Wazua
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Exchange Bar: Results forecast
Rank: Elder Joined: 12/4/2009 Posts: 10,679 Location: NAIROBI
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The Group's PBT has grown by 13% to Kshs. 6.1B in Q1-2015 from Kshs. 5.4B in Q1-2014 Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Chief Joined: 1/3/2007 Posts: 18,097 Location: Nairobi
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obiero wrote:Q1 PBT in KES 'B
KCB 6.5
EQTY 6.2
SCBK 4.4
COOP 3.9
BBK 3.6
DTB 2.76
CFC 2.6
NIC 1.86
NBK 0.5
HFCK 0.35 Prophet Obiero Owuor scores again. If only he stuck to banks not airlines! Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 6/23/2009 Posts: 13,502 Location: nairobi
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asanteni
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Elder Joined: 12/4/2009 Posts: 10,679 Location: NAIROBI
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HFCK Q1 profit before tax at ksh.320.4mn Profit after tax at ksh.221.5mn Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Chief Joined: 1/3/2007 Posts: 18,097 Location: Nairobi
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And Prophet @Obiero Owuor scores again after he gets a pass from HFCK... Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 6/23/2009 Posts: 13,502 Location: nairobi
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VituVingiSana wrote:And Prophet @Obiero Owuor scores again after he gets a pass from HFCK... Q1 PBT in KES 'B KCB 6.5 EQTY 6.2 Actual 6.1 SCBK 4.4 COOP 3.9 Actual 4.5 BBK 3.6 DTB 2.76 CFC 2.6 NIC 1.86 NBK 0.5 HFCK 0.35 Actual 0.32
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Elder Joined: 6/23/2009 Posts: 13,502 Location: nairobi
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obiero wrote:VituVingiSana wrote:And Prophet @Obiero Owuor scores again after he gets a pass from HFCK... Q1 PBT in KES 'B KCB 6.5 Actual 6.2 EQTY 6.2 Actual 6.1 SCBK 4.4 COOP 3.9 Actual 4.5 BBK 3.6 DTB 2.76 CFC 2.6 NIC 1.86 NBK 0.5 HFCK 0.35 Actual 0.32 Coop net profit growth highest in the market this far
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Elder Joined: 6/23/2009 Posts: 13,502 Location: nairobi
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Just woke up.. Was at the exchange bar yesterday where I was told that an impairment loss of KES 5.4B was factored into the first half results to clear out naikuni demons.. ngunze opted to use the same tactic employed by bob collymore in announcing a much reduced profit/loss at onset so as to set ground for take off.. African operations excluding West Africa have all gained by over 15% in revenue with costs being reduced on majority of routes by new craft, esp DRC to which the 787 has been flying at avg 89% cabin load. I recommend a buy. Thank me later
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Chief Joined: 1/3/2007 Posts: 18,097 Location: Nairobi
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obiero wrote:Just woke up.. Was at the exchange bar yesterday where I was told that an impairment loss of KES 5.4B was factored into the first half results to clear out naikuni demons.. ngunze opted to use the same tactic employed by bob collymore in announcing a much reduced profit/loss at onset so as to set ground for take off.. African operations excluding West Africa have all gained by over 15% in revenue with costs being reduced on majority of routes by new craft, esp DRC to which the 787 has been flying at avg 89% cabin load. I recommend a buy. Thank me later Excellent news. The catch for me is that I have very limited capital to allocate. I have to choose between KK, KQ, etc... At this point I would do what Warren Buffett advises. Do not buy into turnarounds i.e. KQ is still turning around while KK has turned around. If I had listened to Buffett, I would have waited to buy into KK after the turnaround. So for 2.5 years [since the 2012 mega-loss] I have held KK which has paid poor dividends (while T-Bonds paid 12%) while 'turning around' and the price has been stagnant. So if I apply this to KQ, I will say KQ is a buy(even a premium) 2 years from now AFTER they have executed. In the intervening 2 years, I would rather buy KK which will pay higher dividends and/or become an acquisition target. Regardless of the potential for acquisition, KK has reduced debt [read Ohana's interview in BD] in 2015 while disposing of unprofitable assets including a clean-up of the books post-Segman. So what Ngunze is did in 2014-15 and will continue in 2015-16, Ohana has done in 2013 and 2014. @Obiero - If Ngunze manages to pilot KQ to greater heights, I may join you in 2017. BTW, I am just using KK as an example but there are many firms that have cut down on debt, consolidated their businesses, etc... and are now growing. Another that comes to mind is Unga which has consistently paid down debt, improved operational earnings, has considerable assets and is now vertically expanding its business lines. Perhaps it may even become an acquisition target based on the recent (attempted) acquisitions of food/nutrition firms by South Africans. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 6/23/2009 Posts: 13,502 Location: nairobi
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Q1 PBT in KES 'B KCB 6.5 Actual 6.2 EQTY 6.2 Actual 6.1 SCBK 4.4 COOP 3.9 Actual 4.5 BBK 3.6 Actual 3.1 DTB 2.76 CFC 2.6 Actual 1.6 NIC 1.86 NBK 0.5 HFCK 0.35 Actual 0.32
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Elder Joined: 6/23/2009 Posts: 13,502 Location: nairobi
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whiteowl wrote:VituVingiSana wrote:obiero wrote:KQ FY 2014, figures in B
Revenue 115.1
Direct costs (81)
Fleet and overhead costs (35.2)
Profit/Loss before tax (6.4) KQ had a 12.5bn Loss Before Tax for 1H 2014-15. Where did the turnaround 'profit' of 6bn in 2H come from?
http://www.businessdaily.../-/f7fxtez/-/index.html
Kenya Airways has reported an after-tax loss of Sh10.5 billion for the half year to September 30 — Sh12.5 billion - before an income tax credit Times are hard, figures have to be cooked. Next year I'm expecting a good profit, cooked or otherwise. sour news people.. KQ loss before tax forecasted by insider gents at the bar to read circa 9.5B.. Im still inside the plane, hoping it wont crash
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Veteran Joined: 9/18/2014 Posts: 1,127
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obiero wrote:whiteowl wrote:VituVingiSana wrote:obiero wrote:KQ FY 2014, figures in B
Revenue 115.1
Direct costs (81)
Fleet and overhead costs (35.2)
Profit/Loss before tax (6.4) KQ had a 12.5bn Loss Before Tax for 1H 2014-15. Where did the turnaround 'profit' of 6bn in 2H come from?
http://www.businessdaily.../-/f7fxtez/-/index.html
Kenya Airways has reported an after-tax loss of Sh10.5 billion for the half year to September 30 — Sh12.5 billion - before an income tax credit Times are hard, figures have to be cooked. Next year I'm expecting a good profit, cooked or otherwise. sour news people.. KQ loss before tax forecasted by insider gents at the bar to read circa 9.5B.. Im still inside the plane, hoping it wont crash Isn't 3b pbt in 2H a tad too optimistic all factors considered especially the hedging bit which could be a wild card. I was thinking more in the range of a 15b loss before tax on fy assuming the sale of land and old fleets are booked in the current year. The main purpose of the stock market is to make fools of as many people as possible.
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Rank: Elder Joined: 6/23/2009 Posts: 13,502 Location: nairobi
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obiero wrote:obiero wrote:VituVingiSana wrote:And Prophet @Obiero Owuor scores again after he gets a pass from HFCK... Q1 PBT in KES 'B KCB 6.5 Actual 6.2 EQTY 6.2 Actual 6.1 SCBK 4.4 Actual 2.5 COOP 3.9 Actual 4.5 BBK 3.6 DTB 2.76 Actual 2.27 CFC 2.6 Actual 1.6 NIC 1.86 NBK 0.5 Actual 0.7 HFCK 0.35 Actual 0.32 Coop net profit growth highest in the market this far
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Elder Joined: 6/23/2009 Posts: 13,502 Location: nairobi
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Q1 PBT in KES 'B KCB 6.5 Actual 6.2 EQTY 6.2 Actual 6.1 SCBK 4.4 Actual 2.5 COOP 3.9 Actual 4.5 BBK 3.6 Actual 3.1 DTB 2.76 Actual 2.27 CFC 2.6 Actual 1.6 NIC 1.86 Actual 1.4 NBK 0.5 Actual 0.7 HFCK 0.35 Actual 0.32
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Member Joined: 12/1/2007 Posts: 539 Location: Nakuru
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Clean B+ save for scb and nic, now give us a sneak peek at H1.... Oh, and while at it, how bad is the FY KQ hit going to be? For investors as a whole, returns decrease as motion increases ~ WB
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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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winmak wrote:Clean B+ save for scb and nic, now give us a sneak peek at H1.... Oh, and while at it, how bad is the FY KQ hit going to be? 13 B possunt quia posse videntur
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Rank: Member Joined: 12/1/2007 Posts: 539 Location: Nakuru
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maka wrote:winmak wrote:Clean B+ save for scb and nic, now give us a sneak peek at H1.... Oh, and while at it, how bad is the FY KQ hit going to be? 13 B Thanks. For investors as a whole, returns decrease as motion increases ~ WB
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Rank: Elder Joined: 6/23/2009 Posts: 13,502 Location: nairobi
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winmak wrote:maka wrote:winmak wrote:Clean B+ save for scb and nic, now give us a sneak peek at H1.... Oh, and while at it, how bad is the FY KQ hit going to be? 13 B Thanks. 9.5B loss.. Anything more than that either by default or design, and the share shall touch KES 2
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Veteran Joined: 11/15/2013 Posts: 1,977 Location: Here
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obiero wrote:winmak wrote:maka wrote:winmak wrote:Clean B+ save for scb and nic, now give us a sneak peek at H1.... Oh, and while at it, how bad is the FY KQ hit going to be? 13 B Thanks. 9.5B loss.. Anything more than that either by default or design, and the share shall touch KES 2  Reality check! 2/- So i may say You fly on Obieroways land and go home to GuruAfrika and you're served HamainaSugar tea! Everybody STEALS, a THIEF is one who's CAUGHT stealing something of LITTLE VALUE. !!!
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Rank: Chief Joined: 1/3/2007 Posts: 18,097 Location: Nairobi
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obiero wrote:winmak wrote:maka wrote:winmak wrote:Clean B+ save for scb and nic, now give us a sneak peek at H1.... Oh, and while at it, how bad is the FY KQ hit going to be? 13 B Thanks. 9.5B loss.. Anything more than that either by default or design, and the share shall touch KES 2 KQ had a 12.5bn Loss Before Tax for 1H 2014-15. Where did the turnaround 'profit' of 3bn in 2H come from?@Obiero says the loss is 9.5bn which means KQ has to make 3bn in 2H PBT from 12.5bn it lost in 1H. Let's assume @obiero meant 9.5bn Loss After Tax. Then KQ still needs a 1bn PAT in 2H to hit that number. Furthermore, if the 'profit' is from Asset Sales not Operations then the picture just gets murkier! http://www.businessdaily.../-/f7fxtez/-/index.html Kenya Airways has reported an after-tax loss of Sh10.5 billion for the half year to September 30 — Sh12.5 billion - before an income tax credit Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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