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Goodness!!! Safaricom HY 2011-2012 RESULTS Down 50%
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Kabird
#11 Posted : Wednesday, November 09, 2011 4:24:06 PM
Rank: New-farer

Joined: 2/6/2011
Posts: 60
This is not good news. This is surely a bear market. Interestingly voice only dropped 5% that is weird considering of the voice price wars.
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mlennyma
#12 Posted : Wednesday, November 09, 2011 4:24:42 PM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
This kicks suffering con to number 5 in profitability in kenya.too bad indeed..the whole nse will get a cold.
"Don't let the fear of losing be greater than the excitement of winning."
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Tebes
#13 Posted : Wednesday, November 09, 2011 4:28:10 PM
Rank: Elder

Joined: 11/26/2008
Posts: 2,097
Ericsson wrote:
That was expected.Competition is stiff in the telecoms sector.Come end of the year mantle of the most profitable company will be with KCB then Equity and Barclays Bank



Competition is healthy. This company used to declare supernormal profits at a time when the dollar was trading at between 70-75 bob. In the early days one was charged 52/= bob for calling then Kencell and about 28/= for calls within network.They never even used to care, terming their customers humans "with peculiar calling habits". Think their honeymoon has come to an end.
"Never regret, if its good, its wonderful. If its bad, its experience."
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obiero
#14 Posted : Wednesday, November 09, 2011 4:28:14 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,213
Location: nairobi
that news from reuters must be false..

KQ ABP 4.26
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QW25081985
#15 Posted : Wednesday, November 09, 2011 4:29:30 PM
Rank: User

Joined: 8/29/2011
Posts: 1,045
Location: Mtaani
market round up of Kenya : cnbc

http://www.youtube.com/w...edded&v=9iR5c6xMhGE
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ngapat
#16 Posted : Wednesday, November 09, 2011 4:30:49 PM
Rank: Veteran

Joined: 12/11/2006
Posts: 930
Safaricom posted a 48.3% slide in pretax profit to Sh5.397billion in its first-half to the end of September
“Invest in yourself. Your career is the engine of your wealth.”
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Tebes
#17 Posted : Wednesday, November 09, 2011 4:33:38 PM
Rank: Elder

Joined: 11/26/2008
Posts: 2,097
Things not anymore rosy for this safcom company. I have noted most people calling myself nowdays are using Yu and Airtel.
"Never regret, if its good, its wonderful. If its bad, its experience."
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Barrywhite
#18 Posted : Wednesday, November 09, 2011 4:35:27 PM
Rank: Member

Joined: 12/2/2009
Posts: 286
Location: Nairobi
I agree; nse will be in a coughing bout tomorrow. Time to buy or sell? Depends on your horizon.
The laudable is more often than not rendered laughable by overclaim
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QW25081985
#19 Posted : Wednesday, November 09, 2011 4:40:36 PM
Rank: User

Joined: 8/29/2011
Posts: 1,045
Location: Mtaani
nse will be as calm a little pond tomorrow . freaked out sellers sold long time ago and on the contrary demand outstripped supply today and guess what price was stable ..if you want to sell just sell.

btw i can bet a whole house on it ...
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Gordon Gekko
#20 Posted : Wednesday, November 09, 2011 4:57:51 PM
Rank: Elder

Joined: 5/27/2008
Posts: 3,760
Gosh, and on the day I got a measly dividend through MPesa!! Looks like I will not be getting the SMS in a long time Sad
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