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36 Pages«<343536
Safaricom 2019/2020
Ericsson
#701 Posted : Tuesday, April 26, 2022 9:01:16 AM
Rank: Elder


Joined: 12/4/2009
Posts: 10,336
Location: NAIROBI
https://www.businessdail...-pesa-expansion-3794202

Ethiopia has started changing its national payments law to clear the way for Safaricom to introduce its popular M-Pesa in the market of 110 million people.

Ethiopia’s central bank has drafted a Bill that will allow foreign investors to offer mobile money services, boosting firms such as Safaricom that are seeking to start operations in the country this year.
The National Bank of Ethiopia (NBE) now seeks to remove the remaining legal hurdle for Safaricom through the Bill that was made public last week.

“So far, there is no law that enables foreign operators like M-Pesa to acquire a licence in Ethiopia. If the new amendment is approved, it will allow M-Pesa to get a licence in Ethiopia,” Marta Hailemariam, the head of payment settlement at NBE, told the Ethiopian press.
The State-backed Bill states: “Foreign nationals may be allowed to invest in a payment instrument issuer or a payment system operator business; or establish a subsidiary which shall be licensed as a payment instrument issuer or payment system operator.”
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
cnn
#702 Posted : Thursday, May 12, 2022 10:45:38 AM
Rank: Veteran


Joined: 6/17/2009
Posts: 1,587
Safaricom final dividend for year to 31st March 2022...ksh 0.75
My 2 cents
#703 Posted : Thursday, May 12, 2022 7:15:23 PM
Rank: Member


Joined: 6/2/2010
Posts: 847
cnn wrote:
Safaricom final dividend for year to 31st March 2022...ksh 0.75


Why did they not just make it 0.76 to get back to the pre-covid level of 1.4 Why hold on to that 1 cent!
The optics would have been better, at a small price.
Ericsson
#704 Posted : Friday, May 13, 2022 6:33:14 AM
Rank: Elder


Joined: 12/4/2009
Posts: 10,336
Location: NAIROBI
My 2 cents wrote:
cnn wrote:
Safaricom final dividend for year to 31st March 2022...ksh 0.75


Why did they not just make it 0.76 to get back to the pre-covid level of 1.4 Why hold on to that 1 cent!
The optics would have been better, at a small price.

I agree with you.
It eliminates the cents you receive on dividend.
However their dividend policy says 80% of the after tax profit is distributed as dividend
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
My 2 cents
#705 Posted : Friday, May 13, 2022 4:50:50 PM
Rank: Member


Joined: 6/2/2010
Posts: 847
Ericsson wrote:
My 2 cents wrote:
cnn wrote:
Safaricom final dividend for year to 31st March 2022...ksh 0.75


Why did they not just make it 0.76 to get back to the pre-covid level of 1.4 Why hold on to that 1 cent!
The optics would have been better, at a small price.

I agree with you.
It eliminates the cents you receive on dividend.
However their dividend policy says 80% of the after tax profit is distributed as dividend


1.4 divided by 1.74 is still 80%
They would still have been within their dividend policy
young
#706 Posted : Sunday, May 15, 2022 2:04:17 AM
Rank: Elder


Joined: 6/20/2007
Posts: 2,018
Location: Lagos, Nigeria
My 2 cents wrote:
cnn wrote:
Safaricom final dividend for year to 31st March 2022...ksh 0.75


Why did they not just make it 0.76 to get back to the pre-covid level of 1.4 Why hold on to that 1 cent!
The optics would have been better, at a small price.



The 1 cents saved per 40 billion shares on issue amount to 400 million shillings ...... That is a huge savings.

Mathematically 1/100 x 40,000,000,000
EQUALS 400,000,000/-
The wazua spirit as members is to educate and inform and learn from others within the limit of what we know in any chosen area irrespective of our differences in tribes, nationalities, etc. .
Ericsson
#707 Posted : Sunday, May 15, 2022 7:01:43 AM
Rank: Elder


Joined: 12/4/2009
Posts: 10,336
Location: NAIROBI
young wrote:
My 2 cents wrote:
cnn wrote:
Safaricom final dividend for year to 31st March 2022...ksh 0.75


Why did they not just make it 0.76 to get back to the pre-covid level of 1.4 Why hold on to that 1 cent!
The optics would have been better, at a small price.



The 1 cents saved per 40 billion shares on issue amount to 400 million shillings ...... That is a huge savings.

Mathematically 1/100 x 40,000,000,000
EQUALS 400,000,000/-

Good money that can be invested in Ethiopia to bring higher returns in the coming years.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
My 2 cents
#708 Posted : Friday, May 27, 2022 3:41:53 PM
Rank: Member


Joined: 6/2/2010
Posts: 847
Does anyone have any idea why the Safaricom price is dropping?
Very unusual. Drop of 30% year to date.
Any info is appreciated.
Ericsson
#709 Posted : Sunday, May 29, 2022 1:00:49 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,336
Location: NAIROBI
My 2 cents wrote:
Does anyone have any idea why the Safaricom price is dropping?
Very unusual. Drop of 30% year to date.
Any info is appreciated.


Jitters about the Ethiopia venture.
It's progressing slowly and they are to give a date when commercial operations will begin
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Swenani
#710 Posted : Sunday, May 29, 2022 2:17:04 PM
Rank: User


Joined: 8/15/2013
Posts: 13,230
Location: Vacuum
My 2 cents wrote:
Does anyone have any idea why the Safaricom price is dropping?
Very unusual. Drop of 30% year to date.
Any info is appreciated.

@mnandii alisema we should expect lows of 14bob
If Obiero did it, Who Am I?
wukan
#711 Posted : Monday, May 30, 2022 8:29:21 AM
Rank: Veteran


Joined: 11/13/2015
Posts: 1,521
My 2 cents wrote:
Does anyone have any idea why the Safaricom price is dropping?
Very unusual. Drop of 30% year to date.
Any info is appreciated.


You need to scan social media

1. Monthly mpesa statements disappeared just like that

2. Horror stories of sim swap huko social media pointing back to your their staff as complicit

3. Data bundles evaporating is eating them up among the shembeteng gen

4. hostile tribes, poor communications, lack of purchase power...etc
obiero
#712 Posted : Wednesday, June 15, 2022 6:46:03 AM
Rank: Elder


Joined: 6/23/2009
Posts: 13,104
Location: nairobi
Swenani wrote:
My 2 cents wrote:
Does anyone have any idea why the Safaricom price is dropping?
Very unusual. Drop of 30% year to date.
Any info is appreciated.

@mnandii alisema we should expect lows of 14bob

Almost there.. The current share price of Safaricom Plc (SCOM) is KES 26.35. SCOM closed its last trading day (Tuesday, June 14, 2022) at 26.35 KES per share on the Nairobi Securities Exchange (NSE), recording a 0.6% drop from its previous closing price of 26.50 KES. Safaricom began the year with a share price of 37.95 KES but has since lost 30.6% off that price valuation, ranking it 59th on the NSE in terms of year-to-date performance. Shareholders’ worries are compounded by the fact that SCOM has lost 13% of the stock’s value from May 16th to date.

COOP 5,500 ABP12.6; HF 91,500 ABP 3.91; KCB 7,500 ABP 36; KQ 414,100 ABP 7.92; MTN 15,750 ABP 6.45
obiero
#713 Posted : Wednesday, June 15, 2022 6:48:10 AM
Rank: Elder


Joined: 6/23/2009
Posts: 13,104
Location: nairobi
Swenani wrote:
My 2 cents wrote:
Does anyone have any idea why the Safaricom price is dropping?
Very unusual. Drop of 30% year to date.
Any info is appreciated.

@mnandii alisema we should expect lows of 14bob

Almost there.. The current share price of Safaricom Plc (SCOM) is KES 26.35. SCOM closed its last trading day (Tuesday, June 14, 2022) at 26.35 KES per share on the Nairobi Securities Exchange (NSE), recording a 0.6% drop from its previous closing price of 26.50 KES. Safaricom began the year with a share price of 37.95 KES but has since lost 30.6% off that price valuation, ranking it 59th on the NSE in terms of year-to-date performance.

COOP 5,500 ABP12.6; HF 91,500 ABP 3.91; KCB 7,500 ABP 36; KQ 414,100 ABP 7.92; MTN 15,750 ABP 6.45
obiero
#714 Posted : Thursday, June 16, 2022 7:25:15 PM
Rank: Elder


Joined: 6/23/2009
Posts: 13,104
Location: nairobi
Sub 20 in next two weeks? Where is the Bolingo Band crew to chart this one.. The current share price of Safaricom Plc (SCOM) is KES 25.05. SCOM closed its last trading day (Thursday, June 16, 2022) at 25.05 KES per share on the Nairobi Securities Exchange (NSE), recording a 2.5% drop from its previous closing price of 25.70 KES. Safaricom began the year with a share price of 37.95 KES but has since lost 34% off that price valuation, ranking it 60th on the NSE in terms of year-to-date performance.

COOP 5,500 ABP12.6; HF 91,500 ABP 3.91; KCB 7,500 ABP 36; KQ 414,100 ABP 7.92; MTN 15,750 ABP 6.45
obiero
#715 Posted : Friday, June 17, 2022 7:20:44 PM
Rank: Elder


Joined: 6/23/2009
Posts: 13,104
Location: nairobi
obiero wrote:
Sub 20 in next two weeks? Where is the Bolingo Band crew to chart this one.. The current share price of Safaricom Plc (SCOM) is KES 25.05. SCOM closed its last trading day (Thursday, June 16, 2022) at 25.05 KES per share on the Nairobi Securities Exchange (NSE), recording a 2.5% drop from its previous closing price of 25.70 KES. Safaricom began the year with a share price of 37.95 KES but has since lost 34% off that price valuation, ranking it 60th on the NSE in terms of year-to-date performance.

@my2cents. Your stock pick. It's not looking good. The current share price of Safaricom Plc (SCOM) is KES 24.30. SCOM closed its last trading day (Friday, June 17, 2022) at 24.30 KES per share on the Nairobi Securities Exchange (NSE), recording a 3% drop from its previous closing price of 25.05 KES. Safaricom began the year with a share price of 37.95 KES but has since lost 36% off that price valuation, ranking it 60th on the NSE in terms of year-to-date performance.

COOP 5,500 ABP12.6; HF 91,500 ABP 3.91; KCB 7,500 ABP 36; KQ 414,100 ABP 7.92; MTN 15,750 ABP 6.45
My 2 cents
#716 Posted : Saturday, June 18, 2022 1:12:13 PM
Rank: Member


Joined: 6/2/2010
Posts: 847
obiero wrote:
obiero wrote:
Sub 20 in next two weeks? Where is the Bolingo Band crew to chart this one.. The current share price of Safaricom Plc (SCOM) is KES 25.05. SCOM closed its last trading day (Thursday, June 16, 2022) at 25.05 KES per share on the Nairobi Securities Exchange (NSE), recording a 2.5% drop from its previous closing price of 25.70 KES. Safaricom began the year with a share price of 37.95 KES but has since lost 34% off that price valuation, ranking it 60th on the NSE in terms of year-to-date performance.

@my2cents. Your stock pick. It's not looking good. The current share price of Safaricom Plc (SCOM) is KES 24.30. SCOM closed its last trading day (Friday, June 17, 2022) at 24.30 KES per share on the Nairobi Securities Exchange (NSE), recording a 3% drop from its previous closing price of 25.05 KES. Safaricom began the year with a share price of 37.95 KES but has since lost 36% off that price valuation, ranking it 60th on the NSE in terms of year-to-date performance.


That is because foreigners are exiting frontier markets (after this week's FED rate hikes) and Safaricom is their biggest holding in the NSE. Safaricom remains a solid business and now's the time to load up.
obiero
#717 Posted : Saturday, June 18, 2022 2:22:34 PM
Rank: Elder


Joined: 6/23/2009
Posts: 13,104
Location: nairobi
My 2 cents wrote:
obiero wrote:
obiero wrote:
Sub 20 in next two weeks? Where is the Bolingo Band crew to chart this one.. The current share price of Safaricom Plc (SCOM) is KES 25.05. SCOM closed its last trading day (Thursday, June 16, 2022) at 25.05 KES per share on the Nairobi Securities Exchange (NSE), recording a 2.5% drop from its previous closing price of 25.70 KES. Safaricom began the year with a share price of 37.95 KES but has since lost 34% off that price valuation, ranking it 60th on the NSE in terms of year-to-date performance.

@my2cents. Your stock pick. It's not looking good. The current share price of Safaricom Plc (SCOM) is KES 24.30. SCOM closed its last trading day (Friday, June 17, 2022) at 24.30 KES per share on the Nairobi Securities Exchange (NSE), recording a 3% drop from its previous closing price of 25.05 KES. Safaricom began the year with a share price of 37.95 KES but has since lost 36% off that price valuation, ranking it 60th on the NSE in terms of year-to-date performance.


That is because foreigners are exiting frontier markets (after this week's FED rate hikes) and Safaricom is their biggest holding in the NSE. Safaricom remains a solid business and now's the time to load up.

36% down this year alone! What's the bottom? How about one till counter proposition that is moving deposits and transaction fees away to the banks? Remember, never rush to lower the skirt.. I speak in code

COOP 5,500 ABP12.6; HF 91,500 ABP 3.91; KCB 7,500 ABP 36; KQ 414,100 ABP 7.92; MTN 15,750 ABP 6.45
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