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Kenya Airways Half Year 2017/2018 loss of sh.3.8bn
Rank: Elder Joined: 12/4/2009 Posts: 10,639 Location: NAIROBI
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Loss after tax at sh.3.8bn compared to 4.8bn last year Passenger numbers grew by 3.3% to 2.3mn Operating profit grew by 52% to Kes 1,443 Million,overheads down by 8.9%, with a 20.5% decrease in loss after tax Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Chief Joined: 1/3/2007 Posts: 18,053 Location: Nairobi
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Ericsson wrote:Loss after tax at sh.3.8bn compared to 4.8bn last year
Passenger numbers grew by 3.3% to 2.3mn
Operating profit grew by 52% to Kes 1,443 Million,overheads down by 8.9%, with a 20.5% decrease in loss after tax Break-even possibly in sight for 2018-19 after the share conversion by KQ Lenders Co and a successful Rights Issue, with savings on interest payments, BUT KQ still remains uninvestable for me unless the price drops substantially and reflects a sensible PEG & PER. BTW, Mikosz said the KLM-KQ JV is good for KQ. They want to add AF to the mix. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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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: 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: 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: Elder Joined: 12/4/2009 Posts: 10,639 Location: NAIROBI
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KQ lenders have nominated Ms Carol Musyoka and Martin Oduor-Otieno to represent them in the board. Kenya Government has nominated Mrs Esther J.Koimett KLM has nominated Jos Veenstra Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 12/4/2009 Posts: 10,639 Location: NAIROBI
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Even after the share restructuring the company will still be in negative equity. ksh.44.2bn of debt is what has been converted to equity Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Chief Joined: 1/3/2007 Posts: 18,053 Location: Nairobi
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Ericsson wrote:KQ lenders have nominated Ms Carol Musyoka and Martin Oduor-Otieno to represent them in the board.
Kenya Government has nominated Mrs Esther J.Koimett
KLM has nominated Jos Veenstra Wasn't koimett the one who grabbed (prime) Railways houses? Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 6/23/2009 Posts: 13,475 Location: nairobi
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VituVingiSana wrote:Ericsson wrote:KQ lenders have nominated Ms Carol Musyoka and Martin Oduor-Otieno to represent them in the board.
Kenya Government has nominated Mrs Esther J.Koimett
KLM has nominated Jos Veenstra Wasn't koimett the one who grabbed (prime) Railways houses? No, that was the father..
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: 6/23/2009 Posts: 13,475 Location: nairobi
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Ericsson wrote:Even after the share restructuring the company will still be in negative equity. ksh.44.2bn of debt is what has been converted to equity Between the two of us, one has a challenge with reading.. See page 16 in regards to the equity position http://www.winda.co.ke/projectsafari.pdf
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: 12/4/2009 Posts: 10,639 Location: NAIROBI
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obiero wrote:Ericsson wrote:[quote=Pesa Nane] Even after the share restructuring the company will still be in negative equity. ksh.44.2bn of debt is what has been converted to equity Between the two of us, one has a challenge with reading.. See page 16 in regards to the equity position http://www.winda.co.ke/projectsafari.pdf[/quote] I don't trust that document you have posted.The latest financial statements and final share restructuring has shown that what is contained there is vagueWealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 6/23/2009 Posts: 13,475 Location: nairobi
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Ericsson wrote:obiero wrote:Ericsson wrote:Even after the share restructuring the company will still be in negative equity. ksh.44.2bn of debt is what has been converted to equity Between the two of us, one has a challenge with reading.. See page 16 in regards to the equity position http://www.winda.co.ke/projectsafari.pdf
I don't trust that document you have posted.The latest financial statements and final share restructuring has shown that what is contained there is vague That's the circular to shareholders. It is the guiding document for the restructure. Would you rather rely on your assumptions than an official document.. The word proforma, has a meaning
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: 12/4/2009 Posts: 10,639 Location: NAIROBI
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obiero wrote:Ericsson wrote:obiero wrote:Ericsson wrote:Even after the share restructuring the company will still be in negative equity. ksh.44.2bn of debt is what has been converted to equity Between the two of us, one has a challenge with reading.. See page 16 in regards to the equity position http://www.winda.co.ke/projectsafari.pdf
I don't trust that document you have posted.The latest financial statements and final share restructuring has shown that what is contained there is vague That's the circular to shareholders. It is the guiding document for the restructure. Would you rather rely on your assumptions than an official document.. The word proforma, has a meaning That official document has been passed by events.I am talking from the latest financial statement as at 30th September 2017 that was released yesterdayWealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 6/23/2009 Posts: 13,475 Location: nairobi
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Ericsson wrote:obiero wrote:Ericsson wrote:obiero wrote:Ericsson wrote:Even after the share restructuring the company will still be in negative equity. ksh.44.2bn of debt is what has been converted to equity Between the two of us, one has a challenge with reading.. See page 16 in regards to the equity position http://www.winda.co.ke/projectsafari.pdf
I don't trust that document you have posted.The latest financial statements and final share restructuring has shown that what is contained there is vague That's the circular to shareholders. It is the guiding document for the restructure. Would you rather rely on your assumptions than an official document.. The word proforma, has a meaning That official document has been passed by events.I am talking from the latest financial statement as at 30th September 2017 that was released yesterday So you opine that the firm still has negative equity after the restructuring??
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: 6/23/2009 Posts: 13,475 Location: nairobi
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VituVingiSana wrote:Ericsson wrote:Loss after tax at sh.3.8bn compared to 4.8bn last year
Passenger numbers grew by 3.3% to 2.3mn
Operating profit grew by 52% to Kes 1,443 Million,overheads down by 8.9%, with a 20.5% decrease in loss after tax Break-even possibly in sight for 2018-19 after the share conversion by KQ Lenders Co and a successful Rights Issue, with savings on interest payments, BUT KQ still remains uninvestable for me unless the price drops substantially and reflects a sensible PEG & PER. BTW, Mikosz said the KLM-KQ JV is good for KQ. They want to add AF to the mix. Document already dispatched to CMA and CAK for the proposed JV with Air France
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: 12/4/2009 Posts: 10,639 Location: NAIROBI
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obiero wrote:Ericsson wrote:obiero wrote:Ericsson wrote:obiero wrote:Ericsson wrote:Even after the share restructuring the company will still be in negative equity. ksh.44.2bn of debt is what has been converted to equity Between the two of us, one has a challenge with reading.. See page 16 in regards to the equity position http://www.winda.co.ke/projectsafari.pdf
I don't trust that document you have posted.The latest financial statements and final share restructuring has shown that what is contained there is vague That's the circular to shareholders. It is the guiding document for the restructure. Would you rather rely on your assumptions than an official document.. The word proforma, has a meaning That official document has been passed by events.I am talking from the latest financial statement as at 30th September 2017 that was released yesterday So you opine that the firm still has negative equity after the restructuring?? Yes Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 6/23/2009 Posts: 13,475 Location: nairobi
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obiero wrote:VituVingiSana wrote:Ericsson wrote:Loss after tax at sh.3.8bn compared to 4.8bn last year
Passenger numbers grew by 3.3% to 2.3mn
Operating profit grew by 52% to Kes 1,443 Million,overheads down by 8.9%, with a 20.5% decrease in loss after tax Break-even possibly in sight for 2018-19 after the share conversion by KQ Lenders Co and a successful Rights Issue, with savings on interest payments, BUT KQ still remains uninvestable for me unless the price drops substantially and reflects a sensible PEG & PER. BTW, Mikosz said the KLM-KQ JV is good for KQ. They want to add AF to the mix. Document already dispatched to CMA and CAK for the proposed JV with Air France Air France flights shall now be operating to Nairobi after decades absence. Sebastian works with high speed http://www.businessdaily...95368-y9cv90z/index.html
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: 2/16/2007 Posts: 2,114
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Thought AF and KL merged? http://www.airfranceklm.com/en
VituVingiSana wrote:
BTW, Mikosz said the KLM-KQ JV is good for KQ. They want to add AF to the mix.
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Rank: Elder Joined: 6/23/2009 Posts: 13,475 Location: nairobi
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Chaka wrote:Thought AF and KL merged? http://www.airfranceklm.com/en
VituVingiSana wrote:
BTW, Mikosz said the KLM-KQ JV is good for KQ. They want to add AF to the mix.
Same company, different brands.. Think of KQ/Jambojet
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: 4/22/2010 Posts: 11,522 Location: Nairobi
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obiero wrote:Chaka wrote:Thought AF and KL merged? http://www.airfranceklm.com/en
VituVingiSana wrote:
BTW, Mikosz said the KLM-KQ JV is good for KQ. They want to add AF to the mix.
Same company, different brands.. Think of KQ/Jambojet To be honest this guy has super brains... possunt quia posse videntur
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Kenya Airways Half Year 2017/2018 loss of sh.3.8bn
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