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SAFARICOM
globeinterface
#1 Posted : Wednesday, April 22, 2009 10:22:00 PM
Rank: Member


Joined: 6/11/2008
Posts: 8
Safaricom Reverse Split (10:1)

Can anyone suggest that Safaricom does a reverse split on their shares. This way if they do a 10:1 and whoever has 1000 shares can have 100 at Ksh.28. This will reduce the craze buying that is making the damn stock stay at ksh2.80 making it very unattractive to people who make this stocks move up.


Chance favors the prepared mind.
Impunity
#2 Posted : Thursday, April 23, 2009 6:30:00 AM
Rank: Elder


Joined: 3/2/2009
Posts: 26,316
Location: Masada
This could help to realy make stable the share price.Its so cheap mpaka my house help can afford a few thousand shares.

Which is more dirty,the pig or Kenyan mp?
Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.

McReggae
#3 Posted : Thursday, April 23, 2009 7:18:00 AM
Rank: Elder


Joined: 6/17/2008
Posts: 23,365
Location: Nairobi
Is a reverse split allowed???

Make money.....then you will enjoy all the fine things in life!!!
..."Wewe ni mtu mdogo sana....na mwenye amekuandika pia ni mtu mdogo sana!".
mukiha
#4 Posted : Thursday, April 23, 2009 7:37:00 AM
Rank: Elder


Joined: 6/27/2008
Posts: 4,114
This matter has been discussed exhaustively here...check the archives...some call it stock consolidation.....

In a nut-shell; the conclusion was that such action would have little effect on the stock....with sh2,800 today I can get 1,000 shares...consolidate the by factor of ten and I can still get 100 shares....which is NOT an odd lot...thus 'small' will still get a chance to play the market.

Problem with SCOM (if indeed it is a problem!!!!!) is not the number of shares,but the number of shareholders-well over 500,000,most of them newcomers who expected windfalls and bought with borrowed money.
Nothing is real unless it can be named; nothing has value unless it can be sold; money is worthless unless you spend it.
Goals
#5 Posted : Thursday, April 23, 2009 11:56:00 AM
Rank: Member


Joined: 10/6/2008
Posts: 118
This share affected the NSE and NASI. the change is price either direction ia material. We needed fewer shares.

I can teach anybody how to get whatever they want out of life. The problem is that I can't find anybody who can tell me what they want.' Mark Twain
mukiha
#6 Posted : Thursday, April 23, 2009 12:21:00 PM
Rank: Elder


Joined: 6/27/2008
Posts: 4,114
@Goals,the NSE @) index is NOT capitalisation-weighted. All constituent counters (big or small) carry equal weight! A 10% change in SCOM (Mkt Cap = sh110bn) for example,has equal effect to a 10% change in Sasini (Mkt Cap = sh1.2bn).

I repeat: there are just too many shareholders who purchased with borrowed money.....once they are exhausted,the price will pick up again...assuming other fundametals remain strong....
Nothing is real unless it can be named; nothing has value unless it can be sold; money is worthless unless you spend it.
VituVingiSana
#7 Posted : Thursday, April 23, 2009 9:34:00 PM
Rank: Chief


Joined: 1/3/2007
Posts: 17,811
Location: Nairobi
Well... the idiots were told that 5/- was overdoing it... ati... 40 billion shares! It should have been around 20/- (to reduce the shares on offer)... also 100 shares is only 280/- (the minimum commission is 100/-)

Greedy when others are fearful,Very fearful when others are greedy - to paraphrase WB
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
VituVingiSana
#8 Posted : Thursday, April 23, 2009 9:40:00 PM
Rank: Chief


Joined: 1/3/2007
Posts: 17,811
Location: Nairobi
Well... the idiots were told that 5/- was overdoing it... ati... 40 billion shares! It should have been around 20/- (to reduce the shares on offer)... also 100 shares is only 280/- (the minimum commission is 100/-)

Greedy when others are fearful,Very fearful when others are greedy - to paraphrase WB
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
pm
#9 Posted : Friday, April 24, 2009 1:14:00 PM
Rank: Member


Joined: 11/11/2006
Posts: 60
'Can anyone suggest that Safaricom does a reverse split on their shares.' Exactly my sentimnts,reverse split is imperative ( min 20:1,or better 100:1)also,my observation is that SafariCom is making a bundle which is not bing reflected in the share price ...
mukiha
#10 Posted : Saturday, April 25, 2009 3:01:00 PM
Rank: Elder


Joined: 6/27/2008
Posts: 4,114
@pm; those are serious charges. Any proof?
Nothing is real unless it can be named; nothing has value unless it can be sold; money is worthless unless you spend it.
kingz
#11 Posted : Tuesday, April 28, 2009 5:58:00 AM
Rank: Member


Joined: 7/22/2008
Posts: 16
whether a reverse split is done,it doesnt make either the company or the investor better or worse off,simply a game of the mind to change the perception in the minds of the investors not to view this as a penny stock.

i concur with mukiha that if you borrowed money 2buy this stock,uza ndio ulipe deni n then the stock will pick up centeris paribus.

do you think the current price incorporates the info abt their results announcement given that MJ gave a +ive nod jana during the opening of their grand call centre?


pata potea
Pierce
#12 Posted : Tuesday, April 28, 2009 6:53:00 AM
Rank: Veteran


Joined: 3/16/2009
Posts: 1,464
@ pm I'm with you on that one. i can't give any evidence but like I have said here on SK before,the price is not 'reflective' of the money these guys are making.

I actually smell something fishy.

Ati today its dropping further down. MAHENI (Uongo)!!
obiero
#13 Posted : Saturday, June 18, 2022 4:09:58 PM
Rank: Elder


Joined: 6/23/2009
Posts: 13,152
Location: nairobi
Pierce wrote:
@ pm I'm with you on that one. i can't give any evidence but like I have said here on SK before,the price is not 'reflective' of the money these guys are making.

I actually smell something fishy.

Ati today its dropping further down. MAHENI (Uongo)!!

More than a decade later, no one knows the fair price of Safaricom

COOP 5,500 ABP12.6; HF 261,000 ABP 3.49; KCB 7,500 ABP 36; KQ 414,100 ABP 7.92; MTN 15,750 ABP 6.45
My 2 cents
#14 Posted : Saturday, June 18, 2022 7:47:39 PM
Rank: Member


Joined: 6/2/2010
Posts: 893
obiero wrote:
Pierce wrote:
@ pm I'm with you on that one. i can't give any evidence but like I have said here on SK before,the price is not 'reflective' of the money these guys are making.

I actually smell something fishy.

Ati today its dropping further down. MAHENI (Uongo)!!

More than a decade later, no one knows the fair price of Safaricom


The value of Safaricom depends on future growth projections - if they do well in Ethiopia, a PE of 15 and above is not unreasonable. And if they are able to grow their EPS to above Kes 2 (in the short term) because of the expansion - then any price below 30 per share is a fair price for a very solid business. Mark you the PE and EPS projections I have made are very modest.

Safaricom has for a long time traded with a PE of above 20 and who knows just how much profit could grow in the Ethiopian market. If EPS were 3 instead and PE rose back to 20, the share price would be 60. Time will tell.
Ericsson
#15 Posted : Monday, June 20, 2022 8:03:42 AM
Rank: Elder


Joined: 12/4/2009
Posts: 10,412
Location: NAIROBI
My 2 cents wrote:
obiero wrote:
Pierce wrote:
@ pm I'm with you on that one. i can't give any evidence but like I have said here on SK before,the price is not 'reflective' of the money these guys are making.

I actually smell something fishy.

Ati today its dropping further down. MAHENI (Uongo)!!

More than a decade later, no one knows the fair price of Safaricom


The value of Safaricom depends on future growth projections - if they do well in Ethiopia, a PE of 15 and above is not unreasonable. And if they are able to grow their EPS to above Kes 2 (in the short term) because of the expansion - then any price below 30 per share is a fair price for a very solid business. Mark you the PE and EPS projections I have made are very modest.

Safaricom has for a long time traded with a PE of above 20 and who knows just how much profit could grow in the Ethiopian market. If EPS were 3 instead and PE rose back to 20, the share price would be 60. Time will tell.


The worry currently is when will Ethiopia commence operations,no tentative date has been given so far.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Sufficiently Philanga....thropic
#16 Posted : Tuesday, June 21, 2022 11:01:58 AM
Rank: Elder


Joined: 9/23/2010
Posts: 2,166
Location: Sundowner,Amboseli
Scom prints sub 24 and currently flirting with corona lows.
One can grab it at 23 and sell in the relief rally that will start today afternoon/tomorrow morning into Friday!
Markets
Ericsson
#17 Posted : Tuesday, June 21, 2022 6:26:31 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,412
Location: NAIROBI
Sufficiently Philanga....thropic wrote:
Scom prints sub 24 and currently flirting with corona lows.
One can grab it at 23 and sell in the relief rally that will start today afternoon/tomorrow morning into Friday!


Relief rally kwa viusasa
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
McGill
#18 Posted : Tuesday, June 21, 2022 10:21:37 PM
Rank: New-farer


Joined: 8/1/2019
Posts: 72
Sufficiently Philanga....thropic wrote:
Scom prints sub 24 and currently flirting with corona lows.
One can grab it at 23 and sell in the relief rally that will start today afternoon/tomorrow morning into Friday!


With all the foreign exits in this counter? Let's wait and see
obiero
#19 Posted : Wednesday, June 22, 2022 11:43:02 AM
Rank: Elder


Joined: 6/23/2009
Posts: 13,152
Location: nairobi
McGill wrote:
Sufficiently Philanga....thropic wrote:
Scom prints sub 24 and currently flirting with corona lows.
One can grab it at 23 and sell in the relief rally that will start today afternoon/tomorrow morning into Friday!


With all the foreign exits in this counter? Let's wait and see

The current share price of Safaricom Plc (SCOM) is KES 23.50. SCOM closed its last trading day (Tuesday, June 21, 2022) at 24.00 KES per share on the Nairobi Securities Exchange (NSE), recording a 1.4% drop from its previous closing price of 24.35 KES. Safaricom began the year with a share price of 37.95 KES but has since lost 36.8% off that price valuation, ranking it 60th on the NSE in terms of year-to-date performance. Shareholders’ worries are compounded by the fact that SCOM has lost 10% of the stock’s value from May 23rd to date. We will sight KES 19 by Wednesday next week. That should be the bottom as per exchange bar prophecies

COOP 5,500 ABP12.6; HF 261,000 ABP 3.49; KCB 7,500 ABP 36; KQ 414,100 ABP 7.92; MTN 15,750 ABP 6.45
obiero
#20 Posted : Wednesday, June 22, 2022 7:30:04 PM
Rank: Elder


Joined: 6/23/2009
Posts: 13,152
Location: nairobi
No retreat no surrender. The current share price of Safaricom Plc (SCOM) is KES 23.45. SCOM closed its last trading day (Wednesday, June 22, 2022) at 23.45 KES per share on the Nairobi Securities Exchange (NSE), recording a 2.3% drop from its previous closing price of 24.00 KES. Safaricom began the year with a share price of 37.95 KES but has since lost 38.2% off that price valuation, ranking it 60th on the NSE in terms of year-to-date performance. Shareholders’ worries are compounded by the fact that SCOM has lost 11% of the stock’s value from May 24th to date.

COOP 5,500 ABP12.6; HF 261,000 ABP 3.49; KCB 7,500 ABP 36; KQ 414,100 ABP 7.92; MTN 15,750 ABP 6.45
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