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Kenya Airways...why ignore..
muandiwambeu
#9201 Posted : Thursday, December 07, 2017 12:25:55 PM
Rank: Veteran


Joined: 8/28/2015
Posts: 1,247
obiero wrote:
muandiwambeu wrote:
omega wrote:
obiero wrote:
@ the exchange bar.. word is out; 7.8B new shares needed to cover 48B conversion of GoK and financiers debt at KES 25B & 23B, respectively.. Share price agreed between parties for purchase is KES 7.2.. Fundamentally, KQ has obtained a new lease of life. Due to this fact, National Assembly has agreed to pass the Sessional Paper 3 in Wednesday's sitting. I sit tight, noting that in stock investment you must be prepared mentally to loose everything or gain it all..


7.8B plus the current issued shares (1.5B) comes to 9.3B.

If we use a profit after tax of 3.5B (2011), which is best result that KQ has managed in the last ten years, then the EPS would be 0.38. With a generous PE of 10, it would then trade at ksh 3.8 per share.

Given the full recovery is a way off, I wouldn't be surprised if KQ traded at below ksh 2 per share.

Even God's would be wrong to let all these prophecies of a tumbili KQ not come true. Fundamentally, we can not be wrong too now.

Six months later..

I am smelling lots of tumbilis in this market. Is it that the mdosi ametravel or is it that a new forest with many Monkeys has been discovered. Taking stock of these tumbilis.
S
Its ecstasy can kill. Went blackout on this last evening. At times you ought to pull the plug and save a patient the pains.
All I now know is kq has an head height to fall from. Any bad news will send any new comers scampering for their safety and trust u me, kqueer has bucket loads of supprises up its sleeves yet.d'oh! d'oh!
,Behold, a sower went forth to sow;....
obiero
#9202 Posted : Thursday, December 07, 2017 12:27:06 PM
Rank: Elder


Joined: 6/23/2009
Posts: 13,996
Location: nairobi
the deal wrote:
obiero wrote:
gatoho wrote:
Am totally lost. I bought at 3.8/- are the x shares I got x/4 or stil x?

x/4 for now until the Open Offer ratio is announced

So how much has this investor gained? d'oh! d'oh! d'oh!

Break even point for @gatoho was/is KES 15.2

KQ ABP 4.48; MTN ABP 5.20
obiero
#9203 Posted : Thursday, December 07, 2017 12:28:49 PM
Rank: Elder


Joined: 6/23/2009
Posts: 13,996
Location: nairobi
VituVingiSana wrote:
sparkly wrote:
obiero wrote:
Spikes wrote:
obiero wrote:
starx wrote:
obiero wrote:
Now at KES 16.5.. The guy who bought on 29.12.17 at KES 2.1 is now up 686% as some clowns like @spikes keep using internet bandwidth to post meaningless tripe. The aim of stock trading is to buy low and sell high, everything else is vanity

d'oh! d'oh! d'oh!

Lol. You know the correct date bwana.. Now at KES 16.5.. The guy who bought on 29.11.2017 at KES 2.1 is now up 686% as some clowns like @spikes keep using internet bandwidth to post meaningless tripe. The aim of stock trading is to buy low and sell high, everything else is vanity


If the main aim of stock market is buy low sell high, why is this bugger still underwater when a savvy trader entered at kes 2.10 will be more than 800% richer by Friday?

That's the aim, but not all traders make gains 100% of the time.. That's why we come here to share and sharpen each other.. But it seems you are a dimwit not ready to take advantage of an obvious rally.. At least I tried to help this mofo. Wazua will bear me witness




Capitalism is a bitch. You can note the following from this article:

1. KLM interested in Commercial arrangement, not the shareholding;
2. US Exxim and lessors worried about KQ becoming a parastatal;
3. Some local lenders opposed the deal while others supported it;
4. The advisors make 1.4B which is the equivalent to be raised from Minority in the rights;


https://www.google.com/a...ways-debt-restructuring

Everybody but the shareholders made money off KQ

http://www.businessdaily...148-13gew76z/index.html

The advisory team delivered high value and there's nothing wrong with the payment

KQ ABP 4.48; MTN ABP 5.20
Angelica _ann
#9204 Posted : Thursday, December 07, 2017 12:29:31 PM
Rank: Elder


Joined: 12/7/2012
Posts: 11,929
obiero wrote:
the deal wrote:
obiero wrote:
gatoho wrote:
Am totally lost. I bought at 3.8/- are the x shares I got x/4 or stil x?

x/4 for now until the Open Offer ratio is announced

So how much has this investor gained? d'oh! d'oh! d'oh!

Break even point for @gatoho was/is KES 15.2


16 bob all inclusive smile
In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
obiero
#9205 Posted : Thursday, December 07, 2017 12:59:22 PM
Rank: Elder


Joined: 6/23/2009
Posts: 13,996
Location: nairobi
Angelica _ann wrote:
obiero wrote:
the deal wrote:
obiero wrote:
gatoho wrote:
Am totally lost. I bought at 3.8/- are the x shares I got x/4 or stil x?

x/4 for now until the Open Offer ratio is announced

So how much has this investor gained? d'oh! d'oh! d'oh!

Break even point for @gatoho was/is KES 15.2


16 bob all inclusive smile

Miye im still underwater but I have sighted the sea shore

KQ ABP 4.48; MTN ABP 5.20
whiteowl
#9206 Posted : Thursday, December 07, 2017 1:07:28 PM
Rank: Veteran


Joined: 4/16/2014
Posts: 1,420
Location: Bohemian Grove
VituVingiSana wrote:
sparkly wrote:
obiero wrote:
Spikes wrote:
obiero wrote:
starx wrote:
[quote=obiero]Now at KES 16.5.. The guy who bought on 29.12.17 at KES 2.1 is now up 686% as some clowns like @spikes keep using internet bandwidth to post meaningless tripe. The aim of stock trading is to buy low and sell high, everything else is vanity

d'oh! d'oh! d'oh!

Lol. You know the correct date bwana.. Now at KES 16.5.. The guy who bought on 29.11.2017 at KES 2.1 is now up 686% as some clowns like @spikes keep using internet bandwidth to post meaningless tripe. The aim of stock trading is to buy low and sell high, everything else is vanity


If the main aim of stock market is buy low sell high, why is this bugger still underwater when a savvy trader entered at kes 2.10 will be more than 800% richer by Friday?

That's the aim, but not all traders make gains 100% of the time.. That's why we come here to share and sharpen each other.. But it seems you are a dimwit not ready to take advantage of an obvious rally.. At least I tried to help this mofo. Wazua will bear me witness




Capitalism is a bitch. You can note the following from this article:

1. KLM interested in Commercial arrangement, not the shareholding;
2. US Exxim and lessors worried about KQ becoming a parastatal;
3. Some local lenders opposed the deal while others supported it;
4. The advisors make 1.4B which is the equivalent to be raised from Minority in the rights;


https://www.google.com/a...ways-debt-restructuring

Everybody but the shareholders made money off KQ


I can compare this to Centum going to the bond market and shortly afterwards giving employees hefty bonuses.Such moves are designed to screw minority shareholders.
muandiwambeu
#9207 Posted : Thursday, December 07, 2017 1:19:41 PM
Rank: Veteran


Joined: 8/28/2015
Posts: 1,247
Angelica _ann wrote:
obiero wrote:
the deal wrote:
obiero wrote:
gatoho wrote:
Am totally lost. I bought at 3.8/- are the x shares I got x/4 or stil x?

x/4 for now until the Open Offer ratio is announced

So how much has this investor gained? d'oh! d'oh! d'oh!

Break even point for @gatoho was/is KES 15.2


16 bob all inclusive smile

https://www.standardmedi...-kq-s-debt-restructuring
,Behold, a sower went forth to sow;....
muandiwambeu
#9208 Posted : Thursday, December 07, 2017 1:22:04 PM
Rank: Veteran


Joined: 8/28/2015
Posts: 1,247
Angelica _ann wrote:
obiero wrote:
the deal wrote:
obiero wrote:
gatoho wrote:
Am totally lost. I bought at 3.8/- are the x shares I got x/4 or stil x?

x/4 for now until the Open Offer ratio is announced

So how much has this investor gained? d'oh! d'oh! d'oh!

Break even point for @gatoho was/is KES 15.2


16 bob all inclusive smile

https://www.standardmedi...-kq-s-debt-restructuring
,Behold, a sower went forth to sow;....
obiero
#9209 Posted : Thursday, December 07, 2017 2:27:09 PM
Rank: Elder


Joined: 6/23/2009
Posts: 13,996
Location: nairobi
muandiwambeu wrote:
Angelica _ann wrote:
obiero wrote:
the deal wrote:
obiero wrote:
gatoho wrote:
Am totally lost. I bought at 3.8/- are the x shares I got x/4 or stil x?

x/4 for now until the Open Offer ratio is announced

So how much has this investor gained? d'oh! d'oh! d'oh!

Break even point for @gatoho was/is KES 15.2


16 bob all inclusive smile

https://www.standardmedi...kq-s-debt-restructuring

Todays volume and price action was intense

KQ ABP 4.48; MTN ABP 5.20
obiero
#9210 Posted : Thursday, December 07, 2017 3:42:57 PM
Rank: Elder


Joined: 6/23/2009
Posts: 13,996
Location: nairobi
whiteowl wrote:
VituVingiSana wrote:
sparkly wrote:
obiero wrote:
Spikes wrote:
obiero wrote:
starx wrote:
[quote=obiero]Now at KES 16.5.. The guy who bought on 29.12.17 at KES 2.1 is now up 686% as some clowns like @spikes keep using internet bandwidth to post meaningless tripe. The aim of stock trading is to buy low and sell high, everything else is vanity

d'oh! d'oh! d'oh!

Lol. You know the correct date bwana.. Now at KES 16.5.. The guy who bought on 29.11.2017 at KES 2.1 is now up 686% as some clowns like @spikes keep using internet bandwidth to post meaningless tripe. The aim of stock trading is to buy low and sell high, everything else is vanity


If the main aim of stock market is buy low sell high, why is this bugger still underwater when a savvy trader entered at kes 2.10 will be more than 800% richer by Friday?

That's the aim, but not all traders make gains 100% of the time.. That's why we come here to share and sharpen each other.. But it seems you are a dimwit not ready to take advantage of an obvious rally.. At least I tried to help this mofo. Wazua will bear me witness




Capitalism is a bitch. You can note the following from this article:

1. KLM interested in Commercial arrangement, not the shareholding;
2. US Exxim and lessors worried about KQ becoming a parastatal;
3. Some local lenders opposed the deal while others supported it;
4. The advisors make 1.4B which is the equivalent to be raised from Minority in the rights;


https://www.google.com/a...ways-debt-restructuring

Everybody but the shareholders made money off KQ


I can compare this to Centum going to the bond market and shortly afterwards giving employees hefty bonuses.Such moves are designed to screw minority shareholders.

KQ Lenders Co Ltd is up 108% in paper gain as at today.. A few minority shareholders 764% up since relisting.. It all depends on entry and exit price. Labeling KQ a crap stock with its current run, is simply lazy clown-like thinking. The company itself is not yet out of the woods but that doesn't stop smart shortism traders from making some money

KQ ABP 4.48; MTN ABP 5.20
sparkly
#9211 Posted : Friday, December 08, 2017 7:02:58 AM
Rank: Elder


Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
obiero wrote:
whiteowl wrote:
VituVingiSana wrote:
sparkly wrote:
obiero wrote:
Spikes wrote:
obiero wrote:
starx wrote:
[quote=obiero]Now at KES 16.5.. The guy who bought on 29.12.17 at KES 2.1 is now up 686% as some clowns like @spikes keep using internet bandwidth to post meaningless tripe. The aim of stock trading is to buy low and sell high, everything else is vanity

d'oh! d'oh! d'oh!

Lol. You know the correct date bwana.. Now at KES 16.5.. The guy who bought on 29.11.2017 at KES 2.1 is now up 686% as some clowns like @spikes keep using internet bandwidth to post meaningless tripe. The aim of stock trading is to buy low and sell high, everything else is vanity


If the main aim of stock market is buy low sell high, why is this bugger still underwater when a savvy trader entered at kes 2.10 will be more than 800% richer by Friday?

That's the aim, but not all traders make gains 100% of the time.. That's why we come here to share and sharpen each other.. But it seems you are a dimwit not ready to take advantage of an obvious rally.. At least I tried to help this mofo. Wazua will bear me witness




Capitalism is a bitch. You can note the following from this article:

1. KLM interested in Commercial arrangement, not the shareholding;
2. US Exxim and lessors worried about KQ becoming a parastatal;
3. Some local lenders opposed the deal while others supported it;
4. The advisors make 1.4B which is the equivalent to be raised from Minority in the rights;


https://www.google.com/a...ways-debt-restructuring

Everybody but the shareholders made money off KQ


I can compare this to Centum going to the bond market and shortly afterwards giving employees hefty bonuses.Such moves are designed to screw minority shareholders.

KQ Lenders Co Ltd is up 108% in paper gain as at today.. A few minority shareholders 764% up since relisting.. It all depends on entry and exit price. Labeling KQ a crap stock with its current run, is simply lazy clown-like thinking. The company itself is not yet out of the woods but that doesn't stop smart shortism traders from making some money


Yawn...
Life is short. Live passionately.
obiero
#9212 Posted : Friday, December 08, 2017 7:27:03 AM
Rank: Elder


Joined: 6/23/2009
Posts: 13,996
Location: nairobi
Vincent Coste making good money-moves for KQ http://www.businessdaily...19110-8madv8z/index.html

KQ ABP 4.48; MTN ABP 5.20
Sufficiently Philanga....thropic
#9213 Posted : Friday, December 08, 2017 10:20:43 AM
Rank: Elder


Joined: 9/23/2010
Posts: 2,221
Location: Sundowner,Amboseli
Worth looking at at 8.5-10 levels.
Lets see how far down it can go.
@SufficientlyP
VituVingiSana
#9214 Posted : Friday, December 08, 2017 11:10:22 AM
Rank: Chief


Joined: 1/3/2007
Posts: 18,272
Location: Nairobi
Making "short-term" profits, by some, on trading the shares isn't a sign of strength for a firm... A firm that delivers VALUE for all shareholders i.e. will you be happy holding the shares for 10 years if they are suspended from trading?

I like buying (good) BUSINESSES [at fair/cheap prices]...

I like MJ and Mikosz [straight shooters] but I need to see a solid turnaround then pay a FAIR price. Based on the NAV/share and (potential) EPS, it seems that price is sub-5 for me.

I shall look at KQ but it has to provide LONG-TERM profitable growth vs the likes of (some) banks, KK, Unga, KenRe, etc.

This is not about emotions but money.

I just bought more KenRe. Why? It's a laggard on the stock market [19-22] but the EARNINGS add value to the intrinsic value. KenRe makes KES 3-5 (EPS) and pays KES 0.75 and eventually the payoff will show up.

I am a poor trader but I am happy with firms that throw off cash. I want to be a mini-mini-Warren Buffett.

Once KQ is truly profitable, then like WB, I will look at it at a FAIR price. I can't fathom paying 8x NAV for KQ. Even Equity trades at no more than 2x NAV.

BTW, I don't invest in Bandia firms. No more ADSS, HAFR, Deacons, Express, Olympia, etc. I may follow them coz I want to learn but not invest in them.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
obiero
#9215 Posted : Friday, December 08, 2017 11:24:02 AM
Rank: Elder


Joined: 6/23/2009
Posts: 13,996
Location: nairobi
VituVingiSana wrote:
Making "short-term" profits, by some, on trading the shares isn't a sign of strength for a firm... A firm that delivers VALUE for all shareholders i.e. will you be happy holding the shares for 10 years if they are suspended from trading?

I like buying (good) BUSINESSES [at fair/cheap prices]...

I like MJ and Mikosz [straight shooters] but I need to see a solid turnaround then pay a FAIR price. Based on the NAV/share and (potential) EPS, it seems that price is sub-5 for me.

I shall look at KQ but it has to provide LONG-TERM profitable growth vs the likes of (some) banks, KK, Unga, KenRe, etc.

This is not about emotions but money.

I just bought more KenRe. Why? It's a laggard on the stock market [19-22] but the EARNINGS add value to the intrinsic value. KenRe makes KES 3-5 (EPS) and pays KES 0.75 and eventually the payoff will show up.

I am a poor trader but I am happy with firms that throw off cash. I want to be a mini-mini-Warren Buffett.

Once KQ is truly profitable, then like WB, I will look at it at a FAIR price. I can't fathom paying 8x NAV for KQ. Even Equity trades at no more than 2x NAV.

BTW, I don't invest in Bandia firms. No more ADSS, HAFR, Deacons, Express, Olympia, etc. I may follow them coz I want to learn but not invest in them.

NBK, NBV, Kurwitu must also appear in the bandia stock listing. Meanwhile NAV is fair to use in firms that obtain organic growth and not debt funded.. KQ falls into the latter category so forward PE may be a better measure to use in your stock analysis and waiting for the fair price after profitability is achieved will only mean that you will pay a premium

KQ ABP 4.48; MTN ABP 5.20
VituVingiSana
#9216 Posted : Friday, December 08, 2017 4:08:51 PM
Rank: Chief


Joined: 1/3/2007
Posts: 18,272
Location: Nairobi
obiero wrote:
VituVingiSana wrote:
Making "short-term" profits, by some, on trading the shares isn't a sign of strength for a firm... A firm that delivers VALUE for all shareholders i.e. will you be happy holding the shares for 10 years if they are suspended from trading?

I like buying (good) BUSINESSES [at fair/cheap prices]...

I like MJ and Mikosz [straight shooters] but I need to see a solid turnaround then pay a FAIR price. Based on the NAV/share and (potential) EPS, it seems that price is sub-5 for me.

I shall look at KQ but it has to provide LONG-TERM profitable growth vs the likes of (some) banks, KK, Unga, KenRe, etc.

This is not about emotions but money.

I just bought more KenRe. Why? It's a laggard on the stock market [19-22] but the EARNINGS add value to the intrinsic value. KenRe makes KES 3-5 (EPS) and pays KES 0.75 and eventually the payoff will show up.

I am a poor trader but I am happy with firms that throw off cash. I want to be a mini-mini-Warren Buffett.

Once KQ is truly profitable, then like WB, I will look at it at a FAIR price. I can't fathom paying 8x NAV for KQ. Even Equity trades at no more than 2x NAV.

BTW, I don't invest in Bandia firms. No more ADSS, HAFR, Deacons, Express, Olympia, etc. I may follow them coz I want to learn but not invest in them.

NBK, NBV, Kurwitu must also appear in the bandia stock listing. Meanwhile NAV is fair to use in firms that obtain organic growth and not debt funded.. KQ falls into the latter category so forward PE may be a better measure to use in your stock analysis and waiting for the fair price after profitability is achieved will only mean that you will pay a premium

Let's not discuss forward PEs until there is a positive EPS for 4 straight quarters.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
obiero
#9217 Posted : Friday, December 08, 2017 4:41:50 PM
Rank: Elder


Joined: 6/23/2009
Posts: 13,996
Location: nairobi
VituVingiSana wrote:
obiero wrote:
VituVingiSana wrote:
Making "short-term" profits, by some, on trading the shares isn't a sign of strength for a firm... A firm that delivers VALUE for all shareholders i.e. will you be happy holding the shares for 10 years if they are suspended from trading?

I like buying (good) BUSINESSES [at fair/cheap prices]...

I like MJ and Mikosz [straight shooters] but I need to see a solid turnaround then pay a FAIR price. Based on the NAV/share and (potential) EPS, it seems that price is sub-5 for me.

I shall look at KQ but it has to provide LONG-TERM profitable growth vs the likes of (some) banks, KK, Unga, KenRe, etc.

This is not about emotions but money.

I just bought more KenRe. Why? It's a laggard on the stock market [19-22] but the EARNINGS add value to the intrinsic value. KenRe makes KES 3-5 (EPS) and pays KES 0.75 and eventually the payoff will show up.

I am a poor trader but I am happy with firms that throw off cash. I want to be a mini-mini-Warren Buffett.

Once KQ is truly profitable, then like WB, I will look at it at a FAIR price. I can't fathom paying 8x NAV for KQ. Even Equity trades at no more than 2x NAV.

BTW, I don't invest in Bandia firms. No more ADSS, HAFR, Deacons, Express, Olympia, etc. I may follow them coz I want to learn but not invest in them.

NBK, NBV, Kurwitu must also appear in the bandia stock listing. Meanwhile NAV is fair to use in firms that obtain organic growth and not debt funded.. KQ falls into the latter category so forward PE may be a better measure to use in your stock analysis and waiting for the fair price after profitability is achieved will only mean that you will pay a premium

Let's not discuss forward PEs until there is a positive EPS for 4 straight quarters.

Q1 2018 shall be the first return to profit. Expect all historical skeletons to be dumped onto FY 2017 with the airline having adjusted it's reporting FY end-cycle to Dec from Mar

KQ ABP 4.48; MTN ABP 5.20
sparkly
#9218 Posted : Saturday, December 09, 2017 12:36:05 AM
Rank: Elder


Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
obiero wrote:
VituVingiSana wrote:
obiero wrote:
VituVingiSana wrote:
Making "short-term" profits, by some, on trading the shares isn't a sign of strength for a firm... A firm that delivers VALUE for all shareholders i.e. will you be happy holding the shares for 10 years if they are suspended from trading?

I like buying (good) BUSINESSES [at fair/cheap prices]...

I like MJ and Mikosz [straight shooters] but I need to see a solid turnaround then pay a FAIR price. Based on the NAV/share and (potential) EPS, it seems that price is sub-5 for me.

I shall look at KQ but it has to provide LONG-TERM profitable growth vs the likes of (some) banks, KK, Unga, KenRe, etc.

This is not about emotions but money.

I just bought more KenRe. Why? It's a laggard on the stock market [19-22] but the EARNINGS add value to the intrinsic value. KenRe makes KES 3-5 (EPS) and pays KES 0.75 and eventually the payoff will show up.

I am a poor trader but I am happy with firms that throw off cash. I want to be a mini-mini-Warren Buffett.

Once KQ is truly profitable, then like WB, I will look at it at a FAIR price. I can't fathom paying 8x NAV for KQ. Even Equity trades at no more than 2x NAV.

BTW, I don't invest in Bandia firms. No more ADSS, HAFR, Deacons, Express, Olympia, etc. I may follow them coz I want to learn but not invest in them.

NBK, NBV, Kurwitu must also appear in the bandia stock listing. Meanwhile NAV is fair to use in firms that obtain organic growth and not debt funded.. KQ falls into the latter category so forward PE may be a better measure to use in your stock analysis and waiting for the fair price after profitability is achieved will only mean that you will pay a premium

Let's not discuss forward PEs until there is a positive EPS for 4 straight quarters.

Q1 2018 shall be the first return to profit. Expect all historical skeletons to be dumped onto FY 2017 with the airline having adjusted it's reporting FY end-cycle to Dec from Mar


Management and Advisors hide alot of skeletons when restructuring.
Life is short. Live passionately.
VituVingiSana
#9219 Posted : Saturday, December 09, 2017 10:03:52 AM
Rank: Chief


Joined: 1/3/2007
Posts: 18,272
Location: Nairobi
sparkly wrote:
obiero wrote:
VituVingiSana wrote:
obiero wrote:
VituVingiSana wrote:
Making "short-term" profits, by some, on trading the shares isn't a sign of strength for a firm... A firm that delivers VALUE for all shareholders i.e. will you be happy holding the shares for 10 years if they are suspended from trading?

I like buying (good) BUSINESSES [at fair/cheap prices]...

I like MJ and Mikosz [straight shooters] but I need to see a solid turnaround then pay a FAIR price. Based on the NAV/share and (potential) EPS, it seems that price is sub-5 for me.

I shall look at KQ but it has to provide LONG-TERM profitable growth vs the likes of (some) banks, KK, Unga, KenRe, etc.

This is not about emotions but money.

I just bought more KenRe. Why? It's a laggard on the stock market [19-22] but the EARNINGS add value to the intrinsic value. KenRe makes KES 3-5 (EPS) and pays KES 0.75 and eventually the payoff will show up.

I am a poor trader but I am happy with firms that throw off cash. I want to be a mini-mini-Warren Buffett.

Once KQ is truly profitable, then like WB, I will look at it at a FAIR price. I can't fathom paying 8x NAV for KQ. Even Equity trades at no more than 2x NAV.

BTW, I don't invest in Bandia firms. No more ADSS, HAFR, Deacons, Express, Olympia, etc. I may follow them coz I want to learn but not invest in them.

NBK, NBV, Kurwitu must also appear in the bandia stock listing. Meanwhile NAV is fair to use in firms that obtain organic growth and not debt funded.. KQ falls into the latter category so forward PE may be a better measure to use in your stock analysis and waiting for the fair price after profitability is achieved will only mean that you will pay a premium

Let's not discuss forward PEs until there is a positive EPS for 4 straight quarters.

Q1 2018 shall be the first return to profit. Expect all historical skeletons to be dumped onto FY 2017 with the airline having adjusted it's reporting FY end-cycle to Dec from Mar


Management and Advisors hide alot of skeletons when restructuring.
True, these "skeletons" can be written off or provided for. I wonder how much of the current NAV/share of 2/- will be decimated with the next set of results?
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
obiero
#9220 Posted : Saturday, December 09, 2017 11:15:00 AM
Rank: Elder


Joined: 6/23/2009
Posts: 13,996
Location: nairobi
sparkly wrote:
obiero wrote:
VituVingiSana wrote:
obiero wrote:
VituVingiSana wrote:
Making "short-term" profits, by some, on trading the shares isn't a sign of strength for a firm... A firm that delivers VALUE for all shareholders i.e. will you be happy holding the shares for 10 years if they are suspended from trading?

I like buying (good) BUSINESSES [at fair/cheap prices]...

I like MJ and Mikosz [straight shooters] but I need to see a solid turnaround then pay a FAIR price. Based on the NAV/share and (potential) EPS, it seems that price is sub-5 for me.

I shall look at KQ but it has to provide LONG-TERM profitable growth vs the likes of (some) banks, KK, Unga, KenRe, etc.

This is not about emotions but money.

I just bought more KenRe. Why? It's a laggard on the stock market [19-22] but the EARNINGS add value to the intrinsic value. KenRe makes KES 3-5 (EPS) and pays KES 0.75 and eventually the payoff will show up.

I am a poor trader but I am happy with firms that throw off cash. I want to be a mini-mini-Warren Buffett.

Once KQ is truly profitable, then like WB, I will look at it at a FAIR price. I can't fathom paying 8x NAV for KQ. Even Equity trades at no more than 2x NAV.

BTW, I don't invest in Bandia firms. No more ADSS, HAFR, Deacons, Express, Olympia, etc. I may follow them coz I want to learn but not invest in them.

NBK, NBV, Kurwitu must also appear in the bandia stock listing. Meanwhile NAV is fair to use in firms that obtain organic growth and not debt funded.. KQ falls into the latter category so forward PE may be a better measure to use in your stock analysis and waiting for the fair price after profitability is achieved will only mean that you will pay a premium

Let's not discuss forward PEs until there is a positive EPS for 4 straight quarters.

Q1 2018 shall be the first return to profit. Expect all historical skeletons to be dumped onto FY 2017 with the airline having adjusted it's reporting FY end-cycle to Dec from Mar


Management and Advisors hide alot of skeletons when restructuring.

It's called cleaning out the books upon change of reporting cycles, pretty normal and legal

KQ ABP 4.48; MTN ABP 5.20
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