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Ericsson
#661 Posted : Wednesday, April 29, 2015 4:28:38 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,797
Location: NAIROBI
The Group's PBT has grown by 13% to Kshs. 6.1B in Q1-2015 from Kshs. 5.4B in Q1-2014
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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VituVingiSana
#662 Posted : Wednesday, April 29, 2015 4:28:54 PM
Rank: Chief


Joined: 1/3/2007
Posts: 18,265
Location: Nairobi
obiero wrote:
Q1 PBT in KES 'B
KCB 6.5
EQTY 6.2
SCBK 4.4
COOP 3.9
BBK 3.6
DTB 2.76
CFC 2.6
NIC 1.86
NBK 0.5
HFCK 0.35
Prophet Obiero Owuor scores again. If only he stuck to banks not airlines!
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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obiero
#663 Posted : Wednesday, April 29, 2015 6:23:21 PM
Rank: Elder


Joined: 6/23/2009
Posts: 13,967
Location: nairobi
asanteni

KQ ABP 4.48; MTN ABP 5.20
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Ericsson
#664 Posted : Thursday, April 30, 2015 10:04:23 AM
Rank: Elder


Joined: 12/4/2009
Posts: 10,797
Location: NAIROBI
HFCK Q1 profit before tax at ksh.320.4mn
Profit after tax at ksh.221.5mn
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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VituVingiSana
#665 Posted : Thursday, April 30, 2015 10:23:03 AM
Rank: Chief


Joined: 1/3/2007
Posts: 18,265
Location: Nairobi
And Prophet @Obiero Owuor scores again after he gets a pass from HFCK...
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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obiero
#666 Posted : Thursday, April 30, 2015 5:13:18 PM
Rank: Elder


Joined: 6/23/2009
Posts: 13,967
Location: nairobi
VituVingiSana wrote:
And Prophet @Obiero Owuor scores again after he gets a pass from HFCK...

Q1 PBT in KES 'B
KCB 6.5
EQTY 6.2 Actual 6.1
SCBK 4.4
COOP 3.9 Actual 4.5
BBK 3.6
DTB 2.76
CFC 2.6
NIC 1.86
NBK 0.5
HFCK 0.35 Actual 0.32

KQ ABP 4.48; MTN ABP 5.20
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obiero
#667 Posted : Wednesday, May 06, 2015 8:08:28 PM
Rank: Elder


Joined: 6/23/2009
Posts: 13,967
Location: nairobi
obiero wrote:
VituVingiSana wrote:
And Prophet @Obiero Owuor scores again after he gets a pass from HFCK...

Q1 PBT in KES 'B
KCB 6.5 Actual 6.2
EQTY 6.2 Actual 6.1
SCBK 4.4
COOP 3.9 Actual 4.5
BBK 3.6
DTB 2.76
CFC 2.6
NIC 1.86
NBK 0.5
HFCK 0.35 Actual 0.32

Coop net profit growth highest in the market this far

KQ ABP 4.48; MTN ABP 5.20
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obiero
#668 Posted : Sunday, May 17, 2015 9:08:45 AM
Rank: Elder


Joined: 6/23/2009
Posts: 13,967
Location: nairobi
Just woke up.. Was at the exchange bar yesterday where I was told that an impairment loss of KES 5.4B was factored into the first half results to clear out naikuni demons.. ngunze opted to use the same tactic employed by bob collymore in announcing a much reduced profit/loss at onset so as to set ground for take off.. African operations excluding West Africa have all gained by over 15% in revenue with costs being reduced on majority of routes by new craft, esp DRC to which the 787 has been flying at avg 89% cabin load. I recommend a buy. Thank me later

KQ ABP 4.48; MTN ABP 5.20
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VituVingiSana
#669 Posted : Sunday, May 17, 2015 2:22:38 PM
Rank: Chief


Joined: 1/3/2007
Posts: 18,265
Location: Nairobi
obiero wrote:
Just woke up.. Was at the exchange bar yesterday where I was told that an impairment loss of KES 5.4B was factored into the first half results to clear out naikuni demons.. ngunze opted to use the same tactic employed by bob collymore in announcing a much reduced profit/loss at onset so as to set ground for take off.. African operations excluding West Africa have all gained by over 15% in revenue with costs being reduced on majority of routes by new craft, esp DRC to which the 787 has been flying at avg 89% cabin load. I recommend a buy. Thank me later

Excellent news. The catch for me is that I have very limited capital to allocate. I have to choose between KK, KQ, etc... At this point I would do what Warren Buffett advises. Do not buy into turnarounds i.e. KQ is still turning around while KK has turned around.

If I had listened to Buffett, I would have waited to buy into KK after the turnaround. So for 2.5 years [since the 2012 mega-loss] I have held KK which has paid poor dividends (while T-Bonds paid 12%) while 'turning around' and the price has been stagnant.

So if I apply this to KQ, I will say KQ is a buy(even a premium) 2 years from now AFTER they have executed. In the intervening 2 years, I would rather buy KK which will pay higher dividends and/or become an acquisition target. Regardless of the potential for acquisition, KK has reduced debt [read Ohana's interview in BD] in 2015 while disposing of unprofitable assets including a clean-up of the books post-Segman.

So what Ngunze is did in 2014-15 and will continue in 2015-16, Ohana has done in 2013 and 2014.

@Obiero - If Ngunze manages to pilot KQ to greater heights, I may join you in 2017.

BTW, I am just using KK as an example but there are many firms that have cut down on debt, consolidated their businesses, etc... and are now growing. Another that comes to mind is Unga which has consistently paid down debt, improved operational earnings, has considerable assets and is now vertically expanding its business lines. Perhaps it may even become an acquisition target based on the recent (attempted) acquisitions of food/nutrition firms by South Africans.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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obiero
#670 Posted : Friday, May 22, 2015 6:37:20 PM
Rank: Elder


Joined: 6/23/2009
Posts: 13,967
Location: nairobi
Q1 PBT in KES 'B
KCB 6.5 Actual 6.2
EQTY 6.2 Actual 6.1
SCBK 4.4
COOP 3.9 Actual 4.5
BBK 3.6 Actual 3.1
DTB 2.76
CFC 2.6 Actual 1.6
NIC 1.86
NBK 0.5
HFCK 0.35 Actual 0.32

KQ ABP 4.48; MTN ABP 5.20
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obiero
#671 Posted : Monday, May 25, 2015 9:49:18 PM
Rank: Elder


Joined: 6/23/2009
Posts: 13,967
Location: nairobi
whiteowl wrote:
VituVingiSana wrote:
obiero wrote:
KQ FY 2014, figures in B
Revenue 115.1

Direct costs (81)

Fleet and overhead costs (35.2)

Profit/Loss before tax (6.4)


KQ had a 12.5bn Loss Before Tax for 1H 2014-15.
Where did the turnaround 'profit' of 6bn in 2H come from?

http://www.businessdaily.../-/f7fxtez/-/index.html

Kenya Airways has reported an after-tax loss of Sh10.5 billion for the half year to September 30 — Sh12.5 billion - before an income tax credit

Times are hard, figures have to be cooked. Next year I'm expecting a good profit, cooked or otherwise.

sour news people.. KQ loss before tax forecasted by insider gents at the bar to read circa 9.5B.. Im still inside the plane, hoping it wont crash

KQ ABP 4.48; MTN ABP 5.20
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lochaz-index
#672 Posted : Monday, May 25, 2015 10:29:55 PM
Rank: Veteran


Joined: 9/18/2014
Posts: 1,127
obiero wrote:
whiteowl wrote:
VituVingiSana wrote:
obiero wrote:
KQ FY 2014, figures in B
Revenue 115.1

Direct costs (81)

Fleet and overhead costs (35.2)

Profit/Loss before tax (6.4)


KQ had a 12.5bn Loss Before Tax for 1H 2014-15.
Where did the turnaround 'profit' of 6bn in 2H come from?

http://www.businessdaily.../-/f7fxtez/-/index.html

Kenya Airways has reported an after-tax loss of Sh10.5 billion for the half year to September 30 — Sh12.5 billion - before an income tax credit

Times are hard, figures have to be cooked. Next year I'm expecting a good profit, cooked or otherwise.

sour news people.. KQ loss before tax forecasted by insider gents at the bar to read circa 9.5B.. Im still inside the plane, hoping it wont crash


Isn't 3b pbt in 2H a tad too optimistic all factors considered especially the hedging bit which could be a wild card. I was thinking more in the range of a 15b loss before tax on fy assuming the sale of land and old fleets are booked in the current year.
The main purpose of the stock market is to make fools of as many people as possible.
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obiero
#673 Posted : Thursday, May 28, 2015 9:14:39 PM
Rank: Elder


Joined: 6/23/2009
Posts: 13,967
Location: nairobi
obiero wrote:
obiero wrote:
VituVingiSana wrote:
And Prophet @Obiero Owuor scores again after he gets a pass from HFCK...

Q1 PBT in KES 'B
KCB 6.5 Actual 6.2
EQTY 6.2 Actual 6.1
SCBK 4.4 Actual 2.5
COOP 3.9 Actual 4.5
BBK 3.6
DTB 2.76 Actual 2.27
CFC 2.6 Actual 1.6
NIC 1.86
NBK 0.5 Actual 0.7
HFCK 0.35 Actual 0.32

Coop net profit growth highest in the market this far


KQ ABP 4.48; MTN ABP 5.20
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obiero
#674 Posted : Saturday, June 13, 2015 4:00:37 PM
Rank: Elder


Joined: 6/23/2009
Posts: 13,967
Location: nairobi
Q1 PBT in KES 'B
KCB 6.5 Actual 6.2
EQTY 6.2 Actual 6.1
SCBK 4.4 Actual 2.5
COOP 3.9 Actual 4.5
BBK 3.6 Actual 3.1
DTB 2.76 Actual 2.27
CFC 2.6 Actual 1.6
NIC 1.86 Actual 1.4
NBK 0.5 Actual 0.7
HFCK 0.35 Actual 0.32

KQ ABP 4.48; MTN ABP 5.20
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winmak
#675 Posted : Saturday, June 13, 2015 7:16:12 PM
Rank: Member


Joined: 12/1/2007
Posts: 539
Location: Nakuru
Clean B+ save for scb and nic, now give us a sneak peek at H1.... Oh, and while at it, how bad is the FY KQ hit going to be?
For investors as a whole, returns decrease as motion increases ~ WB
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maka
#676 Posted : Saturday, June 13, 2015 7:19:37 PM
Rank: Elder


Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
winmak wrote:
Clean B+ save for scb and nic, now give us a sneak peek at H1.... Oh, and while at it, how bad is the FY KQ hit going to be?


13 B
possunt quia posse videntur
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winmak
#677 Posted : Saturday, June 13, 2015 7:32:25 PM
Rank: Member


Joined: 12/1/2007
Posts: 539
Location: Nakuru
maka wrote:
winmak wrote:
Clean B+ save for scb and nic, now give us a sneak peek at H1.... Oh, and while at it, how bad is the FY KQ hit going to be?


13 B



Thanks.
For investors as a whole, returns decrease as motion increases ~ WB
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obiero
#678 Posted : Saturday, June 13, 2015 11:02:08 PM
Rank: Elder


Joined: 6/23/2009
Posts: 13,967
Location: nairobi
winmak wrote:
maka wrote:
winmak wrote:
Clean B+ save for scb and nic, now give us a sneak peek at H1.... Oh, and while at it, how bad is the FY KQ hit going to be?


13 B



Thanks.

9.5B loss.. Anything more than that either by default or design, and the share shall touch KES 2

KQ ABP 4.48; MTN ABP 5.20
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Boris Boyka
#679 Posted : Sunday, June 14, 2015 6:01:54 AM
Rank: Veteran


Joined: 11/15/2013
Posts: 1,977
Location: Here
obiero wrote:
winmak wrote:
maka wrote:
winmak wrote:
Clean B+ save for scb and nic, now give us a sneak peek at H1.... Oh, and while at it, how bad is the FY KQ hit going to be?


13 B



Thanks.

9.5B loss.. Anything more than that either by default or design, and the share shall touch KES 2

Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Reality check! 2/- So i may say You fly on Obieroways land and go home to GuruAfrika and you're served HamainaSugar tea!
Everybody STEALS, a THIEF is one who's CAUGHT stealing something of LITTLE VALUE. !!!
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VituVingiSana
#680 Posted : Sunday, June 14, 2015 9:57:29 PM
Rank: Chief


Joined: 1/3/2007
Posts: 18,265
Location: Nairobi
obiero wrote:
winmak wrote:
maka wrote:
winmak wrote:
Clean B+ save for scb and nic, now give us a sneak peek at H1.... Oh, and while at it, how bad is the FY KQ hit going to be?


13 B



Thanks.

9.5B loss.. Anything more than that either by default or design, and the share shall touch KES 2


KQ had a 12.5bn Loss Before Tax for 1H 2014-15.
Where did the turnaround 'profit' of 3bn in 2H come from?
@Obiero says the loss is 9.5bn which means KQ has to make 3bn in 2H PBT from 12.5bn it lost in 1H.

Let's assume @obiero meant 9.5bn Loss After Tax. Then KQ still needs a 1bn PAT in 2H to hit that number. Furthermore, if the 'profit' is from Asset Sales not Operations then the picture just gets murkier!

http://www.businessdaily.../-/f7fxtez/-/index.html

Kenya Airways has reported an after-tax loss of Sh10.5 billion for the half year to September 30 — Sh12.5 billion - before an income tax credit
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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