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Time to enter KQ?
seketes
#111 Posted : Tuesday, April 12, 2011 4:05:14 PM
Rank: New-farer

Joined: 9/17/2010
Posts: 35
Location: nairobi
Pierce wrote:
Any info on the date of this rights thing?? Still clutching at straws.

waiting for the last years financial year,any body with idea when it will hapen?
hisah
#112 Posted : Tuesday, April 12, 2011 5:39:26 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
Expensive oil will eat into the profitability in Q4. Also the impending rights issue does not support bullishness on this counter. I'd rather wait for the rights details to become clear and the CEO's statement on the outlook of 2011 - 2012 on results announcement...

When this stock finally rebounds, I expect it to reclaim the 60/- levels.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
the deal
#113 Posted : Tuesday, April 12, 2011 5:58:04 PM
Rank: Elder

Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
@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



Tommy
#114 Posted : Tuesday, April 12, 2011 6:24:07 PM
Rank: Veteran

Joined: 12/9/2010
Posts: 894
Location: Nairobi
todays kq volumes were very high, with 3m shares worth over 100m, i wonder who is buying and what this means. i think this looks enticing at this price for speculation
Don't wait for the Last Judgment. It happens every day. ~Albert Camus, The Fall, 1956
jerry
#115 Posted : Tuesday, April 12, 2011 7:00:19 PM
Rank: Elder

Joined: 9/29/2006
Posts: 2,570
Tommy wrote:
todays kq volumes were very high, with 3m shares worth over 100m, i wonder who is buying and what this means. i think this looks enticing at this price for speculation

>>It all depends on who is steering the stock; buyer or seller?
The opposite of courage is not cowardice, it's conformity.
invest0r
#116 Posted : Tuesday, April 12, 2011 9:36:15 PM
Rank: Member

Joined: 12/15/2010
Posts: 162
jerry wrote:
Tommy wrote:
todays kq volumes were very high, with 3m shares worth over 100m, i wonder who is buying and what this means. i think this looks enticing at this price for speculation

>>It all depends on who is steering the stock; buyer or seller?

foreigners were both on the buy and sell sides. very few local investors participated in the KQ trades. Most investors are still waiting for more info on the financing structure
mlennyma
#117 Posted : Wednesday, April 13, 2011 8:34:46 AM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
At one point the supply was 0 with low bids of demand,this is how a looming rights issue can hold a share at ransom.the faster they bring their plan,the better for the share.4now we are tied.
"Don't let the fear of losing be greater than the excitement of winning."
Pierce
#118 Posted : Wednesday, April 13, 2011 10:03:30 AM
Rank: Veteran

Joined: 3/16/2009
Posts: 1,464
What are the volumes looking like today?
mlennyma
#119 Posted : Wednesday, April 13, 2011 10:35:22 AM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
A paltry 23,600 as at 10.35am
"Don't let the fear of losing be greater than the excitement of winning."
invest0r
#120 Posted : Wednesday, April 13, 2011 10:52:57 AM
Rank: Member

Joined: 12/15/2010
Posts: 162
Highest mover as 10.50am with 300,000 shares worth KES9.81M changing hands.Applause
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