Wazua
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Kenya Airways...why ignore..
Rank: Elder Joined: 6/23/2009 Posts: 14,323 Location: nairobi
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actuarywahisa wrote:1. On what basis would bank agree to a conversion price above 6 bob bearing in mind the negative equity position?
2. Assuming that the conversion price is even 6 bob.. for the local banks alone that would mean around 4 billion new shares created.
3. Hata wacha hiyo analysis ikae.....
.....I rest my case. #Yaliyondwele_Sipite @actuarywahisa.. Which negative equity? Hio ni old news. KQ is now well capitalized.. In addition, the conversion price per share must have been agreed between GoK and KQ prior to the session paper approval while the stock traded about KES 7. Also recall that the same stock was bought by IFC, KLM & GoK just 4 years ago at KES 14 per share. In short, for now we must wait for the price circular on 20.07.2017, everything else is speculation COOP, IMH, KEGN, KQ, MTNU
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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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Rank: Elder Joined: 2/22/2009 Posts: 2,449 Location: Africa
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maka wrote:https://www.cnyakundi.com/2017/07/09/corporate-thieves-how-ruiru-sports-club-golf-captain-githinji-itegi-looted-kenya-airways/ Reading that felt like a muchene session. I couldn't even finish it
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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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Shak wrote:maka wrote:https://www.cnyakundi.com/2017/07/09/corporate-thieves-how-ruiru-sports-club-golf-captain-githinji-itegi-looted-kenya-airways/ Reading that felt like a muchene session. I couldn't even finish it Despite the irrelevant personal issues...the story is true... possunt quia posse videntur
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Rank: Member Joined: 5/29/2016 Posts: 898 Location: Nairobi
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maka wrote:Shak wrote:maka wrote:https://www.cnyakundi.com/2017/07/09/corporate-thieves-how-ruiru-sports-club-golf-captain-githinji-itegi-looted-kenya-airways/ Reading that felt like a muchene session. I couldn't even finish it Despite the irrelevant personal issues...the story is true... All the findings are in the forensic report. What Nyakundi has written in the article is factual and even the personal issues brings out the lifestyle audit. It reinforces the findings already with KQ. The second investigation by CID/EACC should be a lifestyle audit to corrobate the forensic audit and then arraign him in Court but this is Kenya. Mbuvi and Mbugua were also involved especially in signing off documents for KQ to transact with Dubai bank. Ngunze has a brother in Commercial Bank of Africa. The reason why he signed off for KQ to deal with Dubai Bank without even reaching out to his brother tells you alot. Why a low ranking Bank was selected to do business with KQ remains a misery. The signatories only knows the answer. When the forensic report was finally tabled before the Audit committee at the board level, it was very clear Ngunze was either involved or there was professiobal negligence on his part. MJ then turned around and asked him to exit the stage.
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Rank: Elder Joined: 6/23/2009 Posts: 14,323 Location: nairobi
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ArrestedDev wrote:maka wrote:Shak wrote:maka wrote:https://www.cnyakundi.com/2017/07/09/corporate-thieves-how-ruiru-sports-club-golf-captain-githinji-itegi-looted-kenya-airways/ Reading that felt like a muchene session. I couldn't even finish it Despite the irrelevant personal issues...the story is true... All the findings are in the forensic report. What Nyakundi has written in the article is factual and even the personal issues brings out the lifestyle audit. It reinforces the findings already with KQ. The second investigation by CID/EACC should be a lifestyle audit to corrobate the forensic audit and then arraign him in Court but this is Kenya. Mbuvi and Mbugua were also involved especially in signing off documents for KQ to transact with Dubai bank. Ngunze has a brother in Commercial Bank of Africa. The reason why he signed off for KQ to deal with Dubai Bank without even reaching out to his brother tells you alot. Why a low ranking Bank was selected to do business with KQ remains a misery. The signatories only knows the answer. When the forensic report was finally tabled before the Audit committee at the board level, it was very clear Ngunze was either involved or there was professiobal negligence on his part. MJ then turned around and asked him to exit the stage. Yaliyo ndwele sipite. New CEO, new Chairman, new Equity. The Pride of Africa COOP, IMH, KEGN, KQ, MTNU
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Rank: Member Joined: 4/14/2010 Posts: 806 Location: Nairobi
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obiero wrote:ArrestedDev wrote:maka wrote:Shak wrote:maka wrote:https://www.cnyakundi.com/2017/07/09/corporate-thieves-how-ruiru-sports-club-golf-captain-githinji-itegi-looted-kenya-airways/ Reading that felt like a muchene session. I couldn't even finish it Despite the irrelevant personal issues...the story is true... All the findings are in the forensic report. What Nyakundi has written in the article is factual and even the personal issues brings out the lifestyle audit. It reinforces the findings already with KQ. The second investigation by CID/EACC should be a lifestyle audit to corrobate the forensic audit and then arraign him in Court but this is Kenya. Mbuvi and Mbugua were also involved especially in signing off documents for KQ to transact with Dubai bank. Ngunze has a brother in Commercial Bank of Africa. The reason why he signed off for KQ to deal with Dubai Bank without even reaching out to his brother tells you alot. Why a low ranking Bank was selected to do business with KQ remains a misery. The signatories only knows the answer. When the forensic report was finally tabled before the Audit committee at the board level, it was very clear Ngunze was either involved or there was professiobal negligence on his part. MJ then turned around and asked him to exit the stage. Yaliyo ndwele sipite. New CEO, new Chairman, new Equity. The Pride of Africa @obiero - True. But they must fix the internal control loopholes/weaknesses...or else someone will repeat the looting again...a repeated history can be very harsh. For the optimists...what's KQ's estimated turnaround time(years) to profitability?
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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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winston wrote:obiero wrote:ArrestedDev wrote:maka wrote:Shak wrote:maka wrote:https://www.cnyakundi.com/2017/07/09/corporate-thieves-how-ruiru-sports-club-golf-captain-githinji-itegi-looted-kenya-airways/ Reading that felt like a muchene session. I couldn't even finish it Despite the irrelevant personal issues...the story is true... All the findings are in the forensic report. What Nyakundi has written in the article is factual and even the personal issues brings out the lifestyle audit. It reinforces the findings already with KQ. The second investigation by CID/EACC should be a lifestyle audit to corrobate the forensic audit and then arraign him in Court but this is Kenya. Mbuvi and Mbugua were also involved especially in signing off documents for KQ to transact with Dubai bank. Ngunze has a brother in Commercial Bank of Africa. The reason why he signed off for KQ to deal with Dubai Bank without even reaching out to his brother tells you alot. Why a low ranking Bank was selected to do business with KQ remains a misery. The signatories only knows the answer. When the forensic report was finally tabled before the Audit committee at the board level, it was very clear Ngunze was either involved or there was professiobal negligence on his part. MJ then turned around and asked him to exit the stage. Yaliyo ndwele sipite. New CEO, new Chairman, new Equity. The Pride of Africa @obiero - True. But they must fix the internal control loopholes/weaknesses...or else someone will repeat the looting again...a repeated history can be very harsh. For the optimists...what's KQ's estimated turnaround time(years) to profitability? The loopholes have been properly sorted and everyone involved was sent home... possunt quia posse videntur
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Rank: Elder Joined: 6/23/2009 Posts: 14,323 Location: nairobi
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maka wrote:winston wrote:obiero wrote:ArrestedDev wrote:maka wrote:Shak wrote:maka wrote:https://www.cnyakundi.com/2017/07/09/corporate-thieves-how-ruiru-sports-club-golf-captain-githinji-itegi-looted-kenya-airways/ Reading that felt like a muchene session. I couldn't even finish it Despite the irrelevant personal issues...the story is true... All the findings are in the forensic report. What Nyakundi has written in the article is factual and even the personal issues brings out the lifestyle audit. It reinforces the findings already with KQ. The second investigation by CID/EACC should be a lifestyle audit to corrobate the forensic audit and then arraign him in Court but this is Kenya. Mbuvi and Mbugua were also involved especially in signing off documents for KQ to transact with Dubai bank. Ngunze has a brother in Commercial Bank of Africa. The reason why he signed off for KQ to deal with Dubai Bank without even reaching out to his brother tells you alot. Why a low ranking Bank was selected to do business with KQ remains a misery. The signatories only knows the answer. When the forensic report was finally tabled before the Audit committee at the board level, it was very clear Ngunze was either involved or there was professiobal negligence on his part. MJ then turned around and asked him to exit the stage. Yaliyo ndwele sipite. New CEO, new Chairman, new Equity. The Pride of Africa @obiero - True. But they must fix the internal control loopholes/weaknesses...or else someone will repeat the looting again...a repeated history can be very harsh. For the optimists...what's KQ's estimated turnaround time(years) to profitability? The loopholes have been properly sorted and everyone involved was sent home... @winston months, not years.. KQ bottom line shall be black this H1 COOP, IMH, KEGN, KQ, MTNU
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Rank: Elder Joined: 9/20/2015 Posts: 2,811 Location: Mombasa
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obiero wrote:maka wrote:winston wrote:obiero wrote:ArrestedDev wrote:maka wrote:Shak wrote:maka wrote:https://www.cnyakundi.com/2017/07/09/corporate-thieves-how-ruiru-sports-club-golf-captain-githinji-itegi-looted-kenya-airways/ Reading that felt like a muchene session. I couldn't even finish it Despite the irrelevant personal issues...the story is true... All the findings are in the forensic report. What Nyakundi has written in the article is factual and even the personal issues brings out the lifestyle audit. It reinforces the findings already with KQ. The second investigation by CID/EACC should be a lifestyle audit to corrobate the forensic audit and then arraign him in Court but this is Kenya. Mbuvi and Mbugua were also involved especially in signing off documents for KQ to transact with Dubai bank. Ngunze has a brother in Commercial Bank of Africa. The reason why he signed off for KQ to deal with Dubai Bank without even reaching out to his brother tells you alot. Why a low ranking Bank was selected to do business with KQ remains a misery. The signatories only knows the answer. When the forensic report was finally tabled before the Audit committee at the board level, it was very clear Ngunze was either involved or there was professiobal negligence on his part. MJ then turned around and asked him to exit the stage. Yaliyo ndwele sipite. New CEO, new Chairman, new Equity. The Pride of Africa @obiero - True. But they must fix the internal control loopholes/weaknesses...or else someone will repeat the looting again...a repeated history can be very harsh. For the optimists...what's KQ's estimated turnaround time(years) to profitability? The loopholes have been properly sorted and everyone involved was sent home... @winston months, not years.. KQ bottom line shall be black this H1 https://www.standardmedi...mmercial-bank-for-sh100
In similar way, can KQ as a whole airline be bought kes 100? John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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