KQ results out May/June. A disaster is coming.
Though if you read Satchu's stuff:
"It is a strong Wind but the bad News has been Factored in. The Upside is the Only Game in Town for Kenya Airways. It can go Up like the Plane that never lands under the Uplifting Hand of Titus"
KQ had to 're-employ' the 800 or so staff it fired. It has cut flights & seats to Europe. It has increased Africa connectivity but are these profitable yet?
The Rights Issue expenses may be included in the EOY results thus higher costs.
KK results will be much lower than my expectations [I though 2H would be break-even to strong but the Profit Warning dissuaded me] though I remain (biased?) confident that there will be another buyer knocking on the door by 2014. In the meantime, Segman has to perform in 2013.
Mumias - Losses all the way.
No cane = No sugar = No sales = No revenue
No cane = No molasses = No alcohol = No revenue
No cane = No bagasse = No raw material for power plant = No power = No revenue
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett