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Kenya Airways...why ignore..
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Kausha
#2091 Posted : Thursday, July 30, 2015 1:41:25 PM
Rank: Member

Joined: 2/8/2007
Posts: 808
I will be candid with my brother. That P&L suggests to a company in comatose and just about to turn the lights out. This has nothing to do with the tide. The gross profit alone can support the HQ costs nor repay annual loan obligations. Their only route would be to raise fares which they did a few years back.

The company has wrong assets for their commercial pursuits or wrong commercial activities for the type of assets they have. If all the planes can not fly profitably and service their debt, right there you have a primary problem you must solve before attempting something else.

This is when you stop the entire set up and go draw up a new script else you will still be making losses by March 2016.
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littledove
#2092 Posted : Thursday, July 30, 2015 1:44:00 PM
Rank: Veteran

Joined: 7/1/2014
Posts: 928
Location: sky
obiero wrote:
Kausha wrote:
Never mind KQ still charges 86k to Jozi when ET is charging 36K on the same route.

This company overcharges customers and still can't make money.

Obiero, you had promised us loads of profits this year after management had fixed the problems. What went wrong?

Technically KQ is insolvent and lenders may just be knocking on them KQ doors very soon.

@kausha.. next year is when I said the tide may turn. had very early on declared a projected loss of 9.5B for FY 2014/2015.


http://www.bloomberg.com/news/articles/2015-07-30/kenya-airways-will-raise-loan-sell-aircraft-after-record-loss?utm_source=dlvr.it&utm_medium=twitter

is this strategy spelling doom even for next year?, selling aircraft will be at a loss most likely and worse if buying price was inflated
There are only two emotions in the stock market, fear and hope. The problem is, you hope when you should fear and fear when you should hope
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maka
#2093 Posted : Thursday, July 30, 2015 1:45:45 PM
Rank: Elder

Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
in September 2014....What about now?

http://aviationblog.dall...ofitable-airlines.html/

possunt quia posse videntur
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  | | Edit by user: Thursday, July 30, 2015 3:06 PM | Reason: Not specified
timuka
#2094 Posted : Thursday, July 30, 2015 2:24:09 PM
Rank: Member

Joined: 1/21/2013
Posts: 427
kollabo wrote:
growing wrote:
total equity (5.963)B Sad Sad Sad


Ati what? Is this a going concern anymore?

What did auditors say?


I don't think it is. There is also a question of whether the financial statements should be prepared on a going concern basis. Where are accounting experts of Wazua?
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newfarer
#2095 Posted : Thursday, July 30, 2015 2:33:35 PM
Rank: Elder

Joined: 3/19/2010
Posts: 3,505
Location: Uganda
obiero wrote:
obiero wrote:
Aguytrying wrote:
newfarer wrote:
obiero wrote:
newfarer wrote:
obiero wrote:
Aguytrying wrote:
Im sorry to say this, but I firm consistently making billions of shilling losses doesn't deserve to be yeven trading.

Profits (EBT) (KSh m) From 2003 to 2015 ascending:
547
2,075
5,520
6,960
5,975
6,526
−5,664
2,671
5,002
2,146
−10,826
−4,861
-29,710
Kindly point out the consistency in loss making for Kenya Airways.. One must remember that even KCB was once loss making, in the year 2003-2004



You cannot see consistency show us any cent left as profit in the last 6year cumulative

Was KQ established in 2009? The firm is old and beautiful.. Its just experiencing a rough patch. Respect your elders :)



Much respects elder, enjoy your deadhorse ride.


@Obiero. If you add this years loss. That's 3 years in row.
Question. Will KQ make a profit in fy 2015? Are you sure???

KQ must make a profit in 2015. Its not a matter of choice, and Ngunze & Co are well aware.. Therein lies the gamble. Im not sure, but highly optimistic

Indeed this is consistent loss making.. Had not imagined it would be that huge. Going through the statemnt of comprehensive income and I realise that management has lost the battle against cost

Buried horse
punda amecheka
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murchr
#2096 Posted : Thursday, July 30, 2015 2:35:23 PM
Rank: Elder

Joined: 2/26/2012
Posts: 15,980
Turn around 2015? Not until they learn to bring down their operation costs....as well as match their competitors prices. They will keep disappointing their shareholders for a while. Declare bankruptcy, and quit advertising on CNN and the likes, use the internet...cheaper and more effective. No traveler will flip tv channels looking for the best rates.
"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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2012
#2097 Posted : Thursday, July 30, 2015 2:41:45 PM
Rank: Elder

Joined: 12/9/2009
Posts: 6,592
Location: Nairobi
How has this counter not hit -30%? Who is buying even for 1/-?

BBI will solve it :)
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maka
#2098 Posted : Thursday, July 30, 2015 2:44:37 PM
Rank: Elder

Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
2012 wrote:
How has this counter not hit -30%? Who is buying even for 1/-?


Me I would buy @ 1...smile smile

possunt quia posse videntur
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murchr
#2099 Posted : Thursday, July 30, 2015 2:46:53 PM
Rank: Elder

Joined: 2/26/2012
Posts: 15,980
2012 wrote:
How has this counter not hit -30%? Who is buying even for 1/-?


-30% ni hesabu ya wapi? Anyway the price will hover around there because those who hold big chuncks here are GOK and KLM
"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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Mainat
#2100 Posted : Thursday, July 30, 2015 3:08:10 PM
Rank: Veteran

Joined: 11/21/2006
Posts: 1,590
This is a crime scene
Sehemu ndio nyumba
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