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Ericsson
#21 Posted : Thursday, October 27, 2016 10:59:47 PM
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Joined: 12/4/2009
Posts: 10,702
Location: NAIROBI
After looting KQ together with Ngunze and Naikuni, Dennis Awori resigns. It will take another Mzungu (Michael Joseph) to rescue KQ after Brian Davies rescued it in the 90s.
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Angelica _ann
#22 Posted : Thursday, October 27, 2016 11:03:03 PM
Rank: Elder


Joined: 12/7/2012
Posts: 11,908
Ericsson wrote:
After looting KQ together with Ngunze and Naikuni, Dennis Awori resigns. It will take another Mzungu (Michael Joseph) to rescue KQ after Brian Davies rescued it in the 90s.

Very sad indeed, and the culprits are just walking scot free among us Sad Sad Sad
In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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murchr
#23 Posted : Thursday, October 27, 2016 11:03:45 PM
Rank: Elder


Joined: 2/26/2012
Posts: 15,980
Ericsson wrote:
After looting KQ together with Ngunze and Naikuni, Dennis Awori resigns. It will take another Mzungu (Michael Joseph) to rescue KQ after Brian Davies rescued it in the 90s.


I thought Dennis joined KQ 11 months ago?
"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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VituVingiSana
#24 Posted : Friday, October 28, 2016 5:26:27 AM
Rank: Chief


Joined: 1/3/2007
Posts: 18,121
Location: Nairobi
murchr wrote:
Ericsson wrote:
After looting KQ together with Ngunze and Naikuni, Dennis Awori resigns. It will take another Mzungu (Michael Joseph) to rescue KQ after Brian Davies rescued it in the 90s.


I thought Dennis joined KQ 11 months ago?
Awori was handed a poisoned chalice as the NON-EXECUTIVE chairman. The culprits like Naikuni and Mbugua (among others) are enjoying their ill-gotten wealth.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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chiaroscuro
#25 Posted : Friday, October 28, 2016 8:46:23 AM
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Joined: 2/2/2012
Posts: 1,134
Location: Nairobi
Note: The position of Chairman at KQ is Non-Executive.
There is very little Michael Joseph can do to help the company...apart from boost "investor confidence"...and you can see it in how well a Sh4.6bn loss was received!

If KQ makes Sh1bn net profit after tax every year, it will take 38 years before investors can start getting dividends.

So: why are people buying this bankrupt company?
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maka
#26 Posted : Friday, October 28, 2016 8:51:55 AM
Rank: Elder


Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
chiaroscuro wrote:
Note: The position of Chairman at KQ is Non-Executive.
There is very little Michael Joseph can do to help the company...apart from boost "investor confidence"...and you can see it in how well a Sh4.6bn loss was received!

If KQ makes Sh1bn net profit after tax every year, it will take 38 years before investors can start getting dividends.

So: why are people buying this bankrupt company?


#AskObiero
possunt quia posse videntur
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