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Kenya Airways...why ignore..
Rank: Elder Joined: 6/23/2009 Posts: 13,790 Location: nairobi
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Spikes wrote:obiero wrote:sparkly wrote:obiero wrote:Sober wrote:I don't trust stocks that trade at a price lower than IPO one... Neither do I, but the market does not care about our trivialities.. Last boarding call on KQ for 2017 Triviality when discussing KQ but big deal when discussing HAL. This is a very sound approach. I repeat, one KQ engine could buy out the whole of HAL and leave some change to buy some MUMIAS as well as UCHUMI.. KQ is a big deal. Would Michael Joseph ever join the board of HAL? For a turnaround yes! 23 days to go. Last boarding call issued.. Watch and learn
COOP 255,000 ABP 15.85; IMH 5,000 ABP 35.55; KQ 604,200 ABP 6.96; MTN 23,800 ABP 5.20
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Rank: Chief Joined: 1/3/2007 Posts: 18,225 Location: Nairobi
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obiero wrote:sparkly wrote:obiero wrote:Sober wrote:I don't trust stocks that trade at a price lower than IPO one... Neither do I, but the market does not care about our trivialities.. Last boarding call on KQ for 2017 Triviality when discussing KQ but big deal when discussing HAL. This is a very sound approach. I repeat, one KQ engine could buy out the whole of HAL and leave some change to buy some MUMIAS as well as UCHUMI.. KQ is a big deal. Would Michael Joseph ever join the board of HAL? Who owns that engine? KQ or the bank, financier, GoK, AfDB? Only 39bn in the hole. KK's one liter of petrol is worth 39bn more than the shareholder funds of KQ. 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: 13,790 Location: nairobi
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VituVingiSana wrote:obiero wrote:sparkly wrote:obiero wrote:Sober wrote:I don't trust stocks that trade at a price lower than IPO one... Neither do I, but the market does not care about our trivialities.. Last boarding call on KQ for 2017 Triviality when discussing KQ but big deal when discussing HAL. This is a very sound approach. I repeat, one KQ engine could buy out the whole of HAL and leave some change to buy some MUMIAS as well as UCHUMI.. KQ is a big deal. Would Michael Joseph ever join the board of HAL? Who owns that engine? KQ or the bank, financier, GoK, AfDB? Only 39bn in the hole. KK's one liter of petrol is worth 39bn more than the shareholder funds of KQ. That's the past.. We cannot judge you by the tight trousers you used to wear in high school. Wait for the full year results
COOP 255,000 ABP 15.85; IMH 5,000 ABP 35.55; KQ 604,200 ABP 6.96; MTN 23,800 ABP 5.20
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Rank: Chief Joined: 1/3/2007 Posts: 18,225 Location: Nairobi
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obiero wrote:VituVingiSana wrote:obiero wrote:sparkly wrote:obiero wrote:Sober wrote:I don't trust stocks that trade at a price lower than IPO one... Neither do I, but the market does not care about our trivialities.. Last boarding call on KQ for 2017 Triviality when discussing KQ but big deal when discussing HAL. This is a very sound approach. I repeat, one KQ engine could buy out the whole of HAL and leave some change to buy some MUMIAS as well as UCHUMI.. KQ is a big deal. Would Michael Joseph ever join the board of HAL? Who owns that engine? KQ or the bank, financier, GoK, AfDB? Only 39bn in the hole. KK's one liter of petrol is worth 39bn more than the shareholder funds of KQ. That's the past.. We cannot judge you by the tight trousers you used to wear in high school. Wait for the full year results It's nowadays the trousers feel tight with all the goodies that I can afford coz of a healthy dividend from KK. KK made more profits on 6 March 2017 (just one day) than KQ will make for FY 2016-17. BTW, I like MJ and he will help stabilize KQ but he should have replaced Evanson Mwaniki as soon as the first loss was announced. MJ could save KQ but for existing shareholders it is going to be a long haul. I estimate 6 years unless GoK converts debt into shares like it did in KPLC and NBK or a Strategic Investor is found who will help paybdown the debt e.g. CDC IN ARM or creditors take a haircut. Good luck. And if you can pay cash, KK will be happy to sell you jet fuel. 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: 13,790 Location: nairobi
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VituVingiSana wrote:obiero wrote:VituVingiSana wrote:obiero wrote:sparkly wrote:obiero wrote:Sober wrote:I don't trust stocks that trade at a price lower than IPO one... Neither do I, but the market does not care about our trivialities.. Last boarding call on KQ for 2017 Triviality when discussing KQ but big deal when discussing HAL. This is a very sound approach. I repeat, one KQ engine could buy out the whole of HAL and leave some change to buy some MUMIAS as well as UCHUMI.. KQ is a big deal. Would Michael Joseph ever join the board of HAL? Who owns that engine? KQ or the bank, financier, GoK, AfDB? Only 39bn in the hole. KK's one liter of petrol is worth 39bn more than the shareholder funds of KQ. That's the past.. We cannot judge you by the tight trousers you used to wear in high school. Wait for the full year results It's nowadays the trousers feel tight with all the goodies that I can afford coz of a healthy dividend from KK. KK made more profits on 6 March 2017 (just one day) than KQ will make for FY 2016-17. BTW, I like MJ and he will help stabilize KQ but he should have replaced Evanson Mwaniki as soon as the first loss was announced. MJ could save KQ but for existing shareholders it is going to be a long haul. I estimate 6 years unless GoK converts debt into shares like it did in KPLC and NBK or a Strategic Investor is found who will help paybdown the debt e.g. CDC IN ARM or creditors take a haircut. Good luck. And if you can pay cash, KK will be happy to sell you jet fuel. Good luck too.. Let us take this ride on the rally of a lifetime
COOP 255,000 ABP 15.85; IMH 5,000 ABP 35.55; KQ 604,200 ABP 6.96; MTN 23,800 ABP 5.20
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Rank: Elder Joined: 6/23/2009 Posts: 13,790 Location: nairobi
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Amazing! This year, good news shall follow us http://www.businessdaily...44192-6pg79lz/index.html
COOP 255,000 ABP 15.85; IMH 5,000 ABP 35.55; KQ 604,200 ABP 6.96; MTN 23,800 ABP 5.20
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Rank: Chief Joined: 1/3/2007 Posts: 18,225 Location: Nairobi
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2 years to get to this ruling... Unions need to be brought to heel. They want all the gains & none of the pain. Everybody but the shareholders benefitted from KQ. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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Crazy stories about how Revenue management guys were stealing...some even had a parallel ticketing system ...crazy. possunt quia posse videntur
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Rank: Elder Joined: 6/23/2009 Posts: 13,790 Location: nairobi
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VituVingiSana wrote:2 years to get to this ruling... Unions need to be brought to heel. They want all the gains & none of the pain. Everybody but the shareholders benefitted from KQ. Better late than never
COOP 255,000 ABP 15.85; IMH 5,000 ABP 35.55; KQ 604,200 ABP 6.96; MTN 23,800 ABP 5.20
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Rank: Elder Joined: 6/23/2009 Posts: 13,790 Location: nairobi
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maka wrote:Crazy stories about how Revenue management guys were stealing...some even had a parallel ticketing system ...crazy. We agreed with unison here that the losses were man made.. KQ should never have reported a loss in the first place.. Plain thuggery happened
COOP 255,000 ABP 15.85; IMH 5,000 ABP 35.55; KQ 604,200 ABP 6.96; MTN 23,800 ABP 5.20
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Rank: Chief Joined: 1/3/2007 Posts: 18,225 Location: Nairobi
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Why would KQ sell & then lease back aircraft for 18 months when they will be scrapped after the lease expires? http://m.atwonline.com/l...sale-and-leaseback-deal
Why even sell them? Selling them means a commission was paid. Then leasing them back means another fee is paid. Lease payments include financing costs. Finally when scrapped, KQ might get nothing. Couldn't KQ sweat the aircraft over 2 years before scrapping them? Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Member Joined: 8/27/2015 Posts: 138 Location: Harare
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VituVingiSana wrote:Why would KQ sell & then lease back aircraft for 18 months when they will be scrapped after the lease expires? http://m.atwonline.com/l...sale-and-leaseback-deal
Why even sell them? Selling them means a commission was paid. Then leasing them back means another fee is paid. Lease payments include financing costs. Finally when scrapped, KQ might get nothing. Couldn't KQ sweat the aircraft over 2 years before scrapping them? Financial engineering 101 through lease accounting. Investment philosophy development in progress...
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Rank: Elder Joined: 6/23/2009 Posts: 13,790 Location: nairobi
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alotoftalk wrote:VituVingiSana wrote:Why would KQ sell & then lease back aircraft for 18 months when they will be scrapped after the lease expires? http://m.atwonline.com/l...sale-and-leaseback-deal
Why even sell them? Selling them means a commission was paid. Then leasing them back means another fee is paid. Lease payments include financing costs. Finally when scrapped, KQ might get nothing. Couldn't KQ sweat the aircraft over 2 years before scrapping them? Financial engineering 101 through lease accounting. Some people are beyond redemption
COOP 255,000 ABP 15.85; IMH 5,000 ABP 35.55; KQ 604,200 ABP 6.96; MTN 23,800 ABP 5.20
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Rank: Veteran Joined: 8/30/2007 Posts: 1,558 Location: Nairobi
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obiero wrote:alotoftalk wrote:VituVingiSana wrote:Why would KQ sell & then lease back aircraft for 18 months when they will be scrapped after the lease expires? http://m.atwonline.com/l...sale-and-leaseback-deal
Why even sell them? Selling them means a commission was paid. Then leasing them back means another fee is paid. Lease payments include financing costs. Finally when scrapped, KQ might get nothing. Couldn't KQ sweat the aircraft over 2 years before scrapping them? Financial engineering 101 through lease accounting. Some people are beyond redemption https://beta.theglobeand....com&service=mobile
So Air Canada doing something similar and turning a profit. Only difference is these are B787s vs B737
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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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Rank: Elder Joined: 12/4/2009 Posts: 10,778 Location: NAIROBI
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obiero wrote:alotoftalk wrote:VituVingiSana wrote:Why would KQ sell & then lease back aircraft for 18 months when they will be scrapped after the lease expires? http://m.atwonline.com/l...sale-and-leaseback-deal
Why even sell them? Selling them means a commission was paid. Then leasing them back means another fee is paid. Lease payments include financing costs. Finally when scrapped, KQ might get nothing. Couldn't KQ sweat the aircraft over 2 years before scrapping them? Financial engineering 101 through lease accounting. Some people are beyond redemption @VVS Obiero is a see no evil and hear no evil. Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 6/23/2009 Posts: 13,790 Location: nairobi
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Ericsson wrote:obiero wrote:alotoftalk wrote:VituVingiSana wrote:Why would KQ sell & then lease back aircraft for 18 months when they will be scrapped after the lease expires? http://m.atwonline.com/l...sale-and-leaseback-deal
Why even sell them? Selling them means a commission was paid. Then leasing them back means another fee is paid. Lease payments include financing costs. Finally when scrapped, KQ might get nothing. Couldn't KQ sweat the aircraft over 2 years before scrapping them? Financial engineering 101 through lease accounting. Some people are beyond redemption @VVS Obiero is a see no evil and hear no evil. The shuttles were a bad idea.. I said it right here
COOP 255,000 ABP 15.85; IMH 5,000 ABP 35.55; KQ 604,200 ABP 6.96; MTN 23,800 ABP 5.20
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Rank: Chief Joined: 1/3/2007 Posts: 18,225 Location: Nairobi
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Horton wrote:obiero wrote:alotoftalk wrote:VituVingiSana wrote:Why would KQ sell & then lease back aircraft for 18 months when they will be scrapped after the lease expires? http://m.atwonline.com/l...sale-and-leaseback-deal
Why even sell them? Selling them means a commission was paid. Then leasing them back means another fee is paid. Lease payments include financing costs. Finally when scrapped, KQ might get nothing. Couldn't KQ sweat the aircraft over 2 years before scrapping them? Financial engineering 101 through lease accounting. Some people are beyond redemption https://beta.theglobeand....com&service=mobile
So Air Canada doing something similar and turning a profit. Only difference is these are B787s vs B737 The 787s are new aircraft and have another 15 yrs life. These 737s are almost dead. The article says they will be retired/scrapped after KQ is done ie in 18 months. 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: 13,790 Location: nairobi
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VituVingiSana wrote:Horton wrote:obiero wrote:alotoftalk wrote:VituVingiSana wrote:Why would KQ sell & then lease back aircraft for 18 months when they will be scrapped after the lease expires? http://m.atwonline.com/l...sale-and-leaseback-deal
Why even sell them? Selling them means a commission was paid. Then leasing them back means another fee is paid. Lease payments include financing costs. Finally when scrapped, KQ might get nothing. Couldn't KQ sweat the aircraft over 2 years before scrapping them? Financial engineering 101 through lease accounting. Some people are beyond redemption https://beta.theglobeand....com&service=mobile
So Air Canada doing something similar and turning a profit. Only difference is these are B787s vs B737 The 787s are new aircraft and have another 15 yrs life. These 737s are almost dead. The article says they will be retired/scrapped after KQ is done ie in 18 months. So let me understand.. You would have preferred that KQ holds on to the depreciating craft for an extra 2 years so that they sell at a total loss and at the same time, keep incurring finance costs
COOP 255,000 ABP 15.85; IMH 5,000 ABP 35.55; KQ 604,200 ABP 6.96; MTN 23,800 ABP 5.20
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Rank: Elder Joined: 3/2/2009 Posts: 26,330 Location: Masada
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obiero wrote:VituVingiSana wrote:Horton wrote:obiero wrote:alotoftalk wrote:VituVingiSana wrote:Why would KQ sell & then lease back aircraft for 18 months when they will be scrapped after the lease expires? http://m.atwonline.com/l...sale-and-leaseback-deal
Why even sell them? Selling them means a commission was paid. Then leasing them back means another fee is paid. Lease payments include financing costs. Finally when scrapped, KQ might get nothing. Couldn't KQ sweat the aircraft over 2 years before scrapping them? Financial engineering 101 through lease accounting. Some people are beyond redemption https://beta.theglobeand....com&service=mobile
So Air Canada doing something similar and turning a profit. Only difference is these are B787s vs B737 The 787s are new aircraft and have another 15 yrs life. These 737s are almost dead. The article says they will be retired/scrapped after KQ is done ie in 18 months. So let me understand.. You would have preferred that KQ holds on to the depreciating craft for an extra 2 years so that they sell at a total loss and at the same time, keep incurring finance costs You don't need to explain some facts to some people. Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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