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Kenya Airways...why ignore..
mnunuzi
#501 Posted : Wednesday, December 04, 2013 4:37:51 PM
Rank: New-farer


Joined: 11/15/2013
Posts: 34
VituVingiSana wrote:
http://www.theeastafrican.co.ke/business/Precision-may-not-last-long-in-the-air/-/2560/2097086/-/pg3is2/-/index.html

Things are rough!

Auditors have raised fresh doubts over the future of Tanzania’s largest commercial airline, Precision Air, given its surging losses and liabilities while the government dithers on approving a bailout plan.

An audit report paints a gloomy picture of the loss-making firm, saying its liabilities had exceeded its assets by Tsh83.14 billion ($53 million).

It has also for several years not remitted its statutory deductions and indirect taxes to the government amounting to Tsh19 billion ($12 million) as of March 2013, says the report prepared by the airline’s auditors, Ernst & Young, and tabled at the annual general meeting on November 20.

If PW goes down then KQ will have to take the loss or writedown in 2H 2013-14


I don't get why they are citing fuel costs and currency cashflows as reasons. KQ actually reported gains from fuel derivatives which cover 80% of their costs. Fuel has been on the downturn. Its poor management and poor planning. They need to do total management restructuring.
Kausha
#502 Posted : Wednesday, December 04, 2013 5:59:24 PM
Rank: Member


Joined: 2/8/2007
Posts: 808
mnunuzi wrote:
VituVingiSana wrote:
http://www.theeastafrican.co.ke/business/Precision-may-not-last-long-in-the-air/-/2560/2097086/-/pg3is2/-/index.html

Things are rough!

Auditors have raised fresh doubts over the future of Tanzania’s largest commercial airline, Precision Air, given its surging losses and liabilities while the government dithers on approving a bailout plan.

An audit report paints a gloomy picture of the loss-making firm, saying its liabilities had exceeded its assets by Tsh83.14 billion ($53 million).

It has also for several years not remitted its statutory deductions and indirect taxes to the government amounting to Tsh19 billion ($12 million) as of March 2013, says the report prepared by the airline’s auditors, Ernst & Young, and tabled at the annual general meeting on November 20.

If PW goes down then KQ will have to take the loss or writedown in 2H 2013-14


I don't get why they are citing fuel costs and currency cashflows as reasons. KQ actually reported gains from fuel derivatives which cover 80% of their costs. Fuel has been on the downturn. Its poor management and poor planning. They need to do total management restructuring.


@mnunuzi, the MD, CFO, COO/CD have all been employees of KQ seconded PW ever since KQ bought into PW. Which management are you talking about. Tafakari hayo!
Magnate
#503 Posted : Wednesday, December 04, 2013 6:14:12 PM
Rank: Member


Joined: 11/1/2013
Posts: 257
mnunuzi wrote:
VituVingiSana wrote:
http://www.theeastafrican.co.ke/business/Precision-may-not-last-long-in-the-air/-/2560/2097086/-/pg3is2/-/index.html

Things are rough!

Auditors have raised fresh doubts over the future of Tanzania’s largest commercial airline, Precision Air, given its surging losses and liabilities while the government dithers on approving a bailout plan.

An audit report paints a gloomy picture of the loss-making firm, saying its liabilities had exceeded its assets by Tsh83.14 billion ($53 million).

It has also for several years not remitted its statutory deductions and indirect taxes to the government amounting to Tsh19 billion ($12 million) as of March 2013, says the report prepared by the airline’s auditors, Ernst & Young, and tabled at the annual general meeting on November 20.

If PW goes down then KQ will have to take the loss or writedown in 2H 2013-14


I don't get why they are citing fuel costs and currency cashflows as reasons. KQ actually reported gains from fuel derivatives which cover 80% of their costs. Fuel has been on the downturn. Its poor management and poor planning. They need to do total management restructuring.


Easy guys ..turn around companies never dissapoint the management has been beated and knocked down,learned their valuable lessons and have now picked up. H1 384m profit form a 7.4Bn loss is evidence of management taking shape.......Well when you are at the bottom of a pit the only direction u can move is up................soon we shall be breaking this 14.0 barrier of resistance.
No diagnosis,no pragnosis,no pragnosis no profit......Jesse livermore
obiero
#504 Posted : Saturday, December 07, 2013 6:26:22 PM
Rank: Elder


Joined: 6/23/2009
Posts: 13,518
Location: nairobi
some more good news

HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
tomtom
#505 Posted : Monday, December 09, 2013 2:56:16 PM
Rank: New-farer


Joined: 11/19/2013
Posts: 33
Both have shown poor judgement.d'oh!
mwekez@ji
#506 Posted : Monday, December 09, 2013 6:34:20 PM
Rank: Chief


Joined: 5/31/2011
Posts: 5,121
.
obiero
#507 Posted : Monday, December 09, 2013 8:55:05 PM
Rank: Elder


Joined: 6/23/2009
Posts: 13,518
Location: nairobi
solidly approaching KES 14. @wazuans, full year results will send this thing to the high heavens. thank me later

HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
jokes
#508 Posted : Tuesday, December 10, 2013 8:51:24 AM
Rank: Member


Joined: 7/1/2008
Posts: 323
I sold my shares at 13.95 made my shares 40% profit and waiting it to fall farther down i purchase again.
Sufficiently Philanga....thropic
#509 Posted : Tuesday, December 10, 2013 9:34:03 AM
Rank: Elder


Joined: 9/23/2010
Posts: 2,220
Location: Sundowner,Amboseli
jokes wrote:
I sold my shares at 13.95 made my shares 40% profit and waiting it to fall farther down i purchase again.

Im sorry,went down to 12bob. Should have grabbed them there.
@SufficientlyP
Magnate
#510 Posted : Tuesday, December 10, 2013 2:24:48 PM
Rank: Member


Joined: 11/1/2013
Posts: 257
obiero wrote:
some more good news


Lets focus on the good news.from the H1 investors briefing...........

Its worth contextualising these first half results against the backdrop of that reporting period, which period included the JKIA fire (that adversely affected transit passengers through Nairobi), the terror attack at Westgate amongst other headline events.


Kenya Airways took delivery of its first Boeing 777-300ER this month and expects two more of the same planes in 2014. It also expects Boeing to deliver its first four Boeing 787 Dreamliner planes starting in March.
The new Dreamliners will replace the airline's ageing fleet of B-767s for long-haul routes, offering 20 per cent more fuel efficiency.



The average price of jet fuel per gallon in US cents declined 10 per cent versus the previous year and I expect that trend to remain intact in second half as the US and Iran continue to deflate the geopolitical premium in the price of oil. Also consider that fuel Costs represented 37 per cent of total operating costs
- See more at: http://www.the-star.co.k...th#sthash.gBES8uff.dpuf


My target price is 20 bob+ by June 2014.
This counter presents for me an upside potential of +45% within the next 6 months.
No diagnosis,no pragnosis,no pragnosis no profit......Jesse livermore
obiero
#511 Posted : Wednesday, January 08, 2014 8:11:02 PM
Rank: Elder


Joined: 6/23/2009
Posts: 13,518
Location: nairobi
Magnate wrote:
obiero wrote:
some more good news


Lets focus on the good news.from the H1 investors briefing...........

Its worth contextualising these first half results against the backdrop of that reporting period, which period included the JKIA fire (that adversely affected transit passengers through Nairobi), the terror attack at Westgate amongst other headline events.


Kenya Airways took delivery of its first Boeing 777-300ER this month and expects two more of the same planes in 2014. It also expects Boeing to deliver its first four Boeing 787 Dreamliner planes starting in March.
The new Dreamliners will replace the airline's ageing fleet of B-767s for long-haul routes, offering 20 per cent more fuel efficiency.



The average price of jet fuel per gallon in US cents declined 10 per cent versus the previous year and I expect that trend to remain intact in second half as the US and Iran continue to deflate the geopolitical premium in the price of oil. Also consider that fuel Costs represented 37 per cent of total operating costs
- See more at: http://www.the-star.co.k...th#sthash.gBES8uff.dpuf


My target price is 20 bob+ by June 2014.
This counter presents for me an upside potential of +45% within the next 6 months.

^ preach preacher

HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
obiero
#512 Posted : Wednesday, January 08, 2014 8:27:22 PM
Rank: Elder


Joined: 6/23/2009
Posts: 13,518
Location: nairobi
KES1.156B is the full year profit if run rate is sustained www.capitalfm.co.ke/busi...ikuni-to-make-2014-exit/

HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
Moruri
#513 Posted : Wednesday, January 08, 2014 10:27:32 PM
Rank: Hello


Joined: 1/8/2014
Posts: 3
@Obiero, please what is your email? I would like to reach you.Thx
obiero
#514 Posted : Wednesday, January 08, 2014 11:04:57 PM
Rank: Elder


Joined: 6/23/2009
Posts: 13,518
Location: nairobi
Moruri wrote:
@Obiero, please what is your email? I would like to reach you.Thx

@obierocollins

HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
VituVingiSana
#515 Posted : Thursday, January 09, 2014 12:31:59 PM
Rank: Chief


Joined: 1/3/2007
Posts: 18,103
Location: Nairobi
@obiero - Since I don't follow KQ anymore... What does that EPS equate to?
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
obiero
#516 Posted : Thursday, January 09, 2014 7:16:17 PM
Rank: Elder


Joined: 6/23/2009
Posts: 13,518
Location: nairobi
VituVingiSana wrote:
@obiero - Since I don't follow KQ anymore... What does that EPS equate to?

EPS will be 0.52 at equal run rate

HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
Moruri
#517 Posted : Thursday, January 09, 2014 10:26:20 PM
Rank: Hello


Joined: 1/8/2014
Posts: 3
@Obiero,please drop me your email on bmoruri@gmail.com
mchambuzi
#518 Posted : Thursday, January 09, 2014 10:34:37 PM
Rank: New-farer


Joined: 11/17/2013
Posts: 80
Location: Juja
Fuel has declined much further and seems to be heading lower, if the fuel derivatives in their last FS are anything to go by, then they will report substantial profits from the contracts
On a long enough timeline, the life expectancy of everyone drops to zero.
obiero
#519 Posted : Friday, January 10, 2014 6:40:19 PM
Rank: Elder


Joined: 6/23/2009
Posts: 13,518
Location: nairobi
mchambuzi wrote:
Fuel has declined much further and seems to be heading lower, if the fuel derivatives in their last FS are anything to go by, then they will report substantial profits from the contracts

The KQ plane is taxiing the runway ready for take off

HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
VituVingiSana
#520 Posted : Sunday, January 12, 2014 2:12:36 AM
Rank: Chief


Joined: 1/3/2007
Posts: 18,103
Location: Nairobi
obiero wrote:
VituVingiSana wrote:
@obiero - Since I don't follow KQ anymore... What does that EPS equate to?

EPS will be 0.52 at equal run rate
That's PER of 25 ... At EPS of 1 it's PER of 13.5 ... Seems pricey vs other shares unless 2014-15 is expected to be much better.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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