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Kenya Airways FY 2012/13 after tax loss of 7.8bn

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Gathige		#171 Posted : Friday, August 02, 2013 9:51:39 AM
Rank: Elder Joined: 3/29/2011 Posts: 2,242		guru267 wrote: mwekez@ji wrote: Kenya Airways chiefs take a pay cut Top executives of Kenya Airways recorded a pay cut last year as the national carrier races to recover from tough two years that saw it swing to the biggest loss ever in the history of companies listed on the Nairobi bourse. Details in the national carrier’s annual report show that the annual pay of executive directors dropped to Sh77 million in the year to March from Sh82 million a year earlier. KQ’s annual report lists its executive directors as Titus Naikuni (CEO) and Alex Mbugua (group finance director) —and this means they shared a monthly package of Sh6.41 million, down from last year’s Sh6.83 million. Analysts linked the pay drop to performance-related compensation and tied it to KQ’s earnings for the year ended March 2012 when carrier’s profit dropped 51.4 per cent to Sh1.66 billion. “The pay drop appears to be linked to bonuses rather than the actual pay. It could have something to do with two tough years KQ has faced,” said an analyst at Standard Investment Bank. Titus takes home almost 7million per month They shared so the 6.41 is apportioned btwn the two. Not too bad "Things that matter most must never be at the mercy of things that matter least." Goethe
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Impunity		#172 Posted : Friday, August 02, 2013 10:11:24 AM
Rank: Elder Joined: 3/2/2009 Posts: 26,331 Location: Masada		Gathige wrote: guru267 wrote: mwekez@ji wrote: Kenya Airways chiefs take a pay cut Top executives of Kenya Airways recorded a pay cut last year as the national carrier races to recover from tough two years that saw it swing to the biggest loss ever in the history of companies listed on the Nairobi bourse. Details in the national carrier’s annual report show that the annual pay of executive directors dropped to Sh77 million in the year to March from Sh82 million a year earlier. KQ’s annual report lists its executive directors as Titus Naikuni (CEO) and Alex Mbugua (group finance director) —and this means they shared a monthly package of Sh6.41 million, down from last year’s Sh6.83 million. Analysts linked the pay drop to performance-related compensation and tied it to KQ’s earnings for the year ended March 2012 when carrier’s profit dropped 51.4 per cent to Sh1.66 billion. “The pay drop appears to be linked to bonuses rather than the actual pay. It could have something to do with two tough years KQ has faced,” said an analyst at Standard Investment Bank. Titus takes home almost 7million per month They shared so the 6.41 is apportioned btwn the two. Not too bad Exactly! Kitu 3M each! Portfolio: Sold You know you've made it when you get a parking space for your yatcht.
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Siringi		#173 Posted : Friday, August 02, 2013 11:15:12 AM
Rank: Elder Joined: 6/8/2013 Posts: 2,517		[quote=mwekez@ji]Kenya Airways chiefs take a pay cut Paycut my foot these guys should be give shares in lieu of pay!!! then those shares should not be redeemable or sold at least for the next 12 months "😖😡KQ makes money for everyone except the shareholder 😏😏 " overheard in Wazua
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mwekez@ji		#174 Posted : Friday, August 02, 2013 3:51:25 PM
Rank: Chief Joined: 5/31/2011 Posts: 5,121		Emirates deepens flower business rivalry with KQ * Emirates Airline will intensify the fight for control of the Nairobi—Amsterdam flower business against Kenya Airways with the introduction of two two freighters (a plane that carries only cargo) on the route * The two freighters will double Emirates weekly cargo capacity to 400 tonnes and increase the number of carriers in the route to four. * The additional cargo planes are set to trigger a price war on the route that is dominated with transportation of horticulture produce given that about 70 per cent of Kenyan flowers get to the world market through the Amsterdam auctions.
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hisah		#175 Posted : Friday, August 02, 2013 5:44:50 PM
Rank: Chief Joined: 8/4/2010 Posts: 8,977		Siringi wrote: mwekez@ji wrote: Kenya Airways chiefs take a pay cut Paycut my foot these guys should be give shares in lieu of pay!!! then those shares should not be redeemable or sold at least for the next 12 months They should be awarded options redeemable after 3yrs. $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Siringi		#176 Posted : Saturday, August 03, 2013 6:43:26 AM
Rank: Elder Joined: 6/8/2013 Posts: 2,517		hisah wrote: Siringi wrote: mwekez@ji wrote: Kenya Airways chiefs take a pay cut Paycut my foot these guys should be give shares in lieu of pay!!! then those shares should not be redeemable or sold at least for the next 12 months They should be awarded options redeemable after 3yrs. Caveat:and the conversion rate (salo to share) should be rights issue price! Blari malenge management hata kama malenge ni mboga... Busy landing on stewardesses instead of landing planes . Ile machungu niko nayo I could easily send nyaikuni and team kehesabu those donkeys that have taken their annual leave at oltepesi "😖😡KQ makes money for everyone except the shareholder 😏😏 " overheard in Wazua
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the deal		#177 Posted : Saturday, August 03, 2013 1:40:06 PM
Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery		They should peg his salary to the share price by now he would have had a serious pay cut .....from Ksh14 to Ksh9.50 thats 47%...lets see if would still have been walking around as if hakuna losses.
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mwekez@ji		#178 Posted : Saturday, August 03, 2013 5:02:38 PM
Rank: Chief Joined: 5/31/2011 Posts: 5,121		mwekez@ji wrote: ProverB wrote: This "Passenger Numbers" crap has been bandied around since days of #StocksKenya!! Anybody who has been here that long can attest to the fact #KenyaAirways has been totally incapable of turning such numbers into profit! Infact the only good year they had was when fuel hedges worked in their favor. Increase in passenger numbers plus transit tonnage as a metric of growth is useless until those figures translate into per-share profits. As of now..passenger travel is more a cost center than profit center.. Remember the Greece fiasco? How much did it cost #KQ to accomodate all those passengers whose transit was hamper'd (sic) both locally and abroad simply because of that 1 aircraft? I still remember this time when they reported very impressive passenger numbers and alas, a few days later a profit warning was unleashed. It killed all excitement that was beginning to build at the time in an instant!!! btw, citi in their report on dated 1st May 2013 predicted that KQ will achieve 9.1% increase in passenger volume during the current financial year 2013/2014. However, KQ will still record a FY13/14 loss of KES 4.4B
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murchr		#179 Posted : Saturday, August 03, 2013 6:14:15 PM
Rank: Elder Joined: 2/26/2012 Posts: 15,980		the deal wrote: They should peg his salary to the share price by now he would have had a serious pay cut .....from Ksh14 to Ksh9.50 thats 47%...lets see if would still have been walking around as if hakuna losses. I thot someone had predicted a 5/- am still waiting "There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore .
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Siringi		#180 Posted : Sunday, August 04, 2013 4:12:02 AM
Rank: Elder Joined: 6/8/2013 Posts: 2,517		@ 14 i forgot that there is another thread on KQ which started when the share price was sh 54!! Sijui sh 52. I sat out the rights issue will exercise mine on monday @9. Na ikifika sh 5 taongezeaa the bride sio pride of Africa rink: KQ why ignore now imagine if kq shareholders had the hindsight to put Nyai-kuni and the entire executive and senior mgt on a performance based contract where say 70% of salo is paid in with the rest in share bought at 54 and for increased profitability they get a bonus,! Will these guys have performed better than this genocide and atrocities they have unleashed on investors? It would have wiped that shjupit grin from Nyai-kuni. The other idiot Kidero did the same at Mumias rink: mumias ni another Paka in the making na hii pia sluggish mumiasand some scatterbrains expect him to turn round Nyairovi my foot waKenya kweli ni ngiri za Raila! ! murchr wrote: the deal wrote: They should peg his salary to the share price by now he would have had a serious pay cut .....from Ksh14 to Ksh9.50 thats 47%...lets see if would still have been walking around as if hakuna losses. I thot someone had predicted a 5/- am still waiting "😖😡KQ makes money for everyone except the shareholder 😏😏 " overheard in Wazua
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Wazua » Investor » Stocks » Kenya Airways FY 2012/13 after tax loss of 7.8bn

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