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Kenya Airways...why ignore..
Rank: Veteran Joined: 8/28/2015 Posts: 1,247
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VituVingiSana wrote:@Obiero -
Qantas said its cost-cutting program [Has KQ gone through a serious cost-cutting program? I was told corruption is king at KQ. Unconfirmed but apparently it starts from the CFO] had helped save Aus$894 million over the year and allowed it to reduce its debt [Has debt reduced at KQ or increased? New 787s, Afreximbank loans, GoK loans, pensions, etc]. Lower fuel prices [hedges will wipe out 30-50% of the benefits] also helped the bottom line with every segment making healthy profits.
No dividend was declared but the airline announced a one-off 23 cents per share capital return to shareholders, amounting to Aus$505 million.
The return to profit appeared to vindicate Joyce's strategy to cut Aus$2.0 billion in costs, cut routes, freeze growth at Asian offshoot Jetstar, and get rid of 5,000 jobs [Can KQ cut jobs? Has it cut jobs? It has cut routes but it was forced to cut many that were profitable] to help counter a price war with domestic rival Virgin Australia. A fact does not change with volumes of info that goes into it but let me keep it straight, at kq its a tall order. Mgt recycling is so ripe, mpigs r calling shots with VATS on Capex, dmn politics N Mcksy deals, all-shababs are running live targets parades n not missing, currently upping their think tanks thanks to our creative fresh uni nerds, ebola is not global its in Africa(PRIDE OF AFRICA) and a mzungu tourist would rather see it in museum than face the monkey desease. At kq, mcksy must c how to kickstart the mgt since its full of inertia and has no idea that cloud nine is bussy recruiting its customers. Econ is taking it on the cheek profusely. Employees reinstated pap. Klm n KAA are here to stay Oh yes, I almost forgot, project mawangu pilot left the driving seat n the copilot promoted asap. Jambojet would not mind a pie of the cake. Fuel hedges are a icing on the cake, When will this kq make me the Money?  ,Behold, a sower went forth to sow;....
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Rank: Elder Joined: 12/25/2014 Posts: 2,301 Location: kenya
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muandiwambeu wrote:VituVingiSana wrote:@Obiero -
Qantas said its cost-cutting program [Has KQ gone through a serious cost-cutting program? I was told corruption is king at KQ. Unconfirmed but apparently it starts from the CFO] had helped save Aus$894 million over the year and allowed it to reduce its debt [Has debt reduced at KQ or increased? New 787s, Afreximbank loans, GoK loans, pensions, etc]. Lower fuel prices [hedges will wipe out 30-50% of the benefits] also helped the bottom line with every segment making healthy profits.
No dividend was declared but the airline announced a one-off 23 cents per share capital return to shareholders, amounting to Aus$505 million.
The return to profit appeared to vindicate Joyce's strategy to cut Aus$2.0 billion in costs, cut routes, freeze growth at Asian offshoot Jetstar, and get rid of 5,000 jobs [Can KQ cut jobs? Has it cut jobs? It has cut routes but it was forced to cut many that were profitable] to help counter a price war with domestic rival Virgin Australia. A fact does not change with volumes of info that goes into it but let me keep it straight, at kq its a tall order. Mgt recycling is so ripe, mpigs r calling shots with VATS on Capex, dmn politics N Mcksy deals, all-shababs are running live targets parades n not missing, currently upping their think tanks thanks to our creative fresh uni nerds, ebola is not global its in Africa(PRIDE OF AFRICA) and a mzungu tourist would rather see it in museum than face the monkey desease. At kq, mcksy must c how to kickstart the mgt since its full of inertia and has no idea that cloud nine is bussy recruiting its customers. Econ is taking it on the cheek profusely. Employees reinstated pap. Klm n KAA are here to stay Oh yes, I almost forgot, project mawangu pilot left the driving seat n the copilot promoted asap. Jambojet would not mind a pie of the cake. Fuel hedges are a icing on the cake, When will this kq make me the Money? So many parables that I pull my hair off but I get it. I think McKinsey should the the BOM of this company otherwise recycling same monkeys on the same forest wouldn't help .
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Rank: Member Joined: 1/3/2014 Posts: 257
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obiero wrote:muandiwambeu wrote:@ sniper I practically disagree with you on ur loosing Money mantra. If the word loose means separating, then a wise investor should loose Money for a worthy investment venture. The problem lies within the unsaid word inside the suckhole statement. Otherwise rewriting the same, I may say, never loose your worthy Money for an (unworthy) investment idea. The venture turns back chums or inakonda with your cents. So when u find Peso yako ikitolewa ssackerz that is tym u know ur inside slaughter house, with the bear and the bull and the cards drawn. @muandiwambeu must be a lawyer.. sijaelewa chenye ameandika but it sounds convincing It took a while but I finally figured what @muandiwambeu meant. I agree with the premise of investing in a worthwhile investment which brings returns. That is what @sparkly also meant when he talked of losing money. Oh and by the way, it was actually @sparkly's post not mine see post 2490 link.
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Rank: Elder Joined: 6/23/2009 Posts: 13,782 Location: nairobi
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9days to go
COOP 255,000 ABP 15.85; IMH 5,000 ABP 35.55; KQ 604,200 ABP 6.96; MTN 23,800 ABP 5.20
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Rank: Chief Joined: 1/3/2007 Posts: 18,223 Location: Nairobi
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While KQ expects to announce ANOTHER loss, RyanAir is making money in spades http://www.newstalk.com/...its-ready-for-a-fare-warGreedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Veteran Joined: 8/28/2015 Posts: 1,247
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snipermnoma wrote:obiero wrote:muandiwambeu wrote:@ sniper I practically disagree with you on ur loosing Money mantra. If the word loose means separating, then a wise investor should loose Money for a worthy investment venture. The problem lies within the unsaid word inside the suckhole statement. Otherwise rewriting the same, I may say, never loose your worthy Money for an (unworthy) investment idea. The venture turns back chums or inakonda with your cents. So when u find Peso yako ikitolewa ssackerz that is tym u know ur inside slaughter house, with the bear and the bull and the cards drawn. @muandiwambeu must be a lawyer.. sijaelewa chenye ameandika but it sounds convincing It took a while but I finally figured what @muandiwambeu meant. I agree with the premise of investing in a worthwhile investment which brings returns. That is what @sparkly also meant when he talked of losing money. Oh and by the way, it was actually @sparkly's post not mine see post 2490 link. @sniper I roger that. Further to value investing n loss control, what would be the net asset value for kq if @obieros 7.xy figure materialise. Will the bear quote at a discount or bulls will take hope at a premium? Things are intricate here. ,Behold, a sower went forth to sow;....
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Rank: Veteran Joined: 4/16/2014 Posts: 1,420 Location: Bohemian Grove
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[quote=VituVingiSana]While KQ expects to announce ANOTHER loss, RyanAir is making money in spades http://www.newstalk.com/...ts-ready-for-a-fare-war[/quote] Unhedged fuel prices are a plus as the oil bear continues. How much longer before KQ hedges expire?
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Rank: Chief Joined: 1/3/2007 Posts: 18,223 Location: Nairobi
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muandiwambeu wrote:snipermnoma wrote:obiero wrote:muandiwambeu wrote:@ sniper I practically disagree with you on ur loosing Money mantra. If the word loose means separating, then a wise investor should loose Money for a worthy investment venture. The problem lies within the unsaid word inside the suckhole statement. Otherwise rewriting the same, I may say, never loose your worthy Money for an (unworthy) investment idea. The venture turns back chums or inakonda with your cents. So when u find Peso yako ikitolewa ssackerz that is tym u know ur inside slaughter house, with the bear and the bull and the cards drawn. @muandiwambeu must be a lawyer.. sijaelewa chenye ameandika but it sounds convincing It took a while but I finally figured what @muandiwambeu meant. I agree with the premise of investing in a worthwhile investment which brings returns. That is what @sparkly also meant when he talked of losing money. Oh and by the way, it was actually @sparkly's post not mine see post 2490 link. @sniper I roger that. Further to value investing n loss control, what would be the net asset value for kq if @obieros 7.xy figure materialise. Will the bear quote at a discount or bulls will take hope at a premium? Things are intricate here. The NAV/share is NEGATIVE as of 31 Mar 2015. Another loss will push the NAV/share further into NEGATIVE territory. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Chief Joined: 1/3/2007 Posts: 18,223 Location: Nairobi
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The hedges run upto Sep 2016 if I recall. They spread the hedges over the time-frame i.e. rolling hedges. IMHO, KQ is going to continue losing money on its hedges in place on 31 Mar 2015. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Veteran Joined: 8/28/2015 Posts: 1,247
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The results which were higher than even the most buoyant market expectations follow what Ryanair calls “a very rare confluence of favourable events” including stronger sterling, poor summer weather conditions in Northern Europe and further savings on unhedged fuel prices, end quote, Preposterous kq quote,the multibilion loss was as a very rare confluence of unfavoured favourable events,,,,, Ouch. Everything was hedged to the edge. The The date of expirely may even have been doubled. ,Behold, a sower went forth to sow;....
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Rank: Elder Joined: 3/2/2009 Posts: 26,330 Location: Masada
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VituVingiSana wrote: The hedges run upto Sep 2016 if I recall. They spread the hedges over the time-frame i.e. rolling hedges. IMHO, KQ is going to continue losing money on its hedges in place on 31 Mar 2015.  Doomed!!! Rolling Hedges Defined!Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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Rank: Veteran Joined: 4/16/2014 Posts: 1,420 Location: Bohemian Grove
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In that case future losses are guaranteed.
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Rank: Elder Joined: 3/2/2009 Posts: 26,330 Location: Masada
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whiteowl wrote:In that case future losses are guaranteed. And well protected. The losses are a take already, nothing you can do about it, while @George Soros is sipping his fine champagne and smoking cigar in the virgin beaches of the Guyana. Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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Impunity wrote:whiteowl wrote:In that case future losses are guaranteed. And well protected. The losses are a take already, nothing you can do about it, while @George Soros is sipping his fine champagne and smoking cigar in the virgin beaches of the Guyana.  4%
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Rank: Member Joined: 1/3/2014 Posts: 257
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VituVingiSana wrote:muandiwambeu wrote:snipermnoma wrote:obiero wrote:muandiwambeu wrote:@ sniper I practically disagree with you on ur loosing Money mantra. If the word loose means separating, then a wise investor should loose Money for a worthy investment venture. The problem lies within the unsaid word inside the suckhole statement. Otherwise rewriting the same, I may say, never loose your worthy Money for an (unworthy) investment idea. The venture turns back chums or inakonda with your cents. So when u find Peso yako ikitolewa ssackerz that is tym u know ur inside slaughter house, with the bear and the bull and the cards drawn. @muandiwambeu must be a lawyer.. sijaelewa chenye ameandika but it sounds convincing It took a while but I finally figured what @muandiwambeu meant. I agree with the premise of investing in a worthwhile investment which brings returns. That is what @sparkly also meant when he talked of losing money. Oh and by the way, it was actually @sparkly's post not mine see post 2490 link. @sniper I roger that. Further to value investing n loss control, what would be the net asset value for kq if @obieros 7.xy figure materialise. Will the bear quote at a discount or bulls will take hope at a premium? Things are intricate here. The NAV/share is NEGATIVE as of 31 Mar 2015. Another loss will push the NAV/share further into NEGATIVE territory. This are very thick for KQ and will continue to be thick even after the results.
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Rank: Elder Joined: 6/23/2009 Posts: 13,782 Location: nairobi
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snipermnoma wrote:VituVingiSana wrote:muandiwambeu wrote:snipermnoma wrote:obiero wrote:muandiwambeu wrote:@ sniper I practically disagree with you on ur loosing Money mantra. If the word loose means separating, then a wise investor should loose Money for a worthy investment venture. The problem lies within the unsaid word inside the suckhole statement. Otherwise rewriting the same, I may say, never loose your worthy Money for an (unworthy) investment idea. The venture turns back chums or inakonda with your cents. So when u find Peso yako ikitolewa ssackerz that is tym u know ur inside slaughter house, with the bear and the bull and the cards drawn. @muandiwambeu must be a lawyer.. sijaelewa chenye ameandika but it sounds convincing It took a while but I finally figured what @muandiwambeu meant. I agree with the premise of investing in a worthwhile investment which brings returns. That is what @sparkly also meant when he talked of losing money. Oh and by the way, it was actually @sparkly's post not mine see post 2490 link. @sniper I roger that. Further to value investing n loss control, what would be the net asset value for kq if @obieros 7.xy figure materialise. Will the bear quote at a discount or bulls will take hope at a premium? Things are intricate here. The NAV/share is NEGATIVE as of 31 Mar 2015. Another loss will push the NAV/share further into NEGATIVE territory. This are very thick for KQ and will continue to be thick even after the results. @sniper. To avoid voodoo investing. That statement of yours may need an explanation. The way I see it its only up from here.. Even a vastly improved loss (sic) will warrant a mini rally.. The only thing that cannot and will not happen is for the airline to report a loss before tax more than last years KES 12.49B
COOP 255,000 ABP 15.85; IMH 5,000 ABP 35.55; KQ 604,200 ABP 6.96; MTN 23,800 ABP 5.20
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Rank: Elder Joined: 9/20/2015 Posts: 2,811 Location: Mombasa
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If the loss is greater than last has to be reported unless books get doctored to trigger a rally to enable insider guys exit... John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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Rank: Elder Joined: 9/20/2015 Posts: 2,811 Location: Mombasa
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Imagine exiting at a premium smiling all the way to the bank through dubious machinery John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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Rank: Elder Joined: 6/23/2009 Posts: 13,782 Location: nairobi
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Spikes wrote:Imagine exiting at a premium smiling all the way to the bank through dubious machinery That is Kenya. Ask HAFR investors..
COOP 255,000 ABP 15.85; IMH 5,000 ABP 35.55; KQ 604,200 ABP 6.96; MTN 23,800 ABP 5.20
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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@Obiero, alumni! KQ has attracted a lot of those Andy Gray says 'couldn't hit a barn door with a machine gun'.
I expect conversation around cause and effect of fleet transactions; The sale of the 767 & 737-300s. The 2 new 737-8NGs. What happened to the 3 E-170s. What will happen to the 3 777-300s now that the last 2 787-8s are here.
Messrs McKinsey we go back since KCB & KGN and my greatest admiration is their high score on cost containment. The rest are extras.
Let's see.
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