Wazua
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Kenya Airways FY 2014 loss of 4.8bn!!!
Rank: Chief Joined: 1/3/2007 Posts: 18,121 Location: Nairobi
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Another day. Another loss. @obiero kuji-enjoy... Selling out at a loss was one of the best investing decisions I have ever made... Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Chief Joined: 1/3/2007 Posts: 18,121 Location: Nairobi
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Loss Before Tax of KShs 4,861,000,000 ... No idea about Loss After Tax. KQ is being sketchy with the info! *Take off? More like a crash landing* Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 3/2/2009 Posts: 26,328 Location: Masada
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. Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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Rank: Member Joined: 1/14/2014 Posts: 178
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If the results are "worser" than the news of Mbuvi then it will be cabin crew prepare for landing. Go for a business that any idiot can run – because sooner or later, any idiot is probably going to run it – Peter Lynch
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Rank: Elder Joined: 9/15/2006 Posts: 3,905
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Rank: Veteran Joined: 11/15/2013 Posts: 1,977 Location: Here
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VituVingiSana wrote:Loss Before Tax of KShs 4,861,000,000 ... No idea about Loss After Tax. KQ is being sketchy with the info!
*Take off? More like a crash landing* @VVS do you mean @obiero's results of 5B in a week turned to -5B??? tuko ndani wacha we burn fingers and bones when the bird flies we shall buy artificial ones. STEEL BALLS we have. Everybody STEALS, a THIEF is one who's CAUGHT stealing something of LITTLE VALUE. !!!
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Rank: Veteran Joined: 3/12/2010 Posts: 1,199 Location: Eastlander
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I still maintain Titus Naikuni ought to have been relieved of his duties as CEO in 2008! The first time it emerged that staff was blotted..overheads were largely employee related and passengers were being charged below cost of transit. It took him 5 years to admit operating margins were untenable. FIVE FREAKING YEARS! ..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: Elder Joined: 9/23/2010 Posts: 2,221 Location: Sundowner,Amboseli
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VituVingiSana wrote:Loss Before Tax of KShs 4,861,000,000 ... No idea about Loss After Tax. KQ is being sketchy with the info!
*Take off? More like a crash landing* Quite sad given H1 saw a PBT of 548M. So wanjiku will live to fight another day  @SufficientlyP
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Rank: Veteran Joined: 3/12/2010 Posts: 1,199 Location: Eastlander
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And all along we were "celebrating" new planes..new routes..passenger numbers and crap about "leading brand" .. LOL! I laugh because it's too sad to cry. ..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: Elder Joined: 3/2/2009 Posts: 26,328 Location: Masada
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Rank: Veteran Joined: 6/23/2011 Posts: 1,740 Location: Nairobi
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and the guy will be at kq till end of year..mwafrica thick skin!!!!!!!!!!!
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Rank: Elder Joined: 12/9/2009 Posts: 6,592 Location: Nairobi
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VituVingiSana wrote:Loss Before Tax of KShs 4,861,000,000 ... No idea about Loss After Tax. KQ is being sketchy with the info!
*Take off? More like a crash landing* Gosh, that is huge and they've been so consistent. Very soon they will start begging for a bail-out from GOK.
BBI will solve it :)
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Rank: Chief Joined: 1/3/2007 Posts: 18,121 Location: Nairobi
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KQ ako na wenyewe. Still trading at 10+ when I thought it would go sub-10 after I saw the loss. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Veteran Joined: 2/10/2010 Posts: 1,001 Location: River Road
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Quote:If a capitalist had been present at Kitty Hawk back in the early 1900s, he should have shot Orville Wright. He would have saved his progeny money. But seriously, the airline business has been extraordinary. It has eaten up capital over the past century like almost no other business because people seem to keep coming back to it and putting fresh money in.
I have an 800 number now that I call if I get the urge to buy an airline stock. I call at 2 in the morning and I say: 'My name is Warren, and I'm an aeroholic.' And then they talk me down.
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Rank: Veteran Joined: 11/15/2013 Posts: 1,977 Location: Here
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VituVingiSana wrote:KQ ako na wenyewe. Still trading at 10+ when I thought it would go sub-10 after I saw the loss. True VVS I have a strong belief the loss are fake results. it's a source of pork(s) swindling funds to run some gvt errands Everybody STEALS, a THIEF is one who's CAUGHT stealing something of LITTLE VALUE. !!!
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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VituVingiSana wrote:KQ ako na wenyewe. Still trading at 10+ when I thought it would go sub-10 after I saw the loss. Sub 10 is surely coming #Very.Poor.Performance
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Rank: Member Joined: 8/14/2009 Posts: 244
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There is no demand in the market. Only 4900 shares
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Rank: Veteran Joined: 2/3/2012 Posts: 1,317
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Rank: Elder Joined: 9/23/2010 Posts: 2,221 Location: Sundowner,Amboseli
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stock.enigma wrote:There is no demand in the market. Only 4900 shares Nope. there's a 1M demand hapo at 5bob. Check mine a bit later, will be 2M at 2.5bob  @SufficientlyP
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Rank: Chief Joined: 1/3/2007 Posts: 18,121 Location: Nairobi
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Sufficiently Philanga....thropic wrote:stock.enigma wrote:There is no demand in the market. Only 4900 shares Nope. there's a 1M demand hapo at 5bob. Check mine a bit later, will be 2M at 2.5bob Yes, there is demand of 1mn+ shares Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Kenya Airways FY 2014 loss of 4.8bn!!!
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