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KQ FY15 Loss of Ksh. 26 Bn
Rank: Chief Joined: 8/4/2010 Posts: 8,977
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innairobi wrote:Citi lured KQ into hedging first. The other banksters must have joined in the party thanks to Citi alumni. What a pity. @Othelo thanks for the Standard bank clarification.
Those hedges are nasty golden handcuffs. I wonder what happens if the client breaches the contract. $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Elder Joined: 2/16/2007 Posts: 2,114
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babaroy wrote:Ash Ock wrote:Robert Alai. Has no clue whatsoever how the aircraft industry works nor how aircraft financing works. 99% jibber-jabber. this article was posted in march this year...the shit has finally hit the fan Wow,what a dossier..and that ex-CEO has not sued regarding the bit about a girl friend(i,e if not true)?
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Rank: Elder Joined: 7/21/2010 Posts: 6,184 Location: nairobi
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This M.D. can be optimistic but optimism without funding is an elusive dream "Don't let the fear of losing be greater than the excitement of winning."
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Rank: User Joined: 1/20/2014 Posts: 3,528
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hisah wrote:innairobi wrote:Citi lured KQ into hedging first. The other banksters must have joined in the party thanks to Citi alumni. What a pity. @Othelo thanks for the Standard bank clarification.
Those hedges are nasty golden handcuffs. I wonder what happens if the client breaches the contract. Spot on!!!  Formal education will make you a living. Self-education will make you a fortune - Jim Rohn.
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Rank: Elder Joined: 12/4/2009 Posts: 10,703 Location: NAIROBI
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Afrexim bank are the ones loaning them $200mn. Shareholders in KQ own nothing;lenders are the ones that own the airline Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Veteran Joined: 11/15/2013 Posts: 1,977 Location: Here
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Wagwan Buda boss ustake jua.My brother yiu should have listened.. .25 Birrion  i think as a person you make more money than KQ. so what next mr prophet? Everybody STEALS, a THIEF is one who's CAUGHT stealing something of LITTLE VALUE. !!!
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Rank: Elder Joined: 2/16/2007 Posts: 2,114
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KQ should change their slogan to read.."the shame of Africa"..In a lay man's perspective,what exactly is a loss?Does it mean all income went to expenses and that they still owe creditors?
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Rank: Member Joined: 1/3/2014 Posts: 257
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A loss was on the cards but surely not this huge! For those holding KQ this must be so brutally painful.
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Rank: Elder Joined: 6/23/2009 Posts: 13,568 Location: nairobi
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Boris Boyka wrote:Wagwan Buda boss ustake jua.My brother yiu should have listened.. .25 Birrion i think as a person you make more money than KQ. so what next mr prophet? The extreme tank in price over yesterday and definitely today too cannot allow me to sell. Currently I am down Kes 135,450 being difference in total purchase price and current market price.. Avg buying price Kes 8.6. Im locked in, seat belt tied, ready to crash
COOP 70,000 ABP 15.20; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Veteran Joined: 11/19/2010 Posts: 1,308 Location: nairobi metropolitan
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This is the curse of most companies where government has majority shares. The employees become the owner and the courts more often than not back employees who areare paid salaries out of this world. Their contracts are inflated and the other end game is that their products or services become too expensive, because of competition. But what else do I expect when greed overcomes reason? Democracy does not belong to the dead
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Rank: Member Joined: 12/21/2009 Posts: 602
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And what is KLM's role in all of this? At ~27% they have to have lost more than they can gain from taking over the route should KQ go belly-up..No?
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Rank: New-farer Joined: 7/1/2015 Posts: 67
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obiero wrote:Boris Boyka wrote:Wagwan Buda boss ustake jua.My brother yiu should have listened.. .25 Birrion i think as a person you make more money than KQ. so what next mr prophet? The extreme tank in price over yesterday and definitely today too cannot allow me to sell. Currently I am down Kes 135,450 being difference in total purchase price and current market price.. Avg buying price Kes 8.6. Im locked in, seat belt tied, ready to crash we are in it together@ elder. you almostcracked my ribs. am averaging down if the ship crushes, i write off “It’s no good, it’s no good!” says the buyer—
then goes off and boasts about the purchase-Proverbs 20:14
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Rank: Elder Joined: 6/2/2011 Posts: 4,818 Location: -1.2107, 36.8831
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 Receive with simplicity everything that happens to you.” ― Rashi
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Rank: Elder Joined: 4/22/2009 Posts: 2,863
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An ideal one for "funny pictures" thread. IF YOU EXPECT ME TO POST ANYTHING POSITIVE ABOUT ASENO, YOU MAY AS WELL SIT ON A PIN
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Rank: Elder Joined: 5/25/2012 Posts: 4,105 Location: 08c
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 Pesa Nane plans to be shilingi when he grows up.
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Rank: Member Joined: 1/3/2014 Posts: 257
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@Obiero must be agonizing, been there before and I know it is tough to stomach. Hang tight! @Sam_Kibs averaging down is even more bold than digging in. It is certainly your decision but my take is the price will still go lower. I'd say hold on to your money and wait for the bargains that are in the horizon. Sam_Kibs wrote:obiero wrote:Boris Boyka wrote:Wagwan Buda boss ustake jua.My brother yiu should have listened.. .25 Birrion i think as a person you make more money than KQ. so what next mr prophet? The extreme tank in price over yesterday and definitely today too cannot allow me to sell. Currently I am down Kes 135,450 being difference in total purchase price and current market price.. Avg buying price Kes 8.6. Im locked in, seat belt tied, ready to crash we are in it together@ elder. you almostcracked my ribs. am averaging down if the ship crushes, i write off
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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snipermnoma wrote:@Obiero must be agonizing, been there before and I know it is tough to stomach. Hang tight! @Sam_Kibs averaging down is even more bold than digging in. It is certainly your decision but my take is the price will still go lower. I'd say hold on to your money and wait for the bargains that are in the horizon. Sam_Kibs wrote:obiero wrote:Boris Boyka wrote:Wagwan Buda boss ustake jua.My brother yiu should have listened.. .25 Birrion i think as a person you make more money than KQ. so what next mr prophet? The extreme tank in price over yesterday and definitely today too cannot allow me to sell. Currently I am down Kes 135,450 being difference in total purchase price and current market price.. Avg buying price Kes 8.6. Im locked in, seat belt tied, ready to crash we are in it together@ elder. you almostcracked my ribs. am averaging down if the ship crushes, i write off KQ will be down for a long while. Better to cut your losses, sell KQ, take advantage of the coming discounts to buy blue chips. Life is short. Live passionately.
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Rank: Elder Joined: 6/23/2009 Posts: 13,568 Location: nairobi
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snipermnoma wrote:@Obiero must be agonizing, been there before and I know it is tough to stomach. Hang tight! @Sam_Kibs averaging down is even more bold than digging in. It is certainly your decision but my take is the price will still go lower. I'd say hold on to your money and wait for the bargains that are in the horizon. Sam_Kibs wrote:obiero wrote:Boris Boyka wrote:Wagwan Buda boss ustake jua.My brother yiu should have listened.. .25 Birrion i think as a person you make more money than KQ. so what next mr prophet? The extreme tank in price over yesterday and definitely today too cannot allow me to sell. Currently I am down Kes 135,450 being difference in total purchase price and current market price.. Avg buying price Kes 8.6. Im locked in, seat belt tied, ready to crash we are in it together@ elder. you almostcracked my ribs. am averaging down if the ship crushes, i write off One thing should be clear to all, insolvent or not, KQ cannot wind up.. Government will not let that happen, so the money is safe albeit reducing.. I will not buy more in the next one week awaiting price discovery by the NSE.. KQ does not know how to manage the media. Thats why Ngunze is not even on twitter unlike Oigara, Collymore, Mworia.. KQ should not be a loss making firm and I was shocked when the CEO blamed his competitors for his bad luck. Never shift the blame, own up and step up!
COOP 70,000 ABP 15.20; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Member Joined: 11/15/2010 Posts: 454 Location: Nairobi
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Chaka wrote:babaroy wrote:Ash Ock wrote:Robert Alai. Has no clue whatsoever how the aircraft industry works nor how aircraft financing works. 99% jibber-jabber. this article was posted in march this year...the shit has finally hit the fan Wow,what a dossier..and that ex-CEO has not sued regarding the bit about a girl friend(i,e if not true)? I think there is some truth in it. ever visited Nairobi's entertainment joints?, me I do, and it always leave me wondering where do guys get their money cuz they spend it as if they are competing. ....He who began a good work in you will carry it on to completion..
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Rank: Member Joined: 6/15/2013 Posts: 301
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For the argument of averaging down i would wait until the real bear is in town to obtain KQ at its lowest. All the same this share requires a 5-10 year horizon to make worthwhile gains.
But my question is; Who do you reckon are the two major shareholders that the senate committee mentioned have been buying KQ shares in bulk as the price has been tanking??
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KQ FY15 Loss of Ksh. 26 Bn
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