Wazua
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Safaricom HY17
Rank: Elder Joined: 9/15/2006 Posts: 3,905
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What is this 3.4bn one-off adjustment, everywhere?Net Income increased by 32.4% to Kshs 23.9bn. Excluding one off balance sheet adjustment of Kshs 3.4bn leaves Net Income growth of 13.8% Meanwhile: H1 FY17 Results PresentationH1 FY17 Press Commentary
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Rank: Elder Joined: 12/4/2009 Posts: 10,701 Location: NAIROBI
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Profit before tax ksh.34.49bn Profit after tax ksh.23.93bn Full year profit is in the range of 70bn before tax Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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Ericsson wrote:Profit before tax ksh.34.49bn
Profit after tax ksh.23.93bn
Full year profit is in the range of 70bn before tax  Monster...si they advance KQ some cash. possunt quia posse videntur
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Rank: Elder Joined: 7/21/2010 Posts: 6,183 Location: nairobi
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Good for the nse "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Veteran Joined: 8/10/2014 Posts: 976 Location: Kenya
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Ericsson wrote:Profit before tax ksh.34.49bn
Profit after tax ksh.23.93bn
Full year profit is in the range of 70bn before tax Should be bigger than 3 of the biggest banks in Kenya combined (together with their regional businesses)
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Rank: Elder Joined: 12/4/2009 Posts: 10,701 Location: NAIROBI
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Borrowings of ksh.16.57bn as at September 30 2016 Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 3/2/2009 Posts: 26,328 Location: Masada
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Is this quoted statement from Citizen TV correct? Me dont think so. Coz if they meant Revenue per annum, then even KQ has been there for the loooongest! Even KK, Total etc!  Quote:“Safaricom is the only Kenyan Company and one of the 400 companies in Africa making over $1 billion revenues in a year,” Safaricom Chief Executive Officer Bob Collymore said during the release of the results. Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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Rank: New-farer Joined: 6/10/2013 Posts: 52
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The one off adjustment was due to a litigation provision which was added back in as the litigation was settled favourably.
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Rank: Member Joined: 10/26/2015 Posts: 151
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Impunity wrote:Is this quoted statement from Citizen TV correct? Me dont think so. Coz if they meant Revenue per annum, then even KQ has been there for the loooongest! Even KK, Total etc! Quote:“Safaricom is the only Kenyan Company and one of the 400 companies in Africa making over $1 billion revenues in a year,” Safaricom Chief Executive Officer Bob Collymore said during the release of the results. with this kind of perfomance, it's a race to the $1bn PBT mark
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Rank: Chief Joined: 1/3/2007 Posts: 18,118 Location: Nairobi
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maka wrote:Ericsson wrote:Profit before tax ksh.34.49bn
Profit after tax ksh.23.93bn
Full year profit is in the range of 70bn before tax Monster...si they advance KQ some cash.  @Safaricom is run by @Vodafone not GoK... 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: 10,701 Location: NAIROBI
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GoK runs institutions. Vodafone runs enterprises Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 3/2/2009 Posts: 26,328 Location: Masada
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VituVingiSana wrote:maka wrote:Ericsson wrote:Profit before tax ksh.34.49bn
Profit after tax ksh.23.93bn
Full year profit is in the range of 70bn before tax Monster...si they advance KQ some cash. @Safaricom is run by @Vodafone not GoK... Gaaament provides the favorable environment!  Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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Rank: Chief Joined: 1/3/2007 Posts: 18,118 Location: Nairobi
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Pole sana for my error.  quot; quot; quot; quot; Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 7/22/2009 Posts: 7,460
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Rank: Elder Joined: 3/2/2009 Posts: 26,328 Location: Masada
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While you ponder what to do with your 0.66 cents dividends, some of us (obiero) have doubled our millions in capital gains at kq and bolted..waiting to enter again at the trough-levels. Like you have a million worth of CAPITAL at Safcom giving you say 30K shillings dividend in a year while astute traders like @obiero and I&I multiply the million shillings by 2 in two months! Tafakari hayo.  Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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Impunity wrote:While you ponder what to do with your 0.66 cents dividends, some of us (obiero) have doubled our millions in capital gains at kq and bolted..waiting to enter again at the trough-levels. Like you have a million worth of CAPITAL at Safcom giving you say 30K shillings dividend in a year while astute traders like @obiero and I&I multiply the million shillings by 2 in two months! Tafakari hayo. Conveniently forgetting that Safaricom moved from 5-20 after listing while KQ has moved from 130-6 in the same period boom! Life is short. Live passionately.
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Rank: Elder Joined: 7/22/2009 Posts: 7,460
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sparkly wrote:Impunity wrote:While you ponder what to do with your 0.66 cents dividends, some of us (obiero) have doubled our millions in capital gains at kq and bolted..waiting to enter again at the trough-levels. Like you have a million worth of CAPITAL at Safcom giving you say 30K shillings dividend in a year while astute traders like @obiero and I&I multiply the million shillings by 2 in two months! Tafakari hayo. Conveniently forgetting that Safaricom moved from 5-20 after listing while KQ has moved from 130-6 in the same period boom! Wacha hata hiyo! That Safaricom was once at 2.xy and the shares bought at that price zilirudisha pesa kitambo through dividends and future dividends is "free money" and the 20/= capital value is also "free money"!!! Alafu anataja @Obiero for support because he cannot stand alone. He he he. And it is not 0.66 @Impunity. Everything is double double.... say double double... Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
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Rank: Elder Joined: 3/2/2009 Posts: 26,328 Location: Masada
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sparkly wrote:Impunity wrote:While you ponder what to do with your 0.66 cents dividends, some of us (obiero) have doubled our millions in capital gains at kq and bolted..waiting to enter again at the trough-levels. Like you have a million worth of CAPITAL at Safcom giving you say 30K shillings dividend in a year while astute traders like @obiero and I&I multiply the million shillings by 2 in two months! Tafakari hayo. Conveniently forgetting that Safaricom moved from 5-20 after listing while KQ has moved from 130-6 in the same period boom! Conviniently assuming he bought Safcon at 5 bob. What was safcom 3 months ago? What was KQ 3 months ago? Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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Rank: Elder Joined: 7/22/2009 Posts: 7,460
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One more thing @Impunity, one million at 2.5/= (some were actually bought at lower than that) gives you 400,000 shares. Do you have any idea how much was paid on that in a span of one week??? And that is this year alone. Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
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Rank: Elder Joined: 7/22/2009 Posts: 7,460
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Impunity wrote:sparkly wrote:Impunity wrote:While you ponder what to do with your 0.66 cents dividends, some of us (obiero) have doubled our millions in capital gains at kq and bolted..waiting to enter again at the trough-levels. Like you have a million worth of CAPITAL at Safcom giving you say 30K shillings dividend in a year while astute traders like @obiero and I&I multiply the million shillings by 2 in two months! Tafakari hayo. Conveniently forgetting that Safaricom moved from 5-20 after listing while KQ has moved from 130-6 in the same period boom! Conviniently assuming he bought Safcon at 5 bob. What was safcom 3 months ago? What was KQ 3 months ago? I was buying Safcom long before you completed your welding course!!! Do the math! Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
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