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KQ FY15 Loss of Ksh. 26 Bn
Rank: Elder Joined: 5/25/2012 Posts: 4,105 Location: 08c
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 Pesa Nane plans to be shilingi when he grows up.
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Rank: Member Joined: 1/31/2007 Posts: 304
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This is must be the mother of all losses in corporate Kenya history.. Only prayers can now help!!!!
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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Oh my! They still have fuel hedges?!   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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Rank: Elder Joined: 5/25/2012 Posts: 4,105 Location: 08c
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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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Rank: Elder Joined: 12/4/2009 Posts: 10,702 Location: NAIROBI
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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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Rank: Elder Joined: 7/21/2010 Posts: 6,183 Location: nairobi
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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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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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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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Rank: Elder Joined: 6/23/2009 Posts: 13,549 Location: nairobi
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nikulonrezo
HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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Indeed. A watershed. Obama: Kenya at 'crossroads' between peril and promise
KENYA AIRWAYS LIMITED SUMMARY AUDITED GROUP
RESULTS FOR THE YEAR ENDED 31 MARCH 2015https://www.kenya-airway...uncement_March_2015.pdf
Now, for a textbook finish... Cc.@Aguy
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Rank: User Joined: 1/20/2014 Posts: 3,528
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hisah wrote:Oh my! They still have fuel hedges?! 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  Formal education will make you a living. Self-education will make you a fortune - Jim Rohn.
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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Citi. Thanks for the clarification. Now I see the bankster game. Standard is SCBK or Standard Bank?$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: New-farer Joined: 12/11/2013 Posts: 63
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Rank: Member Joined: 8/27/2010 Posts: 495 Location: Nairobi
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Robert Alai. Has no clue whatsoever how the aircraft industry works nor how aircraft financing works. 99% jibber-jabber. Sent from my Black Nokia 3310
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Rank: Elder Joined: 9/23/2010 Posts: 2,221 Location: Sundowner,Amboseli
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The much talked about NSE rebound from 4450 levels will have to wait, thanks to #KQRebound @SufficientlyP
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Rank: User Joined: 1/20/2014 Posts: 3,528
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Standard >>>> RSA . Look at the trail of the deal makers .... link is past association!!!! Formal education will make you a living. Self-education will make you a fortune - Jim Rohn.
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Rank: New-farer Joined: 12/11/2013 Posts: 63
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Ash Ock wrote:Robert Alai. Has no clue whatsoever how the aircraft industry works nor how aircraft financing works. 99% jibber-jabber. this article was posted in march this year...the shit has finally hit the fan
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Rank: Member Joined: 9/2/2010 Posts: 845
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Citi lured KQ into hedging first. The other banksters must have joined in the party thanks to Citi alumni. All my friends are heathens, take it slow. Wait for them to ask you who you know. Please don't make any sudden moves.
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Rank: Elder Joined: 3/19/2010 Posts: 3,504 Location: Uganda
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15billion, thought it was a bad joke. The bottomless pit punda amecheka
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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I'm more inclined to believe now than ever that gov holds KQ as a hobby. The losses don't matter The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Elder Joined: 7/21/2010 Posts: 6,183 Location: nairobi
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Banks are the beneficiaries of sinking companies because they are left selling assets,I know their valuers are busy advising them when to punch in. "Don't let the fear of losing be greater than the excitement of winning."
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KQ FY15 Loss of Ksh. 26 Bn
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