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Kenya Airways...why ignore..
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HaMaina
#9491 Posted : Saturday, January 27, 2018 12:16:53 PM
Rank: Veteran

Joined: 4/23/2014
Posts: 931
obiero wrote:
HaMaina wrote:
obiero wrote:
VituVingiSana wrote:
obiero wrote:
maka wrote:
- 12 B...

That's massive can't possibly be the loss before tax. Maximum -7B

There's no loss too massive for KQ...
Losing 7Bn AFTER the loan restructuring?

The restructuring became effective in the last quarter of the revised accounting period for KQ so all effects will carry over to Q1 JAN-MAR 2018 going forward


I thought KQ Q1 was April-June

It was changed at the last AGM


If the agm was on 30th August 2017, then doesn't it mean the earliest any changes to the accounts quarters can be seen is 2019?
“You can get in way more trouble with a good idea than a bad idea, because you forget that the good idea has limits.” - Ben Graham
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obiero
#9492 Posted : Saturday, January 27, 2018 12:39:04 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,213
Location: nairobi
HaMaina wrote:
obiero wrote:
HaMaina wrote:
obiero wrote:
VituVingiSana wrote:
obiero wrote:
maka wrote:
- 12 B...

That's massive can't possibly be the loss before tax. Maximum -7B

There's no loss too massive for KQ...
Losing 7Bn AFTER the loan restructuring?

The restructuring became effective in the last quarter of the revised accounting period for KQ so all effects will carry over to Q1 JAN-MAR 2018 going forward


I thought KQ Q1 was April-June

It was changed at the last AGM


If the agm was on 30th August 2017, then doesn't it mean the earliest any changes to the accounts quarters can be seen is 2019?

It's possible to break the quarters and end the cycle as at 31.12.2017

KQ ABP 4.26
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HaMaina
#9493 Posted : Saturday, January 27, 2018 10:23:57 PM
Rank: Veteran

Joined: 4/23/2014
Posts: 931
obiero wrote:
HaMaina wrote:
obiero wrote:
HaMaina wrote:
obiero wrote:
VituVingiSana wrote:
obiero wrote:
maka wrote:
- 12 B...

That's massive can't possibly be the loss before tax. Maximum -7B

There's no loss too massive for KQ...
Losing 7Bn AFTER the loan restructuring?

The restructuring became effective in the last quarter of the revised accounting period for KQ so all effects will carry over to Q1 JAN-MAR 2018 going forward


I thought KQ Q1 was April-June

It was changed at the last AGM


If the agm was on 30th August 2017, then doesn't it mean the earliest any changes to the accounts quarters can be seen is 2019?

It's possible to break the quarters and end the cycle as at 31.12.2017


In such a case, what happens to the half year July - December ?
“You can get in way more trouble with a good idea than a bad idea, because you forget that the good idea has limits.” - Ben Graham
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obiero
#9494 Posted : Sunday, January 28, 2018 7:10:35 AM
Rank: Elder

Joined: 6/23/2009
Posts: 14,213
Location: nairobi
HaMaina wrote:
obiero wrote:
HaMaina wrote:
obiero wrote:
HaMaina wrote:
obiero wrote:
VituVingiSana wrote:
obiero wrote:
maka wrote:
- 12 B...

That's massive can't possibly be the loss before tax. Maximum -7B

There's no loss too massive for KQ...
Losing 7Bn AFTER the loan restructuring?

The restructuring became effective in the last quarter of the revised accounting period for KQ so all effects will carry over to Q1 JAN-MAR 2018 going forward


I thought KQ Q1 was April-June

It was changed at the last AGM


If the agm was on 30th August 2017, then doesn't it mean the earliest any changes to the accounts quarters can be seen is 2019?

It's possible to break the quarters and end the cycle as at 31.12.2017


In such a case, what happens to the half year July - December ?

It can be declared an overlap with adequate notes on the reason behind the changes. The following paragraphs are taken from the IAS Plus summary of IAS 1

Comparative Information

IAS 1 requires that comparative information shall be disclosed in respect of the previous period for all amounts reported in the financial statements, both face of financial statements and notes, unless another Standard requires otherwise. [IAS 1.36]

If comparative amounts are changed or reclassified, various disclosures are required. [IAS 1.38]

Reporting Period

There is a presumption that financial statements will be prepared at least annually. If the annual reporting period changes and financial statements are prepared for a different period, the enterprise must disclose the reason for the change and a warning about problems of comparability. [IAS 1.49]

KQ ABP 4.26
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muandiwambeu
#9495 Posted : Sunday, January 28, 2018 11:42:16 AM
Rank: Veteran

Joined: 8/28/2015
Posts: 1,247
obiero wrote:
HaMaina wrote:
obiero wrote:
HaMaina wrote:
obiero wrote:
HaMaina wrote:
obiero wrote:
VituVingiSana wrote:
obiero wrote:
maka wrote:
- 12 B...

That's massive can't possibly be the loss before tax. Maximum -7B

There's no loss too massive for KQ...
Losing 7Bn AFTER the loan restructuring?

The restructuring became effective in the last quarter of the revised accounting period for KQ so all effects will carry over to Q1 JAN-MAR 2018 going forward


I thought KQ Q1 was April-June

It was changed at the last AGM


If the agm was on 30th August 2017, then doesn't it mean the earliest any changes to the accounts quarters can be seen is 2019?

It's possible to break the quarters and end the cycle as at 31.12.2017


In such a case, what happens to the half year July - December ?

It can be declared an overlap with adequate notes on the reason behind the changes. The following paragraphs are taken from the IAS Plus summary of IAS 1

Comparative Information

IAS 1 requires that comparative information shall be disclosed in respect of the previous period for all amounts reported in the financial statements, both face of financial statements and notes, unless another Standard requires otherwise. [IAS 1.36]

If comparative amounts are changed or reclassified, various disclosures are required. [IAS 1.38]

Reporting Period

There is a presumption that financial statements will be prepared at least annually. If the annual reporting period changes and financial statements are prepared for a different period, the enterprise must disclose the reason for the change and a warning about problems of comparability. [IAS 1.49]

either acrobatics or contortionist or musketry related words would not miss in describing veracity and velocity of positions taken by you @obiero on this counter. But for sure your ribs and deep pockets won't escape unscathed men.
,Behold, a sower went forth to sow;....
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obiero
#9496 Posted : Sunday, January 28, 2018 1:24:10 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,213
Location: nairobi
@muandiwambeu incase the Open Offer isn't well structured, I shall sell my KQ holding.. My forecast on the same is minimum 3 new shares for each share held, price of course below KES 8.52 as guaranteed in the prior Project Safari circular

KQ ABP 4.26
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VituVingiSana
#9497 Posted : Monday, January 29, 2018 10:29:23 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,346
Location: Nairobi
I see Sebastian is taking on those pesky engineers head on!
https://www.businessdail...2116-6yyhviz/index.html

If one could buy KQ's assets [without the corresponding liabilities] at par and the current management [and re-hire the staff]... then I would look at KQ as being investable. To be clear, it's NOT investable at 15/- coz of legacy debts and staff.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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obiero
#9498 Posted : Monday, January 29, 2018 12:51:24 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,213
Location: nairobi
VituVingiSana wrote:
I see Sebastian is taking on those pesky engineers head on!
https://www.businessdail...2116-6yyhviz/index.html

If one could buy KQ's assets [without the corresponding liabilities] at par and the current management [and re-hire the staff]... then I would look at KQ as being investable. To be clear, it's NOT investable at 15/- coz of legacy debts and staff.

@chief vvs.. Some utopian ideas are relevant on the bitcoin thread.. It's not possible to re-hire everyone.. The few bad apples can be exited

KQ ABP 4.26
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VituVingiSana
#9499 Posted : Monday, January 29, 2018 1:19:52 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,346
Location: Nairobi
obiero wrote:
VituVingiSana wrote:
I see Sebastian is taking on those pesky engineers head on!
https://www.businessdail...2116-6yyhviz/index.html

If one could buy KQ's assets [without the corresponding liabilities] at par and the current management [and re-hire the staff]... then I would look at KQ as being investable. To be clear, it's NOT investable at 15/- coz of legacy debts and staff.

@chief vvs.. Some utopian ideas are relevant on the bitcoin thread.. It's not possible to re-hire everyone.. The few bad apples can be exited


IMHO, the best way forward for KQ and the country [taxpayers] was putting Old KQ into bankruptcy and transferring to New KQ those assets (& corresponding loans) that made sense and re-hire (or hire) staff that weren't stealing... No need to deal with the likes of alex "mwizi" mbugua.

This would have eliminated lots of problems for Sebastian.

The New KQ could have looked for investors including myself!
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Pesa Nane
#9500 Posted : Monday, January 29, 2018 1:51:32 PM
Rank: Elder

Joined: 5/25/2012
Posts: 4,105
Location: 08c
9500 Posts. KQ is special!
Pesa Nane plans to be shilingi when he grows up.
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