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Kenya Airways FY 2012/13 after tax loss of 7.8bn
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youcan'tstopusnow
#71 Posted : Monday, June 17, 2013 1:24:03 PM
Rank: Chief

Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
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jerry
#72 Posted : Monday, June 17, 2013 2:51:29 PM
Rank: Elder

Joined: 9/29/2006
Posts: 2,570
youcan'tstopusnow wrote:
mwekez@ji wrote:
Kenya Airways is considering starting a fuel procurement company to cut on fuel costs (which was the biggest cost) and are in talks with relevant government arms.


Maybe they should just buy KK Laughing out loudly Laughing out loudly Laughing out loudly

Laughing out loudlyLaughing out loudlyLaughing out loudly

May be it'll assist KK to be de-blacklisted in participating in "import bidding"
The opposite of courage is not cowardice, it's conformity.
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streetwise
#73 Posted : Monday, June 17, 2013 4:23:58 PM
Rank: Veteran

Joined: 6/23/2011
Posts: 1,740
Location: Nairobi
Hii Biashara ni ngumu kweli
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Mastermind
#74 Posted : Monday, June 17, 2013 4:44:04 PM
Rank: Veteran

Joined: 1/25/2012
Posts: 1,624
Location: Langley
mwekez@ji wrote:
Time heads rolled in the management team at Kenya Airways #Starting with long overdue Naikuni exit


Titus naikuni is the new Chancellor of South Eastern Kenya University(SEKU. Now its up to him to make the most awaited announcement.
If you have built castles in the air, your work need not be lost; that is where they should be. Now put the foundations under them.
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mwanahisa
#75 Posted : Monday, June 17, 2013 4:50:29 PM
Rank: Elder

Joined: 6/2/2008
Posts: 1,438
guru267 wrote:
This share price never ceases to amaze!! That 10bob support looks rock solid smile


I guess the shareholders left are pretty much resigned to their fate and are just too weary to sell ATM. But remember the price was stuck in the 12.00 to 13.00 range for a while not too long ago.

No doubt the 10.00 support will collapse in its own good time as well.
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hisah
#76 Posted : Monday, June 17, 2013 5:10:06 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
Just like KK the supply test will come. Patience...
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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sparkly
#77 Posted : Monday, June 17, 2013 5:17:12 PM
Rank: Elder

Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
Pesa Nane wrote:
VituVingiSana wrote:
Pesa Nane wrote:
Quote:
Among other cost-cutting measures adopted is “reducing over-catering” where the company will cut the amount of foods and drinks offered to passengers

Be sure to enjoy your meal before boarding that KQ flight. Over a lunch-hour flight, they only served a HALF portion of Beef/Fish + Rice and a tiny piece of cake!!. Fullstop.
Welcome to Kenya Hungerways. Sad
LMAO... Laughing out loudly Laughing out loudly Laughing out loudly I am OK with no meal on short flights. What's the point? I would rather have a cheaper flight & eat what I want rather than what they serve me! I fly economy so my choices on meals/drinks are limited anyway!

That exactly why you have budget airlines and KQ ain't one of them!!


KQ will turn into an air matatu at this rate. Zero comfort, as long as you get there.
Life is short. Live passionately.
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murchr
#78 Posted : Monday, June 17, 2013 6:04:28 PM
Rank: Elder

Joined: 2/26/2012
Posts: 15,980
VituVingiSana wrote:
hisah wrote:
May be if the management is forced to own the shares I'm sure they'll perform a recovery miracle...
This is but a dream. At the last AGM, there was a shareholder who asked them how many shares Management owned in KQ. He was given a roundabout answer. Bottomline: They don't own (significant) shares. These AGMs can be quite interesting. That should have been a clue to bail out of KQ.


On Friday someone suggested that the pilots be compensated with some shares(instead of a pay hile), I dont know what Naikuni said on that but the pilots rejected that and said they'd only do it if the management takes up shares too.
"There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
.
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hisah
#79 Posted : Tuesday, June 18, 2013 8:17:13 AM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
KQ share holds firm after loss - www.businessdailyafrica..../-/1081amtz/-/index.html

Quote:
Analysts said the share benefited from a lack of panic selling by investors. Having opened Monday trading at
Sh10.10, it gained 20 cents to close at Sh10.30 a share, with volumes of 198,000 shares traded.


Don't get suckered. Remember KK post results, steady then nosedive to 9. Wait for the supply test on KQ. 10/- is no floor until volume says so.

Some volume spread reading. What happened to the price when that big volume spike checked in?

$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Sober
#80 Posted : Tuesday, June 18, 2013 8:58:33 AM
Rank: Elder

Joined: 11/27/2007
Posts: 3,604
Yesterday- 198,00 shares traded
Average price:10.40
High: 10.70
Low: 10.00

Today will give a clear picture on where this counter will head in the weeks to follow, but it is obvious that there was no panic selling
African parents don't know how to say sorry.. the closest you will get to a sorry is a 'have you eaten'
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