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Kenya Airways...why ignore..
Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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obiero wrote: further negative growth was caused by same government not refunding the KES 2.8Btax owed from purchase of new craft... There will be no VAT refund. This is a case of management peddling lies and false hope to shareholders. Exemption from VAT on the big planes started on 19 September 2014. Whatever was paid to Ceaser before that date stays with Ceaser. Life is short. Live passionately.
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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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Reducing flights to Mumbai and Delhi... possunt quia posse videntur
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Rank: Elder Joined: 5/27/2008 Posts: 3,760
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Reward the devil... @StandardKenya: Former KQ CEO Titus Naikuni appointed Chairman Airtel Kenya http://bitly.com/1yxbZVu
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Rank: Chief Joined: 1/3/2007 Posts: 18,095 Location: Nairobi
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MaichBlack wrote:hisah wrote:obiero wrote:Pesa Nane wrote:obiero wrote:Pesa Nane wrote:obiero wrote:WaHande wrote:@14 and still going strong headed to KES 17.. thats the real barrier to use wazua language, resistance.. Its that time of the year when cash is KING. Jumped out.  Will catch you again sooner.  SMH.. You just sold because its December? If IFC/GoK did that too then where would we be? Anyway, I dont have immediate need for cash hence reason why I stick it out awaiting the sweet day when I shall get rich from KQ That December 03, 2013 was a truely blessed day! Are you coming back? Citigroup unable to advise foreign investors whether to buy or sell KQ shares Was this the same citi that was handling the spectacular failure of a rights issue by KQ? Don't they have shame?
@obiero - you should be pissed at this citi advice. Such a fox. @hisah - They have absolutely no shame. Not an iota!! Sample this Quote:Some of the restructuring options given to the airline by the global investment bank (Citigroup) include seeking financial aid from the government, conducting a second rights issue,... and it gets even "better" Quote:...disposing of assets and reconsidering buying new planes. What was the purpose of the first rights issue again? To call this a mess would be the understatement of the century. Summary to shareholders:Hi. We f@#ked up you shareholder value with the first rights issue. You are now poorer because of that rights issue. Your original shares plus the rights you bought are now worth much less. But all is not lost. We are considering a second rights issue which will definitely f@#k you up some more. Oh, one more thing, those planes we were to buy with the proceeds from the first rights issue, eeeh, that might actually not happen. On a positive note though, most payments are up to date. For example, all payments due to us, bonuses, salaries to employees, directors, senior management [who don't own shares in this mess, sorry, company] are up to date. And in the words of the great philosopher, Mr. T, till we meet again, See you suuuuckers!!! Are you the blogger "coldtusker"? The similarity in your thought process(es) is uncanny! 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: 18,095 Location: Nairobi
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[quote=Gordon Gekko]Reward the devil... @StandardKenya: Former KQ CEO Titus Naikuni appointed Chairman Airtel Kenya http://bitly.com/1yxbZVu[/quote] Safaricom has nothing to fear! 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: 18,095 Location: Nairobi
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https://twitter.com/_wan...6240769657741314/photo/1Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 5/27/2008 Posts: 3,760
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When a hot blooded American firm abandons a stars and stripes product, there's a big problem. http://m.bbc.com/news/business-30141666
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Rank: Elder Joined: 7/22/2009 Posts: 7,452
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VituVingiSana wrote:MaichBlack wrote:hisah wrote:obiero wrote:Pesa Nane wrote:obiero wrote:Pesa Nane wrote:obiero wrote:WaHande wrote:@14 and still going strong headed to KES 17.. thats the real barrier to use wazua language, resistance.. Its that time of the year when cash is KING. Jumped out. Will catch you again sooner. SMH.. You just sold because its December? If IFC/GoK did that too then where would we be? Anyway, I dont have immediate need for cash hence reason why I stick it out awaiting the sweet day when I shall get rich from KQ That December 03, 2013 was a truely blessed day! Are you coming back? Citigroup unable to advise foreign investors whether to buy or sell KQ shares Was this the same citi that was handling the spectacular failure of a rights issue by KQ? Don't they have shame?
@obiero - you should be pissed at this citi advice. Such a fox. @hisah - They have absolutely no shame. Not an iota!! Sample this Quote:Some of the restructuring options given to the airline by the global investment bank (Citigroup) include seeking financial aid from the government, conducting a second rights issue,... and it gets even "better" Quote:...disposing of assets and reconsidering buying new planes. What was the purpose of the first rights issue again? To call this a mess would be the understatement of the century. Summary to shareholders:Hi. We f@#ked up you shareholder value with the first rights issue. You are now poorer because of that rights issue. Your original shares plus the rights you bought are now worth much less. But all is not lost. We are considering a second rights issue which will definitely f@#k you up some more. Oh, one more thing, those planes we were to buy with the proceeds from the first rights issue, eeeh, that might actually not happen. On a positive note though, most payments are up to date. For example, all payments due to us, bonuses, salaries to employees, directors, senior management [who don't own shares in this mess, sorry, company] are up to date. And in the words of the great philosopher, Mr. T, till we meet again, See you suuuuckers!!! Are you the blogger "coldtusker"? The similarity in your thought process(es) is uncanny! Nope. I'm not. But I believe he was once a member here - Tusker Baridi. Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
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Rank: Chief Joined: 1/3/2007 Posts: 18,095 Location: Nairobi
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@obiero ... run while you can! https://twitter.com/_wan...6240769657741314/photo/1Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 6/23/2009 Posts: 13,497 Location: nairobi
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[quote=VituVingiSana]@obiero ... run while you can! https://twitter.com/_wan...240769657741314/photo/1[/quote] @vvs im sure you meant fly and not run :)
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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This days even a new plane comes and their is no hullabaloo... possunt quia posse videntur
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Rank: Elder Joined: 6/23/2009 Posts: 13,497 Location: nairobi
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maka wrote:This days even a new plane comes and their is no hullabaloo... In the words of the late great professor, ''there come a time''..
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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obiero wrote: further negative growth was caused by same government not refunding the KES 2.8Btax owed from purchase of new craft... Scan has also been very vocal about the VAT refund issue affecting cashflow. Boost with the proposed measures in 2015 in the event.
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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@obiero - Ethiopian airlines is also not immune to Ebola - http://online.wsj.com/ar...y-ebola-fears-1416498962$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: New-farer Joined: 3/16/2014 Posts: 12 Location: Kisumu
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sparkly wrote:obiero wrote: further negative growth was caused by same government not refunding the KES 2.8Btax owed from purchase of new craft... There will be no VAT refund. This is a case of management peddling lies and false hope to shareholders. Exemption from VAT on the big planes started on 19 September 2014. Whatever was paid to Ceaser before that date stays with Ceaser. KQ, just like MSC needs to address the HR issues. There are so much employees duplicating work at KQ. When you you board a plane your boarding pass is checked by two employees, it is torn by different employees, scanned by another and one or two employees shows you the way to the plane. This can be efficiently done by one or two employees. The wage bill, among other is the heaviest burden for KQ.
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Rank: Elder Joined: 6/23/2009 Posts: 13,497 Location: nairobi
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Q: why has the stock risen over 10% in last two trading days?? A: wanjiku is being shaken off by investors who have trust in the firm's new strategy
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Elder Joined: 6/23/2009 Posts: 13,497 Location: nairobi
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[quote=hisah]@obiero - Ethiopian airlines is also not immune to Ebola - http://online.wsj.com/ar...-ebola-fears-1416498962[/quote] @hisah thats about 720millions per mwezi.. if it wasnt for governmental support, they would have folded up
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Chief Joined: 1/3/2007 Posts: 18,095 Location: Nairobi
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Run coz KQ ain't flying! Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Veteran Joined: 3/12/2010 Posts: 1,199 Location: Eastlander
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KQ direct Flights to New Delhi suspended w.e.f 24th November. Why?.. End year they will blame it on travel advisories and ebola? India? Add to that 70% discount on shipping general cargo to Mumbai and Guangzhou till March 2015. ..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: 4/22/2010 Posts: 11,522 Location: Nairobi
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ProverB wrote:KQ direct Flights to New Delhi suspended w.e.f 24th November.
Why?.. End year they will blame it on travel advisories and ebola? India?
Add to that 70% discount on shipping general cargo to Mumbai and Guangzhou till March 2015. I got the info on Friday check the post above...people who are waiting for new routes to be opened mnaota the company has no money to participate in such a move...They spent 12m on the farewell parties for TN...2 farewell parties for.the bugger misplaced priorities.... possunt quia posse videntur
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