Jan 20, 2023 12:01:54
Is Peter Ndegwa Struggling At Safaricom?
At the announcement of their entry into the Ethiopian Market, Safaricom shares ended trading at KSh.41.80 on the day, a historical number that saw a price-to-earnings ratio of 24. Analysts at the time indicated that the stock was currently trading “above fair value heavily driven by sentiment rather than fundamentals. Two years later this analysis has lived up to its prediction.