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Kenya Airways...why ignore..
Rank: Chief Joined: 1/3/2007 Posts: 18,129 Location: Nairobi
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Kenya Airways aims to double fleet over 5 years on path to profit https://af.reuters.com/a...News/idAFKCN1TB1K9-OZABSGreedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 6/23/2009 Posts: 13,559 Location: nairobi
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That AGM left me more confused.. It's better if I hadn't made the effort to attend. My takehome message was via dear MJ who was bold enough to state that KQ will still run at a loss through to 2021 incase the airline does not grow it's revenue aggressively..
COOP 70,000 ABP 15.20; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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obiero wrote:That AGM left me more confused.. It's better if I hadn't made the effort to attend. My takehome message was via dear MJ who was bold enough to state that KQ will still run at a loss through to 2021 incase the airline does not grow it's revenue aggressively.. Told you.... Vindicated again... 😔😔 Very sad state of affairs at that company... possunt quia posse videntur
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Rank: Elder Joined: 9/20/2015 Posts: 2,811 Location: Mombasa
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obiero wrote:That AGM left me more confused.. It's better if I hadn't made the effort to attend. My takehome message was via dear MJ who was bold enough to state that KQ will still run at a loss through to 2021 incase the airline does not grow it's revenue aggressively.. In that AGM who cares whether @obiero averaged down or up? People do care about their "tumbofare"...Shareholder is used as an avenue of financial pillar in times of corporate needs like Rights Issue, passing resolutions by acclamation to approve new directors to the board and et cetera. John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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obiero wrote:That AGM left me more confused.. It's better if I hadn't made the effort to attend. My takehome message was via dear MJ who was bold enough to state that KQ will still run at a loss through to 2021 incase the airline does not grow it's revenue aggressively.. Revenue is the magic word. Life is short. Live passionately.
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Rank: Chief Joined: 1/3/2007 Posts: 18,129 Location: Nairobi
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Let me leave these here... 1) RIP KQ: Corrupt John Ngumi Appointed To The Board Of Kenya Airways https://www.cnyakundi.co...board-of-kenya-airways/
2) Dar renews efforts for extradition of KPC boss over scam https://www.nation.co.ke...92788-n5dd8l/index.html
3) John Ngumi: For how long will the Kenya Pipeline boss escape the long arm of the anti-corruption law? http://cofek.co.ke/index...-the-long-arm-of-the-lawGreedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 6/23/2009 Posts: 13,559 Location: nairobi
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Innuendo.. The only thing I know about Ngumi is that he has an insatiable carnal appetite.. With all the beauty on offer via cabin crew.. I am worried
COOP 70,000 ABP 15.20; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Member Joined: 1/18/2019 Posts: 185 Location: kenya
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obiero wrote:That AGM left me more confused.. It's better if I hadn't made the effort to attend. My takehome message was via dear MJ who was bold enough to state that KQ will still run at a loss through to 2021 incase the airline does not grow it's revenue aggressively.. That's ridiculous. Why would you hold such a stock??? Is the board and mgmt trying to say there is no way to reduce operational costs? If that isn't possible just close the damn thing.
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Rank: Elder Joined: 9/20/2015 Posts: 2,811 Location: Mombasa
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nairobby wrote:obiero wrote:That AGM left me more confused.. It's better if I hadn't made the effort to attend. My takehome message was via dear MJ who was bold enough to state that KQ will still run at a loss through to 2021 incase the airline does not grow it's revenue aggressively.. That's ridiculous. Why would you hold such a stock??? Is the board and mgmt trying to say there is no way to reduce operational costs? If that isn't possible just close the damn thing. The share price is primed to fall faster than novice @Wanjiku can average down. Yesterday there was demand as speculators were expecting good news from AGM. MJ's remark has caused stir and panic now you can see demand has dried up as traders retreat. John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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Rank: Elder Joined: 12/4/2009 Posts: 10,702 Location: NAIROBI
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Spikes wrote:nairobby wrote:obiero wrote:That AGM left me more confused.. It's better if I hadn't made the effort to attend. My takehome message was via dear MJ who was bold enough to state that KQ will still run at a loss through to 2021 incase the airline does not grow it's revenue aggressively.. That's ridiculous. Why would you hold such a stock??? Is the board and mgmt trying to say there is no way to reduce operational costs? If that isn't possible just close the damn thing. The share price is primed to fall faster than novice @Wanjiku can average down. Yesterday there was demand as speculators were expecting good news from AGM. MJ's remark has caused stir and panic now you can see demand has dried up as traders retreat. Chairman Michael Joseph told people the reality. Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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nairobby wrote:obiero wrote:That AGM left me more confused.. It's better if I hadn't made the effort to attend. My takehome message was via dear MJ who was bold enough to state that KQ will still run at a loss through to 2021 incase the airline does not grow it's revenue aggressively.. That's ridiculous. Why would you hold such a stock??? Is the board and mgmt trying to say there is no way to reduce operational costs? If that isn't possible just close the damn thing. Painfull truth hitting home for Obiero and Co. Life is short. Live passionately.
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Rank: Elder Joined: 6/23/2009 Posts: 13,559 Location: nairobi
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Ericsson wrote:Spikes wrote:nairobby wrote:obiero wrote:That AGM left me more confused.. It's better if I hadn't made the effort to attend. My takehome message was via dear MJ who was bold enough to state that KQ will still run at a loss through to 2021 incase the airline does not grow it's revenue aggressively.. That's ridiculous. Why would you hold such a stock??? Is the board and mgmt trying to say there is no way to reduce operational costs? If that isn't possible just close the damn thing. The share price is primed to fall faster than novice @Wanjiku can average down. Yesterday there was demand as speculators were expecting good news from AGM. MJ's remark has caused stir and panic now you can see demand has dried up as traders retreat. Chairman Michael Joseph told people the reality. True. He's pragmatic.. Women lie, men lie.. Numbers don't lie 
COOP 70,000 ABP 15.20; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Chief Joined: 1/3/2007 Posts: 18,129 Location: Nairobi
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Court says KQ to pay Mbugua Shs 27,000,000 https://www.businessdail...153714-mxjpf/index.html
The judges agreed that Justice Monicah Mbaru of the Labour Court was right in finding that KQ was in breach of the law when it summarily terminated Mr Mbugua’s employment. “It is quite obvious to us that KQ conflated the performance review and disciplining process and came up with what was essentially a hybrid, mongrel process that did not fall under either category,” they said. They added that the process was tainted and it would seem the performance angle was no more than a red-herring to get rid of him from KQ. “His fate was determined even before he was summoned to attend the Serena session, whatever it was, with the demand that he resign, the barricading of his office, disablement of his email and the like,” they added. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 6/23/2009 Posts: 13,559 Location: nairobi
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VituVingiSana wrote:Court says KQ to pay Mbugua Shs 27,000,000 https://www.businessdail...153714-mxjpf/index.html
The judges agreed that Justice Monicah Mbaru of the Labour Court was right in finding that KQ was in breach of the law when it summarily terminated Mr Mbugua’s employment. “It is quite obvious to us that KQ conflated the performance review and disciplining process and came up with what was essentially a hybrid, mongrel process that did not fall under either category,” they said. They added that the process was tainted and it would seem the performance angle was no more than a red-herring to get rid of him from KQ. “His fate was determined even before he was summoned to attend the Serena session, whatever it was, with the demand that he resign, the barricading of his office, disablement of his email and the like,” they added. Good riddance. We will pay him a round figure of KES 30m.. God will be his ultimate judge
COOP 70,000 ABP 15.20; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Elder Joined: 9/20/2015 Posts: 2,811 Location: Mombasa
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obiero wrote:VituVingiSana wrote:Court says KQ to pay Mbugua Shs 27,000,000 https://www.businessdail...153714-mxjpf/index.html
The judges agreed that Justice Monicah Mbaru of the Labour Court was right in finding that KQ was in breach of the law when it summarily terminated Mr Mbugua’s employment. “It is quite obvious to us that KQ conflated the performance review and disciplining process and came up with what was essentially a hybrid, mongrel process that did not fall under either category,” they said. They added that the process was tainted and it would seem the performance angle was no more than a red-herring to get rid of him from KQ. “His fate was determined even before he was summoned to attend the Serena session, whatever it was, with the demand that he resign, the barricading of his office, disablement of his email and the like,” they added. Good riddance. We will pay him a round figure of KES 30m.. God will be his ultimate judge Clearly, you are a weird trader. You rejoice when you should cry!  Everybody is making money off KQ except shareholders. Mbugua must have been sent home without a penny.A bad ruling from this judge. By all means leeches are sucking KQ dry. John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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VituVingiSana wrote:Court says KQ to pay Mbugua Shs 27,000,000 https://www.businessdail...153714-mxjpf/index.html
The judges agreed that Justice Monicah Mbaru of the Labour Court was right in finding that KQ was in breach of the law when it summarily terminated Mr Mbugua’s employment. “It is quite obvious to us that KQ conflated the performance review and disciplining process and came up with what was essentially a hybrid, mongrel process that did not fall under either category,” they said. They added that the process was tainted and it would seem the performance angle was no more than a red-herring to get rid of him from KQ. “His fate was determined even before he was summoned to attend the Serena session, whatever it was, with the demand that he resign, the barricading of his office, disablement of his email and the like,” they added. Very worrying that a big company like KQ can chase away senior management like thugs knowing very well that courts give on average 1 year's pay for wrongful dismissal. Where were the HR people and lawyers to advise? Why didn't they just serve him with notice? Life is short. Live passionately.
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Rank: Elder Joined: 12/4/2009 Posts: 10,702 Location: NAIROBI
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Kenya Airways Proposes State-Run Entity as Airport Bid FailsKenya Airways Plc. is willing to operate under a state-owned holding company after the troubled airline failed in its bid to jointly run the country’s main airport, according to Chairman Michael Joseph. Lawmakers in the East African nation are expected to issue alternative proposals, including the possible partial nationalization of Kenya Airways, after they last month rejected the airline’s proposal to operate Jomo Kenyatta International Airport with the state-owned Kenya Airports Authority, Joseph said in an interview Monday. The airline, which reported a 5.95 billion shillings ($59 million) full-year loss, is proposing a model similar to Emirates Airline and Ethiopian Airlines Enterprise, which operate as units of state-owned holding companies. Such an arrangement would enable able it to double its fleet in five years, Joseph said. “We need the financial structure to enable us to do that,” he said. “It might not be cash, it might be the balance sheet which is why the airport deal was very important for us.” Kenyan lawmakers may release a report with recommendations on the future of the airline as early as Tuesday. Kenya Airways, which is 48.9% owned by the government, is also on the hunt for a chief executive officer after Sebastian Mikosz said he would step down before the end of his three-year contract. “A mature, seasoned executive is what I will hire,” Joseph said. “There’s not many around. If it’s delayed beyond December there’ll be still strong leadership.” https://www.bloomberg.co...ure-as-airport-bid-failsWealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 7/28/2015 Posts: 9,562 Location: Rodi Kopany, Homa Bay
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Wanjiku already has a huge burden on her back. Now they want to add the KQ monkey to break her back. Shindwe. Let @obiero & co sort their problems without kutusumbua.
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Rank: Elder Joined: 6/23/2009 Posts: 13,559 Location: nairobi
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sparkly wrote:VituVingiSana wrote:Court says KQ to pay Mbugua Shs 27,000,000 https://www.businessdail...153714-mxjpf/index.html
The judges agreed that Justice Monicah Mbaru of the Labour Court was right in finding that KQ was in breach of the law when it summarily terminated Mr Mbugua’s employment. “It is quite obvious to us that KQ conflated the performance review and disciplining process and came up with what was essentially a hybrid, mongrel process that did not fall under either category,” they said. They added that the process was tainted and it would seem the performance angle was no more than a red-herring to get rid of him from KQ. “His fate was determined even before he was summoned to attend the Serena session, whatever it was, with the demand that he resign, the barricading of his office, disablement of his email and the like,” they added. Very worrying that a big company like KQ can chase away senior management like thugs knowing very well that courts give on average 1 year's pay for wrongful dismissal. Where were the HR people and lawyers to advise? Why didn't they just serve him with notice? He was bleeding the firm dry.. But he is Naikuni's problem, not Ngunze, not Sebastian
COOP 70,000 ABP 15.20; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Chief Joined: 1/3/2007 Posts: 18,129 Location: Nairobi
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obiero wrote:sparkly wrote:VituVingiSana wrote:Court says KQ to pay Mbugua Shs 27,000,000 https://www.businessdail...153714-mxjpf/index.html
The judges agreed that Justice Monicah Mbaru of the Labour Court was right in finding that KQ was in breach of the law when it summarily terminated Mr Mbugua’s employment. “It is quite obvious to us that KQ conflated the performance review and disciplining process and came up with what was essentially a hybrid, mongrel process that did not fall under either category,” they said. They added that the process was tainted and it would seem the performance angle was no more than a red-herring to get rid of him from KQ. “His fate was determined even before he was summoned to attend the Serena session, whatever it was, with the demand that he resign, the barricading of his office, disablement of his email and the like,” they added. Very worrying that a big company like KQ can chase away senior management like thugs knowing very well that courts give on average 1 year's pay for wrongful dismissal. Where were the HR people and lawyers to advise? Why didn't they just serve him with notice? He was bleeding the firm dry.. But he is Naikuni's problem, not Ngunze, not Sebastian I did not know Naikuni, not KQ, was going to pay Mbugua. That's  Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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