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Kenya Airways...why ignore..
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obiero
#12311 Posted : Wednesday, May 01, 2019 12:30:18 AM
Rank: Elder

Joined: 6/23/2009
Posts: 14,216
Location: nairobi
VituVingiSana wrote:
obiero wrote:
VituVingiSana wrote:
obiero wrote:
VituVingiSana wrote:
If not for my indirect holdings in KQ, this would not bother me.
Unfortunately, unlike Uchumi, I have a much larger stake in KQ by virtue of 1/50,000,000th of Treasury's stake and a much larger stake or % in KQLC.

KQLC has not only got shares in KQ but a huge loan exposure. GoK is not great about paying on guarantees.

Whereas I wish KQ well, I hope it doesn't return to KQLC or GoK for another bailout.

GoK debt remains significant in KQ books. A second restructuring maybe? Incase KAA takeover fails, that will be their only option

Unless KQ files for bankruptcy, as I think it should, another financial restructuring is likely.
The much vaunted KQ-KAA tie-up is a mere band-aid.

KQLC members need to get realistic and provide for the non-guaranteed portions of the loans as well as 100% of the shares.
KQLC can still look in on KQ as well as remain on the board. I do that with ARM. I follow the happenings on ARM but it is fully provided for.
Realism. Prudence.

The only Prudence name I know about is Bushnell.. We are turning this thing around with or without JKIA. Remember KQ is a turnaround stock meant only for persons who can afford to forfeit their investment
The Taxpayer can't afford to lose any more money in KQ.

I already told you that I spoke to the president.. Await Pkosing report

KQ ABP 4.26
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obiero
#12312 Posted : Wednesday, May 01, 2019 6:46:58 AM
Rank: Elder

Joined: 6/23/2009
Posts: 14,216
Location: nairobi

KQ ABP 4.26
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Ericsson
#12313 Posted : Wednesday, May 01, 2019 7:38:30 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
obiero wrote:
VituVingiSana wrote:
obiero wrote:
VituVingiSana wrote:
obiero wrote:
VituVingiSana wrote:
If not for my indirect holdings in KQ, this would not bother me.
Unfortunately, unlike Uchumi, I have a much larger stake in KQ by virtue of 1/50,000,000th of Treasury's stake and a much larger stake or % in KQLC.

KQLC has not only got shares in KQ but a huge loan exposure. GoK is not great about paying on guarantees.

Whereas I wish KQ well, I hope it doesn't return to KQLC or GoK for another bailout.

GoK debt remains significant in KQ books. A second restructuring maybe? Incase KAA takeover fails, that will be their only option

Unless KQ files for bankruptcy, as I think it should, another financial restructuring is likely.
The much vaunted KQ-KAA tie-up is a mere band-aid.

KQLC members need to get realistic and provide for the non-guaranteed portions of the loans as well as 100% of the shares.
KQLC can still look in on KQ as well as remain on the board. I do that with ARM. I follow the happenings on ARM but it is fully provided for.
Realism. Prudence.

The only Prudence name I know about is Bushnell.. We are turning this thing around with or without JKIA. Remember KQ is a turnaround stock meant only for persons who can afford to forfeit their investment
The Taxpayer can't afford to lose any more money in KQ.

Balance sheet anyone with a copy

I already told you that I spoke to the president.. Await Pkosing report

Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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obiero
#12314 Posted : Wednesday, May 01, 2019 7:53:10 AM
Rank: Elder

Joined: 6/23/2009
Posts: 14,216
Location: nairobi
Happy labour day to every diligent and industrious laborer

KQ ABP 4.26
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Ebenyo
#12315 Posted : Wednesday, May 01, 2019 10:51:51 AM
Rank: Veteran

Joined: 4/4/2016
Posts: 2,016
Location: Kitale
obiero wrote:
Happy labour day to every diligent and industrious laborer





Good pic.But they need to work hard and convert the current 7.5 billion loss into profit.
Towards the goal of financial freedom
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maka
#12316 Posted : Wednesday, May 01, 2019 11:01:05 AM
Rank: Elder

Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
https://www.businessdail...twitter_impression=true


ION the Board has made a decision to let go of all guys seconded by KLM.... Raj... Jan et al....
possunt quia posse videntur
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obiero
#12317 Posted : Wednesday, May 01, 2019 11:41:11 AM
Rank: Elder

Joined: 6/23/2009
Posts: 14,216
Location: nairobi
maka wrote:
https://www.businessdailyafrica.com/corporate/companies/Direct-US-flights-struggle-as-KQ/4003102-5094942-view-asAMP-ibgcq7z/index.html?__twitter_impression=true


ION the Board has made a decision to let go of all guys seconded by KLM.... Raj... Jan et al....

By the way you need to be sincere with your information at what point was Musila let go while we were together at Ole Sereni during the breakfast brief

KQ ABP 4.26
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ArrestedDev
#12318 Posted : Wednesday, May 01, 2019 3:10:34 PM
Rank: Member

Joined: 5/29/2016
Posts: 898
Location: Nairobi
maka wrote:
https://www.businessdailyafrica.com/corporate/companies/Direct-US-flights-struggle-as-KQ/4003102-5094942-view-asAMP-ibgcq7z/index.html?__twitter_impression=true


ION the Board has made a decision to let go of all guys seconded by KLM.... Raj... Jan et al....


A very bold move. KAWU's press release though poorly worded showed clearly they take a big junk of the wages.

The parliamentary hearing on the JKIA also brought to light the case as it is with the so-called expatriates.

MJ also made the decision to refund wages earned after the Mps mocked him.
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obiero
#12319 Posted : Wednesday, May 01, 2019 3:15:50 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,216
Location: nairobi
ArrestedDev wrote:
maka wrote:
https://www.businessdailyafrica.com/corporate/companies/Direct-US-flights-struggle-as-KQ/4003102-5094942-view-asAMP-ibgcq7z/index.html?__twitter_impression=true


ION the Board has made a decision to let go of all guys seconded by KLM.... Raj... Jan et al....


A very bold move. KAWU's press release though poorly worded showed clearly they take a big junk of the wages.

The parliamentary hearing on the JKIA also brought to light the case as it is with the so-called expatriates.

MJ also made the decision to refund wages earned after the Mps mocked him.

MPs are soo dirty and then mock MJ.. Unafik kabisa.. He's a class act

KQ ABP 4.26
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ArrestedDev
#12320 Posted : Wednesday, May 01, 2019 3:33:26 PM
Rank: Member

Joined: 5/29/2016
Posts: 898
Location: Nairobi
obiero wrote:
ArrestedDev wrote:
maka wrote:
https://www.businessdailyafrica.com/corporate/companies/Direct-US-flights-struggle-as-KQ/4003102-5094942-view-asAMP-ibgcq7z/index.html?__twitter_impression=true


ION the Board has made a decision to let go of all guys seconded by KLM.... Raj... Jan et al....


A very bold move. KAWU's press release though poorly worded showed clearly they take a big junk of the wages.

The parliamentary hearing on the JKIA also brought to light the case as it is with the so-called expatriates.

MJ also made the decision to refund wages earned after the Mps mocked him.

MPs are soo dirty and then mock MJ.. Unafik kabisa.. He's a class act


Some questions raised were sensible.

@maka, where is the correct link talking about the departure of KLM stooges?
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