Rank: Veteran Joined: 8/28/2015 Posts: 1,247
|
ArrestedDev wrote:obiero wrote:Ebenyo wrote:[quote=ArrestedDev]Food for thought. Quote:Curiously, people are buying the shares at Sh4 each on the Nairobi Securities Exchange. As for me; you would have to bribe me with Sh25 per unit for me to accept them! Anyone buying these shares is either a genius who knows something that the rest of us don’t, or a reckless person who doesn’t know what they are doing.
In 12 months from March 31, 2016, Kenya Airways expects to receive a total of Sh29.7 billion and to pay out Sh73.5 billion. Therefore, it needs to look for Sh43.6 billion just to survive up to March 31, next year. Looking a little deeper, we find that, if the company shuts down, it won’t even have enough cash to refund customers for tickets sold in advance! http://www.nation.co.ke/...3980-3t25t8z/index.html[/quote This is not the pride of africa any longer.Its now the shame of africa. I will keep quiet for now.. Media on a paid trip to kill KQ turnaround efforts This is not about the media spoiling it for KQ. Alex had entered into hedging contracts for 5 years in 2012. Surely, what was this guy thinking about? They have done it again for 2 years. Remember, the longer the period, the heftier the kickbacks. Now you know why they have done it again for 2 years. Do these KQ executives learn? KQ is insolvent at the moment. The balance sheet is full of loans. The guy who wrote the above article knows how to crunch the numbers and he got tickled by KQ. Do you see the reason why Ngunze should let someone else with fresh/ new thinking to take over? He is almost five years at KQ,Is there anything he can do differently now that he didn't over all those years????? hiii kqueer itamaliza watu wenye vizwa ngumu kama mkia wa nguruwe. And people are still buying into this princely stock. this is daylight Robert at NSE. why would it not be wazuans? if government woke JP tomorrow and said we have thrown the tow for this belly up company like they should have done already, where would the other shareholders be? this is purely accepting management to Balkanize a company at the expense of the other stakeholders. one of them being the shareholder. ,Behold, a sower went forth to sow;....
|