applause Applause Applause !!!
@SufficientlyP
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youcan'tstopusnow
#56 Posted : Tuesday, September 13, 2011 1:51:26 PM
Rank: Chief

Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
hisah 1 QW 0 *tongue in cheek*
GOD BLESS YOUR LIFE
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githundi
#57 Posted : Tuesday, September 13, 2011 3:05:45 PM
Rank: Veteran

Joined: 11/19/2010
Posts: 1,308
Location: nairobi metropolitan
I don't understand why this stock excites people. It doesn't have much upside potential. It will not reach 8 again in the near future unless driven by inflation or kes depreciation such that the future value of 8 is equivalent to kes 3 now. It's price will lie btn kes 2.50 to kes 3.90 in the short to medium run, virtually unpredictabe as it depends on the mood of the foreign investors. I only use this share as mr market barometer, nothing less, nothing more.
Democracy does not belong to the dead
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hisah
#58 Posted : Tuesday, September 13, 2011 7:59:34 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
githundi wrote:
I don't understand why this stock excites people. It doesn't have much upside potential. It will not reach 8 again in the near future unless driven by inflation or kes depreciation such that the future value of 8 is equivalent to kes 3 now. It's price will lie btn kes 2.50 to kes 3.90 in the short to medium run, virtually unpredictabe as it depends on the mood of the foreign investors. I only use this share as mr market barometer, nothing less, nothing more.

If you know how to trade volume churn, this elephant makes a lot of money for traders smile
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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QW25081985
#59 Posted : Tuesday, September 13, 2011 8:03:31 PM
Rank: User

Joined: 8/29/2011
Posts: 1,045
Location: Mtaani
hisah wrote:
githundi wrote:
I don't understand why this stock excites people. It doesn't have much upside potential. It will not reach 8 again in the near future unless driven by inflation or kes depreciation such that the future value of 8 is equivalent to kes 3 now. It's price will lie btn kes 2.50 to kes 3.90 in the short to medium run, virtually unpredictabe as it depends on the mood of the foreign investors. I only use this share as mr market barometer, nothing less, nothing more.

If you know how to trade volume churn, this elephant makes a lot of money for traders smile



@ githundi . i believe your bearishness has already been factored in and now the stock has only one way to go and that UP !!!!!!!!!!!
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the deal
#60 Posted : Tuesday, September 13, 2011 8:27:49 PM
Rank: Elder

Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
@hisah unless u are trading millions u can not make money out of Safcon if u factor in the commissions...there is a ceiling at 3.50.
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