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Safaricom Investment Cooperative
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Pirate
#311 Posted : Wednesday, February 10, 2016 9:00:32 AM
Rank: Member

Joined: 4/4/2007
Posts: 91
murchr wrote:
Pirate wrote:
enyands wrote:
murchr wrote:
Pirate wrote:
murchr wrote:
Pirate wrote:
enyands wrote:
BGL wrote:
Pirate wrote:
Any projections for this years performance ? Last year they did 27%


25%


Any reason for the drop


On the contrary , Year 2014 they made 27% out of which 25% was rebates . Year 2015 they have made 29 % of which rebates are proposed to be 25% .

Share capital increased from about 0.8B to 1.3B during the same period hence profit dilution. If share capital remained constant ,they would have made 47% returns


Do they have a target?


Yes. 1.5B and lock the shares. However I have a feeling they may revise this during the AGM.



Thanks a bunch....I have seen they have launched the online trading platform EXCELLENT not logged in yet but this is a good move Applause Applause


I think there is a someone there who has the balls to think outside the box.these are the think tanks that most companies need . Kudos to him. Just checked the online platform and I'm impressed .


I would like to indulge your thoughts on the following analysis:
Current Share Capital : 1.28B
Proposed Rebates : 322Mil
Split btw Cash/Ploughback div - 30/70 ( Assumption)
Ploughed back div : 225Mil (converted into shares)
New share capital post AGM 1.28+0.22= 1.5B !

So my questions are:
1. Whats the likely scenario if they shares are locked
2. Share price post AGM will be 420 ( 25% revision upwards as per last AGM resolution). Is it preferable to let demand and supply regulate the price or should it remain fixed ?




My thoughts

1. They will increase the share capital to 2B

2. They will keep as is. No stakeholder will want their wealth eroded. But it would have been interesting if the price was regulated by supply and demand esp now that you say longevity matters on the secondary market.


ION AGM this Sat, who is going?


I will be present. I have a few queries for them on the items below
1. Agribusiness - 188 mil invested. No details on it
2. Trade Payables- Project creditors cost increased to 442mil. More info required.
Knowledge is power , but action gets things done ...
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enyands
#312 Posted : Wednesday, February 10, 2016 9:13:13 AM
Rank: Elder

Joined: 12/25/2014
Posts: 2,301
Location: kenya
Pirate wrote:
murchr wrote:
Pirate wrote:
enyands wrote:
murchr wrote:
Pirate wrote:
murchr wrote:
Pirate wrote:
enyands wrote:
BGL wrote:
Pirate wrote:
Any projections for this years performance ? Last year they did 27%


25%


Any reason for the drop


On the contrary , Year 2014 they made 27% out of which 25% was rebates . Year 2015 they have made 29 % of which rebates are proposed to be 25% .

Share capital increased from about 0.8B to 1.3B during the same period hence profit dilution. If share capital remained constant ,they would have made 47% returns


Do they have a target?


Yes. 1.5B and lock the shares. However I have a feeling they may revise this during the AGM.



Thanks a bunch....I have seen they have launched the online trading platform EXCELLENT not logged in yet but this is a good move Applause Applause


I think there is a someone there who has the balls to think outside the box.these are the think tanks that most companies need . Kudos to him. Just checked the online platform and I'm impressed .


I would like to indulge your thoughts on the following analysis:
Current Share Capital : 1.28B
Proposed Rebates : 322Mil
Split btw Cash/Ploughback div - 30/70 ( Assumption)
Ploughed back div : 225Mil (converted into shares)
New share capital post AGM 1.28+0.22= 1.5B !

So my questions are:
1. Whats the likely scenario if they shares are locked
2. Share price post AGM will be 420 ( 25% revision upwards as per last AGM resolution). Is it preferable to let demand and supply regulate the price or should it remain fixed ?




My thoughts

1. They will increase the share capital to 2B

2. They will keep as is. No stakeholder will want their wealth eroded. But it would have been interesting if the price was regulated by supply and demand esp now that you say longevity matters on the secondary market.


ION AGM this Sat, who is going?


I will be present. I have a few queries for them on the items below
1. Agribusiness - 188 mil invested. No details on it
2. Trade Payables- Project creditors cost increased to 442mil. More info required.


Please if you can please share with us what will be passed or discussed that you find to be core .
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murchr
#313 Posted : Wednesday, February 10, 2016 7:57:55 PM
Rank: Elder

Joined: 2/26/2012
Posts: 15,980
Pirate wrote:
murchr wrote:
Pirate wrote:
enyands wrote:
murchr wrote:
Pirate wrote:
murchr wrote:
Pirate wrote:
enyands wrote:
BGL wrote:
Pirate wrote:
Any projections for this years performance ? Last year they did 27%


25%


Any reason for the drop


On the contrary , Year 2014 they made 27% out of which 25% was rebates . Year 2015 they have made 29 % of which rebates are proposed to be 25% .

Share capital increased from about 0.8B to 1.3B during the same period hence profit dilution. If share capital remained constant ,they would have made 47% returns


Do they have a target?


Yes. 1.5B and lock the shares. However I have a feeling they may revise this during the AGM.



Thanks a bunch....I have seen they have launched the online trading platform EXCELLENT not logged in yet but this is a good move Applause Applause


I think there is a someone there who has the balls to think outside the box.these are the think tanks that most companies need . Kudos to him. Just checked the online platform and I'm impressed .


I would like to indulge your thoughts on the following analysis:
Current Share Capital : 1.28B
Proposed Rebates : 322Mil
Split btw Cash/Ploughback div - 30/70 ( Assumption)
Ploughed back div : 225Mil (converted into shares)
New share capital post AGM 1.28+0.22= 1.5B !

So my questions are:
1. Whats the likely scenario if they shares are locked
2. Share price post AGM will be 420 ( 25% revision upwards as per last AGM resolution). Is it preferable to let demand and supply regulate the price or should it remain fixed ?




My thoughts

1. They will increase the share capital to 2B

2. They will keep as is. No stakeholder will want their wealth eroded. But it would have been interesting if the price was regulated by supply and demand esp now that you say longevity matters on the secondary market.


ION AGM this Sat, who is going?


I will be present. I have a few queries for them on the items below
1. Agribusiness - 188 mil invested. No details on it
2. Trade Payables- Project creditors cost increased to 442mil. More info required.


Would also like to know more about what they are growing and who they are selling to. I see a big chuck for agri land is for resale (131 mil) And how else they plan to grow income this year.
"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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yosie14
#314 Posted : Saturday, February 13, 2016 10:00:51 PM
Rank: Member

Joined: 12/17/2013
Posts: 118
The AGM was meant to be today,who attended?What was discussed?
KCB,NMG,PAFR
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jerry
#315 Posted : Saturday, February 13, 2016 11:07:40 PM
Rank: Elder

Joined: 9/29/2006
Posts: 2,570
yosie14 wrote:
The AGM was meant to be today,who attended?What was discussed?

@pirate
The opposite of courage is not cowardice, it's conformity.
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enyands
#316 Posted : Saturday, February 13, 2016 11:42:28 PM
Rank: Elder

Joined: 12/25/2014
Posts: 2,301
Location: kenya
jerry wrote:
yosie14 wrote:
The AGM was meant to be today,who attended?What was discussed?

@pirate



@BGL ,@PIRATE? saidia
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Stract_Consulting
#317 Posted : Monday, February 15, 2016 8:34:39 AM
Rank: New-farer

Joined: 6/3/2014
Posts: 58
Location: Nairobi
enyands wrote:
jerry wrote:
yosie14 wrote:
The AGM was meant to be today,who attended?What was discussed?

@pirate



@BGL ,@PIRATE? saidia


Key outcomes from the AGM are:

1. Share price moved up by 25% from Kshs 350 to 435
2. Returns/Rebates at 25% of which 65% will be capitalized while 35% will be paid out
3.One Non-Safaricom employee was elected to the Board by the name of Marete
4.Monthly contribution will continue until the Investment will be in a position to achieve healthy cashflows that will supplement the monthly contributions


Be ignorant and ask a few questions - Peter Drucker
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WWW BLOG
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enyands
#318 Posted : Monday, February 15, 2016 8:42:17 AM
Rank: Elder

Joined: 12/25/2014
Posts: 2,301
Location: kenya
Stract_Consulting wrote:
enyands wrote:
jerry wrote:
yosie14 wrote:
The AGM was meant to be today,who attended?What was discussed?

@pirate



@BGL ,@PIRATE? saidia


Key outcomes from the AGM are:

1. Share price moved up by 25% from Kshs 350 to 435
2. Returns/Rebates at 25% of which 65% will be capitalized while 35% will be paid out
3.One Non-Safaricom employee was elected to the Board by the name of Marete
4.Monthly contribution will continue until the Investment will be in a position to achieve healthy cashflows that will supplement the monthly contributions




@stract_consulting thanks for the time and detail. Swali moja ,when did the books close?
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Stract_Consulting
#319 Posted : Monday, February 15, 2016 8:53:59 AM
Rank: New-farer

Joined: 6/3/2014
Posts: 58
Location: Nairobi
enyands wrote:
Stract_Consulting wrote:
enyands wrote:
jerry wrote:
yosie14 wrote:
The AGM was meant to be today,who attended?What was discussed?

@pirate



@BGL ,@PIRATE? saidia


Key outcomes from the AGM are:

1. Share price moved up by 25% from Kshs 350 to 435
2. Returns/Rebates at 25% of which 65% will be capitalized while 35% will be paid out
3.One Non-Safaricom employee was elected to the Board by the name of Marete
4.Monthly contribution will continue until the Investment will be in a position to achieve healthy cashflows that will supplement the monthly contributions




@stract_consulting thanks for the time and detail. Swali moja ,when did the books close?


Books closed on 31st Dec for dividends payment. As for the share price the increment takes place from today.
Be ignorant and ask a few questions - Peter Drucker
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WWW BLOG
  |
enyands
#320 Posted : Monday, February 15, 2016 8:55:15 AM
Rank: Elder

Joined: 12/25/2014
Posts: 2,301
Location: kenya
Stract_Consulting wrote:
enyands wrote:
Stract_Consulting wrote:
enyands wrote:
jerry wrote:
yosie14 wrote:
The AGM was meant to be today,who attended?What was discussed?

@pirate



@BGL ,@PIRATE? saidia


Key outcomes from the AGM are:

1. Share price moved up by 25% from Kshs 350 to 435
2. Returns/Rebates at 25% of which 65% will be capitalized while 35% will be paid out
3.One Non-Safaricom employee was elected to the Board by the name of Marete
4.Monthly contribution will continue until the Investment will be in a position to achieve healthy cashflows that will supplement the monthly contributions




@stract_consulting thanks for the time and detail. Swali moja ,when did the books close?


Books closed on 31st Dec for dividends payment. As for the share price the increment takes place from today.


Thanks man .will get you beer when we meet sometime.
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