Somen the father has quit the Access Board.

He is the 4th director to quit this year following the metro fibre procurement "scandal".

The company was also under investigation by CMA on corporate governance issues.

I expect to see some stability on this counter and think it will not dip below 20/= unless there is a change in fundamentals.

I don't see it going above 23.50/= very soon as it is relatively expensive.

However if the NSE index continues to rise the share might hit 30.

Did he quit or he just stepped down to save the companies face?

He is still a board member http://www.accesskenya.c...p;cat=home&sid=256.

I believe CMA asked AK to window-dress the situation.

Lakini there is no corporate governance laws in Kenya so not a biggie

qw, the all time high for AK is 36 bob. I'm guessing this was during the crazy bull run of 06/07
A 40% increase is unlikely to lead to the price shooting to 30.
I see this financial year, being the time for AK to recoup on its investment on fiber.
Next year will be its make or break year.

30/- would mean a very high PER (even with the 40% increase in PAT)...

The wrong person was let off. I have said it before, it is Jonathan the MD who should be shown the door. But I hope the new board will review his contract, hopefully before the AGM, but something in the back of my head tells me he will be retained, what with Naikuni on the Board, who should himself be jettisoned at KQ.