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Analysis of Safaricom FY 2011 results
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The Merchant
#51 Posted : Thursday, June 16, 2011 2:53:37 PM
Rank: Veteran

Joined: 5/24/2010
Posts: 846
Location: KENYA
dunkang wrote:
16th JUNE 2011 11:11AM, SAFARICOM SHARES. Bid Quantity 2,542,800; Ask Quantity 11,291,900; Trade Quantity 1,120,400.

This means safcom might be trading at 3.95 today, but, in 2weeks time, it will be at 4.50+. BUY!!!!!!!!!!!!

Shame on you Shame on you Shame on you
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2012
#52 Posted : Thursday, June 16, 2011 3:01:22 PM
Rank: Elder

Joined: 12/9/2009
Posts: 6,592
Location: Nairobi
dunkang wrote:
16th JUNE 2011 11:11AM, SAFARICOM SHARES. Bid Quantity 2,542,800; Ask Quantity 11,291,900; Trade Quantity 1,120,400.

This means safcom might be trading at 3.95 today, but, in 2weeks time, it will be at 4.50+. BUY!!!!!!!!!!!!


I think there's a certain amount an investors will be willing to buy SCOM. 4.50/- is too much, you'll probably see that level maybe in Nov when book closure nears but for now I see no reason for someone to tie in their money here while there's better quality fish in this ocean.

BBI will solve it :)
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Genghis Khan
#53 Posted : Thursday, June 16, 2011 4:08:15 PM
Rank: Member

Joined: 8/5/2010
Posts: 335
Location: Nairobi
VituVingiSana wrote:
@drake - I spoke to a very senior chap at Safaricom. It cannot 'earn' interest from M-Pesa cash as Safaricom... [Well, directly anyway!]


I am told by a friend who is safcom staff that the MPesa float is exclusively at CBA (who can obviously lend at 14%plus).

In return Safcom have a deal where CBA lends to Safcom staff at the low single digit %rates... I hear even better rates than CBA staff.

Also they get working capital CHEAP just so CBA can hold the MPesa!

Anyone with info to corroborate / dispute this SMART-WORKAROUND?
"I'd rather be lucky than clever... every time!" - ME
"The problem is not what we don't know... it's what we know for sure that just ain't!" - MARK TWAIN
"Space we can recover... time never!" - NAPOLEON BONAPARTE
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  | | Edit by user: Thursday, June 16, 2011 4:14 PM | Reason: Not specified
dunkang
#54 Posted : Thursday, June 16, 2011 4:17:38 PM
Rank: Elder

Joined: 6/2/2011
Posts: 4,824
Location: -1.2107, 36.8831
Am also told that safcon intend to persuade its staff to buy (increase) their shares. Maybe the CBA thing is true. Why should a commercial bank lend at single digits percentage in KENYA!
Receive with simplicity everything that happens to you.” ― Rashi

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