Wazua
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Kenya Airways...why ignore..
Rank: Chief Joined: 1/3/2007 Posts: 18,371 Location: Nairobi
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http://www.businessdaily...74632-d18sff/index.html
"The airline recognised a Sh1.4 billion loss in the year ended March 2016, with the balance of Sh2.5 billion expected to filter through over the coming years as the contracts roll on in the medium term." "KQ chief executive Mbuvi Ngunze said at the time of signing the lease contracts that they would reduce fleet costs by Sh8.4 billion annually, indicating that sub-leasing at a loss (which was not disclosed at the time) represents a lesser evil compared to maintaining a bloated fleet." "KQ did not indicate whether the upcoming sub-leasing deals with the same carriers will also leave it underwater or whether it will break even or book a profit." "This saw its net worth worsen to negative Sh35.6 billion from negative Sh5.9 billion over the same period." Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Member Joined: 5/29/2016 Posts: 898 Location: Nairobi
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VituVingiSana wrote:http://www.businessdailyafrica.com/Corporate-News/539550-3374632-d18sff/index.html
"The airline recognised a Sh1.4 billion loss in the year ended March 2016, with the balance of Sh2.5 billion expected to filter through over the coming years as the contracts roll on in the medium term."
"KQ chief executive Mbuvi Ngunze said at the time of signing the lease contracts that they would reduce fleet costs by Sh8.4 billion annually, indicating that sub-leasing at a loss (which was not disclosed at the time) represents a lesser evil compared to maintaining a bloated fleet."
"KQ did not indicate whether the upcoming sub-leasing deals with the same carriers will also leave it underwater or whether it will break even or book a profit."
"This saw its net worth worsen to negative Sh35.6 billion from negative Sh5.9 billion over the same period." Ngunze with his team of incompetent managers should be shown the door.These aircrafts should not have left the fleet in the first place. I hope the Oman Air runway collision with a stationary aircraft in Tehran did not involve a KQ B787. The upcoming AGM should be used to nail these individuals. KQ should have a dedicated aircraft leasing department staffed with people who are subject matter experts. Leasing and sub-leasing of planes should not be left to directors and the procurement department. @maka - Are there any other upcoming sub-leasing deals? Which routes are being terminated as the article alleges?
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Rank: Elder Joined: 9/20/2015 Posts: 2,811 Location: Mombasa
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obiero wrote:The Great wrote:obiero wrote:VituVingiSana wrote:obiero wrote:VituVingiSana wrote:Impunity wrote:Spikes wrote:Another blow to KQ after plane leasing deal unleashes Kshs 4B loss!
Sub 3bob in the offing. Sit tight. @Obiero umepatikana . No escape route. Accept multiple haircuts and move on.#Business Daily Africa@ Sub 3 is still too expensive, sub-2 is the thing! 2/- is 2/- too much for KQ. Why are we up 5.8% today?? All clear for take off. The media has it in for KQ.. Bringing up info in last year's annual report released month's ago at this time Now at 7.5% up.. This plane is on the runway As of 1pm, according to myStocks, KQ has traded 2,700 shares worth KES 9,830  Not 9,800 shares but KES 9,830/-! So yes, KQ is up 7.5% on vapor volumes! TPSEA, much smaller in revenue than KQ has traded KES 199,000 worth. We are on the runway with vapor volumes because serious players are now on the floor What will it take for you to accept your haircut(or is it head skinning)? Suspension @obiero please do explaining. We need more knowledge on this issue. When a company is suspended from trading, does it come like a thief or is it a warning notice given by CMA for investors to exit if they wish to do so? What exactly happens? John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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Rank: Elder Joined: 6/23/2009 Posts: 14,320 Location: nairobi
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Spikes wrote:obiero wrote:The Great wrote:obiero wrote:VituVingiSana wrote:obiero wrote:VituVingiSana wrote:Impunity wrote:Spikes wrote:Another blow to KQ after plane leasing deal unleashes Kshs 4B loss!
Sub 3bob in the offing. Sit tight. @Obiero umepatikana . No escape route. Accept multiple haircuts and move on.#Business Daily Africa@ Sub 3 is still too expensive, sub-2 is the thing! 2/- is 2/- too much for KQ. Why are we up 5.8% today?? All clear for take off. The media has it in for KQ.. Bringing up info in last year's annual report released month's ago at this time Now at 7.5% up.. This plane is on the runway As of 1pm, according to myStocks, KQ has traded 2,700 shares worth KES 9,830 Not 9,800 shares but KES 9,830/-! So yes, KQ is up 7.5% on vapor volumes! TPSEA, much smaller in revenue than KQ has traded KES 199,000 worth. We are on the runway with vapor volumes because serious players are now on the floor What will it take for you to accept your haircut(or is it head skinning)? Suspension @obiero please do explaining. We need more knowledge on this issue. When a company is suspended from trading, does it come like a thief or is it a warning notice given by CMA for investors to exit if they wish to do so? What exactly happens? It comes like a thief unless you have Intel.. The matter was discussed at some point but shelved courtesy of one Dr who reps GOK.. It could have reoccured depending on H1 since the accusations will be that the share continues to suck in traders to loss positions with 4 straight years of negative earnings, but luckily KQ now has an Operating Profit..  COOP, IMH, KEGN, KQ, MTNU
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Rank: Veteran Joined: 8/28/2015 Posts: 1,247
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obiero wrote:Spikes wrote:obiero wrote:The Great wrote:obiero wrote:VituVingiSana wrote:obiero wrote:VituVingiSana wrote:Impunity wrote:Spikes wrote:Another blow to KQ after plane leasing deal unleashes Kshs 4B loss!
Sub 3bob in the offing. Sit tight. @Obiero umepatikana . No escape route. Accept multiple haircuts and move on.#Business Daily Africa@ Sub 3 is still too expensive, sub-2 is the thing! 2/- is 2/- too much for KQ. Why are we up 5.8% today?? All clear for take off. The media has it in for KQ.. Bringing up info in last year's annual report released month's ago at this time Now at 7.5% up.. This plane is on the runway As of 1pm, according to myStocks, KQ has traded 2,700 shares worth KES 9,830 Not 9,800 shares but KES 9,830/-! So yes, KQ is up 7.5% on vapor volumes! TPSEA, much smaller in revenue than KQ has traded KES 199,000 worth. We are on the runway with vapor volumes because serious players are now on the floor What will it take for you to accept your haircut(or is it head skinning)? Suspension @obiero please do explaining. We need more knowledge on this issue. When a company is suspended from trading, does it come like a thief or is it a warning notice given by CMA for investors to exit if they wish to do so? What exactly happens? It comes like a thief unless you have Intel.. The matter was discussed at some point but shelved courtesy's of one Dr who reps GOK.. It could have reoccured depending on H1 since the accusations will be that the share continues to suck in traders to loss positions with 4 straight years of negative earnings, but luckily KQ now has an Operating Profit..  @obiero pulls another one for the unsuspecting wanjiku. capital preservation mode in top gear. how about posting your portfolio here we see how you manages to do it. ,Behold, a sower went forth to sow;....
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Rank: Elder Joined: 3/2/2009 Posts: 26,331 Location: Masada
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muandiwambeu wrote:obiero wrote:Spikes wrote:obiero wrote:The Great wrote:obiero wrote:VituVingiSana wrote:obiero wrote:VituVingiSana wrote:Impunity wrote:Spikes wrote:Another blow to KQ after plane leasing deal unleashes Kshs 4B loss!
Sub 3bob in the offing. Sit tight. @Obiero umepatikana . No escape route. Accept multiple haircuts and move on.#Business Daily Africa@ Sub 3 is still too expensive, sub-2 is the thing! 2/- is 2/- too much for KQ. Why are we up 5.8% today?? All clear for take off. The media has it in for KQ.. Bringing up info in last year's annual report released month's ago at this time Now at 7.5% up.. This plane is on the runway As of 1pm, according to myStocks, KQ has traded 2,700 shares worth KES 9,830 Not 9,800 shares but KES 9,830/-! So yes, KQ is up 7.5% on vapor volumes! TPSEA, much smaller in revenue than KQ has traded KES 199,000 worth. We are on the runway with vapor volumes because serious players are now on the floor What will it take for you to accept your haircut(or is it head skinning)? Suspension @obiero please do explaining. We need more knowledge on this issue. When a company is suspended from trading, does it come like a thief or is it a warning notice given by CMA for investors to exit if they wish to do so? What exactly happens? It comes like a thief unless you have Intel.. The matter was discussed at some point but shelved courtesy's of one Dr who reps GOK.. It could have reoccured depending on H1 since the accusations will be that the share continues to suck in traders to loss positions with 4 straight years of negative earnings, but luckily KQ now has an Operating Profit.. @obiero pulls another one for the unsuspecting wanjiku. capital preservation mode in top gear. how about posting your portfolio here we see how you manages to do it. Pump and dump. Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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Rank: Elder Joined: 6/23/2009 Posts: 14,320 Location: nairobi
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COOP, IMH, KEGN, KQ, MTNU
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Rank: Member Joined: 5/29/2016 Posts: 898 Location: Nairobi
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I alluded to suspension sometimes here but you brushed off. The half year results will be worse than your projection.
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Rank: Elder Joined: 9/20/2015 Posts: 2,811 Location: Mombasa
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ArrestedDev wrote:I alluded to suspension sometimes here but you brushed off. The half year results will be worse than your projection.  John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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Now that KQ might be going to States soon guess where they will be getting the plane or 2 from? possunt quia posse videntur
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Wazua
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Kenya Airways...why ignore..
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