KQ to announce their Full Year results on 14th June 2012. What numbers do you expect taking into account the profit warning issued!

The travesty is to have allowed recently issued shares in may (after 31st Mar 2012) to rank pari passu for dividends of earnings to be announced tomorrow. This was just playing to the gallery to entice investors to participate in the rights issue.

However on closer introspection, KQ with that declaration may have been thinly communicating to shareholders that there will be no dividends to be declared from the yet to be released results. Earnings will be weak, rights issue was largely abysmal and the company can do with all the profits. The vibe in the global economy suggests that come July and september pax numbers will only at best have improved marginally setting the airline up for another flat year!

I just logged in to confirm that this stock is crap!
...atleast Olympia Capital has the decency of accepting they are crap..something Naikuni ought to accede to.


Anyway..that said..the confidence of the Finance Director in pursuin debt when fortunes are glimmer this year than previous years..and unlikely to improve next year, is puzzling...

on the profit warning...blaming Tourism figures and yet Ministry of Tourism is excited by the said tourism figures is laughable...at best.. sad counter indeed..as is the blaming "hedging" si two years ago they were so exited about their "hedging" plans? Kwani at what point will the Management accede to the fact that the Company's efficiency levels are crap...and that they are spending too much on Publicity to a population that is unlikely to fly them?
...plus cheaper transit rates per passenger while spending more per passenger than other airlines is NEVER a winning formula!

Atleast the excuse that other airlines are from Oil rich nations will not hold much further with oil find in Turu but same inefficiencies are likely to remain..


...still maintain...not worth touching unless below 9Bob