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Zain receives HALF A MILLION NEW SUBSCRIBERS in one week
Rank: Elder Joined: 6/2/2008 Posts: 1,438
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I support my pocket. So @ 2/= for my calls - Scom takes my money for now. Backups - Orange (for the free calls), Yu for the 50 Cts SMS and of course Zain for the entertainment they are affording us - in THAT order. I am open to change if a better offer comes along!
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Rank: Member Joined: 1/15/2010 Posts: 625
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VituVingiSana wrote:Long Live Zain/Airtel... Coz safCON would have never dropped charges if not for Zain... So I support Zain... I'm with you on this one. The BIG fat elephant in the room is that Safcom was prepared to keep charging Kenyans some of the highest mobile rates in the world to unfairly enrich their shareholders before Zain came in. Monopolies like SCOM are bad for economies coz they have no incentive to lower costs and stifle innovation. Now the billions saved by consumers can go into other sectors in the economy. There's bound to be a positive effect when like 50 billion goes to other sectors of the economy in stead of enriching Vodafon UK.
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Rank: Member Joined: 3/10/2008 Posts: 68
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@tito, i like the way u bring a fresh angle to this discussion. i have also felt guilty going back to safcon knowing very well the call rates in safcon currently (2bob) is only possible coz of what zain did. to be honest i had hoped safcon would maintain their shareholder value argument n probably reduce only to 4-5 bob, but MJ once again proved that he can see a threat and react. that said, we need to ask if selling a minute at 2-3bob makes biz sense. to me that is the key Q. tumezoea paying exorbitant prices mpaka we cant believe that any money can be made at the current rates. where are the finance guys to crunch a few numbers and bring some objectivity here??
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Rank: New-farer Joined: 6/29/2010 Posts: 56 Location: Nairobi
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@ken1979,
again how Kenyam is suffferingcon, y play the nationality loyalty card now. If you guyz were Kenyans or cared bout Kenyans at all, as market leaders you should have been the first to reduce your calling rates. How Kenyan is giving mama mboga from kadogo economy conditions to use 3/ min to talk. we all know very few Kenyans can afford to top up with kshs 100. why give your fellow kenyans such harsh conditions so that they enjoy cheaper calls. I am thinking of thAT mamaa in kibera,korokocho n i all slums. she only makes 1 dollar a day./ her budget is 5 shs worth of unga, 5 shs worth of kerosene 5 shs worth of mboga 5 shs worth of sugar. in short she buys what she needs. where do you think she will get enough cash to buy credit for 100 so that she enjoys cheaper calls.
2) you call zain reactionary. then why dint you guyz stick with your super ongea which according to what i had used to stick at 8 bob through out the whole day and only reduces to 80 cents in the wee hour of the nights.kwani you think guyz are nyt runners or something.
3) if yoou dint care at all about zainz action, y did you even take your time writing that long post, c you let zain do what they do.
4) i here nowadays scanadd guyz work overtime 4 you, tell me when did you decide to lower your voice calls or give the 50% bonus to top ups last week friday.
5) maybe zain realised they cant beat you so they decided to spoil the market 4 u. lose lose situation coz i know it really hurts, the thought that you can charge a normal kenya less than 3 bob per minute.
6) the amount i've saved so far through zain is more than the penny mbili you guyz yours shareholders.
so next time you come lecture as about zain, pliz do your homework...ohh and lastly. you say the recption of the promotion has been really good and encouraging. really! which Kenya do you live in.
very angry at sufferingcon pretending to care bout kenyans kenyan here. bure
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Rank: Elder Joined: 12/6/2008 Posts: 3,548
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@komera and other frruuustrated zain employees, the threat to your jobs is not safaricom but your CEO, don't cry safaricom is greedy whearas zain lost all its customer by ruthlessly overcharging them, a good CEO can change your fortunes, thats the problem there! YOU WILL NOT CHEAT PEOPLE by earning negative revenues to ensnare them then turn around and tell them 'bend over' A New Kenya
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Rank: Veteran Joined: 11/9/2009 Posts: 2,003
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Where these safcon and zain employees continue to fight, we continue to enjoy low rates. I see someone losing bonuses.... Dont get married to your employer.
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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KulaRaha wrote:hisah wrote:After all is said and done, if scom does post a 1H PBT above 10B, that should get long term investors interested. At full yr, a PBT of 18-19B (flat result) should be very bullish for the counter & very concerning to bharti after a massive price war. I'm keeping this in mind while looking for an entry (please get to 3/- or at least below 4/-) for a massive counter trend esp if full yr is a flat result. Half year numbers at 10B sounds right. Full year at 18B??? Fantasy my friend...fantasy...they wont even touch 16B. (I estimate 15.2B). Then in 2011.....6B for full year, max. That is if the diehards still prefer calling at higher rates than everyone else. Long term investors, anyone? It is that fantasy that I want to play for the counter rally. This is why I stated that an 18 - 19B PBT (flat result) should see buying interest in droves since it would point to an ineffective price war campaign. I'm mainly interested with the data revenues for 1H, which will confirm how much they stand to bleed in order to forecast for 2H. $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Elder Joined: 6/2/2008 Posts: 1,438
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Speaking for myself, I have no quarrel with Zain. Indeed, I congratulate them on their BOLD move. However, a better offer came along almost immediately after their announcement and I promply shifted to the BEST offer.
These for me are currently Safcon closely followed by Orange. Most of my calls are within the Safcom network and to landlines, so you can see where I am coming from.
As for the Safcom share, I am beginning to sense that I could make some short term play on it and come out on top. Watch this space!
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Rank: Elder Joined: 12/6/2008 Posts: 3,548
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@kularaha, i must correct you on zain lowering cost to a bob 'with nothing to loose'. Zain owes safaricom billions in interconnection fees which safcom has never bothered to aggressively pursue, and bills are now growing! Zain made this move on the basis 'no one takes interconnection fees seriously' A New Kenya
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Rank: Member Joined: 8/7/2010 Posts: 728 Location: Wazuaville
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Ok now who between these two is responsible for the "calls from hell"? "Money never sleeps"
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Rank: Member Joined: 10/16/2008 Posts: 47
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Rank: Elder Joined: 11/7/2007 Posts: 2,182
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mwanahisa wrote:I support my pocket. So @ 2/= for my calls - Scom takes my money for now. Backups - Orange (for the free calls), Yu for the 50 Cts SMS and of course Zain for the entertainment they are affording us - in THAT order. I am open to change if a better offer comes along! thats the spirit, i have four lines all operational, all the same number diff prefixes LOVE WHAT YOU DO, DO WHAT YOU LOVE.
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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Wow! Anyone attending this scom AGM? There is a James Chege guy who has put the directors on the floor Good going... $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Veteran Joined: 10/17/2008 Posts: 1,234
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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Expenditure - why costs increased 100%. The CFO has mumbled something about it, but not convincing. But the meeting is now turning politically heated with all kinds of irrelevant questions on food, drinks, dividend being exported to UK, why a 20cts dividend yet public transport is more than 20/- etc etc. Most shareholders cannot under why they got the financial results booklet so late considering the common man does not have speedy Internet connections. Some share holder had the balls of stating CCK has done all Kenyans proud for making calling costs come down This has all the spoils for a 'good' AGM. And the drama continues... $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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Ok enough of this. I think it's high time NSE embarks on a national wide investor education. The 20cts is causing a lot of grief to the common shareholders. They simply cannot see this as an 8B payment from the profits. Safcom either buys out this small investors or risks more volatility on the share prices. $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: New-farer Joined: 6/29/2010 Posts: 56 Location: Nairobi
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much know why speak like you know little or nothing at all. For the record am not a zain employee and if i were i'd be looking for somewhere else. with zains going concern, they cant be considered as a safe employer. also if i were a shareholder, i would have sold my part kitambo coz what they are doing doesnt make any business sense to me. BUT as a CUSTOMER, (been with zain since 2007) i am very comfortable with them. no ciongestion, 20 % bonus on my airtime everytime i top up through zap. club 20 unlimited texts per day. vuka tarriff, which i moved to with all people i mostly call. in short better cheap service. I bet i have saved more using zain than the penny mbili div unajisifu nayo hapa.
and now i can say you know much
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Rank: Elder Joined: 2/10/2007 Posts: 1,587
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hisah wrote:Ok enough of this. I think it's high time NSE embarks on a national wide investor education. The 20cts is causing a lot of grief to the common shareholders. They simply cannot see this as an 8B payment from the profits. Safcom either buys out this small investors or risks more volatility on the share prices. It is very difficult to buy the small shareholders. The only thing is to consolidate the shares, 1 for every 10.
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Rank: Veteran Joined: 5/18/2008 Posts: 796
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hisah wrote:Expenditure - why costs increased 100%. The CFO has mumbled something about it, but not convincing. But the meeting is now turning politically heated with all kinds of irrelevant questions on food, drinks, dividend being exported to UK, why a 20cts dividend yet public transport is more than 20/- etc etc. Most shareholders cannot under why they got the financial results booklet so late considering the common man does not have speedy Internet connections. Some share holder had the balls of stating CCK has done all Kenyans proud for making calling costs come down This has all the spoils for a 'good' AGM. And the drama continues... Aiih.. The CFO didn't mumble anything... Which costs was thing guy talking about... Like Les said expenditure rose from 22B to 27B thats a 22% rise while profit rose 44%.. In which page of the financial report did he get the 100% figure from??? I couldn't find it..
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Rank: Elder Joined: 10/23/2009 Posts: 2,375
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