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Kenya Airways...why ignore..
Rank: Chief Joined: 1/3/2007 Posts: 18,371 Location: Nairobi
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tomtom wrote:The deep dislike for Naikuni is understandable, more so, for those who were caught out from the highs in share price. But the man had to do what was needed to ensure KQ lived to fight another day. If he chose to please shareholders short term, the company's future would be slightly more uncertain. The only way to survive was to grow the company. Yes, there are things that could have been handled differently but growth was necessary. What is certain is, at the current share price the company is undervalued. The painful memories of losing money on this share will not fade quickly but the price will eventually reflect the true value. When? is anyone's guess. On a light note; Naikuni himself hinted(on mindspeak), that he might buy shares in KQ after his own departure as CEO.  I guess he knew his strategy would not be good for the share price in the short term. happy hunting and good luck Many weedkillers work by making the weed grow faster than it should [to be sustainable] so the weed's 'leaves' grow rapidly while the root does not. And then it is overwhelmed and dies. 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: 18,371 Location: Nairobi
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kollabo wrote:VituVingiSana wrote:obiero wrote:huyo mtu amesema KRA itashika KQ planes for any eventual default, must be living in Utopia.. those who saw KCB on its knees in 2004 as a loss making firm know what I am talking about "Huyo Mtu" ... Kwani? Anyway, there is little benefit in GoK saving KQ with a 'loan' after KRA [with GoK's blessings] brings KQ down. As an EXISTING shareholder you do not benefit from GoK (vs Opportunity Cost) in your business as a savior. To counter your KCB, "Huyo Mtu" refers you to KPLC. GoK hobbled KPLC by imposing managers [Samuel Gichuru], GoK departments not making payments, Rural Electrification and not allowing KPLC to recover its costs so leading it into bankruptcy. GoK then lent KPLC money and converted some loans into Preference Shares which were then converted into Ordinary Shares with 51% ownership by GoK. Immediately after the Rights Issue, GoK refused a triennial rate increase which KPLC was due. And ma-shida for KPLC started. KCB - GoK led it into bankruptcy but CBK 'saved' it to prevent a financial meltdown in Kenya. This was NOT a cash injection but CBK overlooked applying strict financial ratios. After Kibaki came in, GoK repaid many of the loans even if these were misappropriated. Low savings rates in the early Kibaki years allowed KCB to make huge margins [Interest Spreads] to reduce their losses. Furthermore, KCB had to have 2 Rights Issues to right their capital inadequacies. And GoK has reduced its shareholding in KCB over the years. Anyway... @obiero ... have fun I am staying out of KQ until Naikuni AND Mbugua leave. I will review my position in early 2015. And I am a pragmatist so if I see good things before 2015 then I might dip my toe in. Why wait for him to leave? I got in after he announced his departure. Things are looking up. Am seeing Jambojet as a huge gamechanger. Just in case the Board decides to give him another year. And then there is the CFO. I will wait. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Member Joined: 5/6/2014 Posts: 268 Location: Nairobi, Kenya
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Amazing how this aircraft has many landings for Pax. to board, I think I could add some more sub 12 and wait for take off either b4 results or at the end of these travel advisories.
Hope a number of Wazuans turned up for the #KQDreamliner
Having some airline xperience, I rate it a + in delivering shareholder value
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Rank: Elder Joined: 9/15/2006 Posts: 3,907
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Uuuh ooh, are you marketing or investing? Or perhaps Investor Relations? Keep it real, please. I once held KQ, in Titus Naikuni's reign when it was trading above 100/=. What do you tell me if I am a long term investor with price below 12/= & same CEO in charge, 7 yrs later? Akenyan2014 wrote:Amazing how this aircraft has many landings for Pax. to board, I think I could add some more sub 12 and wait for take off either b4 results or at the end of these travel advisories.
Hope a number of Wazuans turned up for the #KQDreamliner
Having some airline xperience, I rate it a + in delivering shareholder value
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Rank: Member Joined: 5/6/2014 Posts: 268 Location: Nairobi, Kenya
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muganda wrote:Uuuh ooh, are you marketing or investing? Or perhaps Investor Relations? Keep it real, please. I once held KQ, in Titus Naikuni's reign when it was trading above 100/=. What do you tell me if I am a long term investor with price below 12/= & same CEO in charge, 7 yrs later? Akenyan2014 wrote:Amazing how this aircraft has many landings for Pax. to board, I think I could add some more sub 12 and wait for take off either b4 results or at the end of these travel advisories.
Hope a number of Wazuans turned up for the #KQDreamliner
Having some airline xperience, I rate it a + in delivering shareholder value
Whichever the case maybe, I have a plan. I use some information to make choices and more importantly no company in NSE is 'baba na mama' for me to hold on to it forever. For now I am in the BUY
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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With a moody Mr Market, the laggards are getting kicked... KQ and TPSE facing the tourism blues. Energy stocks kengen, kk and kplc also getting shaved. A moody Mr Market is always welcome coz of the fat discounts that come along  $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Member Joined: 5/6/2014 Posts: 268 Location: Nairobi, Kenya
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hisah wrote:With a moody Mr Market, the laggards are getting kicked... KQ and TPSE facing the tourism blues. Energy stocks kengen, kk and kplc also getting shaved. A moody Mr Market is always welcome coz of the fat discounts that come along And what could be causing KAKUZI to go against the market trend and other beaten agric peers? From 110s to 150s in such a short time. Anything we are in the dark, @hisah?
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Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
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Akenyan2014 wrote:And what could be causing KAKUZI to go against the market trend and other beaten agric peers? From 110s to 150s in such a short time. Anything we are in the dark, @hisah? You will find your answer in the Kenya shilling trend! Mark 12:29
Deuteronomy 4:16
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Rank: Veteran Joined: 3/12/2010 Posts: 1,199 Location: Eastlander
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Just about 4 years since i first put up this thread. The share is still crap and the only thing working for it is that it's cheaper than it was 4 years to date. That and the fact Titus Naikuni is leaving. It's funny that still people are using "passenger numbers" as indicator of future value appreciation. Erstwhile Wazuans can verify that this assertion of passenger numbers translating into profit hasn't worked for KQ since 2006 ..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: 8/4/2010 Posts: 8,977
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ProverB wrote:Just about 4 years since i first put up this thread. The share is still crap and the only thing working for it is that it's cheaper than it was 4 years to date. That and the fact Titus Naikuni is leaving.
It's funny that still people are using "passenger numbers" as indicator of future value appreciation. Erstwhile Wazuans can verify that this assertion of passenger numbers translating into profit hasn't worked for KQ since 2006 KQ is just acting the same as the global airline industry. Only arab money airline with an oil put reflect the rosy side post GFC.$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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