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Kenya Airways 1H14 records PAT of Kes. 384M
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Siringi
#1 Posted : Wednesday, November 13, 2013 9:34:38 AM
Rank: Elder


Joined: 6/8/2013
Posts: 2,517
true story


"😖😡KQ makes money for everyone except the shareholder 😏😏 " overheard in Wazua
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Sufficiently Philanga....thropic
#2 Posted : Wednesday, November 13, 2013 9:40:03 AM
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Joined: 9/23/2010
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Location: Sundowner,Amboseli
Siringi wrote:
true story



smile
@SufficientlyP
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mwekez@ji
#3 Posted : Wednesday, November 13, 2013 10:04:22 AM
Rank: Chief


Joined: 5/31/2011
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Sufficiently Philanga....thropic wrote:
Siringi wrote:
true story



smile

smile
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kollabo
#4 Posted : Wednesday, November 13, 2013 10:07:31 AM
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Joined: 2/3/2012
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Siringi wrote:
true story




Applause Very good news
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mwekez@ji
#5 Posted : Wednesday, November 13, 2013 10:10:13 AM
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Joined: 5/31/2011
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Kenya Airways has reported a net profit of KES 384.0m in 1H14 from a loss of 4.8bn in 1H13. The improvement in performance was driven by a 9.0% y/y rise in revenues as well as an improvement in the company’s operating profit margin from -11.1% to 3.2% in 1H14. Direct costs declined 6.6% y/y despite the 9.0% y/y increase in revenues which resulted in a 1,021bps increase in the contribution margin to 31.4%. Overheads also declined 7.5% y/y to KES 9.4bn following the restructuring exercise last year. Net finance costs have increased 3 times to KES 726.0m largely due to acquisition of new airplanes during the period. (Source; Business Daily, Kestrel Research)
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mwekez@ji
#6 Posted : Wednesday, November 13, 2013 10:13:33 AM
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And board extends Naikuni's contract by 1 year as it looks for a suitable replacement http://www.businessdailyafrica....88/-/ek6e98/-/index.html
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mwekez@ji
#7 Posted : Wednesday, November 13, 2013 10:20:09 AM
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The gearing is mind boggling ... chaps have now paid Kes. 1.214B in interest (up from Kes. 0.959B in 1H13)
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hisah
#8 Posted : Wednesday, November 13, 2013 10:59:26 AM
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Joined: 8/4/2010
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Profit recovery plus Naikuni retiring should see the stock rally getting solid legs... smile
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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VituVingiSana
#9 Posted : Wednesday, November 13, 2013 11:24:16 AM
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mwekez@ji wrote:
And board extends Naikuni's contract by 1 year as it looks for a suitable replacement http://www.businessdailyafrica....88/-/ek6e98/-/index.html
Is that the primary reason for the rise in the price?
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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muganda
#10 Posted : Wednesday, November 13, 2013 11:25:30 AM
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Joined: 9/15/2006
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I was wondering how the numbers will add up. Considering seat capacity and uptake year-on-year remained the same...
- a boon of 5b Kshs in revenue probably due to fuel surcharge
- add a little 450m from financing/derivatives
- profit before tax 548m

If trailing EPS is now 0.26 how far can the share price really go based on fundamentals?
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mwekez@ji
#11 Posted : Wednesday, November 13, 2013 12:02:36 PM
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Joined: 5/31/2011
Posts: 5,121
VituVingiSana wrote:
mwekez@ji wrote:
And board extends Naikuni's contract by 1 year as it looks for a suitable replacement http://www.businessdailyafrica....88/-/ek6e98/-/index.html


Is that the primary reason for the rise in the price?


Thinking that pia. The financial performance and operating statistics are not stunning
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Kausha
#12 Posted : Wednesday, November 13, 2013 12:06:02 PM
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Joined: 2/8/2007
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This is likely to be a full year loss or same bottom line at best at year end. Post Westgate Cancellations and travel advisories are likely to undo 1st Half Results.

Tungoje tuone. Just disembarked from the bus and moving on to other stocks. It's been a great ride from the single digits.
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VituVingiSana
#13 Posted : Wednesday, November 13, 2013 12:35:13 PM
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Kausha wrote:
This is likely to be a full year loss or same bottom line at best at year end. Post Westgate Cancellations and travel advisories are likely to undo 1st Half Results.

Tungoje tuone. Just disembarked from the bus and moving on to other stocks. It's been a great ride from the single digits.
Nicely done. I dis-embarked at high 13s. Never got back on. I have my wagon hitched to KK. That takeover/sale (or superlative performance) better happen sooner than later!
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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murchr
#14 Posted : Wednesday, November 13, 2013 3:14:57 PM
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Joined: 2/26/2012
Posts: 15,980
hisah wrote:
Profit recovery plus Naikuni retiring should see the stock rally getting solid legs... smile


I hear you.......As for those who are yet to learn. KQ is a global company...it follows the trends of the other airlines. That was a relatively good year for aviation.

@hisah, have u seen the books? Any hedging?
"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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young
#15 Posted : Wednesday, November 13, 2013 3:42:14 PM
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Joined: 6/20/2007
Posts: 2,037
Location: Lagos, Nigeria
@Obiero,

I hope you are happy now ?
For your joy to be full wait for a while do not jump boat too soon, think of exit circa 20 - 30 bob.
Those that bought KK low will also smile soon when it touches 10 bob and breaks barrier bearing in mind anticipated improved earnings.


Note:- I do not own KQ /KK shares and do not intend to buy now or in the future as I take those counters as too risky for the long term.
The wazua spirit as members is to educate and inform and learn from others within the limit of what we know in any chosen area irrespective of our differences in tribes, nationalities, etc. .
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ProverB
#16 Posted : Wednesday, November 13, 2013 4:22:33 PM
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Joined: 3/12/2010
Posts: 1,199
Location: Eastlander
mwekez@ji wrote:
Kenya Airways has reported a net profit of KES 384.0m in 1H14 from a loss of 4.8bn in 1H13. The improvement in performance was driven by a 9.0% y/y rise in revenues as well as an improvement in the company’s operating profit margin from -11.1% to 3.2% in 1H14. Direct costs declined 6.6% y/y despite the 9.0% y/y increase in revenues which resulted in a 1,021bps increase in the contribution margin to 31.4%. Overheads also declined 7.5% y/y to KES 9.4bn following the restructuring exercise last year. Net finance costs have increased 3 times to KES 726.0m largely due to acquisition of new airplanes during the period. (Source; Business Daily, Kestrel Research)


..for the first time since 2002... commendable change in Operating margins... now, how to make it sustainable..

..for all y'all Intelligent Investors..and O'Shaugnessy enthusiasts.. you will note KQ is a solid investment deal if it sustains growth of Operating Margins for 3 years.. making the share at current status rather risky since you cannot guarantee trajectory of operating margins.

..as stated back in 2010.. suitable..bankable operating margins ought to be atleast 12.5%...plus growing revenues..and less dividends..and slightly illiquid.. all this to ensure value for shareholders in the long run.

sigh. Naikuni leaving..the best news yet. smileWill for sure hold a minute of silence for this is second only to Moi handing over to Baba Jimmy. I'm quite a happy dude today.

..even so...KQ is quite an awesome speculation opportunity..until actual financial facts over next 2 years remain positive...which is unlikely...but price run might maintain thanks to greed and ignorance that larks over our bourse. I'm talking to those who regard "short - term" to mean 3 years..time to speculate away. smile
..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
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obiero
#17 Posted : Wednesday, November 13, 2013 5:01:24 PM
Rank: Elder


Joined: 6/23/2009
Posts: 13,555
Location: nairobi
murchr wrote:
hisah wrote:
Profit recovery plus Naikuni retiring should see the stock rally getting solid legs... smile


I hear you.......As for those who are yet to learn. KQ is a global company...it follows the trends of the other airlines. That was a relatively good year for aviation.

@hisah, have u seen the books? Any hedging?

@murchr. i knew it would be good and the full year shall be better..
@young. i am in this for the mid term. KQ can reach even 30 but I shall leave at KES 17 or thereabouts

HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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CASHFLOW202
#18 Posted : Wednesday, November 13, 2013 6:43:34 PM
Rank: New-farer


Joined: 4/6/2013
Posts: 95
obiero wrote:
murchr wrote:
hisah wrote:
Profit recovery plus Naikuni retiring should see the stock rally getting solid legs... smile


I hear you.......As for those who are yet to learn. KQ is a global company...it follows the trends of the other airlines. That was a relatively good year for aviation.

@hisah, have u seen the books? Any hedging?

@murchr. i knew it would be good and the full year shall be better..
@young. i am in this for the mid term. KQ can reach even 30 but I shall leave at KES 17 or thereabouts

this stock is a nice buys jst like KK is as they are both TA n i lv TAs jst like longhorn made me an ROI of 68%
Monopoly was the industrial age money game and the name of the new game of money today in the information age is CASHFLOW
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obiero
#19 Posted : Wednesday, November 13, 2013 7:33:55 PM
Rank: Elder


Joined: 6/23/2009
Posts: 13,555
Location: nairobi
im up 28% on this counter wit some of my KQ buys this year as low as 9.2! buy low, sell high. its simple!

HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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mwekez@ji
#20 Posted : Thursday, November 14, 2013 10:50:25 AM
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Joined: 5/31/2011
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