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Safaricom results-what's your take?
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skatotsi
#21 Posted : Tuesday, November 11, 2008 4:40:00 PM
Rank: Member


Joined: 8/20/2008
Posts: 16
A make it or break it for Jammo.

I hope ur so damn right!!


Mors Tua,Vita Mea. (latin)
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jammo
#22 Posted : Tuesday, November 11, 2008 8:15:00 PM
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Joined: 2/12/2008
Posts: 345
Safcom is not a leavin bus..nor a boltin horse..nor even flying chicken...this is a dun semi arid plot in pokot west!..good for an occasional oasis for marauding speculators comin to rest n plot for another raid!

' I have heard of You,o Lord. Now mine eyes have seen thee!! Baal-Perazim.. The Lord of the Breakthrough!!'
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$Billz
#23 Posted : Wednesday, November 12, 2008 6:17:00 AM
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Joined: 5/22/2008
Posts: 12
Profits down after tax

Make the money
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PONDI
#24 Posted : Wednesday, November 12, 2008 6:20:00 AM
Rank: Veteran


Joined: 5/8/2007
Posts: 885
lol kumbe they still in the game...

http://safaricom.co.ke/f...ials/Press%20Release.pdf
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Mpenzi
#25 Posted : Wednesday, November 12, 2008 6:27:00 AM
Rank: Veteran


Joined: 10/17/2008
Posts: 1,234
http://in.reuters.com/ar...ews/idINLB4422020081112

NAIROBI,Nov 12 (Reuters) - Kenya's Safaricom SCOM.NR,said on Wednesday pretax profit rose 2.2 percent to 8.976 billion shillings ($117.5 million) in its first half ended September 2008,from 8.781 billion in the same period last year.


East Africa's leading mobile phone service provider and the region's biggest company by market capitalisation,attributed the increase in profit,which excludes one-off items,to expansion. Users rose by 50.3 percent to 11.96 million in the period from 7.96 million a year earlier.


(Reporting by Duncan Miriri; editing by Helen Nyambura)




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McReggae
#26 Posted : Wednesday, November 12, 2008 6:30:00 AM
Rank: Elder


Joined: 6/17/2008
Posts: 23,365
Location: Nairobi
I thought it would be more than 2.2% but as you all can see safcom is still in the game.......vuka was just a one hit wonder!!!!

Make money.....then you will enjoy all the fine things in life!!!
..."Wewe ni mtu mdogo sana....na mwenye amekuandika pia ni mtu mdogo sana!".
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Mainat
#27 Posted : Wednesday, November 12, 2008 6:30:00 AM
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Joined: 11/21/2006
Posts: 1,590
Not good. It got a tax benefit...

www.mjengakenya.blogspot.com
Sehemu ndio nyumba
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KulaRaha
#28 Posted : Wednesday, November 12, 2008 6:30:00 AM
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Joined: 7/26/2007
Posts: 6,514
2.2% increase,lousy!!!!! Watch it drop!

Business opportunities are like buses,there's always another one coming
Business opportunities are like buses,there's always another one coming
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jammo
#29 Posted : Wednesday, November 12, 2008 6:33:00 AM
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Joined: 2/12/2008
Posts: 345
Forward profit for the year is sh17.8billion.... Am totally going 'mteja' at this point. No comment! 10% rule is waived as information is public and material enough to influence investor decision..plus came befor tradin session begun.

' I have heard of You,o Lord. Now mine eyes have seen thee!! Baal-Perazim.. The Lord of the Breakthrough!!'
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KulaRaha
#30 Posted : Wednesday, November 12, 2008 6:37:00 AM
Rank: Elder


Joined: 7/26/2007
Posts: 6,514
mcreggea: vuka has killed Safcom: 50% increase in subscribers and only 2.2% increase in profits,I think you have it wrong!

Business opportunities are like buses,there's always another one coming
Business opportunities are like buses,there's always another one coming
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McReggae
#31 Posted : Wednesday, November 12, 2008 6:44:00 AM
Rank: Elder


Joined: 6/17/2008
Posts: 23,365
Location: Nairobi
Am I surprised???.....NO!!!!

Make money.....then you will enjoy all the fine things in life!!!
..."Wewe ni mtu mdogo sana....na mwenye amekuandika pia ni mtu mdogo sana!".
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jammo
#32 Posted : Wednesday, November 12, 2008 6:50:00 AM
Rank: Member


Joined: 2/12/2008
Posts: 345
But still... They'v peaked don't u think? 50% increase in subscribers who brought totally no benefit? Otherwise..payin sh4 for it is fogothari. Do not recommend as buy...especially befor year ends.

' I have heard of You,o Lord. Now mine eyes have seen thee!! Baal-Perazim.. The Lord of the Breakthrough!!'
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Njunge
#33 Posted : Wednesday, November 12, 2008 6:58:00 AM
Rank: Elder


Joined: 2/7/2007
Posts: 11,935
Location: Nairobi
I won't read the statement yet coz i know it is likely to end up with something like.......recommended final devidend pay out......a tenth of Ndururu......arhg...!!
Nothing great was ever achieved without enthusiasm.
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McReggae
#34 Posted : Wednesday, November 12, 2008 6:59:00 AM
Rank: Elder


Joined: 6/17/2008
Posts: 23,365
Location: Nairobi
@kularaha,with the calling rates down you expect amount spent by an individual on calling to go down and the have explained as such,read the link below

http://safaricom.co.ke/f...als/Press%20Release.pdf



All those zain call that used to come to me when they launched vuka are no longer coming.....wonder what has changed!!!


Make money.....then you will enjoy all the fine things in life!!!
..."Wewe ni mtu mdogo sana....na mwenye amekuandika pia ni mtu mdogo sana!".
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KulaRaha
#35 Posted : Wednesday, November 12, 2008 7:02:00 AM
Rank: Elder


Joined: 7/26/2007
Posts: 6,514
I think Safcom's woes have just started,interconnectivity agreement coming up soon for review ( currently at 4.something bob,that will drop hard).

Further,number migration will be supported by 3 of 4 operators ( ie you can move to zain with your 0722 prefix intact,like India).

I hear Econet's opening shot will be 4k a month,unlimited calls across all networks,postpaid/prepaid,you choose.

We were sold Safcom at its height my friend,its good to accept the truth!


Business opportunities are like buses,there's always another one coming
Business opportunities are like buses,there's always another one coming
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novestor
#36 Posted : Wednesday, November 12, 2008 7:11:00 AM
Rank: Member


Joined: 9/4/2008
Posts: 48
Now that the dividend is 2billion(5cents) should we expect another 5 cents come march or more,i think that's the issue emerging for the dumpers,they can't believe 5cents!!!,let's wait and see

Learn something new everyday
Learn Something New Every Day!
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platinum
#37 Posted : Wednesday, November 12, 2008 7:16:00 AM
Rank: Member


Joined: 8/4/2008
Posts: 2
With news of the impending announcement the share goes ahead and drops this morning from 4.30 to 4bob. What's going on? Why not rise? I'ld imagine shareholders would first want to kula the dividends,whatever the amount, before selling.
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jammo
#38 Posted : Wednesday, November 12, 2008 7:18:00 AM
Rank: Member


Joined: 2/12/2008
Posts: 345
Today feels like a good day! What? Its not everyday u r right u kno! Guess what it means for all counters releasin results?..the shareholder of today is one mean shrewd n ruthless person! Word is on the wall loud and clear to all ceos n mds. Adan mohamed won't be so lucky.

' I have heard of You,o Lord. Now mine eyes have seen thee!! Baal-Perazim.. The Lord of the Breakthrough!!'
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kingfisher
#39 Posted : Wednesday, November 12, 2008 7:19:00 AM
Rank: Elder


Joined: 4/9/2008
Posts: 2,824
@njung'e.....usisome.....page 8 says 'The Directors do not approve the payment of an interim dividend'

hii ni kamengu (go-cart) trying to conquer NITHI uphill!!!! haiwezi kamwe.....bure kabisa

If you have money that you expect to start using in five years,it does not belong in stocks.
When I have money, I get rid of it quickly, lest it find a way into my heart.
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VituVingiSana
#40 Posted : Wednesday, November 12, 2008 7:43:00 AM
Rank: Chief


Joined: 1/3/2007
Posts: 18,095
Location: Nairobi
Puhleeze...

1) Vuka was introduced juzi juzi... so the effect of vukaing has not hit safcon in 1H. it will hurt them in 2H.

2) Safcon was forced to match Orange & Zain (reduced rates) in 2H. Yes,there will be an increase in minutes called BUT lower revenue.

3) Safcon will benefit from data usage as subscribers grow.

4) M-Pesa is a con. It is owned by Vodafone (UK) and safcon gets a pittance.

5) Reduction of 10/- to 4/- for post-paid will hurt a lot as these are heavy users.

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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