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Kenya Airways...why ignore..
Rank: Elder Joined: 3/2/2009 Posts: 26,331 Location: Masada
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sparkly wrote:[quote=ArrestedDev] They have realized that liquidating assets is not the solution. Quote:The company’s management, which was expecting to raise about Sh2.25 billion from the transactions, has now decided to sell only five acres to Kemsa and shelve the other transaction. The land sold to Kemsa has been rented by the government’s medical logistics provider for decades. http://www.nation.co.ke/...35632-uaqmkr/index.html[/quote] Even if they sell off all assets, they will still be left with a 35B hole. Hard drugs, sorry hard truth! Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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Rank: Elder Joined: 11/27/2007 Posts: 3,604
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sparkly wrote:[quote=ArrestedDev] They have realized that liquidating assets is not the solution. Quote:The company’s management, which was expecting to raise about Sh2.25 billion from the transactions, has now decided to sell only five acres to Kemsa and shelve the other transaction. The land sold to Kemsa has been rented by the government’s medical logistics provider for decades. http://www.nation.co.ke/...35632-uaqmkr/index.html[/quote] Even if they sell off all assets, they will still be left with a 35B hole. I thought return to profitability can be achieved by cutting down on expenditure while seeing ways of increasing revenue. Disposing of assets will increase cash inflows but that does not guarantee turnaround.  African parents don't know how to say sorry.. the closest you will get to a sorry is a 'have you eaten'
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Rank: Veteran Joined: 4/4/2007 Posts: 1,162
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Anyone can test the robustness of the KQ business by asking themselves this simple question:If KQ was a bank, would you put your money there?
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Rank: Elder Joined: 6/23/2009 Posts: 14,229 Location: nairobi
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Impunity wrote:sparkly wrote:[quote=ArrestedDev] They have realized that liquidating assets is not the solution. Quote:The company’s management, which was expecting to raise about Sh2.25 billion from the transactions, has now decided to sell only five acres to Kemsa and shelve the other transaction. The land sold to Kemsa has been rented by the government’s medical logistics provider for decades. http://www.nation.co.ke/...35632-uaqmkr/index.html[/quote] Even if they sell off all assets, they will still be left with a 35B hole. Hard drugs, sorry hard truth! Time will tell.. Only 51 odd days to end of a marvelous H1
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Rank: Elder Joined: 6/23/2009 Posts: 14,229 Location: nairobi
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majimaji wrote:
Anyone can test the robustness of the KQ business by asking themselves this simple question:If KQ was a bank, would you put your money there?
@majimaji.. That argument is too broad. KQ is not a bank, period. People are still travelling aboard the planes, including Olympic champions!!
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Rank: Elder Joined: 6/23/2009 Posts: 14,229 Location: nairobi
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majimaji wrote:
Anyone can test the robustness of the KQ business by asking themselves this simple question:If KQ was a bank, would you put your money there?
But the question remains interesting..
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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obiero wrote:Impunity wrote:sparkly wrote:[quote=ArrestedDev] They have realized that liquidating assets is not the solution. Quote:The company’s management, which was expecting to raise about Sh2.25 billion from the transactions, has now decided to sell only five acres to Kemsa and shelve the other transaction. The land sold to Kemsa has been rented by the government’s medical logistics provider for decades. http://www.nation.co.ke/...35632-uaqmkr/index.html[/quote] Even if they sell off all assets, they will still be left with a 35B hole. Hard drugs, sorry hard truth! Time will tell.. Only 51 odd days to end of a marvelous H1 Time already told. Historical data says liabilities exceed assets by 35B. If marvelous = 1B profit after tax, KQ needs a 35 marvelouses to equate assets and liabilities. Life is short. Live passionately.
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Rank: Veteran Joined: 8/28/2015 Posts: 1,247
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sparkly wrote:obiero wrote:Impunity wrote:sparkly wrote:[quote=ArrestedDev] They have realized that liquidating assets is not the solution. Quote:The company’s management, which was expecting to raise about Sh2.25 billion from the transactions, has now decided to sell only five acres to Kemsa and shelve the other transaction. The land sold to Kemsa has been rented by the government’s medical logistics provider for decades. http://www.nation.co.ke/...35632-uaqmkr/index.html[/quote] Even if they sell off all assets, they will still be left with a 35B hole. Hard drugs, sorry hard truth! Time will tell.. Only 51 odd days to end of a marvelous H1 Time already told. Historical data says liabilities exceed assets by 35B. If marvelous = 1B profit after tax, KQ needs a 35 marvelouses to equate assets and liabilities. in other words and literally17 years and six months to pay shareholders a cent. however on growth basis, making an ass of you and me, ie assuming growth to be an average annualised net profit of 5b, seven years and six months. @obiero hiyo hesabu ya karne na decades mimi miaka yangu ailewi. how old is @obiero? ,Behold, a sower went forth to sow;....
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Rank: Elder Joined: 6/23/2009 Posts: 14,229 Location: nairobi
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muandiwambeu wrote:sparkly wrote:obiero wrote:Impunity wrote:sparkly wrote:[quote=ArrestedDev] They have realized that liquidating assets is not the solution. Quote:The company’s management, which was expecting to raise about Sh2.25 billion from the transactions, has now decided to sell only five acres to Kemsa and shelve the other transaction. The land sold to Kemsa has been rented by the government’s medical logistics provider for decades. http://www.nation.co.ke/...35632-uaqmkr/index.html[/quote] Even if they sell off all assets, they will still be left with a 35B hole. Hard drugs, sorry hard truth! Time will tell.. Only 51 odd days to end of a marvelous H1 Time already told. Historical data says liabilities exceed assets by 35B. If marvelous = 1B profit after tax, KQ needs a 35 marvelouses to equate assets and liabilities. in other words and literally17 years and six months to pay shareholders a cent. however on growth basis, making an ass of you and me, ie assuming growth to be an average annualised net profit of 5b, seven years and six months. @obiero hiyo hesabu ya karne na decades mimi miaka yangu ailewi. how old is @obiero? @obiero is close to 30 years old.. hio hesabu imewekwa na maadui wa KQ, the negative equity issue shall be addressed in the next 2 weeks by a new equity injection of KES 60B.. we shall be all balanced out with positive equity
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Rank: Veteran Joined: 8/28/2015 Posts: 1,247
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obiero wrote:muandiwambeu wrote:sparkly wrote:obiero wrote:Impunity wrote:sparkly wrote:[quote=ArrestedDev] They have realized that liquidating assets is not the solution. Quote:The company’s management, which was expecting to raise about Sh2.25 billion from the transactions, has now decided to sell only five acres to Kemsa and shelve the other transaction. The land sold to Kemsa has been rented by the government’s medical logistics provider for decades. http://www.nation.co.ke/...35632-uaqmkr/index.html[/quote] Even if they sell off all assets, they will still be left with a 35B hole. Hard drugs, sorry hard truth! Time will tell.. Only 51 odd days to end of a marvelous H1 Time already told. Historical data says liabilities exceed assets by 35B. If marvelous = 1B profit after tax, KQ needs a 35 marvelouses to equate assets and liabilities. in other words and literally17 years and six months to pay shareholders a cent. however on growth basis, making an ass of you and me, ie assuming growth to be an average annualised net profit of 5b, seven years and six months. @obiero hiyo hesabu ya karne na decades mimi miaka yangu ailewi. how old is @obiero? @obiero is close to 30 years old.. hio hesabu imewekwa na maadui wa KQ, the negative equity issue shall be addressed in the next 2 weeks by a new equity injection of KES 60B.. we shall be all balanced out with positive equity ,Behold, a sower went forth to sow;....
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