Wazua
»
Investor
»
Stocks
»
Kenya Airways...why ignore..
Rank: Member Joined: 6/6/2016 Posts: 165 Location: Nairobi
|
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 schooling is mostly about exams..anyone well prepared can pass an exam. our african schools are about memorising correct answers to exam questions and regurgitating in the exam hall. let no fancy sounding schools fool you
|
|
|
Rank: Chief Joined: 1/3/2007 Posts: 18,129 Location: Nairobi
|
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. Not quite. He has made a superb return given Ngunze was giving him freebies. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
|
|
|
Rank: Elder Joined: 6/23/2009 Posts: 13,559 Location: nairobi
|
snifadog 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 schooling is mostly about exams..anyone well prepared can pass an exam. our african schools are about memorising correct answers to exam questions and regurgitating in the exam hall. let no fancy sounding schools fool you This is the problem in Africa. We always try to bring down anyone who's doing better than us
COOP 70,000 ABP 15.20; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
|
|
|
Rank: Member Joined: 6/6/2016 Posts: 165 Location: Nairobi
|
obiero wrote:snifadog 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 schooling is mostly about exams..anyone well prepared can pass an exam. our african schools are about memorising correct answers to exam questions and regurgitating in the exam hall. let no fancy sounding schools fool you This is the problem in Africa. We always try to bring down anyone who's doing better than us Africa has many problems sir hence this is not 'the' (only) problem. But my point still stands
|
|
|
Rank: Elder Joined: 9/20/2015 Posts: 2,811 Location: Mombasa
|
obiero wrote:snifadog 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 schooling is mostly about exams..anyone well prepared can pass an exam. our african schools are about memorising correct answers to exam questions and regurgitating in the exam hall. let no fancy sounding schools fool you This is the problem in Africa. We always try to bring down anyone who's doing better than us 'Doing better than us' How? Everybody is endowed differently in terms of gifts and talents...And I don't think Nguze and his predecessor Naikuni were gifted or talented in transforming KQ... They were just nepotism/cronyism appointees by the state. About schooling and qualifications, a number of Kenyans can outshine most crooks heading big corporations . You can't tell us these crooks including your buddy Alex Mbugua are more educated than us Wazuans! John 5:17 But Jesus replied, “My Father is always working, and so am I.”
|
|
|
Rank: Member Joined: 5/29/2016 Posts: 898 Location: Nairobi
|
Spikes wrote:obiero wrote:snifadog 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 schooling is mostly about exams..anyone well prepared can pass an exam. our african schools are about memorising correct answers to exam questions and regurgitating in the exam hall. let no fancy sounding schools fool you This is the problem in Africa. We always try to bring down anyone who's doing better than us 'Doing better than us' How? Everybody is endowed differently in terms of gifts and talents...And I don't think Nguze and his predecessor Naikuni were gifted or talented in transforming KQ... They were just nepotism/cronyism appointees by the state. About schooling and qualifications, a number of Kenyans can outshine most crooks heading big corporations . You can't tell us these crooks including your buddy Alex Mbugua are more educated than us Wazuans! Well said. Just connections. He is the brother of a Royal family Bank CEO. Well connected to the Royal family and hence facilitate deals for the investment firm. Naikuni was selected to the defunct RVR board to facilitate money laundering through SPVs. I mentioned it in this forum. Airtel board - gave them a contract while he was in KQ for some mobile services - @maka shed more light on what service Airtel was to offer KQ - you mentioned a while in here.
|
|
|
Rank: Elder Joined: 6/23/2009 Posts: 13,559 Location: nairobi
|
ArrestedDev wrote:Spikes wrote:obiero wrote:snifadog 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 schooling is mostly about exams..anyone well prepared can pass an exam. our african schools are about memorising correct answers to exam questions and regurgitating in the exam hall. let no fancy sounding schools fool you This is the problem in Africa. We always try to bring down anyone who's doing better than us 'Doing better than us' How? Everybody is endowed differently in terms of gifts and talents...And I don't think Nguze and his predecessor Naikuni were gifted or talented in transforming KQ... They were just nepotism/cronyism appointees by the state. About schooling and qualifications, a number of Kenyans can outshine most crooks heading big corporations . You can't tell us these crooks including your buddy Alex Mbugua are more educated than us Wazuans! Well said. Just connections. He is the brother of a Royal family Bank CEO. Well connected to the Royal family and hence facilitate deals for the investment firm. Naikuni was selected to the defunct RVR board to facilitate money laundering through SPVs. I mentioned it in this forum. Airtel board - gave them a contract while he was in KQ for some mobile services - @maka shed more light on what service Airtel was to offer KQ - you mentioned a while in here. Royalty nothing! He worked for his accomplishments.. We can't all be CEOs.. Next we will state here that Allan the Jambojet CEO got hired erroneously by GE.. Let's just blog in peace and accept our status in life
COOP 70,000 ABP 15.20; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
|
|
|
Rank: Member Joined: 7/1/2009 Posts: 256
|
obiero wrote:ArrestedDev wrote:Spikes wrote:obiero wrote:snifadog 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 schooling is mostly about exams..anyone well prepared can pass an exam. our african schools are about memorising correct answers to exam questions and regurgitating in the exam hall. let no fancy sounding schools fool you This is the problem in Africa. We always try to bring down anyone who's doing better than us 'Doing better than us' How? Everybody is endowed differently in terms of gifts and talents...And I don't think Nguze and his predecessor Naikuni were gifted or talented in transforming KQ... They were just nepotism/cronyism appointees by the state. About schooling and qualifications, a number of Kenyans can outshine most crooks heading big corporations . You can't tell us these crooks including your buddy Alex Mbugua are more educated than us Wazuans! Well said. Just connections. He is the brother of a Royal family Bank CEO. Well connected to the Royal family and hence facilitate deals for the investment firm. Naikuni was selected to the defunct RVR board to facilitate money laundering through SPVs. I mentioned it in this forum. Airtel board - gave them a contract while he was in KQ for some mobile services - @maka shed more light on what service Airtel was to offer KQ - you mentioned a while in here. Royalty nothing! He worked for his accomplishments.. We can't all be CEOs.. Next we will state here that Allan the Jambojet CEO got hired erroneously by GE.. Let's just blog in peace and accept our status in life @Obiero You have me baffled. I thought you are a man of the world who sometimes likes to play devils advocate. This time you sound naive...no offense.
|
|
|
Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
|
ArrestedDev wrote:Spikes wrote:obiero wrote:snifadog 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 schooling is mostly about exams..anyone well prepared can pass an exam. our african schools are about memorising correct answers to exam questions and regurgitating in the exam hall. let no fancy sounding schools fool you This is the problem in Africa. We always try to bring down anyone who's doing better than us 'Doing better than us' How? Everybody is endowed differently in terms of gifts and talents...And I don't think Nguze and his predecessor Naikuni were gifted or talented in transforming KQ... They were just nepotism/cronyism appointees by the state. About schooling and qualifications, a number of Kenyans can outshine most crooks heading big corporations . You can't tell us these crooks including your buddy Alex Mbugua are more educated than us Wazuans! Well said. Just connections. He is the brother of a Royal family Bank CEO. Well connected to the Royal family and hence facilitate deals for the investment firm. Naikuni was selected to the defunct RVR board to facilitate money laundering through SPVs. I mentioned it in this forum. Airtel board - gave them a contract while he was in KQ for some mobile services - @maka shed more light on what service Airtel was to offer KQ - you mentioned a while in here. KQ used to contract Saf for staff hones... TN went to Airtel... New phones (Huawei) plus Airtel lines came... Worked for like 1 year now back to Saf am sure because of MJs influence ... Notice the numbers are 0741****** That's how business is done in Kenya... BTw MJ is an interesting Chairman he almost always flies BA.... possunt quia posse videntur
|
|
|
Rank: Elder Joined: 6/23/2009 Posts: 13,559 Location: nairobi
|
maka wrote:ArrestedDev wrote:Spikes wrote:obiero wrote:snifadog 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 schooling is mostly about exams..anyone well prepared can pass an exam. our african schools are about memorising correct answers to exam questions and regurgitating in the exam hall. let no fancy sounding schools fool you This is the problem in Africa. We always try to bring down anyone who's doing better than us 'Doing better than us' How? Everybody is endowed differently in terms of gifts and talents...And I don't think Nguze and his predecessor Naikuni were gifted or talented in transforming KQ... They were just nepotism/cronyism appointees by the state. About schooling and qualifications, a number of Kenyans can outshine most crooks heading big corporations . You can't tell us these crooks including your buddy Alex Mbugua are more educated than us Wazuans! Well said. Just connections. He is the brother of a Royal family Bank CEO. Well connected to the Royal family and hence facilitate deals for the investment firm. Naikuni was selected to the defunct RVR board to facilitate money laundering through SPVs. I mentioned it in this forum. Airtel board - gave them a contract while he was in KQ for some mobile services - @maka shed more light on what service Airtel was to offer KQ - you mentioned a while in here. KQ used to contract Saf for staff hones... TN went to Airtel... New phones (Huawei) plus Airtel lines came... Worked for like 1 year now back to Saf am sure because of MJs influence ... Notice the numbers are 0741****** That's how business is done in Kenya... BTw MJ is an interesting Chairman he almost always flies BA.... Hehe. You amuse.. Do you track all his flight movements? How many flights has he had in the past 3 years and how many were on BA in comparison to KQ.. You may have a point but you need to ground it with substance, not innuendo
COOP 70,000 ABP 15.20; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
|
|
|
Rank: Elder Joined: 6/23/2009 Posts: 13,559 Location: nairobi
|
Monk wrote:obiero wrote:ArrestedDev wrote:Spikes wrote:obiero wrote:snifadog 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 schooling is mostly about exams..anyone well prepared can pass an exam. our african schools are about memorising correct answers to exam questions and regurgitating in the exam hall. let no fancy sounding schools fool you This is the problem in Africa. We always try to bring down anyone who's doing better than us 'Doing better than us' How? Everybody is endowed differently in terms of gifts and talents...And I don't think Nguze and his predecessor Naikuni were gifted or talented in transforming KQ... They were just nepotism/cronyism appointees by the state. About schooling and qualifications, a number of Kenyans can outshine most crooks heading big corporations . You can't tell us these crooks including your buddy Alex Mbugua are more educated than us Wazuans! Well said. Just connections. He is the brother of a Royal family Bank CEO. Well connected to the Royal family and hence facilitate deals for the investment firm. Naikuni was selected to the defunct RVR board to facilitate money laundering through SPVs. I mentioned it in this forum. Airtel board - gave them a contract while he was in KQ for some mobile services - @maka shed more light on what service Airtel was to offer KQ - you mentioned a while in here. Royalty nothing! He worked for his accomplishments.. We can't all be CEOs.. Next we will state here that Allan the Jambojet CEO got hired erroneously by GE.. Let's just blog in peace and accept our status in life @Obiero You have me baffled. I thought you are a man of the world who sometimes likes to play devils advocate. This time you sound naive...no offense. @Monk naivety is the juice of kings, for no one knows everything
COOP 70,000 ABP 15.20; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
|
|
|
Rank: Chief Joined: 1/3/2007 Posts: 18,129 Location: Nairobi
|
KQ auditors query Sh54m payout to board members https://www.businessdail...9404-1bkwcfz/index.html
Everybody but the shareholders make money off KQ Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
|
|
|
Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
|
Everybody f***s KQ apart from the legal partner (shareholder). Life is short. Live passionately.
|
|
|
Rank: Chief Joined: 1/3/2007 Posts: 18,129 Location: Nairobi
|
sparkly wrote:Everybody f***s KQ apart from the legal partner (shareholder) Someone needs to change the sheets!  Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
|
|
|
Rank: New-farer Joined: 8/29/2010 Posts: 11
|
The article states.....“At the time of publishing this (annual) report, the ongoing audit classified the subject line under the directors’ receivables. These amounts will be reclassified back to the profit and loss (account) in the next statements once the audit is complete,” This is just wrong accounting and it makes me doubt the KQ numbers. How do you reclassify debtors back to profit and loss??
|
|
|
Rank: Elder Joined: 6/23/2009 Posts: 13,559 Location: nairobi
|
delllatitude wrote:The article states.....“At the time of publishing this (annual) report, the ongoing audit classified the subject line under the directors’ receivables. These amounts will be reclassified back to the profit and loss (account) in the next statements once the audit is complete,” This is just wrong accounting and it makes me doubt the KQ numbers. How do you reclassify debtors back to profit and loss?? Bad debts recovered
COOP 70,000 ABP 15.20; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
|
|
|
Rank: New-farer Joined: 8/29/2010 Posts: 11
|
obiero wrote:delllatitude wrote:The article states.....“At the time of publishing this (annual) report, the ongoing audit classified the subject line under the directors’ receivables. These amounts will be reclassified back to the profit and loss (account) in the next statements once the audit is complete,” This is just wrong accounting and it makes me doubt the KQ numbers. How do you reclassify debtors back to profit and loss?? Bad debts recovered But they say the amount is under receivables. A balance sheet account.So there is no recovery of bad debt. It's simply getting money from the directors, debiting bank and crediting the receivables. The profit or loss is not touched.
|
|
|
Rank: Elder Joined: 6/23/2009 Posts: 13,559 Location: nairobi
|
delllatitude wrote:obiero wrote:delllatitude wrote:The article states.....“At the time of publishing this (annual) report, the ongoing audit classified the subject line under the directors’ receivables. These amounts will be reclassified back to the profit and loss (account) in the next statements once the audit is complete,” This is just wrong accounting and it makes me doubt the KQ numbers. How do you reclassify debtors back to profit and loss?? Bad debts recovered But they say the amount is under receivables. A balance sheet account.So there is no recovery of bad debt. It's simply getting money from the directors, debiting bank and crediting the receivables. The profit or loss is not touched. The unnamed director is Sebastian Mikosz. These were incurred expenses under director remuneration thus must hit the P&L  
COOP 70,000 ABP 15.20; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
|
|
|
Rank: New-farer Joined: 8/29/2010 Posts: 11
|
obiero wrote:delllatitude wrote:obiero wrote:delllatitude wrote:The article states.....“At the time of publishing this (annual) report, the ongoing audit classified the subject line under the directors’ receivables. These amounts will be reclassified back to the profit and loss (account) in the next statements once the audit is complete,” This is just wrong accounting and it makes me doubt the KQ numbers. How do you reclassify debtors back to profit and loss?? Bad debts recovered But they say the amount is under receivables. A balance sheet account.So there is no recovery of bad debt. It's simply getting money from the directors, debiting bank and crediting the receivables. The profit or loss is not touched. The unnamed director is Sebastian Mikosz. These were incurred expenses under director remuneration thus must hit the P&L If they were incurred expenses then the entry is Dr. P&L Cr. Bank/Payables But note 36 (d) page 119 mentions that in other receivables there is Kshs 54 million due from the directors. This statement means that what happened is Dr. Receivables from directors Cr. Bank/Payables Simply put. KQ either paid for goods or services on behalf of the directors. Or they gave the director an advance. When the money is recovered, it will be a reversal of transaction 2 above. So it is wrong to state that it will affect Profit or Loss
|
|
|
Rank: Elder Joined: 6/23/2009 Posts: 13,559 Location: nairobi
|
delllatitude wrote:obiero wrote:delllatitude wrote:obiero wrote:delllatitude wrote:The article states.....“At the time of publishing this (annual) report, the ongoing audit classified the subject line under the directors’ receivables. These amounts will be reclassified back to the profit and loss (account) in the next statements once the audit is complete,” This is just wrong accounting and it makes me doubt the KQ numbers. How do you reclassify debtors back to profit and loss?? Bad debts recovered But they say the amount is under receivables. A balance sheet account.So there is no recovery of bad debt. It's simply getting money from the directors, debiting bank and crediting the receivables. The profit or loss is not touched. The unnamed director is Sebastian Mikosz. These were incurred expenses under director remuneration thus must hit the P&L If they were incurred expenses then the entry is Dr. P&L Cr. Bank/Payables But note 36 (d) page 119 mentions that in other receivables there is Kshs 54 million due from the directors. This statement means that what happened is Dr. Receivables from directors Cr. Bank/Payables Simply put. KQ either paid for goods or services on behalf of the directors. Or they gave the director an advance. When the money is recovered, it will be a reversal of transaction 2 above. So it is wrong to state that it will affect Profit or Loss True. In that sense, the notes/reporting isn't accurate. Should have been listed under staff costs
COOP 70,000 ABP 15.20; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
|
|
|
Wazua
»
Investor
»
Stocks
»
Kenya Airways...why ignore..
Forum Jump
You cannot post new topics in this forum.
You cannot reply to topics in this forum.
You cannot delete your posts in this forum.
You cannot edit your posts in this forum.
You cannot create polls in this forum.
You cannot vote in polls in this forum.
|