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Safaricom FY 2016 results net profit up 19.6%
Rank: Veteran Joined: 4/4/2016 Posts: 2,016 Location: Kitale
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murchr wrote: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 @muchir,i know one day i will die.Depending on my thinkings and attitude to life,I will either die: 1.Poor 2.Mediocre 3.Wealthy I have decided to die wealthy.And that informs my thinking.Its also the reason why im in wazua so that i WAZUA vizuri.If my thinking is useless as you say,i dont care.As long as im making steps towards my aim of becoming wealthy,im fine.So far i have bought some shares in safaricom,kengen,equity and kcb for long term gains in dividends and share price appreciation.If that is useless thinking,then im among very many people really. Towards the goal of financial freedom
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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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That "big thing" being launched kumbe is a safaricom product... possunt quia posse videntur
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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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. Vodafone invests its billions with GOK as a partner but you are too sharp to invest your thousands with GOK as a partner commmme ooooon! Life is short. Live passionately.
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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murchr wrote: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 We are in agreement. I see now. The question that we should be asking is why this is working in safaricom, KCB and KENre. But not in KQ, Mumias, NBK, Uchumi, EAPC. (Kengen, KPLC - debatable no scandals yet) The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Veteran Joined: 4/4/2016 Posts: 2,016 Location: Kitale
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Aguytrying wrote:murchr wrote: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 We are in agreement. I see now. The question that we should be asking is why this is working in safaricom, KCB and KENre. But not in KQ, Mumias, NBK, Uchumi, EAPC. (Kengen, KPLC - debatable no scandals yet) Im also in agreement.We should buy and hold safaricom,kcb and kenre.Meanwhile lets avoid kq,mumias,nbk,uchumi and eapc.Lets wait to hear from the 'Experts' about the discrepancies from the two groups. Towards the goal of financial freedom
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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Ebenyo wrote:Aguytrying wrote:murchr wrote: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 We are in agreement. I see now. The question that we should be asking is why this is working in safaricom, KCB and KENre. But not in KQ, Mumias, NBK, Uchumi, EAPC. (Kengen, KPLC - debatable no scandals yet) Im also in agreement.We should buy and hold safaricom,kcb and kenre.Meanwhile lets avoid kq,mumias,nbk,uchumi and eapc.Lets wait to hear from the 'Experts' about the discrepancies from the two groups. Yes this will help us understand the dynamic and maybe what to look out for if incase the former group starts transforming into the latter. Or even vice versa The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Elder Joined: 12/4/2009 Posts: 10,804 Location: NAIROBI
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Kenya Re good management and politics has been kept out of the company. Precedence was set during NARC and opposition pre 2002 elections when the opposition led by Anyang Nyong'o blocked attempts to sell it cheap to Zimbabwe Re by the KANU government. From then sky has been the limit for the company; where is Zimbabwe Re now. Kenya Re is a shining reinsurer in African continent. That is what happens when good people stand out against bad management. Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Chief Joined: 1/3/2007 Posts: 18,343 Location: Nairobi
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Ericsson wrote:Kenya Re good management and politics has been kept out of the company.
Precedence was set during NARC and opposition pre 2002 elections when the opposition led by Anyang Nyong'o blocked attempts to sell it cheap to Zimbabwe Re by the KANU government.
From then sky has been the limit for the company; where is Zimbabwe Re now.
Kenya Re is a shining reinsurer in African continent.
That is what happens when good people stand out against bad management.
Don't you mean when good management (eg Mwarania) stand up to bad people (take your pick of crooks in GoK - NYS, NCPB, etc)? Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 12/4/2009 Posts: 10,804 Location: NAIROBI
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Yes they do and it depends on which side of the mkate nusu the particular institution falls under. E.g safaricom where gava owns 40% is majorly on the TNA side TKL which has now just being taken over by Hellios and GoK owns 40% henceforth is on the URP side and that's why John Barorot has been appointed the CTO. Now look at how the management of the two firms will be played out. Same case applies to energy sector where Kengen is on the TNA side while KPLC is on the URP Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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Ericsson wrote:Yes they do and it depends on which side of the mkate nusu the particular institution falls under.
E.g safaricom where gava owns 40% is majorly on the TNA side
TKL which has now just being taken over by Hellios and GoK owns 40% henceforth is on the URP side and that's why John Barorot has been appointed the CTO.
Now look at how the management of the two firms will be played out.
Same case applies to energy sector where Kengen is on the TNA side while KPLC is on the URP This is the most plausible explanation I've heard.... The investor's chief problem - and even his worst enemy - is likely to be himself
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Safaricom FY 2016 results net profit up 19.6%
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