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Kenya Airways...why ignore..
Rank: Member Joined: 4/17/2009 Posts: 194
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ProverB wrote:Iborian wrote:Flash Forward - 5th June 2014. Kenya Airways have just released their results for the year ended 31st March 2014.
EPS grew to an all time high of Kshs 12.92. Dividend raised to Kshs 3.50, following the exit of the former CEO Titus Naikuni last year.
Share price has now surged to all time high of Kshs 160. Investors have once again fallen in love with the stock.
Oh, did I just mention, I bought the share 3 years ago at the beaten down price of Kshs 33.
This is what dreams are made of. Nice dream..i didn't buy before..when you bought..and it went full cycle to where it is now.. 33 bob... if i buy it now.. the difference between u and i is " time value for money" 33 bob in my pocket over the last 3 years has done so much for me compared to you handsome return of 4 bob in dividends ove same period.. unless of course u traded the share over the period to take in capital gains..on which i'd admire you of course.. but i doubt that.  What do you take me for  ? Of course, I have been trading it, but I always come back on the dips  . 
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Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery
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Back in the days we had something to cheer about...PAX numbers where increasing...half year results were up 66%...this days i dont know what to cheer with this high oil prices...but i still believe they will grow their profits by double digits come June otherwise there was no point of talking a rights issue.....for old times sake i find myself placing an order at 33 bob.
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Rank: Chief Joined: 1/3/2007 Posts: 18,097 Location: Nairobi
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Iborian wrote:Flash Forward - 5th June 2014. Kenya Airways have just released their results for the year ended 31st March 2014.
EPS grew to an all time high of Kshs 12.92. Dividend raised to Kshs 3.50, following the exit of the former CEO Titus Naikuni last year.
Share price has now surged to all time high of Kshs 160. Investors have once again fallen in love with the stock.
Oh, did I just mention, I bought the share 3 years ago at the beaten down price of Kshs 33.
This is what dreams are made of. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Chief Joined: 1/3/2007 Posts: 18,097 Location: Nairobi
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NAV of 50/- [esp since KES has depreciated] so makes no sense to do a Rights Issue at this point! They should just raise a Bond... Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 6/2/2008 Posts: 1,438
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the deal wrote:for old times sake i find myself placing an order at 33 bob. I cut my losses a little while ago at 39.50-40. But somehow, I also find I can hardly stop myself from dipping in again. I bought a few today at 33 and will just keep on buying a small quantity as it dips, until the results come through or the rights issue is either confirmed or done away with (even better). As a shareholder, I vote for NO RIGHTS, and while at it, it is high time we got rid of some of the folks in Mgt/B.o.D.
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Rank: Chief Joined: 1/3/2007 Posts: 18,097 Location: Nairobi
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mwanahisa wrote:As a shareholder, I vote for NO RIGHTS, and while at it, it is high time we got rid of some of the folks in Mgt/B.o.D. Agreed on BOTH points! Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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Yenyewe at 33.00, the potential downturn is low. I keep seeing from a far. Already sitting on paper losses. Getting tempting by the day The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Member Joined: 8/26/2010 Posts: 124
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So unfortunate to shoot yourself to the realisation that it wasnt the rubber bullet you just cockd. Wishes come after,i should have read this thread 7 mnths ago n not now.I choose to add more time to my kq budget. Tough times in the air,just that the pilots distress call did nt reach the passangers on board.
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Rank: Member Joined: 1/3/2011 Posts: 264 Location: Nairobi
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You all know that its an unforgivable sin to chase stock prices upwards  , but that does not mean that chasing price downwards is less of a crime (Classic sign of an obsessive affair with your stock and money). If you chose to dig deeper there is a chance that you may strike oil, or just end up with a deeper hole. currently I am doing -30% on K.Q and am not thinking of "Averaging down" till its so practical that i cant ignore it (maybe at Ksh 27). The best thing to do is find another hole to dig and reduce the percentage Our Pride of Africa has on your books.
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Rank: Elder Joined: 6/2/2008 Posts: 1,438
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@MwM, you have got a point there and many a time when I buy KQ, I keep asking myself why I am doing it. Part of the answer is due to the fact that most of what I own today is to a large part due to some moves I pulled on this stock (along with KK, ARM and MSC) which really paid off in a big way. So perhaps there is some sentimentality involved. I guess I have some blinkers on my eyes where KQ is involved.
Having recognised that, I will strive not to buy too much at once and limit it to no more than 10% of my portfolio by the time I am through buying. And whenever there is an upward spike, I will sell some to reduce my exposure.
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Rank: Member Joined: 1/3/2011 Posts: 264 Location: Nairobi
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mwanahisa wrote:@MwM, you have got a point there and many a time when I buy KQ, I keep asking myself why I am doing it. Part of the answer is due to the fact that most of what I own today is to a large part due to some moves I pulled on this stock (along with KK, ARM and MSC) which really paid off in a big way. So perhaps there is some sentimentality involved. I guess I have some blinkers on my eyes where KQ is involved.
Having recognised that, I will strive not to buy too much at once and limit it to no more than 10% of my portfolio by the time I am through buying. And whenever there is an upward spike, I will sell some to reduce my exposure. Buying K.Q Should be like going to the market. After kununua unga ya sembe, Skuma wiki na Nyama, thats when you should start liiking for the royco. not the other way round. If your risk averse (esp beginner and low on cash) pick the less volatile stocks first, then consider the risky ones later. But thats just me
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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@mm. Thats is precisely my school of thought about averaging down. Individuals trying to average down on access kenya should take heed. The gains you will make in other counters will reduce the loss in the counter you want to average down on, its all your portfolio. But if u are convinced that the share will rise buy it, as a new investment decision, But not on the account of just averaging down alone. The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Chief Joined: 1/3/2007 Posts: 18,097 Location: Nairobi
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Folks - Unless there is fundamentally something wrong with KQ, why worry about averaging down [or buying 'new' shares]? Do not worry about averaging down [not a good idea] but look at the shares [& price] TODAY... Would you buy the shares today if you had NO shares? In KQ's case... yes, I would! Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Veteran Joined: 3/25/2011 Posts: 946
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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I am big fan of averaging down on good companies. Thus, if KQ still makes sense to an investor then they should keep buying.
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Rank: Veteran Joined: 11/11/2006 Posts: 971 Location: Home
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Any details on the profit warning?
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Rank: New-farer Joined: 10/22/2010 Posts: 35 Location: Nairobi
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holycow wrote:Any details on the profit warning? @holycow http://af.reuters.com/ar...ws/idAFL5E8CR2N620120127
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Rank: New-farer Joined: 6/22/2011 Posts: 30
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Correct me if I'm wrong, Ist Half 2011 results showed skewed results due to gains from hedging activities; an in the money gain pushed profits way up hence not impressed.
Can someone post Ethiopian Airlines results. I'd appreciate
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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platinum seeker wrote:[quote=holycow]Any details on the profit warning? @holycow http://af.reuters.com/ar...s/idAFL5E8CR2N620120127[/quote] bad news for the rights issue. In other news Spanish airline Spanair goes bankrupt leaving travellers stranded. Life is short. Live passionately.
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Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
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DAMN!! Looks like we will touch 15 bob not so long from now.. Mark 12:29
Deuteronomy 4:16
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