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Goodness!!! Safaricom HY 2011-2012 RESULTS Down 50%
Rank: Veteran Joined: 11/21/2006 Posts: 1,590
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Sober wrote: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. Unhedged foreign loans Sehemu ndio nyumba
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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Maybe these are Safaricom Foundation's numbers 
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Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery
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NEW BLOGPOST: Safaricom H1 2011/12 Profits Fall Sharply http://www.contrarianinv...rofits-fall-sharply.html
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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With all these forex losses that NSE firms are suffering from, can't they employ hedges or better forex traders I like this stone-cold results, a sobering moment for the Mr Market. Wanjiku wont survive here. $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Veteran Joined: 5/18/2008 Posts: 796
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What are you people praising Airtel et al for? In case you missed it, Safaricom voice revenues went down only 5% and total revenues actually went UP 5%... The issue is operating expenses which would have gone up REGARDLESS of Airtel, Yu etc.
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Rank: Elder Joined: 9/15/2006 Posts: 3,905
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An army is hierachical, its autocratic leader instills fear, and many a rival despise its achievements. A social movement is all-inclusive, its leader takes time to build consensus, and goodwill felt on all fronts is welcome. mlennyma wrote:The end of an era. Profitability list reads Eabl, KCB, Equity, BBK then Safaricom. Cde Monomotapa wrote:Maybe these are Safaricom Foundation's numbers The army excels in Execution yet a social movement breeds equality. 50% down and shareholder value elusive; I must wonder, Why 'progress' is so painful?
Is it likely that Vodafone is doing better than Safaricom?
For HY Revenue Up 4%
with EBITDA margin 32%
decline in net profit 3%
interim+special dividend up 7% (for a 7% yield)? Or Vodacom is doing better than Safaricom?
For HY Revenue up 8%
with EBITDA margin of 35%
increase in net profit 3%
interim dividend up 44% (for a 7% yield)
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Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery
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Basically Safaricom at Sh3 is overpriced, fair price is Sh2.30!!
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Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
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the deal wrote:Basically Safaricom at Sh3 is overpriced, fair price is Sh2.30!! I second that.. MPESA is slacking in relation to total revenue.. fair value should be from 1.95-2.25... Then ill buy Mark 12:29
Deuteronomy 4:16
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Rank: Member Joined: 3/24/2010 Posts: 101 Location: Nairobi
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For me this was anticipated. Regardless of the forex, cost of doing business, etc. Safaricom has a problem; Taking its clients for granted and greed. They have the capacity for data, Why is their internet the most expensive in the market, they could have comfortably locked in all the individual data users with a lower data prices and superspeeds thus capitalizing on economies of scale. It also has the highest calling rates in the market; why would anyone with an alternative stick with them????
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Rank: Member Joined: 4/26/2011 Posts: 759
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... A few years ago, I was ask to write a one page analytical report about Safaricom, the report was going to be used by some people to decide whether to invest in Safaricom IPO or not.
... My conclusion then was, Safaricom profitability times were behind and on IPO I concluded that it was going to trade at down to 50% by the close of the trading week. Of course Kenyan investors weren't happy about my analysis because most Kenyan invest in Safaricom because they love the company!
.... Safaricom is like Apple or Google, It is a valued company, it is nolonger in growth phase anymore so if anyone wanna make a retirement investment, Safaricom is the company, if anyone wanna make money, look for growth companies not valued companies. One more thing, Safaricom could infact be overpriced by the market the phenomeno is common for highly branded companies.
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Rank: Elder Joined: 9/29/2006 Posts: 2,570
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Impunity wrote:What is the opposite of stellar?
earthly or rallets! I think you wanted dISMAL. The opposite of courage is not cowardice, it's conformity.
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Rank: Elder Joined: 11/7/2007 Posts: 2,182
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End of an error! LOVE WHAT YOU DO, DO WHAT YOU LOVE.
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Rank: Veteran Joined: 12/9/2010 Posts: 894 Location: Nairobi
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Its a shame that call from other networks are cheaper than within safaricom network. pride comes b4 a fall. I have a feeling the market is not done with this company. Don't wait for the Last Judgment. It happens every day. ~Albert Camus, The Fall, 1956
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Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
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astute wrote:For me this was anticipated. Regardless of the forex, cost of doing business, etc. Safaricom has a problem; Taking its clients for granted and greed. They have the capacity for data, Why is their internet the most expensive in the market, they could have comfortably locked in all the individual data users with a lower data prices and superspeeds thus capitalizing on economies of scale. It also has the highest calling rates in the market; why would anyone with an alternative stick with them???? Very valid points! GOD BLESS YOUR LIFE
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Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
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now trading at a forward p/e of 16.. Damn!!  Mark 12:29
Deuteronomy 4:16
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Rank: Elder Joined: 7/21/2010 Posts: 6,183 Location: nairobi
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Iam a shareholder but safcon internet pushed me to orange which fast and cheaper,safcom needs to re-think but i think kra is still feeling the heat. "Don't let the fear of losing be greater than the excitement of winning."
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Rank: User Joined: 8/29/2011 Posts: 1,045 Location: Mtaani
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you guys really intrigue me its like safcom has been trading in the 6-7 bob now it fallen to 3 bob ..lol.this stock has been bartered with all sort of bad news you ccan imagine but has still held well.
Investors are forward thinking (atleast smart money)and tomorrow we might be surprised when huge demand comes through..
this is one heck of a resilient stock...and thats what i like it for ..
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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Rank: Elder Joined: 7/21/2010 Posts: 6,183 Location: nairobi
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If demand piles tomorrow it can only be described as lunancy,insane,madness. "Don't let the fear of losing be greater than the excitement of winning."
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Goodness!!! Safaricom HY 2011-2012 RESULTS Down 50%
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