Wazua
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Kenya Airways FY 2012/13 after tax loss of 7.8bn
Rank: Veteran Joined: 3/16/2009 Posts: 1,464
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hisah wrote:VWAP currently 8.85 and likely to close sub 9/- Sad this in a bullish period spanning from May 2012... Guys, At some point we were talking of Sub 8/-. Is it wise to still wait or buy now?
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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Pierce wrote:hisah wrote:VWAP currently 8.85 and likely to close sub 9/- Sad this in a bullish period spanning from May 2012... Guys, At some point we were talking of Sub 8/-. Is it wise to still wait or buy now? Chart pattern is still bearish. Just like mumias. Wait for H1 results as a preview of what to expect.$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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Zimbabwe and Zambia will be co-hosting the UNWTO General Assembly at the Victoria Falls from 23rd-29th of August. Will probably be a shot in the arm for KQ in the near term.
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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Cde Monomotapa wrote:Zimbabwe and Zambia will be co-hosting the UNWTO General Assembly at the Victoria Falls from 23rd-29th of August. Will probably be a shot in the arm for KQ in the near term. The world comes to Zim…as UNWTO kicks-off: "Other airlines that will ferry participants for the convention include Emirates, KLM, Ethiopian, Kenya Airways, Air Namibia, and Egypt Airways" http://www.sundaymail.co...Itemid=133#.UhbUK-_z3lV
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Rank: Member Joined: 8/30/2010 Posts: 183 Location: Migingo
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I have seen some analysts consensus. KQ is a BUY. Don't Work for Money, Let Money Work for You..
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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georgegop wrote:I have seen some analysts consensus. KQ is a BUY. which analysts and what's their respective targets?
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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Cde Monomotapa wrote:Cde Monomotapa wrote:Zimbabwe and Zambia will be co-hosting the UNWTO General Assembly at the Victoria Falls from 23rd-29th of August. Will probably be a shot in the arm for KQ in the near term. The world comes to Zim…as UNWTO kicks-off: "Other airlines that will ferry participants for the convention include Emirates, KLM, Ethiopian, Kenya Airways, Air Namibia, and Egypt Airways" http://www.sundaymail.co...Itemid=133#.UhbUK-_z3lV ^Most well attended GA btw. ION, now that KQ is directly looking East (China), iko kazi.
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Rank: Elder Joined: 6/23/2009 Posts: 13,555 Location: nairobi
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Pierce wrote:hisah wrote:VWAP currently 8.85 and likely to close sub 9/- Sad this in a bullish period spanning from May 2012... Guys, At some point we were talking of Sub 8/-. Is it wise to still wait or buy now? If u have to ask. Then u'd better not buy..
HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Elder Joined: 6/20/2012 Posts: 3,855 Location: Othumo
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mwekez@ji wrote:georgegop wrote:I have seen some analysts consensus. KQ is a BUY. which analysts and what's their respective targets? Weka rink! Thieves
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Rank: Member Joined: 8/30/2010 Posts: 183 Location: Migingo
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Rank: Member Joined: 1/29/2011 Posts: 257
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georgegop wrote:I have seen some analysts consensus. KQ is a BUY. Interesting read by @the dealKenya Airways…No take off as some headwinds persistHe says: "I hereby cut my target price further, from my previous target price of Ksh11 to Ksh7 which is 35% lower than the current price of Ksh9.50 at the NSE" "All intelligent investing is value investing -- acquiring more than you are paying for. You must value the business in order to value the stock." - Charlie Munger.
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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Interesting. Have you bought any of those reports. pls send us, wazua@googlegroups.com cc 2mwekezaji@gmail.com
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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earthvoice wrote:georgegop wrote:I have seen some analysts consensus. KQ is a BUY. Interesting read by @the dealKenya Airways…No take off as some headwinds persistHe says: "I hereby cut my target price further, from my previous target price of Ksh11 to Ksh7 which is 35% lower than the current price of Ksh9.50 at the NSE" Good report @the deal ... Its very sad that the said analysts (in the buy consensus) are pumping this stock knowing so well that its still far from getting out of the woods. Expectations of a loss in the current financial year says it all
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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... & @the deal, you may consider selling your report to reuters. Chaps are buying a report there at KES 11K!!!
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Rank: Member Joined: 2/18/2011 Posts: 448
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mwekez@ji wrote:earthvoice wrote:georgegop wrote:I have seen some analysts consensus. KQ is a BUY. Interesting read by @the dealKenya Airways…No take off as some headwinds persistHe says: "I hereby cut my target price further, from my previous target price of Ksh11 to Ksh7 which is 35% lower than the current price of Ksh9.50 at the NSE" Good report @the deal ... Its very sad that the said analysts (in the buy consensus) are pumping this stock knowing so well that its still far from getting out of the woods. Expectations of a loss in the current financial year says it all @mwekezaji am with you on this....some quarters are portraying a donkey as a horse. Bado mapambano with KQ.
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Rank: Member Joined: 2/8/2007 Posts: 808
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I am stillwaiting for KQ to raid the Exchequer over the next 12 -15 months unless a miracle happens. I can't see them not doing so if they make a loss again. From estimates the raid could be between 15B to 30B due to last year's loss!
Just wondering what analyst are talking about. Probably rolling forward their models at their home pubs. Casual Q&A with management would change a lot of those recomms!
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Rank: Member Joined: 2/18/2011 Posts: 448
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Kausha wrote:I am stillwaiting for KQ to raid the Exchequer over the next 12 -15 months unless a miracle happens. I can't see them not doing so if they make a loss again. From estimates the raid could be between 15B to 30B due to last year's loss!
Just wondering what analyst are talking about. Probably rolling forward their models at their home pubs. Casual Q&A with management would change a lot of those recomms! Think that raid might be sooner; remember a few months GoK assuring the public that they shall not allow KQ to fall. Perhaps they were shown the not so good numbers and are almost certainly sure of a bail out.....i found that announcement quite strange Oh and there is a subtle increase in fares,not sure if its the high season demand or if its to cover some of the anticipated loss.
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Rank: Chief Joined: 1/3/2007 Posts: 18,124 Location: Nairobi
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From April 2012. And to think folks bought more shares in KQ during the Rights Issue! http://coldtusker.blogsp...ya-airways-rip-off.html
FACTS:
titus naikuni, the CEO, has ZERO shares in KQ. Sufuri, Nada, Zilch. Hakuna!
alex mbugua, the CFO, has 6,054 shares in KQ worth KES 84,750 (at 14/- each)
The 2 Executive Directors compensation for 2010-11 was KES 66,000,000/-
The Net Asset Value per Share = KES 50
Rights Issue Price = 14/-
Rights Offer Entitlement: 16:5 (That's 3.2 'new' shares to be paid for for each 1 held)
So whereas titus and alex are paid KES 5.5 MILLION per month by KQ between them they have shares worth 85,000/-.
That's a decimal point of a decimal point. The salaries are not affected by how much Shareholder Value they destroy.
KQ's Net Asset Value as of 31st March 2011 (Last Audited Accounts) was KES 23,090,000,000 which divided by 461,615,484 shares = KES 50/- (NAV/Share)
The Board of Directors (excluding 'corporate directors' viz Treasury/Govt of Kenya & KLM) have less than 25,000 shares. The largest chunk is 10,090 held by the chairman.The BoD got benefits & fees of KES 12 Million in 2010-11 (12 months) So the BoD which owns a piddling (less than) 25,000 shares worth (at 14/-) max market value value of 350,000/- ... decided to sell Rights at 14/- at a ratio of 16:5 (3.2:1). Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 3/2/2009 Posts: 26,328 Location: Masada
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Buy this thing if you have some loose cash, its a steal at Kes. 9.50...it will hit 14 by Oct when they announce their positive HY results! Take my words. Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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Rank: Member Joined: 2/8/2007 Posts: 808
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Expect request to echequer sooner than later.
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Kenya Airways FY 2012/13 after tax loss of 7.8bn
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