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Safaricom FY 2016 results net profit up 19.6%
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Angelica _ann
#301 Posted : Friday, August 12, 2016 2:45:47 PM
Rank: Elder

Joined: 12/7/2012
Posts: 11,935
Pesa Nane wrote:
Hating on safaricom:
1. Wanjiku carried the pregnancy and bore the child (IPO and refund saga)
2. Wanjiku nurtured the child through hardship (Stagnant share price coupled with very low dividends to earn all of the 85Bn in retained earning)
3. Wanjiku got bought off on the cheap by the fat cats (HNW investors, Foreigners, Institutions)
4. Fat cats pumped the price and invaded the cookie jar (awarded themselves Super High dividends + a forced SPECIAL dividend) - Wanjiku's blood, sweat and labour over the years
5. Fat cats are now planning to hand over the emaciated stock back to Wanjiku at a princely sum for another cycle.


Disclaimer: I sold my holding at a good profit smile BUT at a paltry Ksh. 4.10 Sad



You have made my afternoon #wanjiku Laughing out loudly Laughing out loudly Laughing out loudly
In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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hisah
#302 Posted : Friday, August 12, 2016 2:49:40 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
Pesa Nane wrote:
Hating on safaricom:
1. Wanjiku carried the pregnancy and bore the child (IPO and refund saga)
2. Wanjiku nurtured the child through hardship (Stagnant share price coupled with very low dividends to earn all of the 85Bn in retained earning)
3. Wanjiku got bought off on the cheap by the fat cats (HNW investors, Foreigners, Institutions)
4. Fat cats pumped the price and invaded the cookie jar (awarded themselves Super High dividends + a forced SPECIAL dividend) - Wanjiku's blood, sweat and labour over the years
5. Fat cats are now planning to hand over the emaciated stock back to Wanjiku at a princely sum for another cycle.


Disclaimer: I sold my holding at a good profit smile BUT at a paltry Ksh. 4.10 Sad



I disagree. Wanjikus are outpriced here and have given up the chase. The shareholding has shifted from many weak hands to a few strong hands over the years as witnessed by the bid volume. Until institutionals change their bid behaviour I don't see how the price will crash. It's easier for price to race to KES 50 than to head to KES 10 unless an outlier event occurs.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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  | | Edit by user: Friday, August 12, 2016 5:34 PM | Reason: Not specified
Ericsson
#303 Posted : Friday, August 12, 2016 3:21:08 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
@ebenyo
ABP is 14.7 excluding dividends received.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Ebenyo
#304 Posted : Friday, August 12, 2016 3:38:12 PM
Rank: Veteran

Joined: 4/4/2016
Posts: 2,016
Location: Kitale
Ericsson wrote:
@ebenyo
ABP is 14.7 excluding dividends received.


You are doing well.But going by the current price movement,i think it will take a long time for you at 14.70 and me at 16.60 to lower the ABP.We might need to increase.Im not in a hurry.Im taking a long term view on this.
Lets wait for ex dividend period and see how things goes.
Towards the goal of financial freedom
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Ericsson
#305 Posted : Friday, August 12, 2016 3:44:01 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
To increase will have to be done before next year February.
The buying price will be calculated using the historical dividend yield
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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mkate_nusu
#306 Posted : Friday, August 12, 2016 11:37:01 PM
Rank: Member

Joined: 5/30/2016
Posts: 332
Location: Kayole
Ebenyo wrote:
Ericsson wrote:
@ebenyo
ABP is 14.7 excluding dividends received.


You are doing well.But going by the current price movement,i think it will take a long time for you at 14.70 and me at 16.60 to lower the ABP.We might need to increase.Im not in a hurry.Im taking a long term view on this.
Lets wait for ex dividend period and see how things goes.

I like Safcom even though trading at high PE(compared to Amazon trading at a PE of 190 this does not bother me)
It can easily get to 100 KES per share in 5 years with consistent growth in profits
ex-dividend price will not go below 20
KEGN, KPLC, KQ, SCOM
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ARAP CHARLES
#307 Posted : Friday, August 12, 2016 11:49:30 PM
Rank: Member

Joined: 5/30/2016
Posts: 217
Location: Talai
Safaricom promotions 2016d'oh!
2015 Safaricom Mauzo Kochokocho Retailers Promotion over 60million WHERE IS FOR 2016!!!

Shangwe Mtaani by Safaricom!!! over 100million etc..

AMA KUNA 1BILLION TO BE GIVEN AWAY cooking in store!!!
AMA this time round it was inform of the special dividend!!!Applause Applause Applause
Watch and Listen and Live
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  | | Edit by user: Friday, August 12, 2016 11:54 PM | Reason: Not specified
sparkly
#308 Posted : Saturday, August 13, 2016 12:41:21 AM
Rank: Elder

Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
mkate_nusu wrote:
Ebenyo wrote:
Ericsson wrote:
@ebenyo
ABP is 14.7 excluding dividends received.


You are doing well.But going by the current price movement,i think it will take a long time for you at 14.70 and me at 16.60 to lower the ABP.We might need to increase.Im not in a hurry.Im taking a long term view on this.
Lets wait for ex dividend period and see how things goes.

I like Safcom even though trading at high PE(compared to Amazon trading at a PE of 190 this does not bother me)
It can easily get to 100 KES per share in 5 years with consistent growth in profits
ex-dividend price will not go below 20


at 100 Safaricom will be 2/3 of Kenya GDP
Life is short. Live passionately.
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murchr
#309 Posted : Saturday, August 13, 2016 2:14:59 AM
Rank: Elder

Joined: 2/26/2012
Posts: 15,980
sparkly wrote:
mkate_nusu wrote:
Ebenyo wrote:
Ericsson wrote:
@ebenyo
ABP is 14.7 excluding dividends received.


You are doing well.But going by the current price movement,i think it will take a long time for you at 14.70 and me at 16.60 to lower the ABP.We might need to increase.Im not in a hurry.Im taking a long term view on this.
Lets wait for ex dividend period and see how things goes.

I like Safcom even though trading at high PE(compared to Amazon trading at a PE of 190 this does not bother me)
It can easily get to 100 KES per share in 5 years with consistent growth in profits
ex-dividend price will not go below 20


at 100 Safaricom will be 2/3 of Kenya GDP


About 40% of Kenya's GDP is transacted through MPESA.
"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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sparkly
#310 Posted : Saturday, August 13, 2016 7:54:18 AM
Rank: Elder

Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
murchr wrote:
sparkly wrote:
mkate_nusu wrote:
Ebenyo wrote:
Ericsson wrote:
@ebenyo
ABP is 14.7 excluding dividends received.


You are doing well.But going by the current price movement,i think it will take a long time for you at 14.70 and me at 16.60 to lower the ABP.We might need to increase.Im not in a hurry.Im taking a long term view on this.
Lets wait for ex dividend period and see how things goes.

I like Safcom even though trading at high PE(compared to Amazon trading at a PE of 190 this does not bother me)
It can easily get to 100 KES per share in 5 years with consistent growth in profits
ex-dividend price will not go below 20


at 100 Safaricom will be 2/3 of Kenya GDP


About 40% of Kenya's GDP is transacted through MPESA.


Can a company be bigger than the country in which it operates? I ask because Safaricom cannot expand to other countries.
Life is short. Live passionately.
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