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Kenya Airways...why ignore..
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VituVingiSana
#6511 Posted : Friday, November 04, 2016 6:43:01 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,347
Location: Nairobi
obiero wrote:
sparkly wrote:
obiero wrote:
VituVingiSana wrote:
ARAP CHARLES wrote:
Impunity wrote:
obiero wrote:
Spikes wrote:
obiero wrote:
ArrestedDev wrote:
maka wrote:
obiero wrote:
[quote=maka]http://www.businessdailyafrica.com/Corporate-News/KQ-reveals-additional-Sh3bn-accounting-loss-/539550-3439020-mj8qis/index.html

The wise Ngunze saved KQ from certain collapse

You wish...


Ngunze is a total mess. I cannot wait for his exit for his blunders to be unearthed. There is more to come.

@maka,I am not sure where Business Daily is getting the additional aircrafts to be leased out to Turkish and Oman Air!

Cashed out 411,000 KQ shares



@Obiero any exchange bar information?

I had a loan on the 411,000 shares so I had to clear out the debt. Initial placement KES 1,479,600, eventual sale worth KES 2,794,800


Then you should have sold the equivalent value of KES.1,479,600 with say 10% cap for interest and leave the rest on your portfolio!
Sad

My Best advice was not to sell if I were you. looking at the demand cap today... your 12ksh. is gonna be very much fetched.. It seems you are the one to bite the bigger fingers..

Well, are you taking your own medicine and buying more KQ?

http://www.businessdaily...0178-2ouykfz/index.html[/quote]

Whatever you are doing now, you are a genius until the Co gets delisted and you get stuck with worthless shares for 10 years.

High risk, high return.. That's my investment code

Pssst, don't tell anyone but there's Mumias, Olympia and even Express for you! High Risk.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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VituVingiSana
#6512 Posted : Friday, November 04, 2016 8:48:11 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,347
Location: Nairobi
Ngunze in Kenya Airways to stay, says Michael Joseph

http://www.businessdaily...1182-100aq4ez/index.html
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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obiero
#6513 Posted : Friday, November 04, 2016 10:22:11 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,217
Location: nairobi
[quote=VituVingiSana]Ngunze in Kenya Airways to stay, says Michael Joseph

http://www.businessdaily...182-100aq4ez/index.html[/quote]
KES 7 printed today with a volume of 1,359,300
http://www.businessdaily...tem-1-n0ulcaz/index.html

KQ ABP 4.26
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  | | Edit by user: Friday, November 04, 2016 10:29 PM | Reason: Not specified
Kausha
#6514 Posted : Saturday, November 05, 2016 9:13:03 AM
Rank: Member

Joined: 2/8/2007
Posts: 808
poor pilots. The price retreats on Monday. Just wondering how they will ever raise equity capital when Mbuvi is at the helm. A classic case of a cat chasing it's tail while stuck at the bottom of a hole rather than climbing out.
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obiero
#6515 Posted : Saturday, November 05, 2016 10:27:56 AM
Rank: Elder

Joined: 6/23/2009
Posts: 14,217
Location: nairobi
Kausha wrote:
poor pilots. The price retreats on Monday. Just wondering how they will ever raise equity capital when Mbuvi is at the helm. A classic case of a cat chasing it's tail while stuck at the bottom of a hole rather than climbing out.

The price is more likely to rise than fall

KQ ABP 4.26
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Kausha
#6516 Posted : Saturday, November 05, 2016 11:56:16 AM
Rank: Member

Joined: 2/8/2007
Posts: 808
Monday sio!
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obiero
#6517 Posted : Saturday, November 05, 2016 12:04:29 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,217
Location: nairobi
Kausha wrote:
Monday sio!

Yes, Monday.. Stability has been brought to the labor pool at KQ with KALPA blessings.. That's a positive sign unless you convince us otherwise

KQ ABP 4.26
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ArrestedDev
#6518 Posted : Saturday, November 05, 2016 12:42:30 PM
Rank: Member

Joined: 5/29/2016
Posts: 898
Location: Nairobi
[quote=obiero][quote=VituVingiSana]Ngunze in Kenya Airways to stay, says Michael Joseph

http://www.businessdaily...182-100aq4ez/index.html[/quote]
KES 7 printed today with a volume of 1,359,300
http://www.businessdaily...em-1-n0ulcaz/index.html[/quote]

Another strike early next year. Unless, he is there to help with debt restructuring and audit since he has questions to answer on some decisions made e.g. how these loans were single sourced.


@obiero, you earlier reported that renegotiations of the terms of the loans was over and only a few banks refused? It seems the exercise has never been done.
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obiero
#6519 Posted : Saturday, November 05, 2016 1:58:52 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,217
Location: nairobi
ArrestedDev wrote:
[quote=obiero][quote=VituVingiSana]Ngunze in Kenya Airways to stay, says Michael Joseph

http://www.businessdaily...182-100aq4ez/index.html[/quote]
KES 7 printed today with a volume of 1,359,300
http://www.businessdaily...em-1-n0ulcaz/index.html[/quote]

Another strike early next year. Unless, he is there to help with debt restructuring and audit since he has questions to answer on some decisions made e.g. how these loans were single sourced.


@obiero, you earlier reported that renegotiations of the terms of the loans was over and only a few banks refused? It seems the exercise has never been done.

He already negotiated with 10+ lenders only 3 had initially said no.. Those are the ones being targeted since they form bulk of the KQ creditors

KQ ABP 4.26
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ArrestedDev
#6520 Posted : Saturday, November 05, 2016 5:34:17 PM
Rank: Member

Joined: 5/29/2016
Posts: 898
Location: Nairobi
obiero wrote:
ArrestedDev wrote:
[quote=obiero][quote=VituVingiSana]Ngunze in Kenya Airways to stay, says Michael Joseph

http://www.businessdaily...182-100aq4ez/index.html[/quote]
KES 7 printed today with a volume of 1,359,300
http://www.businessdaily...em-1-n0ulcaz/index.html[/quote]

Another strike early next year. Unless, he is there to help with debt restructuring and audit since he has questions to answer on some decisions made e.g. how these loans were single sourced.


@obiero, you earlier reported that renegotiations of the terms of the loans was over and only a few banks refused? It seems the exercise has never been done.

He already negotiated with 10+ lenders only 3 had initially said no.. Those are the ones being targeted since they form bulk of the KQ creditors



Let's wait and see if the interest expense will come down soon, otherwise, the negative equity is going to widen by end of march next year.

MJ commands respect.He has been camping at KQ seeking to understand the business and this is very encouraging as he will pick the flaws very easily considering his wealth of management experience.

I am not surprised that Ngunze will stay on. He stated clearly what he wants him to do and this might present an opportunity for MJ to confirm if indeed this guy is incompetent or otherwise. It wont take him long to determine. Furthermore, before any decision is made by the management going forward, MJ has to endorse it.
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