Wazua
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Kenya Airways...why ignore..
Rank: Chief Joined: 1/3/2007 Posts: 18,383 Location: Nairobi
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obiero wrote:sparkly wrote:obiero wrote:VituVingiSana wrote:ARAP CHARLES wrote:Impunity wrote:obiero wrote:Spikes wrote:obiero wrote:ArrestedDev wrote:maka wrote:obiero wrote:[quote=maka]http://www.businessdailyafrica.com/Corporate-News/KQ-reveals-additional-Sh3bn-accounting-loss-/539550-3439020-mj8qis/index.html The wise Ngunze saved KQ from certain collapse You wish... Ngunze is a total mess. I cannot wait for his exit for his blunders to be unearthed. There is more to come. @maka,I am not sure where Business Daily is getting the additional aircrafts to be leased out to Turkish and Oman Air! Cashed out 411,000 KQ shares @Obiero any exchange bar information? I had a loan on the 411,000 shares so I had to clear out the debt. Initial placement KES 1,479,600, eventual sale worth KES 2,794,800 Then you should have sold the equivalent value of KES.1,479,600 with say 10% cap for interest and leave the rest on your portfolio!  My Best advice was not to sell if I were you. looking at the demand cap today... your 12ksh. is gonna be very much fetched.. It seems you are the one to bite the bigger fingers.. Well, are you taking your own medicine and buying more KQ? http://www.businessdaily...0178-2ouykfz/index.html[/quote] Whatever you are doing now, you are a genius until the Co gets delisted and you get stuck with worthless shares for 10 years. High risk, high return.. That's my investment code Pssst, don't tell anyone but there's Mumias, Olympia and even Express for you! High Risk. 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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Ngunze in Kenya Airways to stay, says Michael Joseph http://www.businessdaily...1182-100aq4ez/index.htmlGreedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 6/23/2009 Posts: 14,329 Location: nairobi
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[quote=VituVingiSana]Ngunze in Kenya Airways to stay, says Michael Joseph http://www.businessdaily...182-100aq4ez/index.html[/quote] KES 7 printed today with a volume of 1,359,300 http://www.businessdaily...tem-1-n0ulcaz/index.html COOP, IMH, KEGN, KQ, MTNU
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Rank: Member Joined: 2/8/2007 Posts: 808
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poor pilots. The price retreats on Monday. Just wondering how they will ever raise equity capital when Mbuvi is at the helm. A classic case of a cat chasing it's tail while stuck at the bottom of a hole rather than climbing out.
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Rank: Elder Joined: 6/23/2009 Posts: 14,329 Location: nairobi
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Kausha wrote:poor pilots. The price retreats on Monday. Just wondering how they will ever raise equity capital when Mbuvi is at the helm. A classic case of a cat chasing it's tail while stuck at the bottom of a hole rather than climbing out. The price is more likely to rise than fall COOP, IMH, KEGN, KQ, MTNU
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Rank: Member Joined: 2/8/2007 Posts: 808
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Rank: Elder Joined: 6/23/2009 Posts: 14,329 Location: nairobi
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Yes, Monday.. Stability has been brought to the labor pool at KQ with KALPA blessings.. That's a positive sign unless you convince us otherwise COOP, IMH, KEGN, KQ, MTNU
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Rank: Member Joined: 5/29/2016 Posts: 898 Location: Nairobi
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[quote=obiero][quote=VituVingiSana]Ngunze in Kenya Airways to stay, says Michael Joseph http://www.businessdaily...182-100aq4ez/index.html[/quote] KES 7 printed today with a volume of 1,359,300 http://www.businessdaily...em-1-n0ulcaz/index.html[/quote] Another strike early next year. Unless, he is there to help with debt restructuring and audit since he has questions to answer on some decisions made e.g. how these loans were single sourced. @obiero, you earlier reported that renegotiations of the terms of the loans was over and only a few banks refused? It seems the exercise has never been done.
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Rank: Elder Joined: 6/23/2009 Posts: 14,329 Location: nairobi
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ArrestedDev wrote:[quote=obiero][quote=VituVingiSana]Ngunze in Kenya Airways to stay, says Michael Joseph http://www.businessdaily...182-100aq4ez/index.html[/quote] KES 7 printed today with a volume of 1,359,300 http://www.businessdaily...em-1-n0ulcaz/index.html[/quote] Another strike early next year. Unless, he is there to help with debt restructuring and audit since he has questions to answer on some decisions made e.g. how these loans were single sourced. @obiero, you earlier reported that renegotiations of the terms of the loans was over and only a few banks refused? It seems the exercise has never been done. He already negotiated with 10+ lenders only 3 had initially said no.. Those are the ones being targeted since they form bulk of the KQ creditors COOP, IMH, KEGN, KQ, MTNU
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Rank: Member Joined: 5/29/2016 Posts: 898 Location: Nairobi
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obiero wrote:ArrestedDev wrote:[quote=obiero][quote=VituVingiSana]Ngunze in Kenya Airways to stay, says Michael Joseph http://www.businessdaily...182-100aq4ez/index.html[/quote] KES 7 printed today with a volume of 1,359,300 http://www.businessdaily...em-1-n0ulcaz/index.html[/quote] Another strike early next year. Unless, he is there to help with debt restructuring and audit since he has questions to answer on some decisions made e.g. how these loans were single sourced. @obiero, you earlier reported that renegotiations of the terms of the loans was over and only a few banks refused? It seems the exercise has never been done. He already negotiated with 10+ lenders only 3 had initially said no.. Those are the ones being targeted since they form bulk of the KQ creditors Let's wait and see if the interest expense will come down soon, otherwise, the negative equity is going to widen by end of march next year. MJ commands respect.He has been camping at KQ seeking to understand the business and this is very encouraging as he will pick the flaws very easily considering his wealth of management experience. I am not surprised that Ngunze will stay on. He stated clearly what he wants him to do and this might present an opportunity for MJ to confirm if indeed this guy is incompetent or otherwise. It wont take him long to determine. Furthermore, before any decision is made by the management going forward, MJ has to endorse it.
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Kenya Airways...why ignore..
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