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Kenya Airways...why ignore..
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obiero
#9501 Posted : Monday, January 29, 2018 2:19:19 PM
Rank: Elder


Joined: 6/23/2009
Posts: 13,893
Location: nairobi
Pesa Nane wrote:
9500 Posts. KQ is special!

What about the views. Truly special. The Pride of Africa

COOP ABP 15.85; IMH ABP 35.55; KQ ABP 5.75; MTN ABP 5.20
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VituVingiSana
#9502 Posted : Tuesday, January 30, 2018 8:02:26 AM
Rank: Chief


Joined: 1/3/2007
Posts: 18,257
Location: Nairobi
Pesa Nane wrote:
9500 Posts. KQ is special!

One post per KES 10,000,000 of losses!

[The value of KQ has decreased by KES 90bn since 2012. This includes the "P&L losses" as well as balance sheet losses.

KQ owned land at historic cost in 2012 that was revalued and sold. These profits/gains were used to reduce P&L losses. The same with the LHR slots.]

The (real) NAV value of KQ in 2011-12 was much higher than Market Capitalization but today it's the opposite.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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obiero
#9503 Posted : Tuesday, January 30, 2018 9:03:58 AM
Rank: Elder


Joined: 6/23/2009
Posts: 13,893
Location: nairobi
VituVingiSana wrote:
Pesa Nane wrote:
9500 Posts. KQ is special!

One post per KES 10,000,000 of losses!

[The value of KQ has decreased by KES 90bn since 2012. This includes the "P&L losses" as well as balance sheet losses.

KQ owned land at historic cost in 2012 that was revalued and sold. These profits/gains were used to reduce P&L losses. The same with the LHR slots.]

The (real) NAV value of KQ in 2011-12 was much higher than Market Capitalization but today it's the opposite.

There's no progress without effort.. KQ is back from the brink of death

COOP ABP 15.85; IMH ABP 35.55; KQ ABP 5.75; MTN ABP 5.20
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VituVingiSana
#9504 Posted : Tuesday, January 30, 2018 9:48:56 AM
Rank: Chief


Joined: 1/3/2007
Posts: 18,257
Location: Nairobi
obiero wrote:
VituVingiSana wrote:
Pesa Nane wrote:
9500 Posts. KQ is special!

One post per KES 10,000,000 of losses!

[The value of KQ has decreased by KES 90bn since 2012. This includes the "P&L losses" as well as balance sheet losses.

KQ owned land at historic cost in 2012 that was revalued and sold. These profits/gains were used to reduce P&L losses. The same with the LHR slots.]

The (real) NAV value of KQ in 2011-12 was much higher than Market Capitalization but today it's the opposite.

There's no progress without effort.. KQ is back from the brink of death

The best route for KQ would have been to transfer viable assets from the Old KQ to the New KQ under a restructuring process. The staff should have been asked to re-apply with the New KQ [sans the liabilities].

While the creditors pummeled and negotiated with the Old KQ, the New KQ could have taken off without the need for lengthy and convoluted negotiations. The New KQ could have listed and looked for strategic partners.

It's a model that should be used to revive (or bury) many parastatals (or entities in which GoK has significant influence) including Mumias.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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obiero
#9505 Posted : Tuesday, January 30, 2018 9:59:16 AM
Rank: Elder


Joined: 6/23/2009
Posts: 13,893
Location: nairobi
VituVingiSana wrote:
obiero wrote:
VituVingiSana wrote:
Pesa Nane wrote:
9500 Posts. KQ is special!

One post per KES 10,000,000 of losses!

[The value of KQ has decreased by KES 90bn since 2012. This includes the "P&L losses" as well as balance sheet losses.

KQ owned land at historic cost in 2012 that was revalued and sold. These profits/gains were used to reduce P&L losses. The same with the LHR slots.]

The (real) NAV value of KQ in 2011-12 was much higher than Market Capitalization but today it's the opposite.

There's no progress without effort.. KQ is back from the brink of death

The best route for KQ would have been to transfer viable assets from the Old KQ to the New KQ under a restructuring process. The staff should have been asked to re-apply with the New KQ [sans the liabilities].

While the creditors pummeled and negotiated with the Old KQ, the New KQ could have taken off without the need for lengthy and convoluted negotiations. The New KQ could have listed and looked for strategic partners.

It's a model that should be used to revive (or bury) many parastatals (or entities in which GoK has significant influence) including Mumias.

Sounds OK on text but practicality is absent

COOP ABP 15.85; IMH ABP 35.55; KQ ABP 5.75; MTN ABP 5.20
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Ericsson
#9506 Posted : Tuesday, January 30, 2018 11:13:50 AM
Rank: Elder


Joined: 12/4/2009
Posts: 10,786
Location: NAIROBI
obiero wrote:
VituVingiSana wrote:
obiero wrote:
VituVingiSana wrote:
Pesa Nane wrote:
9500 Posts. KQ is special!

One post per KES 10,000,000 of losses!

[The value of KQ has decreased by KES 90bn since 2012. This includes the "P&L losses" as well as balance sheet losses.

KQ owned land at historic cost in 2012 that was revalued and sold. These profits/gains were used to reduce P&L losses. The same with the LHR slots.]

The (real) NAV value of KQ in 2011-12 was much higher than Market Capitalization but today it's the opposite.

There's no progress without effort.. KQ is back from the brink of death

The best route for KQ would have been to transfer viable assets from the Old KQ to the New KQ under a restructuring process. The staff should have been asked to re-apply with the New KQ [sans the liabilities].

While the creditors pummeled and negotiated with the Old KQ, the New KQ could have taken off without the need for lengthy and convoluted negotiations. The New KQ could have listed and looked for strategic partners.

It's a model that should be used to revive (or bury) many parastatals (or entities in which GoK has significant influence) including Mumias.

Sounds OK on text but practicality is absent


True practicality not possible
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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obiero
#9507 Posted : Tuesday, January 30, 2018 11:51:46 AM
Rank: Elder


Joined: 6/23/2009
Posts: 13,893
Location: nairobi
What KQ board and management are currently doing via delay of the Open Offer must be the most unprofessional thing they have ever had to do.. Virtually no trading for the past two months? Of what benefit is it?

COOP ABP 15.85; IMH ABP 35.55; KQ ABP 5.75; MTN ABP 5.20
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Ericsson
#9508 Posted : Tuesday, January 30, 2018 12:57:43 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,786
Location: NAIROBI
obiero wrote:
What KQ board and management are currently doing via delay of the Open Offer must be the most unprofessional thing they have ever had to do.. Virtually no trading for the past two months? Of what benefit is it?


KQ Lenders wamekaa ngumu
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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sparkly
#9509 Posted : Tuesday, January 30, 2018 2:09:52 PM
Rank: Elder


Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
obiero wrote:
What KQ board and management are currently doing via delay of the Open Offer must be the most unprofessional thing they have ever had to do.. Virtually no trading for the past two months? Of what benefit is it?


I am feeling your frustrations
Life is short. Live passionately.
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obiero
#9510 Posted : Tuesday, January 30, 2018 2:10:51 PM
Rank: Elder


Joined: 6/23/2009
Posts: 13,893
Location: nairobi
Ericsson wrote:
obiero wrote:
What KQ board and management are currently doing via delay of the Open Offer must be the most unprofessional thing they have ever had to do.. Virtually no trading for the past two months? Of what benefit is it?


KQ Lenders wamekaa ngumu

KQLC have no hand in it. They already signed an agreement of non participation in the Open Offer. It's the KQ board and management that are dragging their feet for reasons yet to be disclosed

COOP ABP 15.85; IMH ABP 35.55; KQ ABP 5.75; MTN ABP 5.20
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Spikes
#9511 Posted : Tuesday, January 30, 2018 3:28:50 PM
Rank: Elder


Joined: 9/20/2015
Posts: 2,811
Location: Mombasa
obiero wrote:
Ericsson wrote:
obiero wrote:
What KQ board and management are currently doing via delay of the Open Offer must be the most unprofessional thing they have ever had to do.. Virtually no trading for the past two months? Of what benefit is it?


KQ Lenders wamekaa ngumu

KQLC have no hand in it. They already signed an agreement of non participation in the Open Offer. It's the KQ board and management that are dragging their feet for reasons yet to be disclosed


Bailout yourself, pick up the pieces and go on with life!
John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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obiero
#9512 Posted : Tuesday, January 30, 2018 3:52:22 PM
Rank: Elder


Joined: 6/23/2009
Posts: 13,893
Location: nairobi
Spikes wrote:
obiero wrote:
Ericsson wrote:
obiero wrote:
What KQ board and management are currently doing via delay of the Open Offer must be the most unprofessional thing they have ever had to do.. Virtually no trading for the past two months? Of what benefit is it?


KQ Lenders wamekaa ngumu

KQLC have no hand in it. They already signed an agreement of non participation in the Open Offer. It's the KQ board and management that are dragging their feet for reasons yet to be disclosed


Bailout yourself, pick up the pieces and go on with life!

Lol. Like KQ is my life.. Please child

COOP ABP 15.85; IMH ABP 35.55; KQ ABP 5.75; MTN ABP 5.20
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Impunity
#9513 Posted : Wednesday, January 31, 2018 12:35:57 AM
Rank: Elder


Joined: 3/2/2009
Posts: 26,330
Location: Masada
obiero wrote:
What KQ board and management are currently doing via delay of the Open Offer must be the most unprofessional thing they have ever had to do.. Virtually no trading for the past two months? Of what benefit is it?


It's about the political environment currently in the country....just chill a little.
Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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obiero
#9514 Posted : Wednesday, January 31, 2018 10:27:45 AM
Rank: Elder


Joined: 6/23/2009
Posts: 13,893
Location: nairobi
Impunity wrote:
obiero wrote:
What KQ board and management are currently doing via delay of the Open Offer must be the most unprofessional thing they have ever had to do.. Virtually no trading for the past two months? Of what benefit is it?


It's about the political environment currently in the country....just chill a little.

I will chill.. But I believe that locals form the majority of minority shareholders and with the completed restructuring it's unlikely that the Open Offer shall fail.. Highly unlikely unless the ratio is anything less than 3 new shares for each share held and a price above KES 6

COOP ABP 15.85; IMH ABP 35.55; KQ ABP 5.75; MTN ABP 5.20
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maka
#9515 Posted : Wednesday, January 31, 2018 10:50:09 AM
Rank: Elder


Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
This bugger wants to remove Buddy passes... Smh he should go back to Poland.
possunt quia posse videntur
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obiero
#9516 Posted : Wednesday, January 31, 2018 10:58:36 AM
Rank: Elder


Joined: 6/23/2009
Posts: 13,893
Location: nairobi
maka wrote:
This bugger wants to remove Buddy passes... Smh he should go back to Poland.

Hahaha. Sebastian Bugger Mikosz. Best friend to Grandiose Bugger Obiero

COOP ABP 15.85; IMH ABP 35.55; KQ ABP 5.75; MTN ABP 5.20
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maka
#9517 Posted : Wednesday, January 31, 2018 11:07:24 AM
Rank: Elder


Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
obiero wrote:
maka wrote:
This bugger wants to remove Buddy passes... Smh he should go back to Poland.

Hahaha. Sebastian Bugger Mikosz. Best friend to Grandiose Bugger Obiero


Am really annoyed... This is one of the things Ngunze worked on for the employees.
possunt quia posse videntur
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obiero
#9518 Posted : Wednesday, January 31, 2018 11:30:41 AM
Rank: Elder


Joined: 6/23/2009
Posts: 13,893
Location: nairobi
maka wrote:
obiero wrote:
maka wrote:
This bugger wants to remove Buddy passes... Smh he should go back to Poland.

Hahaha. Sebastian Bugger Mikosz. Best friend to Grandiose Bugger Obiero


Am really annoyed... This is one of the things Ngunze worked on for the employees.

@maka the ESOP is better for the company as a reward scheme since if we look at it without emotions buddy passes were even used by non performers

COOP ABP 15.85; IMH ABP 35.55; KQ ABP 5.75; MTN ABP 5.20
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Kusadikika
#9519 Posted : Wednesday, January 31, 2018 5:35:11 PM
Rank: Elder


Joined: 7/22/2008
Posts: 2,716
obiero wrote:
Kusadikika wrote:
Banks always have provisions for bad debts. This is an important thing to remember here because the share price will not depend on any fundamentals in the near term, it will depend on how banks choose to deal with their shares.

A decision to cut losses and get whatever cash they can will will lead to a massive selloff that will drive down share price.

Banks need cash and they are in the business of selling debts every day not sitting and waiting for shares to appreciate. I bet some bankers would be willing to take 50% or less of what they put in if they could get the cash today rather than wait 5 years and hope to recover the whole amount. As soon as serious buyers show up this price will tank precipitously. I hope I am wrong but a steep drop is coming. I am calling a sub 5/= by end of January 2018.

Remember that the banks do not hold the shares as banks but via KQ Lenders Co Ltd with Dr Martin Oduor as the chosen bank representative.. The said company is run by directors via resolutions.. I would love to see any resolution to sell KQ stock at KES 5 while they bought at KES 8.52.. Further the main banks can opt to buy out the leaner ones to stabilize the price.. These are not sheepish shareholders with no clue of what they are doing.. January is not far.. We await your prophesy to materialize


I was wrong. Obiero was right.
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Spikes
#9520 Posted : Wednesday, January 31, 2018 5:39:35 PM
Rank: Elder


Joined: 9/20/2015
Posts: 2,811
Location: Mombasa
Kusadikika wrote:
obiero wrote:
Kusadikika wrote:
Banks always have provisions for bad debts. This is an important thing to remember here because the share price will not depend on any fundamentals in the near term, it will depend on how banks choose to deal with their shares.

A decision to cut losses and get whatever cash they can will will lead to a massive selloff that will drive down share price.

Banks need cash and they are in the business of selling debts every day not sitting and waiting for shares to appreciate. I bet some bankers would be willing to take 50% or less of what they put in if they could get the cash today rather than wait 5 years and hope to recover the whole amount. As soon as serious buyers show up this price will tank precipitously. I hope I am wrong but a steep drop is coming. I am calling a sub 5/= by end of January 2018.

Remember that the banks do not hold the shares as banks but via KQ Lenders Co Ltd with Dr Martin Oduor as the chosen bank representative.. The said company is run by directors via resolutions.. I would love to see any resolution to sell KQ stock at KES 5 while they bought at KES 8.52.. Further the main banks can opt to buy out the leaner ones to stabilize the price.. These are not sheepish shareholders with no clue of what they are doing.. January is not far.. We await your prophesy to materialize


I was wrong. Obiero was right.


He was right by sheer coincidence!
John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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