Am I the only one who has total disregard for stock recommendations by brokers? A conflict of interest at its best. A broker will advise you to buy anything as long as he makes his 2.1%...he does not really care whether you are making or losing money. The only reason I read recommendations is to get any information that may have passed me about a counter...I dont care about their opinions

For Total disregard you are alone!!! As @mlenny put it....if their reccomendations are at per with your research then you are swimming together..but if wide apart then adopt yours and disregard them. For example you and them hold same opinion on Kenya Re...how do you explain that? Both if you are wrong ?or who copied who?or you are just prideful and can't imagine the brokers can give a good reccomendation as you do. Point is don't rely fully on brokers reccos.

My problem with brokers is that they give long lists of recommendations...some give over 10 counters, which leaves you wondering whether they have your best interest at heart.

@pesanane, please add trishamugerwa@gmail.com

Asante

Done. Welcome.

Brokers give a list of 10 recommendations to generate activity in the market. More activity = More business = More money for them. The broker is the last person you should ask for a stock recommendation and the first person you should ask for specific information, such as news.

I have one from NIC securities have you come across that?before I send i.e

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@king repost it huko...

That is the reason. Send a join request I add you to the group.

Courtesy D&B 13 July 2015

On to a new phase: Spectrum and Mobile Money

We initiate coverage on Safaricom Ltd with a BUY recommendation and a target price of KES. 18.67, a 17 per cent upside from the current price of KES. 16.00. Our recommendation is based on our views on:

 Strong earnings growth outlook. The Company has delivered strong performance historically. We are bullish on earnings growth expectations, with a forecasted 6.0 per cent profit after tax CAGR for the forecast period.

 Brand strength and firm market positioning. Safaricom remains the most preferred and the largest telecommunications network in Kenya. With a subscriber market share of 67.4 per cent and an all-round product offering model, we expect increased growth in customer numbers and reduced customer churning rate.

 Valuations still attractive. Safaricom trades fairly at par with its peers both within MENA and Global space, offering an additional alpha space. The
Company trades at a PE of 20.11x and an EV/EBITDA multiple of 11.11x against a peer average 17.42x and 7.40x respectively. The share price rallied 13.90 per
cent year to date on expectations of the full year 2014 results.

 Innovations and product offerings. Safaricom is at the forefront in innovations within the telecommunications sector globally, having been featured as one of the top ten most innovative companies in Africa by Forbes. Introduction of MPESA
revolutionised Mobile Money globally. The Company has further integrated M-PESA into most business transactions, including mobile banking. The Company has recently launched its set-top TV box, which will rival the existing boxes further growing its Data revenues. Safaricom further plans to launch an M-PESA MasterCard, in partnership with Kenya Commercial Bank
(KCB), the largest bank in Kenya by assets.

The recent developments in the Kenyan mobile telecommunications have resulted in pricing changes and product innovation. Safaricom has solidified its position by offering wider coverage across Kenya, improving on its infrastructure and enhancing its cost management initiatives.
With a subscriber base of 23.5 million customers out of an estimated population of 46 million, Safaricom, has a huge platform to leverage upon for future growth.
Partnerships with local institutions to deliver innovative services will be a key determinant in further growth. The recent partnership with KCB to offer mobile based lending will drive further growth in revenue.
However, the regulatory environment remains a concern due to recent investigations by Competition Authority of Kenya into Safaricom’s dominant market position. We view it to have minimal impact on Safaricom in the short term.
We anticipate no significant revisions of tariffs going forward since the market is already at the lowest tariff levels