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KQ FY 2016 operating loss down to 4bn; net loss record (26.2bn)
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Impunity
#21 Posted : Thursday, July 21, 2016 9:58:29 AM
Rank: Elder

Joined: 3/2/2009
Posts: 26,331
Location: Masada
New KQ.
Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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Impunity
#22 Posted : Thursday, July 21, 2016 10:01:26 AM
Rank: Elder

Joined: 3/2/2009
Posts: 26,331
Location: Masada
ArrestedDev wrote:
Impunity wrote:
Is this 26B Net loss or Gross loss?
I feel the press is misquoting ndugu @obiero.


He was forecasting at a reduced loss of 11 billion? What a shock?? KQ is a dead meat. Total overhaul of the management required. There is no way KQ will repay the current debt.


Hii ata haitaki serikali kuingia kati aka kuweka kishwa tu, hii lazima serikali iiingie yote ndani.
Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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Fyatu
#23 Posted : Thursday, July 21, 2016 10:04:17 AM
Rank: Veteran

Joined: 1/20/2011
Posts: 1,820
Location: Nakuru
In plain(wanjiku) language, can the fundies tell wazuans how KQ makes these phenomenon losses.

1. Is it that people are not flying?
2. Is it that they have excess employees who are paid lots of money?
3. Is it that Jet A-1 is very expensive?
4. Is it they are paying more parking fess at the destinations they land/operate?
5. Is it the interest charged on previous loans?

What is the issue with KQ in leihman language?
Dumb money becomes dumb only when it listens to smart money
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muandiwambeu
#24 Posted : Thursday, July 21, 2016 10:10:05 AM
Rank: Veteran

Joined: 8/28/2015
Posts: 1,247
pittance.
,Behold, a sower went forth to sow;....
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littledove
#25 Posted : Thursday, July 21, 2016 10:12:02 AM
Rank: Veteran

Joined: 7/1/2014
Posts: 927
Location: sky
Impunity wrote:
ArrestedDev wrote:
Impunity wrote:
Is this 26B Net loss or Gross loss?
I feel the press is misquoting ndugu @obiero.


He was forecasting at a reduced loss of 11 billion? What a shock?? KQ is a dead meat. Total overhaul of the management required. There is no way KQ will repay the current debt.


Hii ata haitaki serikali kuingia kati aka kuweka kishwa tu, hii lazima serikali iiingie yote ndani.

they mean sale of assets had no impact at all?
There are only two emotions in the stock market, fear and hope. The problem is, you hope when you should fear and fear when you should hope
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maka
#26 Posted : Thursday, July 21, 2016 10:13:45 AM
Rank: Elder

Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
littledove wrote:
Impunity wrote:
ArrestedDev wrote:
Impunity wrote:
Is this 26B Net loss or Gross loss?
I feel the press is misquoting ndugu @obiero.


He was forecasting at a reduced loss of 11 billion? What a shock?? KQ is a dead meat. Total overhaul of the management required. There is no way KQ will repay the current debt.


Hii ata haitaki serikali kuingia kati aka kuweka kishwa tu, hii lazima serikali iiingie yote ndani.

they mean sale of assets had no impact at all?



It is important to note that excluding one-off impacts related to asset sales, compensation for late delivery of new aircraft, write-offs, impairments and provisions, the group broke-even at operating loss level, an improvement of Kshs 11,139 million while loss before tax improved by Kshs 2,513 million.
possunt quia posse videntur
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maka
#27 Posted : Thursday, July 21, 2016 10:15:59 AM
Rank: Elder

Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
Fyatu wrote:
In plain(wanjiku) language, can the fundies tell wazuans how KQ makes these phenomenon losses.

1. Is it that people are not flying?
2. Is it that they have excess employees who are paid lots of money?
3. Is it that Jet A-1 is very expensive?
4. Is it they are paying more parking fess at the destinations they land/operate?
5. Is it the interest charged on previous loans?

What is the issue with KQ in leihman language?


It's being run by a clueless guy who is bothered by such minor things like Koffi Olomide was not met and throws tantrums about it...I don't why the bugger cannot resign.
possunt quia posse videntur
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  | | Edit by user: Thursday, July 21, 2016 10:19 AM | Reason: Not specified
Spikes
#28 Posted : Thursday, July 21, 2016 10:16:06 AM
Rank: Elder

Joined: 9/20/2015
Posts: 2,811
Location: Mombasa
Impunity wrote:
Is this 26B Net loss or Gross loss?
I feel the press is misquoting ndugu @obiero.




Suppose assets were not sold imagine how wider the loss would have been!


I am now forced to revise my target entry price of 2/- bob downwards to 50 cents coz the loss territory still remains in the next couple of years.
John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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harrydre
#29 Posted : Thursday, July 21, 2016 10:17:46 AM
Rank: Elder

Joined: 7/10/2008
Posts: 9,131
Location: Kanjo
Impunity wrote:
Is this 26B Net loss or Gross loss?
I feel the press is misquoting ndugu @obiero.



Kirubi mislead him. Pole @obiero.
i.am.back!!!!
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Spikes
#30 Posted : Thursday, July 21, 2016 10:22:09 AM
Rank: Elder

Joined: 9/20/2015
Posts: 2,811
Location: Mombasa
harrydre wrote:
Impunity wrote:
Is this 26B Net loss or Gross loss?
I feel the press is misquoting ndugu @obiero.



Kirubi mislead him. Pole @obiero.




How can you start investing calculating your risk based on heavyweights, people not of your class? Even if CK DJ loses everything in KQ life goes on with him. I pity poor @obiero!!!
John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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