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KQ all the way to the World Cup!
Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
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@jaguar we are going to force this thing down unitl 50bob... i think it has pletny of support there... Mark 12:29
Deuteronomy 4:16
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Rank: Member Joined: 6/7/2007 Posts: 263 Location: humu humu
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@guru, hope you didnt get in 'big time'@56/. I had placd an order for 3k shares @52.5 this morning then after watching the trading for some time, i developed cold feet and canceled it. I'm waiting for good entry point next week, if possible lower than 50/. This is on bus i'm ready to miss unless it goes below 50/
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Rank: Veteran Joined: 6/17/2009 Posts: 1,619
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Timing the market can be a tricky affair,the supply deluge in the morning has given way to rising demand and price.The close today may as well be the bottom of the pull back on KQs share price.
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Rank: Elder Joined: 12/6/2008 Posts: 3,549
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True cnn, again dont forget this is an African Stock Market ( a stock market in the dark continent!) where anything goes. Timing this market is akin to stating that Kenya is a well run economy, but the matatu madness, bribing police, flying toilets e.t.c are all factored into NSE making it all the more unpredictable. Anything could be happening with for example with KQ stock, some greedy fellas may be playing the market. When you invest in NSE the most important question is not P.E, EPS, blah blah blah! but whether you have hope for Kenya and what companies represent that hope then you can go to the fundamentals from there. Meru Holiness
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Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
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@jaguar i cancelled that order after finding out from my broker the supply demand dynamics before the market opened... now i've made an order for 5.5k shares 2.5k shares at 52bob and 3k shares at 49bob.. i'm very sure there are still a number of investors who bought at 33-45bob who are panic selling.. i just hope they are strong enuf to drive it down further... i dont think you will miss the bus Mark 12:29
Deuteronomy 4:16
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Rank: Chief Joined: 1/3/2007 Posts: 18,137 Location: Nairobi
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@guru - Didnt we miss the bus on some other stuff???? I have KQ but I am also looking at others... At below 50/- I am going to buy more... Of course, what do I sell??? IMHO... I could go into a cave & come out in 2015 & I believe I will have a great return coz of the buys I have made... Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Veteran Joined: 6/17/2009 Posts: 1,619
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@guru and vvs,i have a feeling 50 is in the past.At around 60 yesterday sellers were plenty,that supply reduced today and 53/54 price level is the lowest i expect on monday.Remember when the price was stuck at 47-50 for some time the sellers were also few,and they might have realised the value in the company and hold out for higher price.
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Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
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@VVS i dont think I have missed any bus because the stocks i chose last year for my portfolio just after the market turned (KPLC, KQ, Safcom, mumias, kenya re and Sameer) are all up a great deal.... but if one is looking 2015 and beyond just like I am, this market is still one of the cheapest in the world even after the recent bull run. just because many of the listed companies including KQ have geared themselves extremely well for exponential growth in revenues... so for long term investors the bus is still waitng at the stage!! but not for much longer... my only speculative buys for 2010 are kenya re and safcom. Mark 12:29
Deuteronomy 4:16
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Rank: Elder Joined: 2/26/2008 Posts: 4,449
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KQ pull back caused by profit-takers and the crash landing...feel at home at the late 40's...
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Rank: Chief Joined: 1/3/2007 Posts: 18,137 Location: Nairobi
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A small windfall for KQ on London-NBO http://news.bbc.co.uk/1/hi/business/8576727.stm
BA cabin crew on strike... Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 5/27/2008 Posts: 3,760
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It is a total of 6 days of strike. Will that boost KQ revenues? I suspect KQ does 60% load factor, so filling up the balance on a 777 is about 100 seats, not much, unless they adjust their fares upwards. Remember that 60% BA long haul flights will operate normally, so there is a good chance the Nbo route will be unaffected. My conclusion - insignificant.
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Rank: Member Joined: 5/8/2008 Posts: 288
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There will be no much interruptions because the level of preparedness by BA is very high.And they have hired aircraft from 8 rival carriers including crew members. Even rivals dont want BA to collapse because the union will grow horns and target their employees as well eg virgin atlantic
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Rank: Chief Joined: 1/3/2007 Posts: 18,137 Location: Nairobi
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Gordon Gekko wrote:It is a total of 6 days of strike. Will that boost KQ revenues? I suspect KQ does 60% load factor, so filling up the balance on a 777 is about 100 seats, not much, unless they adjust their fares upwards. Remember that 60% BA long haul flights will operate normally, so there is a good chance the Nbo route will be unaffected. My conclusion - insignificant. Erm, I said a 'small' windfall... not a paradigm shift... [Just wanted to use that phrase] Actually, even if BA does not cancel NBO-LHR... I think some travelers would prefer KQ/VA coz of 'certainty'... I am not sure how profitable LHR-NBO is but the 60% must include the most profitable routes... Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Chief Joined: 1/3/2007 Posts: 18,137 Location: Nairobi
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Jitahidi wrote:There will be no much interruptions because the level of preparedness by BA is very high.And they have hired aircraft from 8 rival carriers including crew members. Even rivals dont want BA to collapse because the union will grow horns and target their employees as well eg virgin atlantic I support BA... coz we saw what happened at KQ last year... the union being funny does not help any airline even if it's your competitor... Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Veteran Joined: 10/11/2009 Posts: 1,223
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I just listened to this http://news.bbc.co.uk/2/hi/business/8576003.stm from a BA snr cabin crew and you can feel the pain of taking decisions with a herd mentality. I concur that in hard times striking is not the way to go and at the end of the day, BA will be the loser. However, those who want to go to work should not be intimidated by their colleagues because when at the end of the end the job is gone the union will not pay for the bills. At the beginning of 2009 I had to accept a pay-cut though i had a negotiated work contract courtesy of the recession. At that point in life i had to listen to the voice of reason. I support BA!!!! History will not remember you for your IQ. It will remember you for what you did. “Genius is 1 percent inspiration, 99 percent perspiration.” Thomas Edison
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Rank: Veteran Joined: 6/17/2009 Posts: 1,619
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Anybody who was waiting for KQ @50,the market has other ideas,already up to 58.
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Rank: Elder Joined: 12/9/2009 Posts: 6,592 Location: Nairobi
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cnn wrote:Anybody who was waiting for KQ @50,the market has other ideas,already up to 58. Still too early. Let's catch up... say,,, Wednesday... Friday...
BBI will solve it :)
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Rank: Member Joined: 1/15/2010 Posts: 625
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Trying to predict short term stock movements is guesswork.
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Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
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my broker informed me that i was able to pick up about 2500 shares at 53bob on friday... i wasnt happened with that since they were much less than i wanted and at a higher price.... but after todays price action what can i say except... just in the knick of time!!! Mark 12:29
Deuteronomy 4:16
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Rank: Chief Joined: 1/3/2007 Posts: 18,137 Location: Nairobi
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KQ closed at 59/- with unsatisfied demand on the Board... Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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KQ all the way to the World Cup!
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