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4 Heads Roll - the Safaricom purge begins
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McReggae
#11 Posted : Wednesday, March 23, 2011 4:09:49 PM
Rank: Elder

Joined: 6/17/2008
Posts: 23,365
Location: Nairobi
XSK wrote:
chemos wrote:
4 Chief officers have been shown the door today. Bob the tweet to make a press conference at 3:45.


Oh my! Bob was therefore kidding when he indicated that no one will be shown the door?


......what do you expect when you canr take a lower job....you walk!!!!!
..."Wewe ni mtu mdogo sana....na mwenye amekuandika pia ni mtu mdogo sana!".
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Impunity
#12 Posted : Wednesday, March 23, 2011 4:11:56 PM
Rank: Elder

Joined: 3/2/2009
Posts: 26,331
Location: Masada
I hope the share will panda to 5 bob 10m cents before end of March!
Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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selah
#13 Posted : Wednesday, March 23, 2011 4:13:35 PM
Rank: Elder

Joined: 10/13/2009
Posts: 1,950
Location: in kenya
Olu wrote:
Spot on....Believing that there will be no job cuts in safcom is like believing that neveready will rise to 20 bob


I dont think its a job cut when you are redeployed to a junior position you have the alternative of eating the humble pie or quiting I think these senior manager chose the latter.
'......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
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accomplished
#14 Posted : Wednesday, March 23, 2011 4:46:09 PM
Rank: New-farer

Joined: 3/11/2011
Posts: 12
@All what is the expected result of this to the share price given the current market conditions?
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Cde Monomotapa
#15 Posted : Wednesday, March 23, 2011 5:02:56 PM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
Impunity wrote:
I hope the share will panda to 5 bob 10m cents before end of March!

The salary absence of a few fired bosses can't plug the hole of the revenue drops c/o tariff wars. I wouldn't kid myself even for a second!!
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Gordon Gekko
#16 Posted : Wednesday, March 23, 2011 5:07:51 PM
Rank: Elder

Joined: 5/27/2008
Posts: 3,760
KulaRaha wrote:
My fund is ready...I have a 1000 bob scratchcard I got free after buying Mum's Ideos.

McReggae, dont worry, for you Ive saved 100 bob no matter how many heads roll.


@eatfun, the IDEOS also comes with 600MB, any chance you can swing that my way since I KNOW she doesn't bookface?
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Gadaffi
#17 Posted : Wednesday, March 23, 2011 7:45:54 PM
Rank: Member

Joined: 2/13/2011
Posts: 284
Location: Nairobi
Cde Monomotapa wrote:
Impunity wrote:
I hope the share will panda to 5 bob 10m cents before end of March!

The salary absence of a few fired bosses can't plug the hole of the revenue drops c/o tariff wars. I wouldn't kid myself even for a second!!

i agree, safcom will hv 2 do more to contain costs. the whole restructuring was all about improving efficiency n avoiding incomed leakage thro sm big tym frauds, thats why finance n procurement were merged 4 ease of audit n accountability.
at 5 bob by end march?, that nt possible considerin they will announcin their results around that same time, i expect a furthur drop
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Renegade
#18 Posted : Thursday, March 24, 2011 9:26:05 AM
Rank: Member

Joined: 4/18/2009
Posts: 118
Safcom made 19.3 cts in first half. Assume that this drops to 60% in second half. Full Year EPS will then be 31 cts. Lower growth in future should result in lower PE for the Co. - not more than 12. Current price is too high!
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KulaRaha
#19 Posted : Thursday, March 24, 2011 9:36:39 AM
Rank: Elder

Joined: 7/26/2007
Posts: 6,514
Gordon Gekko wrote:
KulaRaha wrote:
My fund is ready...I have a 1000 bob scratchcard I got free after buying Mum's Ideos.

McReggae, dont worry, for you Ive saved 100 bob no matter how many heads roll.


@eatfun, the IDEOS also comes with 600MB, any chance you can swing that my way since I KNOW she doesn't bookface?


Ebu tell me how do I get that 600MB?? Mum was shocked she could even read news on her mobile when I hooked it up to my wifi LOL
Business opportunities are like buses,there's always another one coming
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selah
#20 Posted : Thursday, March 24, 2011 9:42:39 AM
Rank: Elder

Joined: 10/13/2009
Posts: 1,950
Location: in kenya
apparently someone is facing charges for threatening MJ after an under hand deal went sour.

what am wondering could his claims that MJ was involved in a fuel scandal in safaricom be True also he claims there has been corruption in the tendering process of non core services like security,gym and cleaning services.
'......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
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