Nipate

Forum => Kenya Discussion => Topic started by: RV Pundit on July 30, 2015, 09:18:01 AM

Title: Holy cow--KQ post 25B in loses
Post by: RV Pundit on July 30, 2015, 09:18:01 AM

This one we might have to let go.

http://www.nation.co.ke/business/-/996/2813688/-/kv2vb0/-/index.html

Title: Re: Holy cow--KQ post 25B in loses
Post by: Kadudu on July 30, 2015, 09:43:56 AM

Some people are speculating that the Kenya govt as shareholder is trying to get rid of KLM as major shareholder in order to get Ethihad or Quartar Airways to replace KLM. Big vested interests in KA debacle.

Title: Re: Holy cow--KQ post 25B in loses
Post by: Georgesoros on July 30, 2015, 02:27:42 PM

They mist have overestimated growth. Plus terror really screwed them up.

Title: Re: Holy cow--KQ post 25B in loses
Post by: MOON Ki on August 02, 2015, 05:06:24 AM

Already?   Just a couple of months ago, in May, it was this:

Quote

Kenya Airways gets Sh4.2 billion Treasury bailout. 
http://www.businessdailyafrica.com/-Kenya-Airways-gets-Sh4-2bn-from-Treasury/-/539546/2731862/-/item/0/-/8yqce2z/-/index.html

And now:

Ngunze: “Profit and loss is only an opinion. Cash is king and that is our focus to revive this airline.”

http://www.nation.co.ke/news/Collapse-fears-as-KQ-dives-to-Sh26bn-loss/-/1056/2814784/-/pr3oy1/-/index.html

I don't know what the shareholders make of this "only an opinion",  but we know that KQ doesn't have much real cash and is desperately looking to borrow some.  The lenders will, of course, be looking at KQ's profit-loss potential, and it is doubtful that they will dismiss "opinions".   

Another bailout? 

Title: Re: Holy cow--KQ post 25B in loses
Post by: MOON Ki on August 02, 2015, 05:28:31 AM

From 2012:

http://investinginafrica.net/should-you-buy-african-airline-stocks/