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Kenya Airways...why ignore.. end 2025
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obiero
#5701 Posted : Friday, September 23, 2016 5:47:02 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,477
Location: nairobi
sparkly wrote:
obiero wrote:
VituVingiSana wrote:
obiero wrote:
ARAP CHARLES wrote:
obiero wrote:
3rd highest gainer at the NSE today.. Last boarding call already issued, even two tyres bursts can't deflate the rally.. @vvs you can comment

obiero interesting stuff.. which metal were you made..i wish I was made with such metal . you are a MAN standing tall no matter the Nature of the waves in the Sea.. I guess even Chris is Holding things so tight with the head hidden in the dust!!

@arapcharles this time I shall have my cake and eat it too.. most of the asset sales were not captured in last year's results, including the 2 last plane offloads as well as the landing slot. In the same H1, 5 acres of the KQ Embakasi land was sold to KEMSA and payment received. Multiple MICE occurrence as well as new routing of the slimmed down fleet count have boosted revenue and resultant profit. Net finance costs will also take a tumble in H2 via the banking ammendment act. The very last of Mbugua's oil hedges sunk on the 20th of this month. Expect a bottomline profit in H2. Take off is confirmed

Ahhh! Thanks for that info. So no point in buying just yet.
All those one-off asset sales and even then a loss for 1H 2016-17?

Commonsense dictates that upon release of the vastly improved H1, the share will rise by some margin.. Even when dating, hope plays a major role. Faith in the unseen. The time is now


Follow your heart

Amen @sparkly
COOP 306,100 ABP 31.96, KEGN 112,100 ABP 10.64, MTNU 131,000 ABP 10.21
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Gatheuzi
#5702 Posted : Friday, September 23, 2016 6:22:14 PM
Rank: Veteran

Joined: 8/16/2009
Posts: 994
obiero wrote:
@gatheuzi I see you.. Meanwhile plans are in hot gear to shoot down the agenda for director remuneration. That AGM will be fire

Applause Applause I will watch and confirm if DJ will say the "b" word again this time round.
Time is money, so money is time. Money saved is time gained in reverse! Money stores your life’s energy. You expend your energy, get paid money, and store that money for a future purchase made in a currency.
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obiero
#5703 Posted : Friday, September 23, 2016 8:27:20 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,477
Location: nairobi
Gatheuzi wrote:
obiero wrote:
@gatheuzi I see you.. Meanwhile plans are in hot gear to shoot down the agenda for director remuneration. That AGM will be fire

Applause Applause I will watch and confirm if DJ will say the "b" word again this time round.

I shall be right next to the DJ in a light blue Armani suit
COOP 306,100 ABP 31.96, KEGN 112,100 ABP 10.64, MTNU 131,000 ABP 10.21
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obiero
#5704 Posted : Sunday, September 25, 2016 10:12:14 AM
Rank: Elder

Joined: 6/23/2009
Posts: 14,477
Location: nairobi
Spikes wrote:
obiero wrote:


Ooh just to comply.

Days away..
10+ reasons to believe in operation pride atKQ:
1. End of hedging policy
2. Cut off on HOTAC and other operational expenses
3. Rightsizing of the workforce
4. Fuel efficient planes
5. Route optimization especially in Africa
6. Category 1 status at main hub
7. GoK guaranteed debt at reduced pay out
8. Sale of non critical assets
9. Global reduction in fuel costs
10. Revival in KE tourism
11. Budget carrier for booming middle-class
12. Cleaned-up board and management
13. Debt tenor restructure by main bankers. Plus recent rate cap by HE Uhuru
14. Financial revamp by transaction advisers
COOP 306,100 ABP 31.96, KEGN 112,100 ABP 10.64, MTNU 131,000 ABP 10.21
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  | | Edit by user: Sunday, September 25, 2016 2:26 PM | Reason: Not specified
VituVingiSana
#5705 Posted : Sunday, September 25, 2016 4:41:58 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,439
Location: Nairobi
All these stories. All talk, no action.

KK made Kenya's largest loss by a (listed) firm of KES 6bn. Then it was smashed by KQ year after year.

Ohana came in, didn't give shareholders stories but started working to reduce expenses. Within 18 months, KK was profitable.

There was no bailout by GoK. No government support. No big stories. No freebies to PR folk. No "GoK guaranteed debt at reduced pay out". No "Cleaned-up board and management" after 4 years.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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obiero
#5706 Posted : Sunday, September 25, 2016 5:22:45 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,477
Location: nairobi
VituVingiSana wrote:
All these stories. All talk, no action.

KK made Kenya's largest loss by a (listed) firm of KES 6bn. Then it was smashed by KQ year after year.

Ohana came in, didn't give shareholders stories but started working to reduce expenses. Within 18 months, KK was profitable.

There was no bailout by GoK. No government support. No big stories. No freebies to PR folk. No "GoK guaranteed debt at reduced pay out". No "Cleaned-up board and management" after 4 years.

Hold your horses @vvs
COOP 306,100 ABP 31.96, KEGN 112,100 ABP 10.64, MTNU 131,000 ABP 10.21
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sparkly
#5707 Posted : Sunday, September 25, 2016 10:25:06 PM
Rank: Elder

Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
obiero wrote:
Spikes wrote:
obiero wrote:


Ooh just to comply.

Days away..
10+ reasons to believe in operation pride atKQ:
1. End of hedging policy
2. Cut off on HOTAC and other operational expenses
3. Rightsizing of the workforce
4. Fuel efficient planes
5. Route optimization especially in Africa
6. Category 1 status at main hub
7. GoK guaranteed debt at reduced pay out
8. Sale of non critical assets
9. Global reduction in fuel costs
10. Revival in KE tourism
11. Budget carrier for booming middle-class
12. Cleaned-up board and management
13. Debt tenor restructure by main bankers. Plus recent rate cap by HE Uhuru
14. Financial revamp by transaction advisers


The only item that matters "increase sales" is missing from the list.
Life is short. Live passionately.
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VituVingiSana
#5708 Posted : Monday, September 26, 2016 1:21:16 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,439
Location: Nairobi
sparkly wrote:
obiero wrote:
Spikes wrote:
obiero wrote:


Ooh just to comply.

Days away..
10+ reasons to believe in operation pride atKQ:
1. End of hedging policy
2. Cut off on HOTAC and other operational expenses
3. Rightsizing of the workforce
4. Fuel efficient planes
5. Route optimization especially in Africa
6. Category 1 status at main hub
7. GoK guaranteed debt at reduced pay out
8. Sale of non critical assets
9. Global reduction in fuel costs
10. Revival in KE tourism
11. Budget carrier for booming middle-class
12. Cleaned-up board and management
13. Debt tenor restructure by main bankers. Plus recent rate cap by HE Uhuru
14. Financial revamp by transaction advisers


The only item that matters "increase sales" is missing from the list.

Laughing out loudly Laughing out loudly Laughing out loudly You mean "increase sales faster than expenses" Applause Applause Applause
After deducting the "profits from sale of assets [land, LHR slot]", I wonder if there is anything left to write home about.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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  | | Edit by user: Monday, September 26, 2016 1:22 AM | Reason: Not specified
VituVingiSana
#5709 Posted : Monday, September 26, 2016 9:51:44 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,439
Location: Nairobi
Turns out... KQ can't even run a much smaller airline - Precision Air - without making huge losses despite having only 10 planes since 2013. d'oh! d'oh! d'oh!

Revenue = TZS 90.75bn
Loss After Tax = 91.68bn

I kid you not. The idiots lost more than the REVENUE they took in.

"The Group incurred a net loss of TZS 92 billion for the year ended 31 March 2016 (31 March 2015: loss of TZS 84 billion) and as at that date, the Group’s current liabilities exceeded its current assets by TZS 232 billion (31 March 2015: TZS 139 billion). The Group was also in a shareholders’ deficit position of TZS 206 billion as at that date (31 March 2015: TZS 114 billion).
Furthermore, the Company incurred a net loss of TZS 91 billion for the year ended 31 March 2016 (31 March 2015: loss of TZS 83 billion) and as at that date, the Company’s current liabilities exceeded its current assets by TZS 228 billion (31 March 2015: TZS 136 billion). The Company was also in a shareholders’ deficit position of TZS 204 billion as at that date (31 March 2015: TZS 113 billion).
The Group continues to face working capital challenges to support its working capital requirements and to honour, in time, repayment of maturing loan obligations. The Group also has delayed remittance of statutory deductions and taxes to relevant authorities. These conditions give rise to uncertainty that may cast doubt about the Group’s ability to continue as a going concern and, therefore, the Group may be unable to realise its assets and discharge its liabilities in the normal course of business."
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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  | | Edit by user: Monday, September 26, 2016 10:03 AM | Reason: Not specified
ArrestedDev
#5710 Posted : Monday, September 26, 2016 1:12:16 PM
Rank: Member

Joined: 5/29/2016
Posts: 898
Location: Nairobi
VituVingiSana wrote:
Turns out... KQ can't even run a much smaller airline - Precision Air - without making huge losses despite having only 10 planes since 2013. d'oh! d'oh! d'oh!

Revenue = TZS 90.75bn
Loss After Tax = 91.68bn

I kid you not. The idiots lost more than the REVENUE they took in.

"The Group incurred a net loss of TZS 92 billion for the year ended 31 March 2016 (31 March 2015: loss of TZS 84 billion) and as at that date, the Group’s current liabilities exceeded its current assets by TZS 232 billion (31 March 2015: TZS 139 billion). The Group was also in a shareholders’ deficit position of TZS 206 billion as at that date (31 March 2015: TZS 114 billion).
Furthermore, the Company incurred a net loss of TZS 91 billion for the year ended 31 March 2016 (31 March 2015: loss of TZS 83 billion) and as at that date, the Company’s current liabilities exceeded its current assets by TZS 228 billion (31 March 2015: TZS 136 billion). The Company was also in a shareholders’ deficit position of TZS 204 billion as at that date (31 March 2015: TZS 113 billion).
The Group continues to face working capital challenges to support its working capital requirements and to honour, in time, repayment of maturing loan obligations. The Group also has delayed remittance of statutory deductions and taxes to relevant authorities. These conditions give rise to uncertainty that may cast doubt about the Group’s ability to continue as a going concern and, therefore, the Group may be unable to realise its assets and discharge its liabilities in the normal course of business."


They are not in control of Precision at all yet they have a controlling stake. Naikuni still sit in the board of Precision. The propellers being used by Precision are very efficient and can be used to plug some gaps but there is nothing go on. It is just a TZ domestic carrier being used as a feeder airline by Qatar Airways.
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