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

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.

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.

AK will find it harder to get new corporates on board... Safaricom is pursuing this market aggressively...

Just because the foreigners are getting in ...

mv_ufanisi, they have actually spoilt the party for me & other short term traders, was praying it goes lower

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.

Thought it was an Israeli outfit??

@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...

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