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Safaricom FY 2012 results announcement
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muganda
#11 Posted : Thursday, May 10, 2012 8:17:37 AM
Rank: Elder

Joined: 9/15/2006
Posts: 3,907
@hisah, well said. I think USD/KES contributed a bit, and perhaps the love at Christmas time which historically should be highest voice/MPESA month. Also nothing like a good shock half-year to get the company spending less - flat line in costs for second half.

So what say ye as to fair value?

hisah wrote:
Session over. Just a few questions. I guess the H2 results are too shocking to digest. 114.9% reversal on net income is no small feat with the current liquidity squeeze courtesy of CBK CBR moves. I'm also trying to digest the same.

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muganda
#12 Posted : Thursday, May 10, 2012 8:20:34 AM
Rank: Elder

Joined: 9/15/2006
Posts: 3,907
The turnaround story:

http://www.safaricom.co.ke/file...Results_Presentation.pdf

and only fair to say the elephant has rightly reclaimed its mantle as most profitable company in Kenya.
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  | | Edit by user: Thursday, May 10, 2012 8:25 AM | Reason: Not specified
hisah
#13 Posted : Thursday, May 10, 2012 8:21:18 AM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
muganda wrote:
@hisah, well said. I think USD/KES contributed just a bit and perhaps the love at Christmas time which historically should be highest voice month. So what say ye as to fair value?

hisah wrote:
Session over. Just a few questions. I guess the H2 results are too shocking to digest. 114.9% reversal on net income is no small feat with the current liquidity squeeze courtesy of CBK CBR moves. I'm also trying to digest the same.


Will have to go through the full report to see the green shots before coming up with projected estimates.

However if this elephant could rebound this big with tight liquidity and a vicious price war, one can only imagine how it would play out if those two factors are removed! I have underestimated their data revenues contribution, but now I think it is moving up. But I still wonder how they were able to keep the costs flat in H2... Still scratching me head... d'oh!

This results have smashed my dovish expectations. No wonder my 2.50 call was not obeyed and instead it went up to 3.50...
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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hisah
#14 Posted : Thursday, May 10, 2012 8:44:30 AM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
So if mpesa bank is making so much with all the price wars and liquidity squeeze scenario, what will CCK now throw into the works? So where does that leave the competition? Incompetent regulator...! The lesser the interference the happier everyone will be. This will ensure that the weak competition strives to up their game rather than rely on lazy strategies.

Hii mtihani CCK wameanguka beyond being awarded a grade... They just need to repeat the whole bi-semester.


$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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McReggae
#15 Posted : Thursday, May 10, 2012 8:46:49 AM
Rank: Elder

Joined: 6/17/2008
Posts: 23,365
Location: Nairobi
5m data users and only 1% on unlimited, it was a wise business decision to scrap it!!!!
..."Wewe ni mtu mdogo sana....na mwenye amekuandika pia ni mtu mdogo sana!".
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tuvok
#16 Posted : Thursday, May 10, 2012 8:48:49 AM
Rank: Member

Joined: 5/2/2007
Posts: 536
Waiting to see how the market responds at 9am. Clearly the elephant in the room won't be ignored (pun intended).
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Jamani
#17 Posted : Thursday, May 10, 2012 8:55:04 AM
Rank: Elder

Joined: 9/12/2006
Posts: 1,554
hisah wrote:
So if mpesa bank is making so much with all the price wars and liquidity squeeze scenario, what will CCK now throw into the works? So where does that leave the competition? Incompetent regulator...! The lesser the interference the happier everyone will be. This will ensure that the weak competition strives to up their game rather than rely on lazy strategies.

Hii mtihani CCK wameanguka beyond being awarded a grade... They just need to repeat the whole bi-semester.



and as safcom puts it include a module with a case study of TZ UG interconnect... CCK sorry Wangusi should stop pampering these Mahabaratis
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hisah
#18 Posted : Thursday, May 10, 2012 9:26:21 AM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
Was waiting for the foreign headlines to see how they want to play the market...

Kenyan Safaricom's FY revenue grows 13% - http://af.reuters.com/ar...s/idAFJOE84900420120510

So we are bidding the market...
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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QW25091985
#19 Posted : Thursday, May 10, 2012 9:39:29 AM
Rank: User

Joined: 1/24/2012
Posts: 1,675
Location: In Da Hood
QW25091985 wrote:
what . so soon . i have bought a bucket load of this thingy. so bob con me more better have done his homeworks and presents good results otherwise i'll beat him up untill he grows rasta on this head bob Marley would die for ! Laughing out loudly Laughing out loudly



and the thingy is off the stables .HUGE DEMAND !!!!!!!!!!!!!!!!! WOOOOOOHOOOOOOOOOOOOOOOOOOOOOOOOOOO
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  | | Edit by moderator: Thursday, May 10, 2012 10:49 AM | Reason: text shortened
hisah
#20 Posted : Thursday, May 10, 2012 9:49:50 AM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
QW25091985 wrote:
QW25091985 wrote:
what . so soon . i have bought a bucket load of this thingy. so bob con me more better have done his homeworks and presents good results otherwise i'll beat him up untill he grows rasta on this head bob Marley would die for ! Laughing out loudly Laughing out loudly



and the thingy is off the stables .HUGE DEMAND !!!!!!!!!!!!!!!!! WOOOOOOHOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO

SCOM Buyers for 8,791,400 at 3.35 Total Sellers 144,100 Live Feed #Nairobi Securities Exchange http://www.rich.co.ke/rcdata/company.php?i=NTU%3D

Conclusions

Strong H2. EPS H2 0.22 versus 0.10 H1 +120%
M-Pesa remains the Jewel and the Menu Reprice happened at the end of the Reporting Period.
The Dividend increase is a Muscular Move.
They Have beaten the Street estimates.

Says @alykhansatchu...
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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  | | Edit by moderator: Thursday, May 10, 2012 10:50 AM | Reason: text shortened
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