Wazua
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Kenya Airways...why ignore..
Rank: Chief Joined: 1/3/2007 Posts: 18,102 Location: Nairobi
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obiero wrote:Ericsson wrote:obiero wrote:VyaBureSiachi wrote:obiero wrote:obiero wrote:Dear Shareholder, Kenya Airways Plc 47th AGM will be held electronically on Friday 30th June 2023, at 9.00am. Please use https://digital.candrgroup.co.ke/get-agm/ or dial *483*121# to confirm your attendance. Contact C&R at 020 8690360 for any queries Attended the AGM. Caroline A Ogwapit takes a bow from the board.. Back to profit by end of year 2024. Any idea when they'll lift the suspension? Most likely Jan 2025, unless a strategic buyer comes through within this year (unlikely), noting current suspension runs until Jan 2024 Suspension will be extended nothing tangible coming through by January Ruto flew to USA with the sale as his sole agenda. He is fighting to be seen as different so you better believe that he will do all it takes to turn around the situation. In the meantime, we shareholders continue to appreciate your support through the exchequer. We are forever indebted Shareholders of KQ should repay the debt to taxpayers, with interest, so you are not indebted to us. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: New-farer Joined: 2/27/2018 Posts: 56 Location: Cambrian Dc
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obiero wrote:Ericsson wrote:obiero wrote:VyaBureSiachi wrote:obiero wrote:obiero wrote:Dear Shareholder, Kenya Airways Plc 47th AGM will be held electronically on Friday 30th June 2023, at 9.00am. Please use https://digital.candrgroup.co.ke/get-agm/ or dial *483*121# to confirm your attendance. Contact C&R at 020 8690360 for any queries Attended the AGM. Caroline A Ogwapit takes a bow from the board.. Back to profit by end of year 2024. Any idea when they'll lift the suspension? Most likely Jan 2025, unless a strategic buyer comes through within this year (unlikely), noting current suspension runs until Jan 2024 Suspension will be extended nothing tangible coming through by January Ruto flew to USA with the sale as his sole agenda. He is fighting to be seen as different so you better believe that he will do all it takes to turn around the situation. In the meantime, we shareholders continue to appreciate your support through the exchequer. We are forever indebted The Yankees tend to be stingy. The oil merchants would be more generous. Anyway, let arap Noriega play politics to placate uncle sam. Bora tulipwe. Hata fiu pia ni mkwanja. If the radiance of a thousand suns were to burst at once into the sky that would be like the splendour of the mighty one.
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Rank: Elder Joined: 6/23/2009 Posts: 13,508 Location: nairobi
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VituVingiSana wrote:obiero wrote:Ericsson wrote:obiero wrote:VyaBureSiachi wrote:obiero wrote:obiero wrote:Dear Shareholder, Kenya Airways Plc 47th AGM will be held electronically on Friday 30th June 2023, at 9.00am. Please use https://digital.candrgroup.co.ke/get-agm/ or dial *483*121# to confirm your attendance. Contact C&R at 020 8690360 for any queries Attended the AGM. Caroline A Ogwapit takes a bow from the board.. Back to profit by end of year 2024. Any idea when they'll lift the suspension? Most likely Jan 2025, unless a strategic buyer comes through within this year (unlikely), noting current suspension runs until Jan 2024 Suspension will be extended nothing tangible coming through by January Ruto flew to USA with the sale as his sole agenda. He is fighting to be seen as different so you better believe that he will do all it takes to turn around the situation. In the meantime, we shareholders continue to appreciate your support through the exchequer. We are forever indebted Shareholders of KQ should repay the debt to taxpayers, with interest, so you are not indebted to us. Haha. Kwenda hukooooo mzee HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Elder Joined: 6/23/2009 Posts: 13,508 Location: nairobi
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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 periods 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. 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 c ompany 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. Ceteris paribus. As it was in the beginning.. HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Elder Joined: 6/23/2009 Posts: 13,508 Location: nairobi
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https://www.capitalfm.co...-a-sh998-million-profit/ HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Chief Joined: 1/3/2007 Posts: 18,102 Location: Nairobi
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obiero wrote: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 periods 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. 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 c ompany 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. Ceteris paribus. As it was in the beginning.. Flogging a dead horse. That debt. 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: 13,508 Location: nairobi
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Significant loss loading HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Elder Joined: 6/23/2009 Posts: 13,508 Location: nairobi
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obiero wrote:Significant loss loading To those that will be reading this in future, note that this was intelligent speculation. A sojourn HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Veteran Joined: 4/23/2014 Posts: 909
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obiero wrote:obiero wrote:Significant loss loading To those that will be reading this in future, note that this was intelligent speculation. A sojourn State clears half of Kenya Airways' guaranteed debt “You can get in way more trouble with a good idea than a bad idea, because you forget that the good idea has limits.” - Ben Graham
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Rank: Elder Joined: 6/23/2009 Posts: 13,508 Location: nairobi
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Very nice HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Elder Joined: 6/23/2009 Posts: 13,508 Location: nairobi
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obiero wrote:obiero wrote:Significant loss loading To those that will be reading this in future, note that this was intelligent speculation. A sojourn 10.5B operating profit https://www.reuters.com/...-profit-2023-2024-03-26/ HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Chief Joined: 1/3/2007 Posts: 18,102 Location: Nairobi
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How Kenya Airways passengers lost Sh4.3 billion on ticket expiry breach https://www.businessdail...llion-on-ticket--4587528Greedy 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: 13,508 Location: nairobi
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Kenya Airways to be sold before end of October 2024.. https://www.citizen.digi...s-in-equity-deal-n340270 HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Chief Joined: 1/3/2007 Posts: 18,102 Location: Nairobi
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[quote=obiero]Kenya Airways to be sold before end of October 2024.. https://www.citizen.digi...-in-equity-deal-n340270[/quote] It does NOT say that KQ will be sold but 49% of the shares may be sold to a foreign investor. The details are hazy. Given the complexity of the transaction, unless a lot of the legwork has been done, it is unlikely to close by Oct 2024. KQ has a new FF program (Asante) so it does seem it is getting ready to get a new partner. Since KQ needs cash, it is likely that an investor with cash to pump in will be sought i.e. new shares issued vs a sale of existing shares. The catch is what happens to the massive debt? Will GoK take it on? OR will the "Old" KQ still keep it on its books but become a 51% shareholders of "New" KQ? What about the leased planes? Will New KQ take them over? What is certain is that the minority shareholders eg @Obiero will have to be content with a "dilution" of their shareholding. 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: 13,508 Location: nairobi
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VituVingiSana wrote:[quote=obiero]Kenya Airways to be sold before end of October 2024.. https://www.citizen.digi...-in-equity-deal-n340270[/quote] It does NOT say that KQ will be sold but 49% of the shares may be sold to a foreign investor. The details are hazy. Given the complexity of the transaction, unless a lot of the legwork has been done, it is unlikely to close by Oct 2024. KQ has a new FF program (Asante) so it does seem it is getting ready to get a new partner. Since KQ needs cash, it is likely that an investor with cash to pump in will be sought i.e. new shares issued vs a sale of existing shares. The catch is what happens to the massive debt? Will GoK take it on? OR will the "Old" KQ still keep it on its books but become a 51% shareholders of "New" KQ? What about the leased planes? Will New KQ take them over? What is certain is that the minority shareholders eg @Obiero will have to be content with a "dilution" of their shareholding. I have been within the discussion rooms in this matter and let me tell you that the Open Offer remains on the table HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Chief Joined: 1/3/2007 Posts: 18,102 Location: Nairobi
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obiero wrote:VituVingiSana wrote:[quote=obiero]Kenya Airways to be sold before end of October 2024.. https://www.citizen.digi...-in-equity-deal-n340270[/quote] It does NOT say that KQ will be sold but 49% of the shares may be sold to a foreign investor. The details are hazy. Given the complexity of the transaction, unless a lot of the legwork has been done, it is unlikely to close by Oct 2024. KQ has a new FF program (Asante) so it does seem it is getting ready to get a new partner. Since KQ needs cash, it is likely that an investor with cash to pump in will be sought i.e. new shares issued vs a sale of existing shares. The catch is what happens to the massive debt? Will GoK take it on? OR will the "Old" KQ still keep it on its books but become a 51% shareholders of "New" KQ? What about the leased planes? Will New KQ take them over? What is certain is that the minority shareholders eg @Obiero will have to be content with a "dilution" of their shareholding. I have been within the discussion rooms in this matter and let me tell you that the Open Offer remains on the table Good Luck... 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: 13,508 Location: nairobi
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VituVingiSana wrote:obiero wrote:VituVingiSana wrote:[quote=obiero]Kenya Airways to be sold before end of October 2024.. https://www.citizen.digi...-in-equity-deal-n340270[/quote] It does NOT say that KQ will be sold but 49% of the shares may be sold to a foreign investor. The details are hazy. Given the complexity of the transaction, unless a lot of the legwork has been done, it is unlikely to close by Oct 2024. KQ has a new FF program (Asante) so it does seem it is getting ready to get a new partner. Since KQ needs cash, it is likely that an investor with cash to pump in will be sought i.e. new shares issued vs a sale of existing shares. The catch is what happens to the massive debt? Will GoK take it on? OR will the "Old" KQ still keep it on its books but become a 51% shareholders of "New" KQ? What about the leased planes? Will New KQ take them over? What is certain is that the minority shareholders eg @Obiero will have to be content with a "dilution" of their shareholding. I have been within the discussion rooms in this matter and let me tell you that the Open Offer remains on the table Good Luck... USD 1.5B recapitalization. Hope is eternal HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Elder Joined: 6/23/2009 Posts: 13,508 Location: nairobi
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Joy comes in the morning. Finally profitable HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Veteran Joined: 8/10/2014 Posts: 969 Location: Kenya
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obiero wrote:Joy comes in the morning. Finally profitable Operating Profit 1,298 Forex gains 5,394 Finance Costs (6,081) Interest income 23 PBT 634 Since forex gain can't be replicated each year, that profit is a mirage.
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Rank: Elder Joined: 6/23/2009 Posts: 13,508 Location: nairobi
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watesh wrote:obiero wrote:Joy comes in the morning. Finally profitable Operating Profit 1,298 Forex gains 5,394 Finance Costs (6,081) Interest income 23 PBT 634 Since forex gain can't be replicated each year, that profit is a mirage. Speak into the revenue Note also that the debt is significantly depleted by GoK largesse HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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