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Kenya Airways...why ignore..
Rank: Elder Joined: 6/23/2009 Posts: 13,711 Location: nairobi
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@arresteddev I empathise with what is happening at your firm and I understand that its not easy to handle some of the decisions being made. However, I beg to ask just three questions. 1. Was the decision to launch Capetown recently a good one 2. Would operating the Boeing 777 in its current form be cheaper than running the 787 3. Will stopping of the hedging policy impact the H1 results for 2016-2017 in any way
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:@arresteddev I empathise with what is happening at your firm and I understand that its not easy to handle some of the decisions being made. However, I beg to ask just three questions. 1. Was the decision to launch Capetown recently a good one 2. Would operating the Boeing 777 in its current form be cheaper than running the 787 3. Will stopping of the hedging policy impact the H1 results for 2016-2017 in any way Stop the sideshows and look at the pertinent issues raised by KALPA and all the analysts who have expressed their sentiments on the management performance of KQ. CPT was long overdue and it only materialized when Yves became the COO, Ngunze was in that position and never saw the opportunity. There is serious lack of cargo capacity in KQ now, Dick Murianki while releasing the results on the 21st observed that bigger Cargo bags cannot be shipped by KQ anymore due to the cargo space constraints arising from the operation of lower capacity planes including the B787. The B777 aircrafts can fit into the operations of KQ in the near future instead of disposing at below market prices as opined by KALPA. It is evident that no one in KQ is knowledgeable enough to manage fuel price volatility through hedging. It is only prudent that KQ stop entering into any further hedging contracts taking into consideration the magnitude of the hedging losses so far recorded. Ngunze reported that they have entered into further hedging contracts during the release of the results.
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Rank: Elder Joined: 6/23/2009 Posts: 13,711 Location: nairobi
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ArrestedDev wrote:obiero wrote:@arresteddev I empathise with what is happening at your firm and I understand that its not easy to handle some of the decisions being made. However, I beg to ask just three questions. 1. Was the decision to launch Capetown recently a good one 2. Would operating the Boeing 777 in its current form be cheaper than running the 787 3. Will stopping of the hedging policy impact the H1 results for 2016-2017 in any way Stop the sideshows and look at the pertinent issues raised by KALPA and all the analysts who have expressed their sentiments on the management performance of KQ. CPT was long overdue and it only materialized when Yves became the COO, Ngunze was in that position and never saw the opportunity. There is serious lack of cargo capacity in KQ now, Dick Murianki while releasing the results on the 21st observed that bigger Cargo bags cannot be shipped by KQ anymore due to the cargo space constraints arising from the operation of lower capacity planes including the B787. The B777 aircrafts can fit into the operations of KQ in the near future instead of disposing at below market prices as opined by KALPA. It is evident that no one in KQ is knowledgeable enough to manage fuel price volatility through hedging. It is only prudent that KQ stop entering into any further hedging contracts taking into consideration the magnitude of the hedging losses so far recorded. Ngunze reported that they have entered into further hedging contracts during the release of the results. Aki hapo line ya mwisho umedanganya peupe!!! There are no new hedges. Weka link bro
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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ArrestedDev wrote:obiero wrote:@arresteddev I empathise with what is happening at your firm and I understand that its not easy to handle some of the decisions being made. However, I beg to ask just three questions. 1. Was the decision to launch Capetown recently a good one 2. Would operating the Boeing 777 in its current form be cheaper than running the 787 3. Will stopping of the hedging policy impact the H1 results for 2016-2017 in any way Stop the sideshows and look at the pertinent issues raised by KALPA and all the analysts who have expressed their sentiments on the management performance of KQ. CPT was long overdue and it only materialized when Yves became the COO, Ngunze was in that position and never saw the opportunity. There is serious lack of cargo capacity in KQ now, Dick Murianki while releasing the results on the 21st observed that bigger Cargo bags cannot be shipped by KQ anymore due to the cargo space constraints arising from the operation of lower capacity planes including the B787. The B777 aircrafts can fit into the operations of KQ in the near future instead of disposing at below market prices as opined by KALPA. It is evident that no one in KQ is knowledgeable enough to manage fuel price volatility through hedging. It is only prudent that KQ stop entering into any further hedging contracts taking into consideration the magnitude of the hedging losses so far recorded. Ngunze reported that they have entered into further hedging contracts during the release of the results. New hedges???? @Obiero hata kama umelipwa kudanganya eti KQ will surprise many wewe kwisha!!! 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 wrote:ArrestedDev wrote:obiero wrote:@arresteddev I empathise with what is happening at your firm and I understand that its not easy to handle some of the decisions being made. However, I beg to ask just three questions. 1. Was the decision to launch Capetown recently a good one 2. Would operating the Boeing 777 in its current form be cheaper than running the 787 3. Will stopping of the hedging policy impact the H1 results for 2016-2017 in any way Stop the sideshows and look at the pertinent issues raised by KALPA and all the analysts who have expressed their sentiments on the management performance of KQ. CPT was long overdue and it only materialized when Yves became the COO, Ngunze was in that position and never saw the opportunity. There is serious lack of cargo capacity in KQ now, Dick Murianki while releasing the results on the 21st observed that bigger Cargo bags cannot be shipped by KQ anymore due to the cargo space constraints arising from the operation of lower capacity planes including the B787. The B777 aircrafts can fit into the operations of KQ in the near future instead of disposing at below market prices as opined by KALPA. It is evident that no one in KQ is knowledgeable enough to manage fuel price volatility through hedging. It is only prudent that KQ stop entering into any further hedging contracts taking into consideration the magnitude of the hedging losses so far recorded. Ngunze reported that they have entered into further hedging contracts during the release of the results. New hedges???? @Obiero hata kama umelipwa kudanganya eti KQ will surprise many wewe kwisha!!! At the exchange bar nikikata.. Just been informed son to former Tigania East MP Arnold Karauri is none other than Ronald Karauri a former Kenya Airways pilot and past chairman at KALPA, who holds 6% of Sportpesa with an estimated 'personal fortune' of KES 450M.. It's the cartels at KALPA that are feeding the frenzy on Ngunze
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 wrote:ArrestedDev wrote:obiero wrote:@arresteddev I empathise with what is happening at your firm and I understand that its not easy to handle some of the decisions being made. However, I beg to ask just three questions. 1. Was the decision to launch Capetown recently a good one 2. Would operating the Boeing 777 in its current form be cheaper than running the 787 3. Will stopping of the hedging policy impact the H1 results for 2016-2017 in any way Stop the sideshows and look at the pertinent issues raised by KALPA and all the analysts who have expressed their sentiments on the management performance of KQ. CPT was long overdue and it only materialized when Yves became the COO, Ngunze was in that position and never saw the opportunity. There is serious lack of cargo capacity in KQ now, Dick Murianki while releasing the results on the 21st observed that bigger Cargo bags cannot be shipped by KQ anymore due to the cargo space constraints arising from the operation of lower capacity planes including the B787. The B777 aircrafts can fit into the operations of KQ in the near future instead of disposing at below market prices as opined by KALPA. It is evident that no one in KQ is knowledgeable enough to manage fuel price volatility through hedging. It is only prudent that KQ stop entering into any further hedging contracts taking into consideration the magnitude of the hedging losses so far recorded. Ngunze reported that they have entered into further hedging contracts during the release of the results. New hedges???? @Obiero hata kama umelipwa kudanganya eti KQ will surprise many wewe kwisha!!! At the exchange bar nikikata.. Just been informed son to former Tigania East MP Arnold Karauri is none other than Ronald Karauri a former Kenya Airways pilot and past chairman at KALPA, who holds 6% of Sportpesa with an estimated 'personal fortune' of KES 450M.. It's the cartels at KALPA that are feeding the frenzy on Ngunze Why do you bring in Ronald Karauri into this? He is neither the Secretary General of KALPA nor a pilot with KQ anymore. Leave the brilliant chap to make his money. His stake in Sportpesa should not pain you - where do you think this guy took his million plus salary every month. KQ have entered into new hedges. The below article spells out clearly what Ngunze said at the Pride centre. Even if the earlier expensive hedges ends by March 2017, the new hedges entered into will result in further hedging losses.The sugar coating that you always see in his language is just hogwash. What flexibility is there in a contract that has just been entered? They should not have entered into further hedging contracts. Ngunze is indefensible and should leave. Quote:This has been largely due to the flexibility of the new hedging plans we have entered into that have also seen their timelines reduced to between 12 and 24 months,” Mr Ngunze said, adding that the airline is expecting its expensive hedging contracts to end by March next year, allowing it to fully utilise the benefits of the low oil prices.
This article was posted here. http://www.theeastafrica...tem-1-yuqnnn/index.html
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Rank: Elder Joined: 6/23/2009 Posts: 13,711 Location: nairobi
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ArrestedDev wrote:obiero wrote:Spikes wrote:ArrestedDev wrote:obiero wrote:@arresteddev I empathise with what is happening at your firm and I understand that its not easy to handle some of the decisions being made. However, I beg to ask just three questions. 1. Was the decision to launch Capetown recently a good one 2. Would operating the Boeing 777 in its current form be cheaper than running the 787 3. Will stopping of the hedging policy impact the H1 results for 2016-2017 in any way Stop the sideshows and look at the pertinent issues raised by KALPA and all the analysts who have expressed their sentiments on the management performance of KQ. CPT was long overdue and it only materialized when Yves became the COO, Ngunze was in that position and never saw the opportunity. There is serious lack of cargo capacity in KQ now, Dick Murianki while releasing the results on the 21st observed that bigger Cargo bags cannot be shipped by KQ anymore due to the cargo space constraints arising from the operation of lower capacity planes including the B787. The B777 aircrafts can fit into the operations of KQ in the near future instead of disposing at below market prices as opined by KALPA. It is evident that no one in KQ is knowledgeable enough to manage fuel price volatility through hedging. It is only prudent that KQ stop entering into any further hedging contracts taking into consideration the magnitude of the hedging losses so far recorded. Ngunze reported that they have entered into further hedging contracts during the release of the results. New hedges???? @Obiero hata kama umelipwa kudanganya eti KQ will surprise many wewe kwisha!!! At the exchange bar nikikata.. Just been informed son to former Tigania East MP Arnold Karauri is none other than Ronald Karauri a former Kenya Airways pilot and past chairman at KALPA, who holds 6% of Sportpesa with an estimated 'personal fortune' of KES 450M.. It's the cartels at KALPA that are feeding the frenzy on Ngunze Why do you bring in Ronald Karauri into this? He is neither the Secretary General of KALPA nor a pilot with KQ anymore. Leave the brilliant chap to make his money. His stake in Sportpesa should not pain you - where do you think this guy took his million plus salary every month. KQ have entered into new hedges. The below article spells out clearly what Ngunze said at the Pride centre. Even if the earlier expensive hedges ends by March 2017, the new hedges entered into will result in further hedging losses.The sugar coating that you always see in his language is just hogwash. What flexibility is there in a contract that has just been entered? They should not have entered into further hedging contracts. Ngunze is indefensible and should leave. Quote:This has been largely due to the flexibility of the new hedging plans we have entered into that have also seen their timelines reduced to between 12 and 24 months,” Mr Ngunze said, adding that the airline is expecting its expensive hedging contracts to end by March next year, allowing it to fully utilise the benefits of the low oil prices.
This article was posted here. http://www.theeastafrica...tem-1-yuqnnn/index.html
There are no new hedges. What was mentioned in that excerpt is that they have renogiated the previous tenors and brought them down to shorter spans, which is an excellent thing
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:ArrestedDev wrote:obiero wrote:Spikes wrote:ArrestedDev wrote:obiero wrote:@arresteddev I empathise with what is happening at your firm and I understand that its not easy to handle some of the decisions being made. However, I beg to ask just three questions. 1. Was the decision to launch Capetown recently a good one 2. Would operating the Boeing 777 in its current form be cheaper than running the 787 3. Will stopping of the hedging policy impact the H1 results for 2016-2017 in any way Stop the sideshows and look at the pertinent issues raised by KALPA and all the analysts who have expressed their sentiments on the management performance of KQ. CPT was long overdue and it only materialized when Yves became the COO, Ngunze was in that position and never saw the opportunity. There is serious lack of cargo capacity in KQ now, Dick Murianki while releasing the results on the 21st observed that bigger Cargo bags cannot be shipped by KQ anymore due to the cargo space constraints arising from the operation of lower capacity planes including the B787. The B777 aircrafts can fit into the operations of KQ in the near future instead of disposing at below market prices as opined by KALPA. It is evident that no one in KQ is knowledgeable enough to manage fuel price volatility through hedging. It is only prudent that KQ stop entering into any further hedging contracts taking into consideration the magnitude of the hedging losses so far recorded. Ngunze reported that they have entered into further hedging contracts during the release of the results. New hedges???? @Obiero hata kama umelipwa kudanganya eti KQ will surprise many wewe kwisha!!! At the exchange bar nikikata.. Just been informed son to former Tigania East MP Arnold Karauri is none other than Ronald Karauri a former Kenya Airways pilot and past chairman at KALPA, who holds 6% of Sportpesa with an estimated 'personal fortune' of KES 450M.. It's the cartels at KALPA that are feeding the frenzy on Ngunze Why do you bring in Ronald Karauri into this? He is neither the Secretary General of KALPA nor a pilot with KQ anymore. Leave the brilliant chap to make his money. His stake in Sportpesa should not pain you - where do you think this guy took his million plus salary every month. KQ have entered into new hedges. The below article spells out clearly what Ngunze said at the Pride centre. Even if the earlier expensive hedges ends by March 2017, the new hedges entered into will result in further hedging losses.The sugar coating that you always see in his language is just hogwash. What flexibility is there in a contract that has just been entered? They should not have entered into further hedging contracts. Ngunze is indefensible and should leave. Quote:This has been largely due to the flexibility of the new hedging plans we have entered into that have also seen their timelines reduced to between 12 and 24 months,” Mr Ngunze said, adding that the airline is expecting its expensive hedging contracts to end by March next year, allowing it to fully utilise the benefits of the low oil prices.
This article was posted here. http://www.theeastafrica...tem-1-yuqnnn/index.html
There are no new hedges. What was mentioned in that excerpt is that they have renogiated the previous tenors and brought them down to shorter spans, which is an excellent thing No!!! Tell that to the birds. Read the excerpt very well. KQ has since entered into new hedging plans with timelines of between 12 and 24 months. None of the old hedges have been renegotiated since the rules does not allow and they are still in effect up to March 2017.
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Rank: Elder Joined: 9/20/2015 Posts: 2,811 Location: Mombasa
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ArrestedDev wrote:obiero wrote:ArrestedDev wrote:obiero wrote:Spikes wrote:ArrestedDev wrote:obiero wrote:@arresteddev I empathise with what is happening at your firm and I understand that its not easy to handle some of the decisions being made. However, I beg to ask just three questions. 1. Was the decision to launch Capetown recently a good one 2. Would operating the Boeing 777 in its current form be cheaper than running the 787 3. Will stopping of the hedging policy impact the H1 results for 2016-2017 in any way Stop the sideshows and look at the pertinent issues raised by KALPA and all the analysts who have expressed their sentiments on the management performance of KQ. CPT was long overdue and it only materialized when Yves became the COO, Ngunze was in that position and never saw the opportunity. There is serious lack of cargo capacity in KQ now, Dick Murianki while releasing the results on the 21st observed that bigger Cargo bags cannot be shipped by KQ anymore due to the cargo space constraints arising from the operation of lower capacity planes including the B787. The B777 aircrafts can fit into the operations of KQ in the near future instead of disposing at below market prices as opined by KALPA. It is evident that no one in KQ is knowledgeable enough to manage fuel price volatility through hedging. It is only prudent that KQ stop entering into any further hedging contracts taking into consideration the magnitude of the hedging losses so far recorded. Ngunze reported that they have entered into further hedging contracts during the release of the results. New hedges???? @Obiero hata kama umelipwa kudanganya eti KQ will surprise many wewe kwisha!!! At the exchange bar nikikata.. Just been informed son to former Tigania East MP Arnold Karauri is none other than Ronald Karauri a former Kenya Airways pilot and past chairman at KALPA, who holds 6% of Sportpesa with an estimated 'personal fortune' of KES 450M.. It's the cartels at KALPA that are feeding the frenzy on Ngunze Why do you bring in Ronald Karauri into this? He is neither the Secretary General of KALPA nor a pilot with KQ anymore. Leave the brilliant chap to make his money. His stake in Sportpesa should not pain you - where do you think this guy took his million plus salary every month. KQ have entered into new hedges. The below article spells out clearly what Ngunze said at the Pride centre. Even if the earlier expensive hedges ends by March 2017, the new hedges entered into will result in further hedging losses.The sugar coating that you always see in his language is just hogwash. What flexibility is there in a contract that has just been entered? They should not have entered into further hedging contracts. Ngunze is indefensible and should leave. Quote:This has been largely due to the flexibility of the new hedging plans we have entered into that have also seen their timelines reduced to between 12 and 24 months,” Mr Ngunze said, adding that the airline is expecting its expensive hedging contracts to end by March next year, allowing it to fully utilise the benefits of the low oil prices.
This article was posted here. http://www.theeastafrica...tem-1-yuqnnn/index.html
There are no new hedges. What was mentioned in that excerpt is that they have renogiated the previous tenors and brought them down to shorter spans, which is an excellent thing No!!! Tell that to the birds. Read the excerpt very well. KQ has since entered into new hedging plans with timelines of between 12 and 24 months. None of the old hedges have been renegotiated since the rules does not allow and they are still in effect up to March 2017. Just like @obiero, these KQ clowns have eaten kickbacks again! John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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Rank: Member Joined: 5/29/2016 Posts: 898 Location: Nairobi
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Spikes wrote:ArrestedDev wrote:obiero wrote:ArrestedDev wrote:obiero wrote:Spikes wrote:ArrestedDev wrote:obiero wrote:@arresteddev I empathise with what is happening at your firm and I understand that its not easy to handle some of the decisions being made. However, I beg to ask just three questions. 1. Was the decision to launch Capetown recently a good one 2. Would operating the Boeing 777 in its current form be cheaper than running the 787 3. Will stopping of the hedging policy impact the H1 results for 2016-2017 in any way Stop the sideshows and look at the pertinent issues raised by KALPA and all the analysts who have expressed their sentiments on the management performance of KQ. CPT was long overdue and it only materialized when Yves became the COO, Ngunze was in that position and never saw the opportunity. There is serious lack of cargo capacity in KQ now, Dick Murianki while releasing the results on the 21st observed that bigger Cargo bags cannot be shipped by KQ anymore due to the cargo space constraints arising from the operation of lower capacity planes including the B787. The B777 aircrafts can fit into the operations of KQ in the near future instead of disposing at below market prices as opined by KALPA. It is evident that no one in KQ is knowledgeable enough to manage fuel price volatility through hedging. It is only prudent that KQ stop entering into any further hedging contracts taking into consideration the magnitude of the hedging losses so far recorded. Ngunze reported that they have entered into further hedging contracts during the release of the results. New hedges???? @Obiero hata kama umelipwa kudanganya eti KQ will surprise many wewe kwisha!!! At the exchange bar nikikata.. Just been informed son to former Tigania East MP Arnold Karauri is none other than Ronald Karauri a former Kenya Airways pilot and past chairman at KALPA, who holds 6% of Sportpesa with an estimated 'personal fortune' of KES 450M.. It's the cartels at KALPA that are feeding the frenzy on Ngunze Why do you bring in Ronald Karauri into this? He is neither the Secretary General of KALPA nor a pilot with KQ anymore. Leave the brilliant chap to make his money. His stake in Sportpesa should not pain you - where do you think this guy took his million plus salary every month. KQ have entered into new hedges. The below article spells out clearly what Ngunze said at the Pride centre. Even if the earlier expensive hedges ends by March 2017, the new hedges entered into will result in further hedging losses.The sugar coating that you always see in his language is just hogwash. What flexibility is there in a contract that has just been entered? They should not have entered into further hedging contracts. Ngunze is indefensible and should leave. Quote:This has been largely due to the flexibility of the new hedging plans we have entered into that have also seen their timelines reduced to between 12 and 24 months,” Mr Ngunze said, adding that the airline is expecting its expensive hedging contracts to end by March next year, allowing it to fully utilise the benefits of the low oil prices.
This article was posted here. http://www.theeastafrica...tem-1-yuqnnn/index.html
There are no new hedges. What was mentioned in that excerpt is that they have renogiated the previous tenors and brought them down to shorter spans, which is an excellent thing No!!! Tell that to the birds. Read the excerpt very well. KQ has since entered into new hedging plans with timelines of between 12 and 24 months. None of the old hedges have been renegotiated since the rules does not allow and they are still in effect up to March 2017. Just like @obiero, these KQ clowns have eaten kickbacks again! Yeah, corruption is going on. This is the reason why Ngunze does not want to resign at all yet he is a very clueless individual. The swift right of reply from the board chair? They do not care about the future of the airline but they are concern about their own welfare. How will KQ compete going forward without a clear strategic plan? The pilots union is right. The forensic audit will be an exercise in futility if Ngunze is in the office. Even the politicians know, how can a guy who let the planning slip out his hand steer the airline back to profitability? Watch the below...
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Rank: Member Joined: 8/27/2015 Posts: 138 Location: Harare
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KQ should be sold to the highest bidder, same with Mumias, Uchumi etc. When the GoK bails an inefficient business with taxes instead of creating a good business environment where these companies can thrive we can only wait for the cycle to repeat. The policy of GoK holding stakes in companies need to be revisited. The idea that these are of national importance doesn't hold. They can be sold through the stock exchange without changing the "national importance" narrative. The government should sell its stake in all matured companies including KQ, Uchumi, EAPPC, Safaricom etc and hold that money through a fund that invests in infrastructure like SGR, Konza, light railways in cities, waste management etc... Investment philosophy development in progress...
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Rank: Elder Joined: 6/23/2009 Posts: 13,711 Location: nairobi
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alotoftalk wrote:KQ should be sold to the highest bidder, same with Mumias, Uchumi etc. When the GoK bails an inefficient business with taxes instead of creating a good business environment where these companies can thrive we can only wait for the cycle to repeat.
The policy of GoK holding stakes in companies need to be revisited. The idea that these are of national importance doesn't hold. They can be sold through the stock exchange without changing the "national importance" narrative.
The government should sell its stake in all matured companies including KQ, Uchumi, EAPPC, Safaricom etc and hold that money through a fund that invests in infrastructure like SGR, Konza, light railways in cities, waste management etc... Wisdom shines in this chap @alotoftalk reminds me of @gatheuzi @stocksmaster @guru254 @minto @muganda @young.. the golden age of wazua
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: 6/23/2009 Posts: 13,711 Location: nairobi
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VituVingiSana wrote:Nope to 20/-... coz at that price I will pull all stops out to buy!
KQ has 6 billion+ in cash (14/- in cash)... So the rest is worth only 6/-? 10.06.2010
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:VituVingiSana wrote:Nope to 20/-... coz at that price I will pull all stops out to buy!
KQ has 6 billion+ in cash (14/- in cash)... So the rest is worth only 6/-? 10.06.2010 @obiero explain. Wanjiko wants to know what you mean from the archives. John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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Rank: Member Joined: 5/29/2016 Posts: 898 Location: Nairobi
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Food for thought. Quote:Curiously, people are buying the shares at Sh4 each on the Nairobi Securities Exchange. As for me; you would have to bribe me with Sh25 per unit for me to accept them! Anyone buying these shares is either a genius who knows something that the rest of us don’t, or a reckless person who doesn’t know what they are doing.
In 12 months from March 31, 2016, Kenya Airways expects to receive a total of Sh29.7 billion and to pay out Sh73.5 billion. Therefore, it needs to look for Sh43.6 billion just to survive up to March 31, next year. Looking a little deeper, we find that, if the company shuts down, it won’t even have enough cash to refund customers for tickets sold in advance! http://www.nation.co.ke/...23980-3t25t8z/index.html
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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[quote=ArrestedDev]Food for thought. Quote:Curiously, people are buying the shares at Sh4 each on the Nairobi Securities Exchange. As for me; you would have to bribe me with Sh25 per unit for me to accept them! Anyone buying these shares is either a genius who knows something that the rest of us don’t, or a reckless person who doesn’t know what they are doing.
In 12 months from March 31, 2016, Kenya Airways expects to receive a total of Sh29.7 billion and to pay out Sh73.5 billion. Therefore, it needs to look for Sh43.6 billion just to survive up to March 31, next year. Looking a little deeper, we find that, if the company shuts down, it won’t even have enough cash to refund customers for tickets sold in advance! http://www.nation.co.ke/...3980-3t25t8z/index.html[/quote] Bulls eye, but NSE is sleeping on its job and won't suspend KQ until its planes are seized by creditors. Life is short. Live passionately.
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Rank: Member Joined: 5/29/2016 Posts: 898 Location: Nairobi
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sparkly wrote:[quote=ArrestedDev]Food for thought. Quote:Curiously, people are buying the shares at Sh4 each on the Nairobi Securities Exchange. As for me; you would have to bribe me with Sh25 per unit for me to accept them! Anyone buying these shares is either a genius who knows something that the rest of us don’t, or a reckless person who doesn’t know what they are doing.
In 12 months from March 31, 2016, Kenya Airways expects to receive a total of Sh29.7 billion and to pay out Sh73.5 billion. Therefore, it needs to look for Sh43.6 billion just to survive up to March 31, next year. Looking a little deeper, we find that, if the company shuts down, it won’t even have enough cash to refund customers for tickets sold in advance! http://www.nation.co.ke/...3980-3t25t8z/index.html[/quote] Bulls eye, but NSE is sleeping on its job and won't suspend KQ until its planes are seized by creditors. Drastic steps need to be taken. Unfortunately, the ones in charge are clueless and they are buying hogwash from the CEO. The Company is totally insolvent. The operating profit to be reported in the half year results will still be wiped out by the hedging losses and finance costs. The only thing that will prop up the half year results are the proceeds from the sale of assets. I am very sure Ngunze deliberately dragged the receipt of the proceeds in order to shore up the half year results to fool us.
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Rank: Elder Joined: 9/20/2015 Posts: 2,811 Location: Mombasa
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ArrestedDev wrote:sparkly wrote:[quote=ArrestedDev]Food for thought. Quote:Curiously, people are buying the shares at Sh4 each on the Nairobi Securities Exchange. As for me; you would have to bribe me with Sh25 per unit for me to accept them! Anyone buying these shares is either a genius who knows something that the rest of us don’t, or a reckless person who doesn’t know what they are doing.
In 12 months from March 31, 2016, Kenya Airways expects to receive a total of Sh29.7 billion and to pay out Sh73.5 billion. Therefore, it needs to look for Sh43.6 billion just to survive up to March 31, next year. Looking a little deeper, we find that, if the company shuts down, it won’t even have enough cash to refund customers for tickets sold in advance! http://www.nation.co.ke/...3980-3t25t8z/index.html[/quote] Bulls eye, but NSE is sleeping on its job and won't suspend KQ until its planes are seized by creditors. Drastic steps need to be taken. Unfortunately, the ones in charge are clueless and they are buying hogwash from the CEO. The Company is totally insolvent. The operating profit to be reported in the half year results will still be wiped out by the hedging losses and finance costs. The only thing that will prop up the half year results are the proceeds from the sale of assets. I am very sure Ngunze deliberately dragged the receipt of the proceeds in order to shore up the half year results to fool us.  standing ovation! John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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Rank: Veteran Joined: 4/4/2016 Posts: 1,997 Location: Kitale
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[quote=ArrestedDev]Food for thought. Quote:Curiously, people are buying the shares at Sh4 each on the Nairobi Securities Exchange. As for me; you would have to bribe me with Sh25 per unit for me to accept them! Anyone buying these shares is either a genius who knows something that the rest of us don’t, or a reckless person who doesn’t know what they are doing.
In 12 months from March 31, 2016, Kenya Airways expects to receive a total of Sh29.7 billion and to pay out Sh73.5 billion. Therefore, it needs to look for Sh43.6 billion just to survive up to March 31, next year. Looking a little deeper, we find that, if the company shuts down, it won’t even have enough cash to refund customers for tickets sold in advance! http://www.nation.co.ke/...3980-3t25t8z/index.html[/quote This is not the pride of africa any longer.Its now the shame of africa. Towards the goal of financial freedom
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Rank: Elder Joined: 6/23/2009 Posts: 13,711 Location: nairobi
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Ebenyo wrote:[quote=ArrestedDev]Food for thought. Quote:Curiously, people are buying the shares at Sh4 each on the Nairobi Securities Exchange. As for me; you would have to bribe me with Sh25 per unit for me to accept them! Anyone buying these shares is either a genius who knows something that the rest of us don’t, or a reckless person who doesn’t know what they are doing.
In 12 months from March 31, 2016, Kenya Airways expects to receive a total of Sh29.7 billion and to pay out Sh73.5 billion. Therefore, it needs to look for Sh43.6 billion just to survive up to March 31, next year. Looking a little deeper, we find that, if the company shuts down, it won’t even have enough cash to refund customers for tickets sold in advance! http://www.nation.co.ke/...3980-3t25t8z/index.html[/quote This is not the pride of africa any longer.Its now the shame of africa. I will keep quiet for now.. Media on a paid trip to kill KQ turnaround efforts
COOP 255,000 ABP 15.85; KQ 544,100 ABP 7.15; MTN 23,800 ABP 5.20
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