Safaricom had the worst two years in its history but there are opportunities for a long-term investor. We did not have Safaricom in our portfolio because it was too expensive from our point of view. And the dividend growth was not attractive to us.
From a capital gains perspective, the stock has a lot of potential and we are anticipating that it will drop to Kes 13 in December/Jan/Feb due to fundamental factors. And maybe break lower into the accumulation zone.
We will wait and see how the stock plays out.
From a capital gains perspective, the stock has a lot of potential and we are anticipating that it will drop to Kes 13 in December/Jan/Feb due to fundamental factors. And maybe break lower into the accumulation zone.
We will wait and see how the stock plays out.