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Goodness!!! Safaricom HY 2011-2012 RESULTS Down 50%
Rank: Member Joined: 2/22/2010 Posts: 510 Location: De egg
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What is the true value of Safaricom . Emotions Aside . Educate the Girl child . Zaidia Wanjiku . Peace be with you
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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Cde Monomotapa wrote:2.25
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Rank: Elder Joined: 11/27/2007 Posts: 3,604
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In as much as the counter may seem as if it is in the disastor level i can assure you that it will not pull an ever ready. African parents don't know how to say sorry.. the closest you will get to a sorry is a 'have you eaten'
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Rank: Elder Joined: 7/21/2010 Posts: 6,183 Location: nairobi
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The long awaited wedding between safcom and eveready takes place tomorrow 9.30am kenyan time at the nse where they will vow before investors to live together as husband and wife!!!..please be seated. "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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Bottom line, I still hold a lot of respect for the GoK being extra shrewd by packaging a 50B IPO and selling history to the investing public  credits go out to Uncle Hon. Kimunya (best Finance Minister ever!) and Scangroup ;-)
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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Rank: Veteran Joined: 7/22/2011 Posts: 1,325
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Interesting, so there problem is managerial not realy the product itself. That can be fixed, they need to do a paradigm shift and focus on the bottom line, profits!!! Im just wondering how their operational income and other expenses rose by 50%??? This shows very bad financial decision making by management. Hopefully in 3-5 years, it will have sorted this out, I sense a good opportunity to buy when it completely crashes!
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Rank: Elder Joined: 7/21/2010 Posts: 6,183 Location: nairobi
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Safcom spends bigtime on adverts and now forex eats 1.3b but going forward i think 2nd half will be better due to a strengthening shilling,easing inflation and expense cuts. "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Elder Joined: 11/27/2007 Posts: 3,604
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How long will the 10% rule be lifted after an important announcement on a counter? African parents don't know how to say sorry.. the closest you will get to a sorry is a 'have you eaten'
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Rank: Member Joined: 11/21/2007 Posts: 152 Location: Nairobi
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can some pls educate me on when a co is required to issue a profit warning?
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Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
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QW25081985 wrote:you guys really intrigue me its like safcom has been trading in the 6-7 bob now it fallen to 3 bob ..lol.this stock has been bartered with all sort of bad news you ccan imagine but has still held well.
Investors are forward thinking (atleast smart money)and tomorrow we might be surprised when huge demand comes through..
this is one heck of a resilient stock...and thats what i like it for .. DELUSIONAL!! thats all I can say Mark 12:29
Deuteronomy 4:16
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Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
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Ilikeyou wrote:can some pls educate me on when a co is required to issue a profit warning? Profit warnings are issued at the discretion of the company.. They are not at all compulsory! Mark 12:29
Deuteronomy 4:16
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Rank: Elder Joined: 11/27/2007 Posts: 3,604
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Ilikeyou wrote:can some pls educate me on when a co is required to issue a profit warning? thiis is when a listed company informs the shareholders that their perfomance shall be lower than the previous period. The essance should be that if at all one is buying he is aware of that when determining the valuation. African parents don't know how to say sorry.. the closest you will get to a sorry is a 'have you eaten'
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Rank: Veteran Joined: 10/17/2008 Posts: 1,234
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guru267 wrote:Ilikeyou wrote:can some pls educate me on when a co is required to issue a profit warning? Profit warnings are issued at the discretion of the company.. They are not at all compulsory! Wrong! "(1) An issuer shall disclose all material information and make a public announcement of: ......... .......... ........,, ........... (f) any profit warning, where there is a material discrepancy between the projected earnings for the current financial year and the level of earnings in the previous financial year. (2) For the purposes of subparagraph (1)(f), the expression “material discrepancy” in relation to projected earnings fora financial year means that such earnings are at least 25% lower than the level of earnings in the previous financial year." THE CAPITAL MARKETS (SECURITIES) (PUBLIC OFFERS, LISTING AND DISCLOSURES) REGULATIONS, 2002, 5th Schedule
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Rank: Member Joined: 11/21/2007 Posts: 152 Location: Nairobi
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@Sober, @guru267, @ Mpenzi Thanks so much. I am now educated.
@ Mpenzi,thought Safcon need to have issued Profit warning Then?
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Rank: Veteran Joined: 10/17/2008 Posts: 1,234
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Ilikeyou wrote:@Sober, @guru267, @ Mpenzi Thanks so much. I am now educated.
@ Mpenzi,thought Safcon need to have issued Profit warning Then? These were half year results. I expect Safcon to issue a profit warning in the 2nd half of its financial year unless a miracle happens.
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Rank: Elder Joined: 9/15/2006 Posts: 3,905
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@Mpenzi, well said. Profit warning for FY results a must. Isn't it ironical how many Wazuans were agitating for a profit warning Mar 2011 (when tariffs were first reduced) only to be disappointed. And now it happens unexpected...
I also found this interesting:
Revenue shows company performed well in a tough environment, yet profit before taxation declined (5.0b)
If you take Operating Expenses (4.9b) and Selling General Administrative Expenses (1.7b) you get the missing 6.3b
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Rank: Elder Joined: 9/29/2006 Posts: 2,570
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Sober wrote:How long will the 10% rule be lifted after an important announcement on a counter? Just a day. The opposite of courage is not cowardice, it's conformity.
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Rank: Member Joined: 9/26/2006 Posts: 404 Location: CENTRAL PROVINCE
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muganda wrote:An army is hierachical, its autocratic leader instills fear, and many a rival despise its achievements. A social movement is all-inclusive, its leader takes time to build consensus, and goodwill felt on all fronts is welcome. mlennyma wrote:The end of an era. Profitability list reads Eabl, KCB, Equity, BBK then Safaricom. Cde Monomotapa wrote:Maybe these are Safaricom Foundation's numbers The army excels in Execution yet a social movement breeds equality. 50% down and shareholder value elusive; I must wonder, Why 'progress' is so painful?
Is it likely that Vodafone is doing better than Safaricom?
For HY Revenue Up 4%
with EBITDA margin 32%
decline in net profit 3%
interim+special dividend up 7% (for a 7% yield)? Or Vodacom is doing better than Safaricom?
For HY Revenue up 8%
with EBITDA margin of 35%
increase in net profit 3%
interim dividend up 44% (for a 7% yield) Nice! Seems people have never realised that the MPESA doesn't belong to Safaricom......Safcom is just a tenant and the bulk of the profits (nay calculated as percentage of revenue) are shipped to England. The GoK was very strategic in disposing Safcom when it was at its peak. Happy Hunting.
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Rank: Member Joined: 11/21/2006 Posts: 608 Location: Ruiru
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I spent the whole of last night consulting on this. There some intelligence quarters that are of opinion this might be stage managed to create an impression that Scom is doing badly to devalue the stock price. According to my sources, they believe sub-2/= is possible. They will buy in bulk at the that level. The performance will improve eventually n so will stock price to 5/= n they will dispose their bulk holding. There you have it...campaign funds PAP! "..I am because we are. "― Ubuntu, Umtu,
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Goodness!!! Safaricom HY 2011-2012 RESULTS Down 50%
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