@pierce @2012
And it is a 1-time boost for ScanGroup... that is all... Otherwise I like ScanGroup just not at 28

KQ will benefit from WC2010 but it is the long-term growth that excites me if they can get more planes!

I believe scangroup will announce some pretty decent results in April which I believe will factor in the 28/-. But the world cup, the increase in advertising budgets by companies and their new acquisitions will make it very interesting.

@ VVS and any other wazuarian (I hate that name!) in the know, how high is this KQ baby likely to go factoring in fundamentals, speculative + emotional tendencies etc. etc. I got me a bundle at Kshs. 24 and I think I should cash in some time soon. Paper gains don't pay bills - if you know what I mean. A couple of weeks ago I was cursing not exiting at Kshs. 55 but today at Kshs. 64.5 I don't know if I should exit or hold on. Who knows where we are headed? 168% return is not bad at all but it's not as juicy at 268%!!! Ha ha ha. Greed is good - if you understand it and can control it somewhat.

My friend, never hold airline stock in Africa especially after you've made your money. Si kwa ubaya but it only takes one event (you know what I'm talking about) and you could see it plummet to below what you bought at. My advice, SELL NOW!

You answered your own question. The NAV was 43 on 30 Sep 2009) but the 2H will add much more as oil prices have risen so have the 'value' on their hedges vs 30 Sep 2009.

I am holding my stake for higher prices coz:

- I see strong foreign interest (25-75% net buying daily). They tend to be less speculative vs retail or local institutions.
- I see a bonus or split (since they did not do it earlier & shareholders want one)
- I see a dividend back to 1.75 (or more)
- I see few other alternates with low P/E or P/B that are well run.
- BA strike means the competitive but busy (& crucial) London routes will be more profitable in a slow January/February
- Consolidate the Africa business (5 new routes in the past 12 months)
- China business picking up (China-NBO-Africa)
- WC2010 will give KQ a temporary boost. Remember we are talking China-UK-Holland all using NBO as a transit point to S.Africa.