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Kenya Airways...why ignore..
Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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Spikes wrote: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. Told you guys about the forex deals....sasa wait for supply chain huko ndio mambo iko. possunt quia posse videntur
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Rank: Member Joined: 5/29/2016 Posts: 898 Location: Nairobi
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maka wrote:Spikes wrote: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. Told you guys about the forex deals....sasa wait for supply chain huko ndio mambo iko. @maka, It is good, the report have been leaked to the media so that everyone can interrogate. Both Alex and Ngunze have been mentioned adversely ( approved the Dubai bank account opening and a fuel bank guarantee over and above the limit set). Time will tell how Alex convinced Ngunze to sign off without being checked against the laid down procedures and policies. If they were not colluding to defraud the Company then I do not know. Why and how nobody noticed fuel procurement being done very late leaves a lot of questions for the management to answer.
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Rank: Elder Joined: 6/23/2009 Posts: 14,069 Location: nairobi
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ArrestedDev wrote:maka wrote:Spikes wrote: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. Told you guys about the forex deals....sasa wait for supply chain huko ndio mambo iko. @maka, It is good, the report have been leaked to the media so that everyone can interrogate. Both Alex and Ngunze have been mentioned adversely ( approved the Dubai bank account opening and a fuel bank guarantee over and above the limit set). Time will tell how Alex convinced Ngunze to sign off without being checked against the laid down procedures and policies. If they were not colluding to defraud the Company then I do not know. Why and how nobody noticed fuel procurement being done very late leaves a lot of questions for the management to answer. hence the best time to load up. KQ is undergoing transformation. but ngunze is clueless on media relations. pathetic handling of all allegations against him and the firm. there he has failed the shareholders. he should be bold enough to tackle the matters raised in an interview not via press releases. if I was the captain the share price would be above rights Issue price. to ensure shareholder unrest is constrained. how on earth will he make it to the next AGM. I don't think he will be there, honestly...
KQ ABP 4.26
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Rank: Veteran Joined: 4/4/2016 Posts: 1,999 Location: Kitale
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Obiero could be right.Safcom was once 2.50 but now 16! Towards the goal of financial freedom
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Rank: Member Joined: 5/30/2016 Posts: 332 Location: Kayole
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Ebenyo wrote:Obiero could be right.Safcom was once 2.50 but now 16! Comparing Safaricom to KQ is an insult KEGN, KPLC, KQ, SCOM
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Rank: Elder Joined: 6/23/2009 Posts: 14,069 Location: nairobi
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mkate_nusu wrote:Ebenyo wrote:Obiero could be right.Safcom was once 2.50 but now 16! Comparing Safaricom to KQ is an insult CFO of Scom,Mr Tombstone stole a few months ago. Bob hasn't brought a single new product since Michael left. Hapo hakuna insult. past performance of a share/company does not imply future repeat of behaviour. there are firms that died and rose. many of them. kcc, kcb, carbacid, tpsea, cfcstanbic..
KQ ABP 4.26
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Rank: Veteran Joined: 8/30/2007 Posts: 1,558 Location: Nairobi
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obiero wrote:mkate_nusu wrote:Ebenyo wrote:Obiero could be right.Safcom was once 2.50 but now 16! Comparing Safaricom to KQ is an insult CFO of Scom,Mr Tombstone stole a few months ago. Bob hasn't brought a single new product since Michael left. Hapo hakuna insult. past performance of a share/company does not imply future repeat of behaviour. there are firms that died and rose. many of them. kcc, kcb, carbacid, tpsea, cfcstanbic.. @obiero carbacid died?????? Really??
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Rank: Elder Joined: 6/23/2009 Posts: 14,069 Location: nairobi
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Horton wrote:obiero wrote:mkate_nusu wrote:Ebenyo wrote:Obiero could be right.Safcom was once 2.50 but now 16! Comparing Safaricom to KQ is an insult CFO of Scom,Mr Tombstone stole a few months ago. Bob hasn't brought a single new product since Michael left. Hapo hakuna insult. past performance of a share/company does not imply future repeat of behaviour. there are firms that died and rose. many of them. kcc, kcb, carbacid, tpsea, cfcstanbic.. @obiero carbacid died?????? Really?? u don't remember? five year comatose state leading to 'death' in 2009 before Kirubi stepped in to salvage Ngendo Matiba stake http://www.businessdaily...on/-/vyywxy/-/index.html
KQ ABP 4.26
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Rank: Elder Joined: 7/22/2009 Posts: 7,703
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mkate_nusu wrote:Ebenyo wrote:Obiero could be right.Safcom was once 2.50 but now 16! Comparing Safaricom to KQ is an insult @Ebenyo - Are you serious??? At the time, Safaricom was not only making profits, it was GROWING profits. It was the industry leader. Everything was okay. The price was because of market emotions, not fundamentals. On the other hand, Kenya Airways is more broke than @Obiero. Actually, no single Kenyan is as broke as Kenya Airways!!! They are at negative equity and GROWING LOSSES!!! It is definitely criminal to compare the two!!! 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: Elder Joined: 6/23/2009 Posts: 14,069 Location: nairobi
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MaichBlack wrote:mkate_nusu wrote:Ebenyo wrote:Obiero could be right.Safcom was once 2.50 but now 16! Comparing Safaricom to KQ is an insult @Ebenyo - Are you serious??? At the time, Safaricom was not only making profits, it was GROWING profits. It was the industry leader. Everything was okay. The price was because of market emotions, not fundamentals. On the other hand, Kenya Airways is more broke than @Obiero. Actually, no single Kenyan is as broke as Kenya Airways!!! They are at negative equity and GROWING LOSSES!!! It is definitely criminal to compare the two!!! @maichblack are you aware that banks also have negative equity. KQ is sick but not dying.. Biashara huwa hivo. kupanda na kushuka. hata safaricom huweza kuja ikaangamia kwa uongozi wa Tombstone si sawa .they just have a better PR machine . 1m each to the editor of major dailies and everyone forgets that issue of some billions being used to buy up inflated land at Garden City. no one asks any hard question. they pick on hapless KQ that lacks will and wherewithal to bribe editors for favorable coverage
KQ ABP 4.26
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Rank: Veteran Joined: 8/30/2007 Posts: 1,558 Location: Nairobi
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obiero wrote:Horton wrote:obiero wrote:mkate_nusu wrote:[quote=Ebenyo]Obiero could be right.Safcom was once 2.50 but now 16! Comparing Safaricom to KQ is an insult CFO of Scom,Mr Tombstone stole a few months ago. Bob hasn't brought a single new product since Michael left. Hapo hakuna insult. past performance of a share/company does not imply future repeat of behaviour. there are firms that died and rose. many of them. kcc, kcb, carbacid, tpsea, cfcstanbic.. @obiero carbacid died?????? Really?? u don't remember? five year comatose state leading to 'death' in 2009 before Kirubi stepped in to salvage Ngendo Matiba stake http://www.businessdaily...n/-/vyywxy/-/index.html[/quote] That was the share price. Not the company ๐
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Rank: Elder Joined: 6/23/2009 Posts: 14,069 Location: nairobi
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Horton wrote:obiero wrote:Horton wrote:obiero wrote:mkate_nusu wrote:[quote=Ebenyo]Obiero could be right.Safcom was once 2.50 but now 16! Comparing Safaricom to KQ is an insult CFO of Scom,Mr Tombstone stole a few months ago. Bob hasn't brought a single new product since Michael left. Hapo hakuna insult. past performance of a share/company does not imply future repeat of behaviour. there are firms that died and rose. many of them. kcc, kcb, carbacid, tpsea, cfcstanbic.. @obiero carbacid died?????? Really?? u don't remember? five year comatose state leading to 'death' in 2009 before Kirubi stepped in to salvage Ngendo Matiba stake http://www.businessdaily...n/-/vyywxy/-/index.html[/quote] That was the share price. Not the company ๐ those two are highly correlated
KQ ABP 4.26
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Rank: Elder Joined: 12/4/2009 Posts: 10,798 Location: NAIROBI
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@Obiero KCB 2001-2006 2001 Profit before tax ksh.369mn 2002 Loss of ksh.4.1bn 2003 Profit of ksh.713mn 2004 Profit of ksh.793mn 2005 Profit of ksh.1.9bn 2006 Profit of ksh.3.035bn Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 6/23/2009 Posts: 14,069 Location: nairobi
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Ericsson wrote:@Obiero
KCB 2001-2006
2001 Profit before tax ksh.369mn
2002 Loss of ksh.4.1bn
2003 Profit of ksh.713mn
2004 Profit of ksh.793mn
2005 Profit of ksh.1.9bn
2006 Profit of ksh.3.035bn @vvs hot air??? KCB made a loss. these things happen
KQ ABP 4.26
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Rank: Elder Joined: 7/22/2009 Posts: 7,703
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obiero wrote:Ericsson wrote:@Obiero
KCB 2001-2006
2001 Profit before tax ksh.369mn
2002 Loss of ksh.4.1bn
2003 Profit of ksh.713mn
2004 Profit of ksh.793mn
2005 Profit of ksh.1.9bn
2006 Profit of ksh.3.035bn @vvs hot air??? KCB made a loss. these things happen A loss. Key letter -> ANow list KQ's Profits/Losses for 2010 - 2015 and compare. I think that is the point @Ericsson wanted you to see. I guess. Weka Hapa... All available results from 2010.... 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: Veteran Joined: 8/30/2007 Posts: 1,558 Location: Nairobi
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obiero wrote:Horton wrote:obiero wrote:Horton wrote:obiero wrote:mkate_nusu wrote:[quote=Ebenyo]Obiero could be right.Safcom was once 2.50 but now 16! Comparing Safaricom to KQ is an insult CFO of Scom,Mr Tombstone stole a few months ago. Bob hasn't brought a single new product since Michael left. Hapo hakuna insult. past performance of a share/company does not imply future repeat of behaviour. there are firms that died and rose. many of them. kcc, kcb, carbacid, tpsea, cfcstanbic.. @obiero carbacid died?????? Really?? u don't remember? five year comatose state leading to 'death' in 2009 before Kirubi stepped in to salvage Ngendo Matiba stake http://www.businessdaily...n/-/vyywxy/-/index.html[/quote] That was the share price. Not the company ๐ those two are highly correlated Price and company are not corelated. Emotions and price are corelated. Otherwise we would be in a perfect market where value is what u paid.
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Rank: Veteran Joined: 8/30/2007 Posts: 1,558 Location: Nairobi
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obiero wrote:MaichBlack wrote:mkate_nusu wrote:Ebenyo wrote:Obiero could be right.Safcom was once 2.50 but now 16! Comparing Safaricom to KQ is an insult @Ebenyo - Are you serious??? At the time, Safaricom was not only making profits, it was GROWING profits. It was the industry leader. Everything was okay. The price was because of market emotions, not fundamentals. On the other hand, Kenya Airways is more broke than @Obiero. Actually, no single Kenyan is as broke as Kenya Airways!!! They are at negative equity and GROWING LOSSES!!! It is definitely criminal to compare the two!!! @maichblack are you aware that banks also have negative equity. KQ is sick but not dying.. Biashara huwa hivo. kupanda na kushuka. hata safaricom huweza kuja ikaangamia kwa uongozi wa Tombstone si sawa .they just have a better PR machine . 1m each to the editor of major dailies and everyone forgets that issue of some billions being used to buy up inflated land at Garden City. no one asks any hard question. they pick on hapless KQ that lacks will and wherewithal to bribe editors for favorable coverage Which listed bank is this with negative NAV???
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Rank: Veteran Joined: 4/16/2014 Posts: 1,420 Location: Bohemian Grove
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Horton wrote:obiero wrote:MaichBlack wrote:mkate_nusu wrote:Ebenyo wrote:Obiero could be right.Safcom was once 2.50 but now 16! Comparing Safaricom to KQ is an insult @Ebenyo - Are you serious??? At the time, Safaricom was not only making profits, it was GROWING profits. It was the industry leader. Everything was okay. The price was because of market emotions, not fundamentals. On the other hand, Kenya Airways is more broke than @Obiero. Actually, no single Kenyan is as broke as Kenya Airways!!! They are at negative equity and GROWING LOSSES!!! It is definitely criminal to compare the two!!! @maichblack are you aware that banks also have negative equity. KQ is sick but not dying.. Biashara huwa hivo. kupanda na kushuka. hata safaricom huweza kuja ikaangamia kwa uongozi wa Tombstone si sawa .they just have a better PR machine . 1m each to the editor of major dailies and everyone forgets that issue of some billions being used to buy up inflated land at Garden City. no one asks any hard question. they pick on hapless KQ that lacks will and wherewithal to bribe editors for favorable coverage Which listed bank is this with negative NAV??? NBK though it's not in a bad situation like KQ. Actually KQ can't be a benchmark coz it's at the bottom of the pit.
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Rank: Elder Joined: 12/25/2014 Posts: 2,301 Location: kenya
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whiteowl wrote:Horton wrote:obiero wrote:MaichBlack wrote:mkate_nusu wrote:Ebenyo wrote:Obiero could be right.Safcom was once 2.50 but now 16! Comparing Safaricom to KQ is an insult @Ebenyo - Are you serious??? At the time, Safaricom was not only making profits, it was GROWING profits. It was the industry leader. Everything was okay. The price was because of market emotions, not fundamentals. On the other hand, Kenya Airways is more broke than @Obiero. Actually, no single Kenyan is as broke as Kenya Airways!!! They are at negative equity and GROWING LOSSES!!! It is definitely criminal to compare the two!!! @maichblack are you aware that banks also have negative equity. KQ is sick but not dying.. Biashara huwa hivo. kupanda na kushuka. hata safaricom huweza kuja ikaangamia kwa uongozi wa Tombstone si sawa .they just have a better PR machine . 1m each to the editor of major dailies and everyone forgets that issue of some billions being used to buy up inflated land at Garden City. no one asks any hard question. they pick on hapless KQ that lacks will and wherewithal to bribe editors for favorable coverage Which listed bank is this with negative NAV??? NBK though it's not in a bad situation like KQ. Actually KQ can't be a benchmark coz it's at the bottom of the pit. "Employees involved in the purchase of fuel, which makes up 40 per cent of the airlineโs direct costs, preferred the most expensive pricing formula available." linkEven my grandmother can tell me this is wrong what management did. Nguze knew this and he didn't do anything to change it. Yeye si mweupe kama pamba
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Rank: Chief Joined: 1/3/2007 Posts: 18,298 Location: Nairobi
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mkate_nusu wrote:Ebenyo wrote:Obiero could be right.Safcom was once 2.50 but now 16! Comparing Safaricom to KQ is an insult  Safaricom vs KQ. Michael Joseph vs Titus Naikuni. Profits vs Losses. MJ took over a 'dead' firm & grew into a giant which he handed to BC while TN took over a profitable firm and almost killed it before handing it over to MN. Safcom went public at 5/- and is now 17/-. KQ went public at 11.25 (then a Rights at 14) and is now 3.85 Mambo ndio hiyo. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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