African Stock Exchanges

SCOM - Safaricom Plc

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SCOM share price on Nairobi Securities ExchangeSCOM share price on Nairobi Securities Exchange

Safaricom Plc is a Kenyan telecommunications company engaged in the provision of SMS, voice, data, Internet, and M-PESA services. The company also offers a range of devices, such as mobile handsets, mobile broadband modems, routers, tablets, notebooks and laptop computers. With a range of pricing plans on prepaid and postpaid options, Safaricom offers a variety of messaging services bundled with SMS and/or data services, which includes video messaging and SMS-based promotions. The company offers high-speed data connectivity for access to email, Internet, and corporate connectivity through fixed and mobile broadband. Safaricom distributes its products and services through a dealership network of approximately 2,700 outlets.

Safaricom Plc is listed on the Nairobi Securities Exchange (NSE) since June 9th, 2008. Safaricom is traded on the NSE under the ticker symbol “SCOM”. The International Securities Identification Number (ISIN) of NSE:SCOM is KE1000001402. Safaricom Plc is currently the #1 most valuable stock on the NSE with a market capitalization of KES 757 billion, which is about 43.7% of the entire Nairobi Securities Exchange equity market.

SCOM18.90 ▾ 0.10 (0.53%)
Yesterday
Last Trading Results
Opening Price
Day’s Low Price18.50
Day’s High Price19.40
Traded Volume29.1M
Number of Deals367
Gross Turnover550M
Growth & Valuation
Earnings Per Share
Price/Earning Ratio
Dividend Per Share
Dividend Yield
Shares Outstanding40.1B
Market Capitalization757B
Monetary values are quoted in Kenyan Shilling (KES) unless otherwise stated

SCOM Stock Market Performance

1WK4WK3MO
+15.6%-19.1%-23.2%
6MO1YRYTD
-31.3%-45.9%-21.7%

The current share price of Safaricom Plc (SCOM) is KES 18.90. SCOM closed its last trading day (Friday, March 24, 2023) at 18.90 KES per share on the Nairobi Securities Exchange (NSE), recording a 0.5% drop from its previous closing price of 19.00 KES. Safaricom began the year with a share price of 24.15 KES but has since lost 21.7% off that price valuation, ranking it 57th on the NSE in terms of year-to-date performance. Shareholders’ worries are compounded by the fact that SCOM has lost 19% of the stock’s value from February 24th to date.

Safaricom is the #1 most traded stock on the Nairobi Securities Exchange over the past three months (Dec 23, 2022 - Mar 24, 2023). SCOM has traded a total volume of 614 million shares valued at KES 12.6 billion over the period, with an average of 9.75 million traded shares per session. A volume high of 108 million was achieved on January 19th, and a low of 153,100 on December 28th, for the same period. The table below details the last 10 trading days of activity of Safaricom on the Nairobi Securities Exchange.

DateVolumeCloseChangeChange%
2023-03-2429,109,40018.90-0.10-0.53%
2023-03-238,703,80019.00-0.10-0.52%
2023-03-225,680,90019.10+0.15+0.79%
2023-03-2137,107,40018.95+1.00+5.57%
2023-03-2015,620,60017.95+1.60+9.79%
2023-03-1778,127,90016.35-0.65-3.82%
2023-03-1639,533,70017.00-1.00-5.56%
2023-03-1516,825,50018.00-1.10-5.76%
2023-03-143,589,70019.10-0.50-2.55%
2023-03-133,227,20019.60

Profile of Safaricom Plc

Safaricom Plc was founded on October 23, 2000 and operates in the Telecommunications sector, specifically, the Mobile Telecommunications industry. Safaricom contracts an estimated total number of 5,500 employees.

Factsheet of Safaricom Plc

Sector
Telecommunications
Industry
Mobile Telecommunications
Address
Safaricom House, Waiyaki Way, Westlands, P.O. Box 66827, 00800, Nairobi, Kenya
Telephone
+254-204-274-524, +254-722-003-272

Index of African Stock Exchanges:

  1. Botswana Stock Exchange
  2. BRVM Stock Exchange
  3. Ghana Stock Exchange
  4. Johannesburg Stock Exchange
  5. Lusaka Securities Exchange
  6. Malawi Stock Exchange
  7. Nairobi Securities Exchange
  8. Nigerian Stock Exchange
  9. Uganda Securities Exchange
  10. Zimbabwe Stock Exchange

Comments

  1. WanjaWanja
    Mar 18, 2023 12:39 GMT

    Is it advisable to buy the saf shares at this low rate with as investment/trading strategy

    1. Dedan HiuhuDedan Hiuhu
      Mar 24, 2023 07:24 GMT

      Well, we can see that the pattern is quite predictable. Each year after an election in Kenya we see Safaricom share price going in a downward spiral, this is simply because there is so much political influence in their line of business. Back in 2017, Raila issued the same appeal for his dedicated supporters to boycott Safaricom products, and from previous observation this had little and no significantly impactful effect on SAF share performance. Basically I can say political influence only has a short term negative impact on SAFCOM share performance and in due time the prices will go up again when we attain some political stability, I predict the share price will be @ KS 34 by December this year. This is from my observation on previous cases.

      Investment is all about taking risks, we normally say that the higher the risk the higher the ROI. The most important thing is to assess the risk and your finances to see what risks are worth taking. Investment planning is fundamental in successful investment, you got to be strategic in everything.

  2. KAMKAM
    Mar 15, 2023 08:48 GMT

    Scom has been the worst share for me. Came in @ 27 now have lost over hundred thousand.
    I don't know how farther down it will go but it's pure heartache watching one's hard earned money getting depleted.
    I will the Directors can do something, anything to salvage the situation.

    1. Dedan HiuhuDedan Hiuhu
      Mar 17, 2023 11:40 GMT

      Hello, I understand your pain, I have received so many calls from different people seeking consultation on the same.

      Well, the first thing that you need to understand that buying shares in a company simply means you're investing your money in their business, with expectations that you will share in their profits based on their business performance and success. This means that you also share in their loses, basically this is the risk you took when deciding to invest.

      From my analysis, I do not aspect Safaricom company to go down/close. What we are experiencing now is what we call a market recession/decline in economic activity for Safaricom. This is inevitable for any business or economy, there will always be ups and downs, but good times are always for those who are patient enough.

      Your market perseverance should go hand in hand with your knowledge on financial and investment planning, that's why it is fundamental to seek consultation from a financial adviser or an investment consultant to help you in planning your investment portfolio and make better informed decisions, this saves you lots of money, time and heartaches in the long run. Unfortunately, most of us do not find this fundamental since they don't to spend money on consultation, they end up losing money invested in the long run or making poor investment and financial decisions.

      There are a few factors that are causing the down trend on Safaricom shares: (a) Recently more international telecommunication companies have expressed their interest in entering Kenyan market, this poses a challenge in market sharing as investors expect SAF market share to reduce. (b) Political influence- the current regime seems hell bent in reducing the monopoly that SAF has been enjoying (c) Change in company leadership-it will take time before the new management gains sets ground and gains trust from key shareholders (d) Confusion on how Safaricom will operate separately from Mpesa.

      All these factors lead to Punic sales of Safaricom shares, thus flooding the market with shares quoted for sale. This is basically the law of demand &Supply, when the supply is higher then the demand, prices go down.

      This my final advice, it will take time for any company to enter the market and establish such strong and advanced infrastructure as Safaricom has. This means Safaricom will still enjoy market dominance, with time it will be up and running .
      Political influence does not affect things for a long time, once they get what they want from the Company they will be done and SAF will be back stronger and better. My speculation is that some big people somewhere wanted the prices to go down so that they can buy them at favorable prices.

      The split of Mpesa from Safaricom won't affect Safaricom negatively as many people are speculating since Safaricom will still have ownership of Mpesa shareholding, in fact, we expect them to perform even better.

      Safaricom business is very diverse and they have so many products, they have create what we call a 'Blue Ocean business'. It is almost impossible to take them out of the market.

      I would advice to hold on to your shares, do not panic sell now, hang in there, it is worth the risk. I'm 98% confident with these.

      Kind Regards
      Dedan Maina
      Business development & Investment Consultant.
      0798264178

  3. peter mwangipeter mwangi
    Feb 26, 2023 02:31 GMT

    I have a question ,let's assume I ha ve invested 100000 in safaricom shares at price 23...then the price moves upto 25..how much are my shares worth at this new price please...my math is not mathing

    1. MercyMercy
      Mar 13, 2023 09:53 GMT

      Well, basically you'll have not gained much because after you're deducted the charges for:
      BROKERAGE COMMISSION, CDS TRANSACTION LEVY, NSE TRANSACTION LEVY, STAMP DUTY CHARGES, CAPITAL GAINS, Etc, then your profits will be gobbled up by these charges. So you'd need to wait for it to reach to gain a lot more than 2 points per share.

  4. ReaganReagan
    Feb 8, 2023 17:46 GMT

    Informative indeed

  5. LucyLucy
    Jan 30, 2023 05:42 GMT

    Have seen from your wall I must pay 3k monthly is this money for buying more shares or is for what purpose. 2.Can i buy 250 shares monthly?

    1. Dedan HiuhuDedan Hiuhu
      Mar 14, 2023 08:17 GMT

      Kindly note some brokers charge fees for CDSC account maintenance while others don't.

      It is always good to understand your broker's terms, sometimes consulting a professional might save you money and time in the process.

  6. Mohamed Isack EdinMohamed Isack Edin
    Jan 29, 2023 02:41 GMT

    What are the requirements to buy shares

    1. Dedan HiuhuDedan Hiuhu
      Mar 17, 2023 10:54 GMT

      First you need to understand and no more on the company that you want to invest/ buy shares from i.e. the type of business they do, current trends news or events, their financial performance patterns and how political and economic factors affect their overall business performance.

      Buying shares in a company basically means you are investing your money with the, with expectations that you will earn monetary value from it.

      Secondly, you will need to open a CDSC Account if you do not have one. CDSC account is the wallet where shares bought are deposited.

      You will also need a broker to buy shares for you since individuals are not allowed to buy shares from the NSE. It is fundamental that you find a brokerage firm or investment banker who has a good reputation, and also understand their terms of business. Make sure they elucidate/shed light on all costs involved and other business issues.

      Last but not the least. Actually this is the most important part, it is fundamental that you seek advice from an investment or financial consultant to help you make more informed investments and plan/manage your investment portfolio, this will save you money, disappointments and time in the long run.

      Thanks for reading through.
      Kind Regards
      Dedan Maina
      Business development & Investment Consultant.
      Contacts @ 0798264178/ 0100764630
      Alternatively email me through mzazipacesetters@gmail.com

  7. Eunice NdiranguEunice Ndirangu
    Jan 20, 2023 11:23 GMT

    I want to sell my safaricom shares .I have tried to sell them but all in vain plz help

    1. Dedan HiuhuDedan Hiuhu
      Mar 14, 2023 08:04 GMT

      Hello My name is Dedan Maina, Business development and Investment Consultant.

      I understand your pain, Sometimes things don't go as smooth as we expect that is why it is fundamental to have a consultant on your speed dial to help in planning your investment portfolio.

      There are some factors which could be causing the problem you are experiencing
      1. Due to the continued decline in the Safaricom share price, there might be increased panic sales by investors who feel their investment is at risk, this causes high supply of quoted shares and low demand on buyer requests. As understand the basic law of demand, if the supply is higher than the demand, the prices are low. This is generally what is happening in simple terms. When supply is low, selling also becomes high, but this depends on your stock broker.

      2. Your broker, it is always advisable to get a broker who is dedicated to you 24/7. This might cost you but it is a good strategy in the long run.

      If you wish to get a way around this, Kindly contact me @ 0798264178.

      Consultation fees are @ 500

  8. Sharon WaitheraSharon Waithera
    Jan 11, 2023 09:20 GMT

    How can l buy shares

    1. Dedan HiuhuDedan Hiuhu
      Mar 17, 2023 10:55 GMT

      First you need to understand and no more on the company that you want to invest/ buy shares from i.e. the type of business they do, current trends news or events, their financial performance patterns and how political and economic factors affect their overall business performance.

      Buying shares in a company basically means you are investing your money with the, with expectations that you will earn monetary value from it.

      Secondly, you will need to open a CDSC Account if you do not have one. CDSC account is the wallet where shares bought are deposited.

      You will also need a broker to buy shares for you since individuals are not allowed to buy shares from the NSE. It is fundamental that you find a brokerage firm or investment banker who has a good reputation, and also understand their terms of business. Make sure they elucidate/shed light on all costs involved and other business issues.

      Last but not the least. Actually this is the most important part, it is fundamental that you seek advice from an investment or financial consultant to help you make more informed investments and plan/manage your investment portfolio, this will save you money, disappointments and time in the long run.

      Thanks for reading through.
      Kind Regards
      Dedan Maina
      Business development & Investment Consultant.
      Contacts @ 0798264178/ 0100764630
      Alternatively email me through mzazipacesetters@gmail.com

  9. Moses ThaiyaMoses Thaiya
    Dec 6, 2022 21:21 GMT

    What effects will reintroduction of mobile money to bank have on safaricom shares?

    1. Dedan HiuhuDedan Hiuhu
      Mar 17, 2023 11:42 GMT

      Hello, I understand your pain, I have received so many calls from different people seeking consultation on the same.

      Well, the first thing that you need to understand that buying shares in a company simply means you're investing your money in their business, with expectations that you will share in their profits based on their business performance and success. This means that you also share in their loses, basically this is the risk you took when deciding to invest.

      From my analysis, I do not aspect Safaricom company to go down/close. What we are experiencing now is what we call a market recession/decline in economic activity for Safaricom. This is inevitable for any business or economy, there will always be ups and downs, but good times are always for those who are patient enough.

      Your market perseverance should go hand in hand with your knowledge on financial and investment planning, that's why it is fundamental to seek consultation from a financial adviser or an investment consultant to help you in planning your investment portfolio and make better informed decisions, this saves you lots of money, time and heartaches in the long run. Unfortunately, most of us do not find this fundamental since they don't to spend money on consultation, they end up losing money invested in the long run or making poor investment and financial decisions.

      There are a few factors that are causing the down trend on Safaricom shares: (a) Recently more international telecommunication companies have expressed their interest in entering Kenyan market, this poses a challenge in market sharing as investors expect SAF market share to reduce. (b) Political influence- the current regime seems hell bent in reducing the monopoly that SAF has been enjoying (c) Change in company leadership-it will take time before the new management gains sets ground and gains trust from key shareholders (d) Confusion on how Safaricom will operate separately from Mpesa.

      All these factors lead to Punic sales of Safaricom shares, thus flooding the market with shares quoted for sale. This is basically the law of demand &Supply, when the supply is higher then the demand, prices go down.

      This my final advice, it will take time for any company to enter the market and establish such strong and advanced infrastructure as Safaricom has. This means Safaricom will still enjoy market dominance, with time it will be up and running .
      Political influence does not affect things for a long time, once they get what they want from the Company they will be done and SAF will be back stronger and better. My speculation is that some big people somewhere wanted the prices to go down so that they can buy them at favorable prices.

      The split of Mpesa from Safaricom won't affect Safaricom negatively as many people are speculating since Safaricom will still have ownership of Mpesa shareholding, in fact, we expect them to perform even better.

      Safaricom business is very diverse and they have so many products, they have create what we call a 'Blue Ocean business'. It is almost impossible to take them out of the market.

      I would advice to hold on to your shares, do not panic sell now, hang in there, it is worth the risk. I'm 98% confident with these.

      Kind Regards
      Dedan Maina
      Business development & Investment Consultant.
      0798264178

  10. MARY MBAIRE NDICHUMARY MBAIRE NDICHU
    Dec 5, 2022 13:12 GMT

    The price is very low

    1. Dedan HiuhuDedan Hiuhu
      Mar 17, 2023 11:43 GMT

      Hello, I understand your pain, I have received so many calls from different people seeking consultation on the same.

      Well, the first thing that you need to understand that buying shares in a company simply means you're investing your money in their business, with expectations that you will share in their profits based on their business performance and success. This means that you also share in their loses, basically this is the risk you took when deciding to invest.

      From my analysis, I do not aspect Safaricom company to go down/close. What we are experiencing now is what we call a market recession/decline in economic activity for Safaricom. This is inevitable for any business or economy, there will always be ups and downs, but good times are always for those who are patient enough.

      Your market perseverance should go hand in hand with your knowledge on financial and investment planning, that's why it is fundamental to seek consultation from a financial adviser or an investment consultant to help you in planning your investment portfolio and make better informed decisions, this saves you lots of money, time and heartaches in the long run. Unfortunately, most of us do not find this fundamental since they don't to spend money on consultation, they end up losing money invested in the long run or making poor investment and financial decisions.

      There are a few factors that are causing the down trend on Safaricom shares: (a) Recently more international telecommunication companies have expressed their interest in entering Kenyan market, this poses a challenge in market sharing as investors expect SAF market share to reduce. (b) Political influence- the current regime seems hell bent in reducing the monopoly that SAF has been enjoying (c) Change in company leadership-it will take time before the new management gains sets ground and gains trust from key shareholders (d) Confusion on how Safaricom will operate separately from Mpesa.

      All these factors lead to Punic sales of Safaricom shares, thus flooding the market with shares quoted for sale. This is basically the law of demand &Supply, when the supply is higher then the demand, prices go down.

      This my final advice, it will take time for any company to enter the market and establish such strong and advanced infrastructure as Safaricom has. This means Safaricom will still enjoy market dominance, with time it will be up and running .
      Political influence does not affect things for a long time, once they get what they want from the Company they will be done and SAF will be back stronger and better. My speculation is that some big people somewhere wanted the prices to go down so that they can buy them at favorable prices.

      The split of Mpesa from Safaricom won't affect Safaricom negatively as many people are speculating since Safaricom will still have ownership of Mpesa shareholding, in fact, we expect them to perform even better.

      Safaricom business is very diverse and they have so many products, they have create what we call a 'Blue Ocean business'. It is almost impossible to take them out of the market.

      I would advice to hold on to your shares, do not panic sell now, hang in there, it is worth the risk. I'm 98% confident with these.

      Kind Regards
      Dedan Maina
      Business development & Investment Consultant.
      0798264178

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