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Access Kenya free fall.
niando
#1 Posted : Tuesday, April 27, 2010 10:20:19 AM
Rank: Member


Joined: 6/5/2008
Posts: 174
why? Why? is the price going down down down and how far down can we get? entered at 31/= in 2008 now counting paper losses
For bookkeeping and bank loan interest recalculation try us:niando.becia@gmail.com
Ngalaka
#2 Posted : Tuesday, April 27, 2010 10:28:27 AM
Rank: Veteran


Joined: 10/29/2008
Posts: 1,566

Also gnashing my teeth this side.
It's a bore.
Isuni yilu yi maa me muyo - ni Mbisuu
BGL
#3 Posted : Tuesday, April 27, 2010 10:33:34 AM
Rank: Veteran


Joined: 10/11/2009
Posts: 1,223
I have a reason for believing that only NEW IDEAS will save Access Kenya. During the era of provision of internet via Satellite, AK was the undisputed king winning COYA awards year in year out. However, with the Fibre optic landing it is sort of they have been distracted. The Niche they were targeting when they were wining those COYA awards is been encroached slowly and surely by Safaricom. I think if the status quo remains, as early as next year Safaricom will be dominating broadband internet business in Nairobi and all major cities. Michael Joseph has made it very clear that he is going for the Data market which should be causing cold shivers to AK.
The two indexes that track the market have made substantial gains sine the start of the year. All the stocks that i hold in my portfolio have gained an average of 24.59% whilst AK has lost 19% and has been systemic in moving south and i still think its still not yet done. Nowadays these guys announce dividends which they do not say when they will pay.., and true to their work they take ages to pay. I think the likes of the 'Genius CEO' for example Mugo Kibati can inject the strategic ideas to fight the David (AK) vs Goliath (Safaricom, KDN, Yu etc etc) battle in the data market.
History will not remember you for your IQ. It will remember you for what you did. “Genius is 1 percent inspiration, 99 percent perspiration.” Thomas Edison
guru267
#4 Posted : Tuesday, April 27, 2010 10:37:27 AM
Rank: Elder


Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
@niando this stock has a high P/E ratio with a very limited chance of increasing EPS... i think short term investors will continue to drive the stock down as they look for better oppurtunities... then couple this with reduced demand for the share due to plenty of other market oppurtunities...

all this doesnt spell well for AK in 2010
Mark 12:29
Deuteronomy 4:16
Gatheuzi
#5 Posted : Tuesday, April 27, 2010 1:19:18 PM
Rank: Veteran


Joined: 8/16/2009
Posts: 994
I agree with you all on the fact that AK will find it very hard to retain its high growth curve. Not many options but to up its game which will be very difficult in this competitive market.

I was in AK too but early in the year I made my exit when it was at 21.78 in Feb 10 effectively booking a 10% loss. My next pick with part of the proceeds MSC is up 41% so I don't regret the transaction.

My advice to those holding this counter for the short term is to look elsewhere.
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.
2012
#6 Posted : Tuesday, April 27, 2010 3:00:57 PM
Rank: Elder


Joined: 12/9/2009
Posts: 6,592
Location: Nairobi
KDN is such a disaster! Kings of over promise and super under delivery!
My office dumped access for KDN (with good reasons) and Access was probably the better devil.

BBI will solve it
:)
VituVingiSana
#7 Posted : Tuesday, April 27, 2010 5:12:13 PM
Rank: Chief


Joined: 1/3/2007
Posts: 18,126
Location: Nairobi
AK will find it harder to get new corporates on board... Safaricom is pursuing this market aggressively...
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Jaguar
#8 Posted : Wednesday, April 28, 2010 8:25:09 AM
Rank: Member


Joined: 6/7/2007
Posts: 263
Location: humu humu
foreign traders are grabbing it accounting 92.46% of the 6.46M turnover traded so far....my dream of getting in big time @18.00 fading away...
mv_ufanisi
#9 Posted : Wednesday, April 28, 2010 8:48:45 AM
Rank: Member


Joined: 1/15/2010
Posts: 625
Jaguar wrote:
foreign traders are grabbing it accounting 92.46% of the 6.46M shares traded so far....my dream of getting in big time @18.00 fading away...


Just because the foreigners are getting in ...
Djinn
#10 Posted : Wednesday, April 28, 2010 8:55:16 AM
Rank: Elder


Joined: 11/13/2008
Posts: 1,565
told you so! search the archives and tell me I did not.
Jaguar
#11 Posted : Wednesday, April 28, 2010 8:59:42 AM
Rank: Member


Joined: 6/7/2007
Posts: 263
Location: humu humu
mv_ufanisi, they have actually spoilt the party for me & other short term traders, was praying it goes lower
VituVingiSana
#12 Posted : Wednesday, April 28, 2010 9:38:08 AM
Rank: Chief


Joined: 1/3/2007
Posts: 18,126
Location: Nairobi
Safcom will whack AK... I know safcom service sucks but what safcom doesnt take... there are others...

A new one (Slovekian firm) just entered the market...
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
mdosi
#13 Posted : Wednesday, April 28, 2010 9:48:05 AM
Rank: Member


Joined: 2/1/2007
Posts: 112
Location: Nairobi
This share is going to the dogs. I bought in 2008 @ 35 but averaged down to 27 with subsequent buying last year. However, i've had to bail out @ 21 making a 24% loss but got into mumias and i'm already 20% up. Safaricom is giving ISPs stiff competition and in fiture, some of them will fold. All the best to those holding this stock but i wouldn't be very confident with it.
It's amazing what you can achieve when you get rid of fear.
Jaguar
#14 Posted : Wednesday, April 28, 2010 12:34:26 PM
Rank: Member


Joined: 6/7/2007
Posts: 263
Location: humu humu
things have now changed,
demand 301,500
suply 125,400
tomorrow....no supply
Gordon Gekko
#15 Posted : Wednesday, April 28, 2010 1:06:43 PM
Rank: Elder


Joined: 5/27/2008
Posts: 3,760
VituVingiSana wrote:
Safcom will whack AK... I know safcom service sucks but what safcom doesnt take... there are others...

A new one (Slovekian firm) just entered the market...


Thought it was an Israeli outfit??
haiyaa
#16 Posted : Wednesday, April 28, 2010 1:14:08 PM
Rank: Member


Joined: 7/23/2008
Posts: 99
Jaguar wrote:
things have now changed,
demand 301,500
suply 125,400
tomorrow....no supply

yeah
It looks like the freefall is over.Its not among the top 5 losers today , may gain back to 20/= but Not sure if it will exceed 25/= this year.
VituVingiSana
#17 Posted : Wednesday, April 28, 2010 1:21:09 PM
Rank: Chief


Joined: 1/3/2007
Posts: 18,126
Location: Nairobi
@GG - AK's founders are Jewish (not Israeli)...

There is a new firm on the news jana (or was it juzi) which is a Slovekian firm paired up with a local firm...

AK will face severe competition going forward...
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Msasani
#18 Posted : Wednesday, April 28, 2010 1:40:51 PM
Rank: Member


Joined: 6/26/2008
Posts: 16
If telcos are moving into data coz the latter is more profitable, what r the chances of data providers like AK getting a macho suitor an hit back by moving into voice??...juz wondering
VituVingiSana
#19 Posted : Wednesday, April 28, 2010 1:48:35 PM
Rank: Chief


Joined: 1/3/2007
Posts: 18,126
Location: Nairobi
Msasani wrote:
If telcos are moving into data coz the latter is more profitable, what r the chances of data providers like AK getting a macho suitor an hit back by moving into voice??...juz wondering
LOLest... If Telkom/Orange, Yu or Zain seem to be losing cash on voice... why woudl AK get into voice?

Only Safaricom seems to be making cash on voice
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
sparkly
#20 Posted : Wednesday, April 28, 2010 2:03:15 PM
Rank: Elder


Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
Got some at 20/-. Was salivating at the prospect of getting some more at 15 - 16.

I am putting aside some cash... just in case.
Life is short. Live passionately.
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