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Will safaricom survive
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2012
#11 Posted : Tuesday, July 13, 2010 10:52:38 AM
Rank: Elder

Joined: 12/9/2009
Posts: 6,592
Location: Nairobi
sparkly wrote:
Airtel is planning to pump SH 12B into kenyan mkt.


Are you serious?!! To SCOM Shs. 12B is like dividend.

BBI will solve it :)
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VituVingiSana
#12 Posted : Tuesday, July 13, 2010 11:00:18 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,350
Location: Nairobi
2012 wrote:
sparkly wrote:
Airtel is planning to pump SH 12B into kenyan mkt.


Are you serious?!! To SCOM Shs. 12B is like dividend.

At 5cents per share, the dividend paid out was 2.5bn
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Msasani
#13 Posted : Tuesday, July 13, 2010 11:14:49 AM
Rank: Member

Joined: 6/26/2008
Posts: 16
The only constant in Kenyas mobile wars has been MJ. His expertise n passion in mobile telephony has never been in doubt. BUT I highly doubt whether sfcon has anyone one else with anything close to such expertise, passion n guts.
Unfortunately, Indians are experts techies n their passion borders on obsession. Besides, they appear to know which cards 2 play (read portability). Can mpesa b matched?...maybe.. Looks 2 me like its time 4 sfconners to run to the hills.
It will never be biz as usual again.
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2012
#14 Posted : Tuesday, July 13, 2010 11:40:12 AM
Rank: Elder

Joined: 12/9/2009
Posts: 6,592
Location: Nairobi
Competition is good for us and for SCOM. I hope Airtel will bring some real competition too. I don't see Airtel denting SCOM market share much in the short term but if they have their act together it will be very interesting in 5yrs.

BBI will solve it :)
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Modoh
#15 Posted : Tuesday, July 13, 2010 11:40:24 AM
Rank: Member

Joined: 12/9/2008
Posts: 43
no matter what they do,kenyans are very faithful to a network,what MJ terms as peculiar
Msafara wa mamba burukenge hawakosi![/b]
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Wa_ithaka
#16 Posted : Tuesday, July 13, 2010 11:46:58 AM
Rank: Veteran

Joined: 1/7/2010
Posts: 1,279
Location: nbi
How? Safaricom made Ksh15pillion profit for its last financial yr...
The Governor of Nyeri - 2017
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PKoli
#17 Posted : Tuesday, July 13, 2010 12:19:32 PM
Rank: Elder

Joined: 2/10/2007
Posts: 1,587
@VVS
Safcom paid 20 cents dividends and not 5 cents.
I think the mobile landscape is gona change in the next 3 years. Advantage safcom has is its entry in data and its fanatical followers for mpesa. If you want to distabilize them, that is the area to look for. Even when MJ leaves the main shareholder will bring in someone else. I see continuity of safcom.
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MaichBlack
#18 Posted : Tuesday, July 13, 2010 12:35:32 PM
Rank: Elder

Joined: 7/22/2009
Posts: 7,843
VituVingiSana wrote:
2012 wrote:
sparkly wrote:
Airtel is planning to pump SH 12B into kenyan mkt.


Are you serious?!! To SCOM Shs. 12B is like dividend.

At 5cents per share, the dividend paid out was 2.5bn

I guess the question is how much does SCOM make in a year. If it retained all the profits even for two years, can Airtel match that with their 12B? If this becomes an all out war, SCOM wins hands down! The general [MJ] is definitely working on strategies, counter-strategies, plan B, C, D and E etc. But as you correctly pointed out, remove MJ from the equation and the landscape changes.

@All - Imagine this, wild as it may sound. Airtel poaches MJ [Probably makes him the highest paid CEO in the region - by far!]. You'll be lucky to get a buyer for your SCOM shares at 3/= in the short term!
Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
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sparkly
#19 Posted : Tuesday, July 13, 2010 2:10:45 PM
Rank: Elder

Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
MaichBlack wrote:

@All - Imagine this, wild as it may sound. Airtel poaches MJ [Probably makes him the highest paid CEO in the region - by far!]. You'll be lucky to get a buyer for your SCOM shares at 3/= in the short term!


@MM waaai you are giving me nightmares
Life is short. Live passionately.
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guru267
#20 Posted : Tuesday, July 13, 2010 6:14:17 PM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
we kenyans need to stop being so narrow minded.... Do you think safcom being owned by GOK and vodafone has no succession plan which is a basic for good corporate governance?? They've probably been grooming someone for the last 5 years or more.... Just the way they found MJ they can easily find someone better from the 6billion of us human beings....
Mark 12:29
Deuteronomy 4:16
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