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Kenya Airways...why ignore..
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muandiwambeu
#5261 Posted : Monday, August 08, 2016 12:00:41 PM
Rank: Veteran

Joined: 8/28/2015
Posts: 1,247
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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VituVingiSana
#5262 Posted : Monday, August 08, 2016 8:54:09 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,353
Location: Nairobi
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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VituVingiSana
#5263 Posted : Monday, August 08, 2016 9:03:07 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,353
Location: Nairobi
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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murchr
#5264 Posted : Tuesday, August 09, 2016 1:54:18 AM
Rank: Elder

Joined: 2/26/2012
Posts: 15,980
"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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ArrestedDev
#5265 Posted : Tuesday, August 09, 2016 3:09:57 AM
Rank: Member

Joined: 5/29/2016
Posts: 898
Location: Nairobi
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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ArrestedDev
#5266 Posted : Tuesday, August 09, 2016 3:17:34 AM
Rank: Member

Joined: 5/29/2016
Posts: 898
Location: Nairobi
murchr 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.
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obiero
#5267 Posted : Tuesday, August 09, 2016 7:18:39 AM
Rank: Elder

Joined: 6/23/2009
Posts: 14,231
Location: nairobi
ArrestedDev wrote:
murchr 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

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obiero
#5268 Posted : Tuesday, August 09, 2016 1:12:38 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,231
Location: nairobi
32 GUESTS on this thread.. Why ignore??

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jerry
#5269 Posted : Tuesday, August 09, 2016 1:42:52 PM
Rank: Elder

Joined: 9/29/2006
Posts: 2,570
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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VituVingiSana
#5270 Posted : Tuesday, August 09, 2016 2:12:33 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,353
Location: Nairobi
obiero wrote:
32 GUESTS on this thread.. Why ignore??

Watching my taxes being flushed down the toilet... Sad Sad Sad
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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