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of Kenya Airways and the misinformed retail traders..
ProverB
#1 Posted : Wednesday, August 25, 2010 11:13:26 AM
Rank: Veteran


Joined: 3/12/2010
Posts: 1,199
Location: Eastlander
KQ posted their full year results for period ended March 31st yesterday..took a whole lot of advert space..

at a time when not very many kenyans remembered the had published them in june..

and again..furore thanx to the "Amazing" growth in EPS.. investors stuck on valuing shares based on p/e ratio must have been beside themselves with glee!! Low P/e.. expanding business..smooth talking CEO.. crap!.. and the share touches high of 52.00!!!

Anyway.. intersting piece of infor..

http://www.businessdaily...-/12t1qk7z/-/index.html


Business Daily wrote:
Kenya Airways is NAS’s biggest client. The company caters for all KQ flights at Jomo Kenyatta International Airport (JKIA).

The airlines were reluctant to give details on how much more they would incur on operating costs, linked to weight and cargo space.

“We have to accommodate the extra weight when flying into Nairobi but cannot say how much it is right now,” Mr Mawadri said.

If the staff eventually acted, the action was expected to have a major impact on NAS’s business that has been thriving as Nairobi grows as a major aviation hub in East Africa and entire continent mainly driven by the expansion of Kenya Airways.

Efforts to get comments from the catering group did not bear fruits as the firm had not responded to requests by the time we went to press.

..Let your light so shine before men, that they may see your good works, and glorify your Father which is in heaven...Matt5:16
- 1769 Oxford King James Bible 'Authorized Version
winston
#2 Posted : Wednesday, August 25, 2010 11:24:59 AM
Rank: Member


Joined: 4/14/2010
Posts: 806
Location: Nairobi
What's up with the NAS? In today's nation a number of staff have been charged in court for placing pins in food packed for airlines customers!
Impunity
#3 Posted : Wednesday, August 25, 2010 11:34:25 AM
Rank: Elder


Joined: 3/2/2009
Posts: 26,328
Location: Masada
winston wrote:
What's up with the NAS? In today's nation a number of staff have been charged in court for placing pins in food packed for airlines customers!


Reminds me of Tom and Jerry cartoon where Jerry place some tooth picks in a cake and hand over the cake to Tom; God you could see the toth picks going down Tom's narrow throat.So painful indeed!!!

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Portfolio: Sold
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Gordon Gekko
#4 Posted : Wednesday, August 25, 2010 11:58:16 AM
Rank: Elder


Joined: 5/27/2008
Posts: 3,760
@ProverB, tis a simple requirement that all shareholders must receive an agenda and a set of accounts prior to the AGM. They have saved the shareholder the costs of printing and mailing that glossy brochure, which will be available to any shareholder who wants at the AGM.
mwenza
#5 Posted : Wednesday, August 25, 2010 12:17:29 PM
Rank: Elder


Joined: 4/22/2009
Posts: 2,863
Gordon Gekko wrote:
@ProverB, tis a simple requirement that all shareholders must receive an agenda and a set of accounts prior to the AGM. They have saved the shareholder the costs of printing and mailing that glossy brochure, which will be available to any shareholder who wants at the AGM.



The message @Proverb is passing is that some stupid fools thought that KQ was releasing the finacial report for the first time yesterday.
IF YOU EXPECT ME TO POST ANYTHING POSITIVE ABOUT ASENO, YOU MAY AS WELL SIT ON A PIN
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