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Access Kenya FY2010 results a LOSS?
Rank: Elder Joined: 7/26/2007 Posts: 6,514
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Access is a loss? Business opportunities are like buses,there's always another one coming
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Rank: Elder Joined: 6/2/2008 Posts: 1,438
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KulaRaha wrote:Access is a loss? YES! Loss of Kshs 7,951,000, EPS (Loss) of 0.04 and Turnover down by 17.5%. NOT A PRETTY PICTURE notwithstanding the brave picture they have been trying to present!
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Rank: Elder Joined: 7/26/2007 Posts: 6,514
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This Access....surely they dont have the strategic brainpower to understand that people are desperate for connectivity...but will not pay the price they ask?? Business opportunities are like buses,there's always another one coming
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Rank: Elder Joined: 12/9/2009 Posts: 6,592 Location: Nairobi
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KulaRaha wrote:This Access....surely they dont have the strategic brainpower to understand that people are desperate for connectivity...but will not pay the price they ask?? You've hit the nail on the head. That plus Kenyans have perfected the 'wait the price will come down' system.
BBI will solve it :)
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Rank: Elder Joined: 7/26/2007 Posts: 6,514
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2012 wrote:KulaRaha wrote:This Access....surely they dont have the strategic brainpower to understand that people are desperate for connectivity...but will not pay the price they ask?? You've hit the nail on the head. That plus Kenyans have perfected the 'wait the price will come down' system. I understand they have like 3000 connections they screw and bleed with crazy pricing and crappy customer service. Surely even my 10 year old knows its better to have 30,000 customers at 1/10th the price...more stability. Let them go under... Business opportunities are like buses,there's always another one coming
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Rank: Elder Joined: 6/2/2008 Posts: 1,438
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KulaRaha - you are right on the money. About 2 years ago, I wanted a connection to my residence and they quoted more than 40,000 shillings including setup and equipment costs. I told them to go to h**l.
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Rank: Elder Joined: 9/15/2006 Posts: 3,905
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Lo! kweli sad, even their new site has done away with financial reports section. Profit decline over 30%. Trying to find report but can't get full schedule of results. With a dividend of 0.30 perhaps dividend ratio may appeal to some? http://www.capitalfm.co.ke/busi...a-profit-drops-3977.html
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Rank: Elder Joined: 6/2/2008 Posts: 1,438
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muganda wrote:Lo! kweli sad, even their new site has done away with financial reports section. Profit decline over 30%. Trying to find report but can't get full schedule of results. With a dividend of 0.30 perhaps dividend ratio may appeal to some? http://www.capitalfm.co.ke/busi...a-profit-drops-3977.html SORRY. THERE IS NO DIVIDEND!!!
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Rank: Elder Joined: 7/26/2007 Posts: 6,514
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How can they pay dividend when they made nothing? Or are majority shareholders still bleeding the company dry at the expense of us retail investors? Business opportunities are like buses,there's always another one coming
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Rank: Member Joined: 3/28/2009 Posts: 13
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can u imagine i have AK shares that i bought at 33bob!#@%*!
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Rank: Elder Joined: 7/21/2010 Posts: 6,184 Location: nairobi
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Who said no dividend? "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Elder Joined: 7/21/2010 Posts: 6,184 Location: nairobi
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It becomes real loss when you sell,paper loss can be recovered partially or fully with time.take heart dear here we learn the hard way. "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Elder Joined: 6/2/2008 Posts: 1,438
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mlennyma wrote:Who said no dividend? Item no. 4 on the Agenda for the AGM due on 16th June 2011: "To note that the Directors do NOT recommend the declaration of a final dividend for the Financial Year ending 31 December 2010."
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Rank: Elder Joined: 7/26/2007 Posts: 6,514
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I'll hold mine and change them to certificates so my kids can wipe my grandkids' bottoms with them. Business opportunities are like buses,there's always another one coming
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Rank: Elder Joined: 6/2/2008 Posts: 1,438
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Rank: Member Joined: 4/18/2008 Posts: 51
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KulaRaha wrote:I'll hold mine and change them to certificates so my kids can wipe my grandkids' bottoms with them. hehehehehehhe
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Rank: Elder Joined: 6/2/2008 Posts: 1,438
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BTW, Michael Somen, will NOT be presenting himself for re-election as a Director. It seems that enough pressure has been brought to bear on the family to reduce their presence on the board. And, just one small matter... Water will be provided to those attending the AGM. You need not take your own..  .
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Rank: Elder Joined: 10/13/2009 Posts: 1,950 Location: in kenya
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KulaRaha wrote:I'll hold mine and change them to certificates so my kids can wipe my grandkids' bottoms with them.  or may turn out to be a collectors Item. '......to the acknowledgment of the mystery of God, and of the Father, and of Christ; 3 In whom are hid all the treasures of wisdom and knowledge.' Colossians 2:2-3
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Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
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mwanahisa wrote:And, just one small matter... Water will be provided to those attending the AGM. You need not take your own.. . Lack of water for the shareholders would have been the last straw for some. Luckily "THE BRILLIANT SOMENS"(TM) have averted any possible discontent at the AGM GOD BLESS YOUR LIFE
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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@Cde.YCS.. Buy what? LOL! NIC share-holders should also go for the water coz AK might close with their chums!! Kes.2B+ loss is a big deal to a mid-level bank like NIC.
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