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Safaricom: time to sell as Michael Joseph to retire at the end of 2010
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Wa_ithaka
#1 Posted : Thursday, March 18, 2010 2:41:19 PM
Rank: Veteran

Joined: 1/7/2010
Posts: 1,279
Location: nbi
Well, the sticky moment is here. MJ is Safaricom's biggest asset. See you at Ksh3.90.
Link to article.
The Governor of Nyeri - 2017
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  | | Edit by moderator: Thursday, March 18, 2010 3:25 PM | Reason: title optimised for search
guru267
#2 Posted : Thursday, March 18, 2010 2:50:57 PM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
Looks like the time has reached for me to bail out of half of my holdings...

i was just waiting for one more excuse...
Mark 12:29
Deuteronomy 4:16
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anasazi
#3 Posted : Thursday, March 18, 2010 3:02:29 PM
Rank: Veteran

Joined: 6/8/2007
Posts: 675
Kwisha. We should have sold when we had the chance. The slaughter will be too much to bear.
Form is temporary, class is permanent
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Magigi
#4 Posted : Thursday, March 18, 2010 3:07:51 PM
Rank: Elder

Joined: 3/31/2008
Posts: 7,081
Location: Kenya
...You all think like Moi. He thought Kenya will sink without him. MJ will go and Safaricom will be more firm than it is!
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Sarrouniya
#5 Posted : Thursday, March 18, 2010 3:17:39 PM
Rank: Member

Joined: 7/31/2008
Posts: 163
Location: Nirvana
My shareholding is with Ngenye Kariuki.. I want to trade. Nifanyeje?
|The Universe will correspond to the nature of your song ...
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Gatheuzi
#6 Posted : Thursday, March 18, 2010 3:40:30 PM
Rank: Veteran

Joined: 8/16/2009
Posts: 994
...You all think like Moi. He thought Kenya will sink without him. MJ will go and Safaricom will be more firm than it is!

@ Magigi. Kudos! At last somebody has spoken sense. It is obvious that MJ has been instrumental in the growth of Safaricom. However all the company needs is a workable succession plan. If you quit in each company once the CEO is out, you are behaving like a sole proprietor whose dream dies once he is out.
Time is money, so money is time. Money saved is time gained in reverse! Money stores your life’s energy. You expend your energy, get paid money, and store that money for a future purchase made in a currency.
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Intelligentsia
#7 Posted : Thursday, March 18, 2010 3:40:53 PM
Rank: Elder

Joined: 10/1/2009
Posts: 2,436
Magigi wrote:
...You all think like Moi. He thought Kenya will sink without him. MJ will go and Safaricom will be more firm than it is!


Early post MJ Safaricom jitters?
I guesss its the usual fear of us in the developing world whether an institution can survive the departure of the key personality behind it.
Safaricom has been synonymous with MJ.

Time to evaluate its corporate governance structures and see if key depts/processes/strategy were institutionalized during his tenure. My guess he was a good professional MD and the Co. will survive. The stock may initially fall (buy then).

Ehhhhh, what if Zain's new owners Bhartel pick him for the CEO JOB......!!
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gathinga
#8 Posted : Thursday, March 18, 2010 3:42:25 PM
Rank: Veteran

Joined: 11/30/2006
Posts: 635
OMG. Why did he choose to release the info to Reuters and not local media. This is the same trend with the investors information dubbed road show done recently. Safcom management consider themselves as accountable to foreign investors and not us!!
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Wa_ithaka
#9 Posted : Thursday, March 18, 2010 3:51:40 PM
Rank: Veteran

Joined: 1/7/2010
Posts: 1,279
Location: nbi
Ma-gathe-gi u both didn't just compare MJ to Moi! Hakuna. MJ has built a phenomena where moi misrurend for 24yrs
The Governor of Nyeri - 2017
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ecstacy
#10 Posted : Thursday, March 18, 2010 4:33:51 PM
Rank: Elder

Joined: 2/26/2008
Posts: 4,449
He had reached his peak...anyho either way interesting days ahead if he chooses to renew his contract or bounce...
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