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Safaricom 2019/2020
Ericsson
#391 Posted : Monday, August 03, 2020 2:58:09 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
31mn shares traded today,are those exitors or buyers.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Monk
#392 Posted : Monday, August 03, 2020 3:34:46 PM
Rank: Member

Joined: 7/1/2009
Posts: 272
Ericsson wrote:
31mn shares traded today,are those exitors or buyers.


Is there a correlation between those and the price direction?
babashuge
#393 Posted : Tuesday, August 04, 2020 7:12:28 AM
Rank: New-farer

Joined: 1/4/2019
Posts: 69
Location: Nairobi
Monk wrote:
Ericsson wrote:
31mn shares traded today,are those exitors or buyers.


Is there a correlation between those and the price direction?


Hmmm, now that MJ sold off most of his shares a while ago. Will he have to rebuy some?...and can this be used as an indicator of confidence in him for the position?
watesh
#394 Posted : Tuesday, August 04, 2020 7:34:38 AM
Rank: Veteran

Joined: 8/10/2014
Posts: 992
Location: Kenya
babashuge wrote:
Monk wrote:
Ericsson wrote:
31mn shares traded today,are those exitors or buyers.


Is there a correlation between those and the price direction?


Hmmm, now that MJ sold off most of his shares a while ago. Will he have to rebuy some?...and can this be used as an indicator of confidence in him for the position?


MJ is old, he doesn't have rebuy any shares. He should enjoy some of his wealth at this time. Safaricom is more of a mature company so unless sth drastic happens another 10x is highly unlikely in the next 10 years as compared to the last 10 years. I would also sell if I was MJ. The one who needs skin in the game is the new CEO.
kmucheke
#395 Posted : Tuesday, August 04, 2020 9:19:25 AM
Rank: Member

Joined: 3/16/2019
Posts: 313
As the trade war between China and US rages on, Kenya will be thrust in the mix as Safaricom launches 5G service powered by Huawei this year and at the same time GoK is negotiating for free trade agreement with the US.

The UK was forced to abandon Huawei's 5G equipment on ground of "national security".

Kenya backs Safaricom in US, Huawei 5G fight

Quote:

“I have not seen any letter or document about stopping the project and we cannot stop even if we are asked to do so. We are an independent country,” Mr Mucheru told the Business Daily in the sidelines of a digital police occurrence book launch in Nairobi.

“Again, the government does not deal with vendors. It’s the service providers who will decide who to work with”.

The US has been urging its European allies and others not to use Huawei, one of Safaricom’s network vendors along with Nokia, citing security concerns.
Involving Huawei in Safaricom’s 5G network could emerge in talks on a free trade agreement between the US and Kenya, analysts said.

For Safaricom, the 5G service is a central part of its attempts to further expand its data business to counter slower growth in voice calls revenue.


Ericsson
#396 Posted : Tuesday, August 04, 2020 9:54:02 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
kmucheke wrote:
As the trade war between China and US rages on, Kenya will be thrust in the mix as Safaricom launches 5G service powered by Huawei this year and at the same time GoK is negotiating for free trade agreement with the US.

The UK was forced to abandon Huawei's 5G equipment on ground of "national security".

Kenya backs Safaricom in US, Huawei 5G fight

Quote:

“I have not seen any letter or document about stopping the project and we cannot stop even if we are asked to do so. We are an independent country,” Mr Mucheru told the Business Daily in the sidelines of a digital police occurrence book launch in Nairobi.

“Again, the government does not deal with vendors. It’s the service providers who will decide who to work with”.

The US has been urging its European allies and others not to use Huawei, one of Safaricom’s network vendors along with Nokia, citing security concerns.
Involving Huawei in Safaricom’s 5G network could emerge in talks on a free trade agreement between the US and Kenya, analysts said.

For Safaricom, the 5G service is a central part of its attempts to further expand its data business to counter slower growth in voice calls revenue.



There is no news here.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Sufficiently Philanga....thropic
#397 Posted : Tuesday, August 04, 2020 10:34:56 AM
Rank: Elder

Joined: 9/23/2010
Posts: 2,225
Location: Sundowner,Amboseli
Monthly Chart of Safaricom since 2008 listing.
First support at 25. Below this opens up to the March corona lows of 23.50, then Jan 2019 low of 21. The bears are raring to go!

@SufficientlyP
Ericsson
#398 Posted : Wednesday, August 05, 2020 10:11:41 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
https://www.safaricom.co...ess-releases/release/983
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Ericsson
#399 Posted : Thursday, August 06, 2020 11:42:38 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
Share price seems to be recovering losses experienced this week.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Angelica _ann
#400 Posted : Thursday, August 06, 2020 11:47:16 AM
Rank: Elder

Joined: 12/7/2012
Posts: 11,935
Ericsson wrote:
Share price seems to be recovering losses experienced this week.


Opus dei has messed up the revenues of this share, but it shall recover.
In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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