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Safaricom 2019/2020
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Ericsson
#91 Posted : Wednesday, October 09, 2019 9:15:23 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,819
Location: NAIROBI
[quote=kenyan2019]M-Pesa revenue outside Kenya grew 42.7 percent to Sh6.2 billion in three months to June, showing the growing popularity of the mobile money service in Africa.

https://www.businessdail...303928-jjyts/index.html[/quote]

Read the article keenly,it points to growth in other jurisdictions where vodacom has presence like DRC
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Ericsson
#92 Posted : Thursday, October 10, 2019 11:28:30 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,819
Location: NAIROBI
Safaricom is considering buying a stake in Ethiopia state owned Ethio telecom, which has announced the sale of shares through a privatization plan or setting shop in Ethiopia from scratch.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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watesh
#93 Posted : Thursday, October 10, 2019 11:36:33 PM
Rank: Veteran

Joined: 8/10/2014
Posts: 992
Location: Kenya
Ericsson wrote:
Safaricom is considering buying a stake in Ethiopia state owned Ethio telecom, which has announced the sale of shares through a privatization plan or setting shop in Ethiopia from scratch.

Finally some light at the end of the tunnel in terms of expansion outside the country
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Ericsson
#94 Posted : Saturday, October 12, 2019 2:54:39 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,819
Location: NAIROBI
watesh wrote:
Ericsson wrote:
Safaricom is considering buying a stake in Ethiopia state owned Ethio telecom, which has announced the sale of shares through a privatization plan or setting shop in Ethiopia from scratch.

Finally some light at the end of the tunnel in terms of expansion outside the country


Ethio telecom 2018/2019 Financial results
Revenue - - - $1.2bn
Net income---$198mn

Let's say Company is valued at sh.200bn using a price to earnings ratio of 10
If the Ethiopian government sells a 20% stake, safaricom may have to folk out $400mn or ksh.40bn
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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VituVingiSana
#95 Posted : Saturday, October 12, 2019 6:25:39 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,371
Location: Nairobi
Ericsson wrote:
watesh wrote:
Ericsson wrote:
Safaricom is considering buying a stake in Ethiopia state owned Ethio telecom, which has announced the sale of shares through a privatization plan or setting shop in Ethiopia from scratch.

Finally some light at the end of the tunnel in terms of expansion outside the country


Ethio telecom 2018/2019 Financial results
Revenue - - - $1.2bn
Net income---$198mn

Let's say Company is valued at sh.200bn using a price to earnings ratio of 10
If the Ethiopian government sells a 20% stake, safaricom may have to folk out $400mn or ksh.40bn
Easy for Saf which paid 75bn+ in dividends last year.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Ericsson
#96 Posted : Saturday, October 12, 2019 9:15:01 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,819
Location: NAIROBI
VituVingiSana wrote:
Ericsson wrote:
watesh wrote:
Ericsson wrote:
Safaricom is considering buying a stake in Ethiopia state owned Ethio telecom, which has announced the sale of shares through a privatization plan or setting shop in Ethiopia from scratch.

Finally some light at the end of the tunnel in terms of expansion outside the country


Ethio telecom 2018/2019 Financial results
Revenue - - - $1.2bn
Net income---$198mn

Let's say Company is valued at sh.200bn using a price to earnings ratio of 10
If the Ethiopian government sells a 20% stake, safaricom may have to folk out $400mn or ksh.40bn
Easy for Saf which paid 75bn+ in dividends last year.


Let's wait and see what % stake will up for sale
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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VituVingiSana
#97 Posted : Saturday, October 12, 2019 9:35:12 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,371
Location: Nairobi
Ericsson wrote:
VituVingiSana wrote:
Ericsson wrote:
watesh wrote:
Ericsson wrote:
Safaricom is considering buying a stake in Ethiopia state owned Ethio telecom, which has announced the sale of shares through a privatization plan or setting shop in Ethiopia from scratch.

Finally some light at the end of the tunnel in terms of expansion outside the country


Ethio telecom 2018/2019 Financial results
Revenue - - - $1.2bn
Net income---$198mn

Let's say Company is valued at sh.200bn using a price to earnings ratio of 10
If the Ethiopian government sells a 20% stake, safaricom may have to folk out $400mn or ksh.40bn
Easy for Saf which paid 75bn+ in dividends last year.

Let's wait and see what % stake will up for sale
I was using your numbers. Even 50% at 100bn ($1bn) is do-able by Saf given it has the ability to borrow based on its regular and substantial cash inflow and debt-free balance sheet.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Ericsson
#98 Posted : Saturday, October 12, 2019 10:50:19 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,819
Location: NAIROBI
VituVingiSana wrote:
Ericsson wrote:
VituVingiSana wrote:
Ericsson wrote:
watesh wrote:
Ericsson wrote:
Safaricom is considering buying a stake in Ethiopia state owned Ethio telecom, which has announced the sale of shares through a privatization plan or setting shop in Ethiopia from scratch.

Finally some light at the end of the tunnel in terms of expansion outside the country


Ethio telecom 2018/2019 Financial results
Revenue - - - $1.2bn
Net income---$198mn

Let's say Company is valued at sh.200bn using a price to earnings ratio of 10
If the Ethiopian government sells a 20% stake, safaricom may have to folk out $400mn or ksh.40bn
Easy for Saf which paid 75bn+ in dividends last year.

Let's wait and see what % stake will up for sale
I was using your numbers. Even 50% at 100bn ($1bn) is do-able by Saf given it has the ability to borrow based on its regular and substantial cash inflow and debt-free balance sheet.


Borrowing means it may go with a foreign bank or do a syndicated loan with local banks.
Ethiopian government has given itself a timeline to complete by March 2020 and announce the winners.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Back to top
WWW
  | | Edit by user: Saturday, October 12, 2019 10:52 PM | Reason: Not specified
VituVingiSana
#99 Posted : Sunday, October 13, 2019 9:15:55 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,371
Location: Nairobi
Ericsson wrote:
VituVingiSana wrote:
Ericsson wrote:
VituVingiSana wrote:
Ericsson wrote:
watesh wrote:
Ericsson wrote:
Safaricom is considering buying a stake in Ethiopia state owned Ethio telecom, which has announced the sale of shares through a privatization plan or setting shop in Ethiopia from scratch.

Finally some light at the end of the tunnel in terms of expansion outside the country


Ethio telecom 2018/2019 Financial results
Revenue - - - $1.2bn
Net income---$198mn

Let's say Company is valued at sh.200bn using a price to earnings ratio of 10
If the Ethiopian government sells a 20% stake, safaricom may have to folk out $400mn or ksh.40bn
Easy for Saf which paid 75bn+ in dividends last year.

Let's wait and see what % stake will up for sale
I was using your numbers. Even 50% at 100bn ($1bn) is do-able by Saf given it has the ability to borrow based on its regular and substantial cash inflow and debt-free balance sheet.


Borrowing means it may go with a foreign bank or do a syndicated loan with local banks.
Ethiopian government has given itself a timeline to complete by March 2020 and announce the winners.
Easy for Safaricom to line up $1bn in financing within 3 months after the "award" given its strong cashflow, balance sheet and parent.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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  | | Edit by user: Sunday, October 13, 2019 9:17 AM | Reason: Not specified
shocks
#100 Posted : Sunday, October 13, 2019 12:18:53 PM
Rank: Member

Joined: 3/15/2009
Posts: 362
Big question is will ethiopia let such a critical industry be run by a company that a neighbouring government owns 35% of
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