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KQ H1 2014 results 12.5 B Loss
Aguytrying
#11 Posted : Friday, November 14, 2014 9:37:01 AM
Rank: Elder

Joined: 7/11/2010
Posts: 5,040
leave GK firms to GK. I'm sure it's only a matter of time before the skeletons come out of how cash was siphoned like mms. and I highly doubt that profit of last year now... numbers don't lie.

some wazua wise men had serious queries about project mawingu, right now, what they feared is coming true
The investor's chief problem - and even his worst enemy - is likely to be himself
jawgey
#12 Posted : Friday, November 14, 2014 9:40:46 AM
Rank: Member

Joined: 1/13/2014
Posts: 398
Location: Denmark
Ericsson wrote:
What is happening to KQ is a reflection of what is happening in kenya.
We are becoming an over capacity country.
KQ buying newer,bigger expensive planes before looking at whether passengers are there.
We are talking about 5000 mw yet industries to consume that power are not there and we don't know whether they will be there.
SGR viability was also brought into question.
All these are being funded by loans and the question is where will the money to repay the loans while ensuring the firms are profitable when the market is not known


Can I also add the laptop project.

BTW, KQ management is acting like kenyan mps- kujiongeza tu mshahara anyhow
Seeing is believing
Aguytrying
#13 Posted : Friday, November 14, 2014 9:41:51 AM
Rank: Elder

Joined: 7/11/2010
Posts: 5,040
@Ericsson. precisely. I also find kengen and kplc exposing (unecessarily) themselves with debt for that high capacity when a lesser gradual growth with less debt would suffice. the motives behind these actions bearing in mind the top shareholder is pretty obvious
The investor's chief problem - and even his worst enemy - is likely to be himself
Boris Boyka
#14 Posted : Friday, November 14, 2014 9:41:52 AM
Rank: Veteran

Joined: 11/15/2013
Posts: 1,977
Location: Here
Aguytrying wrote:
leave GK firms to GK. I'm sure it's only a matter of time before the skeletons come out of how cash was siphoned like mms. and I highly doubt that profit of last year now... numbers don't lie.

some wazua wise men had serious queries about project mawingu, right now, what they feared is coming true

How much does gvt of k have in safaricom ?
Everybody STEALS, a THIEF is one who's CAUGHT stealing something of LITTLE VALUE. !!!
Aguytrying
#15 Posted : Friday, November 14, 2014 9:43:29 AM
Rank: Elder

Joined: 7/11/2010
Posts: 5,040
Boris Boyka wrote:
Aguytrying wrote:
leave GK firms to GK. I'm sure it's only a matter of time before the skeletons come out of how cash was siphoned like mms. and I highly doubt that profit of last year now... numbers don't lie.

some wazua wise men had serious queries about project mawingu, right now, what they feared is coming true

How much does gvt of k have in safaricom ?


you tell me. if significant then safaricom could be a special case!
The investor's chief problem - and even his worst enemy - is likely to be himself
shocks
#16 Posted : Friday, November 14, 2014 9:46:28 AM
Rank: Member

Joined: 3/15/2009
Posts: 362
Aguytrying wrote:
Boris Boyka wrote:
Aguytrying wrote:
leave GK firms to GK. I'm sure it's only a matter of time before the skeletons come out of how cash was siphoned like mms. and I highly doubt that profit of last year now... numbers don't lie.

some wazua wise men had serious queries about project mawingu, right now, what they feared is coming true

How much does gvt of k have in safaricom ?


you tell me. if significant then safaricom could be a special case!


Arguement arrested and your trying to worm yourself out
Ericsson
#17 Posted : Friday, November 14, 2014 10:29:06 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,809
Location: NAIROBI
@Boris Boyka,Aguytrying
Safaricom gava has a bigger shareholding than in KQ i.e 35% while in KQ its 29%.
Safaricom is a special case in that under the deal they signed with gava;vodafone will be the ones managing and appointing the CEO,CFO and CTO.
So gava's work is to sit aside and enjoy the dividends.They are not to interefere with the management.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
selah
#18 Posted : Friday, November 14, 2014 10:48:09 AM
Rank: Elder

Joined: 10/13/2009
Posts: 1,950
Location: in kenya
Ericsson wrote:
@Boris Boyka,Aguytrying
Safaricom gava has a bigger shareholding than in KQ i.e 35% while in KQ its 29%.
Safaricom is a special case in that under the deal they signed with gava;vodafone will be the ones managing and appointing the CEO,CFO and CTO.
So gava's work is to sit aside and enjoy the dividends.They are not to interefere with the management.


I think Also KQ has the same agreement top management must be sanctioned by KLM.
'......to the acknowledgment of the mystery of God, and of the Father, and of Christ; 3 In whom are hid all the treasures of wisdom and knowledge.' Colossians 2:2-3
jwatesh
#19 Posted : Friday, November 14, 2014 9:28:49 PM
Rank: Member

Joined: 8/19/2014
Posts: 125
Ericsson wrote:
What is happening to KQ is a reflection of what is happening in kenya.
We are becoming an over capacity country.
KQ buying newer,bigger expensive planes before looking at whether passengers are there.
We are talking about 5000 mw yet industries to consume that power are not there and we don't know whether they will be there.
SGR viability was also brought into question.
All these are being funded by loans and the question is where will the money to repay the loans while ensuring the firms are profitable when the market is not known

If you wanted to set up a factory and the power is not enough in the country would u wait years for the country to set up the power or will u go to where there is enough power? Dreamliners we bought since they are cheaper to manage and it gives them a chance to expand their routes and be at par with competitor Ethiopian Airlines, you cant compete without the tools....tools first then compete...just like fibre internet, we still dont use most of the capacity and there were very few smartphones at the time of set up, look at the situation now, 150% growth in consumption year on year....cheap power will be same, more industries, more businesses
mlennyma
#20 Posted : Friday, November 14, 2014 9:49:33 PM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
Sufficient power is as good as mankind especially geothermal which is natures blessing power can also be sold to neighbours if its cheap and natural to produce forever
"Don't let the fear of losing be greater than the excitement of winning."
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