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KQ Profit Warning
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VituVingiSana
#51 Posted : Friday, October 31, 2008 7:59:00 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,344
Location: Nairobi
Well... now that it trades at 40% below NAV makes for a compelling buy.

2008-9 EPS estimated at 3.50 means great P/E

Greedy when others are fearful,Very fearful when others are greedy - to paraphrase WB
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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wote
#52 Posted : Friday, October 31, 2008 9:44:00 AM
Rank: Member

Joined: 10/18/2007
Posts: 217
K.Q's problem like i have stated time and again is purely management,get Naikuni out and things will improve. Ethiopian airways operating in the same conditions as KQ and only an hour away from KQ's hub of JKIAirport makes Profits of U$ 941 million despite increased fuel prices and stiff global competition.

wote
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Gordon Gekko
#53 Posted : Friday, October 31, 2008 12:21:00 PM
Rank: Elder

Joined: 5/27/2008
Posts: 3,760
The top line includes fuel surcharges,so the marginal growth in sales is really not for more passengers/cargo,but fuel recoveries. That then means that the numbers actually went down. Airline business is tough,but KQ can do better. Maybe management is the problem,in which case the new guys (COO,CFO) dont have a long honeymoon.
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jammo
#54 Posted : Friday, October 31, 2008 12:22:00 PM
Rank: Member

Joined: 2/12/2008
Posts: 345
Am thinkin to attend the next AGM...and make a serious point to ask 'HAS THE BOARD CONSIDERED TO REPLACE THE FREAKIN MD?..HE DOESN'T EMBODY THE VISION AND DREAMS OF THE SHARE HOLDER BUT IS 'MANAGING TO DIRECT' THE VALUE OF OUR INVESTMENT DOWN!'!

' I have heard of You,o Lord. Now mine eyes have seen thee!! Baal-Perazim.. The Lord of the Breakthrough!!'
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Evolve
#55 Posted : Friday, October 31, 2008 1:39:00 PM
Rank: Member

Joined: 9/25/2007
Posts: 96
@Wote

Where did you get your figures for Ethiopian airlines? The figures are totally wrong. Though KQs perfromance is wanting let us have the facts right.
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wote
#56 Posted : Friday, October 31, 2008 2:26:00 PM
Rank: Member

Joined: 10/18/2007
Posts: 217
Evolve.,what are your right figures? Because mine are there on their website and even in today's Business daily.

wote
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Evolve
#57 Posted : Friday, October 31, 2008 2:44:00 PM
Rank: Member

Joined: 9/25/2007
Posts: 96
@ Wote

9 months (2007/8) was projected at US$ 56.6m. This is a far cry from the figure you have quoted.
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McReggae
#58 Posted : Friday, October 31, 2008 2:46:00 PM
Rank: Elder

Joined: 6/17/2008
Posts: 23,365
Location: Nairobi
Hey wote,there is a difference between turnover and profits!!!!!

Make money.....then you will enjoy all the fine things in life!!!
..."Wewe ni mtu mdogo sana....na mwenye amekuandika pia ni mtu mdogo sana!".
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wote
#59 Posted : Friday, October 31, 2008 3:07:00 PM
Rank: Member

Joined: 10/18/2007
Posts: 217
Evolve,the figure given on page 21 of the business daily talks of U$941m and not $56m

wote
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wote
#60 Posted : Friday, October 31, 2008 3:17:00 PM
Rank: Member

Joined: 10/18/2007
Posts: 217
Yes McReggae,It actually says operating revenue up to U$941m dollars

wote
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