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Safaricom and investors
VituVingiSana
#11 Posted : Thursday, July 02, 2009 8:42:00 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,342
Location: Nairobi
Uchumi was smart. I am talking of the Mhindi jamaa before that thieving kirubi came on board. The calendars were pure ADVERTISING... The idea was to make sure you remembered Uchumi for your shopping.
*** Safaricom needs to provide ONLINE information. For the shareholders how about free online access to download & view the investor information?
**** No free food for 30,000 shareholders.

Greedy when others are fearful,Very fearful when others are greedy - to paraphrase WB
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
mwanahisa
#12 Posted : Thursday, July 02, 2009 9:14:00 AM
Rank: Elder

Joined: 6/2/2008
Posts: 1,438
Mukiha - absolutely brilliant reasoning. I might just add a lot of the shareholders who go for the AGM's expecting freebies are hardly interested in what is happening at their companies. Furthermore they get irritated when 'serious' shareholders 'waste' their time by keeping on asking questions and delaying their lunch. 'Smart' boards and Mgt ensure that they give a lot of freebies to keep such nosy shareholders from asking too many tough questions,as other shareholders start expressing their impatience. As for Scom,the market seems to be cheering their latest move. I do not usually speculate. But this time around I seem to have gotten in at just the right time. Kshs 3.05 on the prompt board for a substantial block last week. I will be cashing my cheque ny next week while the naysayers are still baying for MJ's blood.

Opportunity calls but few respond.
Kirethi
#13 Posted : Thursday, July 02, 2009 7:10:00 PM
Rank: Member

Joined: 10/6/2008
Posts: 21
The ten cents dividend is surely a big joke Michael Joseph and his team need to pull up their socks

Watu wachangamuke
mukiha
#14 Posted : Friday, July 03, 2009 4:42:00 AM
Rank: Elder

Joined: 6/27/2008
Posts: 4,114
@kirethi;

In your opinion,how much should SCOM have paid and why?

Surely,with and EPS of 26cents,paying 10cents is very good indeed!! Don't forget that this is 40% of the profit!

Behind the gardens...Behind the wall...Under the tree (Including: Red...Dark Blue...Yellow)
Nothing is real unless it can be named; nothing has value unless it can be sold; money is worthless unless you spend it.
Bambam
#15 Posted : Friday, July 03, 2009 11:00:00 AM
Rank: Member

Joined: 6/30/2009
Posts: 24
@ Mukiha,

All your contributions on this matter couldn't get any more salient.

I have always wondered why many companies do this merchandise splashing during AGMs. On top of being a ploy to stem disturbing questioning,I think it also presents an opportunity for some staff or mgt to either do business with the companies or get kickbacks e.g from the printing of T-shirts,umbrella's e.t.c.

It's foolhardy to fathom a company spending Kshs 1,000 to pamper me when the total dividend check is only slightly more than that. More like bonga points or Nakumat smartcard points.


What a bam bam?
Waria
#16 Posted : Friday, July 03, 2009 3:55:00 PM
Rank: Member

Joined: 10/11/2007
Posts: 213
@ muks VVS etc

You talk as if the 'big saving' by insulting and scrimping on shareholders will translate into more dividend for you. Shock Shock its still 10 cents

Thats why 800k shareholders need the 'freebies' to compensate for the dismal dividends and T shirt ya kufuta machozi

Surely the PR juggernaut could have found a better way to put its case across.


Me first,U next
VituVingiSana
#17 Posted : Friday, July 03, 2009 8:44:00 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,342
Location: Nairobi
Ultimately,the little savings from the freebies will add to my safaricom share price. Even if it is 1 cent.

Greedy when others are fearful,Very fearful when others are greedy - to paraphrase WB
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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