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Safcom on a dive, whats going on?
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Jamani
#121 Posted : Sunday, August 22, 2010 2:00:35 PM
Rank: Elder

Joined: 9/12/2006
Posts: 1,554
Jaina wrote:
The contest here is between the mighty Idians and the arrogant Brits. In the recent past, indians are outsmarting the brits in many businesses. Eg. In india, Bharti Airtel is the leading mobile phone company with 137 Million subscibers. Vodaphone is ranked 3rd with 80 Million.

Though the contest is in a different wavelength in kenya, kenyan market is and has always been unique. The mighty SAB Millers were humbled in kenya. My bet is these indians will be humbled too. Even if they have big/deep pokets like slim helu, they cannot sustain the pricing strategy that they have adopted in the longterm.

Assuming that safcom can afford to loose 10% of marketshare as a result of the price wars and still maintain current pricing, indians will still have a long way to go to achieve any profits.




@Jaina spot-on, however include kenyans since we also own a percentage in safcom
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sparkly
#122 Posted : Sunday, August 22, 2010 2:15:06 PM
Rank: Elder

Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
Jamani wrote:
Jaina wrote:
The contest here is between the mighty Idians and the arrogant Brits. In the recent past, indians are outsmarting the brits in many businesses. Eg. In india, Bharti Airtel is the leading mobile phone company with 137 Million subscibers. Vodaphone is ranked 3rd with 80 Million.

Though the contest is in a different wavelength in kenya, kenyan market is and has always been unique. The mighty SAB Millers were humbled in kenya. My bet is these indians will be humbled too. Even if they have big/deep pokets like slim helu, they cannot sustain the pricing strategy that they have adopted in the longterm.

Assuming that safcom can afford to loose 10% of marketshare as a result of the price wars and still maintain current pricing, indians will still have a long way to go to achieve any profits.




@Jaina spot-on, however include kenyans since we also own a percentage in safcom

amen to that considering the shares held by treasury and the ones by wananchi like me.
Life is short. Live passionately.
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bartum
#123 Posted : Sunday, August 22, 2010 3:11:19 PM
Rank: Veteran

Joined: 8/11/2010
Posts: 1,011
Location: nairobi
by the way who were the owner of kencell
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obiero
#124 Posted : Sunday, August 22, 2010 3:21:41 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,224
Location: nairobi
vivendi
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Jamani
#125 Posted : Sunday, August 22, 2010 4:02:03 PM
Rank: Elder

Joined: 9/12/2006
Posts: 1,554
bartum wrote:
by the way who were the owner of kencell


Vivendi and Merali Kencell
Merali and Mo-Ibrahim Celtel
Kuwait and Merali Zain
Bharti and Merali Airtel(next name)
?? and Merali (?? next buyer)
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guru267
#126 Posted : Sunday, August 22, 2010 4:22:03 PM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
Jamani wrote:
bartum wrote:
by the way who were the owner of kencell


Vivendi and Merali Kencell
Merali and Mo-Ibrahim Celtel
Kuwait and Merali Zain
Bharti and Merali Airtel(next name)
?? and Merali (?? next buyer)

@jamani merali sold all his stake in zain to bharti so he's not involved in this one
Mark 12:29
Deuteronomy 4:16
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Jamani
#127 Posted : Sunday, August 22, 2010 4:49:36 PM
Rank: Elder

Joined: 9/12/2006
Posts: 1,554
guru267 wrote:
Jamani wrote:
bartum wrote:
by the way who were the owner of kencell


Vivendi and Merali Kencell
Merali and Mo-Ibrahim Celtel
Kuwait and Merali Zain
Bharti and Merali Airtel(next name)
?? and Merali (?? next buyer)

@jamani merali sold all his stake in zain to bharti so he's not involved in this one



aah ok, so cck changed the rule to accept 100% ownership of telco to foreign companies? i thought he has kitu 10% there about, and its still listed here check this out http://www.sameer-group....=contacts&pcat=about
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  | | Edit by user: Sunday, August 22, 2010 4:56 PM | Reason: Not specified
the deal
#128 Posted : Sunday, August 22, 2010 5:03:22 PM
Rank: Elder

Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
I think the foreigners who are selling are reacting to the Morgan Stanely downgrade...
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guru267
#129 Posted : Sunday, August 22, 2010 5:05:29 PM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
j
Mark 12:29
Deuteronomy 4:16
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  | | Edit by user: Sunday, August 22, 2010 5:25 PM | Reason: Change of heart
guru267
#130 Posted : Sunday, August 22, 2010 5:14:44 PM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
the deal wrote:
I think the foreigners who are selling are reacting to the Morgan Stanely downgrade...

So am i... I'm basing my decision After doing my own analysis of new events and also listening to the sound recommendation of morgan stanley who have been huge supporters of safcom
Mark 12:29
Deuteronomy 4:16
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