@Hisah very true but KQ hedges are at US$90 per Barrel
Here is an abstract from my blog post
Good news for KQ shareholders at least one of the pieces in the puzzle is out of the way. With them hedging at US$ 90/barrel that was a good move and it gives little hope that the end year financial statements might be better but note that the Cash Flow Hedges were -1.286B Ksh during the first half of the financial year when oil was trading below $90/barrel . The other pieces of the puzzle remain
1. We need more information on the capital raising exercise
2. More convicing passenger numbers
I expect the share price to remain depressed as the investors try to factor in the two issues
Entire article here feel free to comment
http://contrarianinvesti...at-us90-per-barrel.html