Wazua
»
Investor
»
Stocks
»
Kenya Airways...why ignore..
Rank: Elder Joined: 6/23/2009 Posts: 14,217 Location: nairobi
|
maka wrote:chiaroscuro wrote:maka wrote:maka wrote:hardwood wrote:Interesting. About 100 passengers are accommodated in the hotel each day... Daily Nation wrote:The total number of guests who have been provided with accommodation on account of delays stood at 19,345 for the seven months, or an average of 2,764 per month, haemorrhaging a carrier that has been struggling to stay afloat for many years. I don't have a problem with this the cost is actually factored in on the ticket price most of the time ... Are there avoidable situations definitely... This is honestly a non issue, the media should focus on more serious issues not this... 100 *4500 = 450,000. Actually the only problem I have with this is that KQ hasn't been paying on time so the bills have been accumulating... It's not something new to find a hotel being owed 10 m plus... So you are given piecemeal cash to reduce the total bill esp when you complain. What do you expect when current assets are sh28bn against current liabilities of sh131bn? I wouldn't supply KQ with anything unless they paid in advance! Now that last year results are out and we are through with HY can I post the schedule of how much they owe to various entities? That is impunity bro.. Wacha kiherehere.. Impairment losses are the real culprit in H1. KQ is a going concern on dedicated GoK life support no matter how badly we want it to die, it will live
KQ ABP 4.26
|
|
|
Rank: Elder Joined: 6/23/2009 Posts: 14,217 Location: nairobi
|
chiaroscuro wrote:maka wrote:maka wrote:hardwood wrote:Interesting. About 100 passengers are accommodated in the hotel each day... Daily Nation wrote:The total number of guests who have been provided with accommodation on account of delays stood at 19,345 for the seven months, or an average of 2,764 per month, haemorrhaging a carrier that has been struggling to stay afloat for many years. I don't have a problem with this the cost is actually factored in on the ticket price most of the time ... Are there avoidable situations definitely... This is honestly a non issue, the media should focus on more serious issues not this... 100 *4500 = 450,000. Actually the only problem I have with this is that KQ hasn't been paying on time so the bills have been accumulating... It's not something new to find a hotel being owed 10 m plus... So you are given piecemeal cash to reduce the total bill esp when you complain. What do you expect when current assets are sh28bn against current liabilities of sh131bn? I wouldn't supply KQ with anything unless they paid in advance! Wewe kukoriko.. You want to lie that KQ has assets worth KES 28B only.. That is the cost of only one B787 plane boss
KQ ABP 4.26
|
|
|
Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
|
VituVingiSana wrote:maka wrote:chiaroscuro wrote:maka wrote:maka wrote:hardwood wrote:Interesting. About 100 passengers are accommodated in the hotel each day... Daily Nation wrote:The total number of guests who have been provided with accommodation on account of delays stood at 19,345 for the seven months, or an average of 2,764 per month, haemorrhaging a carrier that has been struggling to stay afloat for many years. I don't have a problem with this the cost is actually factored in on the ticket price most of the time ... Are there avoidable situations definitely... This is honestly a non issue, the media should focus on more serious issues not this... 100 *4500 = 450,000. Actually the only problem I have with this is that KQ hasn't been paying on time so the bills have been accumulating... It's not something new to find a hotel being owed 10 m plus... So you are given piecemeal cash to reduce the total bill esp when you complain. What do you expect when current assets are sh28bn against current liabilities of sh131bn? I wouldn't supply KQ with anything unless they paid in advance! Now that last year results are out and we are through with HY can I post the schedule of how much they owe to various entities? YES You have bail money?Or you will be bringing me mkate na soda kila siku at Industrial area...@Obiero has them let him post....  possunt quia posse videntur
|
|
|
Rank: Elder Joined: 6/23/2009 Posts: 14,217 Location: nairobi
|
maka wrote:VituVingiSana wrote:maka wrote:chiaroscuro wrote:maka wrote:maka wrote:hardwood wrote:Interesting. About 100 passengers are accommodated in the hotel each day... Daily Nation wrote:The total number of guests who have been provided with accommodation on account of delays stood at 19,345 for the seven months, or an average of 2,764 per month, haemorrhaging a carrier that has been struggling to stay afloat for many years. I don't have a problem with this the cost is actually factored in on the ticket price most of the time ... Are there avoidable situations definitely... This is honestly a non issue, the media should focus on more serious issues not this... 100 *4500 = 450,000. Actually the only problem I have with this is that KQ hasn't been paying on time so the bills have been accumulating... It's not something new to find a hotel being owed 10 m plus... So you are given piecemeal cash to reduce the total bill esp when you complain. What do you expect when current assets are sh28bn against current liabilities of sh131bn? I wouldn't supply KQ with anything unless they paid in advance! Now that last year results are out and we are through with HY can I post the schedule of how much they owe to various entities? YES You have bail money?Or you will be bringing me mkate na soda kila siku at Industrial area...@Obiero has them let him post.... Mimi siwapatii hawa watu information yoyote, hizi siri ni kali bro.. By the way many thanks for making me think through my KQ holding. By now I would have easily have gone above 500K shares if it wasn't for your data, that kept my brakes on.. I had fallen in love with the stock, and it turned around on me and almost finished me man. I am forever indebted
KQ ABP 4.26
|
|
|
Rank: Veteran Joined: 2/2/2012 Posts: 1,134 Location: Nairobi
|
obiero wrote:chiaroscuro wrote:maka wrote:maka wrote:hardwood wrote:Interesting. About 100 passengers are accommodated in the hotel each day... Daily Nation wrote:The total number of guests who have been provided with accommodation on account of delays stood at 19,345 for the seven months, or an average of 2,764 per month, haemorrhaging a carrier that has been struggling to stay afloat for many years. I don't have a problem with this the cost is actually factored in on the ticket price most of the time ... Are there avoidable situations definitely... This is honestly a non issue, the media should focus on more serious issues not this... 100 *4500 = 450,000. Actually the only problem I have with this is that KQ hasn't been paying on time so the bills have been accumulating... It's not something new to find a hotel being owed 10 m plus... So you are given piecemeal cash to reduce the total bill esp when you complain. What do you expect when current assets are sh28bn against current liabilities of sh131bn? I wouldn't supply KQ with anything unless they paid in advance! Wewe kukoriko.. You want to lie that KQ has assets worth KES 28B only.. That is the cost of only one B787 plane boss This is the problem with many people: they only look at one side of the financial equation - assets. Allow me to illustrate with a true story that happened three decades ago. A wealthy man died and left behind two legal wives - no dispute about their wife status. Wife A had been closely involved in the business affairs of the man so she knew the financial position quite well. Wife B was a shags house-wife. Only knew that her husband "owned a lot of property". In particular, she really admired a newly built office block in town. When the man died, she put her foot down and insisted that all she wants is the office block - hizo zingine za zamani mnaweza kaa nazo! WIfe A agreed to the demands and handed over all paperwork and related documents for this property. One month later, the bank that had financed the construction came for its monthly installment. Guess what? There wasn't enough money in the account from all the rent to cover the payment! By the end of the year after taking over, the office block was auctioned. ===== This the same kind of thinking that people have been applying to KQ. Looking at the assets and ignoring the [much greater] liabilities. * * * * To @Obiero: I am shocked that you don't know the meaning of "current assets". KQ's aeroplanes are NOT current assets. They are "fixed assets" - even though they move all over the world, they still remain "fixed assets" because the company is not in the business of selling aeroplanes! Current assets are cash at hand + cash equivalents + payments expected to be RECEIVED withing 12 months. Current liabilities are payments expected to be MADE within the coming 12 months.
|
|
|
Rank: Chief Joined: 1/3/2007 Posts: 18,347 Location: Nairobi
|
maka wrote:VituVingiSana wrote:maka wrote:chiaroscuro wrote:maka wrote:maka wrote:hardwood wrote:Interesting. About 100 passengers are accommodated in the hotel each day... Daily Nation wrote:The total number of guests who have been provided with accommodation on account of delays stood at 19,345 for the seven months, or an average of 2,764 per month, haemorrhaging a carrier that has been struggling to stay afloat for many years. I don't have a problem with this the cost is actually factored in on the ticket price most of the time ... Are there avoidable situations definitely... This is honestly a non issue, the media should focus on more serious issues not this... 100 *4500 = 450,000. Actually the only problem I have with this is that KQ hasn't been paying on time so the bills have been accumulating... It's not something new to find a hotel being owed 10 m plus... So you are given piecemeal cash to reduce the total bill esp when you complain. What do you expect when current assets are sh28bn against current liabilities of sh131bn? I wouldn't supply KQ with anything unless they paid in advance! Now that last year results are out and we are through with HY can I post the schedule of how much they owe to various entities? YES You have bail money?Or you will be bringing me mkate na soda kila siku at Industrial area...@Obiero has them let him post.... Which soda do you take? Bread: Ennsvalley Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
|
|
|
Rank: Chief Joined: 1/3/2007 Posts: 18,347 Location: Nairobi
|
obiero wrote:maka wrote:VituVingiSana wrote:maka wrote:chiaroscuro wrote:maka wrote:maka wrote:hardwood wrote:Interesting. About 100 passengers are accommodated in the hotel each day... Daily Nation wrote:The total number of guests who have been provided with accommodation on account of delays stood at 19,345 for the seven months, or an average of 2,764 per month, haemorrhaging a carrier that has been struggling to stay afloat for many years. I don't have a problem with this the cost is actually factored in on the ticket price most of the time ... Are there avoidable situations definitely... This is honestly a non issue, the media should focus on more serious issues not this... 100 *4500 = 450,000. Actually the only problem I have with this is that KQ hasn't been paying on time so the bills have been accumulating... It's not something new to find a hotel being owed 10 m plus... So you are given piecemeal cash to reduce the total bill esp when you complain. What do you expect when current assets are sh28bn against current liabilities of sh131bn? I wouldn't supply KQ with anything unless they paid in advance! Now that last year results are out and we are through with HY can I post the schedule of how much they owe to various entities? YES You have bail money?Or you will be bringing me mkate na soda kila siku at Industrial area...@Obiero has them let him post.... Mimi siwapatii hawa watu information yoyote, hizi siri ni kali bro.. By the way many thanks for making me think through my KQ holding. By now I would have easily have gone above 500K shares if it wasn't for your data, that kept my brakes on.. I had fallen in love with the stock, and it turned around on me and almost finished me man. I am forever indebted  The true spirit of Wazua Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
|
|
|
Rank: Veteran Joined: 4/23/2014 Posts: 931
|
KAA chief executive Jonny Anderson in shock resignation https://www-businessdail...4558-bp5brv%2Findex.html“You can get in way more trouble with a good idea than a bad idea, because you forget that the good idea has limits.” - Ben Graham
|
|
|
Rank: Elder Joined: 6/23/2009 Posts: 14,217 Location: nairobi
|
chiaroscuro wrote:obiero wrote:chiaroscuro wrote:maka wrote:maka wrote:hardwood wrote:Interesting. About 100 passengers are accommodated in the hotel each day... Daily Nation wrote:The total number of guests who have been provided with accommodation on account of delays stood at 19,345 for the seven months, or an average of 2,764 per month, haemorrhaging a carrier that has been struggling to stay afloat for many years. I don't have a problem with this the cost is actually factored in on the ticket price most of the time ... Are there avoidable situations definitely... This is honestly a non issue, the media should focus on more serious issues not this... 100 *4500 = 450,000. Actually the only problem I have with this is that KQ hasn't been paying on time so the bills have been accumulating... It's not something new to find a hotel being owed 10 m plus... So you are given piecemeal cash to reduce the total bill esp when you complain. What do you expect when current assets are sh28bn against current liabilities of sh131bn? I wouldn't supply KQ with anything unless they paid in advance! Wewe kukoriko.. You want to lie that KQ has assets worth KES 28B only.. That is the cost of only one B787 plane boss This is the problem with many people: they only look at one side of the financial equation - assets. Allow me to illustrate with a true story that happened three decades ago. A wealthy man died and left behind two legal wives - no dispute about their wife status. Wife A had been closely involved in the business affairs of the man so she knew the financial position quite well. Wife B was a shags house-wife. Only knew that her husband "owned a lot of property". In particular, she really admired a newly built office block in town. When the man died, she put her foot down and insisted that all she wants is the office block - hizo zingine za zamani mnaweza kaa nazo! WIfe A agreed to the demands and handed over all paperwork and related documents for this property. One month later, the bank that had financed the construction came for its monthly installment. Guess what? There wasn't enough money in the account from all the rent to cover the payment! By the end of the year after taking over, the office block was auctioned. ===== This the same kind of thinking that people have been applying to KQ. Looking at the assets and ignoring the [much greater] liabilities. * * * * To @Obiero: I am shocked that you don't know the meaning of "current assets". KQ's aeroplanes are NOT current assets. They are "fixed assets" - even though they move all over the world, they still remain "fixed assets" because the company is not in the business of selling aeroplanes! Current assets are cash at hand + cash equivalents + payments expected to be RECEIVED withing 12 months. Current liabilities are payments expected to be MADE within the coming 12 months. Thank you for the 'free education' on current asset definition. I owe you my life because of that.. So, now in your world, the negative equity of KQ has been calculated minus the fixed assets? And that when selling off the company, the planes would not count for anything?
KQ ABP 4.26
|
|
|
Rank: Chief Joined: 1/3/2007 Posts: 18,347 Location: Nairobi
|
Leased planes belong to the Lessor. Once the lease is up they are returned to the Lessor. The purchased planes "belong" to KQ but if they have a loan against them, as is likely the case, then upon a sale, the lenders get paid off first. Under most SPV structures, the lenders have the rights to the "title" of the plane as long as KQ owes them money. If KQ owns any planes outright i.e. without encumbrances then the net proceeds will come to KQ but given it has many other debts, the cash will probably used to pay off other creditors eg members of KQLC like the banks or other creditors. If KQ, the company, is sold, by the shareholders, then the planes and loans go with it. When Rubis bought out KK, it also took over the assets and liabilities. Therefore, one can't sell the planes, under the SPVs, and not pay off the associated loans. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
|
|
|
Wazua
»
Investor
»
Stocks
»
Kenya Airways...why ignore..
Forum Jump
You cannot post new topics in this forum.
You cannot reply to topics in this forum.
You cannot delete your posts in this forum.
You cannot edit your posts in this forum.
You cannot create polls in this forum.
You cannot vote in polls in this forum.
|