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KQ FY15 Loss of Ksh. 26 Bn
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hisah
#21 Posted : Thursday, July 30, 2015 3:18:34 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
innairobi wrote:
Citi lured KQ into hedging first. The other banksters must have joined in the party thanks to Citi alumni.

What a pity. @Othelo thanks for the Standard bank clarification.

Those hedges are nasty golden handcuffs. I wonder what happens if the client breaches the contract.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Chaka
#22 Posted : Thursday, July 30, 2015 3:19:49 PM
Rank: Elder

Joined: 2/16/2007
Posts: 2,114
babaroy wrote:
Ash Ock wrote:
babaroy wrote:
more insights here.

http://www.kahawatungu.c...se-operation-very-soon/


Robert Alai.

Has no clue whatsoever how the aircraft industry works nor how aircraft financing works. 99% jibber-jabber.

this article was posted in march this year...the shit has finally hit the fan


Wow,what a dossier..and that ex-CEO has not sued regarding the bit about a girl friend(i,e if not true)?
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mlennyma
#23 Posted : Thursday, July 30, 2015 3:29:29 PM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
This M.D. can be optimistic but optimism without funding is an elusive dream
"Don't let the fear of losing be greater than the excitement of winning."
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Othelo
#24 Posted : Thursday, July 30, 2015 3:53:16 PM
Rank: User

Joined: 1/20/2014
Posts: 3,528
hisah wrote:
innairobi wrote:
Citi lured KQ into hedging first. The other banksters must have joined in the party thanks to Citi alumni.

What a pity. @Othelo thanks for the Standard bank clarification.

Those hedges are nasty golden handcuffs. I wonder what happens if the client breaches the contract.

Spot on!!!smile
Formal education will make you a living. Self-education will make you a fortune - Jim Rohn.
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Ericsson
#25 Posted : Thursday, July 30, 2015 9:11:55 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,836
Location: NAIROBI
Afrexim bank are the ones loaning them $200mn.
Shareholders in KQ own nothing;lenders are the ones that own the airline
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Boris Boyka
#26 Posted : Thursday, July 30, 2015 9:58:18 PM
Rank: Veteran

Joined: 11/15/2013
Posts: 1,977
Location: Here
obiero wrote:
nikulonrezo

Wagwan Buda boss ustake jua.My brother yiu should have listened...25 Birrion Sad i think as a person you make more money than KQ. so what next mr prophet?
Everybody STEALS, a THIEF is one who's CAUGHT stealing something of LITTLE VALUE. !!!
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Chaka
#27 Posted : Thursday, July 30, 2015 11:08:09 PM
Rank: Elder

Joined: 2/16/2007
Posts: 2,114
KQ should change their slogan to read.."the shame of Africa"..In a lay man's perspective,what exactly is a loss?Does it mean all income went to expenses and that they still owe creditors?
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snipermnoma
#28 Posted : Friday, July 31, 2015 2:30:58 AM
Rank: Member

Joined: 1/3/2014
Posts: 257
A loss was on the cards but surely not this huge! For those holding KQ this must be so brutally painful.
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obiero
#29 Posted : Friday, July 31, 2015 6:21:19 AM
Rank: Elder

Joined: 6/23/2009
Posts: 14,477
Location: nairobi
Boris Boyka wrote:
obiero wrote:
nikulonrezo

Wagwan Buda boss ustake jua.My brother yiu should have listened...25 Birrion Sad i think as a person you make more money than KQ. so what next mr prophet?

The extreme tank in price over yesterday and definitely today too cannot allow me to sell. Currently I am down Kes 135,450 being difference in total purchase price and current market price.. Avg buying price Kes 8.6. Im locked in, seat belt tied, ready to crash
COOP 306,100 ABP 31.96, KEGN 112,100 ABP 10.64, MTNU 131,000 ABP 10.21
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githundi
#30 Posted : Friday, July 31, 2015 7:48:52 AM
Rank: Veteran

Joined: 11/19/2010
Posts: 1,308
Location: nairobi metropolitan
This is the curse of most companies where government has majority shares. The employees become the owner and the courts more often than not back employees who areare paid salaries out of this world.
Their contracts are inflated and the other end game is that their products or services become too expensive, because of competition.
But what else do I expect when greed overcomes reason?
Democracy does not belong to the dead
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