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Safaricom FY 2016 results net profit up 19.6%
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enyands
#101 Posted : Friday, July 08, 2016 8:03:22 PM
Rank: Elder

Joined: 12/25/2014
Posts: 2,301
Location: kenya
Aguytrying wrote:
@Ebenyo. I share your school of thought. I don't trust gava as a major shareholder. Infact I maintain that safcom and kcb are case studies. Whatever methods that are used in those 2 firms are working. It's very interesting why they are not plagued by the mediocrity, laissez-faire and corruption of of other gava firms and parastatals.
Don't let the titles elder and chief fool you were all learning. Even some who've been here a long time. I have watched with dismay as gava led firms have wiped out peoples portfolios here. No one can tell me otherwise. And it all boils down to corruption and how gava firms are managed. They don't really belong to anyone no one cares.
I'm also a long term investor and that's why I'm very sensitive on where I invest my money and my co- shareholders. Keep the wazua spirit burning.

Safcom should be in everyones portfolio at the right price, one day we'll get a chance



Applause Applause Applause well talked
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sparkly
#102 Posted : Friday, July 08, 2016 8:23:17 PM
Rank: Elder

Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
Ebenyo wrote:
sparkly wrote:
Ebenyo wrote:
murchr wrote:
Ebenyo wrote:
Akenyan2014 wrote:
Ebenyo wrote:
murchr wrote:


That's a vote of confidence in safaricom company.Unless the structure of the company shareholding changes,things will just be fine.
1.Vodafone-40%
2.Gok-35%
3.Free float-25%
The only unreliable partner so far here is Gok.


-It is GOK that gave birth to Saf.
-Gok has consistently provided the right environment in terms of regulation, taxation and generally healthy business environment for this and other companies to continue to thrive.
-I think no. 3 could be the unreliable partner by joining the opposition and propagating fear in the market environment.


Can you confidently relie on someone whose three quater of his annual budget is reccurent expenditure?
The other day Rotich presented a 2.1 trillion budget.1.3 trillion was expenditure.600 billion went to service debt interests.This person does not know how to invest and grow returns.Its just spend and borrow.Is that a reliable partner?


Very useless kind of thinking


Expenses does not grow wealth.It grows poverty.True and lasting wealth is created through a disciplined saving and robust investment.If you think Gok is so much reliable as an investment partner what happened to mumias,kq and eaep?.Gok is just about eat,sleep and drink politics.Everything is politicised down the middle.We cant eat politics.Gok will not build wealth to our nation throw borrowing to spend.Thats the single most aspect of their unreliability as an investment partner.That attitude informs the policy making.Look at the other firms they are in 70% shareholding like kenya power.Policy is influenced left and right hence affecting perfomance.There is too much political influence.
Safaricom has done so well mainly because vodafone wont allow Gok to bring politics in the business.


Government does not operate on earn, save, invest cycle. Public finance is about spending, borrowing and taxing. Whatever the government spends today is underwritten by taxes to be collected tomorrow.


In Africa,we are poor because we dont know how to get the best out of the little resources we have.We are enslaved in the poverty mentality cycle of spend,spend and spend.Kwani tutategemea misaada ya wazungu mpaka lini? And the wazungus are really happy to continue colonising us through the bilafateral agreements which are tilted in their favour.Sisi bora tukule tu,tuchape siasa 24/7 na masiku iende mbele.These clearly disregard wealth creation for our future generation.If USA could have been founded on the principles of EXPENDITURE,it would not have been the big economy its today.
SAFARICOM is a good company based on the structure laid down.Thats why this pension scheme invested in it.But im very weary of my Gok partner because of the reasons i have expounded.Vodafone so far so good.


My good friend Ebenyo you still have alot to learn. You speak ill of expenditure but consumption is the very basis of economics. Otherwise what is the use of producing if no one is going to buy?
Life is short. Live passionately.
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murchr
#103 Posted : Friday, July 08, 2016 8:32:16 PM
Rank: Elder

Joined: 2/26/2012
Posts: 15,980
Aguytrying wrote:
@Ebenyo. I share your school of thought. I don't trust gava as a major shareholder. Infact I maintain that safcom and kcb are case studies. Whatever methods that are used in those 2 firms are working. It's very interesting why they are not plagued by the mediocrity, laissez-faire and corruption of of other gava firms and parastatals.
Don't let the titles elder and chief fool you were all learning. Even some who've been here a long time. I have watched with dismay as gava led firms have wiped out peoples portfolios here. No one can tell me otherwise. And it all boils down to corruption and how gava firms are managed. They don't really belong to anyone no one cares.
I'm also a long term investor and that's why I'm very sensitive on where I invest my money and my co- shareholders. Keep the wazua spirit burning.

Safcom should be in everyones portfolio at the right price, one day we'll get a chance


I have watched you sing this song and miss out of Safcom at 5 , KCB(which you later divorced) as you wait for dream prices. Did you ever buy KenRe, I remember you saying that its "a share you can buy coz its undervalued". Despite GOK being the majority shareholder

Bottom Line. Stop this copy and pasting mentality and evaluate a company by its books, management and strategy. The rest is propaganda.
"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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VituVingiSana
#104 Posted : Friday, July 08, 2016 8:42:52 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,343
Location: Nairobi
Aguytrying wrote:
@Ebenyo. I share your school of thought. I don't trust gava as a major shareholder. Infact I maintain that safcom and kcb are case studies. Whatever methods that are used in those 2 firms are working. It's very interesting why they are not plagued by the mediocrity, laissez-faire and corruption of of other gava firms and parastatals.
Don't let the titles elder and chief fool you were all learning. Even some who've been here a long time. I have watched with dismay as gava led firms have wiped out peoples portfolios here. No one can tell me otherwise. And it all boils down to corruption and how gava firms are managed. They don't really belong to anyone no one cares.
I'm also a long term investor and that's why I'm very sensitive on where I invest my money and my co- shareholders. Keep the wazua spirit burning.

Safcom should be in everyones portfolio at the right price, one day we'll get a chance

Applause Applause Applause
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Aguytrying
#105 Posted : Friday, July 08, 2016 9:16:24 PM
Rank: Elder

Joined: 7/11/2010
Posts: 5,040
@murchr. If a firm doesn't pass the management test I don't even bother. I only Invest with managers I can trust.

I have clearly stated Kcb and saf are case studies. So Im wondering why they are examples.

Knre that was what I thought then. Never acted on it.

On saf. You pulled a thread from 2012,l. Wow. It was 4 years ago and I was a speculator. Do not know what I know now. Nothing to do with gava shareholding

Kcb. I clearly rationalised with facts and made a decision which I stand by even now.
The investor's chief problem - and even his worst enemy - is likely to be himself
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Ebenyo
#106 Posted : Friday, July 08, 2016 10:08:21 PM
Rank: Veteran

Joined: 4/4/2016
Posts: 2,016
Location: Kitale
Aguytrying wrote:
@Ebenyo. I share your school of thought. I don't trust gava as a major shareholder. Infact I maintain that safcom and kcb are case studies. Whatever methods that are used in those 2 firms are working. It's very interesting why they are not plagued by the mediocrity, laissez-faire and corruption of of other gava firms and parastatals.
Don't let the titles elder and chief fool you were all learning. Even some who've been here a long time. I have watched with dismay as gava led firms have wiped out peoples portfolios here. No one can tell me otherwise. And it all boils down to corruption and how gava firms are managed. They don't really belong to anyone no one cares.
I'm also a long term investor and that's why I'm very sensitive on where I invest my money and my co- shareholders. Keep the wazua spirit burning.

Safcom should be in everyones portfolio at the right price, one day we'll get a chance


@Aguy,thanks for these encouraging words.Im completely encouraged.Lets keep wazua spirit going.Hopefully one day we will meet at SAFARICOM AGM.
Towards the goal of financial freedom
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murchr
#107 Posted : Friday, July 08, 2016 10:16:09 PM
Rank: Elder

Joined: 2/26/2012
Posts: 15,980
Aguytrying wrote:
@murchr. If a firm doesn't pass the management test I don't even bother. I only Invest with managers I can trust.

I have clearly stated Kcb and saf are case studies. So Im wondering why they are examples.

Knre that was what I thought then. Never acted on it.

On saf. You pulled a thread from 2012,l. Wow. It was 4 years ago and I was a speculator. Do not know what I know now. Nothing to do with gava shareholding

Kcb. I clearly rationalised with facts and made a decision which I stand by even now.


What am saying is you're paralyzed by paranoia and have missed the bus several times.

KCB Went from 15 - 25 - 60 and now back
Safcom 3 - 5 - 19
Kenre 7 - 11 - 20

Management and GOK ownership remains the same. "well run companies with good management are biting the dust too..aren't they?"
"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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VituVingiSana
#108 Posted : Friday, July 08, 2016 11:22:30 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,343
Location: Nairobi
Aguytrying wrote:
@murchr. If a firm doesn't pass the management test I don't even bother. I only Invest with managers I can trust.

I have clearly stated Kcb and saf are case studies. So Im wondering why they are examples.

Knre that was what I thought then. Never acted on it.

On saf. You pulled a thread from 2012,l. Wow. It was 4 years ago and I was a speculator. Do not know what I know now. Nothing to do with gava shareholding

Kcb. I clearly rationalised with facts and made a decision which I stand by even now.

An expensive lesson I learnt courtesy of Olympia and KQ. Asiyefunzwa na mamaye, hufunzwa na ulimwengu. Michael Matu. Titus Naikuni. Alex Mbugua.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Aguytrying
#109 Posted : Friday, July 08, 2016 11:54:04 PM
Rank: Elder

Joined: 7/11/2010
Posts: 5,040
murchr wrote:
Aguytrying wrote:
@murchr. If a firm doesn't pass the management test I don't even bother. I only Invest with managers I can trust.

I have clearly stated Kcb and saf are case studies. So Im wondering why they are examples.

Knre that was what I thought then. Never acted on it.

On saf. You pulled a thread from 2012,l. Wow. It was 4 years ago and I was a speculator. Do not know what I know now. Nothing to do with gava shareholding

Kcb. I clearly rationalised with facts and made a decision which I stand by even now.


What am saying is you're paralyzed by paranoia and have missed the bus several times.

KCB Went from 15 - 25 - 60 and now back
Safcom 3 - 5 - 19
Kenre 7 - 11 - 20

Management and GOK ownership remains the same. "well run companies with good management are biting the dust too..aren't they?"


Maybe I wasn't clear.
I would invest in Safaricom and and to a lesser extent kcb despite Gava holding because I think their management is sound. Thats what I meant they are case studies.
So it's not a blanket statement. There are very many non gava firms that I would also not touch coz of management.
The investor's chief problem - and even his worst enemy - is likely to be himself
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murchr
#110 Posted : Saturday, July 09, 2016 12:11:11 AM
Rank: Elder

Joined: 2/26/2012
Posts: 15,980
Aguytrying wrote:
murchr wrote:
Aguytrying wrote:
@murchr. If a firm doesn't pass the management test I don't even bother. I only Invest with managers I can trust.

I have clearly stated Kcb and saf are case studies. So Im wondering why they are examples.

Knre that was what I thought then. Never acted on it.

On saf. You pulled a thread from 2012,l. Wow. It was 4 years ago and I was a speculator. Do not know what I know now. Nothing to do with gava shareholding

Kcb. I clearly rationalised with facts and made a decision which I stand by even now.


What am saying is you're paralyzed by paranoia and have missed the bus several times.

KCB Went from 15 - 25 - 60 and now back
Safcom 3 - 5 - 19
Kenre 7 - 11 - 20

Management and GOK ownership remains the same. "well run companies with good management are biting the dust too..aren't they?"


Maybe I wasn't clear.
I would invest in Safaricom and and to a lesser extent kcb despite Gava holding because I think their management is sound. Thats what I meant they are case studies.
So it's not a blanket statement. There are very many non gava firms that I would also not touch coz of management.


So now you are saying what I was saying from the beginning, its not just about gok ownership/partnership but management....Good.

Ebenyo wrote:
Can you confidently relie on someone whose three quater of his annual budget is reccurent expenditure?
The other day Rotich presented a 2.1 trillion budget.1.3 trillion was expenditure.600 billion went to service debt interests.This person does not know how to invest and grow returns.Its just spend and borrow.Is that a reliable partner?


This ^^^ kind of thinking is what you were supporting at first. But Its all good now
"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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