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Kenya Airways...why ignore..
Rank: Member Joined: 3/9/2010 Posts: 320 Location: kenya
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Kenya Airways will on Wednesday 21st March release its financial results for the period 1st April 2017 to 31st December 2017 Work hard at your job and you can make a living. Work hard on yourself and you can make a fortune.
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Rank: Elder Joined: 6/23/2009 Posts: 13,472 Location: nairobi
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Ericsson wrote:Ericsson wrote:obiero wrote:Ericsson wrote:Full year results will be released in two months time. So what's the new full year? March or December.. April 1 2017 to March 31 2018 Ahh it was supposed to be two weeks time not two months time. Year of 1st April 2017 -31 December 2017 I thought so too
HF 428,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 15,750 ABP 6.45
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Rank: Elder Joined: 6/23/2009 Posts: 13,472 Location: nairobi
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cyruskulei wrote:Kenya Airways will on Wednesday 21st March release its financial results for the period 1st April 2017 to 31st December 2017 Thanks @cyruskulei
HF 428,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 15,750 ABP 6.45
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Rank: Elder Joined: 6/23/2009 Posts: 13,472 Location: nairobi
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obiero wrote:HaMaina wrote:obiero wrote:HaMaina wrote:obiero wrote:HaMaina wrote:obiero wrote:VituVingiSana wrote:obiero wrote:That's massive can't possibly be the loss before tax. Maximum -7B There's no loss too massive for KQ... Losing 7Bn AFTER the loan restructuring? The restructuring became effective in the last quarter of the revised accounting period for KQ so all effects will carry over to Q1 JAN-MAR 2018 going forward I thought KQ Q1 was April-June It was changed at the last AGM If the agm was on 30th August 2017, then doesn't it mean the earliest any changes to the accounts quarters can be seen is 2019? It's possible to break the quarters and end the cycle as at 31.12.2017 In such a case, what happens to the half year July - December ? It can be declared an overlap with adequate notes on the reason behind the changes. The following paragraphs are taken from the IAS Plus summary of IAS 1 Comparative Information IAS 1 requires that comparative information shall be disclosed in respect of the previous period for all amounts reported in the financial statements, both face of financial statements and notes, unless another Standard requires otherwise. [IAS 1.36] If comparative amounts are changed or reclassified, various disclosures are required. [IAS 1.38] Reporting Period There is a presumption that financial statements will be prepared at least annually. If the annual reporting period changes and financial statements are prepared for a different period, the enterprise must disclose the reason for the change and a warning about problems of comparability. [IAS 1.49] Kesho ni kesho
HF 428,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 15,750 ABP 6.45
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Rank: Elder Joined: 6/23/2009 Posts: 13,472 Location: nairobi
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HF 428,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 15,750 ABP 6.45
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Rank: Elder Joined: 12/4/2009 Posts: 10,636 Location: NAIROBI
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@Obiero Kesho you have booked a seat at the venue kq will be announcing results Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 6/23/2009 Posts: 13,472 Location: nairobi
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Ericsson wrote:@Obiero
Kesho you have booked a seat at the venue kq will be announcing results A decent loss and the last one for the foreseeable future
HF 428,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 15,750 ABP 6.45
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Rank: Chief Joined: 1/3/2007 Posts: 18,050 Location: Nairobi
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obiero wrote:Ericsson wrote:@Obiero
Kesho you have booked a seat at the venue kq will be announcing results A decent loss and the last one for the foreseeable future What's a "decent loss"? Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Member Joined: 7/1/2014 Posts: 895 Location: sky
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Total overheads Kes. 15.5B Loss after tax Kes. 6.1 Operating profits 1.3B There are only two emotions in the stock market, fear and hope. The problem is, you hope when you should fear and fear when you should hope
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Rank: Member Joined: 11/7/2017 Posts: 186 Location: Nairobi
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Ericsson wrote:@Obiero
Kesho you have booked a seat at the venue kq will be announcing results We already know the results What we really want is the Open Offer...!
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Rank: Elder Joined: 9/20/2015 Posts: 2,811 Location: Mombasa
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https://www.reuters.com/...-shillings-idUSN6N1GS020John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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Rank: Elder Joined: 12/4/2009 Posts: 10,636 Location: NAIROBI
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Kenya Airways has changed its year end from March to December to match other airlines, and is announcing a 9 month year today - Chairman Michael Joseph Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 9/20/2015 Posts: 2,811 Location: Mombasa
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KQ share smashes 10/- bob crucial handle on unprecedented reverse gear following announcement of 9month financial performance in which kshs 6.1million after tax loss is reported . Market sentiment remains gloomy for Kenya's national carrier recovery process that many traders believe has delivered little. Wait and see attitude has now taken over as Open Offer is delayed in an all-out ploy to screw up existing minority shareholders. The stock has inevitably started trading on a single digit support expected at 5/- if delay of Open Offer persists. John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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Rank: Member Joined: 6/6/2016 Posts: 165 Location: Nairobi
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boarding this bus/plane is my biggest regret of 2017. even throwing that money into bitcoins would have been a riskier but better move
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Rank: Chief Joined: 1/3/2007 Posts: 18,050 Location: Nairobi
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snifadog wrote:boarding this bus/plane is my biggest regret of 2017. even throwing that money into bitcoins would have been a riskier but better move  Dear Sheeple, show me ONE other person other than @Obiero who had recommended KQ. Or a convincing argument for KQ. Of course, you were convinced by @obiero's inelegant arguments so... Good Luck! "...adding its performance was hurt by a prolonged election period and rising fuel prices."  Is there any excuse KQ has not used to justify its losses since 2012? Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 6/23/2009 Posts: 13,472 Location: nairobi
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VituVingiSana wrote:snifadog wrote:boarding this bus/plane is my biggest regret of 2017. even throwing that money into bitcoins would have been a riskier but better move Dear Sheeple, show me ONE other person other than @Obiero who had recommended KQ. Or a convincing argument for KQ. Of course, you were convinced by @obiero's inelegant arguments so... Good Luck! "...adding its performance was hurt by a prolonged election period and rising fuel prices." Is there any excuse KQ has not used to justify its losses since 2012? Elegance wachia bibi yako..
HF 428,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 15,750 ABP 6.45
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Rank: Chief Joined: 1/3/2007 Posts: 18,050 Location: Nairobi
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obiero wrote:VituVingiSana wrote:snifadog wrote:boarding this bus/plane is my biggest regret of 2017. even throwing that money into bitcoins would have been a riskier but better move Dear Sheeple, show me ONE other person other than @Obiero who had recommended KQ. Or a convincing argument for KQ. Of course, you were convinced by @obiero's inelegant arguments so... Good Luck! "...adding its performance was hurt by a prolonged election period and rising fuel prices." Is there any excuse KQ has not used to justify its losses since 2012? Elegance wachia bibi yako.. I have to admit that I was surprised that someone actually "invested" in KQ in 2017. I understand folks who have been in KQ since 2012 have Stockholm Syndrome BUT actually investing in KQ in 2017? Hats off to you! [I have had difficulty convincing folks to invest in quality firms like KK among others] Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Member Joined: 6/6/2016 Posts: 165 Location: Nairobi
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VituVingiSana wrote:snifadog wrote:boarding this bus/plane is my biggest regret of 2017. even throwing that money into bitcoins would have been a riskier but better move Dear Sheeple, show me ONE other person other than @Obiero who had recommended KQ. Or a convincing argument for KQ. Of course, you were convinced by @obiero's inelegant arguments so... Good Luck! "...adding its performance was hurt by a prolonged election period and rising fuel prices." Is there any excuse KQ has not used to justify its losses since 2012? you seem to have it in for flight captain obiero I was looking for a non dividend stock with a massive upside in 12-18 months frame. KQ was one of the best options available at the time. The constant shilling by obiero certainly helped too. am now left holding what crypto people call a 'bag' but it's all good.
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Rank: Elder Joined: 6/23/2009 Posts: 13,472 Location: nairobi
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snifadog wrote:VituVingiSana wrote:snifadog wrote:boarding this bus/plane is my biggest regret of 2017. even throwing that money into bitcoins would have been a riskier but better move Dear Sheeple, show me ONE other person other than @Obiero who had recommended KQ. Or a convincing argument for KQ. Of course, you were convinced by @obiero's inelegant arguments so... Good Luck! "...adding its performance was hurt by a prolonged election period and rising fuel prices." Is there any excuse KQ has not used to justify its losses since 2012? you seem to have it in for flight captain obiero I was looking for a non dividend stock with a massive upside in 12-18 months frame. KQ was one of the best options available at the time. The constant shilling by obiero certainly helped too. am now left holding what crypto people call a 'bag' but it's all good. I would not despair if I were you.. On the contrary you have a very good buy price at hand.. It's now or never
HF 428,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 15,750 ABP 6.45
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Rank: Chief Joined: 1/3/2007 Posts: 18,050 Location: Nairobi
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snifadog wrote:VituVingiSana wrote:snifadog wrote:boarding this bus/plane is my biggest regret of 2017. even throwing that money into bitcoins would have been a riskier but better move Dear Sheeple, show me ONE other person other than @Obiero who had recommended KQ. Or a convincing argument for KQ. Of course, you were convinced by @obiero's inelegant arguments so... Good Luck! "...adding its performance was hurt by a prolonged election period and rising fuel prices." Is there any excuse KQ has not used to justify its losses since 2012? you seem to have it in for flight captain obiero Not on a personal level but as the guy leading folks to slaughter? Yes
I was looking for a non dividend stock with a massive upside in 12-18 months frame. I understand but didn't you read the counter-arguments?
Many apart from myself had made them
KQ was one of the best options available at the time. The constant shilling by obiero certainly helped too. am now left holding what crypto people call a 'bag' but it's all good. Good Luck. It's the psychology that interests me! Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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