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Kenya Airways...why ignore..
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VituVingiSana
#5361 Posted : Wednesday, August 17, 2016 11:30:51 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,353
Location: Nairobi
When even AKS is pessimistic about KQ...

http://www.nation.co.ke/...16178-bnefr9z/index.html
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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VituVingiSana
#5362 Posted : Thursday, August 18, 2016 12:32:26 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,353
Location: Nairobi
Uganda in plans to relaunch national carrier, upgrade Entebbe airport

http://www.theeastafrica...43756-nw4qwvz/index.html
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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sparkly
#5363 Posted : Thursday, August 18, 2016 6:39:48 AM
Rank: Elder

Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
obiero wrote:
maka wrote:
obiero wrote:
maka wrote:
ArrestedDev wrote:
obiero wrote:
@arresteddev only time will tell whether KQ shall sink further

The road to recovery is long and treacherous. A competent management is required going forward. It is evident Ngunze is not the right person. Today he says one thing and tomorrow another thing. Any gains at the operating level will be wiped out by hedging losses and finance costs.


@Obiero what is the average tenor of their loans?How much are they owed?

13 local banks have lent to KQ amounts in excess of KES 52 billion shillings. 11 banks, 7 months ago agreed to restructure the tenor from 1-3 years to 7 years. But two refused, leading to average tenor of 4 years


Good what is the average interest rate for the loans?

15.5%


Milking a dead cow.
Life is short. Live passionately.
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VituVingiSana
#5364 Posted : Thursday, August 18, 2016 10:11:50 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,353
Location: Nairobi
The sad bit is I am a shareholder in KQ.
[The idiots in GoK keep on pumping Taxpayer cash into this dead beast and my "stake" keeps on growing in size but not value]
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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maka
#5365 Posted : Thursday, August 18, 2016 11:37:41 AM
Rank: Elder

Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
VituVingiSana wrote:
obiero wrote:
VituVingiSana wrote:
obiero wrote:
maka wrote:
ArrestedDev wrote:
obiero wrote:
@arresteddev only time will tell whether KQ shall sink further

The road to recovery is long and treacherous. A competent management is required going forward. It is evident Ngunze is not the right person. Today he says one thing and tomorrow another thing. Any gains at the operating level will be wiped out by hedging losses and finance costs.


@Obiero what is the average tenor of their loans?How much are they owed?

13 local banks have lent to KQ amounts in excess of KES 52 billion shillings. 11 banks, 7 months ago agreed to restructure the tenor from 1-3 years to 7 years. But two refused, leading to average tenor of 4 years

Which 2 banks refused? [Smart management]

Kaburu banks


Which banks have lent KQ money?
Please list names and amounts. Asante.
Why did the 2 Kaburu banks refuse?
Have they been paid?

Dear @Bankers @Auditors, I wonder, according to CBK/Opus guidelines, whether the loans to KQ are considered NPLs?


Must be NPLs...they are living hand to mouth.Wait for kidogo sales pay a few people default on others...vicious cycle.
possunt quia posse videntur
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obiero
#5366 Posted : Thursday, August 18, 2016 1:35:06 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,232
Location: nairobi
maka wrote:
VituVingiSana wrote:
obiero wrote:
VituVingiSana wrote:
obiero wrote:
maka wrote:
ArrestedDev wrote:
obiero wrote:
@arresteddev only time will tell whether KQ shall sink further

The road to recovery is long and treacherous. A competent management is required going forward. It is evident Ngunze is not the right person. Today he says one thing and tomorrow another thing. Any gains at the operating level will be wiped out by hedging losses and finance costs.


@Obiero what is the average tenor of their loans?How much are they owed?

13 local banks have lent to KQ amounts in excess of KES 52 billion shillings. 11 banks, 7 months ago agreed to restructure the tenor from 1-3 years to 7 years. But two refused, leading to average tenor of 4 years

Which 2 banks refused? [Smart management]

Kaburu banks


Which banks have lent KQ money?
Please list names and amounts. Asante.
Why did the 2 Kaburu banks refuse?
Have they been paid?

Dear @Bankers @Auditors, I wonder, according to CBK/Opus guidelines, whether the loans to KQ are considered NPLs?


Must be NPLs...they are living hand to mouth.Wait for kidogo sales pay a few people default on others...vicious cycle.

They are NPLs but not hardcore
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ArrestedDev
#5367 Posted : Thursday, August 18, 2016 1:59:24 PM
Rank: Member

Joined: 5/29/2016
Posts: 898
Location: Nairobi
obiero wrote:
maka wrote:
VituVingiSana wrote:
obiero wrote:
VituVingiSana wrote:
obiero wrote:
maka wrote:
ArrestedDev wrote:
obiero wrote:
@arresteddev only time will tell whether KQ shall sink further

The road to recovery is long and treacherous. A competent management is required going forward. It is evident Ngunze is not the right person. Today he says one thing and tomorrow another thing. Any gains at the operating level will be wiped out by hedging losses and finance costs.


@Obiero what is the average tenor of their loans?How much are they owed?

13 local banks have lent to KQ amounts in excess of KES 52 billion shillings. 11 banks, 7 months ago agreed to restructure the tenor from 1-3 years to 7 years. But two refused, leading to average tenor of 4 years

Which 2 banks refused? [Smart management]

Kaburu banks


Which banks have lent KQ money?
Please list names and amounts. Asante.
Why did the 2 Kaburu banks refuse?
Have they been paid?

Dear @Bankers @Auditors, I wonder, according to CBK/Opus guidelines, whether the loans to KQ are considered NPLs?


Must be NPLs...they are living hand to mouth.Wait for kidogo sales pay a few people default on others...vicious cycle.

They are NPLs but not hardcore


The precarious cash flow situation is going to persist. I am sure the loan borrowed by treasury on their behalf is already finished. The proceeds from sales is also not enough since if there is demand and group bookings the capacity is not there. It is a very difficult period for KQ. I wonder why Ngunze can't throw in the towel now. There is nothing he can do differently.
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Ebenyo
#5368 Posted : Thursday, August 18, 2016 2:12:50 PM
Rank: Veteran

Joined: 4/4/2016
Posts: 2,016
Location: Kitale
As things currently stand at KQ,i will not understand the reason a small investor will continue keeping his cash their.
Current return on equity: -0.7
current return on assets: -0.2
Debt to equity ratio: 544%

If KQ was to be liquidated today,all shareholders,big and small will not get even a single coin.
The total assets worth kshs 158,415,000,000 is not even enough to pay creditors.They will have to auction Nguze and the board members properties to raise the additional ksh 35,667,000,000.
It will take atleast the next 6 years for kq to return to positive equity.This is because revenue increase is currently at 5% Yoy.And this is on assumption that it will maintain the same trend.
I will need someone to tell me other reasons why i should buy this share.Based on the current financial results,i wont touch this share unless Jesus tells me to buy.
kq is just surviving on the mercies of creditors.
Towards the goal of financial freedom
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  | | Edit by user: Thursday, August 18, 2016 2:19 PM | Reason: Not specified
mulla
#5369 Posted : Thursday, August 18, 2016 4:58:46 PM
Rank: Member

Joined: 6/15/2013
Posts: 301
Ebenyo wrote:
As things currently stand at KQ,i will not understand the reason a small investor will continue keeping his cash their.
Current return on equity: -0.7
current return on assets: -0.2
Debt to equity ratio: 544%

If KQ was to be liquidated today,all shareholders,big and small will not get even a single coin.
The total assets worth kshs 158,415,000,000 is not even enough to pay creditors.They will have to auction Nguze and the board members properties to raise the additional ksh 35,667,000,000.
It will take atleast the next 6 years for kq to return to positive equity.This is because revenue increase is currently at 5% Yoy.And this is on assumption that it will maintain the same trend.
I will need someone to tell me other reasons why i should buy this share.Based on the current financial results,i wont touch this share unless Jesus tells me to buy.
kq is just surviving on the mercies of creditors.

Laughing out loudly I got out of this bus amid at a very high loss. KQ was a stain on my sparkling clean white shirt(portfolio). I cant help but feel KQ is Mumias all over again....in every way from loss making, management issues, bail outs etc
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obiero
#5370 Posted : Thursday, August 18, 2016 6:03:01 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,232
Location: nairobi
mulla wrote:
Ebenyo wrote:
As things currently stand at KQ,i will not understand the reason a small investor will continue keeping his cash their.
Current return on equity: -0.7
current return on assets: -0.2
Debt to equity ratio: 544%

If KQ was to be liquidated today,all shareholders,big and small will not get even a single coin.
The total assets worth kshs 158,415,000,000 is not even enough to pay creditors.They will have to auction Nguze and the board members properties to raise the additional ksh 35,667,000,000.
It will take atleast the next 6 years for kq to return to positive equity.This is because revenue increase is currently at 5% Yoy.And this is on assumption that it will maintain the same trend.
I will need someone to tell me other reasons why i should buy this share.Based on the current financial results,i wont touch this share unless Jesus tells me to buy.
kq is just surviving on the mercies of creditors.

Laughing out loudly I got out of this bus amid at a very high loss. KQ was a stain on my sparkling clean white shirt(portfolio). I cant help but feel KQ is Mumias all over again....in every way from loss making, management issues, bail outs etc

KQ must not be looked at in its current state but rather futuristically.. It will not make sense to many now
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