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