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KQ - 1st Half 2009-10
VituVingiSana
#11 Posted : Friday, October 30, 2009 6:21:00 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,347
Location: Nairobi
860mn from operations,etc & 2.2bn after factoring in hedge gains... All PAT

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
uchumi
#12 Posted : Friday, October 30, 2009 6:33:00 AM
Rank: Member

Joined: 9/16/2006
Posts: 234
it is a share to watch.
“I don’t regret the things I’ve done, I regret the things I didn’t do when I had the chance.”
Kausha
#13 Posted : Friday, October 30, 2009 7:38:00 AM
Rank: Member

Joined: 2/8/2007
Posts: 808
1.7B from hedge gains but what worries me is their revenue was substantially down in USD terms however the translation to KES gave them 6.5B. They had a stronger year last year save for the fuel hedge hoodoo from what we can glean from this year's results.
VituVingiSana
#14 Posted : Friday, October 30, 2009 7:49:00 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,347
Location: Nairobi
@kausha - Very poor 1Q (the stats were horrible) but recovery in 2Q... the strike lost them $5mn (350mn) in revenues as well otherwise the revenues would have matched prior 1Q.
****** the hedge gains in 1H will help cash wise... as KQ will receive payments (or pay out less).

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
VituVingiSana
#15 Posted : Friday, October 30, 2009 7:58:00 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,347
Location: Nairobi
@kausha - The US$ drop is huge coz from 64 to 78 mean revenues are down huge in US$. Since US$/KES is around 75 now,there should a minimal impact on KES revenues. That said,I wonder what else KQ has done to manage costs.
****** I wonder what will happen to the new destinations once the $44,$45,$46,$47 flights are history...

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
khisa
#16 Posted : Sunday, November 01, 2009 7:08:00 AM
Rank: Member

Joined: 10/28/2009
Posts: 2
Now that kq has made a 17% increase in profit before tax,am going long on its share i think by end of next week the impact on these fundamentals will already be seen.Happy trading!

evans khisa
+254733760385
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