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Access Kenya FY2010 results a LOSS?
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Gatheuzi
#71 Posted : Thursday, March 24, 2011 9:20:15 PM
Rank: Veteran

Joined: 8/16/2009
Posts: 994
This averaging down hypthesis can't work with AK unless you are sure of a buy out. For now even a buy out will be heavily discounted - implying that the chances of recouping the original 33 Kes or so investment is close to nil.

My verdict - sell, book the loss and apply the proceeds to a more viable investment.
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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erifloss
#72 Posted : Friday, March 25, 2011 8:28:25 AM
Rank: Member

Joined: 6/21/2010
Posts: 514
Location: Nairobi
I've never been a proponent of averaging down investments, reasons being:
1. You only average down when a share is going down, the reasons making the share go down have not yet changed as you are averaging down & you are doing this on prospects & hope of which you are not sure will take place.
2. Opportunity cost. You very well know that another particular share is going to rise, why invest on a stalling share?
3. More dollar billionaires & millionaires came up during the recession, reason being they knew when to get out.
4. Inflation. With time my money is not growing to retain its value coz of investing on a stalling share. Why is the price of gold going up? Why is the Usd losing value?

The bottom line is we all invest to make money & whatever you hold is paper loss thus if you believe in the stock let the paper loss be that while it starts regaining & invest your extra cash on other investment vehicles or shares so as to retain your true value.
'They say money cannot buy me happiness but when i compare when i had none and now, i'm happier' Kevin O'leary
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the deal
#73 Posted : Friday, March 25, 2011 10:52:23 AM
Rank: Elder

Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
Share down to 8 bob...wanjiku getting screwed left and right...
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Iborian
#74 Posted : Friday, March 25, 2011 11:02:27 AM
Rank: Member

Joined: 4/17/2009
Posts: 194
Mlennyma's prayers have been answered. I am sure he's loading up.
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jerry
#75 Posted : Friday, March 25, 2011 11:13:47 AM
Rank: Elder

Joined: 9/29/2006
Posts: 2,570
For Sport wrote:
mlennyma wrote:
You must at times learn to run opposite the crowds.


must also at times learn that when in a hole, one must stop digging

>>If you loan some1 cash and s/he is unable to repay you can either add her/him more cash or declare bad debt and move on.
The opposite of courage is not cowardice, it's conformity.
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2012
#76 Posted : Friday, March 25, 2011 11:15:36 AM
Rank: Elder

Joined: 12/9/2009
Posts: 6,592
Location: Nairobi
Gatheuzi wrote:
This averaging down hypthesis can't work with AK unless you are sure of a buy out.


I have never believed in that averaging down concept. If a value counter is
cheap, you buy because you know the value but not to help even out from making a loss. If the counter is suspect like AK is, don't buy even at 2/-, buy something else like KK and use it to "average" down. This is one concept that has been totally lost on me.

BBI will solve it :)
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ProverB
#77 Posted : Friday, March 25, 2011 12:14:56 PM
Rank: Veteran

Joined: 3/12/2010
Posts: 1,199
Location: Eastlander
the deal wrote:
Share down to 8 bob...wanjiku getting screwed left and right...


wanjiku mgani? wanjiku alianza biashara ya ma-plot za syokimau and kwingine.. Access was left when Safcom went "corporate" for their data products..
Debate on acces kufa-ing (Poleh Ms Kenya. smile ) has been around since fibre optic stated being hyped.. By that time stocks were scraping the floor and wanjiku was already burnt and gone.. plots were cheaper too!! smile
..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
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the deal
#78 Posted : Friday, March 25, 2011 1:41:00 PM
Rank: Elder

Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
@Proverb hapana...wanjiku still in AK...LOL...this thread is a no fly zone.
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VituVingiSana
#79 Posted : Friday, March 25, 2011 4:29:05 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,346
Location: Nairobi
2012 wrote:
Gatheuzi wrote:
This averaging down hypthesis can't work with AK unless you are sure of a buy out.


I have never believed in that averaging down concept. If a value counter is
cheap, you buy because you know the value but not to help even out from making a loss. If the counter is suspect like AK is, don't buy even at 2/-, buy something else like KK and use it to "average" down. This is one concept that has been totally lost on me.
Not lost on you... It just makes no sense!
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Aguytrying
#80 Posted : Friday, March 25, 2011 5:43:24 PM
Rank: Elder

Joined: 7/11/2010
Posts: 5,040
The top three losers today are the black sheep of the nse. Access, everready, sameer. Wamejitokeza! Wonder how olympia was left out.
The investor's chief problem - and even his worst enemy - is likely to be himself
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