I hate trying to give immediate value and depend on others. So using stockmasters median nse dividend yield(3.3%) to place this in the market gives kes 6.05/-, then i add my 'goodwill' kes3/-, so 9.05/-

So far its up 3% so looks like the mrket isnt as excited as you are...

9.05 for safcon?!?! Abit ambitious on the short term, I reckon!

I hope its local cash, 3% gains from local cash is in this case like 40% ya akina horton(in good humor) but as i said its your call, hold or sell.

Profits soar for Kenyan mobile firm SAFARICOM LTD

NAIROBI, Kenya, May 26 - East Africa’s most profitable company Safaricom has broken another record, posting a 37 percent growth in its full year pre-tax profit to Sh20.96 billion.

The rise compares to Sh15.3 billion recorded in the 2008 financial year.

In 2009, turnover rose by 19.1 percent to Sh83.96 billion while net income grew 43.8 percent to Sh15.15 billion.

Announcing the results on Wednesday, Safaricom Chief Executive Officer Michael Joseph attributed the growth to an increase in data revenues, which went up 72.9 percent.

“Data is where the opportunity comes. Less than 10 percent of Kenyans have access to Internet and we want to play a major part in growing that from 10 to 40 percent,” Mr Joseph said adding that there was real demand for data and the operator was looking to make it as affordable as possible.

Safaricom’s customer numbers improved 18 percent to 15.79 million in the year.

In future, Safaricom is set to invest Sh23 billion in improving its network infrastructure in 2010, said Mr Joseph.

“I know our network quality is not one of the best but we are working towards improving that especially in areas of growth,” Mr Joseph said.

The company has recommended dividends of 20 cents per share held.