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Safaricom Half Year 2010/2011 results review
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guru267
#61 Posted : Thursday, November 11, 2010 3:07:38 PM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
mlennyma wrote:
Before 2h zain will have lifted hands!!game over


Laughing out loudly Liar Laughing out loudly Liar Laughing out loudly Liar Laughing out loudly Liar Laughing out loudly Liar Laughing out loudly

NAIVETY AT ITS BEST!!!!
Mark 12:29
Deuteronomy 4:16
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wangugi
#62 Posted : Thursday, November 11, 2010 3:21:44 PM
Rank: New-farer

Joined: 10/5/2010
Posts: 23
selah wrote:
safaricom supplied 400,000 smart fones in H1
2282 base station 36% (829)data active ,intends it to grow to 50% ,165 wimax sites.

I think with such infrastructure and enhancement of its m-pesa and retail chain we havnt seen nothing yet.


even with all these improvements, SCOM's full year profit will at best be flat, if the price war continue.
Voice contributed 69% (32.5 bn) of revenue. with the reduction in price from an average of shs 8 to shs 3, expect revenue from voice to decline by more than 50% in the second half. this means that revenue from voice in H2 will be aprox 17 bn. assuming revenue from other sources doubles from the current 14.7 bn to 29 bn, then h2 total revenue will be 46 bn thus the full year revenue will be 93 bn, which is a 12% growth in revenue(2009=83 bn),expenses will on be 73bn (H1 total expenses times two) resulting to a 20B PBT.(same as last yr)
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mwanahisa
#63 Posted : Thursday, November 11, 2010 4:38:25 PM
Rank: Elder

Joined: 6/2/2008
Posts: 1,438
@Wangugi. I like your "back of the envelope" analysis. If it were to turn out that way, I would actually consider it a "good" performance. I think it is rather optimistic and I note your use of the phrase "will at best be flat". Flat for SCOM in the current year would be applauded by many!
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kanda
#64 Posted : Thursday, November 11, 2010 6:58:56 PM
Rank: Member

Joined: 3/10/2008
Posts: 68
VituVingiSana wrote:
You know Safaricom is making these profits off you... LOL... I have no Safaricom shares thus I can't be bothered except hoping Zain-Airtel keep up the price war so I enjoy more shillings in my pocket...


Thank you!! thank you!!

why cant ppl see beyond zain vs. safcon???

i can understand if one holds the share...(i dumped mine last month lol)

...but look out for 2nd half and beyond.

lets give zain the credit for removing the yoke from our necks...pls note that i still use my safcon line to call my safcon buddies, but had zain went ahead and reduced on-net to 2 bob, i d have dumbed the safcon line altogether. i.e. i have zero brand loyalty - as we all should!!
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kanda
#65 Posted : Thursday, November 11, 2010 7:03:20 PM
Rank: Member

Joined: 3/10/2008
Posts: 68
muganda wrote:
@VVS agreed and Zain is making losses by paying for our calls.

Prices in Kenya have been slashed to such an extent that Safaricom Ltd. Chief Executive Officer Bob Collymore said India’s Bharti, which bought most of Zain’s African operations last year for $9 billion, is losing money on as much as 50 percent of its voice traffic.
http://www.bloomberg.com...as-call-rates-drop.html


kweli safcon is now a cult!!...yaani you are prrepared to set aside your intelligence by beliving what bob says about zain...puhliiiiz! its like believing what charity says about mwangi, lol
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kanda
#66 Posted : Thursday, November 11, 2010 7:10:22 PM
Rank: Member

Joined: 3/10/2008
Posts: 68
mwanahisa wrote:
We stand to gain a lot more as investors than as customers, and the company we can invest is Safaricom.


that is not true!! just because you feel that way doesnt make it true. do the math first! i think what you mean to say is that you are afraid of losing money coz of your heavy investment in an unsustainable business
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sheep
#67 Posted : Thursday, November 11, 2010 7:13:00 PM
Rank: Veteran

Joined: 7/24/2008
Posts: 781
The main problem is that data has grown by double and not triple digits....what if the supernormal growth in data tapers off?
The utimate goal of investing is to buy low sell high;if we re-write this core equation in psychology terms it becomes buy fear sell greed.
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guru267
#68 Posted : Thursday, November 11, 2010 7:39:51 PM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
kanda wrote:
muganda wrote:
@VVS agreed and Zain is making losses by paying for our calls.

Prices in Kenya have been slashed to such an extent that Safaricom Ltd. Chief Executive Officer Bob Collymore said India’s Bharti, which bought most of Zain’s African operations last year for $9 billion, is losing money on as much as 50 percent of its voice traffic.
http://www.bloomberg.com...as-call-rates-drop.html


kweli safcon is now a cult!!...yaani you are prrepared to set aside your intelligence by beliving what bob says about zain...puhliiiiz! its like believing what charity says about mwangi, lol


@kanda Applause

Guys are literally blindly supporting safcom.. It must be their new ad on TV
Mark 12:29
Deuteronomy 4:16
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DtheK
#69 Posted : Thursday, November 11, 2010 7:55:42 PM
Rank: Member

Joined: 2/15/2010
Posts: 166
Location: Kenya
People should accept that the days of super profits for safcon are over,plus in the not so distant future,when basic smart phones(e.g huawei) go for 4k people will start using skype-like apps to make phone calls,this in light of the fact that data prices are only bound to fall.

If right now you can get an unlimited data plan of 3,000 in a market of 4 players(not including the ISPs although they can cause compe by establishing hot spots then charging people something small to access it through your phone's wifi),think how much it'll be next year

In short celco's will become ISPs

My advice sell safcom,get out of your comfort zone(nse) look for a startup with a solid plan to make money from the cheap bandwidth and invest there.
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VituVingiSana
#70 Posted : Thursday, November 11, 2010 9:12:34 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,350
Location: Nairobi
I love needling the SafCon investors... LOL... I sold mine off ages ago... I even told folks when I sold...

I use Zain solely coz of 'price'... I had a Yu line [it was the cheapest] but when 3/- came out... I moved...
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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