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KQ posts 2.035 billion PAT
mwanahisa
#1 Posted : Friday, June 04, 2010 6:52:07 AM
Rank: Elder


Joined: 6/2/2008
Posts: 1,438
I am at the KQ Investor briefing . Increase of 150%. EPS 4.38 or thereabouts. Dividend Kshs 1.00.
VituVingiSana
#2 Posted : Friday, June 04, 2010 6:57:24 AM
Rank: Chief


Joined: 1/3/2007
Posts: 18,121
Location: Nairobi
Asante. Lower than my estimates. I had 5-7. What is breakdown between Operating Profits & Comprehensive Profits?
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
VituVingiSana
#3 Posted : Friday, June 04, 2010 7:14:07 AM
Rank: Chief


Joined: 1/3/2007
Posts: 18,121
Location: Nairobi
PAT = 2.035bn (EPS = 4.40)
Comprehensive EPS = 3.210bn (EPS = 6.94)
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
mwanahisa
#4 Posted : Friday, June 04, 2010 7:22:16 AM
Rank: Elder


Joined: 6/2/2008
Posts: 1,438
U beat me to it although I ve not seen the comprehensive income figures. Operating profits down to 1.839 billion from 4.0420 b last yr. Fair value on fuel hedges up to 6.14 b from -7.53 b last yr.
VituVingiSana
#5 Posted : Friday, June 04, 2010 7:38:46 AM
Rank: Chief


Joined: 1/3/2007
Posts: 18,121
Location: Nairobi
Staff costs up by 2.1bn (including back pay). I hope the staff start working harder to justify the additional pay...

Depreciation up 700mn for new planes + Pride Center
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Govmusili
#6 Posted : Friday, June 04, 2010 7:40:52 AM
Rank: New-farer


Joined: 1/13/2010
Posts: 85
Location: Nairobi
damn!! not too bad but not as good as expected, the share seems to have reacted -vely to the news.
This is the time sir alex calls 'squakey bum time', should we bail ama tu kae ngumo what do u guyz think
Sad
VituVingiSana
#7 Posted : Friday, June 04, 2010 7:47:06 AM
Rank: Chief


Joined: 1/3/2007
Posts: 18,121
Location: Nairobi
Price dropping like a rock. Down to 54.50 (from 56.50 yesterday)...

EPS looks weak but NAV is 43/- (recent KES depreciation vs US$ will boost 'value'of planes in KES)...

Anyone at the Briefing? What are prospects for 2010?
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
the deal
#8 Posted : Friday, June 04, 2010 8:05:29 AM
Rank: Elder


Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
[quote=Govmusili]damn!! not too bad but not as good as expected, the share seems to have reacted -vely to the news.
This is the time sir alex calls 'squakey bum time', should we bail ama tu kae ngumo what do u guyz think
Sad [/quoti'm impressed a PAT of 2.035 Bil in a recession is no joke...most airlines are making huge losses...the share price has nothing to do with the business...its suffering from demand-supply dynamics....
MaichBlack
#9 Posted : Friday, June 04, 2010 8:11:44 AM
Rank: Elder


Joined: 7/22/2009
Posts: 7,460
Govmusili wrote:

This is the time sir alex calls 'squakey bum time', should we bail ama tu kae ngumo what do u guyz think
Sad


I didn't expect to see red on this counter today, so this (share price movement) is definitely not good news. But one thing is for sure, I ain't bailing out yet. Mind you, I am heavily invested in this counter! This might be temporary and does not reflect the performance of the company. The last time KQ announced their results, the share price took a beating for a week or so and then from there it was up and up. No need to panic - it leads to irrational behaviour!
Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
Kamaa
#10 Posted : Friday, June 04, 2010 8:25:35 AM
Rank: Veteran


Joined: 10/6/2007
Posts: 1,177
Location: Nairobi - Kenya
the downward mvt only confirms that the market had high hopes with kq...

pple are bidding as low as 52/- oooch!

it's time to buy buy buy!
When you hear what I say, you will not understand. When you see what I do, you will not comprehend
2012
#11 Posted : Friday, June 04, 2010 8:27:38 AM
Rank: Elder


Joined: 12/9/2009
Posts: 6,592
Location: Nairobi
Yaani you can now get KQ @52/-
I dream to get some within this month @45

BBI will solve it
:)
qw25041985
#12 Posted : Friday, June 04, 2010 8:30:00 AM
Rank: User


Joined: 5/9/2010
Posts: 1,418
Location: Nai
@ gov. I agree w/ u. This is just a temporary movement. Because how can a company make such a big profit from a string of losses in the past years and the share price moves south ? I believe there ar bargain hunters waitin for this share at 50.00. And they'll push this price up to the resistance of 66.00. PLEASE DONOT PANIC SELL. there is nothin warrantin panic selling.
Your future depends on your dreams so go to sleep !
the deal
#13 Posted : Friday, June 04, 2010 8:41:27 AM
Rank: Elder


Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
A PE of 12.8 from a PE of -8.8...sector PE of 20...its definitely now the cheapest in this sector...
sparkly
#14 Posted : Friday, June 04, 2010 8:45:44 AM
Rank: Elder


Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
qw25041985 wrote:
PLEASE DONOT PANIC SELL. there is nothin warrantin panic selling.

Lol stop watching the ticker unless if you have an ambulance to revive you nearby...
Life is short. Live passionately.
the deal
#15 Posted : Friday, June 04, 2010 8:59:05 AM
Rank: Elder


Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
sparkly wrote:
qw25041985 wrote:
PLEASE DONOT PANIC SELL. there is nothin warrantin panic selling.

Lol stop watching the ticker unless if you have an ambulance to revive you nearby...

the foreigners are not selling...i'm sure they will be back next week to mop up this excess supply...the European debt crisis are easing... @sparkly true i wont look at the ticker the whole day...
guru267
#16 Posted : Friday, June 04, 2010 9:18:55 AM
Rank: Elder


Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
these results are fair but we must all expect this counter to sell off reason being that the results are way lower than expected and the dividend yield is a mere 1.7% until this time next year...

i dont expect the counter to fall heavily but IMHO if anyone is expecting a serious rise in the share price then they would be expecting too much...
Mark 12:29
Deuteronomy 4:16
qw25041985
#17 Posted : Friday, June 04, 2010 9:44:09 AM
Rank: User


Joined: 5/9/2010
Posts: 1,418
Location: Nai
@ guru267. U want to tell me that this counter willnt reach 66.00 inthe comin days . I thats being to pesimistic. Or hav u panic sold .LOL. I chose 66.00 (1 year high) coz if it crosses this price the next stop over'll b at 74.00. Surelly things cannot b that bad. What was the expectation 1 trillion. ???? LOL. LOL
Your future depends on your dreams so go to sleep !
gathinga
#18 Posted : Friday, June 04, 2010 10:04:57 AM
Rank: Veteran


Joined: 11/30/2006
Posts: 635
Not good at all

Turnover down 1b from prior period
Operating profit down 2.2b despite 5.7b reduction in fuel costs
Overheads up 3.4b (28%)
Meaning, were it not for the 6.1b gains in fuel valu derivatives, this company would have repored a loss of 3.6b


the deal
#19 Posted : Friday, June 04, 2010 10:13:54 AM
Rank: Elder


Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
gathinga wrote:
Not good at all

Turnover down 1b from prior period
Operating profit down 2.2b despite 5.7b reduction in fuel costs
Overheads up 3.4b (28%)
Meaning, were it not for the 6.1b gains in fuel valu derivatives, this company would have repored a loss of 3.6b



ja i agree with u there...the operational results were a disaster...@qw i took a closer look at the results the hedges saved our necks...
the deal
#20 Posted : Friday, June 04, 2010 12:13:16 PM
Rank: Elder


Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
Q1 passenger numbers will be out soon...we will see how good is 2010....
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