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KQ...free fall also bad for longterm investor
StatMeister
#21 Posted : Friday, January 27, 2012 7:44:35 PM
Rank: Veteran


Joined: 5/23/2010
Posts: 868
Location: La Islas Galápagos
the deal wrote:
It was Common knowledge that KQ was not doing well...look operating margins for half year.


@deal, i have just seen the -7.7b cash flow hedge, explains why they announced they would only sell tickets in USD
A bad day fishing is better than a good day at work
FUNKY
#22 Posted : Friday, January 27, 2012 8:56:59 PM
Rank: Veteran


Joined: 4/30/2010
Posts: 1,635
Impunity
#23 Posted : Saturday, January 28, 2012 6:22:53 AM
Rank: Elder


Joined: 3/2/2009
Posts: 26,330
Location: Masada
platinum seeker wrote:
KQ issues profit warning. Earnings for the financial year 2011/2012 will be 25% less than the previous year.



But why?
What happened?
d'oh!
Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.

VituVingiSana
#24 Posted : Monday, January 30, 2012 11:21:48 AM
Rank: Chief


Joined: 1/3/2007
Posts: 18,261
Location: Nairobi
stocksmaster wrote:
VituVingiSana wrote:
LOL... I think KQ should de-list ;-)

What happens is that there is no market for the shares thus we wait for 10 years thereafter!

IMHO, if KQ can stay on the straight & narrow... moderate the growth to match its cash availability... then the EPS could be 20/year (or better in 10 years)...


The purchase of 9 Dreamliners at a cost of between Ksh 17.5 - 20B each (thats abt Ksh 160-180B Capital requirement) should really depress dividends for a long time to come as they service the debt. Seems the rights issue proceeds will only be enough (if they manage to raise the cash) for the down payment of the 9 Dream liners.

I think KQ may be bitting more than it can chew.....should have done a gradual acquisition of the planes.

Anyway, time will tell.

Happy Hunting.
I agree... And I expressed as much to them...
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
hisah
#25 Posted : Tuesday, January 31, 2012 5:36:29 PM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
http://allafrica.com/stories/201201270109.html

Quote:
The rise in customer numbers signals better earnings for the airline, coming at a time when it is already reaping from the foreign exchange gains that followed the rapid depreciation of the shilling against major world currencies.


A few days later, a profit warning is issued. This is a stock to be sold especially with analysts very excited about the passenger growth news.

@deal - are u still holding this thing.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
the deal
#26 Posted : Tuesday, January 31, 2012 6:38:23 PM
Rank: Elder


Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
hisah wrote:
http://allafrica.com/stories/201201270109.html

Quote:
The rise in customer numbers signals better earnings for the airline, coming at a time when it is already reaping from the foreign exchange gains that followed the rapid depreciation of the shilling against major world currencies.


A few days later, a profit warning is issued. This is a stock to be sold especially with analysts very excited about the passenger growth news.

@deal - are u still holding this thing.

Naah I was buying to cost average after those dissapointing half year results, I received alot of criticism for bashing KQ's interim perfomance but the signs where there, that all is not well at the airline, I told all those close to me to avoid the stock...some of them are Wazuans they can testify smile so the little remaining shares can't give me ulcers but they will enable me to attend AGM's...
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