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Safaricom share consolidation vs Tariff wars
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hisah
#51 Posted : Monday, October 04, 2010 2:28:10 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
Njung'e wrote:
Ndemo says KRA will lose Kshs 10B in taxes due to the on going price war.....Hmmmm!


If KRA could look at boosting efficiency and stopping corruption, they wouldn't be looking at this small 10B haircut. By the way, calling prices could also go lower if the same KRA was to lower the airtime excise duty from 10% to 5%. Frankly speaking I've never understood why it exists in the first place. Operators pay VAT and excise = 26% on any airtime revenue. That would automatically leave more money in the pockets to boost savings and consumer spending plus reduce the inflation index. Everyone wins except KRA ofcourse smile
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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mlennyma
#52 Posted : Monday, October 04, 2010 2:32:35 PM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
Am sure we have a point here and a law is needed to solve a problem.sample this...right now i have k-re 72,kcb 16,cfc 83,sasini 56 and kengen 8... i have tried to sell in vain
"Don't let the fear of losing be greater than the excitement of winning."
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guru267
#53 Posted : Monday, October 04, 2010 6:49:18 PM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
Much Know wrote:
Hiyo ndio maisha ya shares, it will not always be UP, Up, Up or we start crying consolidation, there is nothing to weep about here.

@much know do you remember when safcom announced 21billion PBT there was little or no reaction on the share price upwards....

The 10billion share float is disastrous because it makes supply fly in from all directions at any given time.... Now what happens if G.O.K decides to issue another 10billion shares to the public....

This is the only company that deserves a consolidation....
Mark 12:29
Deuteronomy 4:16
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mlennyma
#54 Posted : Monday, October 04, 2010 7:57:42 PM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
When safcom announced 21b profit,the share dropped to a low of 5.10 ...from 5.60-5.70 ...very stupid indeed.
"Don't let the fear of losing be greater than the excitement of winning."
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