I first bought this thing at 6.50, averaged down to about 5. I only have 10 ct dividend to show for 2 yrs lakini no prob. I will buy again ex-div.

haha..interesting comments we got here.
honestly i hope Zain does have a long term strategy behind their drastic cut down of tariff's.If not then Safaricom's predicaments are just temporary.

Agreed. Safcom may look juicy if it will slide to 4 bob. I will watch it on the sidelines like I have done the past year. I will start looking at it from around 4.5

I have gone thru the safaricom prospectus once again and realised that VODAFONE plc is screwing us big time.Take for instance this provisions.

1. Safaricom is mandated to give vodafone plc 0.5% of all revenues just because safaricom uses the vodafone roaming services.(why cant it be charged according to usange i.e like the interconnect charges, as opposed to a pecentage of all revenues.

2.Vodafone plc gets 32.6% of all revenues generated by M-PESA and mind you safaricom does not own the mpesa solution but its owned by vodafone plc.

3.On top of all that vodafone is entitle to 40% of dividend declared.

I didnt read all other vodafone entitlement but as a Die hard safaricom Iam left wondering what the 40% shareholding was for if they were to get extra from that partnership.

Another thing is the vodafone plc controls the budget,business plan and appointment of the managing director and the CFO .So whats the point of AGMS if Shareholders have no say whatsover on the running of the company.

@Sela, thats scaring, and this is where we fall short (either by design or sheer incompetence) in negotiating esp when the client is a government of Kenya agency (e.g former Telkom in the Safcom case). Someone f**kd us up BIG time here.