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KQ Profit Warning
Rank: Chief Joined: 1/3/2007 Posts: 18,098 Location: Nairobi
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Obi: KQ accounts for the hedges through their balance sheet. Check their website out. The 'full' hit was not apparent coz fuel prices were still 'high' on 30 Sep 2008 (date of the unaudited results/balance sheet). That said,some of the hedges would have burnt off (expired/paid off) over the next 6 months. KQ will release results (per other SKerians) in mid-late May 2009. By that time... more of the unfavourable hedges will be off the books. ****By the time the AGM rolls around (Sep/Oct 2009)... they may have written off/down most of the 'bad' hedges. 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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Rank: User Joined: 6/27/2008 Posts: 709 Location: Velayat-e Faryab
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Internationally,airline stocks have sunk cauze of the swine flu. Investors expect travel warnings to eat into passenger numbers and this will have a negative impact on the bottom line of arlines. KQ may be spared the agony if the flu is confined between Atlantic and Pacific Ocean. However,data coming in indicate that we are at level 4 of the epidemic and the worst is not yet over. They walk among us,and they reproduce. Go overdrive in purchasing the goods when there's blood on the streets, expecially if the blood is your own
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Rank: Elder Joined: 3/2/2009 Posts: 26,328 Location: Masada
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I read in some business paper that KQ is disposing of/selling two of its smaller Boeing a/c's to Czech at 3M dollar each.Could this earning be ploughed back into annual results to be announced soon so that we can expect some good dividend?Experts? Which is more dirty,the pig or Kenyan mp? Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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Rank: Member Joined: 1/9/2009 Posts: 169 Location: Syokimau
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@impunity,the aircraft to be sold are SAAB model which are currently not in KQ service,about the price,am not sure.
Becoming number one is easier than remaining number one
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Rank: Elder Joined: 3/2/2009 Posts: 26,328 Location: Masada
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eish...,I think KQ replaced its Airbuses with Boeing aircraft?Now you talk a SAAB?How does this aircraft look like,seems like South African make.@And1589,thanks anyway. Which is more dirty,the pig or Kenyan mp? Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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Rank: Elder Joined: 9/29/2006 Posts: 2,570
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When do we expect the results given that last yr they were released around 5th May I think? Should one expect the same KES 1.75 per share? Ecs 11.2 Give portions to seven,yes to eight,for you do not know what disaster may come upon the land. The opposite of courage is not cowardice, it's conformity.
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Rank: Member Joined: 4/10/2008 Posts: 10
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I expect to dividends this time round.BA has recorded record losses while Emirates profits have nose dived there is onily one direction in Airlines and its south.
astrologers for better future
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Rank: Member Joined: 3/11/2009 Posts: 22
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@ Jerry,
Last year's results were actually released on 30th May so its likely results will be out towards the end of this week.
'Our deepest fear is not that we are inadequate. Our deepest fear is that we are powerful beyond measure. It is our light,not our darkness that most frightens us.' Marianne Williamson
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Rank: Elder Joined: 9/29/2006 Posts: 2,570
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@Maumau,That was '07,n bks closure was 28/09/2007. Books closure last yr not in my records. Ecs 11.2 Give portions to seven,yes to eight,for you do not know what disaster may come upon the land. The opposite of courage is not cowardice, it's conformity.
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Rank: Veteran Joined: 3/16/2009 Posts: 1,464
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Rank: Chief Joined: 1/3/2007 Posts: 18,098 Location: Nairobi
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@Pierce: Asante but is it official (29 May). I think they may push it to 3 June (Friday) then the directors can fly straight to Mombasa. @ Impunity: They have 2 SAABs which they kept after the Douala 737 crashed & the Embraers were delayed. The SAABs were used for Kisumu & Mombasa. The sold their airbuses many,many years ago. KQ is an all-Boeing fleet except for the E-190s. 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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Rank: Member Joined: 8/14/2008 Posts: 107
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its ERJ170..........
Gravity; Its not just the law,its reality.
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Rank: Chief Joined: 1/3/2007 Posts: 18,098 Location: Nairobi
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Yep... KQ has 3 E-170s (not the larger 190s)... 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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Rank: User Joined: 6/27/2008 Posts: 709 Location: Velayat-e Faryab
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Would you say you were never warned. They walk among us,and they reproduce. Go overdrive in purchasing the goods when there's blood on the streets, expecially if the blood is your own
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Rank: Member Joined: 10/5/2007 Posts: 91
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Return this thread 2 archives!!
Playing the stock market without insider info...is like buying a cow in the moonlight.
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Rank: Member Joined: 7/3/2008 Posts: 238
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Going forth... keep buying keep buying.. every month 1000 shares for 18months... then we can talk....
5.6b loss! 1sh Dividends ... LOL.. KQ together 4ever!
if the incompetent and the reckless compete,the result is a disaster.. MN
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Rank: Member Joined: 8/14/2008 Posts: 107
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MALI,,
You need to read Tots thread....kq 2008-9 results
It aint really a loss. If u nderstand what unrealised fuel hedging costs means.
But we are buying big tym.
The difference between men and boys is the price of their toys.
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Rank: User Joined: 6/27/2008 Posts: 709 Location: Velayat-e Faryab
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Am not trying to look down on anybody and if I do,I apologize in advance. When someone says the unrealized hedge loss of Sh 7.5 billion by KQ is only for records sake,I see a desperate person who is willing against will that KQ is still viable and financially strong simply because he holds a huge lot of the same. Sample this: Mr. Richard Nuttal,the KQ airline’s Commercial director,tendered his resignation on Thursday. He quit a day before the announcement of the financial results. Sources said the director was sacked after he differed with the management over the rationale of the fuel hedging process that has hurled the airline into deep financial mess. (Source: Local Media) Wishing away losses does not make them go away. Count your losses in KQ and run to a favorable counter when you still can. @Hi-lo Closing your eyes to the truth won’t make it go away,neither is throwing good money at bad money. Someone once said,They walk among us,the problem is that they portend to give advice,never want to learn from past mistakes,but the worst part is that they reproduce. They walk among us,and they reproduce. Go overdrive in purchasing the goods when there's blood on the streets, expecially if the blood is your own
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Rank: Member Joined: 5/8/2009 Posts: 263 Location: Gigiri, Nairobi
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@ Surealligator Don’t be too hash on Hi-lo. @ Statboy The world's airlines will collectively lose $9 billion this year — nearly double the previous projections — and face a slow recovery as the economic crisis saps air travel and cargo demand,an industry body warned today. The International Air Transport Association,which represents 230 airlines worldwide,increased its loss estimate from the $4.7 billion it forecast in March,reflecting a 'rapidly deteriorating revenue environment.' Things can only get worse in the case of KQ. Recovery would start maybe five years from now if not ten. Stay young,keep your wheels in motion. >>>>>>
A thing of beauty is a joy for ever:
Its loveliness increases;
It will never pass into nothingness;
But still will keep a bower quiet for us,
and a sleep full of sweet dreams,
and health, and quiet breathing. - Keats
>>>>>>>In life,there are three classes of people,
1. Those who make things happen,
2. Those who watch things happen
3. And those who ask what happened.
Where do you fall?
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