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Kenya Airways...why ignore..
Spikes
#4161 Posted : Sunday, May 15, 2016 5:24:52 PM
Rank: Elder


Joined: 9/20/2015
Posts: 2,811
Location: Mombasa
obiero wrote:
Full year results expected release 30.06.2016



Are you anticipating a rocket rally?
John 5:17 But Jesus replied, “My Father is always working, and so am I.”
obiero
#4162 Posted : Sunday, May 15, 2016 7:25:47 PM
Rank: Elder


Joined: 6/23/2009
Posts: 13,463
Location: nairobi
Spikes wrote:
obiero wrote:
Full year results expected release 30.06.2016



Are you anticipating a rocket rally?

I have shared the full year forecast here.. Operating profit KES 9.4b, profit before tax KES (7.5)b

HF 428,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 15,750 ABP 6.45
Impunity
#4163 Posted : Sunday, May 15, 2016 10:29:24 PM
Rank: Elder


Joined: 3/2/2009
Posts: 26,325
Location: Masada
obiero wrote:
Full year results expected release 30.06.2016


They had to push it mpaka the last day allowed by law...I told @VVS last week.

The year ended on 31 March,you know the result by now but you still wait mpaka 30 Jun midnight.
Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.

obiero
#4164 Posted : Sunday, May 15, 2016 10:53:48 PM
Rank: Elder


Joined: 6/23/2009
Posts: 13,463
Location: nairobi
Impunity wrote:
obiero wrote:
Full year results expected release 30.06.2016


They had to push it mpaka the last day allowed by law...I told @VVS last week.

The year ended on 31 March,you know the result by now but you still wait mpaka 30 Jun midnight.

Its financials that have strict deadlines. KQ last year reported on 30th July

HF 428,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 15,750 ABP 6.45
citymayor
#4165 Posted : Sunday, May 15, 2016 11:17:39 PM
Rank: New-farer


Joined: 2/15/2012
Posts: 29
Location: unimportant
Impunity wrote:
nzalela wrote:
obiero wrote:
http://www.businessdailyafrica.com/Opinion-and-Analysis/KQ-pilots-had-better-go-for-lesser-devil-of-redeployment/-/539548/3196710/-/item/1/-/odo1kq/-/index.html


It is actually KQ that does not want to let go of the 777 pilots. Mainly 2 reasons.

1. They do not have funds to pay them off now. Some of those pilots have worked 30 years and will need send of package of approximately 20 million. For the total number of 28 Captains that is approximately 560 million bob.

2. The Turkish sublease agreement for the (3) 777-300 and the Oman Air (3)787 is for 3 years after which KQ may get the aircrafts back. That means they may need those captains 3 years down the road. With the current high experience pilot shortage globally they have to be smart or they may end up like Emirates currently grounding aircrafts coz of nil pilots.

So they cant retrench them coz they will need them at some point and they also cant maintain them on payroll coz of the costs. That is why the Ethiopian deal makes sense. Most of the pilots however want to resign get their money and go home but it is difficult seeing that KQ has blocked voluntary early retirement to all staff. There is where the conflict lies.


That 20 Million is the employer part of the provident?
So the other personal contribution is more or less 20 million.
So each of the affected pilots could easily take home 40 million?
Then why would a 55 year old pilot need to work again in the dangerous skies?
at 55 he can seat pretty and invest the money in any passive business and still live a fairly comfortable life.

Statistically speaking, flying is far safer than driving and with 10 more years of productivity I doubt many if any would choose to go into early retirement
The Emotional Dog and Its Rational Tail
VituVingiSana
#4166 Posted : Monday, May 16, 2016 1:45:35 AM
Rank: Chief


Joined: 1/3/2007
Posts: 18,038
Location: Nairobi
Impunity wrote:
obiero wrote:
Full year results expected release 30.06.2016


They had to push it mpaka the last day allowed by law...I told @VVS last week.

The year ended on 31 March,you know the result by now but you still wait mpaka 30 Jun midnight.

We were discussing Williamson not KQ. And KQ has until 31st July.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
maka
#4167 Posted : Monday, May 16, 2016 9:44:24 PM
Rank: Elder


Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
KQ chief operating officer tenders resignation- One more senior executive has left troubled national carrier Kenya Airways, signalling the continuation of management restructuring that began in earnest last year. Yves Guibert, the carrier’s chief operating officer (COO), has given notice of intention to leave within the next two months, adding to the list of top managers who have resigned or sent home in the past 12 months. Kenya Airways chief finance officer Alex Mbugua, Rick Sine (fleet director), Gerard Clarke (commercial director) and Alban Mwendar (the human resources director) have left the company since last October amidst a wave of turbulence punctuated by pilot strikes. Mr Mwendar, who the board had requested to stay on to oversee the ongoing rationalisation programme, announced last week that he was exiting the airline to pursue other interests. Kenya Airways also sent Alex Avedi, the director of corporate quality, safety, security and environment and Captain Paul Mwangi, the director flights operations, on a leave of absence for an unspecified duration to facilitate dialogue between the airline and its disgruntled pilots. (Source: Business Daily)

Sad day..very he wasone of the sharpest minds running KQ to me he should have been CEO hands down.Brilliant chap wish him all the best.@Obiero will invite you for his farewell party...
possunt quia posse videntur
maka
#4168 Posted : Monday, May 16, 2016 9:48:46 PM
Rank: Elder


Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
maka wrote:
KQ chief operating officer tenders resignation- One more senior executive has left troubled national carrier Kenya Airways, signalling the continuation of management restructuring that began in earnest last year. Yves Guibert, the carrier’s chief operating officer (COO), has given notice of intention to leave within the next two months, adding to the list of top managers who have resigned or sent home in the past 12 months. Kenya Airways chief finance officer Alex Mbugua, Rick Sine (fleet director), Gerard Clarke (commercial director) and Alban Mwendar (the human resources director) have left the company since last October amidst a wave of turbulence punctuated by pilot strikes. Mr Mwendar, who the board had requested to stay on to oversee the ongoing rationalisation programme, announced last week that he was exiting the airline to pursue other interests. Kenya Airways also sent Alex Avedi, the director of corporate quality, safety, security and environment and Captain Paul Mwangi, the director flights operations, on a leave of absence for an unspecified duration to facilitate dialogue between the airline and its disgruntled pilots. (Source: Business Daily)

Sad day..very he wasone of the sharpest minds running KQ to me he should have been CEO hands down.Brilliant chap wish him all the best.@Obiero will invite you for his farewell party...


Already appointed CEO of Angolan Airlines TAAG
possunt quia posse videntur
obiero
#4169 Posted : Monday, May 16, 2016 9:59:18 PM
Rank: Elder


Joined: 6/23/2009
Posts: 13,463
Location: nairobi
maka wrote:
KQ chief operating officer tenders resignation- One more senior executive has left troubled national carrier Kenya Airways, signalling the continuation of management restructuring that began in earnest last year. Yves Guibert, the carrier’s chief operating officer (COO), has given notice of intention to leave within the next two months, adding to the list of top managers who have resigned or sent home in the past 12 months. Kenya Airways chief finance officer Alex Mbugua, Rick Sine (fleet director), Gerard Clarke (commercial director) and Alban Mwendar (the human resources director) have left the company since last October amidst a wave of turbulence punctuated by pilot strikes. Mr Mwendar, who the board had requested to stay on to oversee the ongoing rationalisation programme, announced last week that he was exiting the airline to pursue other interests. Kenya Airways also sent Alex Avedi, the director of corporate quality, safety, security and environment and Captain Paul Mwangi, the director flights operations, on a leave of absence for an unspecified duration to facilitate dialogue between the airline and its disgruntled pilots. (Source: Business Daily)

Sad day..very he wasone of the sharpest minds running KQ to me he should have been CEO hands down.Brilliant chap wish him all the best.@Obiero will invite you for his farewell party...

@maka that is a big blow indeed, but allegations around over his role in assigning agents authority to discount ticket prices.. For those who did not know Mr. Guibert. He holds a Bachelor of Science in Computer and Mathematics, and a degree in Business and Administration from Paris Sorbone University. Between 1989 and 1995, Mr.Guibert worked for Air France as an Assistant Station Manager and would replace any Airport Manager during their absence due to his excellent adaptability and interpersonal skills to adapt to numerous airports set up and various cultures. Between 1998 and 2001, he worked as the Station Manager in Johannesburg, where he achieved many great things among them being to open South Africa for Virgin Atlantic and managed the operation. In 2001, he was promoted to an Airport Manager (West Africa) where he motivated a team and a territory unexposed to Virgin Atlantic. In 2005 to 2006, he was the Head of Grounds Services and was the part of senior management team. He was Director of Customer Services from 2006 until his appointment as Kenya Airways Ground Service Director.

HF 428,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 15,750 ABP 6.45
obiero
#4170 Posted : Tuesday, May 17, 2016 7:49:15 AM
Rank: Elder


Joined: 6/23/2009
Posts: 13,463
Location: nairobi
obiero wrote:
Spikes wrote:
obiero wrote:
Full year results expected release 30.06.2016



Are you anticipating a rocket rally?

I have shared the full year forecast here.. Operating profit KES 9.4b, profit before tax KES (7.5)b

Patiently waiting.. Anything better than the said forecast and turnaround shall be confirmed

HF 428,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 15,750 ABP 6.45
maka
#4171 Posted : Tuesday, May 17, 2016 8:13:41 AM
Rank: Elder


Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
obiero wrote:
obiero wrote:
Spikes wrote:
obiero wrote:
Full year results expected release 30.06.2016



Are you anticipating a rocket rally?

I have shared the full year forecast here.. Operating profit KES 9.4b, profit before tax KES (7.5)b

Patiently waiting.. Anything better than the said forecast and turnaround shall be confirmed


The cleanup has been good...hope the momentum maintains for a few years and for the Directors leaving hoping clean,focused,experienced people take their place...
possunt quia posse videntur
obiero
#4172 Posted : Tuesday, May 24, 2016 8:09:09 PM
Rank: Elder


Joined: 6/23/2009
Posts: 13,463
Location: nairobi
maka wrote:
obiero wrote:
obiero wrote:
Spikes wrote:
obiero wrote:
Full year results expected release 30.06.2016



Are you anticipating a rocket rally?

I have shared the full year forecast here.. Operating profit KES 9.4b, profit before tax KES (7.5)b

Patiently waiting.. Anything better than the said forecast and turnaround shall be confirmed


The cleanup has been good...hope the momentum maintains for a few years and for the Directors leaving hoping clean,focused,experienced people take their place...

Good things happening http://www.businessdaily...4/-/sjrlbhz/-/index.html

HF 428,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 15,750 ABP 6.45
VituVingiSana
#4173 Posted : Wednesday, May 25, 2016 12:17:13 AM
Rank: Chief


Joined: 1/3/2007
Posts: 18,038
Location: Nairobi
Everyone but shareholders make money off KQ.

http://www.businessdaily...4/-/sjrlbhz/-/index.html
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
maka
#4174 Posted : Wednesday, May 25, 2016 12:30:10 AM
Rank: Elder


Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
[quote=VituVingiSana]Everyone but shareholders make money off KQ.

http://www.businessdaily.../-/sjrlbhz/-/index.html[/quote]

This happened like 1.5 months ago....Some peeps had manipulated mpesa collections plus foreign exchange transactions.
possunt quia posse videntur
obiero
#4175 Posted : Wednesday, May 25, 2016 7:40:18 AM
Rank: Elder


Joined: 6/23/2009
Posts: 13,463
Location: nairobi
maka wrote:
[quote=VituVingiSana]Everyone but shareholders make money off KQ.

http://www.businessdaily.../-/sjrlbhz/-/index.html[/quote]

This happened like 1.5 months ago....Some peeps had manipulated mpesa collections plus foreign exchange transactions.

I don't think thats true @maka. Deloitte were already on site. Could one steal in the middle of an audit

HF 428,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 15,750 ABP 6.45
obiero
#4176 Posted : Wednesday, May 25, 2016 7:42:19 AM
Rank: Elder


Joined: 6/23/2009
Posts: 13,463
Location: nairobi
maka wrote:
[quote=VituVingiSana]Everyone but shareholders make money off KQ.

http://www.businessdaily.../-/sjrlbhz/-/index.html[/quote]

This happened like 1.5 months ago....Some peeps had manipulated mpesa collections plus foreign exchange transactions.

I don't think thats true @maka. Deloitte were already on site. Could one steal in the middle of an audit!!

HF 428,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 15,750 ABP 6.45
whiteowl
#4177 Posted : Wednesday, May 25, 2016 12:52:13 PM
Rank: Veteran


Joined: 4/16/2014
Posts: 1,420
Location: Bohemian Grove
[quote=VituVingiSana]Everyone but shareholders make money off KQ.

http://www.businessdaily.../-/sjrlbhz/-/index.html[/quote]

cash flow leakage definitely sounds better than theft smile
obiero
#4178 Posted : Wednesday, May 25, 2016 5:26:04 PM
Rank: Elder


Joined: 6/23/2009
Posts: 13,463
Location: nairobi
whiteowl wrote:
[quote=VituVingiSana]Everyone but shareholders make money off KQ.

http://www.businessdaily.../-/sjrlbhz/-/index.html[/quote]

cash flow leakage definitely sounds better than theft smile

And still people will dare say Ngunze has done nothing for KQ

HF 428,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 15,750 ABP 6.45
Ebenyo
#4179 Posted : Wednesday, May 25, 2016 8:32:01 PM
Rank: Veteran


Joined: 4/4/2016
Posts: 1,996
Location: Kitale
so they sold heathrow slot and ate the money?
Towards the goal of financial freedom
VituVingiSana
#4180 Posted : Wednesday, May 25, 2016 8:50:07 PM
Rank: Chief


Joined: 1/3/2007
Posts: 18,038
Location: Nairobi
Ebenyo wrote:
so they sold heathrow slot and ate the money?

Everyone but shareholders make money off KQ.

Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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