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KQ FY 2016 / 2017 net loss 10.2bn
Rank: Elder Joined: 6/23/2009 Posts: 13,475 Location: nairobi
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Live at Crown Plaza for the announcement. Michael Joseph gives unqualified commendation to Ngunze.. .@michaelj2 @KenyaAirways "we are starting to see more than just light at the end of the tunnel" pic.twitter.com/6DtcGldrQ6
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 15,750 ABP 6.45
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Rank: Chief Joined: 1/3/2007 Posts: 18,053 Location: Nairobi
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😂😂😂 Another loss of 10bn! Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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VituVingiSana wrote:😂😂😂 Another loss of 10bn! SMH.... possunt quia posse videntur
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Rank: Elder Joined: 9/20/2015 Posts: 2,811 Location: Mombasa
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VituVingiSana wrote:😂😂😂 Another loss of 10bn! You mean another asshole of 10bn? John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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Rank: Elder Joined: 3/2/2009 Posts: 26,325 Location: Masada
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maka wrote:VituVingiSana wrote:😂😂😂 Another loss of 10bn! SMH.... @VVS can't see its a half full glass, he is only seeing it as half empty. SMH too. Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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Rank: Member Joined: 7/1/2014 Posts: 895 Location: sky
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BREAKING.... Kenya Airways Cuts Losses By a massive KSh. 16 Billion, New CEO Takes Over on 1st June this now how to package news 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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Rank: Member Joined: 7/1/2014 Posts: 895 Location: sky
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The airlines’s chairman said, “Expect more improvements and announcements especially in operational and financial matters.” 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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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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littledove wrote:The airlines’s chairman said, “Expect more improvements and announcements especially in operational and financial matters.” Am wondering what else they can costs on.. Hata drinking water kwa ofisi hakuna...  possunt quia posse videntur
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Rank: Elder Joined: 5/25/2012 Posts: 4,105 Location: 08c
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 Pesa Nane plans to be shilingi when he grows up.
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Rank: Member Joined: 5/21/2014 Posts: 184
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Well done Mama Mboga for the umpteenth straight year you have made more profit than KQ. There are too many opportunities all around. Open your eyes and maybe you'll spot one
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Rank: Member Joined: 5/21/2014 Posts: 184
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maka wrote:littledove wrote:The airlines’s chairman said, “Expect more improvements and announcements especially in operational and financial matters.” Am wondering what else they can costs on..Hata drinking water kwa ofisi hakuna... They have quite a bit to do on the finance costs... and that is where I think it'll get interesting for the current shareholders. There are too many opportunities all around. Open your eyes and maybe you'll spot one
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Rank: Elder Joined: 3/2/2009 Posts: 26,325 Location: Masada
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maka wrote:littledove wrote:The airlines’s chairman said, “Expect more improvements and announcements especially in operational and financial matters.” Am wondering what else they can costs on.. Hata drinking water kwa ofisi hakuna... Employees can carry water from home or drink the borehole water from taps in the washrooms. Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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Rank: Elder Joined: 9/15/2006 Posts: 3,901
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If this summary is true, KQ really needs to get out of this fuel derivatives hedging business - a whole 4.1bn gone on this line alone, AISSHHH! Quote:A meal of billions at KQ:
Turnover 106bn
Gross profit 25.4bn
Operating profit 0.9bn
----- 😦
Currency loss (4.1)bn
Net loss (10.2)bn
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Rank: Elder Joined: 9/20/2015 Posts: 2,811 Location: Mombasa
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muganda wrote:If this summary is true, KQ really needs to get out of this fuel derivatives hedging business - a whole 4.1bn gone on this line alone, AISSHHH! Quote:A meal of billions at KQ:
Turnover 106bn
Gross profit 25.4bn
Operating profit 0.9bn
----- 😦
Currency loss (4.1)bn
Net loss (10.2)bn Since business is cyclical the time KQ will be out of hedging is when derivatives shall be beneficial. KQ is trapped between indecisiveness of the movement in oil prices and demand to deliver from new management. John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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Rank: Veteran Joined: 8/28/2015 Posts: 1,247
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muganda wrote:If this summary is true, KQ really needs to get out of this fuel derivatives hedging business - a whole 4.1bn gone on this line alone, AISSHHH! Quote:A meal of billions at KQ:
Turnover 106bn
Gross profit 25.4bn
Operating profit 0.9bn
----- 😦
Currency loss (4.1)bn
Net loss (10.2)bn Sincerely. This is nairobery at its best. Eti wakimonda anajipeleka court with news of improvement in behavioral disorder. In quotes"your honour sir, I report improvement in my conduct having murdered a moderate 10.6b over the previous 26bs record holder. So, kindly may you be linient enough and allow me go on a further killing spree since I expect to report an improvement" shindwe, shindwe, achiu, achiu, shindwe pepo peper.  ,Behold, a sower went forth to sow;....
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Rank: Veteran Joined: 8/28/2015 Posts: 1,247
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Spikes wrote:muganda wrote:If this summary is true, KQ really needs to get out of this fuel derivatives hedging business - a whole 4.1bn gone on this line alone, AISSHHH! Quote:A meal of billions at KQ:
Turnover 106bn
Gross profit 25.4bn
Operating profit 0.9bn
----- 😦
Currency loss (4.1)bn
Net loss (10.2)bn Since business is cyclical. The time KQ will be out of hedging is when derivatives shall be beneficial. KQ is trapped between indecisiveness of the movement in oil prices and demand to deliver from new management. Let's see cashflow statement, equity changes statement and financial position statement. The blackhole is in operating profit. Efficiency is nil(zilch) kibugu here-0.9bn. No ability to surmount these evil spells or good ones as obiero may wish everybody to think. ,Behold, a sower went forth to sow;....
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Rank: Elder Joined: 3/2/2009 Posts: 26,325 Location: Masada
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muganda wrote:If this summary is true, KQ really needs to get out of this fuel derivatives hedging business - a whole 4.1bn gone on this line alone, AISSHHH! Quote:A meal of billions at KQ:
Turnover 106bn
Gross profit 25.4bn
Operating profit 0.9bn
----- 😦
Currency loss (4.1)bn
Net loss (10.2)bn I thought fuel hedges ended last September? Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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Rank: Elder Joined: 3/2/2009 Posts: 26,325 Location: Masada
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But a gross profit of 25B is orgasmic...this can really turn into a yuge net profit if non core expenses are well controlled. This company is a gem in the trough. Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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Rank: Elder Joined: 6/23/2009 Posts: 13,475 Location: nairobi
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Impunity wrote:But a gross profit of 25B is orgasmic...this can really turn into a yuge net profit if non core expenses are well controlled.
This company is a gem in the trough. Agreed. A lot of positives in those results. A loss cut of over 16B is not good enough, but commendable. Smart money is definitely taking notice http://live.mystocks.co.ke/m/stock=KQ
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 15,750 ABP 6.45
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Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery
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Still crap...a massive balance sheet restructuring is required for this airline to turn a profit... Maybe another rights issue or preference shares to pay down debt... Still a lot of work need to be done... Nothing to celebrate here
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KQ FY 2016 / 2017 net loss 10.2bn
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