Rank: Elder Joined: 12/4/2009 Posts: 10,684 Location: NAIROBI
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passiveinvestor wrote:My 2 cents wrote:Ericsson wrote:[quote=My 2 cents]It is rare that the stock market hands someone 'gifts'.
Safaricom at current price, sub-26 is a gift.
As WB says, when it is raining gold, do not put out a thimble, reach for a bucket. I am buying all the safcom shares I can buy with all my spare cash.
I wish I had more ammo. There is something the market knows that we don't know. Good one  I think this one is just a case on international investors dumping their investments made in 'shit currencies' seeing as the dollar is strengthening so much. I think it's a combination of market pre-knowledge of the Fuliza rate discount and the inevitable breakup of Safaricom into Telco and MPESA. https://www.businessdail...p-to-50-percent-3965142[/quote] Breakup of Safaricom into Telco and Mpesa lower your expectations Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Chief Joined: 1/3/2007 Posts: 18,098 Location: Nairobi
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My 2 cents wrote:It is rare that the stock market hands someone 'gifts'.
Safaricom at current price, sub-26 is a gift.
As WB says, when it is raining gold, do not put out a thimble, reach for a bucket. I am buying all the safcom shares I can buy with all my spare cash.
I wish I had more ammo. Don't we all wish we had more ammo?  I see some well run firms at cheap prices and want to load up but no cash! Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Veteran Joined: 8/28/2015 Posts: 1,247
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My 2 cents wrote:maka wrote:Ericsson wrote:[quote=My 2 cents]It is rare that the stock market hands someone 'gifts'.
Safaricom at current price, sub-26 is a gift.
As WB says, when it is raining gold, do not put out a thimble, reach for a bucket. I am buying all the safcom shares I can buy with all my spare cash.
I wish I had more ammo. There is something the market knows that we don't know. 100% correct.... Apparently we now do. It is all the kerfuffle about digital loan fees being regulated to suit the 'hustle' narrative. [/quote The K-fiasco in s will get smitherened, Down must be the way to go. So painful, but utado ,Behold, a sower went forth to sow;....
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Rank: Elder Joined: 7/22/2009 Posts: 7,452
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VituVingiSana wrote:My 2 cents wrote:It is rare that the stock market hands someone 'gifts'.
Safaricom at current price, sub-26 is a gift.
As WB says, when it is raining gold, do not put out a thimble, reach for a bucket. I am buying all the safcom shares I can buy with all my spare cash.
I wish I had more ammo. Don't we all wish we had more ammo? I see some well run firms at cheap prices and want to load up but no cash! @vvs - What are some of these firms you are lookin @. Mwaga mtama. 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: Member Joined: 11/21/2018 Posts: 564 Location: Britain
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MaichBlack wrote:VituVingiSana wrote:My 2 cents wrote:It is rare that the stock market hands someone 'gifts'.
Safaricom at current price, sub-26 is a gift.
As WB says, when it is raining gold, do not put out a thimble, reach for a bucket. I am buying all the safcom shares I can buy with all my spare cash.
I wish I had more ammo. Don't we all wish we had more ammo? I see some well run firms at cheap prices and want to load up but no cash! @vvs - What are some of these firms you are lookin @. Mwaga mtama. True. Elder @VVS please share.
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Rank: Elder Joined: 7/22/2009 Posts: 7,452
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Yesterday and today I have added tonnes more of Safaricom at between 24/= and 25/=. I have money set aside to buy more Equity and EABL at the right price. If Safcom goes any lower, I might use a percentage of that to add more Safcom. 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: Member Joined: 11/21/2018 Posts: 564 Location: Britain
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MaichBlack wrote:Yesterday and today I have added tonnes more of Safaricom at between 24/= and 25/=.
I have money set aside to buy more Equity and EABL at the right price. If Safcom goes any lower, I might use a percentage of that to add more Safcom. What happens if the proposed split is actualized?
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Rank: Elder Joined: 7/22/2009 Posts: 7,452
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Queen wrote:MaichBlack wrote:Yesterday and today I have added tonnes more of Safaricom at between 24/= and 25/=.
I have money set aside to buy more Equity and EABL at the right price. If Safcom goes any lower, I might use a percentage of that to add more Safcom. What happens if the proposed split is actualized? You become a shareholder of both. Like happened with Stanbic. 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: Member Joined: 11/21/2018 Posts: 564 Location: Britain
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MaichBlack wrote:Queen wrote:MaichBlack wrote:Yesterday and today I have added tonnes more of Safaricom at between 24/= and 25/=.
I have money set aside to buy more Equity and EABL at the right price. If Safcom goes any lower, I might use a percentage of that to add more Safcom. What happens if the proposed split is actualized? You become a shareholder of both. Like happened with Stanbic. Understood, thanks.
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Rank: Elder Joined: 12/4/2009 Posts: 10,684 Location: NAIROBI
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Safaricom Ethiopia official launch is on today Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Veteran Joined: 7/1/2014 Posts: 903 Location: sky
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heavy volume today, half a billion my midday, a possible bottom 0f ksh 23.65 There are only two emotions in the stock market, fear and hope. The problem is, you hope when you should fear and fear when you should hope
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Rank: New-farer Joined: 8/1/2019 Posts: 86
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The temptation to get in at sub 24 is very strong
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Rank: Elder Joined: 7/21/2010 Posts: 6,183 Location: nairobi
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McGill wrote:The temptation to get in at sub 24 is very strong if it was at 44bob who am I to fear buying at 23.95? let me bite something because the 44bob buyer is still optimistic "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Elder Joined: 7/22/2009 Posts: 7,452
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mlennyma wrote:McGill wrote:The temptation to get in at sub 24 is very strong if it was at 44bob who am I to fear buying at 23.95? let me bite something because the 44bob buyer is still optimistic Have you seen the price direction today?? We might have found the bottom. May be... 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: 7/21/2010 Posts: 6,183 Location: nairobi
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MaichBlack wrote:mlennyma wrote:McGill wrote:The temptation to get in at sub 24 is very strong if it was at 44bob who am I to fear buying at 23.95? let me bite something because the 44bob buyer is still optimistic Have you seen the price direction today?? We might have found the bottom. May be... Any interim div expectation H1? "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Chief Joined: 1/3/2007 Posts: 18,098 Location: Nairobi
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mlennyma wrote:MaichBlack wrote:mlennyma wrote:McGill wrote:The temptation to get in at sub 24 is very strong if it was at 44bob who am I to fear buying at 23.95? let me bite something because the 44bob buyer is still optimistic Have you seen the price direction today?? We might have found the bottom. May be... Any interim div expectation H1? There is a lot of cash required in Ethiopia. Perhaps it makes sense to pay just a final dividend and reduce debt. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 12/4/2009 Posts: 10,684 Location: NAIROBI
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VituVingiSana wrote:mlennyma wrote:MaichBlack wrote:mlennyma wrote:McGill wrote:The temptation to get in at sub 24 is very strong if it was at 44bob who am I to fear buying at 23.95? let me bite something because the 44bob buyer is still optimistic Have you seen the price direction today?? We might have found the bottom. May be... Any interim div expectation H1? There is a lot of cash required in Ethiopia. Perhaps it makes sense to pay just a final dividend and reduce debt. The company committed to continue paying dividends even with the Ethiopia venture. Interim dividend is there Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 7/22/2009 Posts: 7,452
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MaichBlack wrote:Yesterday and today I have added tonnes more of Safaricom at between 24/= and 25/=.
I have money set aside to buy more Equity and EABL at the right price. If Safcom goes any lower, I might use a percentage of that to add more Safcom. And today I completed my Safaricom loading up period. Projected holding period? Same as Warren Buffet!!! 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: 7/22/2009 Posts: 7,452
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Queen wrote:MaichBlack wrote:VituVingiSana wrote:My 2 cents wrote:It is rare that the stock market hands someone 'gifts'.
Safaricom at current price, sub-26 is a gift.
As WB says, when it is raining gold, do not put out a thimble, reach for a bucket. I am buying all the safcom shares I can buy with all my spare cash.
I wish I had more ammo. Don't we all wish we had more ammo? I see some well run firms at cheap prices and want to load up but no cash! @vvs - What are some of these firms you are lookin @. Mwaga mtama. True. Elder @VVS please share. @VVS.... 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: New-farer Joined: 8/21/2017 Posts: 48
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MaichBlack wrote:Queen wrote:MaichBlack wrote:VituVingiSana wrote:My 2 cents wrote:It is rare that the stock market hands someone 'gifts'.
Safaricom at current price, sub-26 is a gift.
As WB says, when it is raining gold, do not put out a thimble, reach for a bucket. I am buying all the safcom shares I can buy with all my spare cash.
I wish I had more ammo. Don't we all wish we had more ammo? I see some well run firms at cheap prices and want to load up but no cash! @vvs - What are some of these firms you are lookin @. Mwaga mtama. True. Elder @VVS please share. @VVS.... @VVS please do share... Life is a beach and I'm just playing in the sand
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