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Safaricom FY 2016 results net profit up 19.6%
Rank: Chief Joined: 8/4/2010 Posts: 8,977
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Spikes wrote:hisah wrote:Sufficiently Philanga....thropic wrote:Level to watch out for is the EMA200 level of 12.50 in the coming down leg.  Key level to watch is the August 2015 panic low. If that support is broken that will be a clear warning sign that the bullish structure is running out of gas. Next critical level will be 12.50 as you've pointed out. If it breaks the @aguy can get his 10 handle wish. But I don't expect sub 15 levels with the kind of dividend on offer. Unless H1 shows a very serious earnings weakness, such correction levels will be bought hard. You have not factored in Brexit aftershocks. I have factored in brexit! If you sell the quality stocks what are you going to buy? Tbills, tbonds, real estate? Dump that cash in a call account at the current poor rates. Doesn't make sense... $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Elder Joined: 7/21/2010 Posts: 6,175 Location: nairobi
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17bob with .76cts dividend on it's head, "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Elder Joined: 9/20/2015 Posts: 2,811 Location: Mombasa
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mlennyma wrote:17bob with .76cts dividend on it's head, It will shed more than 10 times the current dividend. Ngoja! You will witness selloff you have never noted in history since 2008 GFC. John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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Rank: Elder Joined: 12/4/2009 Posts: 10,639 Location: NAIROBI
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Na bado even with the current dividend itafika 15 and below. This bear run is a serious one. Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Veteran Joined: 8/16/2009 Posts: 994
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@ 15 Bob that will be a guaranteed 5% dividend yield. A good point to start accumulating. 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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Rank: Elder Joined: 7/22/2009 Posts: 7,451
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Spikes wrote:mlennyma wrote:17bob with .76cts dividend on it's head, It will shed more than 10 times the current dividend. Ngoja! You will witness selloff you have never noted in history since 2008 GFC. Shed 7.60/=??? Safaricom at 10/= you say?? Haki I want what you guys are smoking!!! Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
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Rank: Elder Joined: 12/25/2014 Posts: 2,300 Location: kenya
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MaichBlack wrote:Spikes wrote:mlennyma wrote:17bob with .76cts dividend on it's head, It will shed more than 10 times the current dividend. Ngoja! You will witness selloff you have never noted in history since 2008 GFC. Shed 7.60/=??? Safaricom at 10/= you say?? Haki I want what you guys are smoking!!! Wet weed
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Rank: Member Joined: 5/30/2016 Posts: 217 Location: Talai
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mlennyma wrote:17bob with .76cts dividend on it's head, Barclays Bank already paid 0.80cts at Ksh. 14.00. and now it is 9.45cts.. Safaricom at ksh. 12.00 after September 4th. is mostly likely to be fetched.. Watch and Listen and Live
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Rank: Member Joined: 2/7/2014 Posts: 155
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ARAP CHARLES wrote:mlennyma wrote:17bob with .76cts dividend on it's head, Barclays Bank already paid 0.80cts at Ksh. 14.00. and now it is 9.45cts.. Safaricom at ksh. 12.00 after September 4th. is mostly likely to be fetched.. One thing i have learnt in my few years of Stock market....Never say 'NEVER".Anything under the sun is possible.down trend or uptrend.
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Rank: Member Joined: 2/24/2015 Posts: 154 Location: Nairobi
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Bids for 10 million shares came online this morning at 17 and above. Wouldn't worry too much about a big slide at the moment.
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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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researchfirst wrote:Bids for 10 million shares came online this morning at 17 and above. Wouldn't worry too much about a big slide at the moment. Sasa hiyo imeharibu.... possunt quia posse videntur
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Rank: Elder Joined: 9/20/2015 Posts: 2,811 Location: Mombasa
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kasibitta wrote:ARAP CHARLES wrote:mlennyma wrote:17bob with .76cts dividend on it's head, Barclays Bank already paid 0.80cts at Ksh. 14.00. and now it is 9.45cts.. Safaricom at ksh. 12.00 after September 4th. is mostly likely to be fetched.. One thing i have learnt in my few years of Stock market....Never say 'NEVER".Anything under the sun is possible.down trend or uptrend. Absolutely! Anything is possible either way! John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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Rank: Veteran Joined: 3/26/2012 Posts: 985 Location: Dar es salaam,Tanzania
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Spikes wrote:kasibitta wrote:ARAP CHARLES wrote:mlennyma wrote:17bob with .76cts dividend on it's head, Barclays Bank already paid 0.80cts at Ksh. 14.00. and now it is 9.45cts.. Safaricom at ksh. 12.00 after September 4th. is mostly likely to be fetched.. One thing i have learnt in my few years of Stock market....Never say 'NEVER".Anything under the sun is possible.down trend or uptrend. Absolutely! Anything is possible either way! SAFARICOM IS ON A RSI OF 35..I STILL BELIEVE IT TO BE BULLISH AND as such its oversold at such levels.. For this cycle the reversal is at 17.00..expect a bullish reversal candlestick today Wale wa 15 keep waiting
“The pessimist complains about the wind; the optimist expects it to change; the realist adjusts the sails.”
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Rank: Veteran Joined: 3/26/2012 Posts: 985 Location: Dar es salaam,Tanzania
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Metasploit wrote:Aguytrying wrote:Sufficiently Philanga....thropic wrote:Level to watch out for is the EMA200 level of 12.50 in the coming down leg. I'm praying this somehow brings safcom to 10.00. Even if just a temporary confusion NEVER.. NOT WITH A 4% DIVIDEND YIELD AND BEING VERY LIQUID... The stock is very liquid..It will attract big money looking for quality If you get it at 16 you will be lucky..Looking at 16.50-16.80 to re-enter Touched a low of 16.90 yesterday.Floored at 17.00 today Got in at 17.10..It hit the bottom yesterday for this cycle
“The pessimist complains about the wind; the optimist expects it to change; the realist adjusts the sails.”
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Rank: Elder Joined: 7/21/2010 Posts: 6,175 Location: nairobi
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The demand has regrouped and it's furious like a wounded lion "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Veteran Joined: 3/26/2012 Posts: 985 Location: Dar es salaam,Tanzania
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somebody (small guy like us) can get equity at 37 without much effort. There is no significant supply all the way to 40
“The pessimist complains about the wind; the optimist expects it to change; the realist adjusts the sails.”
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Rank: Elder Joined: 9/20/2015 Posts: 2,811 Location: Mombasa
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mlennyma wrote:The demand has regrouped and it's furious like a wounded lion That demand is temporary. It will collapse within minutes wiping out all your optimism of heading north. I still maintain there must be a voluminous selloff as investors' capital flew across borders to safe havens. Cash is king at Banks in Panamas! John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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Rank: Elder Joined: 7/21/2010 Posts: 6,175 Location: nairobi
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Safcom iko na wenyewe,i leave it alone. "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Elder Joined: 12/4/2009 Posts: 10,639 Location: NAIROBI
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@mlennyama Stocks have been rallying globally as the Brexit fears start easing. The tide has now caught up with our NSE and most counters today are recording positive gains Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 7/21/2010 Posts: 6,175 Location: nairobi
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Ericsson wrote:@mlennyama
Stocks have been rallying globally as the Brexit fears start easing.
The tide has now caught up with our NSE and most counters today are recording positive gains this is how the train will leave for good one day,and you know trains don't just stop everywhere "Don't let the fear of losing be greater than the excitement of winning."
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Safaricom FY 2016 results net profit up 19.6%
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