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Goodness!!! Safaricom HY 2011-2012 RESULTS Down 50%
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Sober
#21 Posted : Wednesday, November 09, 2011 4:58:15 PM
Rank: Elder


Joined: 11/27/2007
Posts: 3,604
Barrywhite wrote:
I agree; nse will be in a coughing bout tomorrow. Time to buy or sell? Depends on your horizon.


they released the numbers after market closing to avoid it being chocked. Tomorow is the D-day.
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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mlennyma
#22 Posted : Wednesday, November 09, 2011 5:03:20 PM
Rank: Elder


Joined: 7/21/2010
Posts: 6,183
Location: nairobi
Its not foolsday,make use of pain killers,the profitability list reads eabl,kcb,equity,bbk and safcom.
"Don't let the fear of losing be greater than the excitement of winning."
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2012
#23 Posted : Wednesday, November 09, 2011 5:04:59 PM
Rank: Elder


Joined: 12/9/2009
Posts: 6,592
Location: Nairobi
What's Aly Khan saying now? I thought the impression he created was mpesa is making more than Western Union so I was expecting close to what WU makes worldwide, bout $5B.

Anyway, I think this is good. We can now get in at 2bob. smile

BBI will solve it :)
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mlennyma
#24 Posted : Wednesday, November 09, 2011 5:13:02 PM
Rank: Elder


Joined: 7/21/2010
Posts: 6,183
Location: nairobi
I dont understand,voice accounts for over 60% revenue and has fallen only 5%..now how does 50% drop come in if not unnecessary expenses and sponserings?
"Don't let the fear of losing be greater than the excitement of winning."
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FUNKY
#25 Posted : Wednesday, November 09, 2011 5:13:21 PM
Rank: Veteran


Joined: 4/30/2010
Posts: 1,635
M-pesa and data could not save safaricom.
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simonkabz
#26 Posted : Wednesday, November 09, 2011 5:16:05 PM
Rank: Elder


Joined: 3/2/2007
Posts: 8,776
Location: Cameroon
Hahahahaa sweet music in my ears after what I went thr jana! And the absurd calling rates.
TULIA.........UFUNZWE!
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sorovi
#27 Posted : Wednesday, November 09, 2011 5:21:25 PM
Rank: Member


Joined: 8/3/2007
Posts: 146
Michael was very wise to have left at that time.. now Bob will take all the blame.. Though did safaricom have a choice? Airtel must be celebrating!!!
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GGK
#28 Posted : Wednesday, November 09, 2011 5:29:40 PM
Rank: Member


Joined: 11/21/2006
Posts: 608
Location: Ruiru
Exploitation era is over?
"..I am because we are. "― Ubuntu, Umtu,
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iMANI
#29 Posted : Wednesday, November 09, 2011 5:31:28 PM
Rank: Member


Joined: 2/20/2008
Posts: 84

decline in profit by 48.3% mainly due to:

a. operating expenses up by 22.6%
b. selling & admin expenses up by 25.5%
c. net financing costs up by 33.2%

Life and beer are very similar........chill for best results.
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youcan'tstopusnow
#30 Posted : Wednesday, November 09, 2011 5:34:51 PM
Rank: Chief


Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
"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!
GOD BLESS YOUR LIFE
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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: 26,328
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: 18,103
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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