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Kenya Airways 2011/12 Financial Results
mwekez@ji
#1 Posted : Wednesday, June 13, 2012 8:13:04 AM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
StatMeister wrote:
hisah wrote:
Aguytrying wrote:
GenghisCapitalLtd wrote:
KQ to announce their Full Year results on 14th June 2012. What numbers do you expect taking into account the profit warning issued!


2 billion shs net profit. A 42% drop.

Fuel bill, strong KES (reduced fx gains on euro and dollar), tourism slowdown especially from eurozone for obvious reasons; I think 42% profit dip is quite optimistic. Should be more than 50%.


Oil prices were going down, hence hedging losses left, right and centre.


This counter has absorbed plenty of negative info. Even a LOSS wont shock
mwekez@ji
#2 Posted : Wednesday, June 13, 2012 8:21:41 AM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
The shareholders have only known of bear since the counter hit KES 64.5 on 16th March 2010. Thats 78.29% drop!!!
Aguytrying
#3 Posted : Wednesday, June 13, 2012 8:24:00 AM
Rank: Elder

Joined: 7/11/2010
Posts: 5,040
@mwekezaji. i think it will take more beating. the number of shares in supply when rights start trading will ensure this if nothing else.
The investor's chief problem - and even his worst enemy - is likely to be himself
mwekez@ji
#4 Posted : Wednesday, June 13, 2012 8:55:57 AM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
@Aguy, Institutional investors must be owning over 90% of KQ. Thats an informed group. Wanjiku can capitulate, institutionals wont.
ProverB
#5 Posted : Wednesday, June 13, 2012 10:46:35 AM
Rank: Veteran

Joined: 3/12/2010
Posts: 1,199
Location: Eastlander
I just logged in to confirm that this stock is crap!
...atleast Olympia Capital has the decency of accepting they are crap..something Naikuni ought to accede to.


Anyway..that said..the confidence of the Finance Director in pursuin debt when fortunes are glimmer this year than previous years..and unlikely to improve next year, is puzzling...

on the profit warning...blaming Tourism figures and yet Ministry of Tourism is excited by the said tourism figures is laughable...at best.. sad counter indeed..as is the blaming "hedging" si two years ago they were so exited about their "hedging" plans? Kwani at what point will the Management accede to the fact that the Company's efficiency levels are crap...and that they are spending too much on Publicity to a population that is unlikely to fly them?
...plus cheaper transit rates per passenger while spending more per passenger than other airlines is NEVER a winning formula!

Atleast the excuse that other airlines are from Oil rich nations will not hold much further with oil find in Turu but same inefficiencies are likely to remain..


...still maintain...not worth touching unless below 9Bob
..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
kyt
#6 Posted : Wednesday, June 13, 2012 11:01:52 AM
Rank: Elder

Joined: 11/7/2007
Posts: 2,182
i think 9 is printable given the aparthy on this counter.
LOVE WHAT YOU DO, DO WHAT YOU LOVE.
ProverB
#7 Posted : Wednesday, June 13, 2012 11:09:33 AM
Rank: Veteran

Joined: 3/12/2010
Posts: 1,199
Location: Eastlander
i have a feeling next year wata-blame MRA!
..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
dunkang
#8 Posted : Wednesday, June 13, 2012 11:44:07 AM
Rank: Elder

Joined: 6/2/2011
Posts: 4,824
Location: -1.2107, 36.8831
IATA's 2012 profit forecast dips 14.3% to $3 billion

IATA projected Tuesday that the world's airlines will earn aggregate net income of $3 billion in 2012, 14.3% below its industry profit forecast for the year issued in December and 38.8% lower than the $4.9 billion profit it predicted for 2012 last September.

http://www.bbc.co.uk/news/business-13660170

http://forums.jetcareers...4-3-to-3-billion.137632/
Receive with simplicity everything that happens to you.” ― Rashi

Aguytrying
#9 Posted : Wednesday, June 13, 2012 12:18:42 PM
Rank: Elder

Joined: 7/11/2010
Posts: 5,040
mwekez@ji wrote:
@Aguy, Institutional investors must be owning over 90% of KQ. Thats an informed group. Wanjiku can capitulate, institutionals wont.


thats the same thing ppl thought after kplc rights issue. has that prevented the counter from going way below rights price?
kq is a monkey(for now)
The investor's chief problem - and even his worst enemy - is likely to be himself
the deal
#10 Posted : Wednesday, June 13, 2012 2:10:50 PM
Rank: Elder

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

"We will fly between Kenya, Tanzania, Ghana and Angola and the average fare will be $70-$80. We should be flying by the end of the year," he said, adding Fastjet would expand across Africa to become the first low-cost pan-African airline.

http://af.reuters.com/ar...ws/idAFJOE85C03620120613
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