Wazua
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AccessKenya looking for buyers?
Rank: Veteran Joined: 1/7/2010 Posts: 1,279 Location: nbi
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Anyone have concrete info on who/how its going about this? I'm assuming it'll be looking to sell its customer book and also stuff like the metro-cabling its been doing. Plus goodwill. Is that worth Ksh3.7bn? The Governor of Nyeri - 2017
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Rank: New-farer Joined: 1/29/2010 Posts: 23
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Would Safaricom be a likely buyer?
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Rank: Elder Joined: 9/15/2006 Posts: 3,905
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@Wa_ithaka, 3.7b let's get serious - that is their current market capitalization at a P/E of what 60? If they sell at that price, the Sellers make the money.
Now for company reducing EPS, a fair P/E should be maybe 8. That gives a value of 500m/750m at most. Then good value, and many suitors amidst the mobile wars.
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Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
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Wa_ithaka wrote:Anyone have concrete info on who/how its going about this? I'm assuming it'll be looking to sell its customer book and also stuff like the metro-cabling its been doing. Plus goodwill. Is that worth Ksh3.7bn? Where's the info on the sale?? Mark 12:29
Deuteronomy 4:16
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Rank: Veteran Joined: 1/7/2010 Posts: 1,279 Location: nbi
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Guru-i heard it through the grapevine The Governor of Nyeri - 2017
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Rank: Veteran Joined: 8/16/2009 Posts: 994
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Could this be the reason why AK hasn't yet reduced in price to 10 despite not too rousy results? Time is money, so money is time. Money saved is time gained in reverse! Money stores your life’s energy. You expend your energy, get paid money, and store that money for a future purchase made in a currency.
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Rank: Elder Joined: 7/21/2010 Posts: 6,185 Location: nairobi
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Make sure you dont make this forum a gossiping place,once you raise a sensitive issue like this give us a link to the news source.we are very serious investors bwana. "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Elder Joined: 9/15/2006 Posts: 3,905
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@mlennyma a tad unfair perhaps. Not too far fetched; even back page of today's East African...
"Why AccessKenya is looking like an attractive takeover target"
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Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
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muganda, if a takeover was to take place for ''750 million at most'', that would be a disaster for shareholders GOD BLESS YOUR LIFE
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Rank: User Joined: 5/9/2010 Posts: 1,418 Location: Nai
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This ar just rumours coz the stock today didnt reflect what u guyz are thinking ? But i hope it grows into a full blown price rally . Your future depends on your dreams so go to sleep !
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Rank: Elder Joined: 9/15/2006 Posts: 3,905
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Interesting that Michael Joseph needs to rule out the acquisition of ISP AccessKenya.... Hmmmn looking into a wonder glass, knowing that Safaricom acquires everyone left, right, centre... Has he ever been interested, is he in the progress of, or has it gone the whole hog and fallen through??? Bad results though... http://af.reuters.com/ar...ws/idAFJOE67P07B20100826
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Rank: Chief Joined: 1/3/2007 Posts: 18,136 Location: Nairobi
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KShs 730mn is too low for AK but KShs 3.7bn (+debt) is too high... Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: User Joined: 5/9/2010 Posts: 1,418 Location: Nai
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It seems this rumour is tied to wazua only. No use participatin in it . Your future depends on your dreams so go to sleep !
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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AK will only be saved by a suiter with deep pockets. When the global economy improves their will be plenty qw25041985 wrote:It seems this rumour is tied to wazua only. No use participatin in it . Life is short. Live passionately.
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Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
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sparkly, I can't imagine a company such as DELL and HP making a bid for AK GOD BLESS YOUR LIFE
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Rank: Member Joined: 10/16/2008 Posts: 56
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MJ rules out acquisition of AK. phew!! was crossing my fingers and toes in agony when rumours of saf buying AK were flying around. now can enjoy this promulgation hullabaloo in peace. http://af.reuters.com/ar...ws/idAFJOE67P07B20100826......If you talk to a man in a language he understands, that goes to his head. If you talk to him in his language, that goes to his heart....
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Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
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Interesting bidding war between HP and Dell. www.bbc.co.uk/news/mobile/business-11112377GOD BLESS YOUR LIFE
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Rank: User Joined: 5/9/2010 Posts: 1,418 Location: Nai
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Bytheway 4 the uninitiated the co. That Dell and HP are fighting for is a data storage manufacture in the U.S and yes its one of those co. That was build from the bottom up . I c Mighty Dell takin this one. Mapambano ! Mapambano ! Mapambano ! Mapambano ! Mapambano ! Mapambano ! Lol Your future depends on your dreams so go to sleep !
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Rank: Elder Joined: 5/27/2008 Posts: 3,760
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Bytheway 4 the uninitiated the CEO of HP Mark Hurd resigned 3 weeks ago due to a sex scandal with 50 yr old Jodie Foster. 22yr old yes, but 50 yr old!!! You have to question the guy judgement......
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Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
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Gordon Gekko wrote:Bytheway 4 the uninitiated the CEO of HP Mark Hurd resigned 3 weeks ago due to a sex scandal with 50 yr old Jodie Foster. 22yr old yes, but 50 yr old!!! You have to question the guy judgement...... And what did the dude get for that you ask? A severance package of 40 million dollars to ease his pain. Not bad. Not bad at all. GG kubali kila mtu ana taste yake GOD BLESS YOUR LIFE
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