quote:

Originally posted by Wagatesh:
Muhuthia the pain continues with the unspeakable demands for getting our money back.Still wondering whethee the investment was worth it!!Pain aint ceasing soon.....

quote:

Originally posted by Muhuthia:
If you see red eyed people with tears flowing from their eyes, know it, they are ordinary mwananchi 'Safaricom investors'.
Those in mumbling incoherently and appear dazed are those who took loans to buy the shares. The pain continues.

quote:

Originally posted by Muhuthia:
Does increase in the assets of the company (through retained profit) represent a proportionate increase in the value of shares and therefore the shareholders wealth? My answer would be no because though the market takes cognizance of the intrisic value of a share that value is not the only price determinant. The price is determined on the market floor and it is this price(so determined) multiplied by the No. of shares held that equals the shareholders wealth, the management's Job can further be norrowed down to "maximising the market price of the share"
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That statement has now been proved by the market! look at the share price of Safcom now has the wealth of the pre existing shareholders gonu up or down?
The stock exchange is a MARKET and the only price determinants are DEMAND and SUPPLY thius is the reason Safcom prices are depressed because DD exceeds supply. quote NSE chairman ...We are disappointed. We thought they came to invest but they came to speculate.

My advise if you missed on the IPO buy NOW! at five bob minus pain of queing. Its buyers market you know.