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Kenya Airways...why ignore..
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MaichBlack
#4321 Posted : Sunday, June 05, 2016 10:05:00 AM
Rank: Elder

Joined: 7/22/2009
Posts: 7,838
obiero wrote:
MaichBlack wrote:
enyands wrote:

"Employees involved in the purchase of fuel, which makes up 40 per cent of the airline’s direct costs, preferred the most expensive pricing formula available."

link


Even my grandmother can tell me this is wrong what management did. Nguze knew this and he didn't do anything to change it. Yeye si mweupe kama pamba

That story is like a script to a horror movie!!!

Matafakas are buying fuel at $80 a barrel??? Almost three times the market price (at one point)?? Yet fuel accounts for their biggest expense!? 40%!! Paying the highest prices for fuel in Nairobi than ALL the other airlines and it is their hub, they buy in bulk etc. etc. Bloody matafakas!!!!

pole sana. good times are coming

Pole sana to who @Obiero?? You should be telling yourself pole. We are all collectively sad for you!! We are about to organise inter denominational prayers for you. Jikaze ndugu!
Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
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obiero
#4322 Posted : Sunday, June 05, 2016 10:07:22 AM
Rank: Elder

Joined: 6/23/2009
Posts: 14,217
Location: nairobi
Kausha wrote:
Obiero you are either a publicist for KQ or are an insider at KQ. You lack objectivity sir. The level of theft in there is shocking. I mean for Deloitte to pick such glaring theft and Deloitte is never diligent things must be very ugly. Still can't understand how KQ was trading at Dubai Bank!! With all due respect.The hedges as any decent analyst thought all along were never hedges but schemes to collect brokes on the hefty fuel tab. They can't be on 7ur losing streak and do nothing about it.

@Kausha u must have picked the dialogue from the middle. trace back a few posts and you will see that I kashifud the Dubai bank link. plus on this very thread I wondered why KQ has accounts at 13 Kenyan banks.. The company was ill run by Naikuni & CO

KQ ABP 4.26
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muandiwambeu
#4323 Posted : Sunday, June 05, 2016 11:12:47 AM
Rank: Veteran

Joined: 8/28/2015
Posts: 1,247
obiero wrote:
Kausha wrote:
Obiero you are either a publicist for KQ or are an insider at KQ. You lack objectivity sir. The level of theft in there is shocking. I mean for Deloitte to pick such glaring theft and Deloitte is never diligent things must be very ugly. Still can't understand how KQ was trading at Dubai Bank!! With all due respect.The hedges as any decent analyst thought all along were never hedges but schemes to collect brokes on the hefty fuel tab. They can't be on 7ur losing streak and do nothing about it.

@Kausha u must have picked the dialogue from the middle. trace back a few posts and you will see that I kashifud the Dubai bank link. plus on this very thread I wondered why KQ has accounts at 13 Kenyan banks.. The company was ill run by Naikuni & CO


@obiero let it be said here that kyq is undergoing cannibalisation under schemes well thought out by the very able men and women who are meant to be the stewards. why for a million time, sell prime property, lease pilots together with top notch planes to:-
1. service thieving schemes, den of vipers,
2. service life threatening fuel hedges, damn them,
2. payoff unsustainable employment salaries, my gosh so stinking,
3. pay hotel fees from freight cancellations, yeak- that gachungua must be missing it more than kyq,
4. pay for services at a premium.........

is likening kyqs moves to one selling off ancestral family land to pay up rents in arrears for gachungua's hse rent not a perfect match analogy. fake decisions with fake pple, pple with interesting IQ scores.

someone new to any organisation must sanctions a systems and operations audit to access the effectiveness and efficiency or lack of the same before sitting down to dream and particularly in case of distressed orgn.
yawa, is our boss so much full of inertia that he is barely reacting save for pro acting, probably to save his master's faces?
so saddening that he found a few can of worms multiplied them to many and are fighting back while purporting to open them. before I could see mawingu. now I see nothing.
,Behold, a sower went forth to sow;....
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Kausha
#4324 Posted : Sunday, June 05, 2016 12:15:35 PM
Rank: Member

Joined: 2/8/2007
Posts: 808
@Obiero I agree, picked the convo midway. Shocked KQ banked at Dubai Bank
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obiero
#4325 Posted : Sunday, June 05, 2016 1:04:39 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,217
Location: nairobi
Boris Boyka wrote:
stockshunter wrote:
Boris Boyka wrote:
obiero wrote:
kenya airways, time to sell?

@obiero are you adding it to your list as Nyaikuni is burning ppls fingers?

proverbs 24:7 a wise man changes his mind, a fool does not. I like another version of the same; Only a fool doesn't change his mind.

@stockshunter I need obiero to support his statement based on short and long terms,is it for a lower re entry? + those who got it at "higher" prices...

throw back

KQ ABP 4.26
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obiero
#4326 Posted : Sunday, June 05, 2016 1:14:14 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,217
Location: nairobi
obiero wrote:
Boris Boyka wrote:
obiero wrote:
all this is simple intellectual dialogue.. fact is, naikuni is rotten in that he is a dictator who does not consider anyones opinion. do wazuans know its hedging that mainly led to the huge losses and that this company ordinarily should not report a loss since it is a monopoly in a regional hub frequented by many air travellers. his word is law and that is why he publicly undressed a senior manager over a rather petty issue. even the court's alluded to this fact when they reinstated the sacked workers. all in all, he has done fairly well but KQ will be much better without him

@ Obiero " this company
ordinarily should not report a loss since it is a
monopoly in a regional hub frequented by
many air travellers." True to it and I suspect cooking of figures amongst other things.

before @guru says that kq is not a monopoly. the word has been used here loosely and not in its strict sense

ngunze confessed to us about naikuni and how he ran KQ. why wasn't an audit conducted earlier. your guess is as good as mine. the former CEO set up ngunze for failure. specifically he ensured one of the csuites took over so that blame demarcation would be blurry. where did ngunze start failing will be a question that has no answer. I feel sorry for him since he is not intrinsically corrupt

KQ ABP 4.26
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  | | Edit by user: Sunday, June 05, 2016 1:20 PM | Reason: Not specified
ArrestedDev
#4327 Posted : Sunday, June 05, 2016 3:38:30 PM
Rank: Member

Joined: 5/29/2016
Posts: 898
Location: Nairobi
obiero wrote:
obiero wrote:
Boris Boyka wrote:
obiero wrote:
all this is simple intellectual dialogue.. fact is, naikuni is rotten in that he is a dictator who does not consider anyones opinion. do wazuans know its hedging that mainly led to the huge losses and that this company ordinarily should not report a loss since it is a monopoly in a regional hub frequented by many air travellers. his word is law and that is why he publicly undressed a senior manager over a rather petty issue. even the court's alluded to this fact when they reinstated the sacked workers. all in all, he has done fairly well but KQ will be much better without him

@ Obiero " this company
ordinarily should not report a loss since it is a
monopoly in a regional hub frequented by
many air travellers." True to it and I suspect cooking of figures amongst other things.

before @guru says that kq is not a monopoly. the word has been used here loosely and not in its strict sense

ngunze confessed to us about naikuni and how he ran KQ. why wasn't an audit conducted earlier. your guess is as good as mine. the former CEO set up ngunze for failure. specifically he ensured one of the csuites took over so that blame demarcation would be blurry. where did ngunze start failing will be a question that has no answer. I feel sorry for him since he is not intrinsically corrupt


@Kausha, well said. @obiero, nothing like being set up to fail. He was either deliberately covering up the mess for his predecessor or he is totally clueless and also corrupt. Who between Naikuni and Ngunze have a better management oriented education/experience in respect to the recent revelations? If Ngunze had an interest in saving KQ he should have commissioned an audit as @Kausha puts it immediately when he was confirmed as the MD & CEO. I wonder if the auditors looked into how the fuel hedges and loan taken to purchase the 10 Embraer jets were procured.
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obiero
#4328 Posted : Sunday, June 05, 2016 4:33:15 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,217
Location: nairobi
ArrestedDev wrote:
obiero wrote:
obiero wrote:
Boris Boyka wrote:
obiero wrote:
all this is simple intellectual dialogue.. fact is, naikuni is rotten in that he is a dictator who does not consider anyones opinion. do wazuans know its hedging that mainly led to the huge losses and that this company ordinarily should not report a loss since it is a monopoly in a regional hub frequented by many air travellers. his word is law and that is why he publicly undressed a senior manager over a rather petty issue. even the court's alluded to this fact when they reinstated the sacked workers. all in all, he has done fairly well but KQ will be much better without him

@ Obiero " this company
ordinarily should not report a loss since it is a
monopoly in a regional hub frequented by
many air travellers." True to it and I suspect cooking of figures amongst other things.

before @guru says that kq is not a monopoly. the word has been used here loosely and not in its strict sense

ngunze confessed to us about naikuni and how he ran KQ. why wasn't an audit conducted earlier. your guess is as good as mine. the former CEO set up ngunze for failure. specifically he ensured one of the csuites took over so that blame demarcation would be blurry. where did ngunze start failing will be a question that has no answer. I feel sorry for him since he is not intrinsically corrupt


@Kausha, well said. @obiero, nothing like being set up to fail. He was either deliberately covering up the mess for his predecessor or he is totally clueless and also corrupt. Who between Naikuni and Ngunze have a better management oriented education/experience in respect to the recent revelations? If Ngunze had an interest in saving KQ he should have commissioned an audit as @Kausha puts it immediately when he was confirmed as the MD & CEO. I wonder if the auditors looked into how the fuel hedges and loan taken to purchase the 10 Embraer jets were procured.

the audit could not have been ordered by ngunze himself but the board which was not fully constituted after exit of mwaniki late last year


KQ ABP 4.26
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mkate_nusu
#4329 Posted : Sunday, June 05, 2016 4:44:23 PM
Rank: Member

Joined: 5/30/2016
Posts: 332
Location: Kayole
obiero wrote:
Boris Boyka wrote:
stockshunter wrote:
Boris Boyka wrote:
obiero wrote:
kenya airways, time to sell?

@obiero are you adding it to your list as Nyaikuni is burning ppls fingers?

proverbs 24:7 a wise man changes his mind, a fool does not. I like another version of the same; Only a fool doesn't change his mind.

@stockshunter I need obiero to support his statement based on short and long terms,is it for a lower re entry? + those who got it at "higher" prices...

throw back


good strategy in general
KEGN, KPLC, KQ, SCOM
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obiero
#4330 Posted : Sunday, June 05, 2016 5:03:34 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,217
Location: nairobi
mkate_nusu wrote:
obiero wrote:
Boris Boyka wrote:
stockshunter wrote:
Boris Boyka wrote:
obiero wrote:
kenya airways, time to sell?

@obiero are you adding it to your list as Nyaikuni is burning ppls fingers?

proverbs 24:7 a wise man changes his mind, a fool does not. I like another version of the same; Only a fool doesn't change his mind.

@stockshunter I need obiero to support his statement based on short and long terms,is it for a lower re entry? + those who got it at "higher" prices...

throw back


good strategy in general

I sold a few months ago at circa 5bob. Been buying in sub 4bob

KQ ABP 4.26
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