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Safcom Bigger than EABL, KCB and Equity Bank combined
watesh
#11 Posted : Thursday, March 19, 2015 6:10:55 PM
Rank: Veteran

Joined: 8/10/2014
Posts: 992
Location: Kenya
Stract_Consulting wrote:
mlennyma wrote:
This is not only bad for the nse but also for the kenyan economy should it catch diarrhoea



Why is it bad news? I believe it is good news for investors?

As someone said, if Rudisha keeps winning 800M and smashing world records, should we put more hurdles on his path? Why should we punish success?

I think its good for the economy. I dont see why its bad for a Kenyan company to grow really big. It should even be encouraged to grow bigger
innairobi
#12 Posted : Thursday, March 19, 2015 6:50:05 PM
Rank: Member

Joined: 9/2/2010
Posts: 845
Its also a demonstration of how tiny the Nairobi Securities Exchange is. Having one company that is so outsized relative to the exchange is usually a characteristic of small, immature exchanges. Nigeria Stock Exchange has a roughly similar problem with Dangote I think. You wont find such on something like the Johannesburg Stock Exchange.
All my friends are heathens, take it slow. Wait for them to ask you who you know. Please don't make any sudden moves.
obiero
#13 Posted : Thursday, March 19, 2015 7:00:34 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,245
Location: nairobi
this is a result of corporate thuggery. the unholy prices charged by scom are what leads to insane profits and resultant share price rally..

Stract_Consulting
#14 Posted : Thursday, March 19, 2015 8:22:43 PM
Rank: New-farer

Joined: 6/3/2014
Posts: 58
Location: Nairobi
obiero wrote:
this is a result of corporate thuggery. the unholy prices charged by scom are what leads to insane profits and resultant share price rally..


Really? The shareholders are happy, the government is happy as there is more tax to be earned.... It can also be assumed that the customer is happy since they keep buying Saf products and services...


Be ignorant and ask a few questions - Peter Drucker
MaichBlack
#15 Posted : Thursday, March 19, 2015 9:28:09 PM
Rank: Elder

Joined: 7/22/2009
Posts: 7,864
obiero wrote:
this is a result of corporate thuggery. the unholy prices charged by scom are what leads to insane profits and resultant share price rally..

Willing buyer willing seller!!!

Who forces anyone to stay on Safcom??

People were allowed to migrate with their numbers and go wherever they wanted and they REFUSED to go!!!

Mnatakaga aje jameni???
Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
mlennyma
#16 Posted : Thursday, March 19, 2015 10:07:34 PM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
Stract_Consulting wrote:
obiero wrote:
this is a result of corporate thuggery. the unholy prices charged by scom are what leads to insane profits and resultant share price rally..


Really? The shareholders are happy, the government is happy as there is more tax to be earned.... It can also be assumed that the customer is happy since they keep buying Saf products and services...



safcom customers live a complaining life but they lack a better option due to dirty business tricks which the company uses to lock them in it.a case in point equitys mvno
"Don't let the fear of losing be greater than the excitement of winning."
ayushnehra
#17 Posted : Thursday, March 19, 2015 10:14:23 PM
Rank: Member

Joined: 1/4/2015
Posts: 153
mlennyma wrote:
Stract_Consulting wrote:
obiero wrote:
this is a result of corporate thuggery. the unholy prices charged by scom are what leads to insane profits and resultant share price rally..


Really? The shareholders are happy, the government is happy as there is more tax to be earned.... It can also be assumed that the customer is happy since they keep buying Saf products and services...



safcom customers live a complaining life but they lack a better option due to dirty business tricks which the company uses to lock them in it.a case in point equitys mvno


A lot of Kenyan consumer in general seem to falling for the brand overlooking the extra costs they incur..Price of ignorance..!!
Dreams are not the thing you see in your sleep..it's the thing that doesn't let you sleep. - A.P.J. Abdul Kalam
soko huru
#18 Posted : Thursday, March 19, 2015 10:29:02 PM
Rank: Hello

Joined: 3/19/2015
Posts: 2
Location: Nairobi, Kenya
That's an over statement, Safcom is not that Big, I doubt if its bigger that EABL alone, How many years has it been around? Eabl have been around for a longtime Saf is only riding on a bubble that am pretty sure it will not last long, look at what they are up against, their super normal are likely to be reduced by their competitors. Things are going to change, like calling rates and data charges will always go down that means their only stable or constant revenue come from Mpesa.

How many Kenyans are not happy with Safcom? They seem to forget what got them to where they are. Bob Saf's CEO will not last long cos he has changed the company to a totally different direction that is Profit oriented, There is always one Man who Made Saf what it is today, Michael Joseph, He deeply understood the culture and behavior of Kenyans.
jwatesh
#19 Posted : Thursday, March 19, 2015 10:40:08 PM
Rank: Member

Joined: 8/19/2014
Posts: 125
soko huru wrote:
That's an over statement, Safcom is not that Big, I doubt if its bigger that EABL alone, How many years has it been around? Eabl have been around for a longtime Saf is only riding on a bubble that am pretty sure it will not last long, look at what they are up against, their super normal are likely to be reduced by their competitors. Things are going to change, like calling rates and data charges will always go down that means their only stable or constant revenue come from Mpesa.

How many Kenyans are not happy with Safcom? They seem to forget what got them to where they are. Bob Saf's CEO will not last long cos he has changed the company to a totally different direction that is Profit oriented, There is always one Man who Made Saf what it is today, Michael Joseph, He deeply understood the culture and behavior of Kenyans.

Hahaha you clearly have beef with Safaricom. Its easier to sell airtime to a person than beer. One is more of a necessity and one is hard hit by taxes and Mututho. Safaricom can easily double its revenues, EABL not likely
Boris Boyka
#20 Posted : Thursday, March 19, 2015 10:41:53 PM
Rank: Veteran

Joined: 11/15/2013
Posts: 1,977
Location: Here
soko huru wrote:
That's an over statement, Safcom is not that Big, I doubt if its bigger that EABL alone, How many years has it been around? Eabl have been around for a longtime Saf is only riding on a bubble that am pretty sure it will not last long, look at what they are up against, their super normal are likely to be reduced by their competitors. Things are going to change, like calling rates and data charges will always go down that means their only stable or constant revenue come from Mpesa.

How many Kenyans are not happy with Safcom? They seem to forget what got them to where they are. Bob Saf's CEO will not last long cos he has changed the company to a totally different direction that is Profit oriented, There is always one Man who Made Saf what it is today, Michael Joseph, He deeply understood the culture and behavior of Kenyans.

d'oh! You are confused chap! haha big is not number. of years!!! Base it on market Cap. You seem emotional on money you spent on airtime. Which bubble?? call rates will reduce just like bank rates and charges have reduced...but double digit profits will be made. even if a competitor comes....she will dance to tune of safcom orelse make losses. Meza Piriton Ulale boss.
Everybody STEALS, a THIEF is one who's CAUGHT stealing something of LITTLE VALUE. !!!
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