nairobby wrote:obiero wrote:That AGM left me more confused.. It's better if I hadn't made the effort to attend. My takehome message was via dear MJ who was bold enough to state that KQ will still run at a loss through to 2021 incase the airline does not grow it's revenue aggressively..
That's ridiculous. Why would you hold such a stock???
Is the board and mgmt trying to say there is no way to reduce operational costs? If that isn't possible just close the damn thing.
The share price is primed to fall faster than novice @Wanjiku can average down.
Yesterday there was demand as speculators were expecting good news from AGM. MJ's remark has caused stir and panic now you can see demand has dried up as traders retreat.
John 5:17 But Jesus replied, “My Father is always working, and so am I.”