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Safaricom investment - query
enyands
#1 Posted : Tuesday, January 22, 2019 2:53:40 AM
Rank: Elder


Joined: 12/25/2014
Posts: 2,294
Location: kenya
I never buy shares on the online platform because I don't know how it operates (wish someone can help). But today I paid a little attention on that sector and realized there is 924,482 shares being floated on the market. So:

924,482X490(price a share)= ksh.452,996,182 that need to be arbsobed.

Do we foresee growth hapa now that we have investors who are selling off with low pick ups? Some of the shares have been floated to as far as January last year and they haven't been bought yet? Iko nini hapa?

Taurrus
#2 Posted : Tuesday, February 05, 2019 11:31:18 AM
Rank: Member


Joined: 8/25/2015
Posts: 772
Location: Kite
I wish I can help!
Pirate
#3 Posted : Tuesday, February 05, 2019 12:06:52 PM
Rank: Member


Joined: 4/4/2007
Posts: 88
enyands wrote:
I never buy shares on the online platform because I don't know how it operates (wish someone can help). But today I paid a little attention on that sector and realized there is 924,482 shares being floated on the market. So:

924,482X490(price a share)= ksh.452,996,182 that need to be arbsobed.

Do we foresee growth hapa now that we have investors who are selling off with low pick ups? Some of the shares have been floated to as far as January last year and they haven't been bought yet? Iko nini hapa?


Before 2017 , SIC used to revalue the share price at the same rate as the rebates . For example if it declares 21% rebates , then the share price would be adjusted upwards at the same rate. This stimulated the share movement especially before the AGM .The revaluation of shares was fundamentally flawed and hence in 2017, they stopped the increments resulting in a massive sell-off . Now SIC is a closed market , and when everyone wants to sell , whose buying ? Hence the huge backlog. SIC is thus buying the shares using member monthly deposits hence the slow movement.
They just released the financial statements today with rebates of 15% . Not impressive , but better than Stima Cooperativesmile
Knowledge is power , but action gets things done ...
enyands
#4 Posted : Tuesday, February 05, 2019 3:09:47 PM
Rank: Elder


Joined: 12/25/2014
Posts: 2,294
Location: kenya
Pirate wrote:
enyands wrote:
I never buy shares on the online platform because I don't know how it operates (wish someone can help). But today I paid a little attention on that sector and realized there is 924,482 shares being floated on the market. So:

924,482X490(price a share)= ksh.452,996,182 that need to be arbsobed.

Do we foresee growth hapa now that we have investors who are selling off with low pick ups? Some of the shares have been floated to as far as January last year and they haven't been bought yet? Iko nini hapa?


Before 2017 , SIC used to revalue the share price at the same rate as the rebates . For example if it declares 21% rebates , then the share price would be adjusted upwards at the same rate. This stimulated the share movement especially before the AGM .The revaluation of shares was fundamentally flawed and hence in 2017, they stopped the increments resulting in a massive sell-off . Now SIC is a closed market , and when everyone wants to sell , whose buying ? Hence the huge backlog. SIC is thus buying the shares using member monthly deposits hence the slow movement.
They just released the financial statements today with rebates of 15% . Not impressive , but better than Stima Cooperativesmile

Thanks. Hiyo statement of accounts looks confusing. To keep it simple,

1 how much is net profit for this year in comparison to last year ?
2 Dividends proposal ni ngapi?
murchr
#5 Posted : Tuesday, February 05, 2019 6:24:10 PM
Rank: Elder


Joined: 2/26/2012
Posts: 14,704
Pirate wrote:
enyands wrote:
I never buy shares on the online platform because I don't know how it operates (wish someone can help). But today I paid a little attention on that sector and realized there is 924,482 shares being floated on the market. So:

924,482X490(price a share)= ksh.452,996,182 that need to be arbsobed.

Do we foresee growth hapa now that we have investors who are selling off with low pick ups? Some of the shares have been floated to as far as January last year and they haven't been bought yet? Iko nini hapa?


Before 2017 , SIC used to revalue the share price at the same rate as the rebates . For example if it declares 21% rebates , then the share price would be adjusted upwards at the same rate. This stimulated the share movement especially before the AGM .The revaluation of shares was fundamentally flawed and hence in 2017, they stopped the increments resulting in a massive sell-off . Now SIC is a closed market , and when everyone wants to sell , whose buying ? Hence the huge backlog. SIC is thus buying the shares using member monthly deposits hence the slow movement.
They just released the financial statements today with rebates of 15% . Not impressive , but better than Stima Cooperativesmile



They should get into something else now other than trading land.

I haven't heard from Stima in a while.......
"There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
.
Ericsson
#6 Posted : Wednesday, February 06, 2019 10:03:49 AM
Rank: Elder


Joined: 12/4/2009
Posts: 7,010
Location: NAIROBI
Pirate wrote:
enyands wrote:
I never buy shares on the online platform because I don't know how it operates (wish someone can help). But today I paid a little attention on that sector and realized there is 924,482 shares being floated on the market. So:

924,482X490(price a share)= ksh.452,996,182 that need to be arbsobed.

Do we foresee growth hapa now that we have investors who are selling off with low pick ups? Some of the shares have been floated to as far as January last year and they haven't been bought yet? Iko nini hapa?


Before 2017 , SIC used to revalue the share price at the same rate as the rebates . For example if it declares 21% rebates , then the share price would be adjusted upwards at the same rate. This stimulated the share movement especially before the AGM .The revaluation of shares was fundamentally flawed and hence in 2017, they stopped the increments resulting in a massive sell-off . Now SIC is a closed market , and when everyone wants to sell , whose buying ? Hence the huge backlog. SIC is thus buying the shares using member monthly deposits hence the slow movement.
They just released the financial statements today with rebates of 15% . Not impressive , but better than Stima Cooperativesmile

Stima Investment ni ngapi?
enyands
#7 Posted : Wednesday, February 06, 2019 10:10:57 AM
Rank: Elder


Joined: 12/25/2014
Posts: 2,294
Location: kenya
Ericsson wrote:
Pirate wrote:
enyands wrote:
I never buy shares on the online platform because I don't know how it operates (wish someone can help). But today I paid a little attention on that sector and realized there is 924,482 shares being floated on the market. So:

924,482X490(price a share)= ksh.452,996,182 that need to be arbsobed.

Do we foresee growth hapa now that we have investors who are selling off with low pick ups? Some of the shares have been floated to as far as January last year and they haven't been bought yet? Iko nini hapa?


Before 2017 , SIC used to revalue the share price at the same rate as the rebates . For example if it declares 21% rebates , then the share price would be adjusted upwards at the same rate. This stimulated the share movement especially before the AGM .The revaluation of shares was fundamentally flawed and hence in 2017, they stopped the increments resulting in a massive sell-off . Now SIC is a closed market , and when everyone wants to sell , whose buying ? Hence the huge backlog. SIC is thus buying the shares using member monthly deposits hence the slow movement.
They just released the financial statements today with rebates of 15% . Not impressive , but better than Stima Cooperativesmile

Stima Investment ni ngapi?

Their silence speaks volume . Iko shida I'm sure
Ericsson
#8 Posted : Monday, February 11, 2019 3:30:01 PM
Rank: Elder


Joined: 12/4/2009
Posts: 7,010
Location: NAIROBI
Annual General Meeting is on Saturday 16th February 2019
enyands
#9 Posted : Monday, February 18, 2019 1:40:59 AM
Rank: Elder


Joined: 12/25/2014
Posts: 2,294
Location: kenya
Ericsson wrote:
Annual General Meeting is on Saturday 16th February 2019

So who attended this AGM and what were important highlights?
tinker
#10 Posted : Monday, February 18, 2019 10:42:11 AM
Rank: Member


Joined: 11/15/2010
Posts: 368
Location: Nairobi
enyands wrote:
Ericsson wrote:
Annual General Meeting is on Saturday 16th February 2019

So who attended this AGM and what were important highlights?


1. Share price retained at Kes 525.
2. 2018 dividends (rebates) 15%.
3. Dividends to be paid in full, meaning you will not be forced to plough-back certain percentage.
....He who began a good work in you will carry it on to completion..
enyands
#11 Posted : Monday, February 18, 2019 11:19:13 PM
Rank: Elder


Joined: 12/25/2014
Posts: 2,294
Location: kenya
tinker wrote:
enyands wrote:
Ericsson wrote:
Annual General Meeting is on Saturday 16th February 2019

So who attended this AGM and what were important highlights?


1. Share price retained at Kes 525.
2. 2018 dividends (rebates) 15%.
3. Dividends to be paid in full, meaning you will not be forced to plough-back certain percentage.



Ooh nice, Sante brother especially hiyo 15%. ( though I know in actual sense you don't get the full 15%, there is an excel sheet that they use and I don't know how it computes). Still the same I'll plough back. Any other important issue they raised that was of concern or exciting to you ?
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