I am waiting for the pdf. EABL does the best information dissemination.

* Yep,KQ was screwed. Poor financial advice from their financial advisors.
** They still have 210,000 mt spread over 1.5 years (31 Dec 2010) @ $110
*** Current price of oil is $68 ($50 or so on 31 March 2009)... implying an approx $28mn gain. Whatever good that does...
**** Monitoring by KQ must be done regularly. Bad advice did the rest... If I were CFO,I would have loaded up at $35-40 for current year use as well as a hedge against the hedge.
***** I did suggest that to a senior KQ manager that $37 was unsustainable considering the noises OPEC was making.
****** Rolling hedges are what they do but not for 100%. KQ's financial advisers dropped the ball.

####As regards Naikuni,expect a lot of opposition during the AGM. I miss the former CFO (an experienced hand in the airline business... Neil Canty)

Greedy when others are fearful,Very fearful when others are greedy - to paraphrase WB

The devil is in the details... read the thread from the beginning. And the dividend payout is not 20% (using the 'nominal' value means nothing)

Greedy when others are fearful,Very fearful when others are greedy - to paraphrase WB

guys we are screwed

according to my understanding about IAS 39 ( treatment of unrealised gains & losses)
it contradicts with hedge in that hedge is a contract to be excuted in future by the parties undersigned. so by this KQ has lost it for this year & next year they need not to beat around the bush by faking it it has happened & the have to abide by the contract.

If you judge people,you have no time to learn.

What are the actual figures? Capital says 4.1B and Nation puts it at 5.6B?

But again this is KENYA! Proudly!

if the incompetent and the reckless compete,the result is a disaster.. MN

kizee....5.66B what????

I got information it was a loss but didn't expect such a huge figure....please confirm!!!!!


The chief value of money lies in the fact that one lives in a world in which it is overestimated.