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KQ FY 2016 operating loss down to 4bn; net loss record (26.2bn)
Rank: Elder Joined: 5/25/2012 Posts: 4,105 Location: 08c
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Ebenyo wrote:
Revenue kshs 116 bilion vs kshs 110 bilion.Increase of only kshs 6 bilion.Kwani with all the assets sale,that was the only amount they got? heathrow slot was more than 3 bilion,fleet sales was more than 6 bilion.Revenue alone should have been 200 bilion
Excerpts Quote:Other revenues increased by Kshs. 2.5 billion which included the proceeds from sale of slots in London. Pesa Nane plans to be shilingi when he grows up.
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Rank: Elder Joined: 7/21/2010 Posts: 6,194 Location: nairobi
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Ericsson wrote:Obiero aliuza shares jana when KQ touched a high of 4.80 yesterday and he made his profit lie of the season,as long as nobody was jailed or auctioned we will repeat the mis-management "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Elder Joined: 5/25/2012 Posts: 4,105 Location: 08c
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Ebenyo wrote: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? Their operating costs are higher than revenue. Excerpts... Quote:AUDITORS' REPORT
The company's auditors, KPMG have issued an unqualified audit opinion with an emphasis of matter drawing attention to the loss of Kshs 26 billion for the year (2015- Ksh 26 billion) and the fact that the company's total liabilities exceeded its total assets as at 31 March 2016. This is similar to the audit opinion issued for 2015 financial statements.  Pesa Nane plans to be shilingi when he grows up.
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Rank: Elder Joined: 7/21/2010 Posts: 6,194 Location: nairobi
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Pesa Nane wrote:Ebenyo wrote: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? Their operating costs are higher than revenue. Excerpts... Quote:AUDITORS' REPORT
The company's auditors, KPMG have issued an unqualified audit opinion with an emphasis of matter drawing attention to the loss of Kshs 26 billion for the year (2015- Ksh 26 billion) and the fact that the company's total liabilities exceeded its total assets as at 31 March 2016. This is similar to the audit opinion issued for 2015 financial statements. insolvent ok,you have sold assets, the dollar is unpredictable,the dollar behavior can crush kq in a month , let's go "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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MaichBlack wrote:@Obiero should be placed on suicide watch!!!
Anyone who knows where to physically get him??? He will show up after a couple of days and say that he has averaged down to a profit. Life is short. Live passionately.
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Rank: Elder Joined: 7/21/2010 Posts: 6,194 Location: nairobi
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Guest (14), kryptonite , mlennyma , muandiwambeu , ngapat, Noname investor, obiero "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Elder Joined: 7/21/2010 Posts: 6,194 Location: nairobi
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mlennyma wrote:Guest (14), kryptonite , mlennyma , muandiwambeu , ngapat, Noname investor, obiero No.6 too scared to speak "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Elder Joined: 5/25/2012 Posts: 4,105 Location: 08c
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sparkly wrote:MaichBlack wrote:@Obiero should be placed on suicide watch!!!
Anyone who knows where to physically get him??? He will show up after a couple of days and say that he has averaged down to a profit.  You guys under estimate @obiero. Obiero sold out See his last post  Ericsson wrote:Obiero aliuza shares jana when KQ touched a high of 4.80 yesterday and he made his profit Pesa Nane plans to be shilingi when he grows up.
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Rank: Elder Joined: 3/2/2009 Posts: 26,331 Location: Masada
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Pesa Nane wrote:sparkly wrote:MaichBlack wrote:@Obiero should be placed on suicide watch!!!
Anyone who knows where to physically get him??? He will show up after a couple of days and say that he has averaged down to a profit. You guys under estimate @obiero. Obiero sold out See his last post Ericsson wrote:Obiero aliuza shares jana when KQ touched a high of 4.80 yesterday and he made his profit He sold today at 9am, solt at 4.35, while he bought them at as high as 5.20...pole, awori poole. Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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Rank: Member Joined: 1/31/2007 Posts: 304
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lochaz-index wrote:sparkly wrote:KQ investors misled by these two common psychological traps (Hello @Obiero) Source: Investopedia Quote:
DEFINITION of 'Superiority Trap'
A psychological or behavioral trap that leads people to believe that they have superior skill in some areas. The superiority trap can be a dangerous delusion in the stock market, since investors who believe their investment prowess is superior to that of others may end up losing a lot of money. One way of avoiding this trap is through retaining a sense of humility, rather than hubris. An oft-cited example of the superiority trap is the fact that the overwhelming majority of people think they are above-average drivers, which is a contradiction in itself.
DEFINITION of 'Sunk Cost Trap'
The tendency of people to irrationally follow through on an activity that is not meeting their expectations because of the time and/or money they have already spent on it. The sunk cost trap explains why people finish movies they aren’t enjoying, finish meals that taste bad, hold on to investments that are underperforming and keep clothes in their closet that they’ve never worn. The sunk cost trap is also called the Concorde fallacy after the failed supersonic Concorde jet program that funding governments insisted on completing despite the jet’s poor outlook.
Individuals, businesses and governments fall into the sunk cost trap when they base their decisions on past behavior and a desire to not waste the time or money they have already spent, instead of cutting their losses and making the decision that would give them the best outcome going forward. People are reluctant to admit, even to themselves, that they have wasted resources on a past decision. Changing directions is viewed, perhaps only subconsciously, as admitting failure. As a result, people tend to stay the course or even invest additional resources in a bad decision in a futile attempt to make their initial decision seem worthwhile.
If you look on the bright side, there are definitely numerous teachable lessons from KQ and @obiero; -never fall in love with a stock. -hope is not an investing/trading strategy. -never catch a falling knife. -fool me once(earlier losses)shame on you,fool me twice(last year's loss)shame on me, fool me thrice(this year's loss)..... My sentiments exactly you beat me in voicing them.. Sometimes the hardest thing to accept is that one made a mistake. This one quality differentiates an investor from a gambler.
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KQ FY 2016 operating loss down to 4bn; net loss record (26.2bn)
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