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Kenya Airways...why ignore..
Kausha
#5811 Posted : Saturday, October 01, 2016 8:06:46 AM
Rank: Member

Joined: 2/8/2007
Posts: 808
Yves was trying to salvage some pride out of this chaotic institution. Still SMH in wonderment how do yqou pay McKinley $23m to tell you how to do your job?

At KQ the management has failed and should raise their hand and salvage the little left of their reputations by doing the honourable thing. Roho juu antiques that oh we will turn things around is a bit too late and will only damage their careers and reputations. Based on what I have witnessed KQ needs a reboot. Their planes are full on key routes but still not making money? Tells me the management got no clue about their business. Ama they borrow Bwana Ohana.
VituVingiSana
#5812 Posted : Saturday, October 01, 2016 8:18:18 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,371
Location: Nairobi
@Kausha - KQ can buy [with all the cash GoK & Afrexim is giving them] KK for 30bn [20/- a share].

KQ would get a firm that makes 4.5bn in PBT, unencumbered assets, minimal debt and Ohana.

No, I do not want a share swap but want cash! No KQ shares for my KK shares!
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
ArrestedDev
#5813 Posted : Saturday, October 01, 2016 9:19:06 AM
Rank: Member

Joined: 5/29/2016
Posts: 898
Location: Nairobi
Spikes wrote:
http://www.standardmedia.co.ke/mobile/article/2000217965/how-loss-making-kq-paid-firm-sh2-3b-in-six-months

Now it is evident Ngunze is completely incompetent and that real KQ shafter is Mckinsey. A staggering Kshs 2.3B paid to US Mckinsey in six months. Nonsense! What cost cutting service aka turnaround are these US lunatics offering to KQ that corrupt Kenyans can't afford to sort out themselves? Wait on November 2016 H1 loss is most likely to tripple despite sale of assets cosmetics. 50CENTS is the bottom for this stock.


Finally someone with a brain in KQ finance have leaked the full payment history. I have always said here that Ngunze with his other bunch of directors are incompetent. If nothing is done this Airline is going to collapse. The full year results will shock some of you especially @obiero.

ArrestedDev
#5814 Posted : Saturday, October 01, 2016 9:26:52 AM
Rank: Member

Joined: 5/29/2016
Posts: 898
Location: Nairobi
Kausha wrote:
Yves was trying to salvage some pride out of this chaotic institution. Still SMH in wonderment how do yqou pay McKinley $23m to tell you how to do your job?

At KQ the management has failed and should raise their hand and salvage the little left of their reputations by doing the honourable thing. Roho juu antiques that oh we will turn things around is a bit too late and will only damage their careers and reputations. Based on what I have witnessed KQ needs a reboot. Their planes are full on key routes but still not making money? Tells me the management got no clue about their business. Ama they borrow Bwana Ohana.


None of them will raise his hand. Ngunze should have left long ago for someone else with fresh thinking to take over.


maka
#5815 Posted : Saturday, October 01, 2016 9:28:47 AM
Rank: Elder

Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
ArrestedDev wrote:
Spikes wrote:
http://www.standardmedia.co.ke/mobile/article/2000217965/how-loss-making-kq-paid-firm-sh2-3b-in-six-months

Now it is evident Ngunze is completely incompetent and that real KQ shafter is Mckinsey. A staggering Kshs 2.3B paid to US Mckinsey in six months. Nonsense! What cost cutting service aka turnaround are these US lunatics offering to KQ that corrupt Kenyans can't afford to sort out themselves? Wait on November 2016 H1 loss is most likely to tripple despite sale of assets cosmetics. 50CENTS is the bottom for this stock.


Finally someone with a brain in KQ finance have leaked the full payment history. I have always said here that Ngunze with his other bunch of directors are incompetent. If nothing is done this Airline is going to collapse. The full year results will shock some of you especially @obiero.



Haven't even read the article yet...the idea was Mckinsey should come up with revenue generating initiatives and get paid out of the revenue that comes from them...It would have been easier to appoint an MD who is conversant with airline matters they would have never spent all this cash...2.3B crazy....when they can't even pay suppliers...EABL had refused to supply liquor some time last week...,
possunt quia posse videntur
ArrestedDev
#5816 Posted : Saturday, October 01, 2016 9:31:16 AM
Rank: Member

Joined: 5/29/2016
Posts: 898
Location: Nairobi
[quote=VituVingiSana]So much drama at KQ
http://www.standardmedia...-without-contract-audit[/quote]

Another totally incompetent and corrupt character planted in KQ by Titus Naikuni is the the Marketing director.. He should be sacked like yesterday.
ArrestedDev
#5817 Posted : Saturday, October 01, 2016 9:43:14 AM
Rank: Member

Joined: 5/29/2016
Posts: 898
Location: Nairobi
maka wrote:
ArrestedDev wrote:
Spikes wrote:
http://www.standardmedia.co.ke/mobile/article/2000217965/how-loss-making-kq-paid-firm-sh2-3b-in-six-months

Now it is evident Ngunze is completely incompetent and that real KQ shafter is Mckinsey. A staggering Kshs 2.3B paid to US Mckinsey in six months. Nonsense! What cost cutting service aka turnaround are these US lunatics offering to KQ that corrupt Kenyans can't afford to sort out themselves? Wait on November 2016 H1 loss is most likely to tripple despite sale of assets cosmetics. 50CENTS is the bottom for this stock.


Finally someone with a brain in KQ finance have leaked the full payment history. I have always said here that Ngunze with his other bunch of directors are incompetent. If nothing is done this Airline is going to collapse. The full year results will shock some of you especially @obiero.



Haven't even read the article yet...the idea was Mckinsey should come up with revenue generating initiatives and get paid out of the revenue that comes from them...It would have been easier to appoint an MD who is conversant with airline matters they would have never spent all this cash...2.3B crazy....when they can't even pay suppliers...EABL had refused to supply liquor some time last week...,


It is evident how the whole idea of bringing in the consultant was ill-conceived. The initiatives will take a very long time to generate revenue yet payments to the consultant falls due very fast hence impacting the alreadfy bad cashflow situation.


ArrestedDev
#5818 Posted : Saturday, October 01, 2016 10:07:35 AM
Rank: Member

Joined: 5/29/2016
Posts: 898
Location: Nairobi
maka wrote:
Kesho 5 planes don't have Captains guys have been called from leave....tafakari hayo. ..


And it is going to get worse with the massive resignations. I will not be surprised if they have not advertised positions for pilots.The guys earlier send home at 6
0 should be recalled and recertified on the type with shortages, otherwise delays and cancellations will continue to be the order of the day.
obiero
#5819 Posted : Saturday, October 01, 2016 10:25:44 AM
Rank: Elder

Joined: 6/23/2009
Posts: 14,319
Location: nairobi
I agree with all of negative sentiments. However why is the KQ share rising. Up 24% in 3 weeks
COOP, IMH, KEGN, KQ, MTNU
Spikes
#5820 Posted : Saturday, October 01, 2016 10:40:34 AM
Rank: Elder

Joined: 9/20/2015
Posts: 2,811
Location: Mombasa
obiero wrote:
I agree with all of negative sentiments. However why is the KQ share rising



Novice speculators in play but as bitter revelations have begun to surface, normalcy shall be restored by printing a new 52wks low record. Those who bought high yesterday didn't have this info now it has been made public a rapid nosedive is inevitable.
John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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