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Kenya Airways...why ignore..
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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Rank: Chief Joined: 1/3/2007 Posts: 18,383 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?
What an insightful question! Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Chief Joined: 1/3/2007 Posts: 18,383 Location: Nairobi
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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. Here's a thought. Instead of putting in KES 60bn into KQ's current operations aka Black Hole... KK has 1.5bn shares. At 20/- each = 30bn. KK (expects) to make KES 2.5bn PAT after the 400mn KPRL write-off. So KQ can start earning KES 2.5bn PAT with just a 30bn investment. And KK can manage the fuel supply instead of KQ's (corrupt) finance folks who handled derivatives. Instead of 35 marvelous years making KES 1bn... KQ can fill the 35bn hole in less than 10 years [increasing profits] if Ohana is left alone. Eventually, let a competent guy like Ohana run KQ. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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"There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
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Rank: Member Joined: 5/29/2016 Posts: 898 Location: Nairobi
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VituVingiSana 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. Here's a thought. Instead of putting in KES 60bn into KQ's current operations aka Black Hole... KK has 1.5bn shares. At 20/- each = 30bn. KK (expects) to make KES 2.5bn PAT after the 400mn KPRL write-off. So KQ can start earning KES 2.5bn PAT with just a 30bn investment. And KK can manage the fuel supply instead of KQ's (corrupt) finance folks who handled derivatives. Instead of 35 marvelous years making KES 1bn... KQ can fill the 35bn hole in less than 10 years [increasing profits] if Ohana is left alone. Eventually, let a competent guy like Ohana run KQ. Some sense there. A competent individual and team of senior managers will deliver better results. Ohana is indeed a living testimony. Sell assets and use it specifically to retire debt starting with the most expensive one.
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Rank: Member Joined: 5/29/2016 Posts: 898 Location: Nairobi
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Marginal growth as compared to the previous year. If it cannot buy a cup of tea, do you expect it pay off the expensive loans and hedging losses and still turn a profit? It is not possible. The ebola explanation given previously was just trying to lay blame on anything that was on the headlines. The real monster in the room is poor commercial strategy including ticket pricing. Without a substantial Commercial director, there is nothing to celebrate going forward.
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Rank: Elder Joined: 6/23/2009 Posts: 14,329 Location: nairobi
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ArrestedDev wrote:Marginal growth as compared to the previous year. If it cannot buy a cup of tea, do you expect it pay off the expensive loans and hedging losses and still turn a profit? It is not possible. The ebola explanation given previously was just trying to lay blame on anything that was on the headlines. The real monster in the room is poor commercial strategy including ticket pricing. Without a substantial Commercial director, there is nothing to celebrate going forward. The cup of tea phrase was elaborative speech.. Fact is more cash is being brought in by the increasing passenger numbers.. 28% jump is significant COOP, IMH, KEGN, KQ, MTNU
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Rank: Elder Joined: 6/23/2009 Posts: 14,329 Location: nairobi
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32 GUESTS on this thread.. Why ignore?? COOP, IMH, KEGN, KQ, MTNU
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Rank: Elder Joined: 9/29/2006 Posts: 2,570
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obiero wrote:32 GUESTS on this thread.. Why ignore?? Who can tell the guests when KQ last paid a dvd? The guests are now 3! The opposite of courage is not cowardice, it's conformity.
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Rank: Chief Joined: 1/3/2007 Posts: 18,383 Location: Nairobi
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obiero wrote:32 GUESTS on this thread.. Why ignore?? Watching my taxes being flushed down the toilet...  Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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