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SAFARICOM H1 2022-2023 EPS down 10%
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Queen
#111 Posted : Tuesday, July 25, 2023 10:11:42 PM
Rank: Member

Joined: 11/21/2018
Posts: 564
Location: Britain
littledove wrote:
heavy selloff by foreigners today, price range between 16.50 and 17. are we going to retest 13 ex dividend? The article on " Economic headwinds facing Safaricom’s Ethiopia venture" must have spooked the market


This Ethiopian gamble might end up being safcom's waterloo.
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My 2 cents
#112 Posted : Wednesday, July 26, 2023 9:16:13 PM
Rank: Veteran

Joined: 6/2/2010
Posts: 1,089
Queen wrote:
littledove wrote:
heavy selloff by foreigners today, price range between 16.50 and 17. are we going to retest 13 ex dividend? The article on " Economic headwinds facing Safaricom’s Ethiopia venture" must have spooked the market


This Ethiopian gamble might end up being safcom's waterloo.


Yes it might be. But then again it might be just what they needed to turbo charge growth. Only time will tell.
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  | | Edit by user: Wednesday, July 26, 2023 9:17 PM | Reason: Not specified
obiero
#113 Posted : Sunday, July 30, 2023 12:36:22 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,211
Location: nairobi
My 2 cents wrote:
Queen wrote:
littledove wrote:
heavy selloff by foreigners today, price range between 16.50 and 17. are we going to retest 13 ex dividend? The article on " Economic headwinds facing Safaricom’s Ethiopia venture" must have spooked the market


This Ethiopian gamble might end up being safcom's waterloo.


Yes it might be. But then again it might be just what they needed to turbo charge growth. Only time will tell.

The problems in Kenya are also present. They are suffering from unprecedented obstacles

KQ ABP 4.26
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obiero
#114 Posted : Wednesday, August 09, 2023 9:12:32 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,211
Location: nairobi
obiero wrote:
VituVingiSana wrote:
Queen wrote:
Supply @21.25....
14 bob here I come.

Hang tight! It is getting closer.

I am staying away from Saf until there is more clarity on Ethiopia or it falls sub-10. So many higher dividend yield payers eg banks on the NSE.

Sub 10 is a pipedream

MJ throws in the towel. KES 10 previously looked improbable.. Never say never?

KQ ABP 4.26
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  | | Edit by user: Wednesday, August 09, 2023 9:15 PM | Reason: Not specified
littledove
#115 Posted : Thursday, August 10, 2023 8:05:20 AM
Rank: Veteran

Joined: 7/1/2014
Posts: 927
Location: sky
https://www.businessdailyafrica.com/bd/corporate/companies/safaricom-shuts-down-its-sites-in-ethiopia-s-amhara--4331738
Safaricom Ethiopia has shut down its sites in the country’s second-largest region, Amhara after the Federal Government declared a state of emergency in the latest setback to hit the telco's operations in the populous nation.

The Federal Government on August 4 declared a state of emergency following fighting between the military and the Fano militia.
“Ethiopia is indeed a tough market. The most important thing is the stability of the country and the ability to operate right across Ethiopia," Michael Joseph, the Safaricom Ethiopia chairman told the Business Daily.
There are only two emotions in the stock market, fear and hope. The problem is, you hope when you should fear and fear when you should hope
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My 2 cents
#116 Posted : Thursday, August 10, 2023 4:51:44 PM
Rank: Veteran

Joined: 6/2/2010
Posts: 1,089
obiero wrote:
obiero wrote:
VituVingiSana wrote:
Queen wrote:
Supply @21.25....
14 bob here I come.

Hang tight! It is getting closer.

I am staying away from Saf until there is more clarity on Ethiopia or it falls sub-10. So many higher dividend yield payers eg banks on the NSE.

Sub 10 is a pipedream

MJ throws in the towel. KES 10 previously looked improbable.. Never say never?


Relax. he resigned from Safcom Kenya to focus on Safcom Ethiopia. He is Chairman in Ethiopia.
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obiero
#117 Posted : Thursday, August 10, 2023 5:45:56 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,211
Location: nairobi
My 2 cents wrote:
obiero wrote:
obiero wrote:
VituVingiSana wrote:
Queen wrote:
Supply @21.25....
14 bob here I come.

Hang tight! It is getting closer.

I am staying away from Saf until there is more clarity on Ethiopia or it falls sub-10. So many higher dividend yield payers eg banks on the NSE.

Sub 10 is a pipedream

MJ throws in the towel. KES 10 previously looked improbable.. Never say never?


Relax. he resigned from Safcom Kenya to focus on Safcom Ethiopia. He is Chairman in Ethiopia.

Kenya needs him more. Let's wait and see how things go. It's not looking good to me

KQ ABP 4.26
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My 2 cents
#118 Posted : Friday, August 11, 2023 8:48:15 AM
Rank: Veteran

Joined: 6/2/2010
Posts: 1,089
obiero wrote:
My 2 cents wrote:
obiero wrote:
obiero wrote:
VituVingiSana wrote:
Queen wrote:
Supply @21.25....
14 bob here I come.

Hang tight! It is getting closer.

I am staying away from Saf until there is more clarity on Ethiopia or it falls sub-10. So many higher dividend yield payers eg banks on the NSE.

Sub 10 is a pipedream

MJ throws in the towel. KES 10 previously looked improbable.. Never say never?


Relax. he resigned from Safcom Kenya to focus on Safcom Ethiopia. He is Chairman in Ethiopia.

Kenya needs him more. Let's wait and see how things go. It's not looking good to me


In MJ's own words..................

the big issue with Safaricom if you look at the earnings and the share price is Ethiopia; this is really the big risk for Safaricom.

The fact that I am staying on as board chairman for Ethiopia and as an adviser to the company in Ethiopia should alleviate that worry. Ethiopia is a challenging market and I am still there.

I was chairman when Safaricom went into Ethiopia and I believe it is my duty to stay on for that. It will take four to five years before we start seeing any meaningful contribution to the company from Ethiopia.
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obiero
#119 Posted : Friday, August 11, 2023 1:44:20 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,211
Location: nairobi
My 2 cents wrote:
obiero wrote:
My 2 cents wrote:
obiero wrote:
obiero wrote:
VituVingiSana wrote:
Queen wrote:
Supply @21.25....
14 bob here I come.

Hang tight! It is getting closer.

I am staying away from Saf until there is more clarity on Ethiopia or it falls sub-10. So many higher dividend yield payers eg banks on the NSE.

Sub 10 is a pipedream

MJ throws in the towel. KES 10 previously looked improbable.. Never say never?


Relax. he resigned from Safcom Kenya to focus on Safcom Ethiopia. He is Chairman in Ethiopia.

Kenya needs him more. Let's wait and see how things go. It's not looking good to me


In MJ's own words..................

the big issue with Safaricom if you look at the earnings and the share price is Ethiopia; this is really the big risk for Safaricom.

The fact that I am staying on as board chairman for Ethiopia and as an adviser to the company in Ethiopia should alleviate that worry. Ethiopia is a challenging market and I am still there.

I was chairman when Safaricom went into Ethiopia and I believe it is my duty to stay on for that. It will take four to five years before we start seeing any meaningful contribution to the company from Ethiopia.

On new CEO "Maybe he has a different way of doing things, maybe I wouldn’t have done it that way but he certainly is a strong manager. It certainly is the end of an era; I just hope not the golden era."

KQ ABP 4.26
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My 2 cents
#120 Posted : Friday, August 11, 2023 5:47:49 PM
Rank: Veteran

Joined: 6/2/2010
Posts: 1,089
obiero wrote:
My 2 cents wrote:
obiero wrote:
My 2 cents wrote:
obiero wrote:
obiero wrote:
VituVingiSana wrote:
Queen wrote:
Supply @21.25....
14 bob here I come.

Hang tight! It is getting closer.

I am staying away from Saf until there is more clarity on Ethiopia or it falls sub-10. So many higher dividend yield payers eg banks on the NSE.

Sub 10 is a pipedream

MJ throws in the towel. KES 10 previously looked improbable.. Never say never?


Relax. he resigned from Safcom Kenya to focus on Safcom Ethiopia. He is Chairman in Ethiopia.

Kenya needs him more. Let's wait and see how things go. It's not looking good to me


In MJ's own words..................

the big issue with Safaricom if you look at the earnings and the share price is Ethiopia; this is really the big risk for Safaricom.

The fact that I am staying on as board chairman for Ethiopia and as an adviser to the company in Ethiopia should alleviate that worry. Ethiopia is a challenging market and I am still there.

I was chairman when Safaricom went into Ethiopia and I believe it is my duty to stay on for that. It will take four to five years before we start seeing any meaningful contribution to the company from Ethiopia.

On new CEO "Maybe he has a different way of doing things, maybe I wouldn’t have done it that way but he certainly is a strong manager. It certainly is the end of an era; I just hope not the golden era."


MJ says he doubted Bob Collymore too and look how that turned out. I agree with MJ, he is not great at being a board member. He'd rather be CEO. Seems his value add is limited if he is not running the show. Let him focus on Scom Ethiopia and KQ.
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