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Kenya Airways...why ignore..
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VituVingiSana
#5801 Posted : Friday, September 30, 2016 6:43:39 PM
Rank: Chief


Joined: 1/3/2007
Posts: 18,265
Location: Nairobi
obiero wrote:
ArrestedDev wrote:
maka wrote:
And on pilots leaving the number will hit 150+ come December so many resignations have checked in...Lets not even talk about engineers.


The pilots are aware that the continued lack of a strong management with the right skill set will lead to the airline going under.


Up 6% today.. Why isn't the share respecting @vvs wise counsel


"There's a Sucker Born Every Minute" David Hannum, in regard to one of Barnum's hoaxes: a replica of the Cardiff Giant. d'oh! d'oh! d'oh!
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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maka
#5802 Posted : Friday, September 30, 2016 6:48:12 PM
Rank: Elder


Joined: 4/22/2010
Posts: 11,522
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Kesho 5 planes don't have Captains guys have been called from leave....tafakari hayo. ..
possunt quia posse videntur
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obiero
#5803 Posted : Friday, September 30, 2016 7:14:07 PM
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Joined: 6/23/2009
Posts: 13,972
Location: nairobi

KQ ABP 4.48; MTN ABP 5.20
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VituVingiSana
#5804 Posted : Friday, September 30, 2016 7:15:45 PM
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Joined: 1/3/2007
Posts: 18,265
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#TeamMafisi Applause Applause Applause http://nairobinews.natio...rned-sh1m-to-passenger/

BTW, has MJ been "elected" to the Board? I thought there were just 2 positions to be filled with 3 candidates i.e. MJ, Thugge and Nyakera. Since the latter 2 are GoK appointees with seats given to MinFin and MinTrans, how will MJ prevail?
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Spikes
#5805 Posted : Friday, September 30, 2016 7:33:26 PM
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Joined: 9/20/2015
Posts: 2,811
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obiero wrote:



PPT! bidii nayo?
John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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jawgey
#5806 Posted : Friday, September 30, 2016 7:37:13 PM
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Joined: 1/13/2014
Posts: 397
Location: Denmark
VituVingiSana wrote:
#TeamMafisi Applause Applause Applause http://nairobinews.natio...rned-sh1m-to-passenger/

BTW, has MJ been "elected" to the Board? I thought there were just 2 positions to be filled with 3 candidates i.e. MJ, Thugge and Nyakera. Since the latter 2 are GoK appointees with seats given to MinFin and MinTrans, how will MJ prevail?

It's true. Even the ballot paper was misleading because it indicated you select only two. But from the talk it's like we had 3 elective positions. There was a guy who even complained that he was being coerced to vote for the three.
Seeing is believing
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obiero
#5807 Posted : Friday, September 30, 2016 8:38:54 PM
Rank: Elder


Joined: 6/23/2009
Posts: 13,972
Location: nairobi
jawgey wrote:
VituVingiSana wrote:
#TeamMafisi Applause Applause Applause http://nairobinews.natio...rned-sh1m-to-passenger/

BTW, has MJ been "elected" to the Board? I thought there were just 2 positions to be filled with 3 candidates i.e. MJ, Thugge and Nyakera. Since the latter 2 are GoK appointees with seats given to MinFin and MinTrans, how will MJ prevail?

It's true. Even the ballot paper was misleading because it indicated you select only two. But from the talk it's like we had 3 elective positions. There was a guy who even complained that he was being coerced to vote for the three.

Vincent Rague did not offer himself for re-election

KQ ABP 4.48; MTN ABP 5.20
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maka
#5808 Posted : Friday, September 30, 2016 9:22:59 PM
Rank: Elder


Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
maka wrote:
VituVingiSana wrote:
maka wrote:
VituVingiSana wrote:
"...As I sat at the Kigali Airport departure lodge waiting for the delayed Kenya Airways flight" http://www.businessdaily...tem-1-g9ue0p/index.html >>> The new normal.


Like now one dreamliner is stuck at Hanoi 3 days now....231 passengers do the math on HOTAC.Crazy....
Details? Where are the pax?

And then "More than 60 pilots quit national carrier Kenya Airways for greener pastures in rival Middle East airlines in the past year, the company’s management said."
http://www.businessdaily...9660-91oshpz/index.html

As for the "new" investors... Even Ngunze says that's some time away. If it happens.

“We are talking to three or four parties and that is not an exclusive group. We are, however, not at the point of shareholding,” he said.


Some hotel in Hanoi spare part probably being taken today...@Obiero...1 word processes...Yves last year had gotten in touch with an Indian based company called ITG they are the ones who handle KLM disruptions and rebook passengers...as usual the idea was turned down same old same old hakuna pesa bla bla bla...funny thing is the cost of 1/4 of the disruptions would have paid for the services of the Indian firm...now you have staff who would have been doing something else running around sorting the issue...disgruntled passengers...crazy losses due to HOTAC...if theye have to send another plane to sort the guys out...the bags will have to be brought later that's how Hanoi works...expenses...expenses....expenses...disruptions are unforeseeable but how you handle them goes a long way into showing what kind of airline you are...the other interesting thing NO director has taken up the matter shows you the calibre of leadership that is in that company.Yves is sorely missed...il repeat again he should have been made MD...



possunt quia posse videntur
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Spikes
#5809 Posted : Friday, September 30, 2016 11:00:41 PM
Rank: Elder


Joined: 9/20/2015
Posts: 2,811
Location: Mombasa
http://www.standardmedia...rm-sh2-3b-in-six-months

Now it is evident Ngunze is completely incompetent and that real KQ shafter is Mckinsey. A staggering Kshs 2.3B paid to US Mckinsey in six months. Nonsense! What cost cutting service aka turnaround are these US lunatics offering to KQ that corrupt Kenyans can't afford to sort out themselves? Wait on November 2016 H1 loss is most likely to tripple despite sale of assets cosmetics. 50CENTS is the bottom for this stock.
John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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VituVingiSana
#5810 Posted : Friday, September 30, 2016 11:55:41 PM
Rank: Chief


Joined: 1/3/2007
Posts: 18,265
Location: Nairobi
So much drama at KQ
http://www.standardmedia...s-without-contract-audit
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Kausha
#5811 Posted : Saturday, October 01, 2016 8:06:46 AM
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Joined: 2/8/2007
Posts: 808
Yves was trying to salvage some pride out of this chaotic institution. Still SMH in wonderment how do yqou pay McKinley $23m to tell you how to do your job?

At KQ the management has failed and should raise their hand and salvage the little left of their reputations by doing the honourable thing. Roho juu antiques that oh we will turn things around is a bit too late and will only damage their careers and reputations. Based on what I have witnessed KQ needs a reboot. Their planes are full on key routes but still not making money? Tells me the management got no clue about their business. Ama they borrow Bwana Ohana.
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VituVingiSana
#5812 Posted : Saturday, October 01, 2016 8:18:18 AM
Rank: Chief


Joined: 1/3/2007
Posts: 18,265
Location: Nairobi
@Kausha - KQ can buy [with all the cash GoK & Afrexim is giving them] KK for 30bn [20/- a share].

KQ would get a firm that makes 4.5bn in PBT, unencumbered assets, minimal debt and Ohana.

No, I do not want a share swap but want cash! No KQ shares for my KK shares!
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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ArrestedDev
#5813 Posted : Saturday, October 01, 2016 9:19:06 AM
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Joined: 5/29/2016
Posts: 898
Location: Nairobi
Spikes wrote:
http://www.standardmedia.co.ke/mobile/article/2000217965/how-loss-making-kq-paid-firm-sh2-3b-in-six-months

Now it is evident Ngunze is completely incompetent and that real KQ shafter is Mckinsey. A staggering Kshs 2.3B paid to US Mckinsey in six months. Nonsense! What cost cutting service aka turnaround are these US lunatics offering to KQ that corrupt Kenyans can't afford to sort out themselves? Wait on November 2016 H1 loss is most likely to tripple despite sale of assets cosmetics. 50CENTS is the bottom for this stock.


Finally someone with a brain in KQ finance have leaked the full payment history. I have always said here that Ngunze with his other bunch of directors are incompetent. If nothing is done this Airline is going to collapse. The full year results will shock some of you especially @obiero.

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ArrestedDev
#5814 Posted : Saturday, October 01, 2016 9:26:52 AM
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Joined: 5/29/2016
Posts: 898
Location: Nairobi
Kausha wrote:
Yves was trying to salvage some pride out of this chaotic institution. Still SMH in wonderment how do yqou pay McKinley $23m to tell you how to do your job?

At KQ the management has failed and should raise their hand and salvage the little left of their reputations by doing the honourable thing. Roho juu antiques that oh we will turn things around is a bit too late and will only damage their careers and reputations. Based on what I have witnessed KQ needs a reboot. Their planes are full on key routes but still not making money? Tells me the management got no clue about their business. Ama they borrow Bwana Ohana.


None of them will raise his hand. Ngunze should have left long ago for someone else with fresh thinking to take over.
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maka
#5815 Posted : Saturday, October 01, 2016 9:28:47 AM
Rank: Elder


Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
ArrestedDev wrote:
Spikes wrote:
http://www.standardmedia.co.ke/mobile/article/2000217965/how-loss-making-kq-paid-firm-sh2-3b-in-six-months

Now it is evident Ngunze is completely incompetent and that real KQ shafter is Mckinsey. A staggering Kshs 2.3B paid to US Mckinsey in six months. Nonsense! What cost cutting service aka turnaround are these US lunatics offering to KQ that corrupt Kenyans can't afford to sort out themselves? Wait on November 2016 H1 loss is most likely to tripple despite sale of assets cosmetics. 50CENTS is the bottom for this stock.


Finally someone with a brain in KQ finance have leaked the full payment history. I have always said here that Ngunze with his other bunch of directors are incompetent. If nothing is done this Airline is going to collapse. The full year results will shock some of you especially @obiero.



Haven't even read the article yet...the idea was Mckinsey should come up with revenue generating initiatives and get paid out of the revenue that comes from them...It would have been easier to appoint an MD who is conversant with airline matters they would have never spent all this cash...2.3B crazy....when they can't even pay suppliers...EABL had refused to supply liquor some time last week...,
possunt quia posse videntur
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ArrestedDev
#5816 Posted : Saturday, October 01, 2016 9:31:16 AM
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Joined: 5/29/2016
Posts: 898
Location: Nairobi
[quote=VituVingiSana]So much drama at KQ
http://www.standardmedia...-without-contract-audit[/quote]

Another totally incompetent and corrupt character planted in KQ by Titus Naikuni is the the Marketing director.. He should be sacked like yesterday.
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ArrestedDev
#5817 Posted : Saturday, October 01, 2016 9:43:14 AM
Rank: Member


Joined: 5/29/2016
Posts: 898
Location: Nairobi
maka wrote:
ArrestedDev wrote:
Spikes wrote:
http://www.standardmedia.co.ke/mobile/article/2000217965/how-loss-making-kq-paid-firm-sh2-3b-in-six-months

Now it is evident Ngunze is completely incompetent and that real KQ shafter is Mckinsey. A staggering Kshs 2.3B paid to US Mckinsey in six months. Nonsense! What cost cutting service aka turnaround are these US lunatics offering to KQ that corrupt Kenyans can't afford to sort out themselves? Wait on November 2016 H1 loss is most likely to tripple despite sale of assets cosmetics. 50CENTS is the bottom for this stock.


Finally someone with a brain in KQ finance have leaked the full payment history. I have always said here that Ngunze with his other bunch of directors are incompetent. If nothing is done this Airline is going to collapse. The full year results will shock some of you especially @obiero.



Haven't even read the article yet...the idea was Mckinsey should come up with revenue generating initiatives and get paid out of the revenue that comes from them...It would have been easier to appoint an MD who is conversant with airline matters they would have never spent all this cash...2.3B crazy....when they can't even pay suppliers...EABL had refused to supply liquor some time last week...,


It is evident how the whole idea of bringing in the consultant was ill-conceived. The initiatives will take a very long time to generate revenue yet payments to the consultant falls due very fast hence impacting the alreadfy bad cashflow situation.
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ArrestedDev
#5818 Posted : Saturday, October 01, 2016 10:07:35 AM
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Joined: 5/29/2016
Posts: 898
Location: Nairobi
maka wrote:
Kesho 5 planes don't have Captains guys have been called from leave....tafakari hayo. ..


And it is going to get worse with the massive resignations. I will not be surprised if they have not advertised positions for pilots.The guys earlier send home at 6
0 should be recalled and recertified on the type with shortages, otherwise delays and cancellations will continue to be the order of the day.
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obiero
#5819 Posted : Saturday, October 01, 2016 10:25:44 AM
Rank: Elder


Joined: 6/23/2009
Posts: 13,972
Location: nairobi
I agree with all of negative sentiments. However why is the KQ share rising. Up 24% in 3 weeks

KQ ABP 4.48; MTN ABP 5.20
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Spikes
#5820 Posted : Saturday, October 01, 2016 10:40:34 AM
Rank: Elder


Joined: 9/20/2015
Posts: 2,811
Location: Mombasa
obiero wrote:
I agree with all of negative sentiments. However why is the KQ share rising



Novice speculators in play but as bitter revelations have begun to surface, normalcy shall be restored by printing a new 52wks low record. Those who bought high yesterday didn't have this info now it has been made public a rapid nosedive is inevitable.
John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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