Rank: Member Joined: 5/29/2016 Posts: 898 Location: Nairobi
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maka wrote:ArrestedDev wrote:Lucius wrote:Hello good people. Am new here.
I wish to add my voice to the KQ debate. Sorry if I repeat what others may have said before-would take me a week to go through the whole thread.
1. Its a fact that KQ is in a very bad position financially.
2. KQ is not going to die. It has hit rock bottom, it can't go any lower. It will either flatten out or improve.
3. The share price is definitely going to rise over the coming year, so if you're buying buy now-but buy to sell. Dividends ziko mbali bado.
4. We should expect a 7-10b full year loss, unless the're other savings I am not privy to.
5. With the fuel hedge in its last months, the financial position of the company will improve significantly over the coming year. I project a at least 30% improvement, with a 1-2b loss half year loss and 200-500m profit for full year 2017.
As for the leadership, Mbuvi is the right guy for the job. He shall turn around KQ. Suppliers love his humility. Employees say that he is accessible.
For the retrenchment, i still wonder who the 80 are. Almost all departments are said to be understaffed, people working overtime, with departments like engineering experiencing high staff losses to the middle east carriers. What informs you to say Mbuvi is the right guy? You say he is endorsing retrenchment as per the turnaround plan blindly just to make savings yet the Company is understaffed and employees still say he is accessible? You expect a profit in 2017 yet analysts as per a report sighted here indicates that the loss position will have just eased in that year. What informs this kind of thinking???? BTW KQ 600 has turned to KQ 300. ..btw most of the 80 were in managerial levels next week on Tue H9 and below that's where the blood bath will be... That's now better. It seems they have seen and heard the concerns but still some areas will be overstretched leading to dismal performance/ poor service delivery. I hope the managers among the 80 are the most clueless of all. Otherwise, if they use it as a witch hunt rather than removing the retards then the blunders will still continue.
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