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Kenya Airways FY 2014 loss of 4.8bn!!!

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target1360		#41 Posted : Wednesday, June 25, 2014 8:10:42 PM
Rank: Member Joined: 5/14/2014 Posts: 289 Location: nairobi		That is what happens when you appoint politicians to manage your hard earned cash. I find satisfaction in owning great business,not trading them
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Akenyan2014		#42 Posted : Wednesday, June 25, 2014 8:47:18 PM
Rank: Member Joined: 5/6/2014 Posts: 268 Location: Nairobi, Kenya		For some reason wazuans decided to apply mob justice on this one. Same was done to Safaricom years back when it was indeed posting profits: http://www.wazua.co.ke/f...px?g=posts&m=272922 KQ did poorly in 2013 but It cannot be equated to junk. What is the definition of improved results to you? Anyway the real culprit being referred to here is FY Fleet Ownership Costs [12.490b] versus [11.178b] +11.737% http://www.rich.co.ke/rc...company.php?i=OA%3D%3Dh Had this remained constant a different chorus (perhaps KQ theme song) would have played here. Actually this could not be avoidable. In the business with cut-throat competition, especially where you compete with the likes of ET and Emirates that have full govt. support it is inevitable to mordenize your fleet. The said 5 bob, 2 bob,0 bob or even -100 (Some are even expecting their brokers to pay them in order to pick some shares !!) will still have solid demand. I have not been keen on the 2013 results as stated earlier in this post but a rebound surely will come looking at Q3/14 and beyond. If they get their revenues right the fleet ownership cost of abt 15 bn will be manageable.
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maka		#43 Posted : Wednesday, June 25, 2014 10:15:28 PM
Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi		Akenyan2014 wrote: For some reason wazuans decided to apply mob justice on this one. Same was done to Safaricom years back when it was indeed posting profits: http://www.wazua.co.ke/f...px?g=posts&m=272922 KQ did poorly in 2013 but It cannot be equated to junk. What is the definition of improved results to you? Anyway the real culprit being referred to here is FY Fleet Ownership Costs [12.490b] versus [11.178b] +11.737% http://www.rich.co.ke/rc...company.php?i=OA%3D%3Dh Had this remained constant a different chorus (perhaps KQ theme song) would have played here. Actually this could not be avoidable. In the business with cut-throat competition, especially where you compete with the likes of ET and Emirates that have full govt. support it is inevitable to mordenize your fleet. The said 5 bob, 2 bob,0 bob or even -100 (Some are even expecting their brokers to pay them in order to pick some shares !!) will still have solid demand. I have not been keen on the 2013 results as stated earlier in this post but a rebound surely will come looking at Q3/14 and beyond. If they get their revenues right the fleet ownership cost of abt 15 bn will be manageable. Boss you cannot compare scom and Kq...one has constantly posted profits the other is just posting losses...hope you have diligently read @kausha and @deal,s threads. possunt quia posse videntur
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dunkang		#44 Posted : Wednesday, June 25, 2014 10:18:20 PM
Rank: Elder Joined: 6/2/2011 Posts: 4,824 Location: -1.2107, 36.8831		HOLLY SHIT!!!! What happened here. @Obiero, uko salama lakini? Receive with simplicity everything that happens to you.” ― Rashi
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obiero		#45 Posted : Wednesday, June 25, 2014 11:32:59 PM
Rank: Elder Joined: 6/23/2009 Posts: 14,215 Location: nairobi		dunkang wrote: HOLLY SHIT!!!! What happened here. @Obiero, uko salama lakini? niko poa kabisa. its time to load up more!!! kuna kimama tu kimoja kimenikasirisha kwa kusema KQ ni choo! anyway, labda ni choo ndani ya nyumba za home afrika! :) KQ ABP 4.26
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Boris Boyka		#46 Posted : Wednesday, June 25, 2014 11:48:57 PM
Rank: Veteran Joined: 11/15/2013 Posts: 1,977 Location: Here		obiero wrote: dunkang wrote: HOLLY SHIT!!!! What happened here. @Obiero, uko salama lakini? niko poa kabisa. its time to load up more!!! kuna kimama tu kimoja kimenikasirisha kwa kusema KQ ni choo! anyway, labda ni choo ndani ya nyumba za home afrika! :) Haha hehe hehe and the "beef " continues acha nifurahie it makes me relieved. Everybody STEALS, a THIEF is one who's CAUGHT stealing something of LITTLE VALUE. !!!
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Akenyan2014		#47 Posted : Thursday, June 26, 2014 1:08:08 AM
Rank: Member Joined: 5/6/2014 Posts: 268 Location: Nairobi, Kenya		maka wrote: Akenyan2014 wrote: For some reason wazuans decided to apply mob justice on this one. Same was done to Safaricom years back when it was indeed posting profits: http://www.wazua.co.ke/f...px?g=posts&m=272922 KQ did poorly in 2013 but It cannot be equated to junk. What is the definition of improved results to you? Anyway the real culprit being referred to here is FY Fleet Ownership Costs [12.490b] versus [11.178b] +11.737% http://www.rich.co.ke/rc...company.php?i=OA%3D%3Dh Had this remained constant a different chorus (perhaps KQ theme song) would have played here. Actually this could not be avoidable. In the business with cut-throat competition, especially where you compete with the likes of ET and Emirates that have full govt. support it is inevitable to mordenize your fleet. The said 5 bob, 2 bob,0 bob or even -100 (Some are even expecting their brokers to pay them in order to pick some shares !!) will still have solid demand. I have not been keen on the 2013 results as stated earlier in this post but a rebound surely will come looking at Q3/14 and beyond. If they get their revenues right the fleet ownership cost of abt 15 bn will be manageable. Boss you cannot compare scom and Kq...one has constantly posted profits the other is just posting losses...hope you have diligently read @kausha and @deal,s threads. Thanks, But I disagree with you @maka and yes I read through those references. I said they are doing to KQ what they did to SCOM. You cannot rubbish companies at will and gain respect. Do you know what it takes to fulfill aviation regulatory requirements in the first place? I see people here calling each other names and it is just
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Aguytrying		#48 Posted : Thursday, June 26, 2014 1:20:04 AM
Rank: Elder Joined: 7/11/2010 Posts: 5,040		KQ is a monkey, it's highly unlikely they make ptofits any time soon. A bad share, is a bad share, is a bad share. The investor's chief problem - and even his worst enemy - is likely to be himself
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maka		#49 Posted : Thursday, June 26, 2014 1:54:30 AM
Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi		Akenyan2014 wrote: maka wrote: Akenyan2014 wrote: For some reason wazuans decided to apply mob justice on this one. Same was done to Safaricom years back when it was indeed posting profits: http://www.wazua.co.ke/f...px?g=posts&m=272922 KQ did poorly in 2013 but It cannot be equated to junk. What is the definition of improved results to you? Anyway the real culprit being referred to here is FY Fleet Ownership Costs [12.490b] versus [11.178b] +11.737% http://www.rich.co.ke/rc...company.php?i=OA%3D%3Dh Had this remained constant a different chorus (perhaps KQ theme song) would have played here. Actually this could not be avoidable. In the business with cut-throat competition, especially where you compete with the likes of ET and Emirates that have full govt. support it is inevitable to mordenize your fleet. The said 5 bob, 2 bob,0 bob or even -100 (Some are even expecting their brokers to pay them in order to pick some shares !!) will still have solid demand. I have not been keen on the 2013 results as stated earlier in this post but a rebound surely will come looking at Q3/14 and beyond. If they get their revenues right the fleet ownership cost of abt 15 bn will be manageable. Boss you cannot compare scom and Kq...one has constantly posted profits the other is just posting losses...hope you have diligently read @kausha and @deal,s threads. Thanks, But I disagree with you @maka and yes I read through those references. I said they are doing to KQ what they did to SCOM. You cannot rubbish companies at will and gain respect. Do you know what it takes to fulfill aviation regulatory requirements in the first place? I see people here calling each other names and it is just About the name calling just skip such posts...this year unless things change might be even worse.How long can they withstand such losses? possunt quia posse videntur
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guru267		#50 Posted : Thursday, June 26, 2014 6:17:29 AM
Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi		is there anyone wiping out shareholder funds faster than these guys?? Mark 12:29 Deuteronomy 4:16
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