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Kenya airways records 6.589bn 1H loss.
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mlennyma
#1 Posted : Tuesday, November 06, 2012 9:44:05 AM
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Joined: 7/21/2010
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Location: nairobi
http://af.reuters.com/ar...s/idAFN6E8HE00C20121106
"Don't let the fear of losing be greater than the excitement of winning."
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2012
#2 Posted : Tuesday, November 06, 2012 9:47:49 AM
Rank: Elder


Joined: 12/9/2009
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Location: Nairobi
Wow! That's HUGE!
It's time for Titus to do the 'honorable thing'.
Let's wait for it at 3/-

BBI will solve it :)
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mlennyma
#3 Posted : Tuesday, November 06, 2012 9:52:39 AM
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Surely whats left?its only 1H and expansion not working as anticipated.
"Don't let the fear of losing be greater than the excitement of winning."
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StatMeister
#4 Posted : Tuesday, November 06, 2012 9:56:57 AM
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Joined: 5/23/2010
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Location: La Islas Galápagos
I expected a loss, and factoring layoff costs, 1b. They have exceeded my expectations by far. They just lost all the money they made for last 10 years.

All these losses companies are making (kq, total, kk, marshals, cmc...), and the counters are still bullish, what is it am missing? How long will these struggling companies take.to reverse the losses?
A bad day fishing is better than a good day at work
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mlennyma
#5 Posted : Tuesday, November 06, 2012 10:17:33 AM
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http://af.reuters.com/ar...ws/idAFL5E8M61L520121106
"Don't let the fear of losing be greater than the excitement of winning."
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maina20
#6 Posted : Tuesday, November 06, 2012 11:00:35 AM
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Location: nairobi
http://www.businessdaily...18/-/ubqgpd/-/index.html
..desire to succeed is always fighting with fear of failure..
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youcan'tstopusnow
#7 Posted : Tuesday, November 06, 2012 11:36:58 AM
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Joined: 3/24/2010
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Location: Black Africa
Jeeez! Managed to 'beat' KK I see...;-)
GOD BLESS YOUR LIFE
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Aguytrying
#8 Posted : Tuesday, November 06, 2012 1:01:22 PM
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When the company files for bankruptcy in a few years is when most will realise, this is not a good company at this moment
The investor's chief problem - and even his worst enemy - is likely to be himself
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mlennyma
#9 Posted : Tuesday, November 06, 2012 1:27:01 PM
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There could be alot of worry about collapsing if the gvt was not a major share holder.
"Don't let the fear of losing be greater than the excitement of winning."
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guru267
#10 Posted : Tuesday, November 06, 2012 4:07:08 PM
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Joined: 1/21/2010
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i recently had a discussion about airlines with someone here! I lWonder where they are now! Sad
Mark 12:29
Deuteronomy 4:16
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Aguytrying
#11 Posted : Tuesday, November 06, 2012 4:58:07 PM
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guru267 wrote:
i recently had a discussion about airlines with someone here! I lWonder where they are now! Sad


murchr wrote:
guru267 wrote:
Ms Mkenya wrote:
This is the best time to buy..


Here's my humble advice... Don't mess with airline stocks!! bankruptcy is always the end result


Really....no...i dont think KQ is doing that badly. Its not a one size fits all scenario in the industry. look at Emirates and Etihad. Focus is key and knowing the market and I think KQ has that right.


@murchr do you notice how the airlines you have mentioned are few and are mainly from oil producing countries??

In the long run higher oil prices, higher competition, and huge huge debt burdens always lead airlines to losses and bankruptcies!!

Why invest in a sector where the odds are greatly stacked against you??
The investor's chief problem - and even his worst enemy - is likely to be himself
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Kausha
#12 Posted : Tuesday, November 06, 2012 5:46:21 PM
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Joined: 2/8/2007
Posts: 808
Airlines are efficiency set ups. Look at Ryanair, Emirates etc. efficiency par excellence!
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King G
#13 Posted : Tuesday, November 06, 2012 5:56:07 PM
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Joined: 6/20/2012
Posts: 3,855
Location: Othumo
WAH - KQ will kill guys. Though i have never trusted airlines; capital intensive, oil prices, FX, politics over routes! not my game

Sad Sad Sad
Thieves
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mlennyma
#14 Posted : Tuesday, November 06, 2012 6:32:18 PM
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Location: nairobi
Staff case coming tomoro or any date change?
"Don't let the fear of losing be greater than the excitement of winning."
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dunkang
#15 Posted : Tuesday, November 06, 2012 7:39:05 PM
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Joined: 6/2/2011
Posts: 4,818
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According to one Warren Buffet:

“How do you become a millionaire? Make a billion dollars and then buy an airline.”

LINK: Minute 2:30 of this youtube video

http://www.youtube.com/watch?v=P-GVuuK1-Io
Receive with simplicity everything that happens to you.” ― Rashi

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XSK
#16 Posted : Tuesday, November 06, 2012 7:58:35 PM
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Joined: 12/8/2009
Posts: 975
Location: Nairobi
maina20 wrote:
http://www.businessdailyafrica.com/Corporate+News/-/539550/1612818/-/ubqgpd/-/index.html


it's such a pity. Najihurumia! Which way Mr. Naikuni?
You will know that you have arrived when money and time are not mutually exclusive "events" in you life!
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murchr
#17 Posted : Wednesday, November 07, 2012 3:39:43 AM
Rank: Elder


Joined: 2/26/2012
Posts: 15,980
Aguytrying wrote:
guru267 wrote:
i recently had a discussion about airlines with someone here! I lWonder where they are now! Sad


murchr wrote:
guru267 wrote:
Ms Mkenya wrote:
This is the best time to buy..


Here's my humble advice... Don't mess with airline stocks!! bankruptcy is always the end result


Really....no...i dont think KQ is doing that badly. Its not a one size fits all scenario in the industry. look at Emirates and Etihad. Focus is key and knowing the market and I think KQ has that right.



@murchr do you notice how the airlines you have mentioned are few and are mainly from oil producing countries??

In the long run higher oil prices, higher competition, and huge huge debt burdens always lead airlines to losses and bankruptcies!!

Why invest in a sector where the odds are greatly stacked against you??


Any/Everyone could have predicted that KQ ould not do well. I must agree that the loss was huge, more than I expected but its not a loss that cant be recovered. So my view still stands, bankruptcy is not for KQ
"There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
.
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hisah
#18 Posted : Wednesday, November 07, 2012 6:22:37 AM
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Joined: 8/4/2010
Posts: 8,977
KQ has big bro GoK. So bankruptcy is not an option. Add IFC into the mix, bankruptcy becomes very unlikely...
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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guru267
#19 Posted : Wednesday, November 07, 2012 7:23:50 AM
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Location: Nairobi
hisah wrote:
KQ has big bro GoK. So bankruptcy is not an option. Add IFC into the mix, bankruptcy becomes very unlikely...


The only thing that GOK can protect against is liquidation! But when it comes to bankruptcy not even GOK can save KQ..

I hope @murchr et al. can see that 8 years worth of retained earnings have been wiped of the balance sheet... How they will recover that only God knows!

5bob per share pap!!
Mark 12:29
Deuteronomy 4:16
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murchr
#20 Posted : Wednesday, November 07, 2012 7:34:20 AM
Rank: Elder


Joined: 2/26/2012
Posts: 15,980
guru267 wrote:
hisah wrote:
KQ has big bro GoK. So bankruptcy is not an option. Add IFC into the mix, bankruptcy becomes very unlikely...


The only thing that GOK can protect against is liquidation! But when it comes to bankruptcy not even GOK can save KQ..

I hope @murchr et al. can see that 8 years worth of retained earnings have been wiped of the balance sheet... How they will recover that only God knows!

5bob per share pap!!


Keep dreaming
"There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
.
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