Nipate
Forum => Kenya Discussion => Topic started by: Nefertiti on March 04, 2024, 04:57:21 PM
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Top US investor sells 600m Safaricom shares in dividend protest
https://www.businessdailyafrica.com/bd/corporate/companies/top-us-investor-sells-600m-safaricom-shares-in-dividend-protest--4544462
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WHoa.
Am sure there will be someone to pick it up.
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WHoa.
Am sure there will be someone to pick it up.
It is a bad sign... Safaricom has been in free fall for over a year. There is basically nothing exciting nor future-facing. The market cap is below the IPO level.
530B ksh or $3.5B ... IPO was $5B if I recall correctly.
I tried to analyze and fell asleep. Nothing good is in the works. Starlink is about to eat data AND voice business. Only M-Pesa ground game is bankable - the agency network - it has some staying power. But not for long.
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Equity market cap is 150B ksh or $1B... KCB is 68B ksh or $0.47B
Only 2 companies hit 1B usd at NSE.
-
WHoa.
Am sure there will be someone to pick it up.
It is a bad sign... Safaricom has been in free fall for over a year. There is basically nothing exciting nor future-facing. The market cap is below the IPO level.
530B ksh or $3.5B ... IPO was $5B if I recall correctly.
I tried to analyze and fell asleep. Nothing good is in the works. Starlink is about to eat data AND voice business. Only M-Pesa ground game is bankable - the agency network - it has some staying power. But not for long.
Safaricom is looking more like a utility company. Mpesa lipa na Mpesa can be disrupted by a fintech company that can lay an app on top of pesalink. Pesalink is like plaid https://plaid.com/, connecting bank accounts.
-
WHoa.
Am sure there will be someone to pick it up.
It is a bad sign... Safaricom has been in free fall for over a year. There is basically nothing exciting nor future-facing. The market cap is below the IPO level.
530B ksh or $3.5B ... IPO was $5B if I recall correctly.
I tried to analyze and fell asleep. Nothing good is in the works. Starlink is about to eat data AND voice business. Only M-Pesa ground game is bankable - the agency network - it has some staying power. But not for long.
Safaricom is looking more like a utility company. Mpesa lipa na Mpesa can be disrupted by a fintech company that can lay an app on top of pesalink. Pesalink is like plaid https://plaid.com/, connecting bank accounts.
Safaricom analysis is easy like a Sunday morning.
2 products - calls & data, mobile pay.
50 engineers.
0 platforms.
With their cash muscle and brand they still have a window that is swiftly narrowing. We used to discuss here with RV Pundit, about why Safaricom cannot build something past the unidirectional M-Pesa, it can only do so much.
They ought to have their Netflix, GMail, AWS by now. I mean just copy AWS or Facebook vertical integration with their own satellites, AI platform, XR hardware, etc.
They could even open a lab in Bangalore or London or Bay Area - nothing but lack of imagination stops them.
The worst part, is that you will find Tusker dwarf is rated highly and pampered with benefits - 👀👀👀 - for delivering nothing.
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Safaricom is attempting to style up. I see Machine Learning Engineer or scientist on their careers page. LinkedIn.
Of course, catch them dead building a satellite to stop Starlink eating their lunch. Or building hardware or any dongles.
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