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Kenya Airways...why ignore..
VituVingiSana
#15421 Posted : Sunday, July 23, 2023 6:15:27 PM
Rank: Chief


Joined: 1/3/2007
Posts: 18,078
Location: Nairobi
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. Laughing out loudly
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
VyaBureSiachi
#15422 Posted : Monday, July 24, 2023 5:58:53 AM
Rank: New-farer


Joined: 2/27/2018
Posts: 56
Location: Cambrian Dc
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.
obiero
#15423 Posted : Monday, July 24, 2023 5:58:32 PM
Rank: Elder


Joined: 6/23/2009
Posts: 13,487
Location: nairobi
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. Laughing out loudly

Haha. Kwenda hukooooo mzee

HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
obiero
#15424 Posted : Wednesday, August 30, 2023 7:26:58 PM
Rank: Elder


Joined: 6/23/2009
Posts: 13,487
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

As it was in the beginning..

HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
obiero
#15425 Posted : Wednesday, August 30, 2023 8:15:56 PM
Rank: Elder


Joined: 6/23/2009
Posts: 13,487
Location: nairobi
https://www.capitalfm.co...-a-sh998-million-profit/

HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
VituVingiSana
#15426 Posted : Thursday, August 31, 2023 1:04:26 PM
Rank: Chief


Joined: 1/3/2007
Posts: 18,078
Location: Nairobi
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 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

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
obiero
#15427 Posted : Tuesday, October 24, 2023 11:44:42 PM
Rank: Elder


Joined: 6/23/2009
Posts: 13,487
Location: nairobi
Significant loss loading

HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
obiero
#15428 Posted : Thursday, October 26, 2023 4:28:38 PM
Rank: Elder


Joined: 6/23/2009
Posts: 13,487
Location: nairobi
obiero wrote:
Significant loss loading

To those that will be reading this in future, note that this was intelligent speculation. A sojourn

HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
HaMaina
#15429 Posted : Friday, February 23, 2024 11:55:09 AM
Rank: Veteran


Joined: 4/23/2014
Posts: 907
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 debtsmile smile smile
“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
obiero
#15430 Posted : Saturday, February 24, 2024 10:34:06 AM
Rank: Elder


Joined: 6/23/2009
Posts: 13,487
Location: nairobi
HaMaina wrote:
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 debtsmile smile smile

Very nice

HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
obiero
#15431 Posted : Tuesday, March 26, 2024 7:09:05 PM
Rank: Elder


Joined: 6/23/2009
Posts: 13,487
Location: nairobi
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 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
VituVingiSana
#15432 Posted : Friday, April 12, 2024 5:02:23 AM
Rank: Chief


Joined: 1/3/2007
Posts: 18,078
Location: Nairobi
How Kenya Airways passengers lost Sh4.3 billion on ticket expiry breach

https://www.businessdail...llion-on-ticket--4587528
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
obiero
#15433 Posted : Monday, April 15, 2024 9:20:03 PM
Rank: Elder


Joined: 6/23/2009
Posts: 13,487
Location: nairobi
Kenya Airways to be sold before end of October 2024.. https://www.citizen.digi...s-in-equity-deal-n340270

HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
VituVingiSana
#15434 Posted : Monday, April 15, 2024 10:57:54 PM
Rank: Chief


Joined: 1/3/2007
Posts: 18,078
Location: Nairobi
[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
obiero
#15435 Posted : Tuesday, April 16, 2024 3:30:01 PM
Rank: Elder


Joined: 6/23/2009
Posts: 13,487
Location: nairobi
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 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
VituVingiSana
#15436 Posted : Tuesday, April 16, 2024 10:37:25 PM
Rank: Chief


Joined: 1/3/2007
Posts: 18,078
Location: Nairobi
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
obiero
#15437 Posted : Saturday, June 22, 2024 10:25:40 AM
Rank: Elder


Joined: 6/23/2009
Posts: 13,487
Location: nairobi
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 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
obiero
#15438 Posted : Monday, August 19, 2024 7:10:54 PM
Rank: Elder


Joined: 6/23/2009
Posts: 13,487
Location: nairobi
Joy comes in the morning. Finally profitable

HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
watesh
#15439 Posted : Tuesday, August 20, 2024 8:30:57 AM
Rank: Veteran


Joined: 8/10/2014
Posts: 963
Location: Kenya
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.
obiero
#15440 Posted : Tuesday, August 20, 2024 11:49:39 AM
Rank: Elder


Joined: 6/23/2009
Posts: 13,487
Location: nairobi
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 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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