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Kenya Airways...why ignore..
mwanahisa
#281 Posted : Friday, June 14, 2013 11:17:11 AM
Rank: Elder

Joined: 6/2/2008
Posts: 1,438
We have got the the 10 billion Loss before tax that I predicted. It has actually come in at 10.8 Billion, no doubt the biggest loss ever by a listed firm in Eastern Africa.

Now, let's see whether the 2nd part of my prediction of a share price of 6-7 shillings will come to pass within the next 12 months.

It's instructive that in an unprecedented gesture, the full year statement includes an extract of the Auditors Report. The opinion of the auditors has some curious and interesting wording about the summary statements conforming in all material respects to the
group financial statements. I did not see the words "true and fair"


mwanahisa wrote:
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!!!

selah
#282 Posted : Friday, June 14, 2013 11:27:06 AM
Rank: Elder

Joined: 10/13/2009
Posts: 1,950
Location: in kenya
mwanahisa wrote:

It's instructive that in an unprecedented gesture, the full year statement includes an extract of the Auditors Report. The opinion of the auditors has some curious and interesting wording about the summary statements conforming in all material respects to the
group financial statements. I did not see the words "true and fair"



I think the reason why "true and fair" is missing is because the summary does not have all the disclosures.
'......to the acknowledgment of the mystery of God, and of the Father, and of Christ; 3 In whom are hid all the treasures of wisdom and knowledge.' Colossians 2:2-3
obiero
#283 Posted : Thursday, August 01, 2013 7:54:25 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,289
Location: nairobi
I have my life savings in this counter. I have analysed the future and it is terribly bright. I suggest that wazua members with longterm cash board this counter. A goldrush beckons
COOP, IMH, KEGN, KQ, MTNU
Aguytrying
#284 Posted : Thursday, August 01, 2013 8:29:35 PM
Rank: Elder

Joined: 7/11/2010
Posts: 5,040
obiero wrote:
I have my life savings in this counter. I have analysed the future and it is terribly bright. I suggest that wazua members with longterm cash board this counter. A goldrush beckons


your confidence in this counter is unwavering. tell me why you think it'll make you money, tell me what you are seeing.
The investor's chief problem - and even his worst enemy - is likely to be himself
ProverB
#285 Posted : Thursday, August 01, 2013 11:25:52 PM
Rank: Veteran

Joined: 3/12/2010
Posts: 1,199
Location: Eastlander
#KenyaAirways was trading at >Ksh52 when this thread begun. Disregarding share price, it's prudent to note things are more dire now for #KenyaAirways compared to 3 years back.

As an investment..the share is toxic.. As a gamble play for speculators..the share is ripe for fun depending on depth of pocket and how well you understand #MomentumInvesting

..something akin to what Naushad Meralli did with #UchumiLtd smile

Enjoy.
..Let your light so shine before men, that they may see your good works, and glorify your Father which is in heaven...Matt5:16
- 1769 Oxford King James Bible 'Authorized Version
rurinjaa
#286 Posted : Friday, August 02, 2013 1:20:57 AM
Rank: New-farer

Joined: 7/10/2013
Posts: 29
have my life savings in this counter. I have analysed the future and it is terribly bright.

A negative and a positive - "terribly bright". Is it bright in a good way(very bright) or a bad way (not bright)
obiero
#287 Posted : Friday, August 02, 2013 7:01:55 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,289
Location: nairobi
Aguytrying wrote:
obiero wrote:
I have my life savings in this counter. I have analysed the future and it is terribly bright. I suggest that wazua members with longterm cash board this counter. A goldrush beckons


your confidence in this counter is unwavering. tell me why you think it'll make you money, tell me what you are seeing.

@aguytryin apologies for delayed response. was busy supervising renovation at my new hotel.. as for KQ, a report this week indicated 6.5million Kenyans are now middleclass and thats where my interest in the share begins. young people nowadays fly for short distances such as Nairobi-Kisumu or even Kisumu-Eldoret! KQ's ambitions in havin over 100 aircraft in next few years is solid. Even Embraer have seen this and are constructin a facility for assembly in Kenya as communicated by Embraer CEO this year. IFC & moreso Embraer cannot be pumping cash into a sinking ship. Analysis has been done. Watch this space
COOP, IMH, KEGN, KQ, MTNU
Aguytrying
#288 Posted : Friday, August 02, 2013 11:55:07 PM
Rank: Elder

Joined: 7/11/2010
Posts: 5,040
@obiero. no worries. that's all nice, I think what this company needs is new management.
a thought crossed my mind, kenya is set to start pumping oil next year. gava owns nearly 30% of kq. oil is one the biggest and most threatening expenditures to profit margins.
if kq could get this fuel at a subsidized price.. or some gava arrangement...ka ching. but bad management a stumbling block
The investor's chief problem - and even his worst enemy - is likely to be himself
mwekez@ji
#289 Posted : Saturday, August 03, 2013 3:25:05 PM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
ProverB wrote:
#KenyaAirways was trading at >Ksh52 when this thread begun. Disregarding share price, it's prudent to note things are more dire now for #KenyaAirways compared to 3 years back.

As an investment..the share is toxic.. As a gamble play for speculators..the share is ripe for fun depending on depth of pocket and how well you understand #MomentumInvesting

..something akin to what Naushad Meralli did with #UchumiLtd smile

Enjoy.


Very interesting. @ProverB, are you in the boat pulling a momentum investing play on this ... i see, @Rich, @Obiero, @murchr @Impunity in the boat
Siringi
#290 Posted : Sunday, August 04, 2013 5:07:13 AM
Rank: Elder

Joined: 6/8/2013
Posts: 2,517
Upto and until top mgt in this firm hold a real stake in the co. And not just salaries iko chida,Shame on you
My Kes. 02 ni wape shares na sio mshahara until things improve as i proposed on this other thread RINK

otherwise Nyai-kuni joins the narrator of Donkeys on Annual Leave at ole Tepesi

Aguytrying wrote:
@obiero. no worries. that's all nice, I think what this company needs is new management.
a thought crossed my mind, kenya is set to start pumping oil next year. gava owns nearly 30% of kq. oil is one the biggest and most threatening expenditures to profit margins.
if kq could get this fuel at a subsidized price.. or some gava arrangement...ka ching. but bad management a stumbling block

"😖😡KQ makes money for everyone except the shareholder 😏😏 " overheard in Wazua
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