VituVingiSana wrote:hisah wrote:maka wrote:In one post @Hisah talked about hedging and he said...
If those hedges were set $90 oil, KQ is sitting in deep red losses! Only when oil price is above that level does it translate to gains for them. I'm not sure if the hedging contracts are still in place. @vvs @obiero are these contracts still live?
KK did well to abandon them after that spectacular hedging loss. Derivatives are not wanjikus child play. Many financial firms are known to play against their clients in these derivative deals!
The CFO of KQ boasted that (overall) KQ has made money from hedges... Why don't I believe him?
Just a few weeks ago, I discouraged the firm from hedging and Ngunze appeared to concur.. Dint go back to my guy in accounts to find out if he cut back on any further positions that had been planned for hedging.. But seriously Naikuni wasnt a real manager
COOP, IMH, KEGN, KQ, MTNU