As the Safaricom fever continues, please be careful with the exchange rate. Some of us will lose money due to the exchange rate as the shilling strengthens against the dollar. The dollar might hit KES 50 before the end of the IPO as foreign investors jump in, and then go back to KES 70 after the IPO. Difference = 20 bobs, safaricom shares = 5 bob each????do the maths mr. smartie...
Warren Buffet rule #1, don't lose money, rule #2, don't forget rule #1.
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