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Kenya Airways...why ignore..
VituVingiSana
#15441 Posted : Tuesday, August 20, 2024 11:52:43 PM
Rank: Chief


Joined: 1/3/2007
Posts: 18,077
Location: Nairobi
obiero wrote:
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

What GoK giveth, GoK can taketh. Laughing out loudly

So has KQ declared a dividend?
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
HaMaina
#15442 Posted : Wednesday, August 21, 2024 11:46:52 AM
Rank: Veteran


Joined: 4/23/2014
Posts: 905
Kenya Airways Posts Profit For the First Time in 11 Years
“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
#15443 Posted : Wednesday, August 21, 2024 1:47:08 PM
Rank: Elder


Joined: 6/23/2009
Posts: 13,484
Location: nairobi
VituVingiSana wrote:
obiero wrote:
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

What GoK giveth, GoK can taketh. Laughing out loudly

So has KQ declared a dividend?

Chief wacha uchokozi. Dividend not possible at the moment

HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
VituVingiSana
#15444 Posted : Monday, September 02, 2024 12:36:52 AM
Rank: Chief


Joined: 1/3/2007
Posts: 18,077
Location: Nairobi
https://www.businessdail...ares-swap-offer-4746844

Which bank will agree to swap debt [which they may be able to collect slowly] for more worthless shares?
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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