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Kenya Airways...why ignore..
maka
#4281 Posted : Friday, June 03, 2016 11:15:18 AM
Rank: Elder

Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
Spikes wrote:
ArrestedDev wrote:
@obiero, More unpalatable revelations here, http://www.standardmedia...-sh400m-via-forex-deals , Ngunze as the CEO is not aware of limits set by board of governers for fuel bank guarantee or it is outright mismanagement of the company?.



Management is a science though in Kenya companies are run like political parties. It is appalling being at the top of the company without the ability to pin-point challenges down the ladder.


Told you guys about the forex deals....sasa wait for supply chain huko ndio mambo iko.
possunt quia posse videntur
ArrestedDev
#4282 Posted : Friday, June 03, 2016 12:24:36 PM
Rank: Member

Joined: 5/29/2016
Posts: 898
Location: Nairobi
maka wrote:
Spikes wrote:
ArrestedDev wrote:
@obiero, More unpalatable revelations here, http://www.standardmedia...-sh400m-via-forex-deals , Ngunze as the CEO is not aware of limits set by board of governers for fuel bank guarantee or it is outright mismanagement of the company?.



Management is a science though in Kenya companies are run like political parties. It is appalling being at the top of the company without the ability to pin-point challenges down the ladder.


Told you guys about the forex deals....sasa wait for supply chain huko ndio mambo iko.


@maka, It is good, the report have been leaked to the media so that everyone can interrogate. Both Alex and Ngunze have been mentioned adversely ( approved the Dubai bank account opening and a fuel bank guarantee over and above the limit set). Time will tell how Alex convinced Ngunze to sign off without being checked against the laid down procedures and policies. If they were not colluding to defraud the Company then I do not know. Why and how nobody noticed fuel procurement being done very late leaves a lot of questions for the management to answer.
obiero
#4283 Posted : Friday, June 03, 2016 12:49:30 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,217
Location: nairobi
ArrestedDev wrote:
maka wrote:
Spikes wrote:
ArrestedDev wrote:
@obiero, More unpalatable revelations here, http://www.standardmedia...-sh400m-via-forex-deals , Ngunze as the CEO is not aware of limits set by board of governers for fuel bank guarantee or it is outright mismanagement of the company?.



Management is a science though in Kenya companies are run like political parties. It is appalling being at the top of the company without the ability to pin-point challenges down the ladder.


Told you guys about the forex deals....sasa wait for supply chain huko ndio mambo iko.


@maka, It is good, the report have been leaked to the media so that everyone can interrogate. Both Alex and Ngunze have been mentioned adversely ( approved the Dubai bank account opening and a fuel bank guarantee over and above the limit set). Time will tell how Alex convinced Ngunze to sign off without being checked against the laid down procedures and policies. If they were not colluding to defraud the Company then I do not know. Why and how nobody noticed fuel procurement being done very late leaves a lot of questions for the management to answer.

hence the best time to load up. KQ is undergoing transformation. but ngunze is clueless on media relations. pathetic handling of all allegations against him and the firm. there he has failed the shareholders. he should be bold enough to tackle the matters raised in an interview not via press releases. if I was the captain the share price would be above rights Issue price. to ensure shareholder unrest is constrained. how on earth will he make it to the next AGM. I don't think he will be there, honestly...

KQ ABP 4.26
Ebenyo
#4284 Posted : Friday, June 03, 2016 1:17:32 PM
Rank: Veteran

Joined: 4/4/2016
Posts: 2,016
Location: Kitale
Obiero could be right.Safcom was once 2.50 but now 16!
Towards the goal of financial freedom
mkate_nusu
#4285 Posted : Friday, June 03, 2016 1:19:43 PM
Rank: Member

Joined: 5/30/2016
Posts: 332
Location: Kayole
Ebenyo wrote:
Obiero could be right.Safcom was once 2.50 but now 16!


Comparing Safaricom to KQ is an insult
KEGN, KPLC, KQ, SCOM
obiero
#4286 Posted : Friday, June 03, 2016 1:22:52 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,217
Location: nairobi
mkate_nusu wrote:
Ebenyo wrote:
Obiero could be right.Safcom was once 2.50 but now 16!


Comparing Safaricom to KQ is an insult

CFO of Scom,Mr Tombstone stole a few months ago. Bob hasn't brought a single new product since Michael left. Hapo hakuna insult. past performance of a share/company does not imply future repeat of behaviour. there are firms that died and rose. many of them. kcc, kcb, carbacid, tpsea, cfcstanbic..

KQ ABP 4.26
Horton
#4287 Posted : Friday, June 03, 2016 1:32:41 PM
Rank: Veteran

Joined: 8/30/2007
Posts: 1,558
Location: Nairobi
obiero wrote:
mkate_nusu wrote:
Ebenyo wrote:
Obiero could be right.Safcom was once 2.50 but now 16!


Comparing Safaricom to KQ is an insult

CFO of Scom,Mr Tombstone stole a few months ago. Bob hasn't brought a single new product since Michael left. Hapo hakuna insult. past performance of a share/company does not imply future repeat of behaviour. there are firms that died and rose. many of them. kcc, kcb, carbacid, tpsea, cfcstanbic..


@obiero carbacid died?????? Really??
obiero
#4288 Posted : Friday, June 03, 2016 1:49:24 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,217
Location: nairobi
Horton wrote:
obiero wrote:
mkate_nusu wrote:
Ebenyo wrote:
Obiero could be right.Safcom was once 2.50 but now 16!


Comparing Safaricom to KQ is an insult

CFO of Scom,Mr Tombstone stole a few months ago. Bob hasn't brought a single new product since Michael left. Hapo hakuna insult. past performance of a share/company does not imply future repeat of behaviour. there are firms that died and rose. many of them. kcc, kcb, carbacid, tpsea, cfcstanbic..


@obiero carbacid died?????? Really??

u don't remember? five year comatose state leading to 'death' in 2009 before Kirubi stepped in to salvage Ngendo Matiba stake http://www.businessdaily...on/-/vyywxy/-/index.html

KQ ABP 4.26
MaichBlack
#4289 Posted : Friday, June 03, 2016 1:59:26 PM
Rank: Elder

Joined: 7/22/2009
Posts: 7,838
mkate_nusu wrote:
Ebenyo wrote:
Obiero could be right.Safcom was once 2.50 but now 16!


Comparing Safaricom to KQ is an insult

@Ebenyo - Are you serious???

At the time, Safaricom was not only making profits, it was GROWING profits. It was the industry leader. Everything was okay. The price was because of market emotions, not fundamentals.

On the other hand, Kenya Airways is more broke than @Obiero. Actually, no single Kenyan is as broke as Kenya Airways!!! They are at negative equity and GROWING LOSSES!!!

It is definitely criminal to compare the two!!!
Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
obiero
#4290 Posted : Friday, June 03, 2016 2:06:04 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,217
Location: nairobi
MaichBlack wrote:
mkate_nusu wrote:
Ebenyo wrote:
Obiero could be right.Safcom was once 2.50 but now 16!


Comparing Safaricom to KQ is an insult

@Ebenyo - Are you serious???

At the time, Safaricom was not only making profits, it was GROWING profits. It was the industry leader. Everything was okay. The price was because of market emotions, not fundamentals.

On the other hand, Kenya Airways is more broke than @Obiero. Actually, no single Kenyan is as broke as Kenya Airways!!! They are at negative equity and GROWING LOSSES!!!

It is definitely criminal to compare the two!!!

@maichblack are you aware that banks also have negative equity. KQ is sick but not dying.. Biashara huwa hivo. kupanda na kushuka. hata safaricom huweza kuja ikaangamia kwa uongozi wa Tombstone si sawa .they just have a better PR machine . 1m each to the editor of major dailies and everyone forgets that issue of some billions being used to buy up inflated land at Garden City. no one asks any hard question. they pick on hapless KQ that lacks will and wherewithal to bribe editors for favorable coverage

KQ ABP 4.26
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