wazua Wed, Mar 18, 2026
Welcome Guest Search | Active Topics | Log In

10 Pages«<45678>»
Access Kenya FY2010 results a LOSS?
Options
Previous Topic · Next Topic
For Sport
#51 Posted : Thursday, March 24, 2011 9:56:33 AM
Rank: Veteran

Joined: 12/23/2010
Posts: 1,229
Cde Monomotapa wrote:
May=1Kg, Might=6Kg, Shall=10Kg


d'oh! .................in english? please?
Back to top
  |
ecstacy
#52 Posted : Thursday, March 24, 2011 10:04:25 AM
Rank: Elder

Joined: 2/26/2008
Posts: 4,449
KulaRaha wrote:
Impunity wrote:
BUY BUY BUY BUY


then

CRY CRY CRY CRY CRY CRY CRY CRY
Sad

LMAO!
Back to top
  |
ProverB
#53 Posted : Thursday, March 24, 2011 10:07:32 AM
Rank: Veteran

Joined: 3/12/2010
Posts: 1,199
Location: Eastlander
mlennyma wrote:
Am hearing you.anybody selling ak below 10 is a loser,so let me put some in my pocket and wait,i tried a good bunch jana at 8 but i got nothing.all i needed is to hear the somens confirming the availability of the company coz i thot they died.


which loser do you mean?
a. One that fails to win: the losers of the game.
b. One who takes loss in a specified way: a graceful loser; a poor loser.
c. One that fails consistently, especially a person with bad luck or poor skills
d. One that is bad in quality: That book is a real loser.

my context of loser in my post is limited actualizing your capital loss by selling off Access at prices close to 80% off buying price..

prudence of cutting losses is capped at average 12%...since its recoverable through other trade actions

Essence of cost average is when price dip is not backed by fundamentals..but in case of Access..it price dip is a serious reflect of Access as a player in a rapidly changing market..
nothing at all justifies cost averaging..
this counter is becoming increasingly a penny stock on the premise of serious speculators..some local version of spot trade..and a hefty risk threshold.
..Let your light so shine before men, that they may see your good works, and glorify your Father which is in heaven...Matt5:16
- 1769 Oxford King James Bible 'Authorized Version
Back to top
WWW
  |
Cde Monomotapa
#54 Posted : Thursday, March 24, 2011 10:33:54 AM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
For Sport wrote:
Cde Monomotapa wrote:
May=1Kg, Might=6Kg, Shall=10Kg


d'oh! .................in english? please?

In your opinion AK may or might or shall make you money? smile choose one as u make a buy/sell decision.
Back to top
  |
Magnetic Touch
#55 Posted : Thursday, March 24, 2011 10:37:26 AM
Rank: Member

Joined: 12/31/2008
Posts: 90
Cde Monomotapa wrote:
For Sport wrote:
Cde Monomotapa wrote:
May=1Kg, Might=6Kg, Shall=10Kg


d'oh! .................in english? please?

In your opinion AK may or might or shall make you money? smile choose one as u make a buy/sell decision.


You should add Will Not and give it a weight of 50 Kg, which I will vote for.
Back to top
  |
muganda
#56 Posted : Thursday, March 24, 2011 11:06:06 AM
Rank: Elder

Joined: 9/15/2006
Posts: 3,907
Okay so finally, I see the results http://www.accesskenya.com/docs...nya_consolidated2011.pdf:

Hmmmn:
-Turnover goes down a mere 17%
-Gross profit up 16% due to increase in gross margin to 68%
-Net net IT services business was not the drain

But admin expenses go up 30%????
So this is the culprit, and surely they needed to provide a note so we understand better.

For 150m I see staff up 50% depreciation up 100%, but what about the other 150m?
Back to top
  |
KulaRaha
#57 Posted : Thursday, March 24, 2011 11:18:25 AM
Rank: Elder

Joined: 7/26/2007
Posts: 6,514
muganda wrote:
Okay so finally, I see the results http://www.accesskenya.com/docs...nya_consolidated2011.pdf:

Hmmmn:
-Turnover goes down a mere 17%
-Gross profit up 16% due to increase in gross margin to 68%
-Net net IT services business was not the drain

But admin expenses go up 30%????
So this is the culprit, and surely they needed to provide a note so we understand better.

For 150m I see staff up 50% depreciation up 100%, but what about the other 150m?




You really think that gross profit of 68% is sustainable?

I have yet to meet and Access customer who likes his provider.
Business opportunities are like buses,there's always another one coming
Back to top
  |
muganda
#58 Posted : Thursday, March 24, 2011 11:22:26 AM
Rank: Elder

Joined: 9/15/2006
Posts: 3,907
Apologies for my earlier erroneous post - I blame it on the SHOCK! I now see the article was for year 2009 results.

Looking back, it was the harbinger of bad fortune - Decline in 2009, Loss in 2010.

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
Back to top
  |
The Merchant
#59 Posted : Thursday, March 24, 2011 11:24:02 AM
Rank: Veteran

Joined: 5/24/2010
Posts: 846
Location: KENYA
If you own this stock do not buy anymore. This is the text book definition of a junk stock! Selling to cut your losses is upto you...
Back to top
  |
muganda
#60 Posted : Thursday, March 24, 2011 11:24:53 AM
Rank: Elder

Joined: 9/15/2006
Posts: 3,907
KulaRaha wrote:
You really think that gross profit of 68% is sustainable?

I have yet to meet and Access customer who likes his provider.


Good point @KulaRaha, but nevertheless I believe results show poor financial management, because customer metrics/gross profit/IT service business are up.
Back to top
  |
10 Pages«<45678>»
Forum Jump  
You cannot post new topics in this forum.
You cannot reply to topics in this forum.
You cannot delete your posts in this forum.
You cannot edit your posts in this forum.
You cannot create polls in this forum.
You cannot vote in polls in this forum.

Wazua Investor Theme
Powered by YAF | YAF © 2003-2009, Yet Another Forum.NET
Copyright © 2026 Wazua.co.ke. All Rights Reserved.