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KQ- Can it get any worse?
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ecstacy
#1 Posted : Wednesday, May 06, 2009 4:03:00 PM
Rank: Elder

Joined: 2/26/2008
Posts: 4,449
someone once posted a thread on negative growth....in the same line of thought...on the rebound...looking at the battering KQ has taken on the NSE closing at Ksh. 23/= today and even with a profit warning being issued,in your view,can it get any worse than it is?
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VituVingiSana
#2 Posted : Wednesday, May 06, 2009 8:26:00 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,346
Location: Nairobi
Of course it can get worse but on a probability scale I would think things will improve. Only 28% forward hedge at higher prices for through Dec 2009.

Greedy when others are fearful,Very fearful when others are greedy - to paraphrase WB
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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jammo
#3 Posted : Thursday, May 07, 2009 5:43:00 AM
Rank: Member

Joined: 2/12/2008
Posts: 345
Judging from price reaction to quarter 1 results as well as bookclosures,AGMs and dividend payouts thus far...market pricing of stocks is totally hinged on a collective trend..if general market is up..all counters with nothing outside expectations go up...if down..the counters go down.. regardless of announcement made.. Spread buy.

DISCLAIMER: This is the opinion of one Jammo,CFA,CPA,Opinionated and Loud,based in nairobi. Whilst care has been taken in compiling the data to be as most factual n logical,he doesn't accept any responsibility of accuracy or completeness of info contained herein..neither does he purport to be a genius!
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Lyanne
#4 Posted : Thursday, May 07, 2009 9:31:00 AM
Rank: Member

Joined: 5/5/2009
Posts: 181
It got worse a while back,i remember the boarding call sounded at Ksh 17 thereabouts,currently thats a tidy profit of around 33% net of brokers cost. I aint selling though,im getting out at Ksh 25 in readiness for the down plunge.

The Hedonist
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Magnetic Touch
#5 Posted : Thursday, May 07, 2009 11:36:00 AM
Rank: Member

Joined: 12/31/2008
Posts: 90
Lyanne,Good for you - I also got on between 16.50 to 17.00. I might just join you in selling but I am thinking - may be this is one share that one should be buying for the long term. Tourism will not always be down and the GFC is showing signs of ending. Where do you think the price will be 5 years from now?

Men occasionally stumble over the truth,but most of them pick themselves up and hurry off as if nothing ever happened.
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Lyanne
#6 Posted : Thursday, May 07, 2009 11:52:00 AM
Rank: Member

Joined: 5/5/2009
Posts: 181
@ Magnetic,no one can accurately tell where a stock will be 5 yrs from now especially airline stocks,they are good for reaping dividends and speculating but not fo long term.

Again as the Sage of Omaha has shown,he doenst really go for airline stocks due to their volatility,remember this stock was once trading at Ksh 142.

Go for blue chips especially now that pple are dumping them,you will reap well into 2012,remember theres a DISCOUNT SALE at NSE !!


The Hedonist
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The General
#7 Posted : Thursday, May 07, 2009 12:59:00 PM
Rank: Member

Joined: 6/3/2006
Posts: 553

People forget that today's junk is often tomorrow's blue chip. - Mike Milken

The thicker the thigh the sweeter the pie.
The thicker the thigh the sweeter the pie.
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Goals
#8 Posted : Thursday, May 07, 2009 1:05:00 PM
Rank: Member

Joined: 10/6/2008
Posts: 118
We have seen the worst of this stock so far. i had made a purchase order @130 in 2006 but cancelled before it was effected. May be the future will be bright with the arrival of dream liners in 2-3years.

What if the co. posts a loss and no dividends in the current year!




'Success is the progressive realization of a worthy ideal...if you will only do each day the things you know you should do each day and do them as successfully as you possible can,you can rest assured that you will be successful all the years of your life.'
Earl Nightingale
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McReggae
#9 Posted : Thursday, May 07, 2009 1:11:00 PM
Rank: Elder

Joined: 6/17/2008
Posts: 23,365
Location: Nairobi
Goals: Loss in a big no,the profits have reduced just a bit!!!!

Make money.....then you will enjoy all the fine things in life!!!
..."Wewe ni mtu mdogo sana....na mwenye amekuandika pia ni mtu mdogo sana!".
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Goals
#10 Posted : Thursday, May 07, 2009 1:20:00 PM
Rank: Member

Joined: 10/6/2008
Posts: 118
Lets wait for announcements,major airlines have posted losses.

Will this stock ever consider splitting?


Fear sees obstacles,Faith sees opportunities
Fear sees problems,Faith sees possibilities
Fear sees stumbling blocks,Faith sees stepping-stones!
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