Safaricom Shareholders in For a Shock.
“We are relieved to have recovered from the damaging price wars. We are now focusing on customer growth” – Bob Collymore, Safaricom CEO. The company’s shareholders are in for a shock as Safaricom shares may not yield the dividends many are hoping it will. The 94% increase in net income…
British American: Good For Insurance, Bad For Tobacco
Performance in the Nairobi Securities Exchange was wanting today, with both major indices showing decreased performance. The 20-Share Index closed at 4152.11, down 7.62 points from Friday. The All-share index followed suite closing at 92.913, down 0.03 points from Friday. This is the second time in a fortnight that both…
Could Shares Have Made you Money This Year?
With 50,000 shillings, just how much would have made from the stock market from late last year? We play out this scenario using a selection of shares.
Emirates Half Year Profits up 68% as KQ Posts KES 4b Loss
Emirates has announced a half year net profit of KES 48.88 billion for the 6 months to 30th September 2012 riding on stable passenger numbers. In the same period, Kenya Airways, reported a KES 4.7 billion loss citing falling passenger numbers.
Of British(American) Stocks
Last Friday, the performance at the bourse perked up with both major indices recording increased operation. The 20-share index closed at 4159.73 and the All-share at 92.94 points. Our focus today shall be on British-American Tobacco (BAT Kenya) and British-American Investments (Britam)….no relation. British American Tobacco – It’s been barely two…
Safaricom Shares Up Again, Same To Kenya Airways?
Performance in the Nairobi Securities Exchange took another leap forward today. The 20-Share Index closed at 4159.73, up 10.94 points from yesterday. The All-share index followed suite closing at 92.94, up 1.11 point from yesterday. HIGHEST VOLUMES Safaricom was the highest performer with a stunning 7.98 million…
Safaricom Recovers from 3 billion Loss to Post 94% Profit
Safaricom has recovered from a loss of over KES 3 billion to post, what the company Chairman describes as, impressive results. Kenya’s leading mobile phone service provider posted a 94% profit after tax of KES 7.8 billion for the half year ended September 2012 from KES 4 billion…
Safaricom Performance Pushes Stock Price Up
Performance in the Nairobi Securities Exchange was generally better. The NSE 20-Share Index closed at 4148.79, up 27.66 points from yesterday. The All-share index followed suite closing at 91.83, up 0.01 point from yesterday. HIGHEST VOLUMES Kenya Commercial Bank was the highest performer with 3.08…
The Stocks We Are Watching Today
The 20-share index performed better yesterday as it closed at 4121.13 points. The All-share also improved performance and closed at 91.84 points. We shall focus on Kenya Airways and Safaricom Limited. Safaricom is to make an announcement on their results thus far and it could lead to significant changes in…
Who's Who in Britam?
Britam is a Company Run by Chairmen, Presidents within the Financial sector, Chief Executives and Policy Makers. Find out who they are and what they do for one of the country's leading insurance and asset management firms.
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