Kq share price goes below sh.5

Sub 2 bob on the way.

I feel sad and sorry for the KQ board and management, Ngunze was hounded out in a huff and now the people are demanding for more heads to roll. Everyone in the streets including hawkers, news anchors, politicians, cobblers and @vvs seem to imagine that they have better ability to successfully turn around KQ than Sebastian and Michael.. For sure the next CEO will struggle, based on overall negative energy circumstances. As often stated here, 30% of KQ staff must be culled to get a culture shift. The problem with KQ is thug like organizational culture supported by a blind KAWU & KALPA, not fundamentals of finance

I am not investing in airline companies since many years. I don’t think that it is sustainable business considering high amount of low cost companies who are taking whole market. On the other side, price of oil is also killer of profitability for air company, so no money there

Old KQ should be taken out into the yard and shot dead.
Let a New KQ arise. MJ, SM, Ohana & @VVS can run it.
Take only the assets (& associated liabilities) that are needed.
Fire all the staff. Hire only those New KQ needs and wants.
Let the creditors take a haircut. Yes, even KQLC. GoK should make good on the guarantees.
The shareholders will be wiped out lakini shauri yao. Watu wapambane na hali yao.
The creditors will own New KQ.

Let the New KQ rise like the Phoenix. Let it expand sensibly. Profitably. Over time, without the burdens of Old KQ, it can focus on PERFORMANCE and not PR, paid Wazuans, tenderpreneurs, Freeloaders, etc.

In the future the creditors can sell off their shares in New KQ. Or get dividends. This will mitigate their losses in Old KQ.