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KQ FY15 Loss of Ksh. 26 Bn
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Pesa Nane
#1 Posted : Thursday, July 30, 2015 9:06:16 AM
Rank: Elder

Joined: 5/25/2012
Posts: 4,105
Location: 08c

Pesa Nane plans to be shilingi when he grows up.
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moneydust
#2 Posted : Thursday, July 30, 2015 9:24:22 AM
Rank: Member

Joined: 1/31/2007
Posts: 304
Pesa Nane wrote:

This is must be the mother of all losses in corporate Kenya history..
Only prayers can now help!!!!
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hisah
#3 Posted : Thursday, July 30, 2015 10:02:44 AM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
Pesa Nane wrote:

Oh my! They still have fuel hedges?! Brick wall Pray They never learnt any lesson back in 2011.

Oil will likely slide below $30 handle once it breaks below the Jan 2015 low. Those fuel hedges will reap apart KQ. The bank holding those hedges will bleed KQ dry! Which bank(s) is this? Citi?
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Pesa Nane
#4 Posted : Thursday, July 30, 2015 10:14:28 AM
Rank: Elder

Joined: 5/25/2012
Posts: 4,105
Location: 08c
Quote:
Financing Options

1. Afrexim Bank appointed financial advisor to assisst KQ:
-Raise long term capital to finance the business
-Perform a comprehensive review of the KQ debt profile with a view to recommend an optimal liability structure

2. Shareholder Support

3. Sale of Assets
-Aircraft
-Land in Embakasi
Pesa Nane plans to be shilingi when he grows up.
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Ericsson
#5 Posted : Thursday, July 30, 2015 10:16:34 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,836
Location: NAIROBI
The Airline has secured a sh.20bn loan to avoid falling into insolvency
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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mlennyma
#6 Posted : Thursday, July 30, 2015 10:16:38 AM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
Let me try my 2bob buy order
"Don't let the fear of losing be greater than the excitement of winning."
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hisah
#7 Posted : Thursday, July 30, 2015 10:19:36 AM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
Ericsson wrote:
The Airline has secured a sh.20bn loan to avoid falling into insolvency

A dollar loan. I wonder how it's structured.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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obiero
#8 Posted : Thursday, July 30, 2015 11:06:41 AM
Rank: Elder

Joined: 6/23/2009
Posts: 14,477
Location: nairobi
nikulonrezo
COOP 306,100 ABP 31.96, KEGN 112,100 ABP 10.64, MTNU 131,000 ABP 10.21
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Cde Monomotapa
#9 Posted : Thursday, July 30, 2015 11:39:39 AM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
Indeed. A watershed.

Obama: Kenya at 'crossroads' between peril and promise

KENYA AIRWAYS LIMITED SUMMARY AUDITED GROUP
RESULTS FOR THE YEAR ENDED 31 MARCH 2015
https://www.kenya-airway...uncement_March_2015.pdf

Now, for a textbook finish... Cc.@Aguy
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Othelo
#10 Posted : Thursday, July 30, 2015 11:49:29 AM
Rank: User

Joined: 1/20/2014
Posts: 3,528
hisah wrote:
Pesa Nane wrote:

Oh my! They still have fuel hedges?! Brick wall Pray They never learnt any lesson back in 2011.

Oil will likely slide below $30 handle once it breaks below the Jan 2015 low. Those fuel hedges will reap apart KQ. The bank holding those hedges will bleed KQ dry! Which bank(s) is this? Citi?

Citi & Standard smile
Formal education will make you a living. Self-education will make you a fortune - Jim Rohn.
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