wasee wa NSE and other potential investors…
Safaricom stock has been crashing in recent months (a 41% decline from its August 2021 All Time High of kes. 44.95)
The current price is kes. 26.5.
Considering the many issues the company is experiencing eg pressure to reduce mpesa charges from gvt (it’s cash cow), foreign investors pulling out, exorbitant fuliza issues raised by politicians and break-up issues as well as opportunities (Ethiopia expansion etc), what is a good price to buy?
Kuna time ilikua 5 bob
Enter when the dividend yield is 10%. Unaweza anza 8% and average down.
Basically, anza Ksh 12.5 bob.
#This is not financial advice
relevance?
That yield is ideal
Do you think the stock price will fall to 12.5 bob in coming months/years?
Itashuka hadi chini ya 17
I don’t know. Nobody can predict the future. Why don’t you look at other counters like Equity?? The price is much nearer to that yield and its growing earnings at a faster rate than safcom.
Between now and September, there will be a drop in prices in almost all sectors. It happens almost every time we have elections, with just the right timing, say just a few days to elections would be really ideal
You can’t time the market, Safaricom is a buy, whether it goes up or down and when it does, noone knows.
Following.