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Safaricom FY 2016 results net profit up 19.6%
Rank: Veteran Joined: 3/26/2012 Posts: 985 Location: Dar es salaam,Tanzania
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somebody (small guy like us) can get equity at 37 without much effort. There is no significant supply all the way to 40
“The pessimist complains about the wind; the optimist expects it to change; the realist adjusts the sails.”
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Rank: Elder Joined: 9/20/2015 Posts: 2,811 Location: Mombasa
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mlennyma wrote:The demand has regrouped and it's furious like a wounded lion That demand is temporary. It will collapse within minutes wiping out all your optimism of heading north. I still maintain there must be a voluminous selloff as investors' capital flew across borders to safe havens. Cash is king at Banks in Panamas! John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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Rank: Elder Joined: 7/21/2010 Posts: 6,194 Location: nairobi
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Safcom iko na wenyewe,i leave it alone. "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Elder Joined: 12/4/2009 Posts: 10,804 Location: NAIROBI
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@mlennyama Stocks have been rallying globally as the Brexit fears start easing. The tide has now caught up with our NSE and most counters today are recording positive gains Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 7/21/2010 Posts: 6,194 Location: nairobi
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Ericsson wrote:@mlennyama
Stocks have been rallying globally as the Brexit fears start easing.
The tide has now caught up with our NSE and most counters today are recording positive gains this is how the train will leave for good one day,and you know trains don't just stop everywhere "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Elder Joined: 7/21/2010 Posts: 6,194 Location: nairobi
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Vodafone has signalled that it might consider moving its headquarters out of the UK given uncertainty about how many of the “positive attributes” of being in the EU will remain once Britain has left the bloc. The telecommunication company owns a large proportion of Safaricom in Kenya and any decisions made might just affect the popularly traded counter. Vodafone said the UK’s membership of the EU had been an important factor in the growth of the company, stressing that freedom of movement of people, capital and goods was integral to the operation of any pan-European business, as are single legal frameworks spanning all member states. (Source: The Irish Times, Afriscope Research) "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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"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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Rank: Elder Joined: 12/25/2014 Posts: 2,301 Location: kenya
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Rank: Veteran Joined: 8/10/2014 Posts: 992 Location: Kenya
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Quite a safe investment with high growth and high dividends.
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Rank: Veteran Joined: 4/4/2016 Posts: 2,016 Location: Kitale
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That's a vote of confidence in safaricom company.Unless the structure of the company shareholding changes,things will just be fine. 1.Vodafone-40% 2.Gok-35% 3.Free float-25% The only unreliable partner so far here is Gok. Towards the goal of financial freedom
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Rank: Member Joined: 5/6/2014 Posts: 268 Location: Nairobi, Kenya
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Ebenyo wrote:That's a vote of confidence in safaricom company.Unless the structure of the company shareholding changes,things will just be fine. 1.Vodafone-40% 2.Gok-35% 3.Free float-25% The only unreliable partner so far here is Gok. -It is GOK that gave birth to Saf. -Gok has consistently provided the right environment in terms of regulation, taxation and generally healthy business environment for this and other companies to continue to thrive. -I think no. 3 could be the unreliable partner by joining the opposition and propagating fear in the market environment.
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Rank: Veteran Joined: 4/4/2016 Posts: 2,016 Location: Kitale
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Akenyan2014 wrote:Ebenyo wrote:That's a vote of confidence in safaricom company.Unless the structure of the company shareholding changes,things will just be fine. 1.Vodafone-40% 2.Gok-35% 3.Free float-25% The only unreliable partner so far here is Gok. -It is GOK that gave birth to Saf. -Gok has consistently provided the right environment in terms of regulation, taxation and generally healthy business environment for this and other companies to continue to thrive. -I think no. 3 could be the unreliable partner by joining the opposition and propagating fear in the market environment. Can you confidently relie on someone whose three quater of his annual budget is reccurent expenditure? The other day Rotich presented a 2.1 trillion budget.1.3 trillion was expenditure.600 billion went to service debt interests.This person does not know how to invest and grow returns.Its just spend and borrow.Is that a reliable partner? Towards the goal of financial freedom
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Rank: Veteran Joined: 4/4/2016 Posts: 2,016 Location: Kitale
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Akenyan2014 wrote:Ebenyo wrote:That's a vote of confidence in safaricom company.Unless the structure of the company shareholding changes,things will just be fine. 1.Vodafone-40% 2.Gok-35% 3.Free float-25% The only unreliable partner so far here is Gok. -It is GOK that gave birth to Saf. -Gok has consistently provided the right environment in terms of regulation, taxation and generally healthy business environment for this and other companies to continue to thrive. -I think no. 3 could be the unreliable partner by joining the opposition and propagating fear in the market environment. Towards the goal of financial freedom
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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Ebenyo wrote:Akenyan2014 wrote:Ebenyo wrote:That's a vote of confidence in safaricom company.Unless the structure of the company shareholding changes,things will just be fine. 1.Vodafone-40% 2.Gok-35% 3.Free float-25% The only unreliable partner so far here is Gok. -It is GOK that gave birth to Saf. -Gok has consistently provided the right environment in terms of regulation, taxation and generally healthy business environment for this and other companies to continue to thrive. -I think no. 3 could be the unreliable partner by joining the opposition and propagating fear in the market environment. Can you confidently relie on someone whose three quater of his annual budget is reccurent expenditure?The other day Rotich presented a 2.1 trillion budget.1.3 trillion was expenditure.600 billion went to service debt interests.This person does not know how to invest and grow returns.Its just spend and borrow.Is that a reliable partner? Very useless kind of thinking "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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Rank: Veteran Joined: 4/4/2016 Posts: 2,016 Location: Kitale
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murchr wrote:Ebenyo wrote:Akenyan2014 wrote:Ebenyo wrote:That's a vote of confidence in safaricom company.Unless the structure of the company shareholding changes,things will just be fine. 1.Vodafone-40% 2.Gok-35% 3.Free float-25% The only unreliable partner so far here is Gok. -It is GOK that gave birth to Saf. -Gok has consistently provided the right environment in terms of regulation, taxation and generally healthy business environment for this and other companies to continue to thrive. -I think no. 3 could be the unreliable partner by joining the opposition and propagating fear in the market environment. Can you confidently relie on someone whose three quater of his annual budget is reccurent expenditure?The other day Rotich presented a 2.1 trillion budget.1.3 trillion was expenditure.600 billion went to service debt interests.This person does not know how to invest and grow returns.Its just spend and borrow.Is that a reliable partner? Very useless kind of thinking Expenses does not grow wealth.It grows poverty.True and lasting wealth is created through a disciplined saving and robust investment.If you think Gok is so much reliable as an investment partner what happened to mumias,kq and eaep?.Gok is just about eat,sleep and drink politics.Everything is politicised down the middle.We cant eat politics.Gok will not build wealth to our nation throw borrowing to spend.Thats the single most aspect of their unreliability as an investment partner.That attitude informs the policy making.Look at the other firms they are in 70% shareholding like kenya power.Policy is influenced left and right hence affecting perfomance.There is too much political influence. Safaricom has done so well mainly because vodafone wont allow Gok to bring politics in the business. Towards the goal of financial freedom
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Safaricom FY 2016 results net profit up 19.6%
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