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Safaricom FY2018
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Ericsson
#211 Posted : Wednesday, October 17, 2018 12:54:57 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
HY 2018/2019 results is 3 weeks away
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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maka
#212 Posted : Wednesday, October 17, 2018 6:02:14 PM
Rank: Elder

Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
Ericsson wrote:
HY 2018/2019 results is 3 weeks away


possunt quia posse videntur
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murchr
#213 Posted : Wednesday, October 17, 2018 6:39:05 PM
Rank: Elder

Joined: 2/26/2012
Posts: 15,980
Ericsson wrote:
HY 2018/2019 results is 3 weeks away


FY18 is done and dusted the new year is 19. Note its not calendar yr but Fin yr.

Quote:
Safaricom’s fiber market share grew from 19.4 percent in the last quarter to 21.2 percent by June on the back of aggressive marketing that added 14,537 fixed internet customers between March and June, to hit a total of 78,104 users.


    Firm No. of Subscriptions Market Share (%)
    Wananchi 112,155- 30.4
    Safaricom 78,104 - 21.2
    Mawingu Networks Ltd 77,722 21.1
    Jamii Telecom 43,529 11.8
    Poa Internet Kenya Ltd (formerly Argon Telecom Services Ltd) 25,810 7
    Internet Solutions (ex-Access Kenya) 15,227 4.1
    Liquid Telecom 9,720 2.6
    Telkom Kenya 4,178 1.1

"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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VituVingiSana
#214 Posted : Wednesday, October 17, 2018 6:39:16 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,347
Location: Nairobi
maka wrote:
Ericsson wrote:
HY 2018/2019 results is 3 weeks away



I don't blame Safcom or anyone else. Had they not done so, GoK would have whacked them with higher taxes.
Now I await some GoK crooks who will say that Safcom should not pass on extra costs the consumers...
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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obiero
#215 Posted : Wednesday, October 17, 2018 6:42:46 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,215
Location: nairobi
VituVingiSana wrote:
maka wrote:
Ericsson wrote:
HY 2018/2019 results is 3 weeks away



I don't blame Safcom or anyone else. Had they not done so, GoK would have whacked them with higher taxes.
Now I await some GoK crooks who will say that Safcom should not pass on extra costs the consumers...

These guys are reckless. They should not pass the cost to consumers. How much profit is enough profit

KQ ABP 4.26
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murchr
#216 Posted : Wednesday, October 17, 2018 6:59:04 PM
Rank: Elder

Joined: 2/26/2012
Posts: 15,980
obiero wrote:
VituVingiSana wrote:
maka wrote:
Ericsson wrote:
HY 2018/2019 results is 3 weeks away



I don't blame Safcom or anyone else. Had they not done so, GoK would have whacked them with higher taxes.
Now I await some GoK crooks who will say that Safcom should not pass on extra costs the consumers...

These guys are reckless. They should not pass the cost to consumers. How much profit is enough profit


Are they taxing profitability or the service? The profit is taxed, if the govt feels they need more taxation out of the service safaricom is providing then the subscribers should foot it
"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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VituVingiSana
#217 Posted : Wednesday, October 17, 2018 7:01:20 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,347
Location: Nairobi
obiero wrote:
VituVingiSana wrote:
maka wrote:
Ericsson wrote:
HY 2018/2019 results is 3 weeks away



I don't blame Safcom or anyone else. Had they not done so, GoK would have whacked them with higher taxes.
Now I await some GoK crooks who will say that Safcom should not pass on extra costs the consumers...

These guys are reckless. They should not pass the cost to consumers. How much profit is enough profit
I may not be a fan of Safcom as a consumer but for the last 10 years they have innovated like crazy. Other monopolies eg KQ and KPLC have crashed.
From M-Pesa, to Tills/Buy Goods to FTTH. These are long-term projects that needed massive investments in time and resources.
Celtel/Zain/Airtel dropped the ball.
Telkom/Orange/Telkom was a non-starter.

I prefer a (competitive) market economy to price controls that kill off innovation.

I want Airtel, Telkom and Faiba to step up and force Safcom to lower prices thanks to competition.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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obiero
#218 Posted : Wednesday, October 17, 2018 7:01:46 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,215
Location: nairobi
murchr wrote:
obiero wrote:
VituVingiSana wrote:
maka wrote:
Ericsson wrote:
HY 2018/2019 results is 3 weeks away



I don't blame Safcom or anyone else. Had they not done so, GoK would have whacked them with higher taxes.
Now I await some GoK crooks who will say that Safcom should not pass on extra costs the consumers...

These guys are reckless. They should not pass the cost to consumers. How much profit is enough profit


Are they taxing profitability or the service? The profit is taxed, if the govt feels they need more taxation out of the service safaricom is providing then the subscribers should foot it

There's no corporate ethics behind this.. Kenya is a poor state and the citizens need a break

KQ ABP 4.26
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maka
#219 Posted : Wednesday, October 17, 2018 7:02:49 PM
Rank: Elder

Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
murchr wrote:
obiero wrote:
VituVingiSana wrote:
maka wrote:
Ericsson wrote:
HY 2018/2019 results is 3 weeks away



I don't blame Safcom or anyone else. Had they not done so, GoK would have whacked them with higher taxes.
Now I await some GoK crooks who will say that Safcom should not pass on extra costs the consumers...

These guys are reckless. They should not pass the cost to consumers. How much profit is enough profit


Are they taxing profitability or the service? The profit is taxed, if the govt feels they need more taxation out of the service safaricom is providing then the subscribers should foot it


possunt quia posse videntur
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VituVingiSana
#220 Posted : Wednesday, October 17, 2018 7:03:38 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,347
Location: Nairobi
murchr wrote:
obiero wrote:
VituVingiSana wrote:
maka wrote:
Ericsson wrote:
HY 2018/2019 results is 3 weeks away



I don't blame Safcom or anyone else. Had they not done so, GoK would have whacked them with higher taxes.
Now I await some GoK crooks who will say that Safcom should not pass on extra costs the consumers...

These guys are reckless. They should not pass the cost to consumers. How much profit is enough profit

Are they taxing profitability or the service? The profit is taxed, if the govt feels they need more taxation out of the service safaricom is providing then the subscribers should foot it
True. I am going to hurt but the increased taxes but the Dynamic Duo didn't get into power without the consent of 50%+1.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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