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

“At a price of five cents per right, we expect demand to be healthy at this price level,” the brokerage firm had said in its Tuesday market report. Mr Nderi also attributed the low demand to lack of block sales, which would attract institutional investors.

I retain, the ideal price ... is >15.10