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Kenya Airways...why ignore..
Rank: Chief Joined: 1/3/2007 Posts: 18,188 Location: Nairobi
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obiero wrote:ArrestedDev wrote:maka wrote:And on pilots leaving the number will hit 150+ come December so many resignations have checked in...Lets not even talk about engineers. The pilots are aware that the continued lack of a strong management with the right skill set will lead to the airline going under. Up 6% today.. Why isn't the share respecting @vvs wise counsel "There's a Sucker Born Every Minute" David Hannum, in regard to one of Barnum's hoaxes: a replica of the Cardiff Giant.  Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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Kesho 5 planes don't have Captains guys have been called from leave....tafakari hayo. .. possunt quia posse videntur
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Rank: Elder Joined: 6/23/2009 Posts: 13,709 Location: nairobi
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COOP 255,000 ABP 15.85; KQ 544,100 ABP 7.15; MTN 23,800 ABP 5.20
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Rank: Chief Joined: 1/3/2007 Posts: 18,188 Location: Nairobi
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#TeamMafisi  http://nairobinews.natio...rned-sh1m-to-passenger/ BTW, has MJ been "elected" to the Board? I thought there were just 2 positions to be filled with 3 candidates i.e. MJ, Thugge and Nyakera. Since the latter 2 are GoK appointees with seats given to MinFin and MinTrans, how will MJ prevail? Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 9/20/2015 Posts: 2,811 Location: Mombasa
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PPT! bidii nayo? John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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Rank: Member Joined: 1/13/2014 Posts: 391 Location: Denmark
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VituVingiSana wrote:#TeamMafisi http://nairobinews.natio...rned-sh1m-to-passenger/ BTW, has MJ been "elected" to the Board? I thought there were just 2 positions to be filled with 3 candidates i.e. MJ, Thugge and Nyakera. Since the latter 2 are GoK appointees with seats given to MinFin and MinTrans, how will MJ prevail? It's true. Even the ballot paper was misleading because it indicated you select only two. But from the talk it's like we had 3 elective positions. There was a guy who even complained that he was being coerced to vote for the three. Seeing is believing
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Rank: Elder Joined: 6/23/2009 Posts: 13,709 Location: nairobi
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jawgey wrote:VituVingiSana wrote:#TeamMafisi http://nairobinews.natio...rned-sh1m-to-passenger/ BTW, has MJ been "elected" to the Board? I thought there were just 2 positions to be filled with 3 candidates i.e. MJ, Thugge and Nyakera. Since the latter 2 are GoK appointees with seats given to MinFin and MinTrans, how will MJ prevail? It's true. Even the ballot paper was misleading because it indicated you select only two. But from the talk it's like we had 3 elective positions. There was a guy who even complained that he was being coerced to vote for the three. Vincent Rague did not offer himself for re-election
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: 4/22/2010 Posts: 11,522 Location: Nairobi
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maka wrote:VituVingiSana wrote:maka wrote:Like now one dreamliner is stuck at Hanoi 3 days now....231 passengers do the math on HOTAC.Crazy.... Details? Where are the pax? And then "More than 60 pilots quit national carrier Kenya Airways for greener pastures in rival Middle East airlines in the past year, the company’s management said." http://www.businessdaily...9660-91oshpz/index.html As for the "new" investors... Even Ngunze says that's some time away. If it happens. “We are talking to three or four parties and that is not an exclusive group. We are, however, not at the point of shareholding,” he said. Some hotel in Hanoi spare part probably being taken today...@Obiero...1 word processes...Yves last year had gotten in touch with an Indian based company called ITG they are the ones who handle KLM disruptions and rebook passengers...as usual the idea was turned down same old same old hakuna pesa bla bla bla...funny thing is the cost of 1/4 of the disruptions would have paid for the services of the Indian firm...now you have staff who would have been doing something else running around sorting the issue...disgruntled passengers...crazy losses due to HOTAC...if theye have to send another plane to sort the guys out...the bags will have to be brought later that's how Hanoi works...expenses...expenses....expenses...disruptions are unforeseeable but how you handle them goes a long way into showing what kind of airline you are...the other interesting thing NO director has taken up the matter shows you the calibre of leadership that is in that company.Yves is sorely missed...il repeat again he should have been made MD...  possunt quia posse videntur
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Rank: Elder Joined: 9/20/2015 Posts: 2,811 Location: Mombasa
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http://www.standardmedia...rm-sh2-3b-in-six-months
Now it is evident Ngunze is completely incompetent and that real KQ shafter is Mckinsey. A staggering Kshs 2.3B paid to US Mckinsey in six months. Nonsense! What cost cutting service aka turnaround are these US lunatics offering to KQ that corrupt Kenyans can't afford to sort out themselves? Wait on November 2016 H1 loss is most likely to tripple despite sale of assets cosmetics. 50CENTS is the bottom for this stock. John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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Rank: Chief Joined: 1/3/2007 Posts: 18,188 Location: Nairobi
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So much drama at KQ http://www.standardmedia...s-without-contract-auditGreedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Member Joined: 2/8/2007 Posts: 808
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Yves was trying to salvage some pride out of this chaotic institution. Still SMH in wonderment how do yqou pay McKinley $23m to tell you how to do your job?
At KQ the management has failed and should raise their hand and salvage the little left of their reputations by doing the honourable thing. Roho juu antiques that oh we will turn things around is a bit too late and will only damage their careers and reputations. Based on what I have witnessed KQ needs a reboot. Their planes are full on key routes but still not making money? Tells me the management got no clue about their business. Ama they borrow Bwana Ohana.
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Rank: Chief Joined: 1/3/2007 Posts: 18,188 Location: Nairobi
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@Kausha - KQ can buy [with all the cash GoK & Afrexim is giving them] KK for 30bn [20/- a share]. KQ would get a firm that makes 4.5bn in PBT, unencumbered assets, minimal debt and Ohana. No, I do not want a share swap but want cash! No KQ shares for my KK shares! 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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Spikes wrote:http://www.standardmedia.co.ke/mobile/article/2000217965/how-loss-making-kq-paid-firm-sh2-3b-in-six-months
Now it is evident Ngunze is completely incompetent and that real KQ shafter is Mckinsey. A staggering Kshs 2.3B paid to US Mckinsey in six months. Nonsense! What cost cutting service aka turnaround are these US lunatics offering to KQ that corrupt Kenyans can't afford to sort out themselves? Wait on November 2016 H1 loss is most likely to tripple despite sale of assets cosmetics. 50CENTS is the bottom for this stock. Finally someone with a brain in KQ finance have leaked the full payment history. I have always said here that Ngunze with his other bunch of directors are incompetent. If nothing is done this Airline is going to collapse. The full year results will shock some of you especially @obiero.
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Rank: Member Joined: 5/29/2016 Posts: 898 Location: Nairobi
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Kausha wrote:Yves was trying to salvage some pride out of this chaotic institution. Still SMH in wonderment how do yqou pay McKinley $23m to tell you how to do your job?
At KQ the management has failed and should raise their hand and salvage the little left of their reputations by doing the honourable thing. Roho juu antiques that oh we will turn things around is a bit too late and will only damage their careers and reputations. Based on what I have witnessed KQ needs a reboot. Their planes are full on key routes but still not making money? Tells me the management got no clue about their business. Ama they borrow Bwana Ohana. None of them will raise his hand. Ngunze should have left long ago for someone else with fresh thinking to take over.
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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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ArrestedDev wrote:Spikes wrote:http://www.standardmedia.co.ke/mobile/article/2000217965/how-loss-making-kq-paid-firm-sh2-3b-in-six-months
Now it is evident Ngunze is completely incompetent and that real KQ shafter is Mckinsey. A staggering Kshs 2.3B paid to US Mckinsey in six months. Nonsense! What cost cutting service aka turnaround are these US lunatics offering to KQ that corrupt Kenyans can't afford to sort out themselves? Wait on November 2016 H1 loss is most likely to tripple despite sale of assets cosmetics. 50CENTS is the bottom for this stock. Finally someone with a brain in KQ finance have leaked the full payment history. I have always said here that Ngunze with his other bunch of directors are incompetent. If nothing is done this Airline is going to collapse. The full year results will shock some of you especially @obiero. Haven't even read the article yet...the idea was Mckinsey should come up with revenue generating initiatives and get paid out of the revenue that comes from them...It would have been easier to appoint an MD who is conversant with airline matters they would have never spent all this cash...2.3B crazy....when they can't even pay suppliers...EABL had refused to supply liquor some time last week..., possunt quia posse videntur
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Rank: Member Joined: 5/29/2016 Posts: 898 Location: Nairobi
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[quote=VituVingiSana]So much drama at KQ http://www.standardmedia...-without-contract-audit[/quote] Another totally incompetent and corrupt character planted in KQ by Titus Naikuni is the the Marketing director.. He should be sacked like yesterday.
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Rank: Member Joined: 5/29/2016 Posts: 898 Location: Nairobi
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maka wrote:ArrestedDev wrote:Spikes wrote:http://www.standardmedia.co.ke/mobile/article/2000217965/how-loss-making-kq-paid-firm-sh2-3b-in-six-months
Now it is evident Ngunze is completely incompetent and that real KQ shafter is Mckinsey. A staggering Kshs 2.3B paid to US Mckinsey in six months. Nonsense! What cost cutting service aka turnaround are these US lunatics offering to KQ that corrupt Kenyans can't afford to sort out themselves? Wait on November 2016 H1 loss is most likely to tripple despite sale of assets cosmetics. 50CENTS is the bottom for this stock. Finally someone with a brain in KQ finance have leaked the full payment history. I have always said here that Ngunze with his other bunch of directors are incompetent. If nothing is done this Airline is going to collapse. The full year results will shock some of you especially @obiero. Haven't even read the article yet...the idea was Mckinsey should come up with revenue generating initiatives and get paid out of the revenue that comes from them...It would have been easier to appoint an MD who is conversant with airline matters they would have never spent all this cash...2.3B crazy....when they can't even pay suppliers...EABL had refused to supply liquor some time last week..., It is evident how the whole idea of bringing in the consultant was ill-conceived. The initiatives will take a very long time to generate revenue yet payments to the consultant falls due very fast hence impacting the alreadfy bad cashflow situation.
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Rank: Member Joined: 5/29/2016 Posts: 898 Location: Nairobi
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maka wrote:Kesho 5 planes don't have Captains guys have been called from leave....tafakari hayo. .. And it is going to get worse with the massive resignations. I will not be surprised if they have not advertised positions for pilots.The guys earlier send home at 6 0 should be recalled and recertified on the type with shortages, otherwise delays and cancellations will continue to be the order of the day.
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Rank: Elder Joined: 6/23/2009 Posts: 13,709 Location: nairobi
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I agree with all of negative sentiments. However why is the KQ share rising. Up 24% in 3 weeks
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:I agree with all of negative sentiments. However why is the KQ share rising Novice speculators in play but as bitter revelations have begun to surface, normalcy shall be restored by printing a new 52wks low record. Those who bought high yesterday didn't have this info now it has been made public a rapid nosedive is inevitable. John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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