Folks, there will be no other good oppportunity in the future like the one at hand. If you want to buy into Safaricom, don't. There is apretty simple reason for that. Go against the drain. During the IPO the scenario will look like the following; all those wishing to get rich quick willjump into the IPO, selling their other stocks and borrowing fronm banks etc. By doin this, according to the law of demand and supply, the other share prices will drastically fall.
HOpping there will be no book building, and share reservations in the IPO. this is the point at which the savvy enter the market, buying undervalued stocks, just like Warren BUffet, of blue chip companies or well managed ignored companies with future hopes. And Walla! when the wave comes arround, when the market correction comes and dudes have their refunds, you guessed right. I know you asking, what about me? I already have significant no of shares, well, thats simple, "simplicity makes the difference". Take a look at the company's prospects. If you like them and current prices are higher than the annual average, sell then wait for the prices to dip and buy again into the company.
Allow me to digress,
Najivunia inchi yangu, though iI cannot say how much. I'm a technology enthusiast and to say the least, am kinda frustrated. Almost every fortnight I read about Data Operators and ISPs expanding their capacities but the problem is that ever since, i haven't got a cybercafe' that has increased its speed. When downloadind something all you see is btw 4kbps and 10kbps, what do you call that/ because it's not a dail-up speed of 56kbps. How about GSMs EDGE service? Does it offer the said plus 200kbps? even though i cannot pay 12000 shillings they charge for a gigabyte download for prepaid customers.
When am at the border i rather surf from Uganda because they are better of than the biggest economy in East Africa.