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Kenya Airways...why ignore.. end 2025
Rank: Elder Joined: 6/23/2009 Posts: 14,382 Location: nairobi
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VituVingiSana wrote:obiero wrote:VituVingiSana wrote:@Obiero - I think most of the posts that aren’t by you were warning you about KQ.
As for the Open Offer, which I never understood, why would anyone want to give Minorities shares at a discount after they saved KQ from bankruptcy?
If GoK and KQLC had not done a Debt Conversion, then KQ would have been bankrupt.
Good luck while I battle the demons at KenRe! It would have been OK if the management never promised the Open Offer.. But they put it in writing! And shareholders passed it at last year's EGM.. 1) Do you have the document re: Open Offer? 2) Circumstances change 3) What is an "Open Offer"? [I have never come across this in all my years at the NSE] @vvs here is the pdf check page 13 www.winda.co.ke/projectsafari.pdf COOP, KEGN, MTNU
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Rank: Elder Joined: 6/23/2009 Posts: 14,382 Location: nairobi
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muandiwambeu wrote:obiero wrote:Ericsson wrote:obiero wrote:I hang my head in shame! KQ has screwed us over, no concrete mention of the Open Offer date at the AGM I told you earlier. http://corporate.kenya-a...ion/AGM_Notice_2017.PDF I should have listened. But Michael Joseph said that "I am not a fraudster and never will become one.." I'm still digesting that statement "For the 9 month financial year, we carried 3.4M passengers at a cabin factor of 76.2%, Cargo business operated 2 freighters and generated a revenue of 54M $. We are still operating same fleet base and not extending any subleases of the planes." CEO; Sebastian Mikosz @obiero, you should have clearly seen that the open offer was not on the menu from that document. That is called daylight shaftin or else it happened to you while high on top notch dope men. Morning Glory is necessary.  Cha muhimu ni uhai COOP, KEGN, MTNU
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Rank: Member Joined: 5/29/2016 Posts: 898 Location: Nairobi
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maka wrote:Terrible figures.... Inaugural flight has 60 something (plus joyriders) ... Return 30... Thats highest number other flights have 10...18 etc infact one has 3...2 adults and a kid... Ground handling cost 4700 USD per dreamliner... Madness... GHA cost hapa Juba ni 600 USD. 3 months to go. Bookings should now trickle in. Cargo wise?
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Rank: Member Joined: 5/29/2016 Posts: 898 Location: Nairobi
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maka wrote:obiero wrote:maka wrote:Terrible figures.... Inaugural flight has 60 something (plus joyriders) ... Return 30... Thats highest number other flights have 10...18 etc infact one has 3...2 adults and a kid... Ground handling cost 4700 USD per dreamliner... Madness... GHA cost hapa Juba ni 600 USD. @maka the first two years of any route are usually not profitable First 3 but as I said Sebastian was told to do 3 flights weekly he totally refused... 3 would have been ideal... New routes to feed into this. It will take time to break even. Sebastian submitted a strategy and it has more routes. I expect KQ to net more pax as the quality of onboard product improves. No more stupid decisions and hence reduction in wastage of funds. Look at the figures that Itegi and Co. siphoned, it could have been enough to pay fuel for underperforming routes.
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Rank: Elder Joined: 3/2/2009 Posts: 26,335 Location: Masada
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VituVingiSana wrote:obiero wrote:Stiffler wrote:Out of ignorance, didnt anyone specifically raise a point of order and inquire about the Open Offer?! Me thinks for an agm to be an AGM people should be facilitated to ask questions. Otherwise it becomes a Public Briefing... Most of the retail investors at KQ are old people with limited knowledge and the KQ board therefore runs roughshod over the segment. A court case is likely to come up and a depressed share price in the interim period is imminent since no sane investor pre-restructure shall trade at such levels of loss. That being said, I never made it to todays AGM but would not have asked about the Open Offer even if I did attend. Want to see just how dark, the KQ management can get.. Hold on. This is your Alpha and Omega [investing-wise]. I have never seen anyone put in so much time and effort dissing anyone who dared question KQ's viability. And all those posts about the "Open Offer"... And you didn't go to the AGM? Let us all unite in thanking Oviedo later! Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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Rank: Veteran Joined: 7/1/2014 Posts: 928 Location: sky
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https://af.reuters.com/article/commoditiesNews/idAFL8N1TO1B9Kenya Airways will resume aviation fuel hedging in the second half of this year after price volatility drove up its costs, the airline’s CEO said on Friday. The proposal would enable Kenya Airways to increase its fleet from 32 to 55 and start flying to 20 new international destinations by 2022, an official government document seen by Reuters showed. The two statements above should worry kq shareholders alot. Hedging can again backfire, buying new planes almost double the current number needs billions There are only two emotions in the stock market, fear and hope. The problem is, you hope when you should fear and fear when you should hope
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Rank: Member Joined: 5/29/2016 Posts: 898 Location: Nairobi
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littledove wrote:https://af.reuters.com/article/commoditiesNews/idAFL8N1TO1B9Kenya Airways will resume aviation fuel hedging in the second half of this year after price volatility drove up its costs, the airline’s CEO said on Friday. The proposal would enable Kenya Airways to increase its fleet from 32 to 55 and start flying to 20 new international destinations by 2022, an official government document seen by Reuters showed. The two statements above should worry kq shareholders alot. Hedging can again backfire, buying new planes almost double the current number needs billions Without kickbacks, hedging can work for the good of the Company. More aircrafts are necessary for KQ to compete. It does not worry me at all.
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Rank: Chief Joined: 1/3/2007 Posts: 18,410 Location: Nairobi
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ArrestedDev wrote:littledove wrote:https://af.reuters.com/article/commoditiesNews/idAFL8N1TO1B9Kenya Airways will resume aviation fuel hedging in the second half of this year after price volatility drove up its costs, the airline’s CEO said on Friday. The proposal would enable Kenya Airways to increase its fleet from 32 to 55 and start flying to 20 new international destinations by 2022, an official government document seen by Reuters showed. The two statements above should worry kq shareholders alot. Hedging can again backfire, buying new planes almost double the current number needs billions Without kickbacks, hedging can work for the good of the Company. More aircrafts are necessary for KQ to compete. It does not worry me at all. And with GoK willing to coerce banks into lending more to KQ + subsidizing KQ by giving it JKIA + other bailouts... No worries. How many of KQ's directors own shares in KQ? Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 7/21/2010 Posts: 6,194 Location: nairobi
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littledove wrote:https://af.reuters.com/article/commoditiesNews/idAFL8N1TO1B9Kenya Airways will resume aviation fuel hedging in the second half of this year after price volatility drove up its costs, the airline’s CEO said on Friday. The proposal would enable Kenya Airways to increase its fleet from 32 to 55 and start flying to 20 new international destinations by 2022, an official government document seen by Reuters showed. The two statements above should worry kq shareholders alot. Hedging can again backfire, buying new planes almost double the current number needs billions Kenol kobil should stay very far from this gumbler "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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littledove wrote:https://af.reuters.com/article/commoditiesNews/idAFL8N1TO1B9Kenya Airways will resume aviation fuel hedging in the second half of this year after price volatility drove up its costs, the airline’s CEO said on Friday. The proposal would enable Kenya Airways to increase its fleet from 32 to 55 and start flying to 20 new international destinations by 2022, an official government document seen by Reuters showed. The two statements above should worry kq shareholders alot. Hedging can again backfire, buying new planes almost double the current number needs billions KQ cannot make an economic profit as long as it is exposed to competition in the international market place where national airlines are heavily subsidized. KQ can't compete with gulf airlines getting free fuel or European carriers getting loans at negative interest. To make a profit, GOK should give KQ a monopoly on uplifting passangers and cargo from Kenya. E.g. if KQ flies to London, GOK should not allow any other airline to pick from Kenya. Life is short. Live passionately.
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