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Safaricom FY 2016 results net profit up 19.6%
Rank: Elder Joined: 12/4/2009 Posts: 10,641 Location: NAIROBI
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Bread and butter still remains Voice,Data and Mpesa. If the two other companies focus on grabbing some share from safaricom in the mentioned three segments they will give them a run for their money. Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 7/22/2009 Posts: 7,451
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Swenani wrote:mlennyma wrote:watesh wrote:Finally i can pay with mpesa at the till. I really hated using the phone. So many steps and the waiting periods just makes things awkward true and especially when the people traffic is heavy with some doing it with alot of analog safaricom should be cut to size before it becomes a hegemony in mobile and card payments Oh yee Kenyans!!! Why thou hatest advancement, innovation, progress, growth etc. so?? Why thou vilify the hard workers? Would thee want they to be like KQ, Uchumi and Mumias so that they are not cut to size?? 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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Rank: Elder Joined: 3/2/2009 Posts: 26,325 Location: Masada
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watesh wrote:Finally i can pay with mpesa at the till. I really hated using the phone. So many steps and the waiting periods just makes things awkward How many cards will Kenyans be forced to carry, especially men in our small kibetis/wallets? Mara the: 2 Main bank ATMs (Credit and Debit), 4 supermarkets bonga poits, 2 Fuel cards, 2 health insurance cards (NHIF and UAP), 1 ID card, 1 KCB pepea, 1 Equity beba beba. Why cant Safcom come up with an app where you can use your smart phone in place of the damn additional card? I believe the NFC can be used in this case suing the smart phone. I am against this additional card! Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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MaichBlack wrote:Swenani wrote:mlennyma wrote:watesh wrote:Finally i can pay with mpesa at the till. I really hated using the phone. So many steps and the waiting periods just makes things awkward true and especially when the people traffic is heavy with some doing it with alot of analog safaricom should be cut to size before it becomes a hegemony in mobile and card payments Oh yee Kenyans!!! Why thou hatest advancement, innovation, progress, growth etc. so?? Why thou vilify the hard workers? Would thee want they to be like KQ, Uchumi and Mumias so that they are not cut to size??  possunt quia posse videntur
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Rank: Veteran Joined: 6/23/2011 Posts: 1,740 Location: Nairobi
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I thought I read NFC somewhere in initial announcement , I would be surprised if safcom goes ahead and print another plastics that increases their cost of doing business.
The Wazun-safcom members here please pass the message
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Rank: Elder Joined: 7/21/2010 Posts: 6,176 Location: nairobi
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streetwise wrote:I thought I read NFC somewhere in initial announcement , I would be surprised if safcom goes ahead and print another plastics that increases their cost of doing business.
The Wazun-safcom members here please pass the message
safcoms threat can only be the government change of policies but not another company as things appear in the medium term and even longterm if status quo prevails "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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mlennyma wrote:streetwise wrote:I thought I read NFC somewhere in initial announcement , I would be surprised if safcom goes ahead and print another plastics that increases their cost of doing business.
The Wazun-safcom members here please pass the message
safcoms threat can only be the government change of policies but not another company as things appear in the medium term and even longterm if status quo prevails Spoken like 3 elders The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Elder Joined: 12/4/2009 Posts: 10,641 Location: NAIROBI
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Share price needs a thorough hammering in this bear market Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Chief Joined: 1/3/2007 Posts: 18,060 Location: Nairobi
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Ericsson wrote:Share price needs a thorough hammering in this bear market Agreed! I am a buyer at a lower price!  But the reality is that Safcom is doing quite well and remains a favorite of foreign buyers. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 7/22/2009 Posts: 7,451
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Ericsson wrote:Share price needs a thorough hammering in this bear market Hope as an investment strategy is very dangerous. cc: @Obiero @guru267 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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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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maka wrote:MaichBlack wrote:Swenani wrote:mlennyma wrote:watesh wrote:Finally i can pay with mpesa at the till. I really hated using the phone. So many steps and the waiting periods just makes things awkward true and especially when the people traffic is heavy with some doing it with alot of analog safaricom should be cut to size before it becomes a hegemony in mobile and card payments Oh yee Kenyans!!! Why thou hatest advancement, innovation, progress, growth etc. so?? Why thou vilify the hard workers? Would thee want they to be like KQ, Uchumi and Mumias so that they are not cut to size?? Life is short. Live passionately.
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Rank: Veteran Joined: 4/4/2016 Posts: 1,996 Location: Kitale
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Aguytrying wrote:[quote=mlennyma][quote=streetwise]I thought I read NFC somewhere in initial announcement , I would be surprised if safcom goes ahead and print another plastics that increases their cost of doing business.
The Wazun-safcom members here please pass the message
safcoms threat can only be the government change of policies but not another company as things appear in the medium term and even longterm if status quo prevails[/quote You are right.Kencell,zain,celtel tried but came to nought.Even the current competion from airtell,orange,equitell will not succeed.But even the Gok with 35% shareholding in safaricom,will not plot safcom downfall as it will be like shooting urself. Towards the goal of financial freedom
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Rank: Elder Joined: 12/4/2009 Posts: 10,641 Location: NAIROBI
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@VVS Safaricom @13 is not impossible. With this bear run and cold chills anything is possible. Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 7/21/2010 Posts: 6,176 Location: nairobi
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Ebenyo wrote:Aguytrying wrote:[quote=mlennyma][quote=streetwise]I thought I read NFC somewhere in initial announcement , I would be surprised if safcom goes ahead and print another plastics that increases their cost of doing business.
The Wazun-safcom members here please pass the message
safcoms threat can only be the government change of policies but not another company as things appear in the medium term and even longterm if status quo prevails[/quote You are right.Kencell,zain,celtel tried but came to nought.Even the current competion from airtell,orange,equitell will not succeed.But even the Gok with 35% shareholding in safaricom,will not plot safcom downfall as it will be like shooting urself. it is very wise for the government to consider building telkom to a level near safcom,right now its dangerous for everybody "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Chief Joined: 1/3/2007 Posts: 18,060 Location: Nairobi
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Ericsson wrote:@VVS
Safaricom @13 is not impossible.
With this bear run and cold chills anything is possible. If that happens [ceteris paribus], I will need cash... Anyone in the market for a kidney?  Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Member Joined: 1/1/2010 Posts: 511 Location: kandara, Murang'a
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VituVingiSana wrote:Ericsson wrote:@VVS
Safaricom @13 is not impossible.
With this bear run and cold chills anything is possible. If that happens [ceteris paribus], I will need cash... Anyone in the market for a kidney? Make that both Kidneys and we are 9n Foresight..
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Rank: Elder Joined: 7/21/2010 Posts: 6,176 Location: nairobi
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That demand will break the trading system! !!madness developing "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Veteran Joined: 4/4/2016 Posts: 1,996 Location: Kitale
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mlennyma wrote:That demand will break the trading system! !!madness developing how is the supply? Towards the goal of financial freedom
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Rank: Elder Joined: 7/21/2010 Posts: 6,176 Location: nairobi
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Ebenyo wrote:mlennyma wrote:That demand will break the trading system! !!madness developing how is the supply? diminishing "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Elder Joined: 12/4/2009 Posts: 10,641 Location: NAIROBI
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Price up 40 cents already Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Safaricom FY 2016 results net profit up 19.6%
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