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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: 4,818
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
madollar
#11 Posted : Wednesday, June 13, 2012 2:44:53 PM
Rank: Veteran


Joined: 11/17/2009
Posts: 2,038
Location: GA
easy jet plans to replicate the african strategy implemented by kenya airways .some serious competition here.
for them to succeed they need to hire the right management team that understand the african market .

"There is a significant shortage of direct point-to-point flying within the continent, particularly with west Africa. It is very difficult to get from capital city to capital city."

http://www.guardian.co.u...african-airline-fastjet

hisah
#12 Posted : Wednesday, June 13, 2012 2:46:48 PM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
[quote=the deal]
"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...s/idAFJOE85C03620120613[/quote]
Let the price wars begin smile
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
mlennyma
#13 Posted : Wednesday, June 13, 2012 4:30:05 PM
Rank: Elder


Joined: 7/21/2010
Posts: 6,184
Location: nairobi
Buying kq was my worst decision i ever made on the nse.
"Don't let the fear of losing be greater than the excitement of winning."
Aguytrying
#14 Posted : Wednesday, June 13, 2012 6:06:00 PM
Rank: Elder


Joined: 7/11/2010
Posts: 5,040
mlennyma wrote:
Buying kq was my worst decision i ever made on the nse.


me too. selling it at a huge loss and putting my money elsrwhere was a wise move.
The investor's chief problem - and even his worst enemy - is likely to be himself
QW25091985
#15 Posted : Wednesday, June 13, 2012 6:09:32 PM
Rank: User


Joined: 1/24/2012
Posts: 1,675
Location: In Da Hood
Aguytrying wrote:
mlennyma wrote:
Buying kq was my worst decision i ever made on the nse.


me too. selling it at a huge loss and putting my money elsrwhere was a wise move.



did you really have too ? asin really really !!!!!
kyt
#16 Posted : Wednesday, June 13, 2012 7:06:10 PM
Rank: Elder


Joined: 11/7/2007
Posts: 2,182
QW25091985 wrote:
Aguytrying wrote:
mlennyma wrote:
Buying kq was my worst decision i ever made on the nse.


me too. selling it at a huge loss and putting my money elsrwhere was a wise move.



did you really have too ? asin really really !!!!!

QWwhen you say really what do you mean "really"?
LOVE WHAT YOU DO, DO WHAT YOU LOVE.
guru267
#17 Posted : Wednesday, June 13, 2012 7:12:47 PM
Rank: Elder


Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
kyt wrote:
QW25091985 wrote:
Aguytrying wrote:
mlennyma wrote:
Buying kq was my worst decision i ever made on the nse.


me too. selling it at a huge loss and putting my money elsrwhere was a wise move.



did you really have too ? asin really really !!!!!

QWwhen you say really what do you mean "really"?


I was gonna ask the same thing..
Mark 12:29
Deuteronomy 4:16
Aguytrying
#18 Posted : Wednesday, June 13, 2012 11:25:08 PM
Rank: Elder


Joined: 7/11/2010
Posts: 5,040
QW25091985 wrote:
Aguytrying wrote:
mlennyma wrote:
Buying kq was my worst decision i ever made on the nse.


me too. selling it at a huge loss and putting my money elsrwhere was a wise move.



did you really have too ? asin really really !!!!!


I really really had to. looking back it was the best decision. put the money in KK and thats set to double. It was less than 10% of my portfolio so little effect overall.
The investor's chief problem - and even his worst enemy - is likely to be himself
VituVingiSana
#19 Posted : Thursday, June 14, 2012 3:36:30 AM
Rank: Chief


Joined: 1/3/2007
Posts: 18,129
Location: Nairobi
Aguytrying wrote:
QW25091985 wrote:
Aguytrying wrote:
mlennyma wrote:
Buying kq was my worst decision i ever made on the nse.


me too. selling it at a huge loss and putting my money elsrwhere was a wise move.



did you really have too ? asin really really !!!!!


I really really had to. looking back it was the best decision. put the money in KK and thats set to double. It was less than 10% of my portfolio so little effect overall.
Example: 1 KQ share was 30/- when KK was 10/- but now KQ is 14/- but KK will be 20/- (Kestrel)

So:

KQ 30/- is now 14/-
KK 30/- is now 60/-

Good move!
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
QW25091985
#20 Posted : Thursday, June 14, 2012 7:52:11 AM
Rank: User


Joined: 1/24/2012
Posts: 1,675
Location: In Da Hood
averaging down is the only solution here. coz i cannot imagine selling
and bytheway we are in an uptrend in the market so maybe its just a matter of time before some buyers show up !!!!
being hopless in a bull market isnt justified !
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