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KQ posts 2.035 billion PAT
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guru267
#51 Posted : Monday, June 07, 2010 1:48:20 PM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
VituVingiSana wrote:
@guru
“We prefer a weak shilling since we earn in dollars” said the group financial director, Mr Alex Mbugua.


@VVS given this then recent movements in the Euro must be making you smile East to West because the Kenya shilling did trade at 82 against the dollar at some point today...
Mark 12:29
Deuteronomy 4:16
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VituVingiSana
#52 Posted : Monday, June 07, 2010 2:54:10 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,344
Location: Nairobi
guru267 wrote:
VituVingiSana wrote:
@guru
“We prefer a weak shilling since we earn in dollars” said the group financial director, Mr Alex Mbugua.


@VVS given this then recent movements in the Euro must be making you smile East to West because the Kenya shilling did trade at 82 against the dollar at some point today...


Not quite... After all I am paying more for petrol among other (important) imported goods!
I am not sure how this will affect KK coz when prices rise, the margins are squeezed...

I am surprised at the strength of the US$.

I think there is a lot of speculation going on for the US$ (not necessarily against the KES)... Many exporters will be happy.

As for KQ, yes it will benefit them but only if they can boost sales substantially!
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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2012
#53 Posted : Tuesday, June 08, 2010 2:17:46 PM
Rank: Elder

Joined: 12/9/2009
Posts: 6,592
Location: Nairobi
the deal wrote:
2012 wrote:
Forget today. The real test is from Monday with the orders placed today. I hope you all managed to place your sell orders @48 smile

whats your buying price 48 forget...we wont go that low...mayb 52 then we will power up..


@ the deal
I now think @48 I was being too pessimistic. Let's see... I think 44 is still higher than I'm willing to pay... See you there.

BBI will solve it :)
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the deal
#54 Posted : Tuesday, June 08, 2010 2:32:57 PM
Rank: Elder

Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
@2012 maybe i will sell you at 44...but who knows maybe u are the one who will sell to someone @ 5 bob...LOL.
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qw25041985
#55 Posted : Tuesday, June 08, 2010 2:43:52 PM
Rank: User

Joined: 5/9/2010
Posts: 1,418
Location: Nai
From 50.00 its a free fall. The more it fall the more it rises . I think this is the best stock investment rule that i love. LOL.
Your future depends on your dreams so go to sleep !
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Wa_ithaka
#56 Posted : Tuesday, June 08, 2010 3:14:52 PM
Rank: Veteran

Joined: 1/7/2010
Posts: 1,279
Location: nbi
qwxyz-where does your crystal ball tell you is the inflexion pt for KQ?
The Governor of Nyeri - 2017
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the deal
#57 Posted : Tuesday, June 08, 2010 6:20:52 PM
Rank: Elder

Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
Wa_ithaka wrote:
qwxyz-where does your crystal ball tell you is the inflexion pt for KQ?

i got my confidence back...KQ is oversold...a rally is imminent...
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Horton
#58 Posted : Wednesday, June 09, 2010 6:59:56 AM
Rank: Veteran

Joined: 8/30/2007
Posts: 1,558
Location: Nairobi
To all the so-called "buffett proteges" u do realize that Warren would NEVER buy into an airline stock right?
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VituVingiSana
#59 Posted : Thursday, June 10, 2010 1:07:14 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,344
Location: Nairobi
Horton wrote:
To all the so-called "buffett proteges" u do realize that Warren would NEVER buy into an airline stock right?

Not quite. He did make money off USAir but also in the context of the USA, his position makes sense.

In Kenya/Africa, I believe that KQ has better potential than many other airlines. Note that KQ is the ONLY large private airline in sub-Saharan Africa. SAA & Ethiopian are govt owned &/or govt-subsidised.

KQ has 2 major problems:

1) GoK attitude as regards inadequate JKIA
2) Lack of access to African markets. KQ is not allowed into various markets by the countries to protect their lousy airlines.

P.S. Customer Service sucks at KQ too... I will bring that up at AGM...
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Horton
#60 Posted : Friday, June 11, 2010 5:08:01 AM
Rank: Veteran

Joined: 8/30/2007
Posts: 1,558
Location: Nairobi
re: Warren admittedly made a mistake in buying USair. Describing it as a "bottomless pit".

The profit BRK made out of the company was purely coincidental with the sudden "emotional uptick" that investors faced at the time when WB was off-loading...to the obvious benefit of BRK.


http://finance.yahoo.com...buffetts-worst-mistakes

http://seekingalpha.com/...uffetts-biggest-mistake
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