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Kenya Airways...why ignore..
Rank: Member Joined: 5/29/2016 Posts: 898 Location: Nairobi
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maka wrote:VituVingiSana wrote:maka wrote:obiero wrote:maka wrote:obiero wrote:maka wrote:obiero wrote:maka wrote: I still stand with my opinion that Sebastian wont stay for long sorry to say this but this NY flights will be the beginning of the end. Shindwe! Came to pass.... Maybe I can lobby for you to become CEO.. Ndio uwache kupoteza bags za passangers Make it to the AGM like a serious shareholder and ask the pertinent questions otherwise KQ will have another Sebastian come January next year.... KQ is not Sebastian nor Michael Joseph. KQ is the culture of the staff, the pilots who call in sick after binge drinking at 1824, cabin crew untouchables of high society who sneer at clients, procurement staff who pilfer, baggage handlers who steal perfumes and belts, engineers who down tools in high season.. Sebastian failed to break the culture, though just like Ngunze before him, I wish him well Yada Yada Yada.... I wonder why you would buy shares in such a company if you know it has so many problems from the employees... There are so many people who would be disappointed with your statement(s)... Cheers...  Yaani, you don't even support the Kenyan brewer?    I do.... Whitecaps.... 😊 @rwitre It will be very ok... Let them have a proper interview process... Let the best person get the job... Sebastian wasn't it... Btw if I ask what was his strategy what would you tell me? He never inspired confidence.... Thanks @maka for highlighting the disconnect between the fat guy and the KQ managers. Confirm when the polish consultants and the KLM directors are leaving for good.
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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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Jibabe wrote:https://www.linkedin.com/feed/update/urn:li:activity:6538103457151234048 Look at the only reply on that thread.... possunt quia posse videntur
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Rank: Member Joined: 5/29/2016 Posts: 898 Location: Nairobi
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maka wrote:Jibabe wrote:https://www.linkedin.com/feed/update/urn:li:activity:6538103457151234048 Look at the only reply on that thread.... Omondi’s reply. Don’t agree with it to a large extent. Under his tenure in Commercial, he was not able to move some things as earlier said herein. The operating profit under Ngunze was largely due to sale of assets, downsizing by even leasing out the most efficient planes in the planet which the fat guy reversed. Have the consultants and the KLM stooges left? Very interested in this as the move will make a very significant impact to the bottom line. Thanks again to KALPA for highlighting this at the parliamentary hearing and following up with a strong worded letter to Mikosz.
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Rank: Elder Joined: 6/23/2009 Posts: 13,559 Location: nairobi
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ArrestedDev wrote:maka wrote:Jibabe wrote:https://www.linkedin.com/feed/update/urn:li:activity:6538103457151234048 Look at the only reply on that thread.... Omondi’s reply. Don’t agree with it to a large extent. Under his tenure in Commercial, he was not able to move some things as earlier said herein. The operating profit under Ngunze was largely due to sale of assets, downsizing by even leasing out the most efficient planes in the planet which the fat guy reversed. Have the consultants and the KLM stooges left? Very interested in this as the move will make a very significant impact to the bottom line. Thanks again to KALPA for highlighting this at the parliamentary hearing and following up with a strong worded letter to Mikosz. Even the next CEO will have it rough.. KAWU and KALPA are blood thirsty for the heads of its leaders
COOP 70,000 ABP 15.20; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Veteran Joined: 7/1/2014 Posts: 906 Location: sky
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an interesting read https://www.thecitizen.co.tz/news/1840340-5132262-8pxqm0/index.htmlThere 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: 6/25/2009 Posts: 41
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This was on Sunday Nation of 26th
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Rank: Elder Joined: 12/4/2009 Posts: 10,702 Location: NAIROBI
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AG,ROTICH present KQ takeover plan. Attorney General Paul Kariuki Kihara and two ministers are this morning expected to present the plans to nationalise the National carrier as recommended by the National Assembly's Transport Committee. The input of Cabinet Secretaries Henry Rotich(Treasury) and James Macharia (Transport) and the legal opinion of the AG will form part of the report to be tabled in the House when lawmakers resume sittings next week. The ministers were told by the David Pkosing led committee to come up with ways of settling Kenya Airways debts. Mr Rotich was told to start talks with the banks that the parastatal owes money. The AG was asked to check parts of the constitution that would be affected by the creation of a new parastatal and advise the committee appropriately. Kenya airways owes CBA group sh.3.1bn,NIC bank sh.2.1billion, Equity bank (sh.5.2 billion), Cooperative bank (sh.3.3 billion), DTB (sh.2.1 billion), KCB Group (sh.2.1 billion). Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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FUNKY wrote:sparkly wrote:obiero wrote:KQ seeks nod to fly into Homa Bay, Lokkichogio and Maasai Mara Really? those are airstrips. KQ does not have small planes that can operate from those airstrips. They can use jambojet ALS... possunt quia posse videntur
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Rank: Veteran Joined: 4/30/2010 Posts: 1,635
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Ericsson wrote:AG,ROTICH present KQ takeover plan.
Attorney General Paul Kariuki Kihara and two ministers are this morning expected to present the plans to nationalise the National carrier as recommended by the National Assembly's Transport Committee.
The input of Cabinet Secretaries Henry Rotich(Treasury) and James Macharia (Transport) and the legal opinion of the AG will form part of the report to be tabled in the House when lawmakers resume sittings next week.
The ministers were told by the David Pkosing led committee to come up with ways of settling Kenya Airways debts.
Mr Rotich was told to start talks with the banks that the parastatal owes money.
The AG was asked to check parts of the constitution that would be affected by the creation of a new parastatal and advise the committee appropriately.
Kenya airways owes CBA group sh.3.1bn,NIC bank sh.2.1billion, Equity bank (sh.5.2 billion), Cooperative bank (sh.3.3 billion), DTB (sh.2.1 billion), KCB Group (sh.2.1 billion). What will happen to the minority shareholders?
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Rank: Chief Joined: 1/3/2007 Posts: 18,129 Location: Nairobi
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Ericsson wrote:AG,ROTICH present KQ takeover plan.
Attorney General Paul Kariuki Kihara and two ministers are this morning expected to present the plans to nationalise the National carrier as recommended by the National Assembly's Transport Committee.
The input of Cabinet Secretaries Henry Rotich(Treasury) and James Macharia (Transport) and the legal opinion of the AG will form part of the report to be tabled in the House when lawmakers resume sittings next week.
The ministers were told by the David Pkosing led committee to come up with ways of settling Kenya Airways debts.
Mr Rotich was told to start talks with the banks that the parastatal owes money.
The AG was asked to check parts of the constitution that would be affected by the creation of a new parastatal and advise the committee appropriately.
Kenya airways owes CBA group sh.3.1bn,NIC bank sh.2.1billion, Equity bank (sh.5.2 billion), Cooperative bank (sh.3.3 billion), DTB (sh.2.1 billion), KCB Group (sh.2.1 billion). In some form or fashion, KQ will get JKIA or a bailout. 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: 18,129 Location: Nairobi
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Ex-KQ boss Ngunze joins private equity firm Catalyst https://www.businessdail...4082-ifrkpaz/index.html
"Mbuvi Ngunze is advising Catalyst on operations and strategy."  #SisemiKitu Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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Rank: Member Joined: 3/20/2008 Posts: 503
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For all intents and purposes it seems he is a bright man. His KQ stints only reflects Warren Buffett's point about reputations of brilliant management Vis a vis businesses with a reputation for bad economics
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Rank: Chief Joined: 1/3/2007 Posts: 18,129 Location: Nairobi
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xxxxx wrote:For all intents and purposes it seems he is a bright man. His KQ stints only reflects Warren Buffett's point about reputations of brilliant management Vis a vis businesses with a reputation for bad economics The economics of the airline industry, at least in the USA, have improved and now WB/BH owns substantial shares in 3-4 airlines in the USA. Ngunze was handed a lemon by Naikuni. 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: 13,559 Location: nairobi
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VituVingiSana wrote:xxxxx wrote:For all intents and purposes it seems he is a bright man. His KQ stints only reflects Warren Buffett's point about reputations of brilliant management Vis a vis businesses with a reputation for bad economics The economics of the airline industry, at least in the USA, have improved and now WB/BH owns substantial shares in 3-4 airlines in the USA. Ngunze was handed a lemon by Naikuni. The discussion was on whether Ngunze is a bright man. I know him personally and would say he's borderline genius
COOP 70,000 ABP 15.20; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Member Joined: 6/6/2016 Posts: 165 Location: Nairobi
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borderline genius ? taken with a large pinch of salt coming from a KQ addict like you
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Rank: Veteran Joined: 4/30/2010 Posts: 1,635
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Rank: Elder Joined: 6/23/2009 Posts: 13,559 Location: nairobi
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snifadog wrote:borderline genius ? taken with a large pinch of salt coming from a KQ addict like you Research a little about the schooling of the man.. Not everything African is bad. Even Kibaki was a borderline genius going by his grades
COOP 70,000 ABP 15.20; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Elder Joined: 9/20/2015 Posts: 2,811 Location: Mombasa
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obiero wrote:snifadog wrote:borderline genius ? taken with a large pinch of salt coming from a KQ addict like you Research a little about the schooling of the man.. Not everything African is bad. Even Kibaki was a borderline genius going by his grades No wonder you are losing money as you average down! You relied so much on Nguze till you found yourself in a hole . 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: 13,559 Location: nairobi
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Spikes wrote:obiero wrote:snifadog wrote:borderline genius ? taken with a large pinch of salt coming from a KQ addict like you Research a little about the schooling of the man.. Not everything African is bad. Even Kibaki was a borderline genius going by his grades No wonder you are losing money as you average down! You relied so much on Nguze till you found yourself in a hole . June 6th is days away.. The minority shareholders have a great ray of light in KQ. Remember no one way heads towards wealth.. Wewe ngangana na Bitcoin 
COOP 70,000 ABP 15.20; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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