@aki: I beg to differ with you on this. Since AK themselves say they will significantly reduce capex on infrastructure in 2010, and given their bullish revenues, it's not difficult to see that this will reap handsome profits for them come the end of the year...even with limited revenue growth in the same period. Unless someone unleashes a market EMP that sends competitors scampering for safety...that's the beauty in volatility that's in ICT :) On Tue, Mar 23, 2010 at 12:30 PM, aki <aki275@googlemail.com> wrote:
@webMike, I'll make my last contribution on this thread. There is one line in that article that stands out = “There will be a much higher average bandwidth per consumer as we go ahead. This is what we have to service,” said Mr Senanu. These guys have taken a bitter pill, that double bandwidth/same price. I hope they will be able to do good for the market and as others will through Eassy.
Me thots.
Rgds.
On Tue, Mar 23, 2010 at 12:09 PM, Michael Pedersen <sku@kaal.dk> wrote:
aki wrote:
There is a story in Business Daily today titled " AccessKenya records 31 p.c. drop in profit " . No matter what way you look at the article, the consumer has spoken.
I'm not sure how you read the article, but I think its a "different way" than the way I read it.
It is quite clear from the graph in the article that turnover for 2009 have infact increased (by what seems like 1/3), and the article clearly states that it is the investments that have nearly doubled and thereby reduced profitability... So yes I agree that the consumer has spoken, but in favor of AccessKenya ;-)
Anyway it will be interesting (as always) to see the public accounts when they are out.
regards webMike
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