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| Company Profile |
| Name |
AccessKenya Group Ltd Ord. 1.00 |
| Security Type |
Ordinary |
| Ticker |
ACCS |
| Reuters Code |
|
| ISIN |
|
| Number of Employees |
147 |
| Address |
Communications Solutions Ltd |
| 4th Floor, Museum Hill Centre |
| Nairobi, Kenya |
| Website |
www.accesskenya.com |
| Phone |
+254-20-374-9599 |
| Fax |
+254-20-374-2107 |
| Email |
info@accesskenya.com |
| Nature of Business |
AccessKenya is the leading corporate Internet service provider (ISP) in Kenya today with offices in Nairobi and Mombasa. As well as providing world class ISP connectivity to successful businesses it is also at the forefront of broadband IS P services and Corporate Telephone Services and ensures that its valued clients receive the quality, reliability and se rv ice for an excellent price that every business should expect from its Internet service provider. |
| Summary of the Offer |
| Offer Type |
Initial Public Offering |
| Offer Method |
Offer for Subscription |
| Purpose |
|
| Utilization of Proceeds |
The net proceeds from the issue of New Shares by the Company will be applied, interalia, for the following purposes:
- Increase in sales and marketing expenditure across the Group's businesses
- Purchase of the necessary equipment to connect corporate customers to the Group's telephone service and finance the cost of equipment for eligible customers
- Development of the Group's business in adjacent market sectors, including the possible deployment of new and complementary networks such as CDMA and WiMax to facilitate voice and data services for SoHo and Hi Res as well as corporate customers through either or both of organic growth and acquisition
- Investment into the development of an IT services business through either or both of organic growth and acquisition
- Expansion of the Group's existing network to increase its robustness, functionality and cost effectiveness for current and future customers
The proceeds from the sale of the Sale Shares will accrue to the Vendors. |
| Target Investors |
The Offer is open to any member of the public including individuals, corporations, institutions and foreign investors who make an application in the required form through an Authorised Selling Agent in Kenya |
| Important highlights of the issue |
| Par Value of each share |
KES 1.00 |
| Authorised Share Capital |
0 |
| Fully Paid Share Capital |
199,885,978 |
| Shares Offered for Sale |
80,000,000 |
| % of Fully Paid Shares Offered for Sale |
40.02% |
| Offer Price per Share |
KES 10.00 |
| Price Earning (PE) Ratio at Offer Price |
13.16 |
| Dividend Yield at Offer Price |
3.00% |
| Important dates and times |
| Offer Open Date |
9:00 am Thursday, April 19, 2007 |
| Offer Close Date |
3:00 pm Monday, April 30, 2007 |
| Results of Allocation Announced |
Thursday, May 24, 2007 |
| Crediting of CDS Accounts with Shares |
Monday, May 28, 2007 |
| Dispatch of Share Certificates |
Monday, May 28, 2007 |
| Crediting refunds through electronic funds transfer |
Monday, May 28, 2007 |
| Dispatch of refund checks (if applicable) |
Monday, May 28, 2007 |
| Commencement of Trading on Nairobi Stock Exchange |
Monday, June 04, 2007 |
| Key Numbers |
| Fiscal Year End |
December |
| Currency |
Kenya-Shilling (KES) |
| Sales (in millions) |
2,070.35 |
| 1 Year Sales Growth |
+32.03% |
| Annual Income Summary (in millions except EPS data) |
|
December 31, 2009 |
December 31, 2008 |
December 31, 2007 |
December 31, 2006 |
| Sales |
2,070.35 |
1,568.04 |
882.20 |
577.88 |
| Pre-Tax Income |
182.31 |
263.39 |
171.15 |
70.27 |
| Net Income |
147.91 |
203.66 |
133.51 |
46.91 |
| Average Shares |
205.95 |
203.58 |
154.12 |
0.05 |
| EPS |
0.76 |
0.99 |
0.83 |
972.96 |
| Total DPS |
0.30 |
0.40 |
0.30 |
172.17 |
| Quarterly Income Summary (in millions except EPS data) |
|
-- |
-- |
-- |
-- |
| Sales |
-- |
-- |
-- |
-- |
| Cost of Goods |
-- |
-- |
-- |
-- |
| Gross Profit |
-- |
-- |
-- |
-- |
| Pretax Income |
-- |
-- |
-- |
-- |
| Net Income |
-- |
-- |
-- |
-- |
| Average Shares |
-- |
-- |
-- |
-- |
| EPS |
-- |
-- |
-- |
-- |
| Annual Balance Sheet Summary (in millions) |
|
December 31, 2009 |
December 31, 2008 |
December 31, 2007 |
December 31, 2006 |
| Cash & Equivalents |
-- |
-- |
-- |
65.48 |
| Total Current Assets |
-- |
-- |
-- |
157.52 |
| Total Liabilities |
-- |
-- |
-- |
95.16 |
| Share Holder Equity |
-- |
-- |
-- |
130.11 |
| Long Term Debt |
-- |
-- |
-- |
-- |
| Annual Consolidated Cash Flow (in millions) |
|
December 31, 2009 |
December 31, 2008 |
December 31, 2007 |
December 31, 2006 |
| Net cash flows generated from (used in) in operating activities |
265.69 |
248.69 |
-- |
68.51 |
| Net cash flows generated from (used in) in investing activities |
-1,003.97 |
-511.08 |
-- |
-49.15 |
| Net cash flows generated from (used in) in financing activities |
530.77 |
-61.77 |
-- |
60.67 |
| Latest Company Press Releases |
| Yello - the most affordable Corporate Telephone Service available today |
| AccessKenya Group Limited - 03 April, 2007 |
| Our latest innovation for the Kenyan market is the introduction of our simple voice service. |
| AccessKenya Planning to List on the Nairobi Stock Exchange |
| AccessKenya Group Limited - 03 April, 2007 |
| AccessKenya Group, the holding company which owns AccessKenya, Kenya's leading corporate ISP, and BLUE, one of Kenya's largest Public Data Network Operators, has applied to the Capital Markets Authority and the Nairobi Stock Exchange to list on the Stock Exchange this year through an Initial Public Offer. |
| Latest Company News |
| No Company News at this time. |
| Company Market Announcements |
| No Company Market Announcements at this time. |
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AccessKenya Group Limited Prospectus