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Safaricom results FY 2010
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2012
#11 Posted : Monday, May 24, 2010 4:37:35 PM
Rank: Elder

Joined: 12/9/2009
Posts: 6,592
Location: Nairobi
mv_ufanisi wrote:
Hope for the best. It's likely some foreign investor will offload so much that the share gain will be minimized.


That's my worry too. My sell is at 6.2 and I'm hoping for the best. Lakini 40B shares ni mingi! They need to announce a reverse on Wednesday as well.

BBI will solve it :)
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obiero
#12 Posted : Monday, May 24, 2010 7:00:57 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,221
Location: nairobi
is it really possible for safaricom to obtain a pbt of twenty billion. i doubt it

KQ ABP 4.26
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The Merchant
#13 Posted : Monday, May 24, 2010 7:55:07 PM
Rank: Veteran

Joined: 5/24/2010
Posts: 846
Location: KENYA
I think the fundamentals for safaricom are ok...at least thats the reason i want to get in now...they seem to understand that their future is not in voice only and like a market leader they have gone into everything from data to financials!!I see the stock go past 15 in like 2 yrs. Honest opinion.
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Jaguar
#14 Posted : Monday, May 24, 2010 9:58:25 PM
Rank: Member

Joined: 6/7/2007
Posts: 263
Location: humu humu
mv_ufanisi wrote:
It's likely some foreign investor will offload so much

foreigners have been offloading though not heavily since 19-05-10 till today (monday).
20B PBT? very unlikely
@guru627, another bet on 20B PBT? smile
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  | | Edit by user: Monday, May 24, 2010 10:00 PM | Reason: Not specified
ProverB
#15 Posted : Tuesday, May 25, 2010 7:36:54 AM
Rank: Veteran

Joined: 3/12/2010
Posts: 1,199
Location: Eastlander
eeeeeeeeehhh......

please..as you think safcom...please consider whatever factors you use on A PER SHARE BASIS!!!!!!!!
please?.... company in itself might be doing well but on a PER SHARE BASIS definitely NOT!!!

Interim results earnings were up about 8%...(not sure..will confirm... what is there to make full year earnings beat this?..kwani what has happened within 6 months??

Why pay 5 bob for a share whose earnings are HARDLY any where near 0.50 bob???

fundamentally...NO GO...technically...hence trade/momoentum movers...may be a buy...but there's nothing worth writing home about...options better off out of this one.
..Let your light so shine before men, that they may see your good works, and glorify your Father which is in heaven...Matt5:16
- 1769 Oxford King James Bible 'Authorized Version
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2012
#16 Posted : Tuesday, May 25, 2010 7:44:44 AM
Rank: Elder

Joined: 12/9/2009
Posts: 6,592
Location: Nairobi
ProverB wrote:
eeeeeeeeehhh......

what is there to make full year earnings beat this?..kwani what has happened within 6 months??


Mpesa, Mkesho, 3G internet, increased subscriber base... A lot has happened in 6 months.

BBI will solve it :)
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ProverB
#17 Posted : Tuesday, May 25, 2010 8:06:27 AM
Rank: Veteran

Joined: 3/12/2010
Posts: 1,199
Location: Eastlander
2012 wrote:


Mpesa, Mkesho, 3G internet, increased subscriber base... A lot has happened in 6 months.


my ownership in safaricom is LIMITED to the number of shares I have... a paltry 10,000 shares (compared to FREAKING 40 BILLION).. so even if they make PROFIT after Tax of ksh80 Billion.. (LOL!!!) my stake is 0.00000025 of that!!!! seriously... if they had fewer shares..those things you've quoted would be so cool on shareholder value...but on a PER SHARE BASIS..for it to be worth decent investment by a retailor...they need to reports profits close to 100 BILLION... which is not possible... unless in Uganda shillings! Tehehehehe!
..Let your light so shine before men, that they may see your good works, and glorify your Father which is in heaven...Matt5:16
- 1769 Oxford King James Bible 'Authorized Version
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  | | Edit by user: Tuesday, May 25, 2010 8:08 AM | Reason: Not specified
2012
#18 Posted : Tuesday, May 25, 2010 8:32:42 AM
Rank: Elder

Joined: 12/9/2009
Posts: 6,592
Location: Nairobi
ProverB wrote:
my ownership in safaricom is LIMITED to the number of shares I have... a paltry 10,000 shares (compared to FREAKING 40 BILLION).. so even if they make PROFIT after Tax of ksh80 Billion.. (LOL!!!) my stake is 0.00000025 of that!!!! seriously... if they had fewer shares..those things you've quoted would be so cool on shareholder value...but on a PER SHARE BASIS..for it to be worth decent investment by a retailor...they need to reports profits close to 100 BILLION... which is not possible... unless in Uganda shillings! Tehehehehe!


I totally get what you are saying but you are buying more than just the face value. You are buying with optimism of future growth. It's perceived value not actual value. I can bet you if they did a reverse split and only has 4B shares they would never trade below 60/- while nothing else would have changed including the 1/- dividend the perception would be different. Look at equity with almost 4B shares gaining by sometimes more than a shilling a day.

BBI will solve it :)
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  | | Edit by user: Tuesday, May 25, 2010 8:34 AM | Reason: Not specified
ProverB
#19 Posted : Tuesday, May 25, 2010 8:39:37 AM
Rank: Veteran

Joined: 3/12/2010
Posts: 1,199
Location: Eastlander
2012 wrote:
I can bet you if they did a reverse split and only has 4B shares they would never trade below 60/- while nothing else would have changed including the 1/- dividend the perception would be different. Look at equity with almost 4B shares gaining by sometimes more than a shilling a day.


Reality. that is not happening anytime soon.
my argument...no need to get all excited unless you are a momentum trader..or behavior trackers hence larger risk threshold... But as investment.. safaricom is not the better option here.
..Let your light so shine before men, that they may see your good works, and glorify your Father which is in heaven...Matt5:16
- 1769 Oxford King James Bible 'Authorized Version
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mukiha
#20 Posted : Tuesday, May 25, 2010 9:32:09 AM
Rank: Elder

Joined: 6/27/2008
Posts: 4,114
The "problem" with SCOM [if indeed it is a problem] is NOT the number of SHARES [40b], but the number of SHAREHOLDERS [800,000]. If we can figure a way of cutting this to 80,000, then you will see the price rising...

Reverse-splitting [or consolidation] will not change things!
Nothing is real unless it can be named; nothing has value unless it can be sold; money is worthless unless you spend it.
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