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Safaricom HY 2014/2015 EPS up 32%
Rank: Elder Joined: 9/15/2006 Posts: 3,905
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LIVE right now
21.85m customers after disconnecting 300,000
1,500 km of fibre about an equal amount to go
139,000 Lipa na MPESA but only 32,000 active
Voice 6.4% represents 55%
Non-voice up 27% represents 40%
Total Revenue up 15%
Service Revenue up 14%
Non voice up 27%
EBITDA up 16%
Increase in tax up 38%
Net income up 31%
Free cash flow up 13%
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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I was expecting some cashflow dip as the Equitel squaring happens as well as the Yu acquisition. That's a huge pile of cash to fight off the expected Equitel onslaught. This will be an interesting fight. Full highlights Cashflow guidance for full year is between 25 - 25.5B. If the div payout rate as last year is maintained it means the div pay will be between 51 - 52cts or a 8-10% div pay increase. Div investors won't like this. Div yield on the div estimate at current price (12.20) is 4.18%. Div yield history 08/09 DPS - 0.10 09/10 DPS - 0.20 - 100% 10/11 DPS - 0.20 - 0% 11/12 DPS - 0.22 - 10% 12/13 DPS - 0.31 - 40.9% 13/14 DPS - 0.47 - 51.6% 14/15 DPS - estimate 0.51/0.52 - 8.51%/10.63% If you follow the DPS revisions, the years when there was a hike the share has rallied. The acquisition bit may create some excitement, but 13.50 is a solid barrier. Once broken top side target is 15.50 - 16.00, but will need a huge push to achieve. At which point NSE20 5500 barrier will likely be tested or letting go! $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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Alright, here we go: 2014-2015 HY Presentation and the Press Commentary• Mobile Data (not fixed data) at 53% (why does everyone talk of MPESA, this is the future) • EBITDA of Voice + mobile Data should be double the rest (meaning 50% of revenue becomes 75% of bottom line) • Wow, net finance costs positive because of no debt (money from interest) • In conclusion, this giant of a company, comparable in revenues say to KQ, TOTL, KENOL, is growing faster than a small company.
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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I see very few Wazuans remained here. Very well. We keep marching on. As the digital tv battle goes on in the courts,they lay more cable "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: New-farer Joined: 12/27/2013 Posts: 87
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@murchr.it called business strategy. Been ahead of other .l passed by narok town and l learned they are already laying cable. This reduce call drop rate. GOOD TO GREAT. KINGOTORE
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Rank: Elder Joined: 7/22/2009 Posts: 7,460
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muganda wrote:Alright, here we go: 2014-2015 HY Presentation and the Press Commentary• Mobile Data (not fixed data) at 53% (why does everyone talk of MPESA, this is the future) • EBITDA of Voice + mobile Data should be double the rest (meaning 50% of revenue becomes 75% of bottom line) • Wow, net finance costs positive because of no debt (money from interest) • In conclusion, this giant of a company, comparable in revenues say to KQ, TOTL, KENOL, is growing faster than a small company. And yet 6 hours later, there are only 5 posts! Now 6!!! 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: Veteran Joined: 11/15/2013 Posts: 1,977 Location: Here
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murchr wrote:I see very few Wazuans remained here. Very well. We keep marching on. As the digital tv battle goes on in the courts,they lay more cable @MB this first sentence says it all. Everybody STEALS, a THIEF is one who's CAUGHT stealing something of LITTLE VALUE. !!!
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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Equitel will definitely need such deal makers in this case the president was the deal maker for mpesa bank and moneygram! State House as your deal maker! Can't beat that... http://www.businessdaily...4/-/pmmhtaz/-/index.html$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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Boris Boyka wrote:murchr wrote:I see very few Wazuans remained here. Very well. We keep marching on. As the digital tv battle goes on in the courts,they lay more cable @MB this first sentence says it all. Am all in...for the very long term.... possunt quia posse videntur
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Rank: New-farer Joined: 5/13/2014 Posts: 12
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Dont know how long to hold on this. Kupimwa subira ndio hii
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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maka wrote:Boris Boyka wrote:murchr wrote:I see very few Wazuans remained here. Very well. We keep marching on. As the digital tv battle goes on in the courts,they lay more cable @MB this first sentence says it all. Am all in...for the very long term.... Thot u left this mbus. Btw where is @philanga the conductor? Missing in action of late.$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Member Joined: 8/19/2014 Posts: 125
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Safaricom, never disappoints. Wait till mobile data and home internet take root...They have higher margins than Mpesa...I see data revenues one day overtaking voice and mpesa. I spend 4 times more on data than on voice and mpesa
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Rank: Member Joined: 6/14/2010 Posts: 521 Location: Nairobi
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The giant is still going strong
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Rank: Member Joined: 8/19/2014 Posts: 125
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They bagged Moneygram, this is a huge mpesa deal....I see it climbing to top 5 in money remittance channels, from position 11
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Rank: New-farer Joined: 8/11/2014 Posts: 72 Location: Nairobi
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At the end scom will remain a profitable company to invest in... but it is for long term investors only. Bulls make money,bears make money and pigs get slaughtered.
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Rank: Elder Joined: 12/7/2012 Posts: 11,908
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Nilihama niko #teamcfcstanbic. I believe it will to better than safaricom in the next 2 years in terms of returns. 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: 11/15/2013 Posts: 1,977 Location: Here
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hisah wrote:maka wrote:Boris Boyka wrote:murchr wrote:I see very few Wazuans remained here. Very well. We keep marching on. As the digital tv battle goes on in the courts,they lay more cable @MB this first sentence says it all. Am all in...for the very long term.... Thot u left this mbus. Btw where is @philanga the conductor? Missing in action of late. @hisah reference earlier conversation,seems things are good on this one though discounts season is in. Everybody STEALS, a THIEF is one who's CAUGHT stealing something of LITTLE VALUE. !!!
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Rank: Member Joined: 1/15/2010 Posts: 625
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I jumped out of SCOM bus a while back. This giant has grown too much and won't sustain high growth rates indefinitely. They are kind of stuck to the Kenyan market so upside is limited by that. However it's a good investment for funds with billions.
Now I'm more interested in well run smaller companies which show good growth potential and could expand regionally. Centum has been my favorite stock for a while now and delivered great returns so far.
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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mv_ufanisi wrote:I jumped out of SCOM bus a while back. This giant has grown too much and won't sustain high growth rates indefinitely. They are kind of stuck to the Kenyan market so upside is limited by that. However it's a good investment for funds with billions.
Now I'm more interested in well run smaller companies which show good growth potential and could expand regionally. Centum has been my favorite stock for a while now and delivered great returns so far. There's so much room for growth. I'll expound more on Saturday "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: Member Joined: 8/19/2014 Posts: 125
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mv_ufanisi wrote:I jumped out of SCOM bus a while back. This giant has grown too much and won't sustain high growth rates indefinitely. They are kind of stuck to the Kenyan market so upside is limited by that. However it's a good investment for funds with billions.
Now I'm more interested in well run smaller companies which show good growth potential and could expand regionally. Centum has been my favorite stock for a while now and delivered great returns so far. Mobile data and home internet have the ability to bring in ksh120 billion in future if 10 million users spend 1000 a month on internet bundles. Still lots of room for growth in mpesa in terms of bill payments...plus its a good future dividend stock like BAT...I wish they could go regional
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Safaricom HY 2014/2015 EPS up 32%
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