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Kenya Airways...why ignore..
ArrestedDev
#5161 Posted : Sunday, July 31, 2016 8:25:42 PM
Rank: Member


Joined: 5/29/2016
Posts: 898
Location: Nairobi
obiero wrote:
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


This is not about the media spoiling it for KQ. Alex had entered into hedging contracts for 5 years in 2012. Surely, what was this guy thinking about? They have done it again for 2 years. Remember, the longer the period, the heftier the kickbacks. Now you know why they have done it again for 2 years. Do these KQ executives learn? KQ is insolvent at the moment. The balance sheet is full of loans. The guy who wrote the above article knows how to crunch the numbers and he got tickled by KQ. Do you see the reason why Ngunze should let someone else with fresh/ new thinking to take over? He is almost five years at KQ,Is there anything he can do differently now that he didn't over all those years?????
sparkly
#5162 Posted : Sunday, July 31, 2016 9:17:35 PM
Rank: Elder


Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
ArrestedDev wrote:
obiero wrote:
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


This is not about the media spoiling it for KQ. Alex had entered into hedging contracts for 5 years in 2012. Surely, what was this guy thinking about? They have done it again for 2 years. Remember, the longer the period, the heftier the kickbacks. Now you know why they have done it again for 2 years. Do these KQ executives learn? KQ is insolvent at the moment. The balance sheet is full of loans. The guy who wrote the above article knows how to crunch the numbers and he got tickled by KQ. Do you see the reason why Ngunze should let someone else with fresh/ new thinking to take over? He is almost five years at KQ,Is there anything he can do differently now that he didn't over all those years?????


The guy is a Wazua elder.
Life is short. Live passionately.
obiero
#5163 Posted : Sunday, July 31, 2016 9:33:38 PM
Rank: Elder


Joined: 6/23/2009
Posts: 13,711
Location: nairobi
sparkly wrote:
ArrestedDev wrote:
obiero wrote:
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


This is not about the media spoiling it for KQ. Alex had entered into hedging contracts for 5 years in 2012. Surely, what was this guy thinking about? They have done it again for 2 years. Remember, the longer the period, the heftier the kickbacks. Now you know why they have done it again for 2 years. Do these KQ executives learn? KQ is insolvent at the moment. The balance sheet is full of loans. The guy who wrote the above article knows how to crunch the numbers and he got tickled by KQ. Do you see the reason why Ngunze should let someone else with fresh/ new thinking to take over? He is almost five years at KQ,Is there anything he can do differently now that he didn't over all those years?????


The guy is a Wazua elder.

News just in.. It's @vvs who penned that article

COOP 255,000 ABP 15.85; KQ 544,100 ABP 7.15; MTN 23,800 ABP 5.20
Spikes
#5164 Posted : Sunday, July 31, 2016 10:09:13 PM
Rank: Elder


Joined: 9/20/2015
Posts: 2,811
Location: Mombasa
obiero wrote:
sparkly wrote:
ArrestedDev wrote:
obiero wrote:
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


This is not about the media spoiling it for KQ. Alex had entered into hedging contracts for 5 years in 2012. Surely, what was this guy thinking about? They have done it again for 2 years. Remember, the longer the period, the heftier the kickbacks. Now you know why they have done it again for 2 years. Do these KQ executives learn? KQ is insolvent at the moment. The balance sheet is full of loans. The guy who wrote the above article knows how to crunch the numbers and he got tickled by KQ. Do you see the reason why Ngunze should let someone else with fresh/ new thinking to take over? He is almost five years at KQ,Is there anything he can do differently now that he didn't over all those years?????


The guy is a Wazua elder.

News just in.. It's @vvs who penned that article




And by adding fuel to hedges ooh! sorry, to fire, very soon I'll scribe an article that will pin down KQ to shanties.
John 5:17 But Jesus replied, “My Father is always working, and so am I.”
obiero
#5165 Posted : Monday, August 01, 2016 1:53:10 PM
Rank: Elder


Joined: 6/23/2009
Posts: 13,711
Location: nairobi
Spikes wrote:
obiero wrote:
sparkly wrote:
ArrestedDev wrote:
obiero wrote:
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


This is not about the media spoiling it for KQ. Alex had entered into hedging contracts for 5 years in 2012. Surely, what was this guy thinking about? They have done it again for 2 years. Remember, the longer the period, the heftier the kickbacks. Now you know why they have done it again for 2 years. Do these KQ executives learn? KQ is insolvent at the moment. The balance sheet is full of loans. The guy who wrote the above article knows how to crunch the numbers and he got tickled by KQ. Do you see the reason why Ngunze should let someone else with fresh/ new thinking to take over? He is almost five years at KQ,Is there anything he can do differently now that he didn't over all those years?????


The guy is a Wazua elder.

News just in.. It's @vvs who penned that article




And by adding fuel to hedges ooh! sorry, to fire, very soon I'll scribe an article that will pin down KQ to shanties.

lol.. number crunchers shouldnt spook anyone. Uchumi is a case study in how accounting can fail investors. Better rely on information from the inside, than these cooked audited books

COOP 255,000 ABP 15.85; KQ 544,100 ABP 7.15; MTN 23,800 ABP 5.20
ArrestedDev
#5166 Posted : Monday, August 01, 2016 2:26:01 PM
Rank: Member


Joined: 5/29/2016
Posts: 898
Location: Nairobi
obiero wrote:
Spikes wrote:
obiero wrote:
sparkly wrote:
ArrestedDev wrote:
obiero wrote:
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


This is not about the media spoiling it for KQ. Alex had entered into hedging contracts for 5 years in 2012. Surely, what was this guy thinking about? They have done it again for 2 years. Remember, the longer the period, the heftier the kickbacks. Now you know why they have done it again for 2 years. Do these KQ executives learn? KQ is insolvent at the moment. The balance sheet is full of loans. The guy who wrote the above article knows how to crunch the numbers and he got tickled by KQ. Do you see the reason why Ngunze should let someone else with fresh/ new thinking to take over? He is almost five years at KQ,Is there anything he can do differently now that he didn't over all those years?????


The guy is a Wazua elder.

News just in.. It's @vvs who penned that article




And by adding fuel to hedges ooh! sorry, to fire, very soon I'll scribe an article that will pin down KQ to shanties.

lol.. number crunchers shouldnt spook anyone. Uchumi is a case study in how accounting can fail investors. Better rely on information from the inside, than these cooked audited books


It gives a glimpse of the state of affairs. If the 26.2 billion is a cooked figure then what else do you expect from this firm. The situation is bad.
obiero
#5167 Posted : Tuesday, August 02, 2016 4:30:25 PM
Rank: Elder


Joined: 6/23/2009
Posts: 13,711
Location: nairobi
ArrestedDev wrote:
obiero wrote:
Spikes wrote:
obiero wrote:
sparkly wrote:
ArrestedDev wrote:
obiero wrote:
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


This is not about the media spoiling it for KQ. Alex had entered into hedging contracts for 5 years in 2012. Surely, what was this guy thinking about? They have done it again for 2 years. Remember, the longer the period, the heftier the kickbacks. Now you know why they have done it again for 2 years. Do these KQ executives learn? KQ is insolvent at the moment. The balance sheet is full of loans. The guy who wrote the above article knows how to crunch the numbers and he got tickled by KQ. Do you see the reason why Ngunze should let someone else with fresh/ new thinking to take over? He is almost five years at KQ,Is there anything he can do differently now that he didn't over all those years?????


The guy is a Wazua elder.

News just in.. It's @vvs who penned that article




And by adding fuel to hedges ooh! sorry, to fire, very soon I'll scribe an article that will pin down KQ to shanties.

lol.. number crunchers shouldnt spook anyone. Uchumi is a case study in how accounting can fail investors. Better rely on information from the inside, than these cooked audited books


It gives a glimpse of the state of affairs. If the 26.2 billion is a cooked figure then what else do you expect from this firm. The situation is bad.

Let me leave this here.. http://www.businessdaily...26128-xy9n6nz/index.html

COOP 255,000 ABP 15.85; KQ 544,100 ABP 7.15; MTN 23,800 ABP 5.20
ArrestedDev
#5168 Posted : Tuesday, August 02, 2016 5:25:33 PM
Rank: Member


Joined: 5/29/2016
Posts: 898
Location: Nairobi
obiero wrote:
ArrestedDev wrote:
obiero wrote:
Spikes wrote:
obiero wrote:
sparkly wrote:
ArrestedDev wrote:
obiero wrote:
[quote=Ebenyo][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


This is not about the media spoiling it for KQ. Alex had entered into hedging contracts for 5 years in 2012. Surely, what was this guy thinking about? They have done it again for 2 years. Remember, the longer the period, the heftier the kickbacks. Now you know why they have done it again for 2 years. Do these KQ executives learn? KQ is insolvent at the moment. The balance sheet is full of loans. The guy who wrote the above article knows how to crunch the numbers and he got tickled by KQ. Do you see the reason why Ngunze should let someone else with fresh/ new thinking to take over? He is almost five years at KQ,Is there anything he can do differently now that he didn't over all those years?????


The guy is a Wazua elder.

News just in.. It's @vvs who penned that article




And by adding fuel to hedges ooh! sorry, to fire, very soon I'll scribe an article that will pin down KQ to shanties.

lol.. number crunchers shouldnt spook anyone. Uchumi is a case study in how accounting can fail investors. Better rely on information from the inside, than these cooked audited books


It gives a glimpse of the state of affairs. If the 26.2 billion is a cooked figure then what else do you expect from this firm. The situation is bad.

Let me leave this here.. http://www.businessdaily...6128-xy9n6nz/index.html[/quote]

It was long overdue. I am sure it was IOSA standards like compliance on the part of Jambojet holding the agreement.

Bad news though is that Jambojet won't fly internationally for now. This guy called Kibe in charge of KCAA blocked it yet they have granted the go-ahead to FlyDubai to start Coast ops and also Fastjet to prepare for its local flights debut.

Quote:
The Kenya Civil Aviation Authority (KCAA) discloses in the latest gazette notice that it did not granted the licence, confining Jambojet to local routes.


http://www.businessdaily...24536-w6pr4d/index.html

This is bad for KQ and Jambojet alike. I am not sure what this KCCA guy is thinking about. Jambojet is best placed to deal with Rwandair, Fastjet, Fly540 and even ET.
hisah
#5169 Posted : Tuesday, August 02, 2016 7:13:28 PM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
Printed a new all time low today at 3.60 and closed @3.75. Ready to restart the downtrend....
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
ArrestedDev
#5170 Posted : Tuesday, August 02, 2016 7:44:18 PM
Rank: Member


Joined: 5/29/2016
Posts: 898
Location: Nairobi
hisah wrote:
Printed a new all time low today at 3.60 and closed @3.75. Ready to restart the downtrend....


The stock fundamentals are poor. Nothing tangible so far to take home. Strained cash flow position continues to impact the Company. The savings so far realized through the turnaround strategy are insignificant in comparisons to the hedging losses, finance costs and the perceived management problems facing the firm. Infact, one analyst, pointed out that it is not clear if the management woes/ corporate governance failures facing KQ have been fully addressed. Demand for further management changes by KALPA will further dampen/ cripple any upward trend of the stock.
obiero
#5171 Posted : Tuesday, August 02, 2016 7:55:45 PM
Rank: Elder


Joined: 6/23/2009
Posts: 13,711
Location: nairobi
ArrestedDev wrote:
hisah wrote:
Printed a new all time low today at 3.60 and closed @3.75. Ready to restart the downtrend....


The stock fundamentals are poor. Nothing tangible so far to take home. Strained cash flow position continues to impact the Company. The savings so far realized through the turnaround strategy are insignificant in comparisons to the hedging losses, finance costs and the perceived management problems facing the firm. Infact, one analyst, pointed out that it is not clear if the management woes/ corporate governance failures facing KQ have been fully addressed. Demand for further management changes by KALPA will further dampen/ cripple any upward trend of the stock.

Indeed. The staff at KQ are responsible for the current woes

COOP 255,000 ABP 15.85; KQ 544,100 ABP 7.15; MTN 23,800 ABP 5.20
maka
#5172 Posted : Tuesday, August 02, 2016 8:09:33 PM
Rank: Elder


Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
obiero wrote:
ArrestedDev wrote:
hisah wrote:
Printed a new all time low today at 3.60 and closed @3.75. Ready to restart the downtrend....


The stock fundamentals are poor. Nothing tangible so far to take home. Strained cash flow position continues to impact the Company. The savings so far realized through the turnaround strategy are insignificant in comparisons to the hedging losses, finance costs and the perceived management problems facing the firm. Infact, one analyst, pointed out that it is not clear if the management woes/ corporate governance failures facing KQ have been fully addressed. Demand for further management changes by KALPA will further dampen/ cripple any upward trend of the stock.

Indeed. The staff at KQ are responsible for the current woes


Please get serious...Hope that was sarcastic.I know some very hard working people at KQ guys who work their arse off for the lousy pay that the company offers...Mid level managers who go to work at 5.30am - 6pm...work overnight if there is a disruption...Really???The staff...?Point your finger to someone else.
possunt quia posse videntur
ArrestedDev
#5173 Posted : Wednesday, August 03, 2016 3:20:56 AM
Rank: Member


Joined: 5/29/2016
Posts: 898
Location: Nairobi
maka wrote:
obiero wrote:
ArrestedDev wrote:
hisah wrote:
Printed a new all time low today at 3.60 and closed @3.75. Ready to restart the downtrend....


The stock fundamentals are poor. Nothing tangible so far to take home. Strained cash flow position continues to impact the Company. The savings so far realized through the turnaround strategy are insignificant in comparisons to the hedging losses, finance costs and the perceived management problems facing the firm. Infact, one analyst, pointed out that it is not clear if the management woes/ corporate governance failures facing KQ have been fully addressed. Demand for further management changes by KALPA will further dampen/ cripple any upward trend of the stock.

Indeed. The staff at KQ are responsible for the current woes


Please get serious...Hope that was sarcastic.I know some very hard working people at KQ guys who work their arse off for the lousy pay that the company offers...Mid level managers who go to work at 5.30am - 6pm...work overnight if there is a disruption...Really???The staff...?Point your finger to someone else.


@obiero, top level management is the real issue here. Expect a rally if Ngunze's exit comes soon.
VituVingiSana
#5174 Posted : Wednesday, August 03, 2016 6:39:22 AM
Rank: Chief


Joined: 1/3/2007
Posts: 18,190
Location: Nairobi
British Airways Kenya route expansion on despite Brexit vote...

http://www.businessdaily...28060-lemxx2/index.html

"...adding 784 seats a week on the route."
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
obiero
#5175 Posted : Wednesday, August 03, 2016 6:50:25 AM
Rank: Elder


Joined: 6/23/2009
Posts: 13,711
Location: nairobi
VituVingiSana wrote:
British Airways Kenya route expansion on despite Brexit vote...

http://www.businessdaily...28060-lemxx2/index.html

"...adding 784 seats a week on the route."

A testament to the vibrancy of air travel in Kenya.. Of course other airlines would have taken up the former morning arrival space, KQ opted out in full knowledge

COOP 255,000 ABP 15.85; KQ 544,100 ABP 7.15; MTN 23,800 ABP 5.20
maka
#5176 Posted : Wednesday, August 03, 2016 7:03:08 AM
Rank: Elder


Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
obiero wrote:
VituVingiSana wrote:
British Airways Kenya route expansion on despite Brexit vote...

http://www.businessdaily...28060-lemxx2/index.html

"...adding 784 seats a week on the route."

A testament to the vibrancy of air travel in Kenya.. Of course other airlines would have taken up the former morning arrival space, KQ opted out in full knowledge


Apologise first...blaming employees on KQ woes.
possunt quia posse videntur
obiero
#5177 Posted : Wednesday, August 03, 2016 7:14:13 AM
Rank: Elder


Joined: 6/23/2009
Posts: 13,711
Location: nairobi
maka wrote:
obiero wrote:
VituVingiSana wrote:
British Airways Kenya route expansion on despite Brexit vote...

http://www.businessdaily...28060-lemxx2/index.html

"...adding 784 seats a week on the route."

A testament to the vibrancy of air travel in Kenya.. Of course other airlines would have taken up the former morning arrival space, KQ opted out in full knowledge


Apologise first...blaming employees on KQ woes.

Dear Elder @maka I unreservedly apologise and withdraw, but remember Ngunze is an employee and so was the terrible Naikunia

COOP 255,000 ABP 15.85; KQ 544,100 ABP 7.15; MTN 23,800 ABP 5.20
Spikes
#5178 Posted : Wednesday, August 03, 2016 7:17:34 AM
Rank: Elder


Joined: 9/20/2015
Posts: 2,811
Location: Mombasa
obiero wrote:
VituVingiSana wrote:
British Airways Kenya route expansion on despite Brexit vote...

http://www.businessdaily...28060-lemxx2/index.html

"...adding 784 seats a week on the route."

A testament to the vibrancy of air travel in Kenya.. Of course other airlines would have taken up the former morning arrival space, KQ opted out in full knowledge



Which full knowledge? Everybody is making money in KQ except you @obiero. Those involved in selling landing slots received kickbacks as @obiero is up in arms defending them furiously!
John 5:17 But Jesus replied, “My Father is always working, and so am I.”
maka
#5179 Posted : Wednesday, August 03, 2016 7:40:40 AM
Rank: Elder


Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
obiero wrote:
maka wrote:
obiero wrote:
VituVingiSana wrote:
British Airways Kenya route expansion on despite Brexit vote...

http://www.businessdaily...28060-lemxx2/index.html

"...adding 784 seats a week on the route."

A testament to the vibrancy of air travel in Kenya.. Of course other airlines would have taken up the former morning arrival space, KQ opted out in full knowledge


Apologise first...blaming employees on KQ woes.

Dear Elder @maka I unreservedly apologise and withdraw, but remember Ngunze is an employee and so was the terrible Naikunia

Naikuni was the one who sunk this ship with his kichwa ngumu...dude was advised to do a proper hotel never listened...was told to go easy on the expansion plans as usual never listened...outcome is just pure catastrophy.
possunt quia posse videntur
muandiwambeu
#5180 Posted : Wednesday, August 03, 2016 8:40:28 AM
Rank: Veteran


Joined: 8/28/2015
Posts: 1,247
ArrestedDev wrote:
obiero wrote:
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


This is not about the media spoiling it for KQ. Alex had entered into hedging contracts for 5 years in 2012. Surely, what was this guy thinking about? They have done it again for 2 years. Remember, the longer the period, the heftier the kickbacks. Now you know why they have done it again for 2 years. Do these KQ executives learn? KQ is insolvent at the moment. The balance sheet is full of loans. The guy who wrote the above article knows how to crunch the numbers and he got tickled by KQ. Do you see the reason why Ngunze should let someone else with fresh/ new thinking to take over? He is almost five years at KQ,Is there anything he can do differently now that he didn't over all those years?????

hiii kqueer itamaliza watu wenye vizwa ngumu kama mkia wa nguruwe. And people are still buying into this princely stock. this is daylight Robert at NSE. why would it not be wazuans? if government woke JP tomorrow and said we have thrown the tow for this belly up company like they should have done already, where would the other shareholders be?
this is purely accepting management to Balkanize a company at the expense of the other stakeholders. one of them being the shareholder.
,Behold, a sower went forth to sow;....
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