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Safaricom HY2013 Profit before tax up 113%
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murchr
#431 Posted : Friday, July 19, 2013 6:15:45 PM
Rank: Elder

Joined: 2/26/2012
Posts: 15,980
Kenya's biggest telecoms operator, Safaricom, has extended the contract of its chief executive officer Bob Collymore by two years, the CEO told Reuters on Friday.
"There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
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murchr
#432 Posted : Monday, July 22, 2013 9:20:33 AM
Rank: Elder

Joined: 2/26/2012
Posts: 15,980
Safaricom wins surcharge against yu
"There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
.
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dunkang
#433 Posted : Tuesday, July 23, 2013 7:05:01 AM
Rank: Elder

Joined: 6/2/2011
Posts: 4,824
Location: -1.2107, 36.8831
murchr wrote:
Safaricom wins surcharge against yu


Are we seeing the last days of yu as a telco in Kenya. Safcom has decided to just go for the jugular.
Quote:
The High Court gave Safaricom the right to
charge the operator an interest of three per cent
above that charged by top banks — KCB, Standard Chartered Bank and Barclays — if fees are not paid 15 days after the end of a quarter.
.
.
The court ruling comes when Essar, the operator o the Yu brand, is locked in court cases over late payment to suppliers, underlining its cash flow problems.
Receive with simplicity everything that happens to you.” ― Rashi

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hisah
#434 Posted : Wednesday, July 24, 2013 10:30:36 AM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
hisah wrote:
Still respecting the 7.55 2013 high. Likely scenario is an inverse H&S pattern to play out before breaking above the resistance. Levels 7.00 and consolidate then pressure upwards.



7/- objective met. Let's see how Mr Market resolves this congestion...

Inverse H&S still in play.


$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Mukiri
#435 Posted : Wednesday, July 24, 2013 2:11:32 PM
Rank: Elder

Joined: 7/11/2012
Posts: 5,222
@Hisah, What was your entry level?

Proverbs 19:21
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hisah
#436 Posted : Wednesday, July 24, 2013 2:26:29 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
Mukiri wrote:
@Hisah, What was your entry level?

avg is 3.20. Above 5.80 it got expensive for me. Just watching from a distance until the H1 results check in.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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selah
#437 Posted : Wednesday, July 24, 2013 2:36:13 PM
Rank: Elder

Joined: 10/13/2009
Posts: 1,950
Location: in kenya
The last time I checked Safaricom gets approx 37% from Mpesa profits now since Mshwari use the Mpesa platform will the % increase or how do Safaricom benefit from this arrangement.

H1 result will greatly depend with how the Mshwari revenue share is structured.If safaricom gets a small % from the interest then it might improve its profit margin...but if the winnings are shared btwn CBA & Mpesa H1 results will not be that impressive.

Last year Safaricom Increased their Voice & Mpesa rates which greatly improved their performance this year it is different...sections of the press quoted the CEO complaining about the drop in mobile money transfers due to the New tax.

IMO I think H1 results will not be that Impressive.

'......to the acknowledgment of the mystery of God, and of the Father, and of Christ; 3 In whom are hid all the treasures of wisdom and knowledge.' Colossians 2:2-3
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Mukiri
#438 Posted : Wednesday, July 24, 2013 3:30:57 PM
Rank: Elder

Joined: 7/11/2012
Posts: 5,222
hisah wrote:
Mukiri wrote:
@Hisah, What was your entry level?

avg is 3.20. Above 5.80 it got expensive for me. Just watching from a distance until the H1 results check in.

Wah! 150% and counting.. this is how billionares are made

Proverbs 19:21
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mwekez@ji
#439 Posted : Friday, July 26, 2013 5:46:40 PM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
SafariBull beware

After the close of the session today, the regulator disclosed that the telco will be required to pay USD 27m (KES 2.3b) by 30 June 2014. This is the renewal fee after the 10 year license expires and is equivalent to the fee paid by Essar Telecommunications Kenya, the latest entrant in the market. This will be the renewal fee for all GSM Mobile operators’ licenses. Having met most of the other license obligations, the renewal of the license will be subject to Safaricom meeting set minimum quality of service standards. (sib, business daily)
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mkeiyd
#440 Posted : Friday, July 26, 2013 6:56:12 PM
Rank: Veteran

Joined: 3/26/2012
Posts: 1,182
hisah wrote:
Mukiri wrote:
@Hisah, What was your entry level?

avg is 3.20. Above 5.80 it got expensive for me. Just watching from a distance until the H1 results check in.

Safcom is @hisah's stock.
#EverBeatingTheDrumsUp
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