LOL! Did anyone catch that 'analyst' from SIB on CNBC Africa (Wednesday Morning) right after MJ's interview?

That Ksh533m is for fx gain on a loan...Anybody hold East Africa Portland shares?

It could be Ksh1bn loss next yr. Or in the 2nd half.

As I mentioned earlier,Safcom also got lower tax rate...

Sell and wait until next March

www.mjengakenya.blogspot.com

It would not be prudent to dismiss the guys selling off as a 6month bet/wait is really not gambling and many actually need their money and had been advised to expect price gain but oops. However i insist it's a big mistake,read that balance sheet,their capital expenditure is twice this 9billion profit for very good reasons,to force a higher profit like 15billion for MJ to please folk is so so easy. Affordable communication to wananchi is a Safaricom vision being built in many ways. Forget Mpesa,This fibre optic cable being laid in kawangware/waithaka/dandora everywhere the trenches have been dug,picture landline calls for say 50cents per minute and supersonic internet in kawangware and every home for 200bob per month,then tell me safcom can be compared to Zain or for that matter any Kenya Company in anyway. At these prices,if you have money buy,i guarantee Safaricom will be the first billion dollar profit company in the Region. This stories of vuka touching safcom in anyway are baseless,Zain has little vision,it was destroyed by the first kafrench CEO simply because of the Key CEO attribute,VISION,let the price fall


Learn something new everyday

@McReggae,

Post paid customers may currently be 2% of Safcon's clients but you can rest assured that if Safaricom continues discriminating against them during promotions as it has been doing,they will all switch to Pre-paid. A good example is the current promotion: think about it - Practically all Post-paid customers spend more than shs. 3000 a month yet during the current promotion,they are to make calls at shs. 4 a minute.

Compare this to the guy on Pre-paid who buys a shs. 1000 scratch card,despite spending only 1/3 of what the person on post-paid spends,he gets to talks at shs.3 a minute and does not have to pay a fixed charge at the end of the month. You come to realise that Post-paid customers are getting a raw deal.

@ All of you still on Safaricom Post-paid,

Why haven't you switched to Pre-paid yet?


Me Jigsaw Puzzle Man.

on safcom I believe the results were good and in my view pple should buy the shares before the prices start rising next year.

Watu wachangamuke