Wazua
»
Investor
»
Stocks
»
KQ FY 2016 operating loss down to 4bn; net loss record (26.2bn)
Rank: Elder Joined: 5/25/2012 Posts: 4,105 Location: 08c
|
Ebenyo wrote:
Revenue kshs 116 bilion vs kshs 110 bilion.Increase of only kshs 6 bilion.Kwani with all the assets sale,that was the only amount they got? heathrow slot was more than 3 bilion,fleet sales was more than 6 bilion.Revenue alone should have been 200 bilion
Excerpts Quote:Other revenues increased by Kshs. 2.5 billion which included the proceeds from sale of slots in London. Pesa Nane plans to be shilingi when he grows up.
|
|
|
Rank: Elder Joined: 7/21/2010 Posts: 6,183 Location: nairobi
|
Ericsson wrote:Obiero aliuza shares jana when KQ touched a high of 4.80 yesterday and he made his profit lie of the season,as long as nobody was jailed or auctioned we will repeat the mis-management "Don't let the fear of losing be greater than the excitement of winning."
|
|
|
Rank: Elder Joined: 5/25/2012 Posts: 4,105 Location: 08c
|
Ebenyo wrote:Fyatu wrote:In plain(wanjiku) language, can the fundies tell wazuans how KQ makes these phenomenon losses.
1. Is it that people are not flying?
2. Is it that they have excess employees who are paid lots of money?
3. Is it that Jet A-1 is very expensive?
4. Is it they are paying more parking fess at the destinations they land/operate?
5. Is it the interest charged on previous loans?
What is the issue with KQ in leihman language? Their operating costs are higher than revenue. Excerpts... Quote:AUDITORS' REPORT
The company's auditors, KPMG have issued an unqualified audit opinion with an emphasis of matter drawing attention to the loss of Kshs 26 billion for the year (2015- Ksh 26 billion) and the fact that the company's total liabilities exceeded its total assets as at 31 March 2016. This is similar to the audit opinion issued for 2015 financial statements.  Pesa Nane plans to be shilingi when he grows up.
|
|
|
Rank: Elder Joined: 7/21/2010 Posts: 6,183 Location: nairobi
|
Pesa Nane wrote:Ebenyo wrote:Fyatu wrote:In plain(wanjiku) language, can the fundies tell wazuans how KQ makes these phenomenon losses.
1. Is it that people are not flying?
2. Is it that they have excess employees who are paid lots of money?
3. Is it that Jet A-1 is very expensive?
4. Is it they are paying more parking fess at the destinations they land/operate?
5. Is it the interest charged on previous loans?
What is the issue with KQ in leihman language? Their operating costs are higher than revenue. Excerpts... Quote:AUDITORS' REPORT
The company's auditors, KPMG have issued an unqualified audit opinion with an emphasis of matter drawing attention to the loss of Kshs 26 billion for the year (2015- Ksh 26 billion) and the fact that the company's total liabilities exceeded its total assets as at 31 March 2016. This is similar to the audit opinion issued for 2015 financial statements. insolvent ok,you have sold assets, the dollar is unpredictable,the dollar behavior can crush kq in a month , let's go "Don't let the fear of losing be greater than the excitement of winning."
|
|
|
Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
|
MaichBlack wrote:@Obiero should be placed on suicide watch!!!
Anyone who knows where to physically get him??? He will show up after a couple of days and say that he has averaged down to a profit. Life is short. Live passionately.
|
|
|
Rank: Elder Joined: 7/21/2010 Posts: 6,183 Location: nairobi
|
Guest (14), kryptonite , mlennyma , muandiwambeu , ngapat, Noname investor, obiero "Don't let the fear of losing be greater than the excitement of winning."
|
|
|
Rank: Elder Joined: 7/21/2010 Posts: 6,183 Location: nairobi
|
mlennyma wrote:Guest (14), kryptonite , mlennyma , muandiwambeu , ngapat, Noname investor, obiero No.6 too scared to speak "Don't let the fear of losing be greater than the excitement of winning."
|
|
|
Rank: Elder Joined: 5/25/2012 Posts: 4,105 Location: 08c
|
sparkly wrote:MaichBlack wrote:@Obiero should be placed on suicide watch!!!
Anyone who knows where to physically get him??? He will show up after a couple of days and say that he has averaged down to a profit.  You guys under estimate @obiero. Obiero sold out See his last post  Ericsson wrote:Obiero aliuza shares jana when KQ touched a high of 4.80 yesterday and he made his profit Pesa Nane plans to be shilingi when he grows up.
|
|
|
Rank: Elder Joined: 3/2/2009 Posts: 26,328 Location: Masada
|
Pesa Nane wrote:sparkly wrote:MaichBlack wrote:@Obiero should be placed on suicide watch!!!
Anyone who knows where to physically get him??? He will show up after a couple of days and say that he has averaged down to a profit. You guys under estimate @obiero. Obiero sold out See his last post Ericsson wrote:Obiero aliuza shares jana when KQ touched a high of 4.80 yesterday and he made his profit He sold today at 9am, solt at 4.35, while he bought them at as high as 5.20...pole, awori poole. Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
|
|
|
Rank: Member Joined: 1/31/2007 Posts: 304
|
lochaz-index wrote:sparkly wrote:KQ investors misled by these two common psychological traps (Hello @Obiero) Source: Investopedia Quote:
DEFINITION of 'Superiority Trap'
A psychological or behavioral trap that leads people to believe that they have superior skill in some areas. The superiority trap can be a dangerous delusion in the stock market, since investors who believe their investment prowess is superior to that of others may end up losing a lot of money. One way of avoiding this trap is through retaining a sense of humility, rather than hubris. An oft-cited example of the superiority trap is the fact that the overwhelming majority of people think they are above-average drivers, which is a contradiction in itself.
DEFINITION of 'Sunk Cost Trap'
The tendency of people to irrationally follow through on an activity that is not meeting their expectations because of the time and/or money they have already spent on it. The sunk cost trap explains why people finish movies they aren’t enjoying, finish meals that taste bad, hold on to investments that are underperforming and keep clothes in their closet that they’ve never worn. The sunk cost trap is also called the Concorde fallacy after the failed supersonic Concorde jet program that funding governments insisted on completing despite the jet’s poor outlook.
Individuals, businesses and governments fall into the sunk cost trap when they base their decisions on past behavior and a desire to not waste the time or money they have already spent, instead of cutting their losses and making the decision that would give them the best outcome going forward. People are reluctant to admit, even to themselves, that they have wasted resources on a past decision. Changing directions is viewed, perhaps only subconsciously, as admitting failure. As a result, people tend to stay the course or even invest additional resources in a bad decision in a futile attempt to make their initial decision seem worthwhile.
If you look on the bright side, there are definitely numerous teachable lessons from KQ and @obiero; -never fall in love with a stock. -hope is not an investing/trading strategy. -never catch a falling knife. -fool me once(earlier losses)shame on you,fool me twice(last year's loss)shame on me, fool me thrice(this year's loss)..... My sentiments exactly you beat me in voicing them.. Sometimes the hardest thing to accept is that one made a mistake. This one quality differentiates an investor from a gambler.
|
|
|
Rank: Elder Joined: 5/25/2012 Posts: 4,105 Location: 08c
|
Confirmed!! obiero wrote:160,900 KQ sold out at KES 4.50; take home KES 708,845.. Viewing of the leaked actual financials late last night, triggered my thought pattern. one of my ladies in an established media house had filled me in.. was at the trading floor way beyond opening hour. I had to blind side a few investors and I apologise for ratting out but capital preservation preceeds integrity. However, I remain interested in the share and will likely reinvest on lower entry point Pesa Nane plans to be shilingi when he grows up.
|
|
|
Rank: Elder Joined: 3/2/2009 Posts: 26,328 Location: Masada
|
Pesa Nane wrote:Confirmed!! obiero wrote:160,900 KQ sold out at KES 4.50; take home KES 708,845.. Viewing of the leaked actual financials late last night, triggered my thought pattern. one of my ladies in an established media house had filled me in.. was at the trading floor way beyond opening hour. I had to blind side a few investors and I apologise for ratting out but capital preservation preceeds integrity. However, I remain interested in the share and will likely reinvest on lower entry point I hope he has done as promised and thus wired to @VVS's Post bank account, the sum of kes. 100,000, payment being in favor of the bet they entered a few days ago.  Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
|
|
|
Rank: Chief Joined: 1/3/2007 Posts: 18,121 Location: Nairobi
|
Impunity wrote:Pesa Nane wrote:Confirmed!! obiero wrote:160,900 KQ sold out at KES 4.50; take home KES 708,845.. Viewing of the leaked actual financials late last night, triggered my thought pattern. one of my ladies in an established media house had filled me in.. was at the trading floor way beyond opening hour. I had to blind side a few investors and I apologise for ratting out but capital preservation preceeds integrity. However, I remain interested in the share and will likely reinvest on lower entry point I hope he has done as promised and thus wired to @VVS's Post bank account, the sum of kes. 100,000, payment being in favor of the bet they entered a few days ago. Dear @Obiero, how do I get in touch with you re: 100k to be donated to my charity of choice. Asante. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
|
|
|
Rank: Veteran Joined: 4/4/2016 Posts: 1,997 Location: Kitale
|
Pesa Nane wrote:Confirmed!! obiero wrote:160,900 KQ sold out at KES 4.50; take home KES 708,845.. Viewing of the leaked actual financials late last night, triggered my thought pattern. one of my ladies in an established media house had filled me in.. was at the trading floor way beyond opening hour. I had to blind side a few investors and I apologise for ratting out but capital preservation preceeds integrity. However, I remain interested in the share and will likely reinvest on lower entry point what was your average buying price? Towards the goal of financial freedom
|
|
|
Rank: Elder Joined: 9/20/2015 Posts: 2,811 Location: Mombasa
|
VituVingiSana wrote:Impunity wrote:Pesa Nane wrote:Confirmed!! obiero wrote:160,900 KQ sold out at KES 4.50; take home KES 708,845.. Viewing of the leaked actual financials late last night, triggered my thought pattern. one of my ladies in an established media house had filled me in.. was at the trading floor way beyond opening hour. I had to blind side a few investors and I apologise for ratting out but capital preservation preceeds integrity. However, I remain interested in the share and will likely reinvest on lower entry point I hope he has done as promised and thus wired to @VVS's Post bank account, the sum of kes. 100,000, payment being in favor of the bet they entered a few days ago. Dear @Obiero, how do I get in touch with you re: 100k to be donated to my charity of choice. Asante. Brother @obiero is a staunch christian and going by church doctrines I don't think he participates in anything resembling SportPesa, Mcheza except gambling in KQ. John 5:17 But Jesus replied, “My Father is always working, and so am I.”
|
|
|
Rank: Veteran Joined: 9/18/2014 Posts: 1,127
|
hisah wrote:lochaz-index wrote:hisah wrote:Hedged fuel contracts turned positive  Hedged exchange losses increase 38% How can the hedged fuel contracts be positive? Anyone with the breakdown of this other costs? That's a huge spike! Meanwhile the level to watch is 3.70. Price is slipping towards the 4.00 handle. Somehow the sellers are not spooked by this results based on the traded volume. Has the counter run out of sellers? Very puzzling on the hedged fuel contracts. They still booked a loss on the derivatives albeit a decreasing one. Unless they took out new contracts(for example a collar)on additional fuel needs to cancel the losses on the old fixed hedges it doesn't make sense since outright canceling the old contracts and seeking new ones comes with heavy penalties which would have shown up here. Looking at the consolidated income statement line by line reveals a very sad affair at KQ. There is still a lot of work to be done if this stock is to get back to investment grade. Save for the approximately 9b saving in direct costs(Mckinsey's trick)the rest of the deductible line items are either flat/flattish or increasing. Finance costs also spiked by some considerable margin(this one if not well managed will sink this company beyond redemption). They have probably exhausted their tax credits at this point too. On the other costs item, the only thing that comes to mind is the consultancy costs that is; Mckinsey,Seabury,PJT and crew... In my opinion, this company will not be making a PAT for the next two financial years at the very minimum. More taxpayers money will be sunk into it year on year without a clear strategy of a turn-around. Finance costs
That's a huge gamble on their huge debt being heavily denominated in USD.
Current affairs in the global market indicates being stuck with USD debt is a dangerous game as it readies to gain more strength due to brexit fallout! Plenty of forex losses next year will likely be reported again.
My word! 98%? OMG. Just when you think you've seen the worst these KQ chaps pull out the joker card. If there are any strategic investors lined up for this one...good luck to them. The main purpose of the stock market is to make fools of as many people as possible.
|
|
|
Rank: Member Joined: 2/8/2007 Posts: 808
|
|
|
|
Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
|
My question again why does the effin MD have an effin job?...Why?He earns a lot of chumz the f***er should just resign... possunt quia posse videntur
|
|
|
Rank: Member Joined: 2/16/2012 Posts: 808
|
Is there an ongoing effort to deal with the issues raised in here: http://www.standardmedia...k-deal-with-klm?pageNo=1They tried to bury us, they didn't know we were seeds.
|
|
|
Wazua
»
Investor
»
Stocks
»
KQ FY 2016 operating loss down to 4bn; net loss record (26.2bn)
Forum Jump
You cannot post new topics in this forum.
You cannot reply to topics in this forum.
You cannot delete your posts in this forum.
You cannot edit your posts in this forum.
You cannot create polls in this forum.
You cannot vote in polls in this forum.
|