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Pesa Nane		#11 Posted : Thursday, October 27, 2016 10:02:35 AM
Rank: Elder Joined: 5/25/2012 Posts: 4,105 Location: 08c		Overheard.. Quote: I knew things were thick when I heard Ngunze say "There is nothing wrong with negative equity" and @alykhansatchu agreed! - @mungaikihanya Pesa Nane plans to be shilingi when he grows up.
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Ebenyo		#12 Posted : Thursday, October 27, 2016 2:00:32 PM
Rank: Veteran Joined: 4/4/2016 Posts: 2,016 Location: Kitale		From negative 35 bilion to negative 38 bilion in shareholders equity. Michael Joseph guagmire task! Towards the goal of financial freedom
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Impunity		#13 Posted : Thursday, October 27, 2016 4:19:04 PM
Rank: Elder Joined: 3/2/2009 Posts: 26,331 Location: Masada		Ebenyo wrote: From negative 35 bilion to negative 38 bilion in shareholders equity. Michael Joseph guagmire task! Was this increase in negative equity due to selling of assets or more borrowing? Portfolio: Sold You know you've made it when you get a parking space for your yatcht.
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Ebenyo		#14 Posted : Thursday, October 27, 2016 5:21:29 PM
Rank: Veteran Joined: 4/4/2016 Posts: 2,016 Location: Kitale		Impunity wrote: Ebenyo wrote: From negative 35 bilion to negative 38 bilion in shareholders equity. Michael Joseph guagmire task! Was this increase in negative equity due to selling of assets or more borrowing? More borrowing. Towards the goal of financial freedom
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obiero		#15 Posted : Thursday, October 27, 2016 5:23:27 PM
Rank: Elder Joined: 6/23/2009 Posts: 14,223 Location: nairobi		Ebenyo wrote: Impunity wrote: Ebenyo wrote: From negative 35 bilion to negative 38 bilion in shareholders equity. Michael Joseph guagmire task! Was this increase in negative equity due to selling of assets or more borrowing? More borrowing. "It is a matter of restoring the morale, changing things around making better working practices," Michael Joseph said, adding that "it might take a few months" to set the airline back on course.
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Pesa Nane		#16 Posted : Thursday, October 27, 2016 5:33:09 PM
Rank: Elder Joined: 5/25/2012 Posts: 4,105 Location: 08c		Ebenyo wrote: Impunity wrote: Ebenyo wrote: From negative 35 bilion to negative 38 bilion in shareholders equity. Michael Joseph guagmire task! Was this increase in negative equity due to selling of assets or more borrowing? ~~More borrowing.~~ Further losses Pesa Nane plans to be shilingi when he grows up.
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obiero		#17 Posted : Thursday, October 27, 2016 5:39:51 PM
Rank: Elder Joined: 6/23/2009 Posts: 14,223 Location: nairobi		Pesa Nane wrote: Ebenyo wrote: Impunity wrote: [quote=Ebenyo]From negative 35 bilion to negative 38 bilion in shareholders equity. Michael Joseph guagmire task! Was this increase in negative equity due to selling of assets or more borrowing? ~~More borrowing.~~ Further losses With an increase in the top line, a full year PBT is no longer in the realm of fiction
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VituVingiSana		#18 Posted : Thursday, October 27, 2016 6:16:57 PM
Rank: Chief Joined: 1/3/2007 Posts: 18,349 Location: Nairobi		Pesa Nane wrote: Overheard.. Quote: I knew things were thick when I heard Ngunze say "There is nothing wrong with negative equity" and @alykhansatchu agreed! - @mungaikihanya #Truth I wonder if AKS is getting freebies from KQ to pump it up? Greedy when others are fearful. Very fearful when others are greedy - *to paraphrase Warren Buffett*
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VituVingiSana		#19 Posted : Thursday, October 27, 2016 6:32:23 PM
Rank: Chief Joined: 1/3/2007 Posts: 18,349 Location: Nairobi		obiero wrote: Pesa Nane wrote: Ebenyo wrote: Impunity wrote: [quote=Ebenyo]From negative 35 bilion to negative 38 bilion in shareholders equity. Michael Joseph guagmire task! Was this increase in negative equity due to selling of assets or more borrowing? ~~More borrowing.~~ Further losses With an increase in the top line, a full year PBT is no longer in the realm of fiction Unless: 1) GoK gives a "soft" loan to KQ of KES 30bn to pay off the other loans. 2) Forgiveness of debt by the creditors. 3) A huge increase in turnover [passengers, RSK, cargo, etc] Bottomline: The "full-year PBT" remains a fiction for FY 2016-17 even FY 2017-18. Greedy when others are fearful. Very fearful when others are greedy - *to paraphrase Warren Buffett*
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watesh		#20 Posted : Thursday, October 27, 2016 9:59:51 PM
Rank: Veteran Joined: 8/10/2014 Posts: 992 Location: Kenya		Pesa Nane wrote: Well at least its generating more cash from operating activities.
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