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Kenya Airways...why ignore..
obiero
#5061 Posted : Saturday, July 23, 2016 5:06:51 PM
Rank: Elder


Joined: 6/23/2009
Posts: 13,711
Location: nairobi
iris wrote:
VituVingiSana wrote:
obiero wrote:
VituVingiSana wrote:
MaichBlack wrote:
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

@Obiero - On Wednesday, you stated that come what may, you cannot accept anything below 12/= on your KQ shares. Next morning you are selling at 4.50/=

You really need to reevaluate your source of "inside information".

Link: @Obiero not accepting anything below Kshs. 12/= on KQ shares - see post #4917


I have tried to expose this conman and his ways. If there are still some who believe him... Washindwe.

But why does your mother trust me with extreme sensitive areas. I am a noble man
Shame on you Shame on you Shame on you The ad hominem attacks. For all the insults that @Obiero can throw at me... I am glad he has been exposed as a conniving charlatan. Integrity. This remains key. For anyone who uses "winda" beware of the conman who will screw you over. Enough said.


And not even the person he is at odds with but his mother. Most African vernaculars included addressing our peers' mothers as our own mothers. But @vvs, pat yourself on the back for avoiding a pissing match of such quality. While most men look at mothers of peers with some level of respect, "deadly" Obiero wants to sleep with them. And I fail to see the cause of retaliation -- Obiero announced here on the forum that he is a conman and even those of us who were inclined to think he was just misguided sometimes, now know that he may or may not be misguided, but he is definitely a conman.
So, is that much talked about "spirit of Wazua" that I have come across often since I joined just an ideal like world peace?

@iris lol.. I love your writing. very interesting but shallow. everyone trades for a profit, so incase I get to know that I can take a cut off your ignorance, I will do exactly that.. This is a stock exchange where profit surpasses friendship/comradeship. I took a move to sell that related to my hard earned cash. If that makes me a con, so be it..

COOP 255,000 ABP 15.85; KQ 544,100 ABP 7.15; MTN 23,800 ABP 5.20
obiero
#5062 Posted : Saturday, July 23, 2016 8:09:47 PM
Rank: Elder


Joined: 6/23/2009
Posts: 13,711
Location: nairobi
Gross profit up 42% +KES10.549B YoY and operating loss position up 76% +KES 12.240B YoY
. KQ despite turbulent times remains
a bold and treasured brand, voted as African Airline of The Year, Leading Business Class in Africa 2015, delivering 160 landing/takeoffs with uplift of over 10,000 passengers daily covering 54 global destinations. Operation Pride now at 25% of implementation, has achieved 113 improvement activities effected out of a total of 447 specific initiatives. Overall impact being 32% increase on recurrent annual income

COOP 255,000 ABP 15.85; KQ 544,100 ABP 7.15; MTN 23,800 ABP 5.20
sparkly
#5063 Posted : Saturday, July 23, 2016 8:17:03 PM
Rank: Elder


Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
obiero wrote:
Gross profit up 42% +KES10.549B YoY and operating loss position up 76% +KES 12.240B YoY
. KQ despite turbulent times remains
African Airline of The Year, Leading Business Class in Africa 2015, delivering 160 landing/takeoffs with uplift of over 10,000 passengers daily covering 54 global destinations. Operation Pride now at 25% of implementation, has achieved 113 improvement activities effected out of a total of 447 specific initiatives. Overall impact being 32% increase on recurrent annual income


Wazua Troll. No one takes you seriously anymore.
Life is short. Live passionately.
VituVingiSana
#5064 Posted : Saturday, July 23, 2016 8:17:14 PM
Rank: Chief


Joined: 1/3/2007
Posts: 18,190
Location: Nairobi
obiero wrote:
iris wrote:
VituVingiSana wrote:
obiero wrote:
VituVingiSana wrote:
MaichBlack wrote:
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

@Obiero - On Wednesday, you stated that come what may, you cannot accept anything below 12/= on your KQ shares. Next morning you are selling at 4.50/=

You really need to reevaluate your source of "inside information".

Link: @Obiero not accepting anything below Kshs. 12/= on KQ shares - see post #4917


I have tried to expose this conman and his ways. If there are still some who believe him... Washindwe.

But why does your mother trust me with extreme sensitive areas. I am a noble man
Shame on you Shame on you Shame on you The ad hominem attacks. For all the insults that @Obiero can throw at me... I am glad he has been exposed as a conniving charlatan. Integrity. This remains key. For anyone who uses "winda" beware of the conman who will screw you over. Enough said.


And not even the person he is at odds with but his mother. Most African vernaculars included addressing our peers' mothers as our own mothers. But @vvs, pat yourself on the back for avoiding a pissing match of such quality. While most men look at mothers of peers with some level of respect, "deadly" Obiero wants to sleep with them. And I fail to see the cause of retaliation -- Obiero announced here on the forum that he is a conman and even those of us who were inclined to think he was just misguided sometimes, now know that he may or may not be misguided, but he is definitely a conman.
So, is that much talked about "spirit of Wazua" that I have come across often since I joined just an ideal like world peace?

@iris lol.. I love your writing. very interesting but shallow. everyone trades for a profit, so incase I get to know that I can take a cut off your ignorance, I will do exactly that.. This is a stock exchange where profit surpasses friendship/comradeship. I took a move to sell that related to my hard earned cash. If that makes me a con, so be it..


With that, I shall sign off discussing KQ with @Obiero ... Now that he has been exposed for what he is, my work here is done. I hope "newbies" search these discussions before they are misled by you-know-who.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
obiero
#5065 Posted : Saturday, July 23, 2016 8:21:13 PM
Rank: Elder


Joined: 6/23/2009
Posts: 13,711
Location: nairobi
sparkly wrote:
obiero wrote:
Gross profit up 42% +KES10.549B YoY and operating loss position up 76% +KES 12.240B YoY
. KQ despite turbulent times remains
a bold and treasured brand, voted as African Airline of The Year, Leading Business Class in Africa 2015, delivering 160 landing/takeoffs with uplift of over 10,000 passengers daily covering 54 global destinations. Operation Pride now at 25% of implementation, has achieved 113 improvement activities effected out of a total of 447 specific initiatives. Overall impact being 32% increase on recurrent annual income


Wazua Troll. No one takes you seriously anymore.

Lol. Does it matter?? Last time I checked, my bank account was expecting over 700k.. That's all I know :)

COOP 255,000 ABP 15.85; KQ 544,100 ABP 7.15; MTN 23,800 ABP 5.20
obiero
#5066 Posted : Saturday, July 23, 2016 8:23:06 PM
Rank: Elder


Joined: 6/23/2009
Posts: 13,711
Location: nairobi
VituVingiSana wrote:
obiero wrote:
iris wrote:
VituVingiSana wrote:
obiero wrote:
VituVingiSana wrote:
MaichBlack wrote:
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

@Obiero - On Wednesday, you stated that come what may, you cannot accept anything below 12/= on your KQ shares. Next morning you are selling at 4.50/=

You really need to reevaluate your source of "inside information".

Link: @Obiero not accepting anything below Kshs. 12/= on KQ shares - see post #4917


I have tried to expose this conman and his ways. If there are still some who believe him... Washindwe.

But why does your mother trust me with extreme sensitive areas. I am a noble man
Shame on you Shame on you Shame on you The ad hominem attacks. For all the insults that @Obiero can throw at me... I am glad he has been exposed as a conniving charlatan. Integrity. This remains key. For anyone who uses "winda" beware of the conman who will screw you over. Enough said.


And not even the person he is at odds with but his mother. Most African vernaculars included addressing our peers' mothers as our own mothers. But @vvs, pat yourself on the back for avoiding a pissing match of such quality. While most men look at mothers of peers with some level of respect, "deadly" Obiero wants to sleep with them. And I fail to see the cause of retaliation -- Obiero announced here on the forum that he is a conman and even those of us who were inclined to think he was just misguided sometimes, now know that he may or may not be misguided, but he is definitely a conman.
So, is that much talked about "spirit of Wazua" that I have come across often since I joined just an ideal like world peace?

@iris lol.. I love your writing. very interesting but shallow. everyone trades for a profit, so incase I get to know that I can take a cut off your ignorance, I will do exactly that.. This is a stock exchange where profit surpasses friendship/comradeship. I took a move to sell that related to my hard earned cash. If that makes me a con, so be it..


With that, I shall sign off discussing KQ with @Obiero ... Now that he has been exposed for what he is, my work here is done. I hope "newbies" search these discussions before they are misled by you-know-who.

Asante brother.. Too bad I couldn't honor your bet. Cash is on the way. Tuesday to be precise

COOP 255,000 ABP 15.85; KQ 544,100 ABP 7.15; MTN 23,800 ABP 5.20
obiero
#5067 Posted : Saturday, July 23, 2016 8:48:12 PM
Rank: Elder


Joined: 6/23/2009
Posts: 13,711
Location: nairobi
obiero wrote:
obiero wrote:
Gatheuzi wrote:
obiero wrote:
todays purchase may have been fueled by pride, but I actually bought more of this stock and after sinking in all available information I have decided that I shall continue to buy into the near term.. My move is highly evaluated and highly risky.. It may lead to unimaginable losses but then again it could lead to unrestrained gains.. Im no longer asking any wazuan to join me, im flying this plane solo, kamikaze style :)

Enjoy the ride bro. I love your guts. Iam sure you will come back with good tales of how the skyline was. You are not solo, CS treasury may add some cash for more fuel while the dutch brothers may chip in for snacks.

@Gatheuzi. Im seeing a clear KES 40 for KQ in the next 24months.. I may be wrong, but then again I may be right..

20.11.2014 a gentleman disclaimer was issued

No one should blame anyone for personal investment decisions especially where I laid it bare that the risk involved was outsized. I tagged along no one. Almost everyone here believes and writes to the effect that KQ is a goner but I maintain a different view. I forecasted a large loss, but this estimate was tripled upon eventual results release.. Let us await H1

COOP 255,000 ABP 15.85; KQ 544,100 ABP 7.15; MTN 23,800 ABP 5.20
sparkly
#5068 Posted : Saturday, July 23, 2016 9:20:26 PM
Rank: Elder


Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
obiero wrote:
sparkly wrote:
obiero wrote:
Gross profit up 42% +KES10.549B YoY and operating loss position up 76% +KES 12.240B YoY
. KQ despite turbulent times remains
a bold and treasured brand, voted as African Airline of The Year, Leading Business Class in Africa 2015, delivering 160 landing/takeoffs with uplift of over 10,000 passengers daily covering 54 global destinations. Operation Pride now at 25% of implementation, has achieved 113 improvement activities effected out of a total of 447 specific initiatives. Overall impact being 32% increase on recurrent annual income


Wazua Troll. No one takes you seriously anymore.

Lol. Does it matter?? Last time I checked, my bank account was expecting over 700k.. That's all I know :)


Troll
Life is short. Live passionately.
Ebenyo
#5069 Posted : Saturday, July 23, 2016 9:37:26 PM
Rank: Veteran


Joined: 4/4/2016
Posts: 1,997
Location: Kitale
sparkly wrote:
obiero wrote:
sparkly wrote:
[quote=obiero] Gross profit up 42% +KES10.549B YoY and operating loss position up 76% +KES 12.240B YoY
. KQ despite turbulent times remains
a bold and treasured brand, voted as African Airline of The Year, Leading Business Class in Africa 2015, delivering 160 landing/takeoffs with uplift of over 10,000 passengers daily covering 54 global destinations. Operation Pride now at 25% of implementation, has achieved 113 improvement activities effected out of a total of 447 specific initiatives. Overall impact being 32% increase on recurrent annual income


Wazua Troll. No one takes you seriously anymore.

Lol. Does it matter?? Last time I checked, my bank account was expecting over 700k.. That's all I know :)


Dont forget to Send the 100k to VVS.
Towards the goal of financial freedom
VituVingiSana
#5070 Posted : Sunday, July 24, 2016 11:54:42 AM
Rank: Chief


Joined: 1/3/2007
Posts: 18,190
Location: Nairobi
KQ could swap debt to equity to fly back to profitability
http://www.theeastafrica...466-11vfxg0z/index.html

With the debt that KQ owes GoK... could it become 99% GoK owned? Or at the minimum 50%+1?
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
obiero
#5071 Posted : Sunday, July 24, 2016 12:15:20 PM
Rank: Elder


Joined: 6/23/2009
Posts: 13,711
Location: nairobi
VituVingiSana wrote:
KQ could swap debt to equity to fly back to profitability
http://www.theeastafrica...466-11vfxg0z/index.html

With the debt that KQ owes GoK... could it become 99% GoK owned? Or at the minimum 50%+1?

The government is likely to have its way despite the Chairman stating that KQ cannot be valued. The presidency is interested in whittling down KLM influence.. Interesting times

COOP 255,000 ABP 15.85; KQ 544,100 ABP 7.15; MTN 23,800 ABP 5.20
obiero
#5072 Posted : Sunday, July 24, 2016 12:42:24 PM
Rank: Elder


Joined: 6/23/2009
Posts: 13,711
Location: nairobi
obiero wrote:
ArrestedDev wrote:
obiero wrote:
10+ reasons to believe in operation pride atKQ:
1. End of hedging policy - Until end of 2016, some up to 2017
But welcome move with some of its stock priced at KES 88 against current price of KES 35
2. Cut off on HOTAC and other operational expenses - Operational issues still there leading to cancellations
OTP currently at 85 with cancellation being managed
3. Rightsizing of the workforce - New hires required in the long run. Only a short term measure
Lower staff costs even in the interim is welcome. We will hire more once we are well
4. Fuel efficient planes- Fuel expense still a major cost for an airline
More reason as to why the fuel costs must be tight via newer craft. KQ now has the 5th youngest fleet in aviation, globally
5. Route optimization - Few options within African continent/ Fierce competition
Shedding off on non viable or low revenue routes was mandatory
6. Category 1 status at main hub - KQ not ready to take advantage of it. Huge working capital outlay required to get the fleet back.
Increased safety for travel cannot be overstated. Even without direct US flights
7. GoK guaranteed debt at reduced pay out - Repayment need to be done in the long run
Agreed but isn't it better to pay GoK 4% than banks at 16%
8. Sale of non critical assets - Leads to reduced capacity/ Increase in operational costs e.g. lease of landing slot
The land at Embakasi, obsolete craft that depreciated by the hour. These had to go. The landing slot was not a key asset
9. Global reduction in fuel costs - Inefficiencies in fuel procurement will hinder full benefits KQ has set up a transformational office that manages procurement by way of committe
10. Revival in KE tourism - A plus but KQ flies to a few source markets KQ shall not fly to each and every country. We shall focus on sweating the assets on revenue generating targets
11. Budget carrier for booming middle-class - Expansion required going forward/ Entry of Fasjet Jambojet marketshare in Kenya is currently 90% for the 3 major routes. We can ceed market share to Fastjet, Easyjet and the others but still survive
12. Cleaned-up board and management - More needs to be done e.g. CEO need to be axed, substantive Finance head need to be appointed Only the CEO remains. Ngunze is a cerified CPA K with Harvard training.. He can double up as the CFO for now
13. Debt tenor restructure by main bankers - Longer tenure leads to higher interest cost Higher interest in the long run but we aim to retire the debt by way of principal repayments once profitability resumes by H1 2016-2017
14. Financial revamp by transaction advisers- Leads to dilution of sharesPJT aim to look at a mix of finance initiatives including but not limited to KLM pumping in additional funds to steady the turbulence. Will KLM lend at high interest rates to itself. That is unlikely


The underlying problem is revenue growth. The airline has a huge cost base and without revenue growth, it will take a considerable period of time to turnaround.

Glass half empty or half full.. Perception and conjecture theories.. Time will tell

Gross profit up 42% +KES10.549B YoY and operating loss position up 76% +KES 12.240B YoY
. KQ despite turbulent times remains
a bold and treasured brand, voted as African Airline of The Year, Leading Business Class in Africa 2015, delivering 160 landing/takeoffs with uplift of over 10,000 passengers daily covering 54 global destinations. Operation Pride now at 25% of implementation, has achieved 113 improvement activities effected out of a total of 447 specific initiatives. Overall impact being 32% increase on recurrent annual income

COOP 255,000 ABP 15.85; KQ 544,100 ABP 7.15; MTN 23,800 ABP 5.20
Spikes
#5073 Posted : Sunday, July 24, 2016 2:41:21 PM
Rank: Elder


Joined: 9/20/2015
Posts: 2,811
Location: Mombasa
obiero wrote:
obiero wrote:
ArrestedDev wrote:
obiero wrote:
10+ reasons to believe in operation pride atKQ:
1. End of hedging policy - Until end of 2016, some up to 2017
But welcome move with some of its stock priced at KES 88 against current price of KES 35
2. Cut off on HOTAC and other operational expenses - Operational issues still there leading to cancellations
OTP currently at 85 with cancellation being managed
3. Rightsizing of the workforce - New hires required in the long run. Only a short term measure
Lower staff costs even in the interim is welcome. We will hire more once we are well
4. Fuel efficient planes- Fuel expense still a major cost for an airline
More reason as to why the fuel costs must be tight via newer craft. KQ now has the 5th youngest fleet in aviation, globally
5. Route optimization - Few options within African continent/ Fierce competition
Shedding off on non viable or low revenue routes was mandatory
6. Category 1 status at main hub - KQ not ready to take advantage of it. Huge working capital outlay required to get the fleet back.
Increased safety for travel cannot be overstated. Even without direct US flights
7. GoK guaranteed debt at reduced pay out - Repayment need to be done in the long run
Agreed but isn't it better to pay GoK 4% than banks at 16%
8. Sale of non critical assets - Leads to reduced capacity/ Increase in operational costs e.g. lease of landing slot
The land at Embakasi, obsolete craft that depreciated by the hour. These had to go. The landing slot was not a key asset
9. Global reduction in fuel costs - Inefficiencies in fuel procurement will hinder full benefits KQ has set up a transformational office that manages procurement by way of committe
10. Revival in KE tourism - A plus but KQ flies to a few source markets KQ shall not fly to each and every country. We shall focus on sweating the assets on revenue generating targets
11. Budget carrier for booming middle-class - Expansion required going forward/ Entry of Fasjet Jambojet marketshare in Kenya is currently 90% for the 3 major routes. We can ceed market share to Fastjet, Easyjet and the others but still survive
12. Cleaned-up board and management - More needs to be done e.g. CEO need to be axed, substantive Finance head need to be appointed Only the CEO remains. Ngunze is a cerified CPA K with Harvard training.. He can double up as the CFO for now
13. Debt tenor restructure by main bankers - Longer tenure leads to higher interest cost Higher interest in the long run but we aim to retire the debt by way of principal repayments once profitability resumes by H1 2016-2017
14. Financial revamp by transaction advisers- Leads to dilution of sharesPJT aim to look at a mix of finance initiatives including but not limited to KLM pumping in additional funds to steady the turbulence. Will KLM lend at high interest rates to itself. That is unlikely


The underlying problem is revenue growth. The airline has a huge cost base and without revenue growth, it will take a considerable period of time to turnaround.

Glass half empty or half full.. Perception and conjecture theories.. Time will tell

Gross profit up 42% +KES10.549B YoY and operating loss position up 76% +KES 12.240B YoY
. KQ despite turbulent times remains
a bold and treasured brand, voted as African Airline of The Year, Leading Business Class in Africa 2015, delivering 160 landing/takeoffs with uplift of over 10,000 passengers daily covering 54 global destinations. Operation Pride now at 25% of implementation, has achieved 113 improvement activities effected out of a total of 447 specific initiatives. Overall impact being 32% increase on recurrent annual income



I can confirm to every Wazuan that @obiero is arithmetically impaired hindering him from crucial analytical skills. He is trying to force algebra to agree to his myopic pride. You can't insist imposing a zombie balance sheet into yourself and your neighbours. You jeopardise your capital being choked by the nasty outcome . I recommend that @obiero should hire a competent expert to interpret KQ results for him to understand what soaring negative equity means to him and his great grand children.
John 5:17 But Jesus replied, “My Father is always working, and so am I.”
Impunity
#5074 Posted : Sunday, July 24, 2016 3:07:47 PM
Rank: Elder


Joined: 3/2/2009
Posts: 26,330
Location: Masada
Spikes wrote:
obiero wrote:
obiero wrote:
ArrestedDev wrote:
obiero wrote:
10+ reasons to believe in operation pride atKQ:
1. End of hedging policy - Until end of 2016, some up to 2017
But welcome move with some of its stock priced at KES 88 against current price of KES 35
2. Cut off on HOTAC and other operational expenses - Operational issues still there leading to cancellations
OTP currently at 85 with cancellation being managed
3. Rightsizing of the workforce - New hires required in the long run. Only a short term measure
Lower staff costs even in the interim is welcome. We will hire more once we are well
4. Fuel efficient planes- Fuel expense still a major cost for an airline
More reason as to why the fuel costs must be tight via newer craft. KQ now has the 5th youngest fleet in aviation, globally
5. Route optimization - Few options within African continent/ Fierce competition
Shedding off on non viable or low revenue routes was mandatory
6. Category 1 status at main hub - KQ not ready to take advantage of it. Huge working capital outlay required to get the fleet back.
Increased safety for travel cannot be overstated. Even without direct US flights
7. GoK guaranteed debt at reduced pay out - Repayment need to be done in the long run
Agreed but isn't it better to pay GoK 4% than banks at 16%
8. Sale of non critical assets - Leads to reduced capacity/ Increase in operational costs e.g. lease of landing slot
The land at Embakasi, obsolete craft that depreciated by the hour. These had to go. The landing slot was not a key asset
9. Global reduction in fuel costs - Inefficiencies in fuel procurement will hinder full benefits KQ has set up a transformational office that manages procurement by way of committe
10. Revival in KE tourism - A plus but KQ flies to a few source markets KQ shall not fly to each and every country. We shall focus on sweating the assets on revenue generating targets
11. Budget carrier for booming middle-class - Expansion required going forward/ Entry of Fasjet Jambojet marketshare in Kenya is currently 90% for the 3 major routes. We can ceed market share to Fastjet, Easyjet and the others but still survive
12. Cleaned-up board and management - More needs to be done e.g. CEO need to be axed, substantive Finance head need to be appointed Only the CEO remains. Ngunze is a cerified CPA K with Harvard training.. He can double up as the CFO for now
13. Debt tenor restructure by main bankers - Longer tenure leads to higher interest cost Higher interest in the long run but we aim to retire the debt by way of principal repayments once profitability resumes by H1 2016-2017
14. Financial revamp by transaction advisers- Leads to dilution of sharesPJT aim to look at a mix of finance initiatives including but not limited to KLM pumping in additional funds to steady the turbulence. Will KLM lend at high interest rates to itself. That is unlikely


The underlying problem is revenue growth. The airline has a huge cost base and without revenue growth, it will take a considerable period of time to turnaround.

Glass half empty or half full.. Perception and conjecture theories.. Time will tell

Gross profit up 42% +KES10.549B YoY and operating loss position up 76% +KES 12.240B YoY
. KQ despite turbulent times remains
a bold and treasured brand, voted as African Airline of The Year, Leading Business Class in Africa 2015, delivering 160 landing/takeoffs with uplift of over 10,000 passengers daily covering 54 global destinations. Operation Pride now at 25% of implementation, has achieved 113 improvement activities effected out of a total of 447 specific initiatives. Overall impact being 32% increase on recurrent annual income



I can confirm to every Wazuan that @obiero is arithmetically impaired hindering him from crucial analytical skills. He is trying to force algebra to agree to his myopic pride. You can't insist imposing a zombie balance sheet into yourself and your neighbours. You jeopardise your capital being choked by the nasty outcome . I recommend that @obiero should hire a competent expert to interpret KQ results for him to understand what soaring negative equity means to him and his great grand children.


35B KES is not a pocket change!
Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.

obiero
#5075 Posted : Sunday, July 24, 2016 4:56:05 PM
Rank: Elder


Joined: 6/23/2009
Posts: 13,711
Location: nairobi
Impunity wrote:
Spikes wrote:
obiero wrote:
obiero wrote:
ArrestedDev wrote:
obiero wrote:
10+ reasons to believe in operation pride atKQ:
1. End of hedging policy - Until end of 2016, some up to 2017
But welcome move with some of its stock priced at KES 88 against current price of KES 35
2. Cut off on HOTAC and other operational expenses - Operational issues still there leading to cancellations
OTP currently at 85 with cancellation being managed
3. Rightsizing of the workforce - New hires required in the long run. Only a short term measure
Lower staff costs even in the interim is welcome. We will hire more once we are well
4. Fuel efficient planes- Fuel expense still a major cost for an airline
More reason as to why the fuel costs must be tight via newer craft. KQ now has the 5th youngest fleet in aviation, globally
5. Route optimization - Few options within African continent/ Fierce competition
Shedding off on non viable or low revenue routes was mandatory
6. Category 1 status at main hub - KQ not ready to take advantage of it. Huge working capital outlay required to get the fleet back.
Increased safety for travel cannot be overstated. Even without direct US flights
7. GoK guaranteed debt at reduced pay out - Repayment need to be done in the long run
Agreed but isn't it better to pay GoK 4% than banks at 16%
8. Sale of non critical assets - Leads to reduced capacity/ Increase in operational costs e.g. lease of landing slot
The land at Embakasi, obsolete craft that depreciated by the hour. These had to go. The landing slot was not a key asset
9. Global reduction in fuel costs - Inefficiencies in fuel procurement will hinder full benefits KQ has set up a transformational office that manages procurement by way of committe
10. Revival in KE tourism - A plus but KQ flies to a few source markets KQ shall not fly to each and every country. We shall focus on sweating the assets on revenue generating targets
11. Budget carrier for booming middle-class - Expansion required going forward/ Entry of Fasjet Jambojet marketshare in Kenya is currently 90% for the 3 major routes. We can ceed market share to Fastjet, Easyjet and the others but still survive
12. Cleaned-up board and management - More needs to be done e.g. CEO need to be axed, substantive Finance head need to be appointed Only the CEO remains. Ngunze is a cerified CPA K with Harvard training.. He can double up as the CFO for now
13. Debt tenor restructure by main bankers - Longer tenure leads to higher interest cost Higher interest in the long run but we aim to retire the debt by way of principal repayments once profitability resumes by H1 2016-2017
14. Financial revamp by transaction advisers- Leads to dilution of sharesPJT aim to look at a mix of finance initiatives including but not limited to KLM pumping in additional funds to steady the turbulence. Will KLM lend at high interest rates to itself. That is unlikely


The underlying problem is revenue growth. The airline has a huge cost base and without revenue growth, it will take a considerable period of time to turnaround.

Glass half empty or half full.. Perception and conjecture theories.. Time will tell

Gross profit up 42% +KES10.549B YoY and operating loss position up 76% +KES 12.240B YoY
. KQ despite turbulent times remains
a bold and treasured brand, voted as African Airline of The Year, Leading Business Class in Africa 2015, delivering 160 landing/takeoffs with uplift of over 10,000 passengers daily covering 54 global destinations. Operation Pride now at 25% of implementation, has achieved 113 improvement activities effected out of a total of 447 specific initiatives. Overall impact being 32% increase on recurrent annual income



I can confirm to every Wazuan that @obiero is arithmetically impaired hindering him from crucial analytical skills. He is trying to force algebra to agree to his myopic pride. You can't insist imposing a zombie balance sheet into yourself and your neighbours. You jeopardise your capital being choked by the nasty outcome . I recommend that @obiero should hire a competent expert to interpret KQ results for him to understand what soaring negative equity means to him and his great grand children.


35B KES is not a pocket change!

It's also not a death sentence.. Let me go learn some arithmetic as suggested by the clown @spikes
http://smallbusiness.chr...gative-equity-66732.html

COOP 255,000 ABP 15.85; KQ 544,100 ABP 7.15; MTN 23,800 ABP 5.20
ARAP CHARLES
#5076 Posted : Monday, July 25, 2016 11:23:58 AM
Rank: Member


Joined: 5/30/2016
Posts: 217
Location: Talai
muandiwambeu wrote:
obiero wrote:
I have officially stopped the purchase of further KQ shares and now await the ride of a lifetime. The stars are lined up, perfectly.. Thank me later

well done. that's paves way for @spikes target of 2bob to materialise. hoping u won't play ppt on this one. @maka, gives us more tidings of the forthcoming bombshell. will it be tears of joy or tears of blood. I can smell blood a mile away and blood it is.

THIS KSH. 2.00 IS NOT LIKELY MY FRIENDS.. my thoughts the losses have been absorbed or what??? kwangu Ni 3.50cts nibuy Kama mwenda..
Watch and Listen and Live
obiero
#5077 Posted : Monday, July 25, 2016 11:40:49 AM
Rank: Elder


Joined: 6/23/2009
Posts: 13,711
Location: nairobi
ProverB wrote:

For the year ended 31st March 2010, Kenya Airways Ltd recorded Total revenue of Kshs 70,743,000,000.00, and the company’s
Operating Profit amounted to Kshs 1,839,000,000.00

Operating margin = (Operating Profit /Revenues) x 100.
= (1,839,000,000.00 / 70,743,000,000.00) x 100 = 2.6%

Out of every Kshs1.00 Kenya Airways collected as revenue in the year, it retained only Kshs 0.03, as operating profit after paying for the operational expenses incurred in getting that Kshs 1.00
It is out of that 3Cents that Kenya Airways is to pay out financial costs as well as taxes and the balance retained as profits for share holders.

Should we choose to focus only on the company’s core business operations, Kenya Airways operational performance for the just ended period is rather dismal compared to the previous periodsSad
 For 2010, Kenya Airways had an operating margin of 2.6%
 For 2009, the operating margin was 5.6%
 For 2008, the operating margin was 11.6%
 For 2007, the operating margin was 13.1%
Declining operating margins over time should be a warning sign to any investor. d'oh!

On average, out of every kshs1 in revenues that Kenya Airways collects annually, it has overtime paid more and more in operational costs. It could imply that the company is having difficulty in bringing in revenues considering that it registered slightly declined revenues compared to the previous year, or that the management is facing increasing challenges in improving the company’s Operational Efficiency.
The 54.5% decline in Operating Profits might explain why despite reporting 148% improvement in earnings, the share registered a 8% decline in trading price as soon as results were published.

A lot is learnt by observing Operating profits trend over time, but it should not be the only factor one considers when planning whether or not the Kenya Airways shares are a viable investment.smile

Ceteris paribus.Pray

Operationally KQ now healthy..
Operating margin shouldn't be calculated on an operation loss figure but it helps to determine trajectory:
2015 = -3.5%
2014 = -14.8%
2010 = 2.6%
2009 = 5.6%
2008 = 11.6%
2007 = 13.1%

COOP 255,000 ABP 15.85; KQ 544,100 ABP 7.15; MTN 23,800 ABP 5.20
Spikes
#5078 Posted : Monday, July 25, 2016 2:04:38 PM
Rank: Elder


Joined: 9/20/2015
Posts: 2,811
Location: Mombasa
ARAP CHARLES wrote:
muandiwambeu wrote:
obiero wrote:
I have officially stopped the purchase of further KQ shares and now await the ride of a lifetime. The stars are lined up, perfectly.. Thank me later

well done. that's paves way for @spikes target of 2bob to materialise. hoping u won't play ppt on this one. @maka, gives us more tidings of the forthcoming bombshell. will it be tears of joy or tears of blood. I can smell blood a mile away and blood it is.

THIS KSH. 2.00 IS NOT LIKELY MY FRIENDS.. my thoughts the losses have been absorbed or what??? kwangu Ni 3.50cts nibuy Kama mwenda..






You are forgetting the fact that even kes 3.50/-was thought impossible by @obiero group! It has now come to pass. I reviewed my entry strategy to 50cents and still patient. KES 2bob as things stand is too expensive!!! You are lied to by men in black suits and red ties, while releasing results, whose credentials are questionable. MIBs plus red ties disguised as executives representing shareholders shouting from the rooftops about POSITIVE OPERATING PROFIT to entice their employer who happens to be the government of Kenya from sacking them. They kept mute on NEGATIVE EQUITY and ballooning NET LOSS.


Hii ni ya kula na macho for now till a heavy plunge to 50CENTS.
John 5:17 But Jesus replied, “My Father is always working, and so am I.”
obiero
#5079 Posted : Monday, July 25, 2016 3:05:03 PM
Rank: Elder


Joined: 6/23/2009
Posts: 13,711
Location: nairobi
Spikes wrote:
ARAP CHARLES wrote:
muandiwambeu wrote:
obiero wrote:
I have officially stopped the purchase of further KQ shares and now await the ride of a lifetime. The stars are lined up, perfectly.. Thank me later

well done. that's paves way for @spikes target of 2bob to materialise. hoping u won't play ppt on this one. @maka, gives us more tidings of the forthcoming bombshell. will it be tears of joy or tears of blood. I can smell blood a mile away and blood it is.

THIS KSH. 2.00 IS NOT LIKELY MY FRIENDS.. my thoughts the losses have been absorbed or what??? kwangu Ni 3.50cts nibuy Kama mwenda..






You are forgetting the fact that even kes 3.50/-was thought impossible by @obiero group! It has now come to pass. I reviewed my entry strategy to 50cents and still patient. KES 2bob as things stand is too expensive!!! You are lied to by men in black suits and red ties, while releasing results, whose credentials are questionable. MIBs plus red ties disguised as executives representing shareholders shouting from the rooftops about POSITIVE OPERATING PROFIT to entice their employer who happens to be the government of Kenya from sacking them. They kept mute on NEGATIVE EQUITY and ballooning PAT.


Hii ni ya kula na macho for now till a heavy plunge to 50CENTS.

Shock on you

COOP 255,000 ABP 15.85; KQ 544,100 ABP 7.15; MTN 23,800 ABP 5.20
Spikes
#5080 Posted : Monday, July 25, 2016 4:43:39 PM
Rank: Elder


Joined: 9/20/2015
Posts: 2,811
Location: Mombasa
Spikes wrote:
ARAP CHARLES wrote:
muandiwambeu wrote:
obiero wrote:
I have officially stopped the purchase of further KQ shares and now await the ride of a lifetime. The stars are lined up, perfectly.. Thank me later

well done. that's paves way for @spikes target of 2bob to materialise. hoping u won't play ppt on this one. @maka, gives us more tidings of the forthcoming bombshell. will it be tears of joy or tears of blood. I can smell blood a mile away and blood it is.

THIS KSH. 2.00 IS NOT LIKELY MY FRIENDS.. my thoughts the losses have been absorbed or what??? kwangu Ni 3.50cts nibuy Kama mwenda..






You are forgetting the fact that even kes 3.50/-was thought impossible by @obiero group! It has now come to pass. I reviewed my entry strategy to 50cents and still patient. KES 2bob as things stand is too expensive!!! You are lied to by men in black suits and red ties, while releasing results, whose credentials are questionable. MIBs plus red ties disguised as executives representing shareholders shouting from the rooftops about POSITIVE OPERATING PROFIT to entice their employer who happens to be the government of Kenya from sacking them. They kept mute on NEGATIVE EQUITY and ballooning NET LOSS.


Hii ni ya kula na macho for now till a heavy plunge to 50CENTS.



@Obiero which is your new strategy? Tell us your objective of low entry. Or you want to jump in now at kes 4/-
John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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