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Rank: Chief Joined: 1/3/2007 Posts: 18,103 Location: Nairobi
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obiero wrote:VituVingiSana wrote:sparkly wrote:obiero wrote:Ebenyo wrote:Among the ailing companies in NSE Home Africa fares better!
Mumias leads in negative equity position of 15 billion,followed by uchumi at 3 billion,KQ at 2.4 billion,Trans-century at 944 million and Home Africa at 505 million. Its shameful to put HAFR and KQ in the same sentence. Would caliber of Martin Oduor, Caroline Ogwapitt, Michael Joseph join the board of HAFR? Even for one day? Let's get serious about what we post How many shares do those executives hold in KQ? Let me tell you, they have Zero, Nought, Nothing. They are just there for prestige and allowances. The only KQ Directors who hold KQ shares are: Nicholas Bodo - 1,050; Carol Musyoka - 6,675; and Michael Gichangi - 2,025. On the other hand the following Directors of HAFR have shares in the company: Ketan Shah - 4m; Mbugua Gecaga - 3m; and Dan Awendo - 256k. I feel better represented by directors who have skin in the game (to quote @VVS) than directors who are just there for prestige and allowances. Nicholas Bodo - 1,050; [Value 5k. One free one-way flight from NBO-MBA on economy 5k+] Carol Musyoka - 6,675; and [Value 34k. One free return flight from NBO-KGL on economy 34k+] Michael Gichangi - 2,025. [Value 10k. One free retun flight from NBO-MBA on economy 10k+] If I was offered a board seat on KQ, I would take it. For the perks. So would @sparkly. Or @obiero [who probably tried under Ngunze]  Skin in the game counts for nothing if you can imagine what happened to Panaurana of ARM.. The NSE is a dicy place meant only for those who can afford to lose it all On the other hand we have JM of Equity. Most GoK firms have "no-skin-in-the-game" boards and management KPLC NBK Uchumi EAPCC KQ Greedy 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: 13,517 Location: nairobi
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VituVingiSana wrote:obiero wrote:VituVingiSana wrote:sparkly wrote:obiero wrote:Ebenyo wrote:Among the ailing companies in NSE Home Africa fares better!
Mumias leads in negative equity position of 15 billion,followed by uchumi at 3 billion,KQ at 2.4 billion,Trans-century at 944 million and Home Africa at 505 million. Its shameful to put HAFR and KQ in the same sentence. Would caliber of Martin Oduor, Caroline Ogwapitt, Michael Joseph join the board of HAFR? Even for one day? Let's get serious about what we post How many shares do those executives hold in KQ? Let me tell you, they have Zero, Nought, Nothing. They are just there for prestige and allowances. The only KQ Directors who hold KQ shares are: Nicholas Bodo - 1,050; Carol Musyoka - 6,675; and Michael Gichangi - 2,025. On the other hand the following Directors of HAFR have shares in the company: Ketan Shah - 4m; Mbugua Gecaga - 3m; and Dan Awendo - 256k. I feel better represented by directors who have skin in the game (to quote @VVS) than directors who are just there for prestige and allowances. Nicholas Bodo - 1,050; [Value 5k. One free one-way flight from NBO-MBA on economy 5k+] Carol Musyoka - 6,675; and [Value 34k. One free return flight from NBO-KGL on economy 34k+] Michael Gichangi - 2,025. [Value 10k. One free retun flight from NBO-MBA on economy 10k+] If I was offered a board seat on KQ, I would take it. For the perks. So would @sparkly. Or @obiero [who probably tried under Ngunze] Skin in the game counts for nothing if you can imagine what happened to Panaurana of ARM.. The NSE is a dicy place meant only for those who can afford to lose it all On the other hand we have JM of Equity. Most GoK firms have "no-skin-in-the-game" boards and management KPLC NBK Uchumi EAPCC KQ True. You failed to list KENRE because of amnesia??
HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Chief Joined: 1/3/2007 Posts: 18,103 Location: Nairobi
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obiero wrote:VituVingiSana wrote:obiero wrote:VituVingiSana wrote:sparkly wrote:obiero wrote:Ebenyo wrote:Among the ailing companies in NSE Home Africa fares better!
Mumias leads in negative equity position of 15 billion,followed by uchumi at 3 billion,KQ at 2.4 billion,Trans-century at 944 million and Home Africa at 505 million. Its shameful to put HAFR and KQ in the same sentence. Would caliber of Martin Oduor, Caroline Ogwapitt, Michael Joseph join the board of HAFR? Even for one day? Let's get serious about what we post How many shares do those executives hold in KQ? Let me tell you, they have Zero, Nought, Nothing. They are just there for prestige and allowances. The only KQ Directors who hold KQ shares are: Nicholas Bodo - 1,050; Carol Musyoka - 6,675; and Michael Gichangi - 2,025. On the other hand the following Directors of HAFR have shares in the company: Ketan Shah - 4m; Mbugua Gecaga - 3m; and Dan Awendo - 256k. I feel better represented by directors who have skin in the game (to quote @VVS) than directors who are just there for prestige and allowances. Nicholas Bodo - 1,050; [Value 5k. One free one-way flight from NBO-MBA on economy 5k+] Carol Musyoka - 6,675; and [Value 34k. One free return flight from NBO-KGL on economy 34k+] Michael Gichangi - 2,025. [Value 10k. One free retun flight from NBO-MBA on economy 10k+] If I was offered a board seat on KQ, I would take it. For the perks. So would @sparkly. Or @obiero [who probably tried under Ngunze] Skin in the game counts for nothing if you can imagine what happened to Panaurana of ARM.. The NSE is a dicy place meant only for those who can afford to lose it all On the other hand we have JM of Equity. Most GoK firms have "no-skin-in-the-game" boards and management KPLC NBK Uchumi EAPCC KQ True. You failed to list KENRE because of amnesia?? It has done well compared to the others but fingers crossed. The firm has been profitable and NAV has been positive since I first started getting into KenRe to become a Tier 1 position. Mwarania has 100,000 shares (1.1mn value). Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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obiero wrote:VituVingiSana wrote:sparkly wrote:obiero wrote:Ebenyo wrote:Among the ailing companies in NSE Home Africa fares better!
Mumias leads in negative equity position of 15 billion,followed by uchumi at 3 billion,KQ at 2.4 billion,Trans-century at 944 million and Home Africa at 505 million. Its shameful to put HAFR and KQ in the same sentence. Would caliber of Martin Oduor, Caroline Ogwapitt, Michael Joseph join the board of HAFR? Even for one day? Let's get serious about what we post How many shares do those executives hold in KQ? Let me tell you, they have Zero, Nought, Nothing. They are just there for prestige and allowances. The only KQ Directors who hold KQ shares are: Nicholas Bodo - 1,050; Carol Musyoka - 6,675; and Michael Gichangi - 2,025. On the other hand the following Directors of HAFR have shares in the company: Ketan Shah - 4m; Mbugua Gecaga - 3m; and Dan Awendo - 256k. I feel better represented by directors who have skin in the game (to quote @VVS) than directors who are just there for prestige and allowances. Nicholas Bodo - 1,050; [Value 5k. One free one-way flight from NBO-MBA on economy 5k+] Carol Musyoka - 6,675; and [Value 34k. One free return flight from NBO-KGL on economy 34k+] Michael Gichangi - 2,025. [Value 10k. One free retun flight from NBO-MBA on economy 10k+] If I was offered a board seat on KQ, I would take it. For the perks. So would @sparkly. Or @obiero [who probably tried under Ngunze] Skin in the game counts for nothing if you can imagine what happened to Panaurana of ARM.. The NSE is a dicy place meant only for those who can afford to lose it all Panaurana cried when ARM went under. Which Directors will cry when KQ goes under? Life is short. Live passionately.
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Rank: Elder Joined: 6/23/2009 Posts: 13,517 Location: nairobi
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sparkly wrote:obiero wrote:VituVingiSana wrote:sparkly wrote:obiero wrote:Ebenyo wrote:Among the ailing companies in NSE Home Africa fares better!
Mumias leads in negative equity position of 15 billion,followed by uchumi at 3 billion,KQ at 2.4 billion,Trans-century at 944 million and Home Africa at 505 million. Its shameful to put HAFR and KQ in the same sentence. Would caliber of Martin Oduor, Caroline Ogwapitt, Michael Joseph join the board of HAFR? Even for one day? Let's get serious about what we post How many shares do those executives hold in KQ? Let me tell you, they have Zero, Nought, Nothing. They are just there for prestige and allowances. The only KQ Directors who hold KQ shares are: Nicholas Bodo - 1,050; Carol Musyoka - 6,675; and Michael Gichangi - 2,025. On the other hand the following Directors of HAFR have shares in the company: Ketan Shah - 4m; Mbugua Gecaga - 3m; and Dan Awendo - 256k. I feel better represented by directors who have skin in the game (to quote @VVS) than directors who are just there for prestige and allowances. Nicholas Bodo - 1,050; [Value 5k. One free one-way flight from NBO-MBA on economy 5k+] Carol Musyoka - 6,675; and [Value 34k. One free return flight from NBO-KGL on economy 34k+] Michael Gichangi - 2,025. [Value 10k. One free retun flight from NBO-MBA on economy 10k+] If I was offered a board seat on KQ, I would take it. For the perks. So would @sparkly. Or @obiero [who probably tried under Ngunze] Skin in the game counts for nothing if you can imagine what happened to Panaurana of ARM.. The NSE is a dicy place meant only for those who can afford to lose it all Panaurana cried when ARM went under. Which Directors will cry when KQ goes under? I keep telling people here. KQ is a national asset that shall never be let to go under..
HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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obiero wrote:sparkly wrote:obiero wrote:VituVingiSana wrote:sparkly wrote:obiero wrote:Ebenyo wrote:Among the ailing companies in NSE Home Africa fares better!
Mumias leads in negative equity position of 15 billion,followed by uchumi at 3 billion,KQ at 2.4 billion,Trans-century at 944 million and Home Africa at 505 million. Its shameful to put HAFR and KQ in the same sentence. Would caliber of Martin Oduor, Caroline Ogwapitt, Michael Joseph join the board of HAFR? Even for one day? Let's get serious about what we post How many shares do those executives hold in KQ? Let me tell you, they have Zero, Nought, Nothing. They are just there for prestige and allowances. The only KQ Directors who hold KQ shares are: Nicholas Bodo - 1,050; Carol Musyoka - 6,675; and Michael Gichangi - 2,025. On the other hand the following Directors of HAFR have shares in the company: Ketan Shah - 4m; Mbugua Gecaga - 3m; and Dan Awendo - 256k. I feel better represented by directors who have skin in the game (to quote @VVS) than directors who are just there for prestige and allowances. Nicholas Bodo - 1,050; [Value 5k. One free one-way flight from NBO-MBA on economy 5k+] Carol Musyoka - 6,675; and [Value 34k. One free return flight from NBO-KGL on economy 34k+] Michael Gichangi - 2,025. [Value 10k. One free retun flight from NBO-MBA on economy 10k+] If I was offered a board seat on KQ, I would take it. For the perks. So would @sparkly. Or @obiero [who probably tried under Ngunze] Skin in the game counts for nothing if you can imagine what happened to Panaurana of ARM.. The NSE is a dicy place meant only for those who can afford to lose it all Panaurana cried when ARM went under. Which Directors will cry when KQ goes under? I keep telling people here. KQ is a national asset that shall never be let to go under.. Let us debate this premise: 1. No asset or National Asset is too big to fai; 2. State priorities change. Project Mawingu was essentially a NARC economic revival project. UMK is just supporting KQ so that it doesn't die on his watch. He ignored the planned greenfield terminal & Runway. The next president might not give a damn about aviation. 3. Kenya has a sovereign risk. If it fails to honor foreign loans and guarantees, KQ will go down.. Life is short. Live passionately.
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Rank: Chief Joined: 1/3/2007 Posts: 18,103 Location: Nairobi
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sparkly wrote:obiero wrote:VituVingiSana wrote:sparkly wrote:obiero wrote:Ebenyo wrote:Among the ailing companies in NSE Home Africa fares better!
Mumias leads in negative equity position of 15 billion,followed by uchumi at 3 billion,KQ at 2.4 billion,Trans-century at 944 million and Home Africa at 505 million. Its shameful to put HAFR and KQ in the same sentence. Would caliber of Martin Oduor, Caroline Ogwapitt, Michael Joseph join the board of HAFR? Even for one day? Let's get serious about what we post How many shares do those executives hold in KQ? Let me tell you, they have Zero, Nought, Nothing. They are just there for prestige and allowances. The only KQ Directors who hold KQ shares are: Nicholas Bodo - 1,050; Carol Musyoka - 6,675; and Michael Gichangi - 2,025. On the other hand the following Directors of HAFR have shares in the company: Ketan Shah - 4m; Mbugua Gecaga - 3m; and Dan Awendo - 256k. I feel better represented by directors who have skin in the game (to quote @VVS) than directors who are just there for prestige and allowances. Nicholas Bodo - 1,050; [Value 5k. One free one-way flight from NBO-MBA on economy 5k+] Carol Musyoka - 6,675; and [Value 34k. One free return flight from NBO-KGL on economy 34k+] Michael Gichangi - 2,025. [Value 10k. One free retun flight from NBO-MBA on economy 10k+] If I was offered a board seat on KQ, I would take it. For the perks. So would @sparkly. Or @obiero [who probably tried under Ngunze] Skin in the game counts for nothing if you can imagine what happened to Panaurana of ARM.. The NSE is a dicy place meant only for those who can afford to lose it all Panaurana cried when ARM went under. Which Directors will cry when KQ goes under? Those that will lose their free flights! Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Member Joined: 3/8/2018 Posts: 507 Location: Nairobi
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These ones decided that they won't release FY 2018 results or?
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Rank: Elder Joined: 12/4/2009 Posts: 10,684 Location: NAIROBI
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rwitre wrote:These ones decided that they won't release FY 2018 results or? Wako league moja na East Africa cables and Tranny Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 6/23/2009 Posts: 13,517 Location: nairobi
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Why expect results release for a dying entity?
HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Elder Joined: 6/23/2009 Posts: 13,517 Location: nairobi
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sparkly wrote:obiero wrote:sparkly wrote:obiero wrote:VituVingiSana wrote:sparkly wrote:obiero wrote:Ebenyo wrote:Among the ailing companies in NSE Home Africa fares better!
Mumias leads in negative equity position of 15 billion,followed by uchumi at 3 billion,KQ at 2.4 billion,Trans-century at 944 million and Home Africa at 505 million. Its shameful to put HAFR and KQ in the same sentence. Would caliber of Martin Oduor, Caroline Ogwapitt, Michael Joseph join the board of HAFR? Even for one day? Let's get serious about what we post How many shares do those executives hold in KQ? Let me tell you, they have Zero, Nought, Nothing. They are just there for prestige and allowances. The only KQ Directors who hold KQ shares are: Nicholas Bodo - 1,050; Carol Musyoka - 6,675; and Michael Gichangi - 2,025. On the other hand the following Directors of HAFR have shares in the company: Ketan Shah - 4m; Mbugua Gecaga - 3m; and Dan Awendo - 256k. I feel better represented by directors who have skin in the game (to quote @VVS) than directors who are just there for prestige and allowances. Nicholas Bodo - 1,050; [Value 5k. One free one-way flight from NBO-MBA on economy 5k+] Carol Musyoka - 6,675; and [Value 34k. One free return flight from NBO-KGL on economy 34k+] Michael Gichangi - 2,025. [Value 10k. One free retun flight from NBO-MBA on economy 10k+] If I was offered a board seat on KQ, I would take it. For the perks. So would @sparkly. Or @obiero [who probably tried under Ngunze] Skin in the game counts for nothing if you can imagine what happened to Panaurana of ARM.. The NSE is a dicy place meant only for those who can afford to lose it all Panaurana cried when ARM went under. Which Directors will cry when KQ goes under? I keep telling people here. KQ is a national asset that shall never be let to go under.. Let us debate this premise: 1. No asset or National Asset is too big to fai; 2. State priorities change. Project Mawingu was essentially a NARC economic revival project. UMK is just supporting KQ so that it doesn't die on his watch. He ignored the planned greenfield terminal & Runway. The next president might not give a damn about aviation. 3. Kenya has a sovereign risk. If it fails to honor foreign loans and guarantees, KQ will go down.. How did these three fictitious bullets escape my notice.. If KQ hadn't done Project Mawingu, CAPE TOWN, MADAGASCAR, NYC, GENEVA, ROME wouldn't have happened.. In reality KQ would have folded up.. The B787 purchases were vital. Only problem was the rush and financing options chosen..
HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Chief Joined: 1/3/2007 Posts: 18,103 Location: Nairobi
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@Obiero wrote: "If KQ hadn't done Project Mawingu, CAPE TOWN, MADAGASCAR, NYC, GENEVA, ROME wouldn't have happened.. In reality KQ would have folded up.. The B787 purchases were vital. Only problem was the rush and financing options chosen." BUT 1) KQ used to fly to Rome before Project Mawingu was designed to make millionaires of Mbugua and Naikuni and paupers of its shareholders. 2) KQ could have acquired the 787s slowly. And the same with the 777s. For many years, it had to lease out the 787s and 777s acquired under Project Mawingu at a LOSS. Are all the 787s back? Are all the 777s back? 3) All the other destinations mentioned could have been served without the break-neck expansion under Project Mawingu. 4) What happened to direct (not via BKK) flights to CAN? DEL? Project Mawingu was conceived to make everyone but the shareholders rich. Finally: Back to HAFR which, unlike KQ, was designed to impoverish the "new" shareholders from the moment it listed. It's sad to see once promising firms eg KQ and ARM go for rapid expansion using significant debt. A few road bumps and it all comes crashing down. I learnt my lesson and steer away from these. HAFR was just, IMHO, a con game from the beginning. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Member Joined: 3/8/2018 Posts: 507 Location: Nairobi
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Shenanigans. It's already known that the results will be horrid. They should just be released early instead of waiting till the last day, of the last week, of the 3-month extension after the initial deadline passed. Home Afrika issues profit warningPreliminary assessment shows that the December 2018 earnings will be at least 25% lower than December 2017 earnings. Quote: The expected decline is attributed to the impact of the slowed growth in the real estate sector amid constrained credit access and general slowdown in spending power among buyers, resulted to a decline in sales of plots and houses by 36.8% in absolute sales.
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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rwitre wrote:Shenanigans. It's already known that the results will be horrid. They should just be released early instead of waiting till the last day, of the last week, of the 3-month extension after the initial deadline passed. Home Afrika issues profit warningPreliminary assessment shows that the December 2018 earnings will be at least 25% lower than December 2017 earnings. Quote: The expected decline is attributed to the impact of the slowed growth in the real estate sector amid constrained credit access and general slowdown in spending power among buyers, resulted to a decline in sales of plots and houses by 36.8% in absolute sales. HaL behaves as if it's still a private company. Hoping Ibuka will instill reporting discipline on the incoming listings. Life is short. Live passionately.
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Rank: Elder Joined: 6/23/2009 Posts: 13,517 Location: nairobi
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sparkly wrote:rwitre wrote:Shenanigans. It's already known that the results will be horrid. They should just be released early instead of waiting till the last day, of the last week, of the 3-month extension after the initial deadline passed. Home Afrika issues profit warningPreliminary assessment shows that the December 2018 earnings will be at least 25% lower than December 2017 earnings. Quote: The expected decline is attributed to the impact of the slowed growth in the real estate sector amid constrained credit access and general slowdown in spending power among buyers, resulted to a decline in sales of plots and houses by 36.8% in absolute sales. HaL behaves as if it's still a private company. Hoping Ibuka will instill reporting discipline on the incoming listings. Pole on your loss
HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Elder Joined: 12/4/2009 Posts: 10,684 Location: NAIROBI
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Link to FY18 results https://www.nse.co.ke/li...e-year-ended-31-dec-2018Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Member Joined: 3/20/2008 Posts: 503
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[quote=Ericsson]Link to FY18 results https://www.nse.co.ke/li...-year-ended-31-dec-2018[/quote] BOOM - Disclaimer of opinion on Going concern and inventory  ...........RUNNNNN
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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[quote=Ericsson]Link to FY18 results https://www.nse.co.ke/li...-year-ended-31-dec-2018[/quote] Speculation grade, not investment. Life is short. Live passionately.
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Rank: Chief Joined: 1/3/2007 Posts: 18,103 Location: Nairobi
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Home Afrika picks former Suntra boss to its board https://www.businessdail...5958-108pk0xz/index.htmlGreedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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[quote=VituVingiSana]Home Afrika picks former Suntra boss to its board https://www.businessdail...958-108pk0xz/index.html[/quote] What value does he bring to HAFR? Fusion capital failed to raise enough money for its D-reit a few years back. Birds of a failure hang out together. Life is short. Live passionately.
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