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Safaricom FY 2016 results net profit up 19.6%
Rank: Chief Joined: 1/3/2007 Posts: 18,346 Location: Nairobi
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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  BUT at a paltry Ksh. 4.10  If Wanjiku [unfortunately, put me in that group who sold too early] was stupid enough to sell... it's Wanjiku's fault. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Member Joined: 5/30/2016 Posts: 217 Location: Talai
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VituVingiSana wrote: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 BUT at a paltry Ksh. 4.10 If Wanjiku [unfortunately, put me in that group who sold too early] was stupid enough to sell... it's Wanjiku's fault. interesting analysis.. wah... Watch and Listen and Live
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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sparkly wrote: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. Safaricom is a very big contributor of GDP. Are you assuming the country's GDP will not grow? Bloomberg wrote:Safaricom Ltd., the Kenyan mobile-phone company that runs a money transfer service almost the size of the East African nation’s economy, invested in a courier service business in an effort to stimulate e-commerce and gain a foothold in growing demand for deliveries.
The operator invested $125,000 in part of a loan that could convert into equity in Sendy, a company that uses a network of independent motorbike riders to navigate traffic and deliver packages in the gridlocked Kenyan capital, Nairobi, Safaricom Chief Executive Office Bob Collymore said, declining to give more details on the transaction.
“We want to see the business in the region grow,” he said.
Safaricom, 40 percent owned by Newbury, England-based Vodafone Group Plc, is seeking to tap into an increase in online transactions on the continent, which has the potential to grow into a $395 billion economy in 15 years, from about $50 billion, Collymore said. The country’s largest company by market value facilitated transactions equal to 85 percent of Kenya’s total economic output in the year through March via it’s M-Pesa mobile-money transfer platform. "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: Chief Joined: 1/3/2007 Posts: 18,346 Location: Nairobi
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sparkly wrote: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. No. It can if it expands to other countries. Safaricom is based 100% in Kenya so it cannot be larger than Kenya. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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Sh30bn airtime lending raises Safaricom profile in credit marketMobile phone subscribers borrowed up to Sh30 billion worth of airtime or nearly a third of the total airtime Safaricom sold last year, underlining how critical telecoms operators have become in the credit market. "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: 7/22/2009 Posts: 7,836
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And when they are told they have peculiar habits, Kenyans take it personally!! Most of these Kenyans could actually afford the airtime but okoad jahazi for other reasons - too lazy to go to the shop (never mind you can buy using MPesa), why buy cash while I can okoa (American tabia ya living on credit) etc. etc. But those are extra coins in my dividend account so I am not complaining - as long as my fellow Kenyans had other options but chose to make me a few coins richer!!! Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
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Rank: Elder Joined: 7/22/2009 Posts: 7,836
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Next will be "Tuma sasa, lipa baadaye". You simply send someone money you don't have in your Mpesa account (amount depends on your profile) and you can load the account later - within say 7 days. So if mpango smses you in the middle of a meeting telling you she is at the Salon and needs 3k ASAP, and you have nothing in you account, you still send her pap and load later. But on loading, 3,300/= or something close to that plus sending fee inamezwa pap!! Mpango is happy, you are happy (ending?), company is happy and I (the shareholder) am happy!!! Ka ching ching!!! Until of couse some communist comes along and says we need to protect you and your mpango from the "high charges"! Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
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Rank: Elder Joined: 9/20/2015 Posts: 2,811 Location: Mombasa
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MaichBlack wrote:Next will be "Tuma sasa, lipa baadaye". You simply send someone money you don't have in your Mpesa account (amount depends on your profile) and you can load the account later - within say 7 days.
So if mpango smses you in the middle of a meeting telling you she is at the Salon and needs 3k ASAP, and you have nothing in you account, you still send her pap and load later. But on loading, 3,300/= or something close to that plus sending fee inamezwa pap!!
Mpango is happy, you are happy (ending?), company is happy and I (the shareholder) am happy!!! Ka ching ching!!!
Until of couse some communist comes along and says we need to protect you and your mpango from the "high charges"! @Maich you want to say Kenyan economy is driven by mpango induced transactions ? John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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Rank: Veteran Joined: 8/10/2014 Posts: 992 Location: Kenya
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Equity Group grew its loan book by 50bn while KCB grew by 62bn for the full year 2015. Okoa Jahazi Bank is half way the amount of the big banks do. Remarkable
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Rank: Elder Joined: 7/22/2009 Posts: 7,836
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Spikes wrote:MaichBlack wrote:Next will be "Tuma sasa, lipa baadaye". You simply send someone money you don't have in your Mpesa account (amount depends on your profile) and you can load the account later - within say 7 days.
So if mpango smses you in the middle of a meeting telling you she is at the Salon and needs 3k ASAP, and you have nothing in you account, you still send her pap and load later. But on loading, 3,300/= or something close to that plus sending fee inamezwa pap!!
Mpango is happy, you are happy (ending?), company is happy and I (the shareholder) am happy!!! Ka ching ching!!!
Until of couse some communist comes along and says we need to protect you and your mpango from the "high charges"! @Maich you want to say Kenyan economy is driven by mpango induced transactions ? Are you serious??? That was just a by the way example meant to capture your attention (and evidently it did that very well). There are thousands various examples where one would use the service. Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
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Safaricom FY 2016 results net profit up 19.6%
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