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Kenya Airways...why ignore..
Rank: Member Joined: 9/16/2006 Posts: 228
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obiero;what is your advise on KQ remember your slogan that it will make people rich.is it the opposite “I don’t regret the things I’ve done, I regret the things I didn’t do when I had the chance.”
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Rank: Elder Joined: 6/2/2011 Posts: 4,818 Location: -1.2107, 36.8831
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obiero wrote:naikuni is a rotten man Agreed. Hiyo appointment of Tom Odongo, haileti shangwe hata kidogo! Receive with simplicity everything that happens to you.” ― Rashi
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Rank: Veteran Joined: 11/15/2013 Posts: 1,977 Location: Here
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stockshunter wrote:Boris Boyka wrote:obiero wrote:kenya airways, time to sell? @obiero are you adding it to your list as Nyaikuni is burning ppls fingers? proverbs 24:7 a wise man changes his mind, a fool does not. I like another version of the same; Only a fool doesn't change his mind. @stockshunter I need obiero to support his statement based on short and long terms,is it for a lower re entry? + those who got it at "higher" prices... Everybody STEALS, a THIEF is one who's CAUGHT stealing something of LITTLE VALUE. !!!
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Rank: Member Joined: 9/16/2006 Posts: 228
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was he misleading us so that he can sell or what did he mean. “I don’t regret the things I’ve done, I regret the things I didn’t do when I had the chance.”
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Rank: Elder Joined: 6/2/2011 Posts: 4,818 Location: -1.2107, 36.8831
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uchumi wrote:was he misleading us so that he can sell or what did he mean. Thats why i have said, i am saying and i will keeping saying, READ ALL ADVISES YOU CAN GET, BUT NEVER FORGET TO DO YOUR OWN RESEARCH. Receive with simplicity everything that happens to you.” ― Rashi
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Rank: New-farer Joined: 1/10/2014 Posts: 39
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I dont believe i this notion that Naikuni is the problem. The airline business itself is just tough and highly volatile. The history of the airline business is fraught with several bankruptcies - I would refer you to PanAm, American Airlines etc Naikuni has really grown the organisation since he joined many years ago. "When a manager with a reputation of brilliance meets a bad business, it is the reputation of the business that survives" - Warren Buffett Proprietor, Ngamia Holdings Limited
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Rank: Elder Joined: 6/23/2009 Posts: 13,497 Location: nairobi
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Kibunda wrote:I dont believe i this notion that Naikuni is the problem. The airline business itself is just tough and highly volatile. The history of the airline business is fraught with several bankruptcies - I would refer you to PanAm, American Airlines etc Naikuni has really grown the organisation since he joined many years ago.
"When a manager with a reputation of brilliance meets a bad business, it is the reputation of the business that survives" - Warren Buffett @kibunda do you know that for every one airline to have gone wound up atleast ten banks have done the same.. Further to this, some airlines have been through hard times but have persisted a la Qatar, Ethiopian, British, Kenya Airways! @boris, uchumi, dunkang et al.. i posed a question. it was not a statement. my portfolio as well known here at wazua, contains coop, kq, bok, kegn, kcb
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Elder Joined: 6/23/2009 Posts: 13,497 Location: nairobi
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Ethiopian HIJACK RT @paiute023: RT @gulf_news: Update: #Hijacker arrested after #EthiopianAirlines plane forced to land at #Geneva Airport http://t.co/cwV5Cf4MPr
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: New-farer Joined: 1/10/2014 Posts: 39
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obiero wrote:Kibunda wrote:I dont believe i this notion that Naikuni is the problem. The airline business itself is just tough and highly volatile. The history of the airline business is fraught with several bankruptcies - I would refer you to PanAm, American Airlines etc Naikuni has really grown the organisation since he joined many years ago.
"When a manager with a reputation of brilliance meets a bad business, it is the reputation of the business that survives" - Warren Buffett @kibunda do you know that for every one airline to have gone wound up atleast ten banks have done the same.. Further to this, some airlines have been through hard times but have persisted a la Qatar, Ethiopian, British, Kenya Airways! @boris, uchumi, dunkang et al.. i posed a question. it was not a statement. my portfolio as well known here at wazua, contains coop, kq, bok, kegn, kcb @obiero, you raise good points. Infact you reinforce my point that the captain has managed to keep the vessel afloat. Proprietor, Ngamia Holdings Limited
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Rank: Elder Joined: 6/23/2009 Posts: 13,497 Location: nairobi
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Kibunda wrote:obiero wrote:Kibunda wrote:I dont believe i this notion that Naikuni is the problem. The airline business itself is just tough and highly volatile. The history of the airline business is fraught with several bankruptcies - I would refer you to PanAm, American Airlines etc Naikuni has really grown the organisation since he joined many years ago.
"When a manager with a reputation of brilliance meets a bad business, it is the reputation of the business that survives" - Warren Buffett @kibunda do you know that for every one airline to have gone wound up atleast ten banks have done the same.. Further to this, some airlines have been through hard times but have persisted a la Qatar, Ethiopian, British, Kenya Airways! @boris, uchumi, dunkang et al.. i posed a question. it was not a statement. my portfolio as well known here at wazua, contains coop, kq, bok, kegn, kcb @obiero, you raise good points. Infact you reinforce my point that the captain has managed to keep the vessel afloat. this is kenya. here, some bad leaders thrive mainly coz the country has a never die attitude. who can explain 27 years under Moi. or why eveready is still trading
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Elder Joined: 6/23/2009 Posts: 13,497 Location: nairobi
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mawingu dream on course.. www.businessdailyafrica....1/-/8jdtu2z/-/index.html
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Chief Joined: 1/3/2007 Posts: 18,095 Location: Nairobi
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obiero wrote:naikuni is a rotten man #Eureka #Revelation What happened? Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Chief Joined: 1/3/2007 Posts: 18,095 Location: Nairobi
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Kibunda wrote:I dont believe i this notion that Naikuni is the problem. The airline business itself is just tough and highly volatile. The history of the airline business is fraught with several bankruptcies - I would refer you to PanAm, American Airlines etc Naikuni has really grown the organisation since he joined many years ago.
"When a manager with a reputation of brilliance meets a bad business, it is the reputation of the business that survives" - Warren Buffett While you quote Buffett, remember he also said do not sacrifice profits for growth just for the sake of growth. So TN has really grown the organization? What was the NAV/share when he started out? What is it today? His drive to grow the fiefdom [he has no shares just a salary, perks and bonuses] has destroyed shareholder wealth. When you give someone a few billions to begin with as TN was given [a healthy cashflow positive airline], they can keep the firm afloat until the money is exhausted. Then KES 14bn 2 years ago. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 6/23/2009 Posts: 13,497 Location: nairobi
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VituVingiSana wrote:obiero wrote:naikuni is a rotten man #Eureka #Revelation What happened? haha. vvs, bado niko. the old man is on his way out and even today i have bought five thousand kq shares. this thing will make me rich
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: New-farer Joined: 1/10/2014 Posts: 39
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VituVingiSana wrote:Kibunda wrote:I dont believe i this notion that Naikuni is the problem. The airline business itself is just tough and highly volatile. The history of the airline business is fraught with several bankruptcies - I would refer you to PanAm, American Airlines etc Naikuni has really grown the organisation since he joined many years ago.
"When a manager with a reputation of brilliance meets a bad business, it is the reputation of the business that survives" - Warren Buffett While you quote Buffett, remember he also said do not sacrifice profits for growth just for the sake of growth. So TN has really grown the organization? What was the NAV/share when he started out? What is it today? His drive to grow the fiefdom [he has no shares just a salary, perks and bonuses] has destroyed shareholder wealth. When you give someone a few billions to begin with as TN was given [a healthy cashflow positive airline], they can keep the firm afloat until the money is exhausted. Then KES 14bn 2 years ago. Look here, my point is this is a highly volatile industry. This is a fact that is known worldwide. You cant just blame the CEO when there are factors beyond his control. Did he cause the Arab spring? - no he didnt! Does he determine world oil prices? - no he doesnt! Is he the cause of the delay of delivery of Boeing 787s? - no he isnt! As regards, ownership of shares. I agree with you that it is never a good sign when key management doesnt own stock - that much i agree. But isnt this just an indicator of the managers view of the prospects of the business or does it point towards poor leadership? Do you personally own stock in the company you work for? If not, does that mean you are incompetent? Everyone has the freedom to choose how to invest their money - provided it is legal. Proprietor, Ngamia Holdings Limited
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Rank: Elder Joined: 6/2/2011 Posts: 4,818 Location: -1.2107, 36.8831
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West African bloc plans new airline launch in 2015 Receive with simplicity everything that happens to you.” ― Rashi
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Rank: Chief Joined: 1/3/2007 Posts: 18,095 Location: Nairobi
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Kibunda wrote:VituVingiSana wrote:Kibunda wrote:I dont believe i this notion that Naikuni is the problem. The airline business itself is just tough and highly volatile. The history of the airline business is fraught with several bankruptcies - I would refer you to PanAm, American Airlines etc Naikuni has really grown the organisation since he joined many years ago.
"When a manager with a reputation of brilliance meets a bad business, it is the reputation of the business that survives" - Warren Buffett While you quote Buffett, remember he also said do not sacrifice profits for growth just for the sake of growth. So TN has really grown the organization? What was the NAV/share when he started out? What is it today? His drive to grow the fiefdom [he has no shares just a salary, perks and bonuses] has destroyed shareholder wealth. When you give someone a few billions to begin with as TN was given [a healthy cashflow positive airline], they can keep the firm afloat until the money is exhausted. Then KES 14bn 2 years ago. Look here, my point is this is a highly volatile industry. This is a fact that is known worldwide. You cant just blame the CEO when there are factors beyond his control. Did he cause the Arab spring? - no he didnt! Does he determine world oil prices? - no he doesnt! Is he the cause of the delay of delivery of Boeing 787s? - no he isnt! As regards, ownership of shares. I agree with you that it is never a good sign when key management doesnt own stock - that much i agree. But isnt this just an indicator of the managers view of the prospects of the business or does it point towards poor leadership? Do you personally own stock in the company you work for? If not, does that mean you are incompetent? Everyone has the freedom to choose how to invest their money - provided it is legal. In an industry or sector such as this one, do NOT build a fiefdom [as the non-shareholders TN & the Board] that cannot be sustained profitably. TN & friends [the Board Members have very few, if any, shares in their personal capacity. In other words, they have the gain, just no pain] started on an unsustainable debt-fueled expansion strategy. When the going got tough [profits plunged] they opted for a massive Rights Issue [16 for 5] at a HUGE discount [66%] to NAV [NAV of 50 & Rights at 14] thereby destroying existing shareholder value. If the prospects of the industry are poor, then why ask Shareholders to pump in more cash, when you [TN, et al] does NOT believe in the firm or prospects? There is no law or requirement to own shares in the firm BUT there's a underlying ethical issue or one of 'confidence'. Compare the performance of the firm [not the shares] of Safaricom [after BC bought shares], KCB [after MOO bought shares], ScanGroup [see how BT has grown the firm & expanded its capital without a Rights Issue], ARM [18% owner, PP, has grown the firm without diluting the existing shareholders by issuing Convertible Debt, etc], Equity [JM sold 25% of Equity at the market price. Brilliant move. And owns 5% of the bank], etc... Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 6/23/2009 Posts: 13,497 Location: nairobi
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all this is simple intellectual dialogue.. fact is, naikuni is rotten in that he is a dictator who does not consider anyones opinion. do wazuans know its hedging that mainly led to the huge losses and that this company ordinarily should not report a loss since it is a monopoly in a regional hub frequented by many air travellers. his word is law and that is why he publicly undressed a senior manager over a rather petty issue. even the court's alluded to this fact when they reinstated the sacked workers. all in all, he has done fairly well but KQ will be much better without him
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Veteran Joined: 11/15/2013 Posts: 1,977 Location: Here
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obiero wrote:all this is simple intellectual dialogue.. fact is, naikuni is rotten in that he is a dictator who does not consider anyones opinion. do wazuans know its hedging that mainly led to the huge losses and that this company ordinarily should not report a loss since it is a monopoly in a regional hub frequented by many air travellers. his word is law and that is why he publicly undressed a senior manager over a rather petty issue. even the court's alluded to this fact when they reinstated the sacked workers. all in all, he has done fairly well but KQ will be much better without him @ Obiero " this company ordinarily should not report a loss since it is a monopoly in a regional hub frequented by many air travellers." True to it and I suspect cooking of figures amongst other things. Everybody STEALS, a THIEF is one who's CAUGHT stealing something of LITTLE VALUE. !!!
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Rank: Elder Joined: 6/23/2009 Posts: 13,497 Location: nairobi
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Boris Boyka wrote:obiero wrote:all this is simple intellectual dialogue.. fact is, naikuni is rotten in that he is a dictator who does not consider anyones opinion. do wazuans know its hedging that mainly led to the huge losses and that this company ordinarily should not report a loss since it is a monopoly in a regional hub frequented by many air travellers. his word is law and that is why he publicly undressed a senior manager over a rather petty issue. even the court's alluded to this fact when they reinstated the sacked workers. all in all, he has done fairly well but KQ will be much better without him @ Obiero " this company ordinarily should not report a loss since it is a monopoly in a regional hub frequented by many air travellers." True to it and I suspect cooking of figures amongst other things. before @guru says that kq is not a monopoly. the word has been used here loosely and not in its strict sense
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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