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Safaricom FY 2012-2013 results PBT up 47%
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The optimist
#21 Posted : Tuesday, May 14, 2013 9:49:52 AM
Rank: Member

Joined: 6/14/2010
Posts: 521
Location: Nairobi
Ericsson wrote:
Safaricom is now trading at a P/E of 16,EABL at a P/E of 22.
That is very high.
Equity Bank and KCB are trading at P/E of about 10.
Now imagine if KCB and Equity were trading at similar P/Es to Safaricom and EABL what their share price would have been.
@VituVingiSana;I concur with you look elsewhere at counters with PERs of less than 10 and with potential for growth in the future.


@Ericsson @VV Which counters would you suggest for now
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dunkang
#22 Posted : Tuesday, May 14, 2013 10:01:26 AM
Rank: Elder

Joined: 6/2/2011
Posts: 4,824
Location: -1.2107, 36.8831
Ericsson wrote:
Safaricom is now trading at a P/E of 16,EABL at a P/E of 22.
That is very high.
Equity Bank and KCB are trading at P/E of about 10.
Now imagine if KCB and Equity were trading at similar P/Es to Safaricom and EABL what their share price would have been.
@VituVingiSana;I concur with you look elsewhere at counters with PERs of less than 10 and with potential for growth in the future.

to the best of my knowledge, its not wise to compare P/E of firms in different sectors.
Receive with simplicity everything that happens to you.” ― Rashi

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tuvok
#23 Posted : Tuesday, May 14, 2013 10:16:17 AM
Rank: Member

Joined: 5/2/2007
Posts: 536
dunkang wrote:
Ericsson wrote:
Safaricom is now trading at a P/E of 16,EABL at a P/E of 22.
That is very high.
Equity Bank and KCB are trading at P/E of about 10.
Now imagine if KCB and Equity were trading at similar P/Es to Safaricom and EABL what their share price would have been.
@VituVingiSana;I concur with you look elsewhere at counters with PERs of less than 10 and with potential for growth in the future.

to the best of my knowledge, its not wise to compare P/E of firms in different sectors.


True. High Tech companies tend to have higher P/Es than say banks.
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Sufficiently Philanga....thropic
#24 Posted : Tuesday, May 14, 2013 10:16:46 AM
Rank: Elder

Joined: 9/23/2010
Posts: 2,225
Location: Sundowner,Amboseli
Ignore Scom and you surely will lose out.
Those comparing PEs of growth stocks with those of Div stocks are missing the point.
@SufficientlyP
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hisah
#25 Posted : Tuesday, May 14, 2013 10:22:57 AM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
Sufficiently Philanga....thropic wrote:
Ignore Scom and you surely will lose out.
Those comparing PEs of growth stocks with those of Div stocks are missing the point.

I foresee this thing trading back at PER above 20 which means price will scale past 8.80.

Waiting to see those all time highs. EABL also looks poised to test 400. These 2 are on foreigners bid barrels.

$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Ericsson
#26 Posted : Tuesday, May 14, 2013 10:24:38 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,808
Location: NAIROBI
@Sufficiently Philanga....thropic;Murphys Law;what goes up must come down.
Safaricom price will come down and we will buy into it.
Nobody has said ignore safcom;what is being said is that for now the room for making huge gains in scom is low as compared to a promising stock with the qualities mentioned by VituVingiSana
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Sufficiently Philanga....thropic
#27 Posted : Tuesday, May 14, 2013 10:45:53 AM
Rank: Elder

Joined: 9/23/2010
Posts: 2,225
Location: Sundowner,Amboseli
Ericsson wrote:
@Sufficiently Philanga....thropic;Murphys Law;what goes up must come down.
Safaricom price will come down and we will buy into it.
Nobody has said ignore safcom;what is being said is that for now the room for making huge gains in scom is low as compared to a promising stock with the qualities mentioned by VituVingiSana

Hope you got my point.
@SufficientlyP
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Sufficiently Philanga....thropic
#28 Posted : Tuesday, May 14, 2013 10:49:57 AM
Rank: Elder

Joined: 9/23/2010
Posts: 2,225
Location: Sundowner,Amboseli
hisah wrote:
Sufficiently Philanga....thropic wrote:
Ignore Scom and you surely will lose out.
Those comparing PEs of growth stocks with those of Div stocks are missing the point.

I foresee this thing trading back at PER above 20 which means price will scale past 8.80.

Waiting to see those all time highs. EABL also looks poised to test 400. These 2 are on foreigners bid barrels.


Interesting times.
Those still waiting for PEs to fall sub 10, all the best. This is the year of Jubilee. You will wait for a while,while we.......
#makingmoney2013
@SufficientlyP
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hisah
#29 Posted : Tuesday, May 14, 2013 10:53:53 AM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
Bob had estimated revenues would clock 12% when he released the H1 results back in Nov 2012 - http://www.reuters.com/a...s-idUSL5E8M8D1P20121108

Revenues rose by 13% for the full year.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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muganda
#30 Posted : Tuesday, May 14, 2013 10:58:53 AM
Rank: Elder

Joined: 9/15/2006
Posts: 3,907
Maybe the foreigners, who definitely drive the moves in SCOM, are still asleep. I noted key financial media picked up on news of the results almost instantly.

Bids 1,354,000 @ 7.10
Offers 4,640,900 @ 7.15

Avg Price today and Last trade @ 7.10

Is Safaricom now the first company giving earnings guidance in the NSE? I even saw a slide of projected FCF for next financial year showing 10% increase
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