Wazua
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Kenya Airways...why ignore..
Rank: Elder Joined: 6/23/2009 Posts: 14,217 Location: nairobi
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Live at the EGM.. It's full house the great Mbuvi Ngunze, Sebastian Mikosz & Michael Joseph all in attendance.. It's the first time MJ is facing the shareholders of KQ
KQ ABP 4.26
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Rank: Member Joined: 9/14/2011 Posts: 869 Location: nairobi
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http://www.businessdaily...7366-13sgd5w/index.html
Several bankers have indeed pushed back on this arrangement, arguing that they are being forced to get into an arranged marriage with a partner they did not necessarily find attractive. Ecobank, Equity Bank and Jamii Bora — who are collectively owed Sh6.4 billion or 13 per cent of the outstanding debt — have differed with their peers and the government on the negotiation table. Equity, a tier-one bank, went as far as hiring a consultant to undertake a review of the airline, with a specific brief to interrogate the soundness of the scheme options presented. The consultant’s verdict was harsh. “ The restructuring does not improve the cash generation through enhanced operations or introduce new cash into the company,” the report, which the Business Daily has seen, states. “ It only alleviates prospective cash payments that would become due from the government and the banks. The restructuring buys KQ time by kicking the can down the road as opposed to resolving the underlying issues in the company.”
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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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heri wrote:http://www.businessdailyafrica.com/corporate/companies/Project-Safari-Inside-KQ-intricate-rescue-plan/4003102-4047366-13sgd5w/index.html
Several bankers have indeed pushed back on this arrangement, arguing that they are being forced to get into an arranged marriage with a partner they did not necessarily find attractive.
Ecobank, Equity Bank and Jamii Bora — who are collectively owed Sh6.4 billion or 13 per cent of the outstanding debt — have differed with their peers and the government on the negotiation table.
Equity, a tier-one bank, went as far as hiring a consultant to undertake a review of the airline, with a specific brief to interrogate the soundness of the scheme options presented. The consultant’s verdict was harsh.
“The restructuring does not improve the cash generation through enhanced operations or introduce new cash into the company,” the report, which the Business Daily has seen, states.
“It only alleviates prospective cash payments that would become due from the government and the banks. The restructuring buys KQ time by kicking the can down the road as opposed to resolving the underlying issues in the company.” Totally true... possunt quia posse videntur
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Rank: Elder Joined: 6/23/2009 Posts: 14,217 Location: nairobi
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maka wrote:heri wrote:http://www.businessdailyafrica.com/corporate/companies/Project-Safari-Inside-KQ-intricate-rescue-plan/4003102-4047366-13sgd5w/index.html
Several bankers have indeed pushed back on this arrangement, arguing that they are being forced to get into an arranged marriage with a partner they did not necessarily find attractive.
Ecobank, Equity Bank and Jamii Bora — who are collectively owed Sh6.4 billion or 13 per cent of the outstanding debt — have differed with their peers and the government on the negotiation table.
Equity, a tier-one bank, went as far as hiring a consultant to undertake a review of the airline, with a specific brief to interrogate the soundness of the scheme options presented. The consultant’s verdict was harsh.
“The restructuring does not improve the cash generation through enhanced operations or introduce new cash into the company,” the report, which the Business Daily has seen, states.
“It only alleviates prospective cash payments that would become due from the government and the banks. The restructuring buys KQ time by kicking the can down the road as opposed to resolving the underlying issues in the company.” Totally true... Takataka analysis by the Equity consultant
KQ ABP 4.26
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Rank: Veteran Joined: 8/30/2007 Posts: 1,558 Location: Nairobi
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Rank: Elder Joined: 6/23/2009 Posts: 14,217 Location: nairobi
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Horton wrote:Obiero updates? 16th next week, an update of the votes shall be availed, the mood though was very positive. amazingly positive
KQ ABP 4.26
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Rank: Veteran Joined: 8/28/2015 Posts: 1,247
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obiero wrote:maka wrote:heri wrote:http://www.businessdailyafrica.com/corporate/companies/Project-Safari-Inside-KQ-intricate-rescue-plan/4003102-4047366-13sgd5w/index.html
Several bankers have indeed pushed back on this arrangement, arguing that they are being forced to get into an arranged marriage with a partner they did not necessarily find attractive.
Ecobank, Equity Bank and Jamii Bora — who are collectively owed Sh6.4 billion or 13 per cent of the outstanding debt — have differed with their peers and the government on the negotiation table.
Equity, a tier-one bank, went as far as hiring a consultant to undertake a review of the airline, with a specific brief to interrogate the soundness of the scheme options presented. The consultant’s verdict was harsh.
“The restructuring does not improve the cash generation through enhanced operations or introduce new cash into the company,” the report, which the Business Daily has seen, states.
“It only alleviates prospective cash payments that would become due from the government and the banks. The restructuring buys KQ time by kicking the can down the road as opposed to resolving the underlying issues in the company.” Totally true... Takataka analysis by the Equity consultant  whom do you consult for @obiero, kqueer? ,Behold, a sower went forth to sow;....
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Rank: Veteran Joined: 8/30/2007 Posts: 1,558 Location: Nairobi
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obiero wrote:Horton wrote:Obiero updates? 16th next week, an update of the votes shall be availed, the mood though was very positive. amazingly positive Ok good. And was the price stated?
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Rank: Elder Joined: 6/23/2009 Posts: 14,217 Location: nairobi
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Horton wrote:obiero wrote:Horton wrote:Obiero updates? 16th next week, an update of the votes shall be availed, the mood though was very positive. amazingly positive Ok good. And was the price stated? No. Despite prodding, the team was tight lipped but deep arithmetic will guide anyone to the price of KES 1.8 or less
KQ ABP 4.26
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Rank: Veteran Joined: 8/28/2015 Posts: 1,247
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Horton wrote:obiero wrote:Horton wrote:Obiero updates? 16th next week, an update of the votes shall be availed, the mood though was very positive. amazingly positive Ok good. And was the price stated? @Obiero, did you mistype 8.1 for 1.8. This is a dead monkey.   ,Behold, a sower went forth to sow;....
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