So are all the other companies that are making profits..................

where else would safaricom be making profits if its not off us.Safaricom is a commercial enterprise which must make money by offering solutions to its subscribers so as an investor in that company all am interested in is how the company is making money and if its competitive enough in this market hiyo mambo ati its fleecing/conning its customers is hot air unless it affects the bottom line.

VVS,
Man you overhype this fact that you don't use nor own safcom shares, can't you comment something different on safcom!!!

@my 2 cents I wonder why there is no reaction from the share price??

Plus safcom like the banks has exactly the same activities in H1 and H2 and hence they CAN be compared...

So a fall in profits in H1 in comparison to last years H2 is definitely something to note but that's only if you're open minded...

AND GUYS PRICE WARS WENT ON ONLY FOR 1 MONTH FOR THE REVIEWED PERIOD...

You will notice that for most counters H2 results are usually better than H1 and therefore more comparable to prior H2 figures.

Equity announced a whopping 56% jump in profits, what did the market do the next day? Pricess headed south. Mr. Market is manic depressive...he is not always rational.

Forget what the business sch. profs say about efficient market theory. It is all bullcrap.

@VVS, the Kshs. in you pocket now may belong to you but next year and years to come it will buy less and less, so better get it invested.

I have been shying away from Safcom, partly because I do not expect its share price to move up, because of the all the battles that have been going on. I use Safom along with all the other providers, although I barely use Zain, which for me is currently the most expensive provider. Kudos to them for bringing down the price, but that is as far as it goes. BTW, they had indicated that they would match each of Safcom's moves, but they have been unable to.

Now, as a customer of Safcom, I do not mind lower charges. But as a potential investor, if Safcom was to make ever greater profits, I stand to make a lot more money from my investment than the saving I get from lower call charges. Now, I can easily invest in Safcom since it is listed on the NSE. I cannot invest as easily in Bharti. I believe that is the crux of the matter. Most contributors on Wazua are investors and/or speculators. We stand to gain a lot more as investors than as customers, and the company we can invest is Safaricom. Little wonder why there is a lot of vitriol directed at Zain.

The bottomline is that even when I have no investment in a particular company, but that company has some bearing (like Safraicom does) on my other investments, I am afraid I have to care!

I am happy if safcom makes profits just that I worry if we are forced to go back to paying 12/- to call off-net.

As for KK, even I will use Total or Shell [I don't use independents coz I fear adulteration of fuel] if they are cheaper!

Bottomline: I value my 100/- more than Safcon's 10bn (or KK's 1bn) coz the 100/- is all MINE...

VVS:Its good to know you like profits. Businesses are for making profits otherwise they go out of business.

As for me, I actually buy where I invest regardless of cheap alternatives eg. I buy fuel at KK or Total, sugar from MSC only, bank in KCB and BBK only,buy unga from Unga Ltd etc. But that's just me!

Where is the balance? As customers of these comm companies we want competition to be there coz it benefits the customer. But, it seems like standing from an investor's point of view we want to chase safcon competitors out of town in order to get greater ROIs. So again l ask where is the balance?

Ngoja 2H