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Safaricom HY 2018/2019
Ericsson
#181 Posted : Sunday, April 21, 2019 8:04:43 AM
Rank: Elder


Joined: 12/4/2009
Posts: 7,619
Location: NAIROBI
FY results to be out in 3 weeks time.
FY dividend ksh.1.20 per share
Kenyan Oracle
#182 Posted : Sunday, April 21, 2019 7:02:53 PM
Rank: Member


Joined: 5/31/2011
Posts: 151
Ericsson wrote:
FY results to be out in 3 weeks time.
FY dividend ksh.1.20 per share


Won't be 2/- to sustain last year's momentum?
You lose money chasing women, but you never lose women chasing money - NAS
VituVingiSana
#183 Posted : Sunday, April 21, 2019 7:13:01 PM
Rank: Chief


Joined: 1/3/2007
Posts: 16,512
Location: Nairobi
Ericsson wrote:
FY results to be out in 3 weeks time.
FY dividend ksh.1.20 per share

Are you the new "Exchange Bar Correspondent"? Laughing out loudly

That's a 4% DY which is line with many NSE-listed firms that pay dividends.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Ericsson
#184 Posted : Monday, April 22, 2019 3:14:41 AM
Rank: Elder


Joined: 12/4/2009
Posts: 7,619
Location: NAIROBI
Kenyan Oracle wrote:
Ericsson wrote:
FY results to be out in 3 weeks time.
FY dividend ksh.1.20 per share


Won't be 2/- to sustain last year's momentum?


Really !!! did they pay ksh.2 per share
Ericsson
#185 Posted : Monday, April 22, 2019 3:16:19 AM
Rank: Elder


Joined: 12/4/2009
Posts: 7,619
Location: NAIROBI
VituVingiSana wrote:
Ericsson wrote:
FY results to be out in 3 weeks time.
FY dividend ksh.1.20 per share

Are you the new "Exchange Bar Correspondent"? Laughing out loudly

That's a 4% DY which is line with many NSE-listed firms that pay dividends.


Safaricom bado kuwa admitted kwa exchange bar
xxxxx
#186 Posted : Monday, April 22, 2019 7:45:47 AM
Rank: Member


Joined: 3/20/2008
Posts: 476
Ericsson wrote:
VituVingiSana wrote:
Ericsson wrote:
FY results to be out in 3 weeks time.
FY dividend ksh.1.20 per share

Are you the new "Exchange Bar Correspondent"? Laughing out loudly

That's a 4% DY which is line with many NSE-listed firms that pay dividends.


Safaricom bado kuwa admitted kwa exchange bar


Whatever you do while at that exchange bar, please do not sip on that poisoned liquor that forces someone to profess KQ all the time despite its obvious flaws.Shame on you
young
#187 Posted : Monday, April 22, 2019 1:43:19 PM
Rank: Elder


Joined: 6/20/2007
Posts: 1,896
Location: Lagos, Nigeria
Ericsson wrote:
FY results to be out in 3 weeks time.
FY dividend ksh.1.20 per share


Yep this is also my thoughts
As projected fy PAT yoy is 11%

The dividend may be better (juicier) IF their fy19 results exceeds analysts projection.

We watch to see between 8th to 10th May when the results will be out.
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. .
xxxxx
#188 Posted : Monday, April 22, 2019 1:54:54 PM
Rank: Member


Joined: 3/20/2008
Posts: 476
young wrote:
Ericsson wrote:
FY results to be out in 3 weeks time.
FY dividend ksh.1.20 per share


Yep this is also my thoughts
As projected fy PAT yoy is 11%

The dividend may be better (juicier) is their fy19 results exceeds analysts projection.

We watch to see between 8th to 10th May when the results will be out.


The results release date is 3rd May 2019.
Ericsson
#189 Posted : Monday, April 22, 2019 1:56:47 PM
Rank: Elder


Joined: 12/4/2009
Posts: 7,619
Location: NAIROBI
xxxxx wrote:
young wrote:
Ericsson wrote:
FY results to be out in 3 weeks time.
FY dividend ksh.1.20 per share


Yep this is also my thoughts
As projected fy PAT yoy is 11%

The dividend may be better (juicier) is their fy19 results exceeds analysts projection.

We watch to see between 8th to 10th May when the results will be out.


The results release date is 3rd May 2019.

Confirmed sir
Ericsson
#190 Posted : Monday, April 22, 2019 2:13:26 PM
Rank: Elder


Joined: 12/4/2009
Posts: 7,619
Location: NAIROBI
young wrote:
Ericsson wrote:
FY results to be out in 3 weeks time.
FY dividend ksh.1.20 per share


Yep this is also my thoughts
As projected fy PAT yoy is 11%

The dividend may be better (juicier) IF their fy19 results exceeds analysts projection.

We watch to see between 8th to 10th May when the results will be out.


Bob Collymore will be retiring as CEO and his successor unveiled.
young
#191 Posted : Monday, April 22, 2019 2:35:46 PM
Rank: Elder


Joined: 6/20/2007
Posts: 1,896
Location: Lagos, Nigeria
Ericsson wrote:
young wrote:
Ericsson wrote:
FY results to be out in 3 weeks time.
FY dividend ksh.1.20 per share


Yep this is also my thoughts
As projected fy PAT yoy is 11%

The dividend may be better (juicier) IF their fy19 results exceeds analysts projection.

We watch to see between 8th to 10th May when the results will be out.


Bob Collymore will be retiring as CEO and his successor unveiled.



To celebrate Bob we deserve 1.20 dividend
and 1.00 Bob special dividend making it 2.20 Bob in total for the first and final dividend 2019.
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. .
young
#192 Posted : Monday, April 22, 2019 3:25:32 PM
Rank: Elder


Joined: 6/20/2007
Posts: 1,896
Location: Lagos, Nigeria
3rd May is just 11 days from now.
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. .
littledove
#193 Posted : Tuesday, April 23, 2019 8:43:10 AM
Rank: Member


Joined: 7/1/2014
Posts: 735
Location: sky
young wrote:
3rd May is just 11 days from now.

That's very early or the results are very very good
There are only two emotions in the stock market, fear and hope. The problem is, you hope when you should fear and fear when you should hope
Ericsson
#194 Posted : Tuesday, April 23, 2019 12:06:19 PM
Rank: Elder


Joined: 12/4/2009
Posts: 7,619
Location: NAIROBI
littledove wrote:
young wrote:
3rd May is just 11 days from now.

That's very early or the results are very very good


I confirm that the results will be released on 3 May 2019.
AGM will be on 30 August 2019
xtina
#195 Posted : Tuesday, April 23, 2019 12:56:19 PM
Rank: Member


Joined: 6/26/2008
Posts: 271
Ericsson wrote:
littledove wrote:
young wrote:
3rd May is just 11 days from now.

That's very early or the results are very very good


I confirm that the results will be released on 3 May 2019.
AGM will be on 30 August 2019


Share price reacting postively. Do not know whether to add or wait....
Ericsson
#196 Posted : Wednesday, April 24, 2019 9:48:20 AM
Rank: Elder


Joined: 12/4/2009
Posts: 7,619
Location: NAIROBI
xtina wrote:
Ericsson wrote:
littledove wrote:
young wrote:
3rd May is just 11 days from now.

That's very early or the results are very very good


I confirm that the results will be released on 3 May 2019.
AGM will be on 30 August 2019


Share price reacting postively. Do not know whether to add or wait....


Price target set at 28.80
Ericsson
#197 Posted : Monday, April 29, 2019 4:50:41 PM
Rank: Elder


Joined: 12/4/2009
Posts: 7,619
Location: NAIROBI
Safaricom CEO Collymore announces retirement

The head of Kenya’s biggest telecoms firm Safaricom plans to step down in August for health reasons, but the government’s insistence he should be succeeded by a Kenyan has delayed announcing a replacement, two company sources said.

Bob Collymore helped build Safaricom into East Africa’s most profitable company, thanks to the popular mobile money transfer service M-Pesa and a growing customer base.

However, he took a nine-month medical leave in late 2017 to return to his native England to battle cancer, and has now indicated he wants to step down, the sources told Reuters.

“He wants to concentrate on his health so he did not wish to renew his contract,” said one of them, speaking on condition of anonymity as there has been no official announcement.

Collymore told Reuters on Monday he was still in discussions with the board, adding it would make announcements on the chief executive position at a later date.

“I have every confidence that whether I’m here or not, that this company will run … This is an institution. It is not a company which is just run by a single person,” he said.

During his tenure, Safaricom’s share price has increased by more than 400 percent to 28.00 shillings ($0.28). He has also led the charge against regulatory efforts to clip the company’s wings due to its dominant size.

Safaricom, which is 35 percent owned by South Africa’s Vodacom, controls about 62 percent of Kenya’s mobile market, with 30 million subscribers. Britain’s Vodafone has a 5 percent stake and the Kenyan government 35 percent.

Private investors also own shares via the Nairobi bourse.

Safaricom, which has not commented on Collymore’s departure, will report its financial results for the year to the end of March on May 3.

The board interviewed candidates, including a senior Kenyan banking executive, before settling on an unidentified foreign national from within the Vodafone group to succeed Collymore, one of the sources said.

But the government objected, citing an agreement supporting the appointment of a Kenyan as CEO, adopted at a shareholder meeting in 2017.

“The state has said ‘no’. They might have to negotiate,” said the source with knowledge of the succession process.

Joe Mucheru, the minister for information communication and technology, said there had been no formal communication from the company on Collymore’s successor.

However, he said he would be surprised if the board could not find a Kenyan to run the company, adding that part of Collymore’s remit was to groom a local successor.

“I would be very surprised if they can’t find a Kenyan. It will be hard for them to justify, what is so special about telecoms?” Mucheru told Reuters.

https://africa.cgtn.com/...re-announces-retirement/
VituVingiSana
#198 Posted : Monday, April 29, 2019 8:07:42 PM
Rank: Chief


Joined: 1/3/2007
Posts: 16,512
Location: Nairobi
Ericsson wrote:
Safaricom CEO Collymore announces retirement

The head of Kenya’s biggest telecoms firm Safaricom plans to step down in August for health reasons, but the government’s insistence he should be succeeded by a Kenyan has delayed announcing a replacement, two company sources said.

Bob Collymore helped build Safaricom into East Africa’s most profitable company, thanks to the popular mobile money transfer service M-Pesa and a growing customer base.

However, he took a nine-month medical leave in late 2017 to return to his native England to battle cancer, and has now indicated he wants to step down, the sources told Reuters.

“He wants to concentrate on his health so he did not wish to renew his contract,” said one of them, speaking on condition of anonymity as there has been no official announcement.

Collymore told Reuters on Monday he was still in discussions with the board, adding it would make announcements on the chief executive position at a later date.

“I have every confidence that whether I’m here or not, that this company will run … This is an institution. It is not a company which is just run by a single person,” he said.

During his tenure, Safaricom’s share price has increased by more than 400 percent to 28.00 shillings ($0.28). He has also led the charge against regulatory efforts to clip the company’s wings due to its dominant size.

Safaricom, which is 35 percent owned by South Africa’s Vodacom, controls about 62 percent of Kenya’s mobile market, with 30 million subscribers. Britain’s Vodafone has a 5 percent stake and the Kenyan government 35 percent.

Private investors also own shares via the Nairobi bourse.

Safaricom, which has not commented on Collymore’s departure, will report its financial results for the year to the end of March on May 3.

The board interviewed candidates, including a senior Kenyan banking executive, before settling on an unidentified foreign national from within the Vodafone group to succeed Collymore, one of the sources said.

But the government objected, citing an agreement supporting the appointment of a Kenyan as CEO, adopted at a shareholder meeting in 2017.

“The state has said ‘no’. They might have to negotiate,” said the source with knowledge of the succession process.

Joe Mucheru, the minister for information communication and technology, said there had been no formal communication from the company on Collymore’s successor.

However, he said he would be surprised if the board could not find a Kenyan to run the company, adding that part of Collymore’s remit was to groom a local successor.

“I would be very surprised if they can’t find a Kenyan. It will be hard for them to justify, what is so special about telecoms?” Mucheru told Reuters.

https://africa.cgtn.com/...e-announces-retirement/

What happens if the CEO feels s/he is beholden to Mucheru or Rotich and not the shareholders?
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Ericsson
#199 Posted : Monday, April 29, 2019 8:37:10 PM
Rank: Elder


Joined: 12/4/2009
Posts: 7,619
Location: NAIROBI
VituVingiSana wrote:
Ericsson wrote:
Safaricom CEO Collymore announces retirement

The head of Kenya’s biggest telecoms firm Safaricom plans to step down in August for health reasons, but the government’s insistence he should be succeeded by a Kenyan has delayed announcing a replacement, two company sources said.

Bob Collymore helped build Safaricom into East Africa’s most profitable company, thanks to the popular mobile money transfer service M-Pesa and a growing customer base.

However, he took a nine-month medical leave in late 2017 to return to his native England to battle cancer, and has now indicated he wants to step down, the sources told Reuters.

“He wants to concentrate on his health so he did not wish to renew his contract,” said one of them, speaking on condition of anonymity as there has been no official announcement.

Collymore told Reuters on Monday he was still in discussions with the board, adding it would make announcements on the chief executive position at a later date.

“I have every confidence that whether I’m here or not, that this company will run … This is an institution. It is not a company which is just run by a single person,” he said.

During his tenure, Safaricom’s share price has increased by more than 400 percent to 28.00 shillings ($0.28). He has also led the charge against regulatory efforts to clip the company’s wings due to its dominant size.

Safaricom, which is 35 percent owned by South Africa’s Vodacom, controls about 62 percent of Kenya’s mobile market, with 30 million subscribers. Britain’s Vodafone has a 5 percent stake and the Kenyan government 35 percent.

Private investors also own shares via the Nairobi bourse.

Safaricom, which has not commented on Collymore’s departure, will report its financial results for the year to the end of March on May 3.

The board interviewed candidates, including a senior Kenyan banking executive, before settling on an unidentified foreign national from within the Vodafone group to succeed Collymore, one of the sources said.

But the government objected, citing an agreement supporting the appointment of a Kenyan as CEO, adopted at a shareholder meeting in 2017.

“The state has said ‘no’. They might have to negotiate,” said the source with knowledge of the succession process.

Joe Mucheru, the minister for information communication and technology, said there had been no formal communication from the company on Collymore’s successor.

However, he said he would be surprised if the board could not find a Kenyan to run the company, adding that part of Collymore’s remit was to groom a local successor.

“I would be very surprised if they can’t find a Kenyan. It will be hard for them to justify, what is so special about telecoms?” Mucheru told Reuters.

https://africa.cgtn.com/...e-announces-retirement/

What happens if the CEO feels s/he is beholden to Mucheru or Rotich and not the shareholders?


There is no value a Kenyan CEO will add.
The likes of Mucheru want to put someone they can manipulate and eat from Safaricom.
No shareholder interest here.Looting,looting and filling company with kinsmen who don't have the necessary qualifications
murchr
#200 Posted : Monday, April 29, 2019 9:17:45 PM
Rank: Elder


Joined: 2/26/2012
Posts: 14,948
Some of these bloggers just want a conversation, the replacement has already been selected and already knows and probably will be named during the FY19 Results brief in May.
"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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