wazua Wed, Mar 18, 2026
Welcome Guest Search | Active Topics | Log In

5 Pages<12345>
SportPesa IPO
Options
Previous Topic · Next Topic
Mike Ock
#31 Posted : Thursday, October 18, 2018 2:30:26 PM
Rank: Member

Joined: 1/22/2015
Posts: 682
Sports betting is not as lucrative as people think. The loss rate is the lowest out of any form of gambling. But maybe with the way sportpesa has turned people on to multibets which add risk to the gambler, their margins may be higher than usual.
Back to top
WWW
  |
cyruskulei
#32 Posted : Thursday, October 18, 2018 3:15:52 PM
Rank: Member

Joined: 3/9/2010
Posts: 320
Location: kenya
Anyone who could know where one can buy this company OTC. inbox me on cyruskulei@yahoo.com
Work hard at your job and you can make a living. Work hard on yourself and you can make a fortune.
Back to top
  |
FRM2011
#33 Posted : Thursday, October 18, 2018 3:30:37 PM
Rank: Elder

Joined: 11/5/2010
Posts: 2,459
We really like throwing figures around.

100B in revenues ? 300M per day ?? That would make them the second largest company in Kenya.

I usually fact-check such claims inthe a very simple manner.

From my circle of say 10 people, how many are their customers ?

KRA collects 15% of gross revenue. Was 35% before 18/19 budget. If above figures are true, then this would be KRA's top cash cow.
Back to top
  |
Superprime1
#34 Posted : Thursday, October 18, 2018 3:55:46 PM
Rank: Member

Joined: 5/2/2018
Posts: 267
I would bet on the company itself; much less risk than placing bets on its platforms!smile

But, like someone noted earlier, these 'birrionaires' would not gift Wanjiku free money; they'd only bring it to you when they know it's on its death-bed.d'oh!
Back to top
  |
Lolest!
#35 Posted : Thursday, October 18, 2018 3:57:33 PM
Rank: Elder

Joined: 3/18/2011
Posts: 12,069
Location: Kianjokoma
FRM2011 wrote:
We really like throwing figures around.

100B in revenues ? 300M per day ?? That would make them the second largest company in Kenya.

I usually fact-check such claims inthe a very simple manner.

From my circle of say 10 people, how many are their customers ?

KRA collects 15% of gross revenue. Was 35% before 18/19 budget. If above figures are true, then this would be KRA's top cash cow.


If your circle does not include watchie,dere,gardener, car wash guy, junior accountant etc it is an invalid sample
Laughing out loudly smile Applause d'oh! Sad Drool Liar Shame on you Pray
Back to top
  |
Chaka
#36 Posted : Thursday, October 18, 2018 4:05:46 PM
Rank: Elder

Joined: 2/16/2007
Posts: 2,114
Does Safcom make money via Sportpesa paybill 955100?
the deal wrote:
Angelica _ann wrote:
What does sportpesa own apart for the 'service' which is even not guaranteed/sio lazima watu wabet (unlike safcom whose service(s) are tangible? Hapa munachezwo my frens.


It's a viable business... Sportspesa is equivalent to Safaricom in terms of brand power...

Remember the odds are set in such a way that the house always wins...


Betting has been around for centuries...


We need companies like Sportpesa at the NSE...


It's Kenyas biggest success story after Mpesa...

Back to top
  |
mulla
#37 Posted : Thursday, October 18, 2018 4:47:34 PM
Rank: Member

Joined: 6/15/2013
Posts: 301
Mike Ock wrote:
Sports betting is not as lucrative as people think. The loss rate is the lowest out of any form of gambling. But maybe with the way sportpesa has turned people on to multibets which add risk to the gambler, their margins may be higher than usual.


It would be nice to see their financials....though I once heard Karuri say its not as rosy as people may think as they deal with alot of small payouts - whether that statement is true or it's PR - to downplay their profits to the public - can only be judged by their financials.
Back to top
  |
ombaalbt
#38 Posted : Thursday, October 18, 2018 5:29:11 PM
Rank: New-farer

Joined: 5/19/2014
Posts: 68
Location: Migori
Yes. They have the standard paybill charges. Depositing a mere 9bob costs you as much as 3b0b for instance

Chaka wrote:
Does Safcom make money via Sportpesa paybill 955100?
the deal wrote:
Angelica _ann wrote:
What does sportpesa own apart for the 'service' which is even not guaranteed/sio lazima watu wabet (unlike safcom whose service(s) are tangible? Hapa munachezwo my frens.


It's a viable business... Sportspesa is equivalent to Safaricom in terms of brand power...

Remember the odds are set in such a way that the house always wins...


Betting has been around for centuries...


We need companies like Sportpesa at the NSE...


It's Kenyas biggest success story after Mpesa...


Learning to sit on my hands
Back to top
  |
1masha
#39 Posted : Thursday, October 18, 2018 6:49:24 PM
Rank: New-farer

Joined: 2/28/2014
Posts: 42
Lolest! wrote:
Thitifini wrote:
Swenani wrote:
Pesa Nane wrote:
Angelica _ann wrote:
Mature business, time to rope Wanjiku in and scatter like #Amanya. cc. HAFR smile

How quickly we forget. Anyone remember Bonanza Win? Carl Esprey? Atlas Africa??? All the best. I pass.


Wazuans are suspicious of everything-Sportpesa,horton,penis enlargement adverts, cytonn, Mugundaman, kate mbarire, FEP, economy etc. How do you guys make money and enlarge your penises?


Laughing out loudly

Laughing out loudly Laughing out loudly I don't think IF Sportpesa was to list it would be a nyani. But trust me, these guys know how the future is likely to pan out hence would obviously want to sell their stake earlier. If you buy at IPO, exit early.

On the other hand, they were to expand into many African countries. Don't know how far their plans have gone.


There is a high chance their future will get worse
Good judgement is often the result of experience. Experience is often the result of bad judgement - Mark Twain.
Back to top
  |
Mujiza
#40 Posted : Thursday, October 18, 2018 9:13:32 PM
Rank: New-farer

Joined: 9/1/2018
Posts: 19
Location: Kampala
[quote=hardwood]Sportpesa denies IPO rumours. Says it's fake news.

https://www.standardmedi...ares-says-sportpesa-ceo[/quote]
They deliberately leak the idea to gauge public reception and if found unfavourable then shelf it as they work on their reputation.
Back to top
  |
hardwood
#41 Posted : Thursday, October 18, 2018 9:54:39 PM
Rank: Elder

Joined: 7/28/2015
Posts: 9,562
Location: Rodi Kopany, Homa Bay
Mujiza wrote:
hardwood wrote:
Sportpesa denies IPO rumours. Says it's fake news.

https://www.standardmedi...ares-says-sportpesa-ceo

They deliberately leak the idea to gauge public reception and if found unfavourable then shelf it as they work on their reputation.

And that's a smart move.
Back to top
  |
Mike Ock
#42 Posted : Friday, October 19, 2018 10:38:54 AM
Rank: Member

Joined: 1/22/2015
Posts: 682
mulla wrote:
Mike Ock wrote:
Sports betting is not as lucrative as people think. The loss rate is the lowest out of any form of gambling. But maybe with the way sportpesa has turned people on to multibets which add risk to the gambler, their margins may be higher than usual.


It would be nice to see their financials....though I once heard Karuri say its not as rosy as people may think as they deal with alot of small payouts - whether that statement is true or it's PR - to downplay their profits to the public - can only be judged by their financials.


I'm expecting gross margins of in and around 20%. I also highly doubt the 100b revenue figure. Kina bwin and Paddy Power make such figures and they deal with punters who bet hundreds of pounds compared to the average Kenyan punter who bets hundreds of shillings. I'm expecting revenue of between 10 and 30 billion, with growth declining sharply due to competition.
Back to top
WWW
  |
Lolest!
#43 Posted : Friday, October 19, 2018 11:25:41 AM
Rank: Elder

Joined: 3/18/2011
Posts: 12,069
Location: Kianjokoma
1masha wrote:

There is a high chance their future will get worse

Yes. It will. Which is why a while back they were planning on venturing into other countries where betting isn't as muddied
Laughing out loudly smile Applause d'oh! Sad Drool Liar Shame on you Pray
Back to top
  |
Pesa Nane
#44 Posted : Friday, October 19, 2018 12:14:35 PM
Rank: Elder

Joined: 5/25/2012
Posts: 4,105
Location: 08c
Mike Ock wrote:
mulla wrote:
Mike Ock wrote:
Sports betting is not as lucrative as people think. The loss rate is the lowest out of any form of gambling. But maybe with the way sportpesa has turned people on to multibets which add risk to the gambler, their margins may be higher than usual.


It would be nice to see their financials....though I once heard Karuri say its not as rosy as people may think as they deal with alot of small payouts - whether that statement is true or it's PR - to downplay their profits to the public - can only be judged by their financials.


I'm expecting gross margins of in and around 20%. I also highly doubt the 100b revenue figure. Kina bwin and Paddy Power make such figures and they deal with punters who bet hundreds of pounds compared to the average Kenyan punter who bets hundreds of shillings. I'm expecting revenue of between 10 and 30 billion, with growth declining sharply due to competition.

Do a quick guess who will be your competitor (re: HAFR, URITHI and EKEZA models)
Pesa Nane plans to be shilingi when he grows up.
Back to top
  |
the deal
#45 Posted : Friday, October 19, 2018 5:18:06 PM
Rank: Elder

Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
Back to top
  |
5 Pages<12345>
Forum Jump  
You cannot post new topics in this forum.
You cannot reply to topics in this forum.
You cannot delete your posts in this forum.
You cannot edit your posts in this forum.
You cannot create polls in this forum.
You cannot vote in polls in this forum.

Wazua Investor Theme
Powered by YAF | YAF © 2003-2009, Yet Another Forum.NET
Copyright © 2026 Wazua.co.ke. All Rights Reserved.