Wazua
»
Investor
»
Stocks
»
SCOM Investor's Briefing
Rank: Elder Joined: 9/15/2006 Posts: 3,907
|
@owenkyima plausible argument. What with 78b turnover, 23b invested in the year and cash of only 4b at end of period 2009.
I've always considered Safaricom to be one of the businesses requiring dexterity in use of debt - done well so far.
|
|
|
Rank: Chief Joined: 1/3/2007 Posts: 18,347 Location: Nairobi
|
Safaricom went on a major expansion scheme thus the need for cash. The bond might have been used to fund dividend payout but Safaricom's investing in 3G will pay off huge in 2010. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
|
|
|
Wazua
»
Investor
»
Stocks
»
SCOM Investor's Briefing
Forum Jump
You cannot post new topics in this forum.
You cannot reply to topics in this forum.
You cannot delete your posts in this forum.
You cannot edit your posts in this forum.
You cannot create polls in this forum.
You cannot vote in polls in this forum.