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Safaricom FY17 PBT 67BN
Rank: Elder Joined: 5/25/2012 Posts: 4,105 Location: 08c
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sparkly wrote:
The sale of Safaricom transaction obviously impacts the Vodafone Income Statement since Safaricom was being reported as an associate rather than consolidated as a subsidiary.
Vodafone has been fattening the calf for slaughter. Objective executed flawlessly:
1. Super dividends, partly financed by borrowed money;
2. (1) above caused share price to spike (can't rule trading with internal assistance);
3. Transfer shares to Vodacom at USD 2.6B;
4. End result... book sweet dividends and capital gains in UK books.
It will be a long wait for those getting into Safaricom at current prices.
Thank you. Please read Hating on Safaricom, post #34 Pesa Nane plans to be shilingi when he grows up.
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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Pesa Nane wrote:sparkly wrote:
The sale of Safaricom transaction obviously impacts the Vodafone Income Statement since Safaricom was being reported as an associate rather than consolidated as a subsidiary.
Vodafone has been fattening the calf for slaughter. Objective executed flawlessly:
1. Super dividends, partly financed by borrowed money;
2. (1) above caused share price to spike (can't rule trading with internal assistance);
3. Transfer shares to Vodacom at USD 2.6B;
4. End result... book sweet dividends and capital gains in UK books.
It will be a long wait for those getting into Safaricom at current prices.
Thank you. Please read Hating on Safaricom, post #34 Long wait for what @sparky? Isnt Safaricom a stand alone company with ownership of 35% Vodacom, 35% GOK 5% Vodafone and 25% Wanjiku? What is Wanjiku waiting for? Little bird informs me the withholding tax attracted on dividends has something on this share swap. "There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
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Rank: Veteran Joined: 8/28/2015 Posts: 1,247
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murchr wrote:Pesa Nane wrote:sparkly wrote:
The sale of Safaricom transaction obviously impacts the Vodafone Income Statement since Safaricom was being reported as an associate rather than consolidated as a subsidiary.
Vodafone has been fattening the calf for slaughter. Objective executed flawlessly:
1. Super dividends, partly financed by borrowed money;
2. (1) above caused share price to spike (can't rule trading with internal assistance);
3. Transfer shares to Vodacom at USD 2.6B;
4. End result... book sweet dividends and capital gains in UK books.
It will be a long wait for those getting into Safaricom at current prices.
Thank you. Please read Hating on Safaricom, post #34 Long wait for what @sparky? Isnt Safaricom a stand alone company with ownership of 35% Vodacom, 35% GOK 5% Vodafone and 25% Wanjiku? What is Wanjiku waiting for? Little bird informs me the withholding tax attracted on dividends has something on this share swap. I tend to disagree, so won't dividends due to vodacom based in Azania not attract W.HT. do Kenya andS.A have preferential trade agreements to that effect. In lack of that, I support the book, sharing of risk theory advanced by @sparkly. Association is more risky than consolation any day any time unless vodacom is a 100% owned subsidiary of vodafone. ,Behold, a sower went forth to sow;....
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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muandiwambeu wrote:murchr wrote:Pesa Nane wrote:sparkly wrote:
The sale of Safaricom transaction obviously impacts the Vodafone Income Statement since Safaricom was being reported as an associate rather than consolidated as a subsidiary.
Vodafone has been fattening the calf for slaughter. Objective executed flawlessly:
1. Super dividends, partly financed by borrowed money;
2. (1) above caused share price to spike (can't rule trading with internal assistance);
3. Transfer shares to Vodacom at USD 2.6B;
4. End result... book sweet dividends and capital gains in UK books.
It will be a long wait for those getting into Safaricom at current prices.
Thank you. Please read Hating on Safaricom, post #34 Long wait for what @sparky? Isnt Safaricom a stand alone company with ownership of 35% Vodacom, 35% GOK 5% Vodafone and 25% Wanjiku? What is Wanjiku waiting for? Little bird informs me the withholding tax attracted on dividends has something on this share swap. I tend to disagree, so won't dividends due to vodacom based in Azania not attract W.HT. do Kenya andS.A have preferential trade agreements to that effect. YesIn lack of that, I support the book, sharing of risk theory advanced by @sparkly. Association is more risky than consolation any day any time unless vodacom is a 100% owned subsidiary of vodafone. Kenya to UK 15% KE to SA - 10% http://taxsummaries.pwc....orate-Withholding-taxes
What clause favors SA-UK?Quote:Lower rate of 5% applies to a beneficial owner that is a company and has a minimum holding of 10% of capital. Lower rate of 10% applies in all other cases. 15% rate applies to all dividends from property investment companies "There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
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Rank: Elder Joined: 12/4/2009 Posts: 10,804 Location: NAIROBI
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Withholding tax SA to UK is 0% Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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murchr wrote:Pesa Nane wrote:sparkly wrote:
The sale of Safaricom transaction obviously impacts the Vodafone Income Statement since Safaricom was being reported as an associate rather than consolidated as a subsidiary.
Vodafone has been fattening the calf for slaughter. Objective executed flawlessly:
1. Super dividends, partly financed by borrowed money;
2. (1) above caused share price to spike (can't rule trading with internal assistance);
3. Transfer shares to Vodacom at USD 2.6B;
4. End result... book sweet dividends and capital gains in UK books.
It will be a long wait for those getting into Safaricom at current prices.
Thank you. Please read Hating on Safaricom, post #34 Long wait for what @sparky? Isnt Safaricom a stand alone company with ownership of 35% Vodacom, 35% GOK 5% Vodafone and 25% Wanjiku? What is Wanjiku waiting for? Little bird informs me the withholding tax attracted on dividends has something on this share swap. Price will collapse. Those buying at 20 will wait another 10 years before making a meaningful return. I concur wit @Pesa nane's assessment. Life is short. Live passionately.
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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sparkly wrote:murchr wrote:Pesa Nane wrote:sparkly wrote:
The sale of Safaricom transaction obviously impacts the Vodafone Income Statement since Safaricom was being reported as an associate rather than consolidated as a subsidiary.
Vodafone has been fattening the calf for slaughter. Objective executed flawlessly:
1. Super dividends, partly financed by borrowed money;
2. (1) above caused share price to spike (can't rule trading with internal assistance);
3. Transfer shares to Vodacom at USD 2.6B;
4. End result... book sweet dividends and capital gains in UK books.
It will be a long wait for those getting into Safaricom at current prices.
Thank you. Please read Hating on Safaricom, post #34 Long wait for what @sparky? Isnt Safaricom a stand alone company with ownership of 35% Vodacom, 35% GOK 5% Vodafone and 25% Wanjiku? What is Wanjiku waiting for? Little bird informs me the withholding tax attracted on dividends has something on this share swap. Price will collapse. Those buying at 20 will wait another 10 years before making a meaningful return. I concur wit @Pesa nane's assessment. @Sparky you've been saying that since I can remember lakini wacha hizo ng'ombe zikuje then we talk Meanwhile  "There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
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Rank: Veteran Joined: 9/18/2014 Posts: 1,127
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murchr wrote:sparkly wrote:murchr wrote:Pesa Nane wrote:sparkly wrote:
The sale of Safaricom transaction obviously impacts the Vodafone Income Statement since Safaricom was being reported as an associate rather than consolidated as a subsidiary.
Vodafone has been fattening the calf for slaughter. Objective executed flawlessly:
1. Super dividends, partly financed by borrowed money;
2. (1) above caused share price to spike (can't rule trading with internal assistance);
3. Transfer shares to Vodacom at USD 2.6B;
4. End result... book sweet dividends and capital gains in UK books.
It will be a long wait for those getting into Safaricom at current prices.
Thank you. Please read Hating on Safaricom, post #34 Long wait for what @sparky? Isnt Safaricom a stand alone company with ownership of 35% Vodacom, 35% GOK 5% Vodafone and 25% Wanjiku? What is Wanjiku waiting for? Little bird informs me the withholding tax attracted on dividends has something on this share swap. Price will collapse. Those buying at 20 will wait another 10 years before making a meaningful return. I concur wit @Pesa nane's assessment. @Sparky you've been saying that since I can remember lakini wacha hizo ng'ombe zikuje then we talk Meanwhile Fantastic chart showing the divergence between safcom vs broad market(NASI) vs NSE20. Since September of 2015(one and a half years), safcom has wiped the floor with both indices though it has coughed out more losses(relatively) in the post rate cap period. It has also done most of the heavy lifting after the 2789 low early in the year alongside the bounce in banking stocks. With the ink drying on the Vodafone/Vodacom deal(puts the special dividend and subsequent borrowing in perspective), I think this divergence shouldn't take long to resolve itself. The main purpose of the stock market is to make fools of as many people as possible.
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Rank: Elder Joined: 12/4/2009 Posts: 10,804 Location: NAIROBI
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BNP Pariba Asset Mgt loaded up 17.12m shares of Safaricom in March Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Veteran Joined: 8/11/2010 Posts: 1,011 Location: nairobi
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Ericsson wrote:BNP Pariba Asset Mgt loaded up 17.12m shares of Safaricom in March Hiyo ni kidogo
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