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safaricom die hard section.
VituVingiSana
#101 Posted : Monday, September 13, 2010 1:40:26 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,354
Location: Nairobi
Would you own a huge chunk of any firm & trust GoK to run it??? NO...

KLM has control over CEO & CFO appointments at KQ...
Vodafone has control over CEO & CFO appointments at Safaricom...

Baraclays & StanChart do the same... KCB which still has significant government control lags BBK or SCBK...
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
kyukkamba
#102 Posted : Monday, September 13, 2010 2:08:42 PM
Rank: Member

Joined: 5/28/2010
Posts: 151
mozenrat wrote:
@Sela...

2. If I were Vodaphone, Safcom would be getting the 32.6%.. After all Vodaphone owns the MPesa IP and hosts the MPesa platform(servers, network connections etc) in UK or Germany.
..


u said it all...I own everything and I end up getting 32.6%!!..S.com is the winner here..

Now Moze & Sela... I have 25k imelala kwa account and I wanna grab this S.com thing..when do u think it will click 6/= or atleat 5.50?
Ni Uhuru wa Mbesha...Niguo kana tiguo?
Ric dees
#103 Posted : Monday, September 13, 2010 2:19:52 PM
Rank: Member

Joined: 3/6/2008
Posts: 632

"The problem with Africa is that we usually send political representatives who have absolutely no depth or insight on the relevant agenda to negotiate with young ambitious western representatives and history has showed us that usually the representatives will be sleeping in a 5 star hotel,have 2 hours of breakfast then send them to the negotiating table and we honestly expect a fair result! NO!!" - Jakayo Kikwete during the world economic forum on Africa.

The greatest danger in times of turbulence is not the turbulence; it is to act with yesterday's logic.
selah
#104 Posted : Monday, September 13, 2010 2:20:53 PM
Rank: Elder

Joined: 10/13/2009
Posts: 1,950
Location: in kenya
VituVingiSana wrote:
@selah - If you own 40% of the shares... you get 40% of the dividends...


I didnt mean they are not entitled to the dividends the issue is if you own a business why would you charge for something the company has innovated as well as for being associated with you (MPESA & vodafone sarl).

My argument is IF I control the budget as well as the business plan of a company it will be out of order for me to charge an innovation that was generated by the company I invested in.

Its like Britak or Mwangi charging Equity bank for the Mkesho solution.
'......to the acknowledgment of the mystery of God, and of the Father, and of Christ; 3 In whom are hid all the treasures of wisdom and knowledge.' Colossians 2:2-3
selah
#105 Posted : Monday, September 13, 2010 3:24:03 PM
Rank: Elder

Joined: 10/13/2009
Posts: 1,950
Location: in kenya
Sms cost cut by 94%

http://goo.gl/6vUD
'......to the acknowledgment of the mystery of God, and of the Father, and of Christ; 3 In whom are hid all the treasures of wisdom and knowledge.' Colossians 2:2-3
mozenrat
#106 Posted : Monday, September 13, 2010 9:55:17 PM
Rank: Veteran

Joined: 5/18/2008
Posts: 796
selah wrote:
VituVingiSana wrote:
@selah - If you own 40% of the shares... you get 40% of the dividends...


I didnt mean they are not entitled to the dividends the issue is if you own a business why would you charge for something the company has innovated as well as for being associated with you (MPESA & vodafone sarl).

My argument is IF I control the budget as well as the business plan of a company it will be out of order for me to charge an innovation that was generated by the company I invested in.

Its like Britak or Mwangi charging Equity bank for the Mkesho solution.



That's called good business... Wacha hiyo ya two different organisations charging each other, I have worked for companies where DEPARTMENTS charge each other rent, labour etc... and you know what, it works wonders... especially when you need to cut out the fat, you can immediately tell which areas are least efficient, which areas can be outsourced..(and I believe that's what management accounting teaches us).

I've seen this even with families.. Those parents who teach their kids about compensation.. (pay your kids a salary when they work at your shop na akitaka kuanzisha biashara with your money, charge interest) those kids end up more business savvy and successful than those who are just handed over cash.. (NB// lakini I disagree with those who pay them for making their own beds or for doing household chores which everyone is doing)..

That comparison btw Mkesho/Equity doesn't hold any water. Mwangi is an employee of Equity so he can't charge them for the use of Mkesho.. His payment (for any contribution to the development of the platform) is his Salary. Mkesho is owned by either Equity or Safcom so again Britak has no say in it..
mozenrat
#107 Posted : Monday, September 13, 2010 10:12:15 PM
Rank: Veteran

Joined: 5/18/2008
Posts: 796
@kyukkamba...

I keep my sentiments about a company and about the stock separate...

With regards to Safcom... I have been so lucky.. bought at 5 and again at 3. and again at 2.90.. sold at 5.90...

Now have none... hoping and praying that the fickle shareholders of Kenya panic and it dips to 3.00 again then I dive in.

My problem is and will remain this victimhood attitude people have. Yaani rather than a guy evaluating Safcom objectively, they'll always find a way to find issue.. and its not just Safcom, any company or person that makes it legitimately..
kyt
#108 Posted : Thursday, September 16, 2010 6:07:22 PM
Rank: Elder

Joined: 11/7/2007
Posts: 2,182
@ moze, i dont think they made it legit, this guys are cons, i bought my modem at 10k. What do you call that? And they still want a refund 4 3G licence? They should also refund me!
LOVE WHAT YOU DO, DO WHAT YOU LOVE.
VituVingiSana
#109 Posted : Thursday, September 16, 2010 8:27:20 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,354
Location: Nairobi
@kyt - Well... the issue for Safaricom's 3G license is that it is not fair! The 'spectrum' is not manufactured or costs less when manufactured in bulk!

I bought a modem for 12,500/- (yes...) but it is like my phone! The phone I paid 25,000/- now costs 5,000/-... technology!
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
kyt
#110 Posted : Friday, September 17, 2010 12:17:51 AM
Rank: Elder

Joined: 11/7/2007
Posts: 2,182
my friend do you think were it not 4 orange they would have lowered? Dont think so! This guys r cons man! Even orange, its only that orange is the least conning of the 4 datawise.
LOVE WHAT YOU DO, DO WHAT YOU LOVE.
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