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Safaricom FY 2012-2013 results PBT up 47%
Rank: Member Joined: 6/14/2010 Posts: 521 Location: Nairobi
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Ericsson wrote:Safaricom is now trading at a P/E of 16,EABL at a P/E of 22.
That is very high.
Equity Bank and KCB are trading at P/E of about 10.
Now imagine if KCB and Equity were trading at similar P/Es to Safaricom and EABL what their share price would have been.
@VituVingiSana;I concur with you look elsewhere at counters with PERs of less than 10 and with potential for growth in the future. @Ericsson @VV Which counters would you suggest for now [url=https://www.facebook.com/AdeptTranport]Adept Tranport Services[/url]
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Rank: Elder Joined: 6/2/2011 Posts: 4,818 Location: -1.2107, 36.8831
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Ericsson wrote:Safaricom is now trading at a P/E of 16,EABL at a P/E of 22.
That is very high.
Equity Bank and KCB are trading at P/E of about 10.
Now imagine if KCB and Equity were trading at similar P/Es to Safaricom and EABL what their share price would have been.
@VituVingiSana;I concur with you look elsewhere at counters with PERs of less than 10 and with potential for growth in the future. to the best of my knowledge, its not wise to compare P/E of firms in different sectors. Receive with simplicity everything that happens to you.” ― Rashi
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Rank: Member Joined: 5/2/2007 Posts: 536
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dunkang wrote:Ericsson wrote:Safaricom is now trading at a P/E of 16,EABL at a P/E of 22.
That is very high.
Equity Bank and KCB are trading at P/E of about 10.
Now imagine if KCB and Equity were trading at similar P/Es to Safaricom and EABL what their share price would have been.
@VituVingiSana;I concur with you look elsewhere at counters with PERs of less than 10 and with potential for growth in the future. to the best of my knowledge, its not wise to compare P/E of firms in different sectors. True. High Tech companies tend to have higher P/Es than say banks.
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Rank: Elder Joined: 9/23/2010 Posts: 2,221 Location: Sundowner,Amboseli
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Ignore Scom and you surely will lose out. Those comparing PEs of growth stocks with those of Div stocks are missing the point. @SufficientlyP
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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Sufficiently Philanga....thropic wrote:Ignore Scom and you surely will lose out.
Those comparing PEs of growth stocks with those of Div stocks are missing the point. I foresee this thing trading back at PER above 20 which means price will scale past 8.80.
Waiting to see those all time highs. EABL also looks poised to test 400. These 2 are on foreigners bid barrels.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Elder Joined: 12/4/2009 Posts: 10,702 Location: NAIROBI
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@Sufficiently Philanga....thropic;Murphys Law;what goes up must come down. Safaricom price will come down and we will buy into it. Nobody has said ignore safcom;what is being said is that for now the room for making huge gains in scom is low as compared to a promising stock with the qualities mentioned by VituVingiSana Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 9/23/2010 Posts: 2,221 Location: Sundowner,Amboseli
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Ericsson wrote:@Sufficiently Philanga....thropic;Murphys Law;what goes up must come down.
Safaricom price will come down and we will buy into it.
Nobody has said ignore safcom;what is being said is that for now the room for making huge gains in scom is low as compared to a promising stock with the qualities mentioned by VituVingiSana Hope you got my point. @SufficientlyP
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Rank: Elder Joined: 9/23/2010 Posts: 2,221 Location: Sundowner,Amboseli
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hisah wrote:Sufficiently Philanga....thropic wrote:Ignore Scom and you surely will lose out.
Those comparing PEs of growth stocks with those of Div stocks are missing the point. I foresee this thing trading back at PER above 20 which means price will scale past 8.80.
Waiting to see those all time highs. EABL also looks poised to test 400. These 2 are on foreigners bid barrels.
Interesting times. Those still waiting for PEs to fall sub 10, all the best. This is the year of Jubilee. You will wait for a while,while we....... #makingmoney2013 @SufficientlyP
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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Bob had estimated revenues would clock 12% when he released the H1 results back in Nov 2012 - http://www.reuters.com/a...s-idUSL5E8M8D1P20121108
Revenues rose by 13% for the full year. $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Elder Joined: 9/15/2006 Posts: 3,905
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Maybe the foreigners, who definitely drive the moves in SCOM, are still asleep. I noted key financial media picked up on news of the results almost instantly.
Bids 1,354,000 @ 7.10
Offers 4,640,900 @ 7.15
Avg Price today and Last trade @ 7.10
Is Safaricom now the first company giving earnings guidance in the NSE? I even saw a slide of projected FCF for next financial year showing 10% increase
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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Btw that div hike to 31cts means mpesa bank will pay out 12.4B as dividend. I wonder when other KE firms will reach such a dividend pay bill. Can we say this dividend pay is immoral or what  $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Member Joined: 6/14/2010 Posts: 521 Location: Nairobi
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hisah wrote:Btw that div hike to 31cts means mpesa bank will pay out 12.4B as dividend. I wonder when other KE firms will reach such a dividend pay bill. Can we say this dividend pay is immoral or what Not forgetting that a good portion of it will also be paid via mpesa bank [url=https://www.facebook.com/AdeptTranport]Adept Tranport Services[/url]
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Rank: Member Joined: 2/20/2008 Posts: 84
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The optimist wrote:hisah wrote:Btw that div hike to 31cts means mpesa bank will pay out 12.4B as dividend. I wonder when other KE firms will reach such a dividend pay bill. Can we say this dividend pay is immoral or what Not forgetting that a good portion of it will also be paid via mpesa bank nice..means more revenue retained Life and beer are very similar........chill for best results.
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Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery
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SCOM is a mature company hence the 70% dividend payout ratio. Growth stocks i.e TCL or ARM pay little dividends cos they have to retain most of their profits to fuel growth.
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Rank: Elder Joined: 9/29/2006 Posts: 2,570
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the deal wrote:SCOM is a mature company hence the 70% dividend payout ratio. Growth stocks i.e TCL or ARM pay little dividends cos they have to retain most of their profits to fuel growth. What do they (Scom) r-e-a-l-l-y sell? Expenses ni gani? Should pay 90% The opposite of courage is not cowardice, it's conformity.
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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#word #kestrel >>> The share price is fairly valued at current levels: Following the announcement, Safaricom now trades at a P/E of 15.7x, dividend yield of 4.5% and ROE of 21.9% compared to MTN’s P/E of 16.1x, dividend yield of 4.7% and ROE 23.3%. The market average P/E is 15.3x and dividend yield 3.4%. We maintain our ACCUMULATE recommendation (buy on price dips).
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Rank: Veteran Joined: 2/2/2012 Posts: 1,134 Location: Nairobi
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Jaina wrote:Vodacom gets 4.96B and Mobitelea Bags 372M in dividends. Wow!.
Kweli NSE is not a Fish Market.
Mobitelea was bought out of Vodafone Kenya Limited [VKL] by Vodafone PLC. It no longer has any beneficial ownership in SCOM.... But even if it did, the dividend cheque would go to VKL and the directors of VKL would decide whether to distribute it or not; remember that Mobitelea had a minute share of VKL....
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Rank: Veteran Joined: 2/2/2012 Posts: 1,134 Location: Nairobi
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SCOM internet revenue = 6.31bn
Access Kenya total revenue = 1.9bn
Interesting, isn't it?
Even more interesting...
SCOM growth in internet revenue is 21% while that of AK is a megre 9%.
And some one wants to buy out AK....
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Rank: Elder Joined: 6/2/2011 Posts: 4,818 Location: -1.2107, 36.8831
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Am looking at CCK Dec 2012 report and am more than ever, confident that Safaricom is a must have! .................................. SAFCOM ..... OTHERS Subscribers share ..... 64.5% ......... 35.5% Voice traffic share .... 77.5% ......... 22.5% Mobile data share .... 72.6% ......... 27.6% SMS market share .... 93.7% ......... 06.3% Receive with simplicity everything that happens to you.” ― Rashi
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Rank: Member Joined: 5/2/2007 Posts: 536
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as some demand comes into the market:
BIDS 11.03M
Qty Price Splits Time
6.27M 7.20 14 11:04:06
1.01M 7.15 7 11:04:06
514,600 7.10 9 11:04:06
2.00M 7.05 2 11:04:06
1.10M 7.00 8 11:04:06
ASKS 2.23M
Qty Price Splits Time
521,800 7.25 9 11:04:06
1.05M 7.30 8 11:04:06
71,000 7.35 2 11:04:06
37,300 7.40 6 11:04:06
5,000 7.45 1 11:04:06
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