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Safaricom FY 2016 results net profit up 19.6%
Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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Spikes wrote:sparkly wrote:Spikes wrote:murchr wrote:Angelica _ann wrote:watesh wrote: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 Safaricom doing that without sweat  Given that Safcom's take in okoa jahazi is just Kes 5 from 50/- credit....that amount is insane! The regulator needs to reign in! Safaricom's Okoa jahazi interest is more than shylock charges considering time value of money!!! Safaricom charge a fee not an interest. They do not have a lending licence. Whether manslaughter or abortion murder is murder! Its not like airtime is a basic need @spikes. Life is short. Live passionately.
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Rank: Elder Joined: 5/25/2012 Posts: 4,105 Location: 08c
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12 August 2016 Post #302hisah 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  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. 16 August 2016 Post #329hisah wrote:Quite amazing mpesa bank is almost hitting 1 trillion in market cap and few wanjikus are not on board. The GFC bear and 2011 bear made wanjikus so negative to ever want to touch it. So when Wanjikus troop back in as the rocket phase kicks in, that will become one giant bubble of epic propositions...!!  Pesa Nane plans to be shilingi when he grows up.
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Rank: Veteran Joined: 9/18/2014 Posts: 1,127
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hisah wrote:Quite amazing mpesa bank is almost hitting 1 trillion in market cap and few wanjikus are not on board. The GFC bear and 2011 bear made wanjikus so negative to ever want to touch it. So when Wanjikus troop back in as the rocket phase kicks in, that will become one giant bubble of epic propositions...!! The awkward moment when safcom is equal in worth to rest of the market combined. At 25bob a piece it will hit the trillion mark. Total market cap is a little over 2 trillion. With the rest of the stocks still limping/treading lower, the 50/50 sharing scenario is not that far out. Still waiting for the divergence to resolve itself and the sooner it happens the better. If the bear run continues and safcom starts tanking sub 3000 points, a very swift fall awaits. A mixture of panic and fear perhaps...only fear is evident at current levels. When wanjiku grows a craving for a piece of the safcom pie in the next bull phase they will be buying at a very steep premium and will get spanked once again. The main purpose of the stock market is to make fools of as many people as possible.
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Rank: Member Joined: 1/1/2010 Posts: 518 Location: kandara, Murang'a
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lochaz-index wrote:hisah wrote:Quite amazing mpesa bank is almost hitting 1 trillion in market cap and few wanjikus are not on board. The GFC bear and 2011 bear made wanjikus so negative to ever want to touch it. So when Wanjikus troop back in as the rocket phase kicks in, that will become one giant bubble of epic propositions...!! The awkward moment when safcom is equal in worth to rest of the market combined. At 25bob a piece it will hit the trillion mark. Total market cap is a little over 2 trillion. With the rest of the stocks still limping/treading lower, the 50/50 sharing scenario is not that far out. Still waiting for the divergence to resolve itself and the sooner it happens the better. If the bear run continues and safcom starts tanking sub 3000 points, a very swift fall awaits. A mixture of panic and fear perhaps...only fear is evident at current levels. When wangekuwa grows a craving for a piece of the safcom pie in the next bull phase they will be buying at a very steep premium and will get spanked once again. Am assuming Wangekuwa is Wanjiku. Looks like my 19.8 bid hit too late. I won't chase. Foresight..
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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Pesa Nane wrote:12 August 2016 Post #302hisah 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 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. 16 August 2016 Post #329hisah wrote:Quite amazing mpesa bank is almost hitting 1 trillion in market cap and few wanjikus are not on board. The GFC bear and 2011 bear made wanjikus so negative to ever want to touch it. So when Wanjikus troop back in as the rocket phase kicks in, that will become one giant bubble of epic propositions...!! Pesa8 What hisah is saying is that when Wanjiku will start chasing over that thin float the price will skyrocket creating a very big bubble. "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: 9/18/2014 Posts: 1,127
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gatoho wrote:lochaz-index wrote:hisah wrote:Quite amazing mpesa bank is almost hitting 1 trillion in market cap and few wanjikus are not on board. The GFC bear and 2011 bear made wanjikus so negative to ever want to touch it. So when Wanjikus troop back in as the rocket phase kicks in, that will become one giant bubble of epic propositions...!! The awkward moment when safcom is equal in worth to rest of the market combined. At 25bob a piece it will hit the trillion mark. Total market cap is a little over 2 trillion. With the rest of the stocks still limping/treading lower, the 50/50 sharing scenario is not that far out. Still waiting for the divergence to resolve itself and the sooner it happens the better. If the bear run continues and safcom starts tanking sub 3000 points, a very swift fall awaits. A mixture of panic and fear perhaps...only fear is evident at current levels. When wangekuwa grows a craving for a piece of the safcom pie in the next bull phase they will be buying at a very steep premium and will get spanked once again. Am assuming Wangekuwa is Wanjiku. Looks like my 19.8 bid hit too late. I won't chase. Most definitely. Auto correct got the better of me. The main purpose of the stock market is to make fools of as many people as possible.
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Rank: Veteran Joined: 4/4/2016 Posts: 2,016 Location: Kitale
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Some statistics from the financial results 2016 is as follows: *Return on equity- 32% *EPS- kshs 0.95 *PER- kshs 22 *DPS- kshs 0.76 *Debt to equity ratio-36% *Shareholders equity- kshs 116,738,947,000 *Retained earnings- kshs 82,052,204,000 *Current assets- kshs 159,182,485,000 *Current debts kshs 42,443,538,000 *Return on assets- 23% BASED on this stats alone: 1.I wont understand any wazuan whose portfolio safaricom is absent 2.Safaricom knows how to manage debts.The debt quoted here is shorterm.They dont have any long term debts 3.Every wazuan must work hard to bring down his ABP. Towards the goal of financial freedom
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Rank: Member Joined: 5/30/2016 Posts: 332 Location: Kayole
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Ebenyo wrote:Some statistics from the financial results 2016 is as follows:
*Return on equity- 32%
*EPS- kshs 0.95
*PER- kshs 22
*DPS- kshs 0.76
*Debt to equity ratio-36%
*Shareholders equity- kshs 116,738,947,000
*Retained earnings- kshs 82,052,204,000
*Current assets- kshs 159,182,485,000
*Current debts kshs 42,443,538,000
*Return on assets- 23%
BASED on this stats alone:
1.I wont understand any wazuan whose portfolio safaricom is absent
2.Safaricom knows how to manage debts.The debt quoted here is shorterm.They dont have any long term debts
3.Every wazuan must work hard to bring down his ABP.
@Ebenyo great work with the summary. I am looking to add more ex-dividend. I was thinking whether to jump in at 17 before it left the stage KEGN, KPLC, KQ, SCOM
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Rank: Veteran Joined: 4/4/2016 Posts: 2,016 Location: Kitale
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mkate_nusu wrote:Ebenyo wrote:Some statistics from the financial results 2016 is as follows:
*Return on equity- 32%
*EPS- kshs 0.95
*PER- kshs 22
*DPS- kshs 0.76
*Debt to equity ratio-36%
*Shareholders equity- kshs 116,738,947,000
*Retained earnings- kshs 82,052,204,000
*Current assets- kshs 159,182,485,000
*Current debts kshs 42,443,538,000
*Return on assets- 23%
BASED on this stats alone:
1.I wont understand any wazuan whose portfolio safaricom is absent
2.Safaricom knows how to manage debts.The debt quoted here is shorterm.They dont have any long term debts
3.Every wazuan must work hard to bring down his ABP.
@Ebenyo great work with the summary. I am looking to add more ex-dividend. I was thinking whether to jump in at 17 before it left the stage My current ABP is 16.60.My entry price was 16.00.My current target buy price is 14.00.Im also waiting for ex-dividend to see how things will unfold.If i wont meet my target BP,i will adjust my ABP according to the price resistance level. *Tend to think safaricom stability is much more pegged on its ability to make profits.The strength of its share price is heavily dependant on its profitability YoY.If anything crops up between,then the share price will suffer terribly. *PE at kshs 22 is high but justified by good profitability. Towards the goal of financial freedom
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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Price has been coiling on massive volume since the exdiv gap down! Getting ready to launch! Those expecting the price to hit below 15 support level will be left chasing wind! Target remains 23. @metaspoilt you had a target at 25. Let's see how things play out as we approach H1 in November. $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Elder Joined: 12/4/2009 Posts: 10,804 Location: NAIROBI
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53mn shares traded today so far. Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Veteran Joined: 3/26/2012 Posts: 985 Location: Dar es salaam,Tanzania
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hisah wrote:Price has been coiling on massive volume since the exdiv gap down! Getting ready to launch! Those expecting the price to hit below 15 support level will be left chasing wind!
Target remains 23. @metaspoilt you had a target at 25. Let's see how things play out as we approach H1 in November. Agreed.. Another huge volume traded (53M) at 19.70 Thursday last week saw 106M with VWAP at 19.40 Supply past 20 drying up completely. With this greed overshoot remains 25!
“The pessimist complains about the wind; the optimist expects it to change; the realist adjusts the sails.”
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Rank: Elder Joined: 12/4/2009 Posts: 10,804 Location: NAIROBI
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*Safaricom market share down by 0.4% to 65.2% *Orange Kenya up 0.7% to 13.2% *Airtel Kenya Down 0.9% to 16.6% Safaricom 25.9 million subscribers Airtel Kenya 6.5 million Orange Kenya 5.2 million Equitel 2 Million Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Member Joined: 2/20/2015 Posts: 468 Location: Nairobi
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Ericsson wrote:*Safaricom market share down by 0.4% to 65.2%
*Orange Kenya up 0.7% to 13.2%
*Airtel Kenya Down 0.9% to 16.6%
Safaricom 25.9 million subscribers
Airtel Kenya 6.5 million
Orange Kenya 5.2 million
Equitel 2 Million Market share is deceptive: Safaricom still has 77.8% of voice traffic (+1%), 93.9% SMS traffic (+4%)
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Rank: Member Joined: 5/30/2016 Posts: 332 Location: Kayole
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hisah wrote:Price has been coiling on massive volume since the exdiv gap down! Getting ready to launch! Those expecting the price to hit below 15 support level will be left chasing wind!
Target remains 23. @metaspoilt you had a target at 25. Let's see how things play out as we approach H1 in November. Once 20 establishes as a support zone, and with HY release coming up the bulls should easily wipe out the bears. KEGN, KPLC, KQ, SCOM
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Safaricom FY 2016 results net profit up 19.6%
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