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Kenya Airways...why ignore..
heri
#5881 Posted : Tuesday, October 04, 2016 5:33:02 PM
Rank: Member

Joined: 9/14/2011
Posts: 869
Location: nairobi
ArrestedDev wrote:
maka wrote:
Interesting that the dossier has only been leaked to Standard and they are releasing it in bits.


Either someone in KQ or Deloitte leaked it to Standard. All these revelations are just the tip of the iceberg. If ticketing was audited by a subject matter expert then the revelations could be shocking. Remember, only from 2012 to 2015 was covered and over 60 billion lost.


@ArrestedDev

I ask a wishful thinking kind of question

Assuming the senior management were fired and a team with some measure of integrity and competence put in charge, KQ would be making money at least in the long term?

But then what are the chances of drastic changes with the kind of government we have


obiero
#5882 Posted : Tuesday, October 04, 2016 5:45:49 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,318
Location: nairobi
ArrestedDev wrote:
obiero wrote:
ArrestedDev wrote:
Spikes wrote:
http://www.standardmedia.co.ke/mobile/article/2000218321/audit-how-kq-bought-two-planes-at-sh2b-only-to-sell-them-at-a-throw-away-sh210m?pageNo=1


More shocking revelations that would let @obiero sell his stake at throwaway price.



Quote:
Our review of the letter dated 2 July 2010 revealed that Mr Naikuni, Ms Kiboi, Mr Mbugua, Francis Musila, Ground Services Director, Ms Felicita Kagwanja, Insurance Services Manager, and Mr Allan Fullilove, former KQ Technical Director, had endorsed and confirmed the suitability of the terms and conditions of the agreement,” the report notes.


Wheeler-dealer highlighted in red. Do you see the reason why Ngunze appointed him as the Ground Services Director. Ngunze is general wheeler-dealer in the Co. The mantle was fully handed to him by Naikuni.


Why isn't the share tanking


Has it gained anything above the one recorded in friday? Where is the rally you talked about?

This information does not filter much. It is only Standard publishing online, not sure if it is on the print edition.

Wanjiku do not know what is going on. Do you remember, there was one in the AGM saying the board and the management should be left to do the job and Macharia should keep off?

All the board members especially the old ones and the entire management should be send home if this Co. is to survive. The vested business interests are just too many.

Disgruntled employees are killing the gem KQ.. Ngunze is faultless. Meanwhile tomorrow we welcome Michael Joseph
COOP, IMH, KEGN, KQ, MTNU
Kausha
#5883 Posted : Tuesday, October 04, 2016 9:17:36 PM
Rank: Member

Joined: 2/8/2007
Posts: 808
The Chairman - Mwaniki left, excellent stuff from him. Enter Balozi all he needs is Mbuvi and other senior management to f*** off.
Pesa Nane
#5884 Posted : Tuesday, October 04, 2016 10:42:32 PM
Rank: Elder

Joined: 5/25/2012
Posts: 4,105
Location: 08c
Pesa Nane plans to be shilingi when he grows up.
alotoftalk
#5885 Posted : Wednesday, October 05, 2016 3:41:53 AM
Rank: Member

Joined: 8/27/2015
Posts: 138
Location: Harare
New strategy, new directors.

Only two things missing: new management and new funding sources

A bankruptcy would have helped it clean up faster.
Investment philosophy development in progress...
murchr
#5886 Posted : Wednesday, October 05, 2016 4:29:51 AM
Rank: Elder

Joined: 2/26/2012
Posts: 15,980
alotoftalk wrote:
New strategy, new directors.

Only two things missing: new management and new funding sources

A bankruptcy would have helped it clean up faster.


I think so too,. but that management is about to be swept that is for sure
"There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
.
obiero
#5887 Posted : Wednesday, October 05, 2016 10:29:21 AM
Rank: Elder

Joined: 6/23/2009
Posts: 14,318
Location: nairobi
murchr wrote:
alotoftalk wrote:
New strategy, new directors.

Only two things missing: new management and new funding sources

A bankruptcy would have helped it clean up faster.


I think so too,. but that management is about to be swept that is for sure

I said it right here months ago that Ngunze is going nowhere.. He has done a commendable job thus far and H1 shall be his attestation
COOP, IMH, KEGN, KQ, MTNU
maka
#5888 Posted : Wednesday, October 05, 2016 11:59:02 AM
Rank: Elder

Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
obiero wrote:
murchr wrote:
alotoftalk wrote:
New strategy, new directors.

Only two things missing: new management and new funding sources

A bankruptcy would have helped it clean up faster.


I think so too,. but that management is about to be swept that is for sure

I said it right here months ago that Ngunze is going nowhere.. He has done a commendable job thus far and H1 shall be his attestation


What great job?
possunt quia posse videntur
Impunity
#5889 Posted : Wednesday, October 05, 2016 2:16:12 PM
Rank: Elder

Joined: 3/2/2009
Posts: 26,331
Location: Masada
Bow trending:

#RIPKenyaAirways

Pray Pray Pray Pray
Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.

Impunity
#5890 Posted : Wednesday, October 05, 2016 2:22:24 PM
Rank: Elder

Joined: 3/2/2009
Posts: 26,331
Location: Masada
Some current tweeps!

>We loved you but mismanagement loved you more

>With #RIPKenyaAirways does it mean we can now marry those cute air hostess with peace ?just asking for a friend.

Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly
Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.

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