Down 0.25 to 36... I am holding on... coz I am confident that KQ will manage OK in this half. The NAV is 42 as of 30 Sep 2009. So at least it should get there...

30 Nov to 30 May = 6 months left to release of results
42(NAV) less 36(current price) = 6/-
6/36 = 16.6%

I can live with a 16.6% return in 6 months...

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

Was on KQ flight which was fully booked yesterday. They've improved on time performance. As the WC draws near the hype on this share will only increase. So maybe I should buy more now?

The damn thing is down to 33!!!! lol.. sold at 32... let me hope it drops to 29... please Captain lets land now.. YES!!!

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

just saw a story on CNBC where rumour mills have it that KQ could be considering buying out ET. Maybe some people might be well aware of such goings on and hence the strange unexplained rise in this stock. But being rumours at the moment I'm tempted to try and figure out whether this could be possible and if it is whether it makes business sense. My two cents,this might just remain to be nothing but rumours my reasons being:

1. last time I checked ET was not up for sale instead it has been pushing Kq's luck in the acquisition of smaller carriers on the continent,like their recent acquisition of Virgin Nigeria when KQ was courting Eagles. Ethiopia's greatest national symbol is not even its athletics stars but rather their national carrier. Ask ET pilots what happened to them when they tried to leave their jobs for greener pastures in drones. The government declared them national assets and as such if one opted to leave their job for another airline they would lose their citizenship. The ET government has pumped filthy sums of money in this company over the last couple of years just to keep it afloat and I doubt they would give in just as their efforts seem to be bearing fruit with the recent turn in the company's fortunes. This does not sound like a country willing to forfeit such a symbol.

besides while KQ has been struggling in recent years ET seems to be rediscovering itself and I almost find it laughable that KQ with its declining cash reserves would be considering acquiring a company much larger than itself. In my opinion a quick look at its changing balance sheet in the last three years might not be convincing enough for financiers to lend it the kind of money to pull such a feat,atleast not in the short term. If anyone has followed recent acquisitions and mergers in the industry they will agree with me that even if this was in the making,such arrangements take years to conclude and until they are almost finalised are kept under sworn secrecy.

But then again there might be some truth in all this,anyone with any info about it?




jer 29:11

back to 30...the american politics on world economy..the dubai effect i guess

It's a good buy @ 30 i believe

Hmmm... I look at the prices but it was at 32.75... Did I miss an opportunity to buy more at 30/-?

http://www.bloomberg.com/apps/news?pid=20601116&sid=ae3eMx5ufUjA

KQ was laughed at when it bid for Air Tanzania but KQ bought 49% of smaller airline (Precision Air).

2009 - Air Tanzania is almost dead while Precision Air is #1 in Tanzania.

@ectasy - jeddah is like a once/year deal during Ramadan. I think.

Juba - That is a market that need to be exploited! I understand the airport in Juba does not meet KQ's standards (sorta why they had stopped flying to Kisumu)

Ouagadougou - LOL... I can't even pronounce it!

Luanda - I am surprised KQ does not fly there but the Angola govt is very 'protective' of its local airline TAAG.

The 'light' are not really out.
Its actually a NOTAM (Notice to Air Men) from Kenya Civil Aviation Authority notifying all the airlines that use JKIA that the runway threshold lights at (JKIA) do not meet the minimum requirements for a safe night operations as required by ICAO.(International Civil Aviation Organization)

As a result of this and in conformity with their (Kenya Airways safety standards) they have decided to suspend all night operation into and out of JKIA.

This measure is to remain effective until advised otherwise by KCAA who are the regulatory authority in Kenya.
Otherwise its at the discretion of the operator...747 cargo planes operated all nyt taking off and landing....