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Safaricom FY17 PBT 67BN
Rank: Member Joined: 10/6/2015 Posts: 249 Location: Nairobi
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Yaani today mpesa bank moved over 53M shares,these buyers should take a chill pill,waiache tu ifike 15bob Never lose your position in a bull market,BTFD.
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Rank: Elder Joined: 12/4/2009 Posts: 10,701 Location: NAIROBI
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Kenya’s Safaricom plans to expand in Africa Kenya’s main mobile phone operator, is planning cross-border expansion for the first time, into the untapped market for ecommerce and mobile payments, according to its chief executive Bob Collymore. Mr Collymore said Safaricom, would initially target its east African neighbours, but is also considering west Africa. The company’s market capitalisation reached $10.5bn on August 29 after its share price hit an all-time high of Ks27.25 but this has slipped by 9 per cent in the stock market sell-off after the supreme court nullified the result of last month’s presidential election. Analysts said the big prize would be to establish a foothold in Ethiopia, which this year overtook Kenya as the largest economy in the region and has a population of 100m. But they acknowledged it would be hard, because foreign banks, telecom companies and retailers are banned from the country. Other countries would see Safaricom as “a bit more of a threat if we come in as a mobile operator”, Mr Collymore told the Financial Times in an interview. “But . . . we want to go into white space . . . space that no one is in at the moment and no one is in ecommerce.” https://www.ft.com/conte...a-11e7-a352-e46f43c5825dWealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 12/4/2009 Posts: 10,701 Location: NAIROBI
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Vodafone Sells Down Shareholding in South Africa's VodacomJOHANNESBURG — Vodafone has sold down its stake in South African subsidiary Vodacom by 5.2 percentage points, it announced on Wednesday, sending the African mobile firm's share price down by more than 6 percent. The sale of 90 million shares for 14.85 billion rand (£880.26 million) in a private placement reduces Vodafone's stake in Vodacom to 64.5 percent. The sale follows Vodafone's move to consolidate its African holdings by selling most of its holding in Kenya's Safaricom to Vodacom in exchange for a larger stake in the South African company. That deal pushed the proportion of the South African firm's shares that are traded on the Johannesburg Security Exchange below the JSE's minimum threshold of 20 percent. "As part of the Safaricom transaction, Vodafone therefore committed to Vodacom that it would sell down a sufficient number of shares to ensure that Vodacom will meet the 20 percent minimum free float requirement on the JSE," Vodafone and Vodacom said in a combined statement. After the South African market closed on Tuesday Vodafone sold the shares to institutional investors for 165 rand apiece, which compared with Vodacom's closing price of 178.30 rand. Shares in Vodacom, South Africa's market leader which now also holds a 35 percent stake in Safaricom, were down 6.5 percent at 166.75 rand at 1049 GMT. https://www.nytimes.com/...vodacom-grp.html?mcubz=3Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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Quote:Kenya’s largest operator Safaricom is eyeing expansion across Africa, with the view of establishing its e-commerce and mobile payments solutions in untapped markets of the region.
In an interview with Financial Times (FT), Safaricom’s CEO Bob Collymore (pictured) said he wanted to take the company’s planned e-commerce platform, dubbed Masoko, “into the white space… space that no one is in at the moment”.
Collymore said the company would initially target neighbouring countries in East Africa, but was also considering expanding into West Africa. However, he suggested the plans might not extend to growing its presence as a mobile operator, as countries would consider this “as a bit more of a threat”.
The CEO seemingly has designs on establishing an operation similar to China’s Alibaba, which combines e-commerce and mobile payments. He plans to create a marketplace connecting businesses to consumers and other businesses.
Safaricom’s planned expansion will be funded by its mobile business in Kenya, which recorded profit of $685 million in the year to end-March 2017, FT reported. Sales grew 32 per cent year-on-year, largely driven by its m-Pesa mobile money service.
Shackles are off
Collymore, who was in May handed a two year extension to his contract as CEO, added the company’s long-term goals have been aided by the completion of Vodacom’s 35 per cent stake acquisition of the Kenyan operator from parent company Vodafone Group.
“This really unshackled us,” said Collymore, stating that prior to this anything outside of Kenya was “Vodacom’s territory”, as far as Vodafone was concerned.
Safaricom plans to rollout Masoko in Kenya later this year, with the aim "There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
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Rank: Veteran Joined: 8/10/2014 Posts: 976 Location: Kenya
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murchr wrote:Quote:Kenya’s largest operator Safaricom is eyeing expansion across Africa, with the view of establishing its e-commerce and mobile payments solutions in untapped markets of the region.
In an interview with Financial Times (FT), Safaricom’s CEO Bob Collymore (pictured) said he wanted to take the company’s planned e-commerce platform, dubbed Masoko, “into the white space… space that no one is in at the moment”.
Collymore said the company would initially target neighbouring countries in East Africa, but was also considering expanding into West Africa. However, he suggested the plans might not extend to growing its presence as a mobile operator, as countries would consider this “as a bit more of a threat”.
The CEO seemingly has designs on establishing an operation similar to China’s Alibaba, which combines e-commerce and mobile payments. He plans to create a marketplace connecting businesses to consumers and other businesses.
Safaricom’s planned expansion will be funded by its mobile business in Kenya, which recorded profit of $685 million in the year to end-March 2017, FT reported. Sales grew 32 per cent year-on-year, largely driven by its m-Pesa mobile money service.
Shackles are off
Collymore, who was in May handed a two year extension to his contract as CEO, added the company’s long-term goals have been aided by the completion of Vodacom’s 35 per cent stake acquisition of the Kenyan operator from parent company Vodafone Group.
“This really unshackled us,” said Collymore, stating that prior to this anything outside of Kenya was “Vodacom’s territory”, as far as Vodafone was concerned.
Safaricom plans to rollout Masoko in Kenya later this year, with the aim Expansion through ecommerce...this has a 50/50 chance of survival due to Africa's poor addressing system. I hope they have worked out a way to get it done profitably. The market is there, the implementation is the hardest bit
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Rank: Elder Joined: 12/4/2009 Posts: 10,701 Location: NAIROBI
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Today the counter takes a slide after going ex dividend. For those waiting sub-20s the chance may present itself Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Member Joined: 10/6/2015 Posts: 249 Location: Nairobi
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Ericsson wrote:Today the counter takes a slide after going ex dividend.
For those waiting sub-20s the chance may present itself Deo volente. Never lose your position in a bull market,BTFD.
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Rank: New-farer Joined: 8/21/2017 Posts: 48
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Ericsson wrote:Today the counter takes a slide after going ex dividend.
For those waiting sub-20s the chance may present itself We will be waiting Life is a beach and I'm just playing in the sand
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Rank: Elder Joined: 12/7/2012 Posts: 11,908
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piedpiper wrote:Ericsson wrote:Today the counter takes a slide after going ex dividend.
For those waiting sub-20s the chance may present itself We will be waiting Sub 20 is a pipedream my frens  In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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Rank: Elder Joined: 12/4/2009 Posts: 10,701 Location: NAIROBI
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Going ex-dividend has had no effect. Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Member Joined: 4/21/2015 Posts: 151
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Ericsson wrote:Going ex-dividend has had no effect. True.Moving on...H1FY18 announcement is on Nov. 3
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Rank: Elder Joined: 12/7/2012 Posts: 11,908
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AndyC wrote:Ericsson wrote:Going ex-dividend has had no effect. True.Moving on...H1FY18 announcement is on Nov. 3 After swearing in of oreso 30++++ pap In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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Rank: Veteran Joined: 8/10/2014 Posts: 976 Location: Kenya
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This share has refused to go under 25....
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Rank: Member Joined: 10/6/2015 Posts: 249 Location: Nairobi
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watesh wrote:This share has refused to go under 25.... By the time we are done navigating this political quagmire,sub 20 bob lazima. Never lose your position in a bull market,BTFD.
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Rank: Veteran Joined: 4/16/2014 Posts: 1,420 Location: Bohemian Grove
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Angelica _ann wrote:piedpiper wrote:Ericsson wrote:Today the counter takes a slide after going ex dividend.
For those waiting sub-20s the chance may present itself We will be waiting Sub 20 is a pipedream my frens Same guys who were waiting for it at 10/= and KK at 6/=
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Rank: New-farer Joined: 8/21/2017 Posts: 48
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Bought in at an ABP of 18 and sold at 23.50. Could've held on...but..oh well Life is a beach and I'm just playing in the sand
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Rank: New-farer Joined: 9/2/2017 Posts: 31
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Seems watu trading on noise on this ... nothing much happened even after it went ex-dividend. Some evidence of Black's 1986 suggestion that noise is fundamental to markets. Kama ni hivyo, no hope of going sub 20.
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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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Where will Scom be in 5 years? possunt quia posse videntur
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Rank: Member Joined: 3/10/2009 Posts: 36
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maka wrote:Where will Scom be in 5 years? @Maka, In terms of its Market share; MPS or Total asset growth?
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Rank: Elder Joined: 12/4/2009 Posts: 10,701 Location: NAIROBI
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Vodafone Group Plc is preparing a bid for a new mobile-phone license in Zambia that will enable the U.K. company to add voice services to its data product in the southern African country, according to a person familiar with the matter. The successful bidder would be competing with Johannesburg-based MTN Group Ltd, the country’s market leader with more than 48 percent market share, India’s Bharti Airtel Ltd and state-owned Zamtel. https://www.lusakatimes....-zambia-mobile-license/
Vodafone should let Safaricom bid for this. Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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