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Kenya Airways...why ignore..
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VituVingiSana
#15061 Posted : Friday, August 28, 2020 9:28:51 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,354
Location: Nairobi
Loss for 1H 2020 is 14.3bn
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Ericsson
#15062 Posted : Friday, August 28, 2020 9:42:21 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,809
Location: NAIROBI
VituVingiSana wrote:
Loss for 1H 2020 is 14.3bn



Statement of profit and Loss;
https://pbs.twimg.com/me...rmat=jpg&name=large

Balance Sheet
https://pbs.twimg.com/me...rmat=jpg&name=large

Retained earnings at negative ksh.103.5bn
Borrowings increased

Cashflow statement;

https://pbs.twimg.com/me...ormat=jpg&name=large
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Ericsson
#15063 Posted : Friday, August 28, 2020 6:47:36 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,809
Location: NAIROBI
https://www.bloomberg.co...-than-half-amid-pandemic
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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tandich
#15064 Posted : Friday, August 28, 2020 7:28:42 PM
Rank: Member

Joined: 5/6/2008
Posts: 199
VituVingiSana wrote:
Loss for 1H 2020 is 14.3bn


Big Bath?
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Ericsson
#15065 Posted : Friday, August 28, 2020 8:28:58 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,809
Location: NAIROBI
KQ sees drop in revenues of between ksh.60 and 70bn in 2020
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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obiero
#15066 Posted : Friday, August 28, 2020 8:38:02 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,238
Location: nairobi
Ericsson wrote:
VituVingiSana wrote:
Loss for 1H 2020 is 14.3bn



Statement of profit and Loss;
https://pbs.twimg.com/me...rmat=jpg&name=large

Balance Sheet
https://pbs.twimg.com/me...rmat=jpg&name=large

Retained earnings at negative ksh.103.5bn
Borrowings increased

Cashflow statement;

https://pbs.twimg.com/me...rmat=jpg&name=large

Not catastrophic ceteris paribas
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obiero
#15067 Posted : Wednesday, September 02, 2020 10:59:21 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,238
Location: nairobi
The thinking cap comes on belatedly https://www.businessdail...618340-l1lbd9/index.html
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muandiwambeu
#15068 Posted : Wednesday, September 02, 2020 11:59:50 PM
Rank: Veteran

Joined: 8/28/2015
Posts: 1,247
obiero wrote:
Ericsson wrote:
VituVingiSana wrote:
Loss for 1H 2020 is 14.3bn



Statement of profit and Loss;
https://pbs.twimg.com/me...rmat=jpg&name=large

Balance Sheet
https://pbs.twimg.com/me...rmat=jpg&name=large

Retained earnings at negative ksh.103.5bn
Borrowings increased

Cashflow statement;

https://pbs.twimg.com/me...rmat=jpg&name=large

Not catastrophic ceteris paribas

Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly the market should be given a days price discovery session.
,Behold, a sower went forth to sow;....
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sparkly
#15069 Posted : Thursday, September 03, 2020 7:04:31 AM
Rank: Elder

Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
[quote=obiero]The thinking cap comes on belatedly https://www.businessdail...18340-l1lbd9/index.html[/quote]

Declare bankruptcy, liquidate, GOK pays off any sovereign guarantees, other creditors go drying... all problems solved.
Life is short. Live passionately.
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obiero
#15070 Posted : Saturday, September 05, 2020 5:51:03 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,238
Location: nairobi
sparkly wrote:
[quote=obiero]The thinking cap comes on belatedly https://www.businessdail...18340-l1lbd9/index.html[/quote]

Declare bankruptcy, liquidate, GOK pays off any sovereign guarantees, other creditors go drying... all problems solved.

Second reading coming up http://www.parliament.go...ent%20Bill%2C%202020.pdf
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