obiero wrote:VituVingiSana wrote:sparkly wrote:obiero wrote:And they dared ask the exchange bar why Bamburi appears on Yasserbigchair list of stocks to sell since 2016
We are more curious as to why KQ does not appear on that list
A shareholder with one share of Bamburi has seen more income from the interim dividend than KQ has seen for 7 years!
These were the kind of statements KQ shareholders used to make back in the day.. Business is cyclical
Yes, it is.
Is the statement true?
So why are you dissing cash-rich Bamburi that spent 8bn expanding capacity in 2018 and plans to pay a hefty dividend for FY 2018 for one year that was lousy?
Same for a host of firms which saw reduced profits (not even losses) in FY2017- 2018-2019.
BTW, when was the last time "cyclical" KQ made a profit?
After a 14bn Rights Issue?
After a massive bailout by KQLC and GoK?
When does the cycle turn?
BUT if you believe in KQ so much, why aren't you buying more KQ?
I added some Unga and KenyaRe recently. Putting my (KK) money where my mouth is.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett