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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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Confirmed!! obiero wrote:160,900 KQ sold out at KES 4.50; take home KES 708,845.. Viewing of the leaked actual financials late last night, triggered my thought pattern. one of my ladies in an established media house had filled me in.. was at the trading floor way beyond opening hour. I had to blind side a few investors and I apologise for ratting out but capital preservation preceeds integrity. However, I remain interested in the share and will likely reinvest on lower entry point 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:Confirmed!! obiero wrote:160,900 KQ sold out at KES 4.50; take home KES 708,845.. Viewing of the leaked actual financials late last night, triggered my thought pattern. one of my ladies in an established media house had filled me in.. was at the trading floor way beyond opening hour. I had to blind side a few investors and I apologise for ratting out but capital preservation preceeds integrity. However, I remain interested in the share and will likely reinvest on lower entry point I hope he has done as promised and thus wired to @VVS's Post bank account, the sum of kes. 100,000, payment being in favor of the bet they entered a few days ago.  Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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Rank: Chief Joined: 1/3/2007 Posts: 18,349 Location: Nairobi
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Impunity wrote:Pesa Nane wrote:Confirmed!! obiero wrote:160,900 KQ sold out at KES 4.50; take home KES 708,845.. Viewing of the leaked actual financials late last night, triggered my thought pattern. one of my ladies in an established media house had filled me in.. was at the trading floor way beyond opening hour. I had to blind side a few investors and I apologise for ratting out but capital preservation preceeds integrity. However, I remain interested in the share and will likely reinvest on lower entry point I hope he has done as promised and thus wired to @VVS's Post bank account, the sum of kes. 100,000, payment being in favor of the bet they entered a few days ago. Dear @Obiero, how do I get in touch with you re: 100k to be donated to my charity of choice. Asante. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Veteran Joined: 4/4/2016 Posts: 2,016 Location: Kitale
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Pesa Nane wrote:Confirmed!! obiero wrote:160,900 KQ sold out at KES 4.50; take home KES 708,845.. Viewing of the leaked actual financials late last night, triggered my thought pattern. one of my ladies in an established media house had filled me in.. was at the trading floor way beyond opening hour. I had to blind side a few investors and I apologise for ratting out but capital preservation preceeds integrity. However, I remain interested in the share and will likely reinvest on lower entry point what was your average buying price? Towards the goal of financial freedom
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Rank: Elder Joined: 9/20/2015 Posts: 2,811 Location: Mombasa
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VituVingiSana wrote:Impunity wrote:Pesa Nane wrote:Confirmed!! obiero wrote:160,900 KQ sold out at KES 4.50; take home KES 708,845.. Viewing of the leaked actual financials late last night, triggered my thought pattern. one of my ladies in an established media house had filled me in.. was at the trading floor way beyond opening hour. I had to blind side a few investors and I apologise for ratting out but capital preservation preceeds integrity. However, I remain interested in the share and will likely reinvest on lower entry point I hope he has done as promised and thus wired to @VVS's Post bank account, the sum of kes. 100,000, payment being in favor of the bet they entered a few days ago. Dear @Obiero, how do I get in touch with you re: 100k to be donated to my charity of choice. Asante. Brother @obiero is a staunch christian and going by church doctrines I don't think he participates in anything resembling SportPesa, Mcheza except gambling in KQ. John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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Rank: Veteran Joined: 9/18/2014 Posts: 1,127
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hisah wrote:lochaz-index wrote:hisah wrote:Hedged fuel contracts turned positive  Hedged exchange losses increase 38% How can the hedged fuel contracts be positive? Anyone with the breakdown of this other costs? That's a huge spike! Meanwhile the level to watch is 3.70. Price is slipping towards the 4.00 handle. Somehow the sellers are not spooked by this results based on the traded volume. Has the counter run out of sellers? Very puzzling on the hedged fuel contracts. They still booked a loss on the derivatives albeit a decreasing one. Unless they took out new contracts(for example a collar)on additional fuel needs to cancel the losses on the old fixed hedges it doesn't make sense since outright canceling the old contracts and seeking new ones comes with heavy penalties which would have shown up here. Looking at the consolidated income statement line by line reveals a very sad affair at KQ. There is still a lot of work to be done if this stock is to get back to investment grade. Save for the approximately 9b saving in direct costs(Mckinsey's trick)the rest of the deductible line items are either flat/flattish or increasing. Finance costs also spiked by some considerable margin(this one if not well managed will sink this company beyond redemption). They have probably exhausted their tax credits at this point too. On the other costs item, the only thing that comes to mind is the consultancy costs that is; Mckinsey,Seabury,PJT and crew... In my opinion, this company will not be making a PAT for the next two financial years at the very minimum. More taxpayers money will be sunk into it year on year without a clear strategy of a turn-around. Finance costs
That's a huge gamble on their huge debt being heavily denominated in USD.
Current affairs in the global market indicates being stuck with USD debt is a dangerous game as it readies to gain more strength due to brexit fallout! Plenty of forex losses next year will likely be reported again.
My word! 98%? OMG. Just when you think you've seen the worst these KQ chaps pull out the joker card. If there are any strategic investors lined up for this one...good luck to them. The main purpose of the stock market is to make fools of as many people as possible.
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Rank: Member Joined: 2/8/2007 Posts: 808
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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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My question again why does the effin MD have an effin job?...Why?He earns a lot of chumz the f***er should just resign... possunt quia posse videntur
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Rank: Member Joined: 2/16/2012 Posts: 808
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Is there an ongoing effort to deal with the issues raised in here: http://www.standardmedia...k-deal-with-klm?pageNo=1They tried to bury us, they didn't know we were seeds.
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KQ FY 2016 operating loss down to 4bn; net loss record (26.2bn)
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