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Kenya Airways...why ignore..
Rank: Elder Joined: 6/23/2009 Posts: 13,711 Location: nairobi
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maka wrote:obiero wrote:ArrestedDev wrote:muandiwambeu wrote:maka wrote:obiero wrote:maka wrote:obiero wrote:I have officially stopped the purchase of further KQ shares and now await the ride of a lifetime. The stars are lined up, perfectly.. Thank me later Will only buy after the results which are bad...and thereafter Ngunze's resignation. It is unlikely that Ngunze will resign.. He has a name to hold and the turnaround thus far is directly linked to his wisdom.. He has managed the company par excellence as CEO He is going home...wait and see. I have also heard, and even after the 11 days I will wait. Even a mad man knows this guy is among the executives who slept on the job. He is just being protected by the cartels. I am not a mad man and I have said it here before that Ngunze is a victim of circumstances. He joined KQ in 2011, became CEO in Dec 2014. Should he be blamed for issues that have dogged the firm for years past. I don't think so.... Mr. Mbuvi Ngunze is CEO, Executive Director & Group Managing Director at Kenya Airways Ltd. and Secretary at East African Cement Producers Association. He is on the Board of Directors at Kenya Airways Ltd., Jambo Jet Ltd., and Lewa Wildlife Conservancy. Mr. Ngunze was previously employed as Group Vice President-Internal Communications by Lafarge SA, a Managing Director by Hima Cement Ltd., Finance Director by Bamburi Cement Co. Ltd., and Audit Manager by Pricewaterhousecoopers. He also served on the board at Mbeya Cement Co. Ltd. He received his undergraduate degree from the University of Nairobi. He was at all meetings in regards to project mawingu...the mother being one where TN used curse words infront of all managers accusing them of delaying implementation of the strategy...He can have that rosy CV but its time for him to go...even Ciano was well decorated. Ciano had corruption embedded in his DNA. Similar to Naikuni.. Ngunze on the other hand is clean. Being part of a sinking ship does not mean you did not play your role right.. If assigned to check the sail or engine and I do my part.. Why should I suffer from a coxswain error who decided to go rudderless. Further from human psychology, it is not thinkable that he would hold on upto now, if indeed he was guilty of misdemeanours.. Not with the audit and Senate probe ongoing.. Indeed he could eventually be forced to leave by the mobb but I believe he means well for KQ regardless of whether or not he owns shares in the airline.. Though I would prefer that the CEO hold substantial shares to solidify his passion COOP 255,000 ABP 15.85; KQ 544,100 ABP 7.15; MTN 23,800 ABP 5.20
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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obiero wrote:maka wrote:obiero wrote:ArrestedDev wrote:muandiwambeu wrote:maka wrote:obiero wrote:maka wrote:obiero wrote:I have officially stopped the purchase of further KQ shares and now await the ride of a lifetime. The stars are lined up, perfectly.. Thank me later Will only buy after the results which are bad...and thereafter Ngunze's resignation. It is unlikely that Ngunze will resign.. He has a name to hold and the turnaround thus far is directly linked to his wisdom.. He has managed the company par excellence as CEO He is going home...wait and see. I have also heard, and even after the 11 days I will wait. Even a mad man knows this guy is among the executives who slept on the job. He is just being protected by the cartels. I am not a mad man and I have said it here before that Ngunze is a victim of circumstances. He joined KQ in 2011, became CEO in Dec 2014. Should he be blamed for issues that have dogged the firm for years past. I don't think so.... Mr. Mbuvi Ngunze is CEO, Executive Director & Group Managing Director at Kenya Airways Ltd. and Secretary at East African Cement Producers Association. He is on the Board of Directors at Kenya Airways Ltd., Jambo Jet Ltd., and Lewa Wildlife Conservancy. Mr. Ngunze was previously employed as Group Vice President-Internal Communications by Lafarge SA, a Managing Director by Hima Cement Ltd., Finance Director by Bamburi Cement Co. Ltd., and Audit Manager by Pricewaterhousecoopers. He also served on the board at Mbeya Cement Co. Ltd. He received his undergraduate degree from the University of Nairobi. He was at all meetings in regards to project mawingu...the mother being one where TN used curse words infront of all managers accusing them of delaying implementation of the strategy...He can have that rosy CV but its time for him to go...even Ciano was well decorated. Ciano had corruption embedded in his DNA. Similar to Naikuni.. Ngunze on the other hand is clean. Being part of a sinking ship does not mean you did not play your role right.. If assigned to check the sail or engine and I do my part.. Why should I suffer from a coxswain error who decided to go rudderless. Further from human psychology, it is not thinkable that he would hold on upto now, if indeed he was guilty of misdemeanours.. Not with the audit and Senate probe ongoing.. Indeed he could eventually be forced to leave by the mobb but I believe he means well for KQ regardless of whether or not he owns shares in the airline.. Though I would prefer that the CEO hold substantial shares to solidify his passion You are aware whose interests the Ngunzes take care of, right? Hint, the other Ngunze is at CBA. Life is short. Live passionately.
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Rank: Elder Joined: 6/23/2009 Posts: 13,711 Location: nairobi
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sparkly wrote:obiero wrote:maka wrote:obiero wrote:ArrestedDev wrote:muandiwambeu wrote:maka wrote:obiero wrote:maka wrote:obiero wrote:I have officially stopped the purchase of further KQ shares and now await the ride of a lifetime. The stars are lined up, perfectly.. Thank me later Will only buy after the results which are bad...and thereafter Ngunze's resignation. It is unlikely that Ngunze will resign.. He has a name to hold and the turnaround thus far is directly linked to his wisdom.. He has managed the company par excellence as CEO He is going home...wait and see. I have also heard, and even after the 11 days I will wait. Even a mad man knows this guy is among the executives who slept on the job. He is just being protected by the cartels. I am not a mad man and I have said it here before that Ngunze is a victim of circumstances. He joined KQ in 2011, became CEO in Dec 2014. Should he be blamed for issues that have dogged the firm for years past. I don't think so.... Mr. Mbuvi Ngunze is CEO, Executive Director & Group Managing Director at Kenya Airways Ltd. and Secretary at East African Cement Producers Association. He is on the Board of Directors at Kenya Airways Ltd., Jambo Jet Ltd., and Lewa Wildlife Conservancy. Mr. Ngunze was previously employed as Group Vice President-Internal Communications by Lafarge SA, a Managing Director by Hima Cement Ltd., Finance Director by Bamburi Cement Co. Ltd., and Audit Manager by Pricewaterhousecoopers. He also served on the board at Mbeya Cement Co. Ltd. He received his undergraduate degree from the University of Nairobi. He was at all meetings in regards to project mawingu...the mother being one where TN used curse words infront of all managers accusing them of delaying implementation of the strategy...He can have that rosy CV but its time for him to go...even Ciano was well decorated. Ciano had corruption embedded in his DNA. Similar to Naikuni.. Ngunze on the other hand is clean. Being part of a sinking ship does not mean you did not play your role right.. If assigned to check the sail or engine and I do my part.. Why should I suffer from a coxswain error who decided to go rudderless. Further from human psychology, it is not thinkable that he would hold on upto now, if indeed he was guilty of misdemeanours.. Not with the audit and Senate probe ongoing.. Indeed he could eventually be forced to leave by the mobb but I believe he means well for KQ regardless of whether or not he owns shares in the airline.. Though I would prefer that the CEO hold substantial shares to solidify his passion You are aware whose interests the Ngunzes take care of, right? Hint, the other Ngunze is at CBA. I am fully aware of the same and I believe that his sponsor is incorruptible too COOP 255,000 ABP 15.85; KQ 544,100 ABP 7.15; MTN 23,800 ABP 5.20
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Rank: Elder Joined: 9/20/2015 Posts: 2,811 Location: Mombasa
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obiero wrote:sparkly wrote:obiero wrote:maka wrote:obiero wrote:ArrestedDev wrote:muandiwambeu wrote:maka wrote:obiero wrote:maka wrote:obiero wrote:I have officially stopped the purchase of further KQ shares and now await the ride of a lifetime. The stars are lined up, perfectly.. Thank me later Will only buy after the results which are bad...and thereafter Ngunze's resignation. It is unlikely that Ngunze will resign.. He has a name to hold and the turnaround thus far is directly linked to his wisdom.. He has managed the company par excellence as CEO He is going home...wait and see. I have also heard, and even after the 11 days I will wait. Even a mad man knows this guy is among the executives who slept on the job. He is just being protected by the cartels. I am not a mad man and I have said it here before that Ngunze is a victim of circumstances. He joined KQ in 2011, became CEO in Dec 2014. Should he be blamed for issues that have dogged the firm for years past. I don't think so.... Mr. Mbuvi Ngunze is CEO, Executive Director & Group Managing Director at Kenya Airways Ltd. and Secretary at East African Cement Producers Association. He is on the Board of Directors at Kenya Airways Ltd., Jambo Jet Ltd., and Lewa Wildlife Conservancy. Mr. Ngunze was previously employed as Group Vice President-Internal Communications by Lafarge SA, a Managing Director by Hima Cement Ltd., Finance Director by Bamburi Cement Co. Ltd., and Audit Manager by Pricewaterhousecoopers. He also served on the board at Mbeya Cement Co. Ltd. He received his undergraduate degree from the University of Nairobi. He was at all meetings in regards to project mawingu...the mother being one where TN used curse words infront of all managers accusing them of delaying implementation of the strategy...He can have that rosy CV but its time for him to go...even Ciano was well decorated. Ciano had corruption embedded in his DNA. Similar to Naikuni.. Ngunze on the other hand is clean. Being part of a sinking ship does not mean you did not play your role right.. If assigned to check the sail or engine and I do my part.. Why should I suffer from a coxswain error who decided to go rudderless. Further from human psychology, it is not thinkable that he would hold on upto now, if indeed he was guilty of misdemeanours.. Not with the audit and Senate probe ongoing.. Indeed he could eventually be forced to leave by the mobb but I believe he means well for KQ regardless of whether or not he owns shares in the airline.. Though I would prefer that the CEO hold substantial shares to solidify his passion You are aware whose interests the Ngunzes take care of, right? Hint, the other Ngunze is at CBA. I am fully aware of the same and I believe that his sponsor is incorruptible too @obiero food for thought. Prof. Abletor Sedofia from University of Ghana has this to say to us: *"Academic excellence is overrated! I said it. Being top of your class does not necessarily guarantee that you will be at the top of life. You could graduate as the best student in Finance but* *it doesn't mean you will make more money than everybody else. The best graduating Law student does not necessarily become the best lawyer. The fact is life requires more than the ability to understand a concept,* *memorise it and reproduce it in an exam. School rewards people for their memory. Life rewards people for their imagination.* *School rewards caution, life rewards daring. School hails those who live by the rules. Life exalts those who break the rules and set new ones. So do I mean people shouldn't study hard in school? Oh, no, you should.* *But don't sacrifice every other thing on the altar of First Class.* *Don't limit yourself to the classroom. Do something practical. Take a leadership position. Start a business and fail.* *That's a better Entrepreneurship 101.Join or start a club. Contest an election and lose. It will teach you something Political Science 101 will not teach you.* *Attend a seminar. Read books outside the scope of your course.* *Go on* *missions and win a soul for eternal rewards... Do something you believe in! Think less of* *becoming an excellent student but think more of becoming an excellent person. Make the world your classroom."* 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: 13,711 Location: nairobi
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@spikes that is deep COOP 255,000 ABP 15.85; KQ 544,100 ABP 7.15; MTN 23,800 ABP 5.20
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Rank: Member Joined: 5/29/2016 Posts: 898 Location: Nairobi
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obiero wrote:@spikes that is deep Yeah, just reflect on it. Sometimes qualifications does not translate to anything. It does not have to confuse you all the time. The HBS short course that he did was even merged long ago with another program and look at who the program target (mid-career executive). See the below link. Quote:In 2005, TGMP merged with a closely related program offered by HBS—the Program for Management Development (PMD). The resulting program—the General Management Program (GMP)—launched in September 2006. This program, designed for executives transitioning from functional to general management, provides an ideal leadership development experience for the mid-career executive. http://www.exed.hbs.edu/...ived/Pages/default.aspx
Ngunze remains a manager who is steeped in outdated style of management and nothing more. On your claim that his sponsor is incorruptible - you are very wrong.
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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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ArrestedDev wrote:obiero wrote:@spikes that is deep Yeah, just reflect on it. Sometimes qualifications does not translate to anything. It does not have to confuse you all the time. The HBS short course that he did was even merged long ago with another program and look at who the program target (mid-career executive). See the below link. Quote:In 2005, TGMP merged with a closely related program offered by HBS—the Program for Management Development (PMD). The resulting program—the General Management Program (GMP)—launched in September 2006. This program, designed for executives transitioning from functional to general management, provides an ideal leadership development experience for the mid-career executive. http://www.exed.hbs.edu/...ived/Pages/default.aspx
Ngunze remains a manager who is steeped in outdated style of management and nothing more. On your claim that his sponsor is incorruptible - you are very wrong. Even TN had/has those Harvard short courses...This guys should have just promoted Yves but siasa ya Kenya smh. possunt quia posse videntur
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Rank: New-farer Joined: 4/11/2016 Posts: 30 Location: Nairobi
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obiero wrote:10+ reasons to believe in operation pride atKQ: 1. End of hedging policy 2. Cut off on HOTAC and other operational expenses 3. Rightsizing of the workforce 4. Fuel efficient planes 5. Route optimization 6. Category 1 status at main hub 7. GoK guaranteed debt at reduced pay out 8. Sale of non critical assets 9. Global reduction in fuel costs 10. Revival in KE tourism 11. Budget carrier for booming middle-class 12. Cleaned-up board and management 13. Debt tenor restructure by main bankers 14. Financial revamp by transaction advisers Some positives for sure but your list has a serious flaw. Apart from number 5 nothing else touches on the most important aspect of the business THE PRODUCT. KQ has a terrible product at the moment. Buying a KQ ticket as per the current statistics means either of the following:- 1. There is a 30% probability your bag will be left behind if it is an embraer. 2. 50% probability your flight will be delayed. 3. 10% probabilty your flight will be rescheduled past 6 hours later. 4. 5% probabilty it will be cancelled. The incoming COO is very decorated on paper and if his stint at Cobalt is anything to go by,he will probably be the "Kq messiah" but only time will tell. Until then the financial moves will only stabilise the company but wont change the prevailing situation.
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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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nzalela wrote:obiero wrote:10+ reasons to believe in operation pride atKQ: 1. End of hedging policy 2. Cut off on HOTAC and other operational expenses 3. Rightsizing of the workforce 4. Fuel efficient planes 5. Route optimization 6. Category 1 status at main hub 7. GoK guaranteed debt at reduced pay out 8. Sale of non critical assets 9. Global reduction in fuel costs 10. Revival in KE tourism 11. Budget carrier for booming middle-class 12. Cleaned-up board and management 13. Debt tenor restructure by main bankers 14. Financial revamp by transaction advisers Some positives for sure but your list has a serious flaw. Apart from number 5 nothing else touches on the most important aspect of the business THE PRODUCT. KQ has a terrible product at the moment. Buying a KQ ticket as per the current statistics means either of the following:- 1. There is a 30% probability your bag will be left behind if it is an embraer. 2. 50% probability your flight will be delayed. 3. 10% probabilty your flight will be rescheduled past 6 hours later. 4. 5% probabilty it will be cancelled. The incoming COO is very decorated on paper and if his stint at Cobalt is anything to go by,he will probably be the "Kq messiah" but only time will tell. Until then the financial moves will only stabilise the company but wont change the prevailing situation. Spot on and on the bags its not on the Embraers only even on the dreamliners...they spend quite a bit on delivering bags...but at least now they charge other carriers for such issues. possunt quia posse videntur
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Rank: User Joined: 8/15/2013 Posts: 13,237 Location: Vacuum
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nzalela wrote:obiero wrote:10+ reasons to believe in operation pride atKQ: 1. End of hedging policy 2. Cut off on HOTAC and other operational expenses 3. Rightsizing of the workforce 4. Fuel efficient planes 5. Route optimization 6. Category 1 status at main hub 7. GoK guaranteed debt at reduced pay out 8. Sale of non critical assets 9. Global reduction in fuel costs 10. Revival in KE tourism 11. Budget carrier for booming middle-class 12. Cleaned-up board and management 13. Debt tenor restructure by main bankers 14. Financial revamp by transaction advisers Some positives for sure but your list has a serious flaw. Apart from number 5 nothing else touches on the most important aspect of the business THE PRODUCT. KQ has a terrible product at the moment. Buying a KQ ticket as per the current statistics means either of the following:- 1. There is a 30% probability your bag will be left behind if it is an embraer. 2. 50% probability your flight will be delayed. 3. 10% probabilty your flight will be rescheduled past 6 hours later. 4. 5% probabilty it will be cancelled. The incoming COO is very decorated on paper and if his stint at Cobalt is anything to go by,he will probably be the "Kq messiah" but only time will tell. Until then the financial moves will only stabilise the company but wont change the prevailing situation. So only 5 % chance you will enjoy your flight? If Obiero did it, Who Am I?
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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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Swenani wrote:nzalela wrote:obiero wrote:10+ reasons to believe in operation pride atKQ: 1. End of hedging policy 2. Cut off on HOTAC and other operational expenses 3. Rightsizing of the workforce 4. Fuel efficient planes 5. Route optimization 6. Category 1 status at main hub 7. GoK guaranteed debt at reduced pay out 8. Sale of non critical assets 9. Global reduction in fuel costs 10. Revival in KE tourism 11. Budget carrier for booming middle-class 12. Cleaned-up board and management 13. Debt tenor restructure by main bankers 14. Financial revamp by transaction advisers Some positives for sure but your list has a serious flaw. Apart from number 5 nothing else touches on the most important aspect of the business THE PRODUCT. KQ has a terrible product at the moment. Buying a KQ ticket as per the current statistics means either of the following:- 1. There is a 30% probability your bag will be left behind if it is an embraer. 2. 50% probability your flight will be delayed. 3. 10% probabilty your flight will be rescheduled past 6 hours later. 4. 5% probabilty it will be cancelled. The incoming COO is very decorated on paper and if his stint at Cobalt is anything to go by,he will probably be the "Kq messiah" but only time will tell. Until then the financial moves will only stabilise the company but wont change the prevailing situation. So only 5 % chance you will enjoy your flight? Now its much better...in terms of cancellation etc atleast the pilots are settled...job security...OCC is also on point. possunt quia posse videntur
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Rank: Chief Joined: 1/3/2007 Posts: 18,190 Location: Nairobi
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How can you-know-who know the pain of flying KQ when he (probably) receives free upgrades... 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:ArrestedDev wrote:obiero wrote:@spikes that is deep Yeah, just reflect on it. Sometimes qualifications does not translate to anything. It does not have to confuse you all the time. The HBS short course that he did was even merged long ago with another program and look at who the program target (mid-career executive). See the below link. Quote:In 2005, TGMP merged with a closely related program offered by HBS—the Program for Management Development (PMD). The resulting program—the General Management Program (GMP)—launched in September 2006. This program, designed for executives transitioning from functional to general management, provides an ideal leadership development experience for the mid-career executive. http://www.exed.hbs.edu/...ived/Pages/default.aspx
Ngunze remains a manager who is steeped in outdated style of management and nothing more. On your claim that his sponsor is incorruptible - you are very wrong. Even TN had/has those Harvard short courses...This guys should have just promoted Yves but siasa ya Kenya smh. The same applies to Alex Mbugua.
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Rank: Member Joined: 5/29/2016 Posts: 898 Location: Nairobi
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maka wrote:nzalela wrote:obiero wrote:10+ reasons to believe in operation pride atKQ: 1. End of hedging policy 2. Cut off on HOTAC and other operational expenses 3. Rightsizing of the workforce 4. Fuel efficient planes 5. Route optimization 6. Category 1 status at main hub 7. GoK guaranteed debt at reduced pay out 8. Sale of non critical assets 9. Global reduction in fuel costs 10. Revival in KE tourism 11. Budget carrier for booming middle-class 12. Cleaned-up board and management 13. Debt tenor restructure by main bankers 14. Financial revamp by transaction advisers Some positives for sure but your list has a serious flaw. Apart from number 5 nothing else touches on the most important aspect of the business THE PRODUCT. KQ has a terrible product at the moment. Buying a KQ ticket as per the current statistics means either of the following:- 1. There is a 30% probability your bag will be left behind if it is an embraer. 2. 50% probability your flight will be delayed. 3. 10% probabilty your flight will be rescheduled past 6 hours later. 4. 5% probabilty it will be cancelled. The incoming COO is very decorated on paper and if his stint at Cobalt is anything to go by,he will probably be the "Kq messiah" but only time will tell. Until then the financial moves will only stabilise the company but wont change the prevailing situation. Spot on and on the bags its not on the Embraers only even on the dreamliners...they spend quite a bit on delivering bags...but at least now they charge other carriers for such issues. Yeah, it is evident from the complaints registered via twitter and facebook. Part of the problem can be attributed to other sky team carriers but the main issue is to do with KQ's capacity. Dreamliners are now the main stay fleet for moving cargo and less cargo belly is dedicated to pax baggage. The story with E190 is worse, not much space for Cargo and even pax baggage cannot fit if it is a full flight and hence the baggage left behind.
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Rank: Elder Joined: 6/23/2009 Posts: 13,711 Location: nairobi
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10 days to go COOP 255,000 ABP 15.85; KQ 544,100 ABP 7.15; MTN 23,800 ABP 5.20
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Rank: Elder Joined: 7/21/2010 Posts: 6,191 Location: nairobi
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obiero wrote:10 days to go to announce reduced loss "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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mlennyma wrote:obiero wrote:10 days to go to announce reduced loss Yes possunt quia posse videntur
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Rank: Elder Joined: 9/20/2015 Posts: 2,811 Location: Mombasa
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maka wrote:mlennyma wrote:obiero wrote:10 days to go to announce reduced loss Yes Is the reduction in loss sustainable? John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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Rank: Elder Joined: 7/21/2010 Posts: 6,191 Location: nairobi
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Spikes wrote:maka wrote:mlennyma wrote:obiero wrote:10 days to go to announce reduced loss Yes Is the reduction in loss sustainable ? not a question of sustainability , kq will be profitable the dispute is only the recovery duration ,the government has shown clearly it can't let go kq "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Elder Joined: 3/2/2009 Posts: 26,330 Location: Masada
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Spikes wrote:maka wrote:mlennyma wrote:obiero wrote:10 days to go to announce reduced loss Yes Is the reduction in loss sustainable? NO! This should be countered immediately with increase in revenue streams, othewise even 2 bob will be too expensive to buy...most of these reduction in loss is by way of asset sale and asset lease out (bro @Obiero and sister @maka can confirm)...and the lease term are very short, like 3 years on average...so in 2019 most of the assest leased out will be dumped on their doors. Portfolio: Sold You know you've made it when you get a parking space for your yatcht.
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