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Kenya Airways...why ignore..
derick
#1441 Posted : Monday, March 23, 2015 11:14:44 AM
Rank: Member


Joined: 1/10/2015
Posts: 411
mlennyma wrote:

beware of companies where the gvt has big stake,corruption can easily thrive and the looters go free

I dont trust anything that I read on Lahawa tungu, it would be better if it was from a different source
Your income is directly related to your philosophy, Not the economy.-Jim Rohn
Cde Monomotapa
#1442 Posted : Monday, March 23, 2015 11:44:23 AM
Rank: Chief


Joined: 1/13/2011
Posts: 5,964
Rahatupu wrote:
Will they respond to these cheap but damaging allegations?


KQ is in/will be in a closed period as of 31st of Mar. so tough luck. Await results now.

In the meantime, let the Bloggers have their day, wakule. Ndege inatua bado.

Time will tell.
Boris Boyka
#1443 Posted : Monday, March 23, 2015 11:31:26 PM
Rank: Veteran


Joined: 11/15/2013
Posts: 1,977
Location: Here
The prophet has increased his stake by over 170% smile This bird now forms 90% of his disclosed personal nse portfolio. Wale mulikuwa munaulizia now you know.
Everybody STEALS, a THIEF is one who's CAUGHT stealing something of LITTLE VALUE. !!!
Kausha
#1444 Posted : Tuesday, March 24, 2015 6:17:16 AM
Rank: Member


Joined: 2/8/2007
Posts: 808
I repeat for the 3rd year running, Bail out on the horizon.
Gatheuzi
#1445 Posted : Tuesday, March 24, 2015 7:14:28 AM
Rank: Veteran


Joined: 8/16/2009
Posts: 994
Boris Boyka wrote:
The prophet has increased his stake by over 170% smile This bird now forms 90% of his disclosed personal nse portfolio. Wale mulikuwa munaulizia now you know.

Tell him to reserve some cash to defend his position during upcoming rights issue.
Time is money, so money is time. Money saved is time gained in reverse! Money stores your life’s energy. You expend your energy, get paid money, and store that money for a future purchase made in a currency.
VituVingiSana
#1446 Posted : Tuesday, March 24, 2015 7:34:48 AM
Rank: Chief


Joined: 1/3/2007
Posts: 18,078
Location: Nairobi
Kausha wrote:
I repeat for the 3rd year running, Bail out on the horizon.
Amen.

http://coldtusker.blogsp...ses-and-more-losses.html
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Ericsson
#1447 Posted : Tuesday, March 24, 2015 9:11:27 AM
Rank: Elder


Joined: 12/4/2009
Posts: 10,657
Location: NAIROBI
KQ will make the biggest loss in Kenya's corporate history.
I foresee minimum loss ksh.18bn before tax.
This will wipe out all the retained earnings and company will now be technically insolvent
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
obiero
#1448 Posted : Tuesday, March 24, 2015 9:42:22 AM
Rank: Elder


Joined: 6/23/2009
Posts: 13,487
Location: nairobi
Ericsson wrote:
KQ will make the biggest loss in Kenya's corporate history.
I foresee minimum loss ksh.18bn before tax.
This will wipe out all the retained earnings and company will now be technically insolvent

Pepo mbaya. Wit the sale of four planes and the 'unfortunate' sale embakasi land, do you think what you have written is possible??

HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
mlennyma
#1449 Posted : Tuesday, March 24, 2015 9:48:26 AM
Rank: Elder


Joined: 7/21/2010
Posts: 6,180
Location: nairobi
obiero wrote:
Ericsson wrote:
KQ will make the biggest loss in Kenya's corporate history.
I foresee minimum loss ksh.18bn before tax.
This will wipe out all the retained earnings and company will now be technically insolvent

Pepo mbaya. Wit the sale of four planes and the 'unfortunate' sale embakasi land, do you think what you have written is possible??

the debt in this company given the business environment will wipe it.
"Don't let the fear of losing be greater than the excitement of winning."
maka
#1450 Posted : Tuesday, March 24, 2015 10:03:24 AM
Rank: Elder


Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
obiero wrote:
Ericsson wrote:
KQ will make the biggest loss in Kenya's corporate history.
I foresee minimum loss ksh.18bn before tax.
This will wipe out all the retained earnings and company will now be technically insolvent

Pepo mbaya. Wit the sale of four planes and the 'unfortunate' sale embakasi land, do you think what you have written is possible??


Above 10bn is a real possibility,they will try window dress them but they will be terrible...btw what was the idea behind buying dreamliners then leasing them out?One is headed to Turkish airlines...there is an interesting letter KALPA to KQ HR about banks complaining that loans taken by some pilots are not being paid up...
possunt quia posse videntur
VituVingiSana
#1451 Posted : Tuesday, March 24, 2015 10:20:45 AM
Rank: Chief


Joined: 1/3/2007
Posts: 18,078
Location: Nairobi
obiero wrote:
Ericsson wrote:
KQ will make the biggest loss in Kenya's corporate history.
I foresee minimum loss ksh.18bn before tax.
This will wipe out all the retained earnings and company will now be technically insolvent

Pepo mbaya. Wit the sale of four planes and the 'unfortunate' sale embakasi land, do you think what you have written is possible??

1) Are the planes being 'retired' leased or owned by KQ?
2) If they are owned by KQ, what is the estimated selling price vs the Book Value? If the BV is higher than the Selling Price then KQ has to book a loss for the difference.
3) If the planes have loans and these loans are equal or greater than the Selling Price, then KQ gets ZERO cash from the sales.
4) Has KQ sold the land in Embakasi? If the process is ongoing then KQ cannot apply the proceeds/profits in FY 2014-15.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
slykat
#1452 Posted : Tuesday, March 24, 2015 11:17:07 AM
Rank: Member


Joined: 2/20/2007
Posts: 359
How accurate is this? It is detailed for sure.

http://www.kahawatungu.c...ase-operation-very-soon/
Mainat
#1453 Posted : Tuesday, March 24, 2015 11:20:02 AM
Rank: Veteran


Joined: 11/21/2006
Posts: 1,590
Titus did the damage. All that remains is for him to be kidero'd i.e. whatever happens to Kidero should happen to him since he has overseen the demise of KQ
Sehemu ndio nyumba
Siringi
#1454 Posted : Tuesday, March 24, 2015 1:36:31 PM
Rank: Elder


Joined: 6/8/2013
Posts: 2,517
Mainat wrote:
Titus did the damage. All that remains is for him to be kidero'd i.e. whatever happens to Kidero should happen to him since he has overseen the demise of KQ


My thoughts exactly!!!!!!!!!!!11 Question Between Naikuni and Kidero who is Badder/ Baddest

"πŸ˜–πŸ˜‘KQ makes money for everyone except the shareholder 😏😏 " overheard in Wazua
mlennyma
#1455 Posted : Tuesday, March 24, 2015 1:46:06 PM
Rank: Elder


Joined: 7/21/2010
Posts: 6,180
Location: nairobi
Long serving ceo's who can never own a single share of their brand.
"Don't let the fear of losing be greater than the excitement of winning."
Impunity
#1456 Posted : Tuesday, March 24, 2015 2:39:37 PM
Rank: Elder


Joined: 3/2/2009
Posts: 26,325
Location: Masada
maka wrote:
obiero wrote:
Ericsson wrote:
KQ will make the biggest loss in Kenya's corporate history.
I foresee minimum loss ksh.18bn before tax.
This will wipe out all the retained earnings and company will now be technically insolvent

Pepo mbaya. Wit the sale of four planes and the 'unfortunate' sale embakasi land, do you think what you have written is possible??


Above 10bn is a real possibility,they will try window dress them but they will be terrible...btw what was the idea behind buying dreamliners then leasing them out?One is headed to Turkish airlines...there is an interesting letter KALPA to KQ HR about banks complaining that loans taken by some pilots are not being paid up...


Blog!
Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.

Aguytrying
#1457 Posted : Tuesday, March 24, 2015 4:33:48 PM
Rank: Elder


Joined: 7/11/2010
Posts: 5,040
These individuals should be made to pay for the losses, because they also benefited at a personal level
The investor's chief problem - and even his worst enemy - is likely to be himself
obiero
#1458 Posted : Tuesday, March 24, 2015 6:09:39 PM
Rank: Elder


Joined: 6/23/2009
Posts: 13,487
Location: nairobi
VituVingiSana wrote:
obiero wrote:
Ericsson wrote:
KQ will make the biggest loss in Kenya's corporate history.
I foresee minimum loss ksh.18bn before tax.
This will wipe out all the retained earnings and company will now be technically insolvent

Pepo mbaya. Wit the sale of four planes and the 'unfortunate' sale embakasi land, do you think what you have written is possible??

1) Are the planes being 'retired' leased or owned by KQ?
2) If they are owned by KQ, what is the estimated selling price vs the Book Value? If the BV is higher than the Selling Price then KQ has to book a loss for the difference.
3) If the planes have loans and these loans are equal or greater than the Selling Price, then KQ gets ZERO cash from the sales.
4) Has KQ sold the land in Embakasi? If the process is ongoing then KQ cannot apply the proceeds/profits in FY 2014-15.

No. 1 & 2 are rhetorical, but I ask:
3)if the proceeds from sale are used to reduce debt. Is it a bad thing??
4)The land sale agreement though incomplete/ongoing can be provided for in the accounts

HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
obiero
#1459 Posted : Tuesday, March 24, 2015 6:17:45 PM
Rank: Elder


Joined: 6/23/2009
Posts: 13,487
Location: nairobi
loading up still. will only rest when I reach 200,000 shares.. im not blind to the troubles being faced at the moment but I am certain that a 180 degree turn around shall come, soon. Possibly before 2018

HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
mlennyma
#1460 Posted : Tuesday, March 24, 2015 6:56:59 PM
Rank: Elder


Joined: 7/21/2010
Posts: 6,180
Location: nairobi
obiero wrote:
loading up still. will only rest when I reach 200,000 shares.. im not blind to the troubles being faced at the moment but I am certain that a 180 degree turn around shall come, soon. Possibly before 2018

I don't think you are doing that.
"Don't let the fear of losing be greater than the excitement of winning."
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