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Kenya Airways...why ignore.. end 2025
Rank: Elder Joined: 6/23/2009 Posts: 14,351 Location: nairobi
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VituVingiSana wrote:obiero wrote:VituVingiSana wrote:obiero wrote:VituVingiSana wrote:If not for my indirect holdings in KQ, this would not bother me.
Unfortunately, unlike Uchumi, I have a much larger stake in KQ by virtue of 1/50,000,000th of Treasury's stake and a much larger stake or % in KQLC.
KQLC has not only got shares in KQ but a huge loan exposure. GoK is not great about paying on guarantees.
Whereas I wish KQ well, I hope it doesn't return to KQLC or GoK for another bailout.
GoK debt remains significant in KQ books. A second restructuring maybe? Incase KAA takeover fails, that will be their only option Unless KQ files for bankruptcy, as I think it should, another financial restructuring is likely. The much vaunted KQ-KAA tie-up is a mere band-aid. KQLC members need to get realistic and provide for the non-guaranteed portions of the loans as well as 100% of the shares. KQLC can still look in on KQ as well as remain on the board. I do that with ARM. I follow the happenings on ARM but it is fully provided for. Realism. Prudence. The only Prudence name I know about is Bushnell.. We are turning this thing around with or without JKIA. Remember KQ is a turnaround stock meant only for persons who can afford to forfeit their investment  The Taxpayer can't afford to lose any more money in KQ. I already told you that I spoke to the president.. Await Pkosing report COOP, IMH, KEGN, MTNU
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Rank: Elder Joined: 6/23/2009 Posts: 14,351 Location: nairobi
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 COOP, IMH, KEGN, MTNU
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Rank: Elder Joined: 12/4/2009 Posts: 10,827 Location: NAIROBI
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obiero wrote:VituVingiSana wrote:obiero wrote:VituVingiSana wrote:obiero wrote:VituVingiSana wrote:If not for my indirect holdings in KQ, this would not bother me.
Unfortunately, unlike Uchumi, I have a much larger stake in KQ by virtue of 1/50,000,000th of Treasury's stake and a much larger stake or % in KQLC.
KQLC has not only got shares in KQ but a huge loan exposure. GoK is not great about paying on guarantees.
Whereas I wish KQ well, I hope it doesn't return to KQLC or GoK for another bailout.
GoK debt remains significant in KQ books. A second restructuring maybe? Incase KAA takeover fails, that will be their only option Unless KQ files for bankruptcy, as I think it should, another financial restructuring is likely. The much vaunted KQ-KAA tie-up is a mere band-aid. KQLC members need to get realistic and provide for the non-guaranteed portions of the loans as well as 100% of the shares. KQLC can still look in on KQ as well as remain on the board. I do that with ARM. I follow the happenings on ARM but it is fully provided for. Realism. Prudence. The only Prudence name I know about is Bushnell.. We are turning this thing around with or without JKIA. Remember KQ is a turnaround stock meant only for persons who can afford to forfeit their investment The Taxpayer can't afford to lose any more money in KQ. Balance sheet anyone with a copy I already told you that I spoke to the president.. Await Pkosing report Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 6/23/2009 Posts: 14,351 Location: nairobi
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Happy labour day to every diligent and industrious laborer  COOP, IMH, KEGN, MTNU
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Rank: Veteran Joined: 4/4/2016 Posts: 2,022 Location: Kitale
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obiero wrote:Happy labour day to every diligent and industrious laborer Good pic.But they need to work hard and convert the current 7.5 billion loss into profit. Towards the goal of financial freedom
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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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https://www.businessdail...twitter_impression=true
ION the Board has made a decision to let go of all guys seconded by KLM.... Raj... Jan et al.... possunt quia posse videntur
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Rank: Elder Joined: 6/23/2009 Posts: 14,351 Location: nairobi
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maka wrote:https://www.businessdailyafrica.com/corporate/companies/Direct-US-flights-struggle-as-KQ/4003102-5094942-view-asAMP-ibgcq7z/index.html?__twitter_impression=true
ION the Board has made a decision to let go of all guys seconded by KLM.... Raj... Jan et al.... By the way you need to be sincere with your information at what point was Musila let go while we were together at Ole Sereni during the breakfast brief COOP, IMH, KEGN, MTNU
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Rank: Member Joined: 5/29/2016 Posts: 898 Location: Nairobi
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maka wrote:https://www.businessdailyafrica.com/corporate/companies/Direct-US-flights-struggle-as-KQ/4003102-5094942-view-asAMP-ibgcq7z/index.html?__twitter_impression=true
ION the Board has made a decision to let go of all guys seconded by KLM.... Raj... Jan et al.... A very bold move. KAWU's press release though poorly worded showed clearly they take a big junk of the wages. The parliamentary hearing on the JKIA also brought to light the case as it is with the so-called expatriates. MJ also made the decision to refund wages earned after the Mps mocked him.
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Rank: Elder Joined: 6/23/2009 Posts: 14,351 Location: nairobi
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ArrestedDev wrote:maka wrote:https://www.businessdailyafrica.com/corporate/companies/Direct-US-flights-struggle-as-KQ/4003102-5094942-view-asAMP-ibgcq7z/index.html?__twitter_impression=true
ION the Board has made a decision to let go of all guys seconded by KLM.... Raj... Jan et al.... A very bold move. KAWU's press release though poorly worded showed clearly they take a big junk of the wages. The parliamentary hearing on the JKIA also brought to light the case as it is with the so-called expatriates. MJ also made the decision to refund wages earned after the Mps mocked him. MPs are soo dirty and then mock MJ.. Unafik kabisa.. He's a class act COOP, IMH, KEGN, MTNU
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Rank: Member Joined: 5/29/2016 Posts: 898 Location: Nairobi
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obiero wrote:ArrestedDev wrote:maka wrote:https://www.businessdailyafrica.com/corporate/companies/Direct-US-flights-struggle-as-KQ/4003102-5094942-view-asAMP-ibgcq7z/index.html?__twitter_impression=true
ION the Board has made a decision to let go of all guys seconded by KLM.... Raj... Jan et al.... A very bold move. KAWU's press release though poorly worded showed clearly they take a big junk of the wages. The parliamentary hearing on the JKIA also brought to light the case as it is with the so-called expatriates. MJ also made the decision to refund wages earned after the Mps mocked him. MPs are soo dirty and then mock MJ.. Unafik kabisa.. He's a class act Some questions raised were sensible. @maka, where is the correct link talking about the departure of KLM stooges?
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Kenya Airways...why ignore.. end 2025
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