This is post number one thousand! Like Romario’s goals, some have been dubious, or forgotten, but many well received. It’s been a great 3 ½ year journey and thanks to all the people I have met, tips sent in, questions asked, frequent commenters et. al
Great people I met this week through KBW, Skunkworks, Makutano, and thank for their time and chats (in no particular order) to AKS (of Rich.co.ke), Coldtusker, EGM, Hash, Intelligensia, Kenyan Pundit, Kirima, Mental, Nakeel, Riyaz, Shiroh Kenyan Poet, Sports Kenya, Alpha Quadrant, and all others from Barcamp, Safari Sevens, and other events this week. I’ll start twittering for Afromusing next.
Safaricom Day 11
Week three kicks off with the company still accounting for over 92% of the shares volume and 75% of the cash at the NSE: Deals 6,151, Turnover Kshs. 785.2 million ($12.27 million), Average 7.82, Closing price unchanged, High 7.90, Low 7.75, Last 7.85, Volume 100.4 million shares.
Rich.co.ke commentary: Market is in equilibrium for now. Short term Investors are still supplying the market just below 8. Very well supported here. I expect a break higher, once the market absorbs the balance. I cannot believe it will be very long because of the activity we have already witnessed.
Up next after Safaricom is the KCB rights issue whose options began trading today and whose ‘prospectus is now (PDF)