[SIZE=5]Safaricom sheds Sh20bn in week of Nasa boycott[/SIZE]

Telecoms operator Safaricom’s SCOM • 24.75 market valuation shed Sh20 billion in the first week of opposition coalition Nasa’s call on their supporters to boycott the firm’s services.
The marginal drop in the share price is seen to signal the resilience of the company, which accounts for nearly 40 per cent of trading at the Nairobi Securities Exchange (NSE), and to be a reflection of the fact that investors have yet to get enough information on the boycott’s potential to move the market in either direction.
Some analysts, however, insisted that the political action was unlikely to affect the company’s share price in the longer term, especially because they expect revenue growth to remain on course.
“There is only a small element of the boycott to Safaricom’s share price performance, attributable to investor sentiment. In our view, the slight drop is mainly due to a price correction after release of first half results, and precisely because the 9.5 per cent year-on-year profit growth was lower than anticipated,” said Dyer & Blair head of research Linet Muriungi.
“We may, however, see subscriber growth either stabilise or soften marginally in the short term, where the organic growth in subscriber numbers is offset by those leaving.”
Ms Muriungi said she did not expect a decline in service revenues because the migration is more likely to be in the subscriber base that accounts for low value monthly credit usage rather than among premium customers who account for the lion’s share of the service revenue…


Hehehe, huyo dame amesema wale watahama ni peasants

engui mnafuatanga baisia juu hamna kichwa mzuri ama mnataka foreskin irudishwe


It is either you’re a miserable homosexual who is inherently addicted with other men’s genitalia or Cambridgea has programmed you to respond to anything with the word foreskin…for your information wakisi wanatairiwangwa…

Mwaga hio taka taka

:D:D:D Kumwaga ni haki yako, bora umenunua.

your foreskin is itching am sorry. meant you butt hurt.


Miguna Miguna, resist breakfast shows


who’s the smarter one here? whose money’s literally down the drain?

That now is stale. Leta ingine mpya

You wish!! The reason why share prices went down is because of opportunistic investors. Have you ever realised just before announcement of dividends the share price of safaricom always seems to spike up?
Which reminds me, I got my notification letter for my CDS account informing me of how much I had made in dividends for my NSE shares. I will be selling those soon.

Babuon must have overrated the spending power of his minnows.

I was just about to post the same thing. But leave it to people with minimal understanding to render their own versions of the same.

They’ll clutch on to anything that makes it look like #resist is working.

The billionaire still smiles while the fool on the ground is busy making statements that mean nothing.

The only Economic boycott that works is where countries face-off through embargoes, sanctions and the likes…what my nasa friends don’t understand is that companies buy shares of each other competitors to protect the market in a way. So at the end of the day nobody losses. They should stick to the demos maybe that was working… NOT!


Resist is just on shoshomedia tu…to keep the few remaining supporters excited while they still haven’t moved or gain an inch since 2007.

I remember the same was said about Equity Bank for 10 years now, its keeps on growing and making more money. Now its KQ and even worse is Nakumatt.

On Safaricom, I pray to be still here in 2070 when it will be a global tech firm having left mobile decades ago. Hating has no impact in a company trajectory.

This is to imply that the impact of the boycott is minimal because a good number of them are paupers. The typical peasants, demoing and looters battalion being led by their very own Lord of Poverty.

Kama wale thieves violently rioting so as to steal a bottle of soda of Kshs 50. Imagine getting teargassed and shot at for that?