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Kenya Airways...why ignore..
Rank: Elder Joined: 7/22/2009 Posts: 7,840
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obiero wrote:MaichBlack wrote:maka wrote:ArrestedDev wrote:MaichBlack wrote:ArrestedDev wrote:Besides the gulf carriers, Look at how KLM is pulling a fast one on KQ due to the incompetence of its executives. Quote:“KLM feels that it dominates only because KQ does not put in similar effort,” says the Seabury report. “It does not prepare for meetings and frequently does not have proper background for their positions.”
One of the recommendations given by the consultants is that KLM needs to take time to explain sophisticated issues to KQ “stay transparent and include KQ input in all steps of decisions”.
KQ was also asked to assign “top talent” into the working groups and resources. This is because KQ employees have a general lack of understanding on how the joint venture operates and how to cooperate at day-to-day levels. http://www.nation.co.ke/.../-/5b5k7uz/-/index.html^ In short, they are saying KQ is being run by a bunch of idiots. And they have full control of the company! Surely, what can be worse to a company??? You'd rather have your company facing a number of external challenges but being ran by a group of smart, informed, experienced and committed employees than have it being ran by a bunch of idiots in any environment!!! It is very likely that there is a problem with the management of KQ. With time, this shall come to pass. I have always complained about the management...they run the co kienyeji all the well trained guys who have worked for years at the airline are leaving. No wonder they keep making very costly mistakes like fuel hedging at a higher price when the whole world including random people on the streets can see the prices heading south!!! These hedges were made ages ago and were tappering off to end in September this year Which other major airlines made such self defeating hedges in the same period? We started discussing KQ's disastrous hedging strategy in Wazua ages ago! Their expansion plan - project mawingu - was also discussed here at length from the day it was announced with a good number of wazuans explaining why it was a terrible idea and predicting it will spectacularly fail!! And this came to pass. Mind you, these wazuans are not aviation experts. Wazuans who are in totally different fields can see the problems with a project and its inevitable failure and fellows who call themselves aviation experts and who are actually get paid to make those decisions are truly clueless!! That is when you know a company is being run by idiots. If a carpenter can correctly point out the flaws in your treatment plan for a patient, and you call yourself a doctor, surely it is time to quit medicine!! The best time was actually yesterday!!! 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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Rank: Member Joined: 8/27/2010 Posts: 495 Location: Nairobi
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MaichBlack wrote:Which other major airlines made such self defeating hedges in the same period?
We started discussing KQ's disastrous hedging strategy in Wazua ages ago! Airlines Pull Back on Hedging Fuel CostsQuote:After decades of spending billions of dollars to hedge against rising fuel costs, more airlines, including some of the world’s largest, are backing off after getting burned by low oil prices.
When oil prices were rising, hedging often paid off for the airlines, helping them reduce their exposure to higher fuel costs. But the speed of the 58% plunge in oil prices since mid-2014 caught the industry by surprise and turned some hedges into big money losers.
Last year, Delta Air Lines Inc., the nation’s No. 2 airline by traffic, racked up hedging losses of $2.3 billion, while United Continental Holdings Inc., the No. 3 carrier, lost $960 million on its bets.
Meanwhile, No. 1-ranked American Airlines Group Inc., which abandoned hedging in 2014, enjoyed cheaper fuel costs than many of its rivals as a result. “Hedging is a rigged game that enriches Wall Street,” said Scott Kirby, the airline’s president, said in an interview.
Now, much of the rest of the industry is rethinking the costly strategy of using complex derivatives to lock in fuel costs, airlines’ second-largest expense after labor. Sent from my Black Nokia 3310
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Rank: Veteran Joined: 6/23/2011 Posts: 1,740 Location: Nairobi
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The guy even threw in exchange rate. I think he should have said the made losses because the sky was blue
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Rank: Elder Joined: 3/2/2009 Posts: 26,331 Location: Masada
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obiero wrote:VituVingiSana wrote:MaichBlack wrote:obiero wrote:160,900 KQ sold out at KES 4.50; take home KES 708,845.. Viewing of the leaked actual financials late last night, triggered my thought pattern. one of my ladies in an established media house had filled me in.. was at the trading floor way beyond opening hour. I had to blind side a few investors and I apologise for ratting out but capital preservation preceeds integrity. However, I remain interested in the share and will likely reinvest on lower entry point @Obiero - On Wednesday, you stated that come what may, you cannot accept anything below 12/= on your KQ shares. Next morning you are selling at 4.50/= You really need to reevaluate your source of "inside information". Link: @Obiero not accepting anything below Kshs. 12/= on KQ shares - see post #4917 I have tried to expose this conman and his ways. If there are still some who believe him... Washindwe. But why does your mother trust me with extreme sensitive areas. I am a noble man This is NOT a kind of language expected in this blue section of wazua, please. Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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Rank: Elder Joined: 6/23/2009 Posts: 14,224 Location: nairobi
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MaichBlack wrote:obiero wrote:MaichBlack wrote:maka wrote:ArrestedDev wrote:MaichBlack wrote:ArrestedDev wrote:Besides the gulf carriers, Look at how KLM is pulling a fast one on KQ due to the incompetence of its executives. Quote:“KLM feels that it dominates only because KQ does not put in similar effort,” says the Seabury report. “It does not prepare for meetings and frequently does not have proper background for their positions.”
One of the recommendations given by the consultants is that KLM needs to take time to explain sophisticated issues to KQ “stay transparent and include KQ input in all steps of decisions”.
KQ was also asked to assign “top talent” into the working groups and resources. This is because KQ employees have a general lack of understanding on how the joint venture operates and how to cooperate at day-to-day levels. http://www.nation.co.ke/.../-/5b5k7uz/-/index.html^ In short, they are saying KQ is being run by a bunch of idiots. And they have full control of the company! Surely, what can be worse to a company??? You'd rather have your company facing a number of external challenges but being ran by a group of smart, informed, experienced and committed employees than have it being ran by a bunch of idiots in any environment!!! It is very likely that there is a problem with the management of KQ. With time, this shall come to pass. I have always complained about the management...they run the co kienyeji all the well trained guys who have worked for years at the airline are leaving. No wonder they keep making very costly mistakes like fuel hedging at a higher price when the whole world including random people on the streets can see the prices heading south!!! These hedges were made ages ago and were tappering off to end in September this year Which other major airlines made such self defeating hedges in the same period? We started discussing KQ's disastrous hedging strategy in Wazua ages ago! Their expansion plan - project mawingu - was also discussed here at length from the day it was announced with a good number of wazuans explaining why it was a terrible idea and predicting it will spectacularly fail!! And this came to pass. Mind you, these wazuans are not aviation experts. Wazuans who are in totally different fields can see the problems with a project and its inevitable failure and fellows who call themselves aviation experts and who are actually get paid to make those decisions are truly clueless!! That is when you know a company is being run by idiots. If a carpenter can correctly point out the flaws in your treatment plan for a patient, and you call yourself a doctor, surely it is time to quit medicine!! The best time was actually yesterday!!! KQ shall rise from the ashes like the proverbial phoenix. Airline investment is not for everyone and requires patience
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Rank: Member Joined: 5/29/2016 Posts: 898 Location: Nairobi
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obiero wrote:MaichBlack wrote:obiero wrote:MaichBlack wrote:maka wrote:ArrestedDev wrote:MaichBlack wrote:ArrestedDev wrote:Besides the gulf carriers, Look at how KLM is pulling a fast one on KQ due to the incompetence of its executives. Quote:“KLM feels that it dominates only because KQ does not put in similar effort,” says the Seabury report. “It does not prepare for meetings and frequently does not have proper background for their positions.”
One of the recommendations given by the consultants is that KLM needs to take time to explain sophisticated issues to KQ “stay transparent and include KQ input in all steps of decisions”.
KQ was also asked to assign “top talent” into the working groups and resources. This is because KQ employees have a general lack of understanding on how the joint venture operates and how to cooperate at day-to-day levels. http://www.nation.co.ke/.../-/5b5k7uz/-/index.html^ In short, they are saying KQ is being run by a bunch of idiots. And they have full control of the company! Surely, what can be worse to a company??? You'd rather have your company facing a number of external challenges but being ran by a group of smart, informed, experienced and committed employees than have it being ran by a bunch of idiots in any environment!!! It is very likely that there is a problem with the management of KQ. With time, this shall come to pass. I have always complained about the management...they run the co kienyeji all the well trained guys who have worked for years at the airline are leaving. No wonder they keep making very costly mistakes like fuel hedging at a higher price when the whole world including random people on the streets can see the prices heading south!!! These hedges were made ages ago and were tappering off to end in September this year Which other major airlines made such self defeating hedges in the same period? We started discussing KQ's disastrous hedging strategy in Wazua ages ago! Their expansion plan - project mawingu - was also discussed here at length from the day it was announced with a good number of wazuans explaining why it was a terrible idea and predicting it will spectacularly fail!! And this came to pass. Mind you, these wazuans are not aviation experts. Wazuans who are in totally different fields can see the problems with a project and its inevitable failure and fellows who call themselves aviation experts and who are actually get paid to make those decisions are truly clueless!! That is when you know a company is being run by idiots. If a carpenter can correctly point out the flaws in your treatment plan for a patient, and you call yourself a doctor, surely it is time to quit medicine!! The best time was actually yesterday!!! KQ shall rise from the ashes like the proverbial phoenix. Airline investment is not for everyone and requires patience It shall rise with good managers. The road to recovery is long. He was shoving around 18 months last year. Yesterday, I heard 18-24 months. The board chair denies that there is no strategic no investor till after one year but the CS Treasury talks about within a month. A confused bunch of servants holding brief for the master.
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Rank: Elder Joined: 6/23/2009 Posts: 14,224 Location: nairobi
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maka wrote:littledove wrote:KQ reduces operating loss from Kshs 16.3 billion to Kshs 4.1 billion
Revenues grew by 5% to sh. 116 billion
  No one commented on the positives
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Rank: New-farer Joined: 1/20/2010 Posts: 27 Location: kenya
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This stock is "deadier" than a deadbeat dad..
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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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Why is Ngunze still the CEO? possunt quia posse videntur
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Rank: Elder Joined: 12/25/2014 Posts: 2,301 Location: kenya
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maka wrote:Why is Ngunze still the CEO? Because our country rewards the most incompetent and inefficient officials
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