Ebenyo wrote:MugundaMan wrote:Keep hope alive, baba. When you see kina Safcom, ICDC and other heavy hitters getting killed you know dhings are dhick. You will see me back in the market with gusto when SCOM scrapes 10 bob.
The current fundamentals suggest kshs 10 will not be in the near future.Maybe later.Infact buy now at this price of 23 coz next year it will be trading at 30 and above.
ha! ha! ha! ha! ha!
Danganya mwengine!
If ICDC is trading at waaay below book and still dropping,
Safcon just lost
a whopping 13% in voice traffic shareto airtel in the last 5 consecutive quarters (and growing)..and the stock is still dropping like a stone. Plus the casino (NSE) is rife with fraudsters and fraudster accounting. One would have to be insane to keep anything in Safcon until it hits 10 or less IMHO.Already you have gotten
shaved proper clinging to the casino. I told you guys ages ago. Never put anything more than 5% of your net worth in the casino, and even so, do not think of that investment as a "solid" one. You might wake up one morning a read a glaring headline that Safcon or any other "blue chip" company has been cooking books for decades. Just as happened with Home Afrika yet amazingly some still buy the stock! The funniest is Mumias which is basically complete scrap metal yet when I look at the volumes traded daily makes me SMH in amusement as to who those CDS account holders are that are trading an insolvent monkey of a stock as it hurtles towards 0!