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Access Kenya Fully year 2011 results
Rank: Elder Joined: 6/20/2012 Posts: 3,855 Location: Othumo
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At least at last there is hope at end of the tunnel. Been burnt here but small time! Thieves
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Rank: Chief Joined: 1/3/2007 Posts: 18,129 Location: Nairobi
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Jamani wrote:@VVS I remember reading something to that effect, in an online newspaper i dont have the link but i read it. Well, they have an incentive. At 15/-, that is 3x the current price. It will make the Somens very rich! Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 9/12/2006 Posts: 1,554
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King G wrote:At least at last there is hope at end of the tunnel. Been burnt here but small time! Been burnt big time.. meter na....
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Rank: Member Joined: 7/20/2012 Posts: 141
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What are the prospects for this stock in view of competition from other telecom players?
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Rank: Elder Joined: 9/12/2006 Posts: 1,554
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h2s wrote:What are the prospects for this stock in view of competition from other telecom players? For me, I think the prospects remain very high, the market is still big enough for all the players and competition is there to bring efficiencies into the field. AK still has room for growth, they have learnt hard lessons and hopefully they wont repeat the mistakes they made.
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Rank: Elder Joined: 7/21/2010 Posts: 6,184 Location: nairobi
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http://www.telecompaper....AccessKenya&type=com"Don't let the fear of losing be greater than the excitement of winning."
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Rank: Chief Joined: 1/3/2007 Posts: 18,129 Location: Nairobi
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Lots of competition but the market is growing very fast. Lots of investment needed as well. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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VituVingiSana wrote:Do you know anyone who leases fiber or has an account with Access Kenya?
I asked some friends who have SMEs:
- Zuku/Wananchi
- Safaricom modems [now switching to Orange because unlimited] given to key employees
- Africaonline [I did not know it is still around or is he confused?]
No-one I know had AK. Of course, my sample was limited plus all were SMEs (well, more small than medium!)
I use Safaricom but I might shift to Orange's unlimited package. We lease fibre from Access in Nairobi and Mombasa. Our company has about 450 employees. Life is short. Live passionately.
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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VituVingiSana wrote:mlennyma wrote:The somens promised to drive share price to above 15 before thinking of anything and said the worst is over...let me dream with them. When did they say that? Link? It was Chris Senanu, their MD who said that the company was valued at KES 13 and they could not sell below that. That was last year i think on Business Daily and Capital FM. Life is short. Live passionately.
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Rank: Elder Joined: 9/12/2006 Posts: 1,554
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sparkly wrote:VituVingiSana wrote:mlennyma wrote:The somens promised to drive share price to above 15 before thinking of anything and said the worst is over...let me dream with them. When did they say that? Link? It was Chris Senanu, their MD who said that the company was valued at KES 13 and they could not sell below that. That was last year i think on Business Daily and Capital FM. Thats very correct! its the one i read....
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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AK traded 3,602,000 shares today. That's 1.73% of the entire share float of 208,084,296. That's a big bet on AK. Who's the buyer?  $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Elder Joined: 7/21/2010 Posts: 6,184 Location: nairobi
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http://www.accesskenya.c...global-canopy-award.html"Don't let the fear of losing be greater than the excitement of winning."
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Rank: Elder Joined: 6/20/2012 Posts: 3,855 Location: Othumo
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hisah wrote:AK traded 3,602,000 shares today. That's 1.73% of the entire share float of 208,084,296. That's a big bet on AK. Who's the buyer? That was QW - Confirmed! Thieves
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Rank: Elder Joined: 7/21/2010 Posts: 6,184 Location: nairobi
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Something secret happening??as at 2pm ak has moved 2.8m with a demand of 2m shares against 1.1m supply.no price change..explain "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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Who is the buyer guys. "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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hisah wrote:AK traded 3,602,000 shares today. That's 1.73% of the entire share float of 208,084,296. That's a big bet on AK. Who's the buyer? This stock has surely bottomed. They are still laying fibre around the country, esp Mombasa leafy suburns. Trading at PB 0.9, not cheapest stock but not bad for a Tech. 4.50 has defended very well. The downside risks are minimal. Life is short. Live passionately.
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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sparkly wrote:hisah wrote:AK traded 3,602,000 shares today. That's 1.73% of the entire share float of 208,084,296. That's a big bet on AK. Who's the buyer? This stock has surely bottomed. They are still laying fibre around the country, esp Mombasa leafy suburns. Trading at PB 0.9, not cheapest stock but not bad for a Tech. 4.50 has defended very well. The downside risks are minimal. Yep, support is coming in at this levels and on heavy volumes. Can't remember where I read, the MD of AK expects double digit profit growth this year. I still wonder why Scom is willing to rollout new fibre ring instead of acquiring an existing competitor like AK and building on what is already working.
Today AK traded large volume of 3.11M which is 1.49% of the total float of 208,084,296. Perhaps some silent acquisition...
Also noticed sizable volume on Centum and Mumias... Watch this too.$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Elder Joined: 9/12/2006 Posts: 1,554
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BIDS 552,700
Quantity Price Splits Time
44,200 6.00 1 14:58:53
81,500 5.90 2 14:58:53
100,000 5.80 1 14:58:53
80,000 5.70 3 14:58:53
60,000 5.65 2 14:58:53
ASKS -
Quantity Price Splits Time
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TRADES
Quantity Price Time
15,900 6.05 14:58:52
4,100 6.05 14:55:39
10,000 6.05 14:50:23
1,000 6.00 14:45:20
302,800 6.00 14:38:50
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Rank: Elder Joined: 7/21/2010 Posts: 6,184 Location: nairobi
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Its time for a.k to reclaim its i.p.o price of 10bob,i understand they have expanded their cables to most major towns. "Don't let the fear of losing be greater than the excitement of winning."
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Rank: User Joined: 6/18/2009 Posts: 271
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Access Kenya Fully year 2011 results
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