KQ issued a profit warning on 5th November 2012.
The results will be dire. There is no way that the H1 PBT loss of 6.59 Billion can translate into anything other than a bigger loss.
I used to be a KQ enthusiast but bailed out when it became clear that Mgt were hellbent on destroying shareholder value with an ill conceived expansion plan that continues to this day.
If we hit a possible 10 billion shillings PBT loss on Friday, this share could well hit the Kshs 6-7 lows that it used to trade at around the turn of the millenium. Maybe just maybe there will be long term value then. At any rate, below 10/=, it will start to attract speculative day trades but at the moment, its outlook remains real bleak!!!
obiero wrote:mlennyma wrote:From 140 to 14bob rights and bleeding to the grave.
No warning! Hakuna grave yoyote hapa. KQ is a strong company with little competition and growing demand for service offered. Mwenye macho haambiwi tazama!