3.50 very conservative. It belongs in the group of its loss making and negative equity sister companies MSC, HAFR, ADSS etc. all racing to reach 1 bob. Who will get their 1st? Almost time to place your Bets

LMAO... So @obiero is complaining on Twitter about the CEO?

https://twitter.com/Keny...tatus/736958984578420736

if people were to be analytical on KQ it would be a concensus that something good is happening there. sale of the assets was necessary, though hurtful. route optimization was essential. staff rationalization unavoidable. I previously asked for others to state what they would do different but all I got were crickets. hii tabia ya kukutaa kuona bidii ya wengine for the sake si intelligent hata kidogo. seabury, mckinsey, deloitte, pjt financial are experts. let us view the full year result then engage further

@Obiero - Please come clean. Roho safi.

1) Do/Did you get any free/discounted flights on KQ?
2) Do/Did you get any free/discounted upgrades on flights on KQ/Skyteam?
3) Do/Did you get any remuneration [cash/perks/freebies] on KQ?

Just asking.

I would only accept KQ shares if some one paid me Sh25 to take. Yaahi - unilipe halafu nichukue shares zako!

This thing has a NAV of -Sh23! Look at the BS: Total Equity = NEGATIVE 33bn.

You must be very hopeful to imagine that it will ever recover!

The great question is why the share has been allowed to trade even though it does not meet basic listing requirements of solvency.

Greedy Kenyan "investors" are flocking to buy KQ shares when they here that Kirubi has bought. The guy was asked about it on JKL and he said he's not aware of the purchase. "you know I have a team that looks after small purchases - they don't have to tell me every time the spend a few million shillings"! I'm quite sure some one lost a job the following morning.

That's not true now. He knew about his purchase and was even physically present at media briefings. Anyhow, we don't benchmark on Kirubi. Finally, stating that KQ will never recover is an obscenity. Remember KCB in 2004 made a loss of KES 4.3b

@Obiero
KCB in 2004 made a net profit of ksh.793mn
KCB was never at negative equity and heavily in debt like KQ.
It will take years for KQ to turn to positive equity,reduce the debt to manageable levels that guarantees growth in profits.
The only way this can be shortened is if a deep pocketed middle east airline acquires a majority stake in KQ

that article points to good times ahead au ni mimi sijui kusoma

@obiero, More unpalatable revelations here, http://www.standardmedia...-sh400m-via-forex-deals , Ngunze as the CEO is not aware of limits set by board of governers for fuel bank guarantee or it is outright mismanagement of the company?.

Management is a science though in Kenya companies are run like political parties. It is appalling being at the top of the company without the ability to pin-point challenges down the ladder.