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Goodness!!! Safaricom HY 2011-2012 RESULTS Down 50%
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youcan'tstopusnow
#31 Posted : Wednesday, November 09, 2011 5:43:49 PM
Rank: Chief

Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
Jamani, I know you understand the telecom biz very well. Your thoughts?
GOD BLESS YOUR LIFE
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iMANI
#32 Posted : Wednesday, November 09, 2011 5:49:40 PM
Rank: Member

Joined: 2/20/2008
Posts: 84

data and mpesa are going to be the key drivers going forward...with the latter up by nearly 50% and contributing up to 15% of total revenue
Life and beer are very similar........chill for best results.
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Impunity
#33 Posted : Wednesday, November 09, 2011 5:53:21 PM
Rank: Elder

Joined: 3/2/2009
Posts: 26,331
Location: Masada
What is the opposite of stellar?
Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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VituVingiSana
#34 Posted : Wednesday, November 09, 2011 6:17:00 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,346
Location: Nairobi
Why are folks surprised about Safcom?

1) Cheaper to call Airtel to Safcom than Safcom-Safcom
2) Data grew but others are (slowly) improving
3) Forex losses. Well, all firms with net$/FX liabilities are crying
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Cde Monomotapa
#35 Posted : Wednesday, November 09, 2011 6:19:14 PM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
obiero wrote:
that news from reuters must be false..

Laughing out loudly Laughing out loudly utalijua jiji bro.
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Sober
#36 Posted : Wednesday, November 09, 2011 6:22:32 PM
Rank: Elder

Joined: 11/27/2007
Posts: 3,604
Losses from unrealised forex as a whooping 1.3 billion! This is pretty high, even if Zain or rather Airtel was listed and had to make public the results i bet they too wouldnt be smiling.
African parents don't know how to say sorry.. the closest you will get to a sorry is a 'have you eaten'
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sparkly
#37 Posted : Wednesday, November 09, 2011 6:23:01 PM
Rank: Elder

Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
youcan'tstopusnow wrote:
"Operating expenses surged 22.6 per cent to Sh26.5 billion from 21.6 billion driven by weak shilling and high inflation. Losses from unrealised foreign exchange stood at Sh1.3 billion"

The shilling: First ARM, now Safaricom,next...
It will strike gain!

I wonder how the other operators are faring. Looks like Airtel just wanted to crash the party.
Life is short. Live passionately.
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sparkly
#38 Posted : Wednesday, November 09, 2011 6:24:32 PM
Rank: Elder

Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
Die, Airtel die, die (stabbing motion)
Life is short. Live passionately.
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Cde Monomotapa
#39 Posted : Wednesday, November 09, 2011 6:24:53 PM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
Discount cash & carry smile
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GGK
#40 Posted : Wednesday, November 09, 2011 6:28:59 PM
Rank: Member

Joined: 11/21/2006
Posts: 608
Location: Ruiru
Cde Monomotapa wrote:
obiero wrote:
that news from reuters must be false..

Laughing out loudly Laughing out loudly utalijua jiji bro.


See it here from Business Daily if you trust local more
http://www.businessdaily...4/-/s9381i/-/index.html
"..I am because we are. "― Ubuntu, Umtu,
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