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KQ in 2010-11 (Boom, Bust or Blah)
Pierce
#21 Posted : Friday, July 23, 2010 5:08:37 PM
Rank: Veteran


Joined: 3/16/2009
Posts: 1,464
The World Cup period was good for KQ compared with same time previous year....very very good!
the deal
#22 Posted : Tuesday, July 27, 2010 9:04:13 PM
Rank: Elder


Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
Btwn does KQ have Mpesa facilities on their planes...do u knw any Mpesa which work 24/7....jst realised i have money on my Mpesa...Down South hakuna Mpesa...LOL..
Gordon Gekko
#23 Posted : Tuesday, July 27, 2010 9:59:51 PM
Rank: Elder


Joined: 5/27/2008
Posts: 3,760
@the deal, never seen a base transmission station 35,000 ft in the air......
Pierce
#24 Posted : Thursday, July 29, 2010 5:25:15 PM
Rank: Veteran


Joined: 3/16/2009
Posts: 1,464
@ VVS & The Deal,

Seems the WC was very good.....we could probably take this offlinesmile
PKoli
#25 Posted : Thursday, July 29, 2010 6:58:24 PM
Rank: Elder


Joined: 2/10/2007
Posts: 1,587
Any one with a feel of the fair value for KQ? Should be trading at 60 or it is well priced at the current price?
VituVingiSana
#26 Posted : Thursday, July 29, 2010 8:33:14 PM
Rank: Chief


Joined: 1/3/2007
Posts: 18,224
Location: Nairobi
Pierce wrote:
@ VVS & The Deal,
Seems the WC was very good.....we could probably take this offlinesmile
Have they released 1Q numbers?
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
qw25041985
#27 Posted : Friday, July 30, 2010 1:17:07 AM
Rank: User


Joined: 5/9/2010
Posts: 1,418
Location: Nai
When ar they releasin their passanger numbers this suspension plus the referendum is killin me !!
Your future depends on your dreams so go to sleep !
VituVingiSana
#28 Posted : Friday, July 30, 2010 11:53:55 AM
Rank: Chief


Joined: 1/3/2007
Posts: 18,224
Location: Nairobi
KQ is at 48/- with demand strong but supply petering out... So has KQ released 1Q 2010-11 passenger stats?
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
PKoli
#29 Posted : Friday, July 30, 2010 12:06:39 PM
Rank: Elder


Joined: 2/10/2007
Posts: 1,587
@VVS,

KQ was oversold. It should trade around 65 bob in the medium term. after the referendum we should have it near 60 bob
VituVingiSana
#30 Posted : Friday, July 30, 2010 12:14:17 PM
Rank: Chief


Joined: 1/3/2007
Posts: 18,224
Location: Nairobi
Looking good for 1H 2010-11

PRESS RELEASE KENYA AIRWAYS OPERATING PERFORMANCE; 1st QTR – APRIL to JUNE 2010 Nairobi July 30th 2010…Kenya Airways releases its operating results for the first quarter ended 30th Jun 2010. The company put into the market place capacity totalling 2,814m seat kilometres which was at par with last year’s level notwithstanding the incremental destinations launched in the second half of 2009. This follows the reduction of B777 operations in the current year because of scheduled maintenance plans which necessitated increased utilisation of smaller B767s into Thailand, China and Hong Kong. Capacity offered into Europe remained unchanged compared to the same quarter of prior year. The Middle East, Far East and Asia regions registered a capacity decline of 8% despite the introduction of Muscat flights via Dubai flights largely due to the reduced B777 operations as already mentioned. The Northern Africa region grew by 5% in capacity owing to the introduction of daily flights into Juba in Southern Sudan on the Embraer aircraft. Capacity availed into the East African region shrunk by 7% compared to last year because of increased utilisation of the Embraer on short haul sectors, and better synchronization of KQ schedules with that of Precision Air on both Tanzanian and Zanzibar connections. The highest seat kilometre increase was registered in Southern Africa region. A 22% growth was due to additional frequencies into Johannesburg during the World Cup season together with the additions of N’Dola and Gaborone into the network. Capacity offered in the Central Africa region grew by 6% mainly from the successful launches of Malabo and Bangui via Douala and Kisangani connecting through Entebbe. The capacity into West Africa contracted by 9% driven by the freeing up of B767s from Lagos and Accra in order to operate long haul routes previously served by the B777s. In the Domestic front, capacity remained largely flat compared to prior year because the additional frequencies offered to Mombasa were operated by the smaller Embraer aircraft. Uptake of total production at 1,892m revenue passenger kilometres represents a 9% growth compared to last year while the total passenger tally, which closed on 666,658 increased by 4%. The growth underpins increased long haul customer travel made possible by better economic environment. The resulting average cabin factor improved from last year’s level of 61.6% to 67.2%. Cargo tonnage at 12,762 increased by 14% compared to last year’s level emphasizing the improved business atmosphere. Passenger uplift to Europe at 93,073 indicates a 16% year on year growth on the back of a stagnant capacity base resulting to 71.0% occupancy level which is 9.6 points higher. In the Middle East, Far East and Asia regions passenger traffic increased by 13% against a capacity shortfall of 8%. The realised cabin factor of 73.6% was 10.9 points better than prior year’s 62.7%. Within Africa but excluding Kenya, total enplanements totalled 366,225 being a modest 3% growth compared to a similar capacity growth, thus the resultant passenger load factor of 60.9% remained flat on prior year’s level. Passengers uplifted within Kenya at 112,020 were 6% below prior year’s level. The resulting cabin factor of 71.7% was lower than 75.5% achieved last year. Ends…/
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
PKoli
#31 Posted : Friday, July 30, 2010 12:35:46 PM
Rank: Elder


Joined: 2/10/2007
Posts: 1,587
@VVS

what about the financial numbers?
VituVingiSana
#32 Posted : Friday, July 30, 2010 12:40:20 PM
Rank: Chief


Joined: 1/3/2007
Posts: 18,224
Location: Nairobi
PKoli wrote:
@VVS

what about the financial numbers?
KQ does Financial numbers every 6 months... Next announcement for 1H 2010-11 is on 5 Nov 2010
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
PKoli
#33 Posted : Friday, July 30, 2010 12:43:46 PM
Rank: Elder


Joined: 2/10/2007
Posts: 1,587
@VVS

Thanks. A guru like you should be able decode the numbers.

So this is like an investor briefing. With such material info I should have expected KQ to be suspended from trading, or the results were released last evening?
VituVingiSana
#34 Posted : Friday, July 30, 2010 12:51:56 PM
Rank: Chief


Joined: 1/3/2007
Posts: 18,224
Location: Nairobi
PKoli wrote:
@VVS

Thanks. A guru like you should be able decode the numbers.

So this is like an investor briefing. With such material info I should have expected KQ to be suspended from trading, or the results were released last evening?
No idea... It is not on NSE website nor on KQ's website... I got it from Bloomberg...

It is not easy to decode anything coz we don't know of the flights are profitable...

The GOOD news is that the Passenger Load Factors [How full are the planes] is UP substantially on many routes...

Also the capacity has not increased but passengers have in a season (1Q Apr-Jun) which is traditionally the weakest!

The strongest is Jul-Sep (2Q) but the Referendum will cause some slowdown... I hope for a violence-free post-referendum period!!!
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
PKoli
#35 Posted : Friday, July 30, 2010 12:54:28 PM
Rank: Elder


Joined: 2/10/2007
Posts: 1,587
@VVS

Many thanks for useful info. I see potential upside on KQ share, so I will keep a few for a while.

Did you ever participate in the CiC private placement?
VituVingiSana
#36 Posted : Friday, July 30, 2010 1:04:37 PM
Rank: Chief


Joined: 1/3/2007
Posts: 18,224
Location: Nairobi
PKoli wrote:
@VVS

Many thanks for useful info. I see potential upside on KQ share, so I will keep a few for a while.

Did you ever participate in the CiC private placement?
No. I was attuned to Co-op movements... I understand CIC has done quite well...
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
PKoli
#37 Posted : Friday, July 30, 2010 1:18:55 PM
Rank: Elder


Joined: 2/10/2007
Posts: 1,587
Yeah, but the supply of shares remains low. They should give a bonus to increase supply
cnn
#38 Posted : Friday, July 30, 2010 1:21:01 PM
Rank: Veteran


Joined: 6/17/2009
Posts: 1,621
You see what they have done to KQ on that prompt board.I am glad its the last day.
VituVingiSana
#39 Posted : Friday, July 30, 2010 1:29:46 PM
Rank: Chief


Joined: 1/3/2007
Posts: 18,224
Location: Nairobi
cnn wrote:
You see what they have done to KQ on that prompt board.I am glad its the last day.
I see that! Look at the bids... The guy could have easily sold the 75k shares at better than 46/- on the regular board...!
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
the deal
#40 Posted : Friday, July 30, 2010 1:38:10 PM
Rank: Elder


Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
just seen the numbers impressive indeed...what is worth noting is 16% increase in cargo and Europe passenger no's...so the Ash didnt do much damage...i flew KQ to Joburg on Wednesday and it was full...must say Southern Africa is doing well...in btwn what suspension is @qw talking about? sorry i'm not in Kenya...
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