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Goodness!!! Safaricom HY 2011-2012 RESULTS Down 50%
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the deal
#1 Posted : Wednesday, November 09, 2011 3:54:16 PM
Rank: Elder


Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
Safaricom profits be4 tax fall by half to 5.39 B shillings from 10.44 B #Inflation #Telcos |mobile APRU down to 438 M from 456 M - Reuters
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Mainat
#2 Posted : Wednesday, November 09, 2011 3:59:34 PM
Rank: Veteran


Joined: 11/21/2006
Posts: 1,590
50% down! Voice is only down 5% is there must be something else in the tea...
Sehemu ndio nyumba
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Hunderwear
#3 Posted : Wednesday, November 09, 2011 4:02:25 PM
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Joined: 4/14/2011
Posts: 639
the deal wrote:
Safaricom profits be4 tax fall by half to 5.39 B shillings from 10.44 B #Inflation #Telcos |mobile APRU down to 438 M from 456 M - Reuters

uuuii ngai fafa I almost bought today!Ths not true
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FUNKY
#4 Posted : Wednesday, November 09, 2011 4:10:47 PM
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Joined: 4/30/2010
Posts: 1,635
It must be 5 percent down
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mlennyma
#5 Posted : Wednesday, November 09, 2011 4:11:19 PM
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Joined: 7/21/2010
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Location: nairobi
The end of an era.
"Don't let the fear of losing be greater than the excitement of winning."
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the deal
#6 Posted : Wednesday, November 09, 2011 4:17:01 PM
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Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
Link http://af.reuters.com/ar...s/idAFN6E7KT02L20111109 thats when you will see the best analysts in Kenya are on Wazua
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QW25081985
#7 Posted : Wednesday, November 09, 2011 4:17:19 PM
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Joined: 8/29/2011
Posts: 1,045
Location: Mtaani
and you might have though the price would collapse....wapi ???
Now is the time to buy ...i wish i had money
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Ericsson
#8 Posted : Wednesday, November 09, 2011 4:18:30 PM
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Joined: 12/4/2009
Posts: 10,684
Location: NAIROBI
That was expected.Competition is stiff in the telecoms sector.Come end of the year mantle of the most profitable company will be with KCB then Equity and Barclays Bank
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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FUNKY
#9 Posted : Wednesday, November 09, 2011 4:20:57 PM
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Sober
#10 Posted : Wednesday, November 09, 2011 4:23:32 PM
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Joined: 11/27/2007
Posts: 3,604
copy paste
Kenya's largest telecoms operator Safaricom posted a 48.3 percent slide in pretax profit on Wednesday to 5.397 billion shillings ($55.8 million) in its first-half to the end of September.

Figures from the firm, which is partly held by Vodafone , showed a 5.3 percent increase in revenues to 49.628 billion shillings was more than offset by a 22.6 percent jump in operating expenses and a 25.5 percent rise in other costs.
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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Kabird
#11 Posted : Wednesday, November 09, 2011 4:24:06 PM
Rank: New-farer


Joined: 2/6/2011
Posts: 60
This is not good news. This is surely a bear market. Interestingly voice only dropped 5% that is weird considering of the voice price wars.
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mlennyma
#12 Posted : Wednesday, November 09, 2011 4:24:42 PM
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Joined: 7/21/2010
Posts: 6,183
Location: nairobi
This kicks suffering con to number 5 in profitability in kenya.too bad indeed..the whole nse will get a cold.
"Don't let the fear of losing be greater than the excitement of winning."
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Tebes
#13 Posted : Wednesday, November 09, 2011 4:28:10 PM
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Joined: 11/26/2008
Posts: 2,097
Ericsson wrote:
That was expected.Competition is stiff in the telecoms sector.Come end of the year mantle of the most profitable company will be with KCB then Equity and Barclays Bank



Competition is healthy. This company used to declare supernormal profits at a time when the dollar was trading at between 70-75 bob. In the early days one was charged 52/= bob for calling then Kencell and about 28/= for calls within network.They never even used to care, terming their customers humans "with peculiar calling habits". Think their honeymoon has come to an end.
"Never regret, if its good, its wonderful. If its bad, its experience."
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obiero
#14 Posted : Wednesday, November 09, 2011 4:28:14 PM
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Joined: 6/23/2009
Posts: 13,516
Location: nairobi
that news from reuters must be false..

HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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QW25081985
#15 Posted : Wednesday, November 09, 2011 4:29:30 PM
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Joined: 8/29/2011
Posts: 1,045
Location: Mtaani
market round up of Kenya : cnbc

http://www.youtube.com/w...edded&v=9iR5c6xMhGE
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ngapat
#16 Posted : Wednesday, November 09, 2011 4:30:49 PM
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Joined: 12/11/2006
Posts: 884
Safaricom posted a 48.3% slide in pretax profit to Sh5.397billion in its first-half to the end of September
“Invest in yourself. Your career is the engine of your wealth.”
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Tebes
#17 Posted : Wednesday, November 09, 2011 4:33:38 PM
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Joined: 11/26/2008
Posts: 2,097
Things not anymore rosy for this safcom company. I have noted most people calling myself nowdays are using Yu and Airtel.
"Never regret, if its good, its wonderful. If its bad, its experience."
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Barrywhite
#18 Posted : Wednesday, November 09, 2011 4:35:27 PM
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Joined: 12/2/2009
Posts: 286
Location: Nairobi
I agree; nse will be in a coughing bout tomorrow. Time to buy or sell? Depends on your horizon.
The laudable is more often than not rendered laughable by overclaim
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QW25081985
#19 Posted : Wednesday, November 09, 2011 4:40:36 PM
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Joined: 8/29/2011
Posts: 1,045
Location: Mtaani
nse will be as calm a little pond tomorrow . freaked out sellers sold long time ago and on the contrary demand outstripped supply today and guess what price was stable ..if you want to sell just sell.

btw i can bet a whole house on it ...
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Gordon Gekko
#20 Posted : Wednesday, November 09, 2011 4:57:51 PM
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Joined: 5/27/2008
Posts: 3,760
Gosh, and on the day I got a measly dividend through MPesa!! Looks like I will not be getting the SMS in a long time Sad
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