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Kenya Airways...why ignore..
Rank: Chief Joined: 1/3/2007 Posts: 18,298 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 has NEGATIVE Equity? All banks with (potential) Negative Equity are under KDIC or closed. Recently those include Dubai, Chase and Imperial. 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: 18,298 Location: Nairobi
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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 Dear @Obiero you said KCB made a loss in 2004. I said you were blowing hot air about KCB having made a loss in 2004 which as @Ericsson has shown you were. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Veteran Joined: 8/30/2007 Posts: 1,558 Location: Nairobi
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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. Nbm is not on negative equity http://nationalbank.co.k...s-at-31-March-2016-2.pdf
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Rank: Member Joined: 5/29/2016 Posts: 898 Location: Nairobi
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enyands wrote: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 airline’s 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 @enyands, Ngunze should not be still holding that position. Even the godfathers who are protecting him should be worried by the revelations in the forensic report. Good work by the Standard, Editorial is here, http://www.standardmedia.../?articleID=2000203955.
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Rank: Elder Joined: 7/22/2009 Posts: 7,703
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enyands wrote:"Employees involved in the purchase of fuel, which makes up 40 per cent of the airline’s 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 That story is like a script for a horror movie!!! Matafakas are buying fuel at $80 a barrel??? Almost three times the market price (at one point)?? Yet fuel accounts for their biggest expense!? 40%!! Paying the highest prices for fuel in Nairobi than ALL the other airlines and it is their hub, they buy in bulk etc. etc. Bloody matafakas!!!! 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:enyands wrote:"Employees involved in the purchase of fuel, which makes up 40 per cent of the airline’s 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 That story is like a script to a horror movie!!! Matafakas are buying fuel at $80 a barrel??? Almost three times the market price (at one point)?? Yet fuel accounts for their biggest expense!? 40%!! Paying the highest prices for fuel in Nairobi than ALL the other airlines and it is their hub, they buy in bulk etc. etc. Bloody matafakas!!!! pole sana. good times are coming
KQ ABP 4.26
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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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http://www.standardmedia...-than-any-other-airline
Oops hadn't noticed it's been posted. possunt quia posse videntur
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Rank: Elder Joined: 9/20/2015 Posts: 2,811 Location: Mombasa
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obiero wrote:MaichBlack wrote:enyands wrote:"Employees involved in the purchase of fuel, which makes up 40 per cent of the airline’s 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 That story is like a script to a horror movie!!! Matafakas are buying fuel at $80 a barrel??? Almost three times the market price (at one point)?? Yet fuel accounts for their biggest expense!? 40%!! Paying the highest prices for fuel in Nairobi than ALL the other airlines and it is their hub, they buy in bulk etc. etc. Bloody matafakas!!!! pole sana. good times are coming Let them send CEO Nguze packing because KQ stock is threatening @obiero to 2/-! John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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Rank: Chief Joined: 1/3/2007 Posts: 18,298 Location: Nairobi
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@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? 4) Do you get any remuneration from a PR agency? Just asking. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: New-farer Joined: 8/23/2013 Posts: 34
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Maybe Ngunze should borrow a page from this lady's book. http://www.elitereaders....irst-female-billionaire/
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Rank: Chief Joined: 1/3/2007 Posts: 18,298 Location: Nairobi
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[quote=timbosho]Maybe Ngunze should borrow a page from this lady's book. http://www.elitereaders....rst-female-billionaire/[/quote] For starters, KQ would need to hire attractive stewardesses...!  I have flown Ethiopian and there is no comparison between ET and KQ. Someone has compared Emirates vs KQ. http://buzzkenya.com/pho...tesses-who-rocks-better/Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Member Joined: 5/29/2016 Posts: 898 Location: Nairobi
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maka wrote:http://www.standardmedia.co.ke/mobile/article/2000203966/kq-pays-more-for-fuel-than-any-other-airline
Oops hadn't noticed it's been posted. @maka, What's the word going around the corridors there? Is Ngunze likely to exit? It seems he was aware of the internal bleeding and yet he still resorted to selling assets at throw away prices? The forensic auditors are proposing mere disciplinary proceedings against him and Alex as per the below article by the Standard. http://www.standardmedia...ns-despite-hefty-losses
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Rank: Elder Joined: 6/23/2009 Posts: 14,069 Location: nairobi
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[quote=VituVingiSana][quote=timbosho]Maybe Ngunze should borrow a page from this lady's book. http://www.elitereaders....rst-female-billionaire/[/quote] For starters, KQ would need to hire attractive stewardesses...! I have flown Ethiopian and there is no comparison between ET and KQ. Someone has compared Emirates vs KQ. http://buzzkenya.com/pho...esses-who-rocks-better/[/quote] different cultures. Africa won't catch on to the bikini stunts, but I agree the hostesses need to be pretty at KQ. Generally they have good looking ones but improvement can be done. Nieces of who is who got some of those jobs while they lack the attitude and characteristics. BTW Ngunze had board approval for all the recent sales. he acted sensibly and with authority. Hedges tied him down but the same are now discontinued..24 days to fate
KQ ABP 4.26
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Rank: Veteran Joined: 4/4/2016 Posts: 1,999 Location: Kitale
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ArrestedDev wrote:maka wrote:http://www.standardmedia.co.ke/mobile/article/2000203966/kq-pays-more-for-fuel-than-any-other-airline
Oops hadn't noticed it's been posted. @maka, What's the word going around the corridors there? Is Ngunze likely to exit? It seems he was aware of the internal bleeding and yet he still resorted to selling assets at throw away prices? The forensic auditors are proposing mere disciplinary proceedings against him and Alex as per the below article by the Standard. http://www.standardmedia...ns-despite-hefty-losses So the problem was internal stealing afterall.Then the mgt resort to fix the problem by leasing and selling planes,leasing pilots and selling company assets!That was a very awkward way of handling the problem. Towards the goal of financial freedom
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Rank: Elder Joined: 9/20/2015 Posts: 2,811 Location: Mombasa
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obiero wrote:[quote=VituVingiSana][quote=timbosho]Maybe Ngunze should borrow a page from this lady's book. http://www.elitereaders....rst-female-billionaire/[/quote] For starters, KQ would need to hire attractive stewardesses...! I have flown Ethiopian and there is no comparison between ET and KQ. Someone has compared Emirates vs KQ. http://buzzkenya.com/pho...esses-who-rocks-better/[/quote] different cultures. Africa won't catch on to the bikini stunts, but I agree the hostesses need to be pretty at KQ. Generally they have good looking ones but improvement can be done. Nieces of who is who got some of those jobs while they lack the attitude and characteristics. BTW Ngunze had board approval for all the recent sales. he acted sensibly and with authority. Hedges tied him down but the same are now discontinued..24 days to fate Which fate when nasty revelations are emerging threatening KQ stock to 2/- ? John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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Rank: Elder Joined: 6/23/2009 Posts: 14,069 Location: nairobi
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Spikes wrote:obiero wrote:[quote=VituVingiSana][quote=timbosho]Maybe Ngunze should borrow a page from this lady's book. http://www.elitereaders....rst-female-billionaire/[/quote] For starters, KQ would need to hire attractive stewardesses...! I have flown Ethiopian and there is no comparison between ET and KQ. Someone has compared Emirates vs KQ. http://buzzkenya.com/pho...esses-who-rocks-better/[/quote] different cultures. Africa won't catch on to the bikini stunts, but I agree the hostesses need to be pretty at KQ. Generally they have good looking ones but improvement can be done. Nieces of who is who got some of those jobs while they lack the attitude and characteristics. BTW Ngunze had board approval for all the recent sales. he acted sensibly and with authority. Hedges tied him down but the same are now discontinued..24 days to fate Which fate when nasty revelations are emerging threatening KQ stock to 2/- ? the stock rose on Friday
KQ ABP 4.26
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Rank: Elder Joined: 9/20/2015 Posts: 2,811 Location: Mombasa
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obiero wrote:Spikes wrote:obiero wrote:[quote=VituVingiSana][quote=timbosho]Maybe Ngunze should borrow a page from this lady's book. http://www.elitereaders....rst-female-billionaire/[/quote] For starters, KQ would need to hire attractive stewardesses...! I have flown Ethiopian and there is no comparison between ET and KQ. Someone has compared Emirates vs KQ. http://buzzkenya.com/pho...esses-who-rocks-better/[/quote] different cultures. Africa won't catch on to the bikini stunts, but I agree the hostesses need to be pretty at KQ. Generally they have good looking ones but improvement can be done. Nieces of who is who got some of those jobs while they lack the attitude and characteristics. BTW Ngunze had board approval for all the recent sales. he acted sensibly and with authority. Hedges tied him down but the same are now discontinued..24 days to fate Which fate when nasty revelations are emerging threatening KQ stock to 2/- ? the stock rose on Friday Wait till tomorrow. Another new 12month low shall be tested! John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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Rank: Member Joined: 2/8/2007 Posts: 808
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Obiero you are either a publicist for KQ or are an insider at KQ. You lack objectivity sir. The level of theft in there is shocking. I mean for Deloitte to pick such glaring theft and Deloitte is never diligent things must be very ugly. Still can't understand how KQ was trading at Dubai Bank!! With all due respect.The hedges as any decent analyst thought all along were never hedges but schemes to collect brokes on the hefty fuel tab. They can't be on 7ur losing streak and do nothing about it.
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Rank: Member Joined: 5/29/2016 Posts: 898 Location: Nairobi
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obiero wrote:[quote=VituVingiSana][quote=timbosho]Maybe Ngunze should borrow a page from this lady's book. http://www.elitereaders....rst-female-billionaire/[/quote] For starters, KQ would need to hire attractive stewardesses...! I have flown Ethiopian and there is no comparison between ET and KQ. Someone has compared Emirates vs KQ. http://buzzkenya.com/pho...esses-who-rocks-better/[/quote] different cultures. Africa won't catch on to the bikini stunts, but I agree the hostesses need to be pretty at KQ. Generally they have good looking ones but improvement can be done. Nieces of who is who got some of those jobs while they lack the attitude and characteristics. BTW Ngunze had board approval for all the recent sales. he acted sensibly and with authority. Hedges tied him down but the same are now discontinued..24 days to fate @obiero, Who proposes causes of action to the board, is it the management? The hedges are still in place. It was mentioned in this thread a while ago. Selling of precious assets a throw away prices in a bid to return to profitability quickly yet internal bleeding is taking place as late as 2015 is unsound business decision to me. Who discussed and approved hedging, was Ngunze not part and parcel of the strategy?
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Rank: Elder Joined: 6/23/2009 Posts: 14,069 Location: nairobi
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ArrestedDev wrote:obiero wrote:[quote=VituVingiSana][quote=timbosho]Maybe Ngunze should borrow a page from this lady's book. http://www.elitereaders....rst-female-billionaire/[/quote] For starters, KQ would need to hire attractive stewardesses...! I have flown Ethiopian and there is no comparison between ET and KQ. Someone has compared Emirates vs KQ. http://buzzkenya.com/pho...esses-who-rocks-better/[/quote] different cultures. Africa won't catch on to the bikini stunts, but I agree the hostesses need to be pretty at KQ. Generally they have good looking ones but improvement can be done. Nieces of who is who got some of those jobs while they lack the attitude and characteristics. BTW Ngunze had board approval for all the recent sales. he acted sensibly and with authority. Hedges tied him down but the same are now discontinued..24 days to fate @obiero, Who proposes causes of action to the board, is it the management? The hedges are still in place. It was mentioned in this thread a while ago. Selling of precious assets a throw away prices in a bid to return to profitability quickly yet internal bleeding is taking place as late as 2015 is unsound business decision to me. Who discussed and approved hedging, was Ngunze not part and parcel of the strategy? Ngunze was part of management but it's likely he didn't know of the cartels.. These things happen in office. Hakuna aliye mweupe pepepe
KQ ABP 4.26
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