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Kenya Airways FY 2012/13 after tax loss of 7.8bn
Rank: Chief Joined: 5/31/2011 Posts: 5,121
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obiero wrote:hisah wrote:murchr wrote:hisah wrote:mwekez@ji wrote:@Rich has been very bullish about this counter for a long while now. I wonder at what price he got in and whether he will be lucky to make a gain from this anytime soon  Wow! RSI oversold since 2012. When the rebound comes, it'll be vicious. 200% rebound is very likely on that occassion. I have confidence in this counter i think the news November will sound good (increase in flights, hopefully the passenger numbers too) and if they locked in fuel price at 90s or below, Naikuni will have a good story. Is KQ referred to as a parastatal? The counter will soon get to that inflection point where bad news is good news and good news is taken as very good news! This will be that rebound period. Just waiting for that volume story. KQ will make some people very rich. thank me later @hisah, pls let us know when the inflection point beckons. Wouldn't want to buy this now and then see it tomorrow being 50% down or worse in bankruptcy
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Rank: Chief Joined: 1/3/2007 Posts: 18,124 Location: Nairobi
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mwekez@ji wrote:VituVingiSana wrote:mwekez@ji wrote:@Rich has been very bullish about this counter for a long while now. I wonder at what price he got in and whether he will be lucky to make a gain from this anytime soon
Does KQ place ads on his website? That notwithstanding, he must have sunk lots of money here from many years back. I even remember him hyping the April 2012 rights issue @14bob Ku-hype ni bure. Kununua takes cash. Ads pay for hype. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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murchr wrote:hisah wrote:mwekez@ji wrote:@Rich has been very bullish about this counter for a long while now. I wonder at what price he got in and whether he will be lucky to make a gain from this anytime soon Wow! RSI oversold since 2012. When the rebound comes, it'll be vicious. 200% rebound is very likely on that occassion. I have confidence in this counter i think the news November will sound good (increase in flights, hopefully the passenger numbers too) and if they locked in fuel price at 90s or below, Naikuni will have a good story. Is KQ referred to as a parastatal? Did I speak too soon... Business Daily wrote:Kenya Airways passenger numbers increased 10.9 per cent in its first quarter ended June as it races to recover from the biggest loss ever in the history of companies listed on the Nairobi bourse.
The national carrier said total passenger numbers rose to 932,912 in the three months to June compared to 841, 223 in the same period last year, helped by increased traffic on its domestic, Africa, Middle East and Far East routes. SourceIf the trend continues then things will not be so bad "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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Rank: Elder Joined: 3/2/2009 Posts: 26,328 Location: Masada
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murchr wrote:murchr wrote:hisah wrote:mwekez@ji wrote:@Rich has been very bullish about this counter for a long while now. I wonder at what price he got in and whether he will be lucky to make a gain from this anytime soon Wow! RSI oversold since 2012. When the rebound comes, it'll be vicious. 200% rebound is very likely on that occassion. I have confidence in this counter i think the news November will sound good (increase in flights, hopefully the passenger numbers too) and if they locked in fuel price at 90s or below, Naikuni will have a good story. Is KQ referred to as a parastatal? Did I speak too soon... Business Daily wrote:Kenya Airways passenger numbers increased 10.9 per cent in its first quarter ended June as it races to recover from the biggest loss ever in the history of companies listed on the Nairobi bourse.
The national carrier said total passenger numbers rose to 932,912 in the three months to June compared to 841, 223 in the same period last year, helped by increased traffic on its domestic, Africa, Middle East and Far East routes. SourceIf the trend continues then things will not be so bad NUMBERS DONT LIEPortfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery
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Rank: Veteran Joined: 3/12/2010 Posts: 1,199 Location: Eastlander
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This "Passenger Numbers" crap has been bandied around since days of #StocksKenya!! Anybody who has been here that long can attest to the fact #KenyaAirways has been totally incapable of turning such numbers into profit! Infact the only good year they had was when fuel hedges worked in their favor. Increase in passenger numbers plus transit tonnage as a metric of growth is useless until those figures translate into per-share profits. As of now..passenger travel is more a cost center than profit center.. Remember the Greece fiasco? How much did it cost #KQ to accomodate all those passengers whose transit was hamper'd (sic) both locally and abroad simply because of that 1 aircraft? ..Let your light so shine before men, that they may see your good works, and glorify your Father which is in heaven...Matt5:16
- 1769 Oxford King James Bible 'Authorized Version
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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Kenya Airways chiefs take a pay cutTop executives of Kenya Airways recorded a pay cut last year as the national carrier races to recover from tough two years that saw it swing to the biggest loss ever in the history of companies listed on the Nairobi bourse. Details in the national carrier’s annual report show that the annual pay of executive directors dropped to Sh77 million in the year to March from Sh82 million a year earlier. KQ’s annual report lists its executive directors as Titus Naikuni (CEO) and Alex Mbugua (group finance director) —and this means they shared a monthly package of Sh6.41 million, down from last year’s Sh6.83 million. Analysts linked the pay drop to performance-related compensation and tied it to KQ’s earnings for the year ended March 2012 when carrier’s profit dropped 51.4 per cent to Sh1.66 billion. “The pay drop appears to be linked to bonuses rather than the actual pay. It could have something to do with two tough years KQ has faced,” said an analyst at Standard Investment Bank.
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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ProverB wrote:This "Passenger Numbers" crap has been bandied around since days of #StocksKenya!! Anybody who has been here that long can attest to the fact #KenyaAirways has been totally incapable of turning such numbers into profit!
Infact the only good year they had was when fuel hedges worked in their favor.
Increase in passenger numbers plus transit tonnage as a metric of growth is useless until those figures translate into per-share profits.
As of now..passenger travel is more a cost center than profit center..
Remember the Greece fiasco? How much did it cost #KQ to accomodate all those passengers whose transit was hamper'd (sic) both locally and abroad simply because of that 1 aircraft? I still remember this time when they reported very impressive passenger numbers and alas, a few days later a profit warning was unleashed. It killed all excitement that was beginning to build at the time in an instant!!!
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Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
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mwekez@ji wrote:Kenya Airways chiefs take a pay cutTop executives of Kenya Airways recorded a pay cut last year as the national carrier races to recover from tough two years that saw it swing to the biggest loss ever in the history of companies listed on the Nairobi bourse. Details in the national carrier’s annual report show that the annual pay of executive directors dropped to Sh77 million in the year to March from Sh82 million a year earlier. KQ’s annual report lists its executive directors as Titus Naikuni (CEO) and Alex Mbugua (group finance director) —and this means they shared a monthly package of Sh6.41 million, down from last year’s Sh6.83 million. Analysts linked the pay drop to performance-related compensation and tied it to KQ’s earnings for the year ended March 2012 when carrier’s profit dropped 51.4 per cent to Sh1.66 billion. “The pay drop appears to be linked to bonuses rather than the actual pay. It could have something to do with two tough years KQ has faced,” said an analyst at Standard Investment Bank. Titus takes home almost 7million per month  Mark 12:29
Deuteronomy 4:16
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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guru267 wrote:mwekez@ji wrote:Kenya Airways chiefs take a pay cutTop executives of Kenya Airways recorded a pay cut last year as the national carrier races to recover from tough two years that saw it swing to the biggest loss ever in the history of companies listed on the Nairobi bourse. Details in the national carrier’s annual report show that the annual pay of executive directors dropped to Sh77 million in the year to March from Sh82 million a year earlier. KQ’s annual report lists its executive directors as Titus Naikuni (CEO) and Alex Mbugua (group finance director) —and this means they shared a monthly package of Sh6.41 million, down from last year’s Sh6.83 million. Analysts linked the pay drop to performance-related compensation and tied it to KQ’s earnings for the year ended March 2012 when carrier’s profit dropped 51.4 per cent to Sh1.66 billion. “The pay drop appears to be linked to bonuses rather than the actual pay. It could have something to do with two tough years KQ has faced,” said an analyst at Standard Investment Bank. Titus takes home almost 7million per month And both have no KQ stocks options nor from the open market. Quite expensive this KQ share must be...$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Elder Joined: 3/29/2011 Posts: 2,242
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guru267 wrote:mwekez@ji wrote:Kenya Airways chiefs take a pay cutTop executives of Kenya Airways recorded a pay cut last year as the national carrier races to recover from tough two years that saw it swing to the biggest loss ever in the history of companies listed on the Nairobi bourse. Details in the national carrier’s annual report show that the annual pay of executive directors dropped to Sh77 million in the year to March from Sh82 million a year earlier. KQ’s annual report lists its executive directors as Titus Naikuni (CEO) and Alex Mbugua (group finance director) — and this means they shared a monthly package of Sh6.41 million, down from last year’s Sh6.83 million.Analysts linked the pay drop to performance-related compensation and tied it to KQ’s earnings for the year ended March 2012 when carrier’s profit dropped 51.4 per cent to Sh1.66 billion. “The pay drop appears to be linked to bonuses rather than the actual pay. It could have something to do with two tough years KQ has faced,” said an analyst at Standard Investment Bank. Titus takes home almost 7million per month They shared so the 6.41 is apportioned btwn the two. Not too bad "Things that matter most must never be at the mercy of things that matter least." Goethe
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Rank: Elder Joined: 3/2/2009 Posts: 26,328 Location: Masada
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Gathige wrote:guru267 wrote:mwekez@ji wrote:Kenya Airways chiefs take a pay cutTop executives of Kenya Airways recorded a pay cut last year as the national carrier races to recover from tough two years that saw it swing to the biggest loss ever in the history of companies listed on the Nairobi bourse. Details in the national carrier’s annual report show that the annual pay of executive directors dropped to Sh77 million in the year to March from Sh82 million a year earlier. KQ’s annual report lists its executive directors as Titus Naikuni (CEO) and Alex Mbugua (group finance director) — and this means they shared a monthly package of Sh6.41 million, down from last year’s Sh6.83 million.Analysts linked the pay drop to performance-related compensation and tied it to KQ’s earnings for the year ended March 2012 when carrier’s profit dropped 51.4 per cent to Sh1.66 billion. “The pay drop appears to be linked to bonuses rather than the actual pay. It could have something to do with two tough years KQ has faced,” said an analyst at Standard Investment Bank. Titus takes home almost 7million per month They shared so the 6.41 is apportioned btwn the two. Not too bad Exactly! Kitu 3M each! Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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Rank: Elder Joined: 6/8/2013 Posts: 2,517
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[quote=mwekez@ji] Kenya Airways chiefs take a pay cut Paycut my foot these guys should be give shares in lieu of pay!!! then those shares should not be redeemable or sold at least for the next 12 months "😖😡KQ makes money for everyone except the shareholder 😏😏 " overheard in Wazua
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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Emirates deepens flower business rivalry with KQ * Emirates Airline will intensify the fight for control of the Nairobi—Amsterdam flower business against Kenya Airways with the introduction of two two freighters (a plane that carries only cargo) on the route * The two freighters will double Emirates weekly cargo capacity to 400 tonnes and increase the number of carriers in the route to four. * The additional cargo planes are set to trigger a price war on the route that is dominated with transportation of horticulture produce given that about 70 per cent of Kenyan flowers get to the world market through the Amsterdam auctions.
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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Siringi wrote: Paycut my foot these guys should be give shares in lieu of pay!!! then those shares should not be redeemable or sold at least for the next 12 months They should be awarded options redeemable after 3yrs.$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Elder Joined: 6/8/2013 Posts: 2,517
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hisah wrote:Siringi wrote: Paycut my foot these guys should be give shares in lieu of pay!!! then those shares should not be redeemable or sold at least for the next 12 months They should be awarded options redeemable after 3yrs. Caveat:and the conversion rate (salo to share) should be rights issue price! Blari malenge management hata kama malenge ni mboga... Busy landing on stewardesses instead of landing planes . Ile machungu niko nayo  I could easily send nyaikuni and team kehesabu those donkeys that have taken their annual leave at oltepesi   "😖😡KQ makes money for everyone except the shareholder 😏😏 " overheard in Wazua
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Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery
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They should peg his salary to the share price by now he would have had a serious pay cut .....from Ksh14 to Ksh9.50 thats 47%...lets see if would still have been walking around as if hakuna losses.
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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mwekez@ji wrote:ProverB wrote:This "Passenger Numbers" crap has been bandied around since days of #StocksKenya!! Anybody who has been here that long can attest to the fact #KenyaAirways has been totally incapable of turning such numbers into profit!
Infact the only good year they had was when fuel hedges worked in their favor.
Increase in passenger numbers plus transit tonnage as a metric of growth is useless until those figures translate into per-share profits.
As of now..passenger travel is more a cost center than profit center..
Remember the Greece fiasco? How much did it cost #KQ to accomodate all those passengers whose transit was hamper'd (sic) both locally and abroad simply because of that 1 aircraft? I still remember this time when they reported very impressive passenger numbers and alas, a few days later a profit warning was unleashed. It killed all excitement that was beginning to build at the time in an instant!!! btw, citi in their report on dated 1st May 2013 predicted that KQ will achieve 9.1% increase in passenger volume during the current financial year 2013/2014. However, KQ will still record a FY13/14 loss of KES 4.4B
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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the deal wrote:They should peg his salary to the share price by now he would have had a serious pay cut .....from Ksh14 to Ksh9.50 thats 47%...lets see if would still have been walking around as if hakuna losses. I thot someone had predicted a 5/- am still waiting "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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Rank: Elder Joined: 6/8/2013 Posts: 2,517
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@ 14 i forgot that there is another thread on KQ which started when the share price was sh 54!! Sijui sh 52. I sat out the rights issue will exercise mine on monday @9. Na ikifika sh 5 taongezeaa the bride sio pride of Africa rink: KQ why ignorenow imagine if kq shareholders had the hindsight to put Nyai-kuni and the entire executive and senior mgt on a performance based contract where say 70% of salo is paid in with the rest in share bought at 54 and for increased profitability they get a bonus,! Will these guys have performed better than this genocide and atrocities they have unleashed on investors? It would have wiped that shjupit grin from Nyai-kuni. The other idiot Kidero did the same at Mumias rink: mumias ni another Paka in the making na hii pia sluggish mumiasand some scatterbrains expect him to turn round Nyairovi my foot waKenya kweli ni ngiri za Raila! ! murchr wrote:the deal wrote:They should peg his salary to the share price by now he would have had a serious pay cut .....from Ksh14 to Ksh9.50 thats 47%...lets see if would still have been walking around as if hakuna losses. I thot someone had predicted a 5/- am still waiting "😖😡KQ makes money for everyone except the shareholder 😏😏 " overheard in Wazua
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Kenya Airways FY 2012/13 after tax loss of 7.8bn
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