bankelele

  • Safaricom 5s

    Posted: July 18, 2008, 4:16 pm by bankelele
    Safaricom IPO Day 30: Deals 1,297, Turnover Kshs. 257.9 million [$3.9 million] Average 6.23 High 6.60 Low 5.95 Last 6.20 Volume 41.4 million shares. Feels and smells like a bear raid. [Commentary and data from Rich.co.ke - NSE data vendor, with Free real time prices between 0930 -1500]

    - What is the role of Morgan Stanley in the price of Safaricom?

    - How about a reverse stock split of Safaricom to weed out 2/3 of the unhappy 800,000 shareholders and get a manageable share register?

    End of day update - Turnover Kshs. 450.4 million ($6.92 m), Average 6.20 High 6.60 Low 5.95 Volume 72.5 million shares. Rich.co.ke commentary; A very weak session. The article in Business Daily, a large trade on the prompt board at 6.20 all pushed this market over. It was all so fortuitous and coincidental to be quite remarkable. The price is undervalued here by a wide margin.

  • SMS Solutions

    Posted: July 18, 2008, 3:14 pm by bankelele
    CDSC: The Central Depository System Corporation (CDSC) has now rolled out their SMS alert service to inform investors of trades within their accounts, and hopefully alert investors of unauthorized trades by rogue brokers

    Investors can check their CDSC (amazingly, they still have no website as yet) balances by registering through either (i) in person at 10th floor Nation Center or (ii) sending an SMS formatted “REG*CDS A/C No.*ID No.” to 2372 - to receive an alias and Pin No.

    Investors can then use the service to access (i) portfolio balance, (ii) view a mini statement (of last 5 trades) (iii) receive alerts of each trade [by sending an “alerts on” message to 2372] or (iv) change PIN. (each CDSC SMS costs 10 shillings - ~$0.15) [more from helpdesk@cdsckenya]

    NCWSC: The Nairobi City Water & Sewerage Company have followed in the footsteps of the KPLC to introduce an SMS facility where customers can check their water bills by phone SMS. Simply send a message with account number to the number 5571, and receipt of a balance message costs 15 shillings. While The company is not as aggressive in cutting off subscribers with arrears as KPLC, their bills through the regular mail are rare and infrequenet, and so SMS is a good way to know your balance and due date.

    For electricity bills from KPLC, queries cost 10 shillings by SMS, but are free by e-mail.

    Mobile XL: report on a value addition SMS and chat application.

    A couple of Banks offer SMS banking facilities, but the value addition is questionable given the cost [30/= per query]. Online banking for corporations seems a more viable option

    And finally, most dear to every investor now is the use of SMS to trace Safaricom IPO refunds and allocation:
    - For IPO allocation; message is “CDS.no#ID.no#A” to 4009
    - For refund cheque location; message is “CDS.no#ID.no#R” to 4009
    each SMS costs 15/=
    - if no message, chances are your (rogue) broker did not buy shares for you
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Blah blah blah

Fish cakes

Alas a fish cake.

Yet more fish cakes

Guess what ... yeah ... fish cakes.

The end of the fish cakes

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