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Kenya Airways...why ignore..
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Gatheuzi
#1271 Posted : Wednesday, January 14, 2015 8:37:30 PM
Rank: Veteran

Joined: 8/16/2009
Posts: 994
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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sparkly
#1272 Posted : Wednesday, January 14, 2015 9:11:51 PM
Rank: Elder

Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
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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obiero
#1273 Posted : Wednesday, January 14, 2015 11:24:17 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,321
Location: nairobi
Magnate wrote:
waiting for it sub 2 we mumias it after a GOK bail out.

shetani ashindwe
COOP, IMH, KEGN, KQ, MTNU
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obiero
#1274 Posted : Wednesday, January 14, 2015 11:29:35 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,321
Location: nairobi
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
COOP, IMH, KEGN, KQ, MTNU
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streetwise
#1275 Posted : Thursday, January 15, 2015 8:34:57 AM
Rank: Veteran

Joined: 6/23/2011
Posts: 1,740
Location: Nairobi
Any one has data on how they have managed operational costs for the last three years ( up/downn, graph etc)
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obiero
#1276 Posted : Monday, January 19, 2015 11:01:50 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,321
Location: nairobi
Brand New Dreamliner spotted at Heathrow hangar today. Should be in Kenya by tomorrow. Madam Koki will deliver
COOP, IMH, KEGN, KQ, MTNU
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  | | Edit by user: Monday, January 19, 2015 11:17 PM | Reason: more information
Ash Ock
#1277 Posted : Monday, January 19, 2015 11:15:40 PM
Rank: Member

Joined: 8/27/2010
Posts: 495
Location: Nairobi
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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obiero
#1278 Posted : Monday, January 19, 2015 11:19:07 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,321
Location: nairobi
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!!!
COOP, IMH, KEGN, KQ, MTNU
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  | | Edit by user: Monday, January 19, 2015 11:21 PM | Reason: link access
VituVingiSana
#1279 Posted : Tuesday, January 20, 2015 1:47:44 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,380
Location: Nairobi
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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  | | Edit by user: Tuesday, January 20, 2015 1:56 AM | Reason: Not specified
obiero
#1280 Posted : Tuesday, January 20, 2015 6:41:18 AM
Rank: Elder

Joined: 6/23/2009
Posts: 14,321
Location: nairobi
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
COOP, IMH, KEGN, KQ, MTNU
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