Wazua
»
Investor
»
Stocks
»
Safaricom FY 2016 results net profit up 19.6%
Rank: Elder Joined: 2/26/2012 Posts: 15,980
|
8m smart phone users "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
.
|
|
|
Rank: Elder Joined: 2/26/2012 Posts: 15,980
|
"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
.
|
|
|
Rank: Elder Joined: 2/26/2012 Posts: 15,980
|
"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
.
|
|
|
Rank: Elder Joined: 9/15/2006 Posts: 3,905
|
@bobCollymore
Another year of strong growth across all metrics. Revenues up 13.8%. EBITDA 44.5%. Net income up 19.6% #SafaricomFYResults
"We are issuing 1 Loan every second via M~Shwari and @KCBGroup M~Pesa"
|
|
|
Rank: Elder Joined: 9/29/2006 Posts: 2,570
|
This is the proof I've been waiting for that MPESA is trully a bank. The opposite of courage is not cowardice, it's conformity.
|
|
|
Rank: Elder Joined: 9/15/2006 Posts: 3,905
|
Time to digest the numbers in fullAt first glance seems equal growth as last year, stand out being MPesa Other categors (loans, Lipa Na, Sportspesa). Price seems to have roundly baked in the results. FY16 Results PresentationFY16 Press CommentaryFY16 Press ReleaseCommendable effort by the team 4th year in a row. At current prices, Safaricom now has a P/E of ~18 and is growing EBITDA at about 16.7% for two years now. This year has the lowest growth since 2012. Thus the law of large numbers will soon give more pressure coupled with the hubris that normally follows years of outperformance. I obviously have to ignore the large depreciation, impairment & amortisation line, which just like in the case of banks can be over/under provided for giving a shine to net profit growth
|
|
|
Rank: Veteran Joined: 8/10/2014 Posts: 977 Location: Kenya
|
Mpesa making more money than 80% of the banks in Kenya. The only way banks can steal some tiny market share in the money transfer business is maybe create a way they can send money to each other via their mobile apps and have real time settlement.
|
|
|
Rank: Elder Joined: 3/2/2009 Posts: 26,328 Location: Masada
|
watesh wrote:Mpesa making more money than 80% of the banks in Kenya. The only way banks can steal some tiny market share in the money transfer business is maybe create a way they can send money to each other via their mobile apps and have real time settlement. True. Coz as it is now, we have to channle money from bank A to Mpesa then to bank B. Few banks have direct mibile money apps, and the cost levied is still out of this waold. Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
|
|
|
Rank: Member Joined: 7/10/2014 Posts: 145 Location: Nairobi
|
Safaricom needs a serious competitor to bring the cost of mpesa rates down. Similarly to what happened in call rates. "Blowing out someone else candle won't make yours shine brighter"-Anonymous
|
|
|
Rank: Elder Joined: 7/11/2010 Posts: 5,040
|
Impunity wrote:watesh wrote:Mpesa making more money than 80% of the banks in Kenya. The only way banks can steal some tiny market share in the money transfer business is maybe create a way they can send money to each other via their mobile apps and have real time settlement. True. Coz as it is now, we have to channle money from bank A to Mpesa then to bank B. Few banks have direct mibile money apps, and the cost levied is still out of this waold. The banks had the idea to do this last year, then it all went quiet The investor's chief problem - and even his worst enemy - is likely to be himself
|
|
|
Rank: Elder Joined: 3/2/2009 Posts: 26,328 Location: Masada
|
jgithige wrote:Safaricom needs a serious competitor to bring the cost of mpesa rates down. Similarly to what happened in call rates. Me thinks the rates that needed to be urgently checked and brought down ni za data bandoz. That 4G thing inanyonya kweli kweli kushinda wale poko za River road. Try downloading a 4 minute youtube video and before you know it 100MB imemozwo tu like that. Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
|
|
|
Rank: Member Joined: 12/11/2006 Posts: 884
|
Airtel and orange need to invest in their infrastructure first before engaging in price wars. I'm sure when it comes to data, there is no loyalty to certain telcoms or providers but cost,speed and reliability is what matters. “Invest in yourself. Your career is the engine of your wealth.”
|
|
|
Rank: Veteran Joined: 4/4/2016 Posts: 1,997 Location: Kitale
|
what about the dividends? Towards the goal of financial freedom
|
|
|
Rank: Elder Joined: 3/2/2009 Posts: 26,328 Location: Masada
|
Ebenyo wrote:what about the dividends?
What about them? Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
|
|
|
Rank: Elder Joined: 3/2/2009 Posts: 26,328 Location: Masada
|
ngapat wrote:Airtel and orange need to invest in their infrastructure first before engaging in price wars. I'm sure when it comes to data, there is no loyalty to certain telcoms or providers but cost,speed and reliability is what matters.
True, I even bought Orange modem but the speed was pathetic, I ended up using my expe but fast sufferingcom. Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
|
|
|
Rank: Member Joined: 1/22/2015 Posts: 682
|
Impunity wrote:jgithige wrote:Safaricom needs a serious competitor to bring the cost of mpesa rates down. Similarly to what happened in call rates. Me thinks the rates that needed to be urgently checked and brought down ni za data bandoz. That 4G thing inanyonya kweli kweli kushinda wale poko za River road. Try downloading a 4 minute youtube video and before you know it 100MB imemozwo tu like that. Safaricom data is not too bad even when compared to international standards. The only thing missing is unlimited internet offerings, but those you can get with Zuku. If you want to pressure Safaricom into changing their internet offerings then embrace Zuku and make your use of bundles minimal. Where Safaricom is milking these immoral profits from is the following band of MPESA transactions:  These are the typical Wanjiku transfers and in terms of percentages, they are obscene. The highest being a 50 bob withdrawal, which draws a bloody 20% commission from Safaricom(10bob) and this adds up very fast. In an advanced economy we would have consumer protection from such usury and agitation for uniform charges across the board, but in Kenya the only thing you can do is buy Safaricom shares so that you are on the right side of the table when people are eating.
|
|
|
Rank: Elder Joined: 3/2/2009 Posts: 26,328 Location: Masada
|
Mike Ock wrote:Impunity wrote:jgithige wrote:Safaricom needs a serious competitor to bring the cost of mpesa rates down. Similarly to what happened in call rates. Me thinks the rates that needed to be urgently checked and brought down ni za data bandoz. That 4G thing inanyonya kweli kweli kushinda wale poko za River road. Try downloading a 4 minute youtube video and before you know it 100MB imemozwo tu like that. Safaricom data is not too bad even when compared to international standards. The only thing missing is unlimited internet offerings, but those you can get with Zuku. If you want to pressure Safaricom into changing their internet offerings then embrace Zuku and make your use of bundles minimal. Where Safaricom is milking these immoral profits from is the following band of MPESA transactions: These are the typical Wanjiku transfers and in terms of percentages, they are obscene. The highest being a 50 bob withdrawal, which draws a bloody 20% commission from Safaricom(10bob) and this adds up very fast. In an advanced economy we would have consumer protection from such usury and agitation for uniform charges across the board, but in Kenya the only thing you can do is buy Safaricom shares so that you are on the right side of the table when people are eating. If you are not on the table then you are definitely on the menu. Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
|
|
|
Rank: Veteran Joined: 8/11/2010 Posts: 1,011 Location: nairobi
|
Mike Ock wrote:Impunity wrote:jgithige wrote:Safaricom needs a serious competitor to bring the cost of mpesa rates down. Similarly to what happened in call rates. Me thinks the rates that needed to be urgently checked and brought down ni za data bandoz. That 4G thing inanyonya kweli kweli kushinda wale poko za River road. Try downloading a 4 minute youtube video and before you know it 100MB imemozwo tu like that. Safaricom data is not too bad even when compared to international standards. The only thing missing is unlimited internet offerings, but those you can get with Zuku. If you want to pressure Safaricom into changing their internet offerings then embrace Zuku and make your use of bundles minimal. Where Safaricom is milking these immoral profits from is the following band of MPESA transactions: These are the typical Wanjiku transfers and in terms of percentages, they are obscene. The highest being a 50 bob withdrawal, which draws a bloody 20% commission from Safaricom(10bob) and this adds up very fast. In an advanced economy we would have consumer protection from such usury and agitation for uniform charges across the board, but in Kenya the only thing you can do is buy Safaricom shares so that you are on the right side of the table when people are eating. You made my evening
|
|
|
Rank: Member Joined: 1/1/2010 Posts: 511 Location: kandara, Murang'a
|
Ebenyo wrote:what about the dividends?
0.76/- Foresight..
|
|
|
Rank: Elder Joined: 2/26/2012 Posts: 15,980
|
Post#41 Posted : Thursday, November 13, 2014 12:23:32 AM murchr wrote:MaichBlack wrote:murchr wrote:MaichBlack wrote:murchr wrote:13/- printed today Current demand outstrips supply by far at 13/= Will the all time high of 13.40/- be smashed tomorrow? Happened today @murchr. A high of 13.55/= Great, this one will be interesting to watch Volume = 24,898,900 97% foreign buys mlennyman wrote:When will it make 40b profit to make 1 bob earnings per share? If they keep innovating, then they can do it even in 3 years. I don't think this is a pipe dream now http://www.wazua.co.ke/f...amp;m=615000#post615000 "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
.
|
|
|
Wazua
»
Investor
»
Stocks
»
Safaricom FY 2016 results net profit up 19.6%
Forum Jump
You cannot post new topics in this forum.
You cannot reply to topics in this forum.
You cannot delete your posts in this forum.
You cannot edit your posts in this forum.
You cannot create polls in this forum.
You cannot vote in polls in this forum.
|