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Kenya Airways...why ignore..
obiero
#11881 Posted : Monday, March 18, 2019 6:28:15 AM
Rank: Elder


Joined: 6/23/2009
Posts: 13,567
Location: nairobi
Ericsson wrote:
Merging KQ with JKIA doesn;t sort out the structural inefficiencies of KQ.
KQ workers and pilots are among the highest in Africa and in the world if you look at it's revenues.
Staff costs as a percentage of revenue.

Very true and the CEO has touched on that aspect in his open letter

COOP 70,000 ABP 15.20; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
VituVingiSana
#11882 Posted : Monday, March 18, 2019 9:44:04 AM
Rank: Chief


Joined: 1/3/2007
Posts: 18,134
Location: Nairobi
obiero wrote:
VituVingiSana wrote:
@xxxx - A 78% loss needs more than a gain of 156%

For our example, let's use 80% since the math is easier.
A share bought at 100 is now down 80% = 20/-
To get back to 100/-, it has to increase by 400%
100% gain is 20+20=40
200% gain is 40+20=60
300% gain is 60+20=80
400% gain is 80+20=100

On ARM, have you heard anything?
I have written it off so anything is pure profit.
The profit/gain from KK has more than covered any losses I have made in the past 5 years!

Unfortunately no. I have heard nothing on ARM. Remember, dead men tell no tales
Thanks for your answer but it was directed at @xxxx who is far more knowledgable in matters concerning ARM.

BUT if I have questions on the on matters pertaining to KQ, I shall ask you.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Muthawamunene
#11883 Posted : Monday, March 18, 2019 10:12:39 AM
Rank: Member


Joined: 1/3/2011
Posts: 264
Location: Nairobi
VituVingiSana wrote:
obiero wrote:
VituVingiSana wrote:
@xxxx - A 78% loss needs more than a gain of 156%

For our example, let's use 80% since the math is easier.
A share bought at 100 is now down 80% = 20/-
To get back to 100/-, it has to increase by 400%
100% gain is 20+20=40
200% gain is 40+20=60
300% gain is 60+20=80
400% gain is 80+20=100

On ARM, have you heard anything?
I have written it off so anything is pure profit.
The profit/gain from KK has more than covered any losses I have made in the past 5 years!

Unfortunately no. I have heard nothing on ARM. Remember, dead men tell no tales
Thanks for your answer but it was directed at @xxxx who is far more knowledgable in matters concerning ARM.

BUT if I have questions on the on matters pertaining to KQ, I shall ask you.


Jesus!! VVS knows no chills. Jeso!!
sparkly
#11884 Posted : Monday, March 18, 2019 10:36:44 AM
Rank: Elder


Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
obiero wrote:
xxxxx wrote:
obiero wrote:
xxxxx wrote:
obiero wrote:
[quote=VituVingiSana]@sparkly - Why do you want to hurt someone's feelings?

“There is actually no way KQ can be profitable in its current state. I don’t know how to do that,” Mr Mikosz said.

“The pilots are overpaid and the workforce bloated, bleeding the airline to death,” he said.

In Mr Makosz's view, KQ should be delisted from the Nairobi Securities Exchange to facilitate a quieter turnaround away from the noise of minority shareholders.

Mr Mikosz took a swipe at his predecessors Titus Naikuni and Mbuvi Ngunze, for bringing KQ to its current predicament.

Problems were compounded in 2017 when the airline was forced into a bad restructuring programme.

https://www.theeastafric...558-15dhd7kz/index.html

The JKIA must be gained by KQ or I am sunk. Well at least @maka has achieved his objective of forcing Sebastian out via sabotage including labor unrest and intentional malicious damage by the technical team to three aircraft in the last 6 months. As I have stated here since 2012, KQ employees are the main problem at KQ and not the airline industry itself.. Kenya has reasonable visitor traffic to ensure a profitable KQ, but the staff have other ideas including collusion with travel agents to drive traffic away from KQ to competition for a cut. Imagine that



.....and yet with all that info, you still hope for returns from this monkeyShame on you Shame on you Shame on you

Returns will come because GoK will not let the firm die.. You expect me to sell at 78% loss position? I will take my chances and wait to see how it ends..


Sometimes the best thing to do when u find yourself in a hole is to stop digging. Govt not letting KQ die is not slang for you making money off KQ stock.

At 78% loss, you need kq to rise by 156% just to break even. You need miracles and blessings my brother. With Mikosz's most recent situation analysis, and his opinion that KQ should be delisted to sort itself quietly away from the likes of you minority shareholders, that staff are overpaid, that govt patronage is mandatory for KQ, the writing's on the wall for u. He's given KQ at most 5 years.

We have more possibility for positive returns on our ARMCement 100% write offs than your stake in KQ. You better believe Murphy's law and act accordingly. Cut your losses while u still can. Thank me later.

Hakuna kitu mpya unaniambia.. I am ready to loose 100% and fully provide for the same but I sense that a turnaround is imminent.. That's why I remain inside https://www.businessdail...2580-13ol23y/index.html[/quote]

Bitange Ndemo, the self confessed enterprenuaral and consulting failure is now an expert on KQ matters Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly
Life is short. Live passionately.
ArrestedDev
#11885 Posted : Monday, March 18, 2019 10:53:08 AM
Rank: Member


Joined: 5/29/2016
Posts: 898
Location: Nairobi
sparkly wrote:
obiero wrote:
xxxxx wrote:
obiero wrote:
xxxxx wrote:
obiero wrote:
[quote=VituVingiSana]@sparkly - Why do you want to hurt someone's feelings?

“There is actually no way KQ can be profitable in its current state. I don’t know how to do that,” Mr Mikosz said.

“The pilots are overpaid and the workforce bloated, bleeding the airline to death,” he said.

In Mr Makosz's view, KQ should be delisted from the Nairobi Securities Exchange to facilitate a quieter turnaround away from the noise of minority shareholders.

Mr Mikosz took a swipe at his predecessors Titus Naikuni and Mbuvi Ngunze, for bringing KQ to its current predicament.

Problems were compounded in 2017 when the airline was forced into a bad restructuring programme.

https://www.theeastafric...558-15dhd7kz/index.html

The JKIA must be gained by KQ or I am sunk. Well at least @maka has achieved his objective of forcing Sebastian out via sabotage including labor unrest and intentional malicious damage by the technical team to three aircraft in the last 6 months. As I have stated here since 2012, KQ employees are the main problem at KQ and not the airline industry itself.. Kenya has reasonable visitor traffic to ensure a profitable KQ, but the staff have other ideas including collusion with travel agents to drive traffic away from KQ to competition for a cut. Imagine that



.....and yet with all that info, you still hope for returns from this monkeyShame on you Shame on you Shame on you

Returns will come because GoK will not let the firm die.. You expect me to sell at 78% loss position? I will take my chances and wait to see how it ends..


Sometimes the best thing to do when u find yourself in a hole is to stop digging. Govt not letting KQ die is not slang for you making money off KQ stock.

At 78% loss, you need kq to rise by 156% just to break even. You need miracles and blessings my brother. With Mikosz's most recent situation analysis, and his opinion that KQ should be delisted to sort itself quietly away from the likes of you minority shareholders, that staff are overpaid, that govt patronage is mandatory for KQ, the writing's on the wall for u. He's given KQ at most 5 years.

We have more possibility for positive returns on our ARMCement 100% write offs than your stake in KQ. You better believe Murphy's law and act accordingly. Cut your losses while u still can. Thank me later.

Hakuna kitu mpya unaniambia.. I am ready to loose 100% and fully provide for the same but I sense that a turnaround is imminent.. That's why I remain inside https://www.businessdail...2580-13ol23y/index.html[/quote]

Bitange Ndemo, the self confessed enterprenuaral and consulting failure is now an expert on KQ matters Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly


2018 loss must be worse. The way Mikosz is talking leaves a lot of doubts for KQ.

Ngunze and Naikuni messed the Airline big time and no need to apportion blame anymore. Pilots should not be blamed also. How much does KLM folks, Polish consultants and Mikosz earn in comparison to the output?

It is time for him to go if he cannot put in place a strong strategy team to guide the Airline forward.
VituVingiSana
#11886 Posted : Monday, March 18, 2019 10:58:21 AM
Rank: Chief


Joined: 1/3/2007
Posts: 18,134
Location: Nairobi
EVERYBODY makes money off KQ but the Shareholders.

EVERYBODY includes:
MJ
Mikosz
Pilots
Suppliers akina Rugendo
JKIA
GoK [as a taxing authority not as a shareholder]
Crew
Janitors
Cabs
Uniform suppliers
KLM [as a supplier not as a shareholder]
PR people
Na kadhalika
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Ericsson
#11887 Posted : Monday, March 18, 2019 11:24:26 AM
Rank: Elder


Joined: 12/4/2009
Posts: 10,703
Location: NAIROBI
ArrestedDev wrote:
sparkly wrote:
obiero wrote:
xxxxx wrote:
obiero wrote:
xxxxx wrote:
obiero wrote:
[quote=VituVingiSana]@sparkly - Why do you want to hurt someone's feelings?

“There is actually no way KQ can be profitable in its current state. I don’t know how to do that,” Mr Mikosz said.

“The pilots are overpaid and the workforce bloated, bleeding the airline to death,” he said.

In Mr Makosz's view, KQ should be delisted from the Nairobi Securities Exchange to facilitate a quieter turnaround away from the noise of minority shareholders.

Mr Mikosz took a swipe at his predecessors Titus Naikuni and Mbuvi Ngunze, for bringing KQ to its current predicament.

Problems were compounded in 2017 when the airline was forced into a bad restructuring programme.

https://www.theeastafric...558-15dhd7kz/index.html

The JKIA must be gained by KQ or I am sunk. Well at least @maka has achieved his objective of forcing Sebastian out via sabotage including labor unrest and intentional malicious damage by the technical team to three aircraft in the last 6 months. As I have stated here since 2012, KQ employees are the main problem at KQ and not the airline industry itself.. Kenya has reasonable visitor traffic to ensure a profitable KQ, but the staff have other ideas including collusion with travel agents to drive traffic away from KQ to competition for a cut. Imagine that



.....and yet with all that info, you still hope for returns from this monkeyShame on you Shame on you Shame on you

Returns will come because GoK will not let the firm die.. You expect me to sell at 78% loss position? I will take my chances and wait to see how it ends..


Sometimes the best thing to do when u find yourself in a hole is to stop digging. Govt not letting KQ die is not slang for you making money off KQ stock.

At 78% loss, you need kq to rise by 156% just to break even. You need miracles and blessings my brother. With Mikosz's most recent situation analysis, and his opinion that KQ should be delisted to sort itself quietly away from the likes of you minority shareholders, that staff are overpaid, that govt patronage is mandatory for KQ, the writing's on the wall for u. He's given KQ at most 5 years.

We have more possibility for positive returns on our ARMCement 100% write offs than your stake in KQ. You better believe Murphy's law and act accordingly. Cut your losses while u still can. Thank me later.

Hakuna kitu mpya unaniambia.. I am ready to loose 100% and fully provide for the same but I sense that a turnaround is imminent.. That's why I remain inside https://www.businessdail...2580-13ol23y/index.html[/quote]

Bitange Ndemo, the self confessed enterprenuaral and consulting failure is now an expert on KQ matters Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly


2018 loss must be worse. The way Mikosz is talking leaves a lot of doubts for KQ.

Ngunze and Naikuni messed the Airline big time and no need to apportion blame anymore. Pilots should not be blamed also. How much does KLM folks, Polish consultants and Mikosz earn in comparison to the output?

It is time for him to go if he cannot put in place a strong strategy team to guide the Airline forward.


From the onset i doubted Mikosz as the saviour of kq.
Kq revival requires painful decisions to be taken of which the people benefitting from the current mess aren't ready to take. This includes pilots, the ceo, chairman.
Kq at its current state the MD shouldn't be earning more than ksh.1mn as salary.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
nairobby
#11888 Posted : Monday, March 18, 2019 11:29:23 AM
Rank: Member


Joined: 1/18/2019
Posts: 185
Location: kenya
sparkly wrote:
obiero wrote:
sparkly wrote:
Musimo wrote:
Two quick ones.
1. Government says they might look to buy back KQ and make it majority government owned shares-wise, KAA is government owned through and through. What would happen if KAA 'decided' to own shares in KQ, then give them 'preferential' treatment at all KAA airports (Read JKIA, MIA) KQ flies to, would this serve the same purpose as the proposed SPV KQ is targetting with KAA on JKIA (maybe MIA), in return for KQ making JKIA their hub (though KQ have no option on this)?
2. Why hasnt KQ gone out to revive/start cargo? most routes within the continent rely on cargo going out to European airports before it is flown back to the continent, that would be a fabulous starting point for them to commence and grow their cargo wing. Most airlines the would over sometimes rely on the cargo business to keep them going when the going gets tough, why not KQ?



Interpretition = Taxpayers money will be used to buy off the bankers who own 38% of KQ.

Unlikely. Remember that there is the Mandatory Convert plus GoK guarantee for all future lending to KQ. It will benefit a bank more to remain as a shareholder


No banker is interested in ownership equity. Take that to the bank.


Facts. The bankers would be happy if they got an exit that guaranteed their money. 100% they wouldn't hesitate
obiero
#11889 Posted : Monday, March 18, 2019 12:06:08 PM
Rank: Elder


Joined: 6/23/2009
Posts: 13,567
Location: nairobi
ArrestedDev wrote:
sparkly wrote:
obiero wrote:
xxxxx wrote:
obiero wrote:
xxxxx wrote:
obiero wrote:
[quote=VituVingiSana]@sparkly - Why do you want to hurt someone's feelings?

“There is actually no way KQ can be profitable in its current state. I don’t know how to do that,” Mr Mikosz said.

“The pilots are overpaid and the workforce bloated, bleeding the airline to death,” he said.

In Mr Makosz's view, KQ should be delisted from the Nairobi Securities Exchange to facilitate a quieter turnaround away from the noise of minority shareholders.

Mr Mikosz took a swipe at his predecessors Titus Naikuni and Mbuvi Ngunze, for bringing KQ to its current predicament.

Problems were compounded in 2017 when the airline was forced into a bad restructuring programme.

https://www.theeastafric...558-15dhd7kz/index.html

The JKIA must be gained by KQ or I am sunk. Well at least @maka has achieved his objective of forcing Sebastian out via sabotage including labor unrest and intentional malicious damage by the technical team to three aircraft in the last 6 months. As I have stated here since 2012, KQ employees are the main problem at KQ and not the airline industry itself.. Kenya has reasonable visitor traffic to ensure a profitable KQ, but the staff have other ideas including collusion with travel agents to drive traffic away from KQ to competition for a cut. Imagine that



.....and yet with all that info, you still hope for returns from this monkeyShame on you Shame on you Shame on you

Returns will come because GoK will not let the firm die.. You expect me to sell at 78% loss position? I will take my chances and wait to see how it ends..


Sometimes the best thing to do when u find yourself in a hole is to stop digging. Govt not letting KQ die is not slang for you making money off KQ stock.

At 78% loss, you need kq to rise by 156% just to break even. You need miracles and blessings my brother. With Mikosz's most recent situation analysis, and his opinion that KQ should be delisted to sort itself quietly away from the likes of you minority shareholders, that staff are overpaid, that govt patronage is mandatory for KQ, the writing's on the wall for u. He's given KQ at most 5 years.

We have more possibility for positive returns on our ARMCement 100% write offs than your stake in KQ. You better believe Murphy's law and act accordingly. Cut your losses while u still can. Thank me later.

Hakuna kitu mpya unaniambia.. I am ready to loose 100% and fully provide for the same but I sense that a turnaround is imminent.. That's why I remain inside https://www.businessdail...2580-13ol23y/index.html[/quote]

Bitange Ndemo, the self confessed enterprenuaral and consulting failure is now an expert on KQ matters Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly


2018 loss must be worse. The way Mikosz is talking leaves a lot of doubts for KQ.

Ngunze and Naikuni messed the Airline big time and no need to apportion blame anymore. Pilots should not be blamed also. How much does KLM folks, Polish consultants and Mikosz earn in comparison to the output?

It is time for him to go if he cannot put in place a strong strategy team to guide the Airline forward.

5.6B loss is my forecast.. Sebastian talk is OK, the pain of having to explain a decision that benefits Kenyans who apparently do not see the sense in it

COOP 70,000 ABP 15.20; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
VituVingiSana
#11890 Posted : Monday, March 18, 2019 12:12:26 PM
Rank: Chief


Joined: 1/3/2007
Posts: 18,134
Location: Nairobi
Clear up grey areas in KQ, KAA merger bid
https://www.businessdail...9138-13gum8ez/index.html
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
VituVingiSana
#11891 Posted : Monday, March 18, 2019 12:16:25 PM
Rank: Chief


Joined: 1/3/2007
Posts: 18,134
Location: Nairobi
obiero wrote:
ArrestedDev wrote:
sparkly wrote:
obiero wrote:
xxxxx wrote:
obiero wrote:
xxxxx wrote:
obiero wrote:
[quote=VituVingiSana]@sparkly - Why do you want to hurt someone's feelings?

“There is actually no way KQ can be profitable in its current state. I don’t know how to do that,” Mr Mikosz said.

“The pilots are overpaid and the workforce bloated, bleeding the airline to death,” he said.

In Mr Makosz's view, KQ should be delisted from the Nairobi Securities Exchange to facilitate a quieter turnaround away from the noise of minority shareholders.

Mr Mikosz took a swipe at his predecessors Titus Naikuni and Mbuvi Ngunze, for bringing KQ to its current predicament.

Problems were compounded in 2017 when the airline was forced into a bad restructuring programme.

https://www.theeastafric...558-15dhd7kz/index.html

The JKIA must be gained by KQ or I am sunk. Well at least @maka has achieved his objective of forcing Sebastian out via sabotage including labor unrest and intentional malicious damage by the technical team to three aircraft in the last 6 months. As I have stated here since 2012, KQ employees are the main problem at KQ and not the airline industry itself.. Kenya has reasonable visitor traffic to ensure a profitable KQ, but the staff have other ideas including collusion with travel agents to drive traffic away from KQ to competition for a cut. Imagine that



.....and yet with all that info, you still hope for returns from this monkeyShame on you Shame on you Shame on you

Returns will come because GoK will not let the firm die.. You expect me to sell at 78% loss position? I will take my chances and wait to see how it ends..


Sometimes the best thing to do when u find yourself in a hole is to stop digging. Govt not letting KQ die is not slang for you making money off KQ stock.

At 78% loss, you need kq to rise by 156% just to break even. You need miracles and blessings my brother. With Mikosz's most recent situation analysis, and his opinion that KQ should be delisted to sort itself quietly away from the likes of you minority shareholders, that staff are overpaid, that govt patronage is mandatory for KQ, the writing's on the wall for u. He's given KQ at most 5 years.

We have more possibility for positive returns on our ARMCement 100% write offs than your stake in KQ. You better believe Murphy's law and act accordingly. Cut your losses while u still can. Thank me later.

Hakuna kitu mpya unaniambia.. I am ready to loose 100% and fully provide for the same but I sense that a turnaround is imminent.. That's why I remain inside https://www.businessdail...2580-13ol23y/index.html[/quote]

Bitange Ndemo, the self confessed enterprenuaral and consulting failure is now an expert on KQ matters Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly


2018 loss must be worse. The way Mikosz is talking leaves a lot of doubts for KQ.

Ngunze and Naikuni messed the Airline big time and no need to apportion blame anymore. Pilots should not be blamed also. How much does KLM folks, Polish consultants and Mikosz earn in comparison to the output?

It is time for him to go if he cannot put in place a strong strategy team to guide the Airline forward.

5.6B loss is my forecast.. Sebastian talk is OK, the pain of having to explain a decision that benefits Kenyans who apparently do not see the sense in it

90% of Kenyans will not miss KQ.
99% of Kenyans don't benefit from a loss-making KQ.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Ericsson
#11892 Posted : Monday, March 18, 2019 12:43:31 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,703
Location: NAIROBI
Nowdays everyone is an expert in kq matters so that they can remain relevant
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Ericsson
#11893 Posted : Monday, March 18, 2019 12:45:34 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,703
Location: NAIROBI
[quote=VituVingiSana]Clear up grey areas in KQ, KAA merger bid
https://www.businessdail...138-13gum8ez/index.html[/quote]

KQ KAA merger isn't the solution.
JKIA revenues can't repay ksh.220bn debt even for 30 years.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
HaMaina
#11894 Posted : Monday, March 18, 2019 1:29:01 PM
Rank: Veteran


Joined: 4/23/2014
Posts: 913
What has suddenly happened with KQ, -10% trading is a bit strange.Or maybe there's some depressing news on the way.
“You can get in way more trouble with a good idea than a bad idea, because you forget that the good idea has limits.” - Ben Graham
snifadog
#11895 Posted : Monday, March 18, 2019 2:00:53 PM
Rank: Member


Joined: 6/6/2016
Posts: 165
Location: Nairobi
KQ's problems are synonymous with the rest of the corruption sagas going in Kenya. There is no way this national asset can survive in such a globally competitive industry if you factor in there are looters (in and outside of the company) bleeding it dry on a daily basis. Mikosz will not be able to turn around the staff culture (I doubt anyone can) folks simply want to bite off their share until the thing kicks its last.
tandich
#11896 Posted : Monday, March 18, 2019 3:09:35 PM
Rank: Member


Joined: 5/6/2008
Posts: 199
Pesa Nane
#11897 Posted : Monday, March 18, 2019 3:21:25 PM
Rank: Elder


Joined: 5/25/2012
Posts: 4,105
Location: 08c
VituVingiSana wrote:
EVERYBODY makes money off KQ but the Shareholders.

EVERYBODY includes:
MJ
Mikosz
Pilots
Suppliers akina Rugendo
JKIA
GoK [as a taxing authority not as a shareholder]
Crew
Janitors
Cabs
Uniform suppliers
KLM [as a supplier not as a shareholder]
PR people
Na kadhalika


Dear @VVS, Please spare a thought for the main customer; The KQ Traveller, who has to deal with Expensive Tickets, Regular disruptions (strikes), lost/left Buggage, late departures (especially domestic), over-bookings during high season in addition to the thiefing KAA/KQ employees.
Pesa Nane plans to be shilingi when he grows up.
Ericsson
#11898 Posted : Monday, March 18, 2019 3:29:11 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,703
Location: NAIROBI
Pesa Nane wrote:
VituVingiSana wrote:
EVERYBODY makes money off KQ but the Shareholders.

EVERYBODY includes:
MJ
Mikosz
Pilots
Suppliers akina Rugendo
JKIA
GoK [as a taxing authority not as a shareholder]
Crew
Janitors
Cabs
Uniform suppliers
KLM [as a supplier not as a shareholder]
PR people
Na kadhalika


Dear @VVS, Please spare a thought for the main customer; The KQ Traveller, who has to deal with Expensive Tickets, Regular disruptions (strikes), lost/left Buggage, late departures (especially domestic), over-bookings during high season in addition to the thiefing KAA/KQ employees.


This is kenya,nobody cares.They only look after their pockets
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
snifadog
#11899 Posted : Monday, March 18, 2019 5:20:53 PM
Rank: Member


Joined: 6/6/2016
Posts: 165
Location: Nairobi
Well said. This thing is too gone to be salvaged. Just close the airline and think again. KQ can not operate in this competitive industry with the rate of looting going on in Kenya.

KQ was my first foray into the NSE, I am in a >70% paper loss. Let us (shareholders et al) cut our losses and move on before KAA is also looted to insolvency
xxxxx
#11900 Posted : Monday, March 18, 2019 6:56:52 PM
Rank: Member


Joined: 3/20/2008
Posts: 503
obiero wrote:
ArrestedDev wrote:
sparkly wrote:
obiero wrote:
xxxxx wrote:
obiero wrote:
xxxxx wrote:
obiero wrote:
[quote=VituVingiSana]@sparkly - Why do you want to hurt someone's feelings?

“There is actually no way KQ can be profitable in its current state. I don’t know how to do that,” Mr Mikosz said.

“The pilots are overpaid and the workforce bloated, bleeding the airline to death,” he said.

In Mr Makosz's view, KQ should be delisted from the Nairobi Securities Exchange to facilitate a quieter turnaround away from the noise of minority shareholders.

Mr Mikosz took a swipe at his predecessors Titus Naikuni and Mbuvi Ngunze, for bringing KQ to its current predicament.

Problems were compounded in 2017 when the airline was forced into a bad restructuring programme.

https://www.theeastafric...558-15dhd7kz/index.html

The JKIA must be gained by KQ or I am sunk. Well at least @maka has achieved his objective of forcing Sebastian out via sabotage including labor unrest and intentional malicious damage by the technical team to three aircraft in the last 6 months. As I have stated here since 2012, KQ employees are the main problem at KQ and not the airline industry itself.. Kenya has reasonable visitor traffic to ensure a profitable KQ, but the staff have other ideas including collusion with travel agents to drive traffic away from KQ to competition for a cut. Imagine that



.....and yet with all that info, you still hope for returns from this monkeyShame on you Shame on you Shame on you

Returns will come because GoK will not let the firm die.. You expect me to sell at 78% loss position? I will take my chances and wait to see how it ends..


Sometimes the best thing to do when u find yourself in a hole is to stop digging. Govt not letting KQ die is not slang for you making money off KQ stock.

At 78% loss, you need kq to rise by 156% just to break even. You need miracles and blessings my brother. With Mikosz's most recent situation analysis, and his opinion that KQ should be delisted to sort itself quietly away from the likes of you minority shareholders, that staff are overpaid, that govt patronage is mandatory for KQ, the writing's on the wall for u. He's given KQ at most 5 years.

We have more possibility for positive returns on our ARMCement 100% write offs than your stake in KQ. You better believe Murphy's law and act accordingly. Cut your losses while u still can. Thank me later.

Hakuna kitu mpya unaniambia.. I am ready to loose 100% and fully provide for the same but I sense that a turnaround is imminent.. That's why I remain inside https://www.businessdail...2580-13ol23y/index.html[/quote]

Bitange Ndemo, the self confessed enterprenuaral and consulting failure is now an expert on KQ matters Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly


2018 loss must be worse. The way Mikosz is talking leaves a lot of doubts for KQ.

Ngunze and Naikuni messed the Airline big time and no need to apportion blame anymore. Pilots should not be blamed also. How much does KLM folks, Polish consultants and Mikosz earn in comparison to the output?

It is time for him to go if he cannot put in place a strong strategy team to guide the Airline forward.

5.6B loss is my forecast.. Sebastian talk is OK, the pain of having to explain a decision that benefits Kenyans who apparently do not see the sense in it


@Obiero.....u remind me of NJUNGE who was in love with Mumias Sugar. I really wish Njunge could speak about Mumias Sugar's current predicament.
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