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Kenya Airways...why ignore..
Rank: User Joined: 1/20/2014 Posts: 3,528
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sparkly wrote:Gordon Gekko wrote:What further confirmation does one need that the guy is wrong for CEO?
“The board has retained the services of a financial adviser to help re-balance our demand for cash and buy us time to drive the sales we need,” Mr Ngunze said.
Should the focus be balancing books or filling seats? Now selling land. www.businessdailyafrica....42/-/l5qnqr/-/index.html That is what Naikuni's financial advisor has told them to do. Business as usual. Reminds me of Gareth George at KCB....... Formal education will make you a living. Self-education will make you a fortune - Jim Rohn.
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Rank: Elder Joined: 6/23/2009 Posts: 13,477 Location: nairobi
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the land was idle and highly unutilised for many years.. those who live in Nyayo Estate know what im talkin about. its good for KQ to dispose it
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: 7/22/2009 Posts: 7,452
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obiero wrote:the land was idle and highly unutilised for many years.. those who live in Nyayo Estate know what im talkin about. its good for KQ to dispose it No growth envisaged??? Or when that happens they will start buying land again. At what price? Are they going to get such huge tracts in that area? We are not talking about some random land in Kajiado here remember! This is land at the heart of their operations. They are just selling for accounting purposes!!! That's sad! Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
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Rank: Member Joined: 1/10/2015 Posts: 411
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MaichBlack wrote:obiero wrote:the land was idle and highly unutilised for many years.. those who live in Nyayo Estate know what im talkin about. its good for KQ to dispose it ix No growth envisaged??? Or when that happens they will start buying land again. At what price? Are they going to get such huge tracts in that area? We are not talking about some random land in Kajiado here remember! This is land at the heart of their operations. They are just selling for accounting purposes!!! That's sad! Think that is the bedt way forward. Kama hiyo land is not being used imekua ni liability,It's not generating any income Your income is directly related to your philosophy, Not the economy.-Jim Rohn
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Rank: New-farer Joined: 3/1/2014 Posts: 82
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Gordon Gekko wrote:What further confirmation does one need that the guy is wrong for CEO?
“The board has retained the services of a financial adviser to help re-balance our demand for cash and buy us time to drive the sales we need,” Mr Ngunze said.
Should the focus be balancing books or filling seats? The guy is focusing on both. Look at the recent developments. I think return to profitability is coming, but not this year end. “The beauty of success is that it doesn’t matter how many times you have failed, you only have to be right once and then everyone can tell you how lucky you are.” - Mark Cuban
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Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
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obiero wrote:the land was idle and highly unutilised for many years.. those who live in Nyayo Estate know what im talkin about. its good for KQ to dispose it Selling prime land to cushion terrible results is just a bad idea! Mark 12:29
Deuteronomy 4:16
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Rank: Elder Joined: 3/2/2009 Posts: 26,325 Location: Masada
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Gordon Gekko wrote:maka wrote:obiero wrote:Gordon Gekko wrote:This is confirmation that Ngunze was the wrong choice for KQ. http://bit.ly/1KsdQ5i
A sales office in Tea Room, another at the Junction, talk of split personality, lakini nitakufa nayo, my average buy price is shocking. Tema hio mate mbaya! Ngunze is a gift from God It's the traders who requested. Traders requested a ticketing office at Tea Room? Unless it is a cargo centre, they can't walk to Barclay's Plaza to buy a ticket? And how many traders are these to warrant an office? Let us assume a basic office. Rent 20k, manager 100k, 3 x clerks 100k, cleaner 10k, utilities 20k, total 250k. The office needs to generate 250k per month to cover fixed costs. Kwani hawo watu wa Luthuli wanaleta nini? Which manager will take home 100Kpm? Talk of 250K basic plus exciting allowances on the side...we are talking of monthly expenditure of 1 million and above. Biashara ya ndege sio kama ya kuuza samaki, not my words but @Kimunya's!  Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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Rank: Elder Joined: 3/2/2009 Posts: 26,325 Location: Masada
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derick wrote:MaichBlack wrote:obiero wrote:the land was idle and highly unutilised for many years.. those who live in Nyayo Estate know what im talkin about. its good for KQ to dispose it ix No growth envisaged??? Or when that happens they will start buying land again. At what price? Are they going to get such huge tracts in that area? We are not talking about some random land in Kajiado here remember! This is land at the heart of their operations. They are just selling for accounting purposes!!! That's sad! Think that is the bedt way forward. Kama hiyo land is not being used imekua ni liability,It's not generating any income How much were they paying in rates for that parcel of prime plot? And some of the warehouses appear occupied...did someone think deeply in the decision to sell he land? They will buy the same plot 10B shilling in 3 years to come...just wait n see. Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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when mawingu was announced I was one of those who heavily criticised it. KQ debt now stands at 130b!!!! it is the interest payments that are strangling the company and I'm sure it's the reason they are selling the land. to retire some debts. It still will not be enough if mawingu continues as planned. I don't see any change in fortunes in the near future. The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Member Joined: 11/1/2013 Posts: 257
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waiting for it sub 2 we mumias it after a GOK bail out. No diagnosis,no pragnosis,no pragnosis no profit......Jesse livermore
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Rank: Veteran Joined: 8/16/2009 Posts: 994
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Aguytrying wrote:when mawingu was announced I was one of those who heavily criticised it.
KQ debt now stands at 130b!!!! it is the interest payments that are strangling the company and I'm sure it's the reason they are selling the land. to retiroe some debts.
It still will not be enough if mawingu continues as planned. I don't see any change in fortunes in the near future. @aguy I see you hacked it! The sale is all about cashflows. When you need cash badly, it doesn't matter if your cow is just about to give birth. You only have one choice, sell it! KQ is unfortunately in an ugly financial spot and with limited choices. Time is money, so money is time. Money saved is time gained in reverse! Money stores your life’s energy. You expend your energy, get paid money, and store that money for a future purchase made in a currency.
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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guru267 wrote:obiero wrote:the land was idle and highly unutilised for many years.. those who live in Nyayo Estate know what im talkin about. its good for KQ to dispose it Selling prime land to cushion terrible results is just a bad idea! @Obeiro still burying his head under the sand. Life is short. Live passionately.
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Rank: Elder Joined: 6/23/2009 Posts: 13,477 Location: nairobi
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Magnate wrote:waiting for it sub 2 we mumias it after a GOK bail out.
shetani ashindwe
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: 13,477 Location: nairobi
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sparkly wrote:guru267 wrote:obiero wrote:the land was idle and highly unutilised for many years.. those who live in Nyayo Estate know what im talkin about. its good for KQ to dispose it Selling prime land to cushion terrible results is just a bad idea! @Obeiro still burying his head under the sand. im loving the ride, many good things lined up for the pride of africa.. wont go into details coz its been said here before.. expect a tidy profit next year.. im still buying
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: 6/23/2011 Posts: 1,740 Location: Nairobi
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Any one has data on how they have managed operational costs for the last three years ( up/downn, graph etc)
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Rank: Elder Joined: 6/23/2009 Posts: 13,477 Location: nairobi
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Brand New Dreamliner spotted at Heathrow hangar today. Should be in Kenya by tomorrow. Madam Koki will deliver
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Member Joined: 8/27/2010 Posts: 495 Location: Nairobi
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obiero wrote:Brand New Dreamliner spotted at Heathrow hangar today. Should be in Kenya by tomorrow. Madam Koki will deliver ? Next Dreamliner is 5Y-KZG, whose parts are just now arriving in Charleston for assembly. KQ started flying the Dreamliner to London today (19.01.2015). Maybe that's the one there now, leaving back to Nairobi tonight. Sent from my Black Nokia 3310
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Rank: Elder Joined: 6/23/2009 Posts: 13,477 Location: nairobi
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Brand New Dreamliner spotted at Heathrow hangar today. Should be in Kenya by tomorrow. Madam Koki will deliver.. Meanwhile KQ staff have for the first time ever accepted a pay reduction!!!
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: 18,067 Location: Nairobi
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Perhaps KQ will make a Operations Profit in 2H 2014-15. The pay reduction is a good sign. Nevertheless, this doesn't mean I recommend KQ shares. 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: 13,477 Location: nairobi
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VituVingiSana wrote:Perhaps KQ will make a Operations Profit in 2H 2014-15. The pay reduction is a good sign. Nevertheless, this doesn't mean I recommend KQ shares. No profit in h2, but a massive rebound in h1 2015
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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