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Kenya Airways...why ignore..
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VituVingiSana
#6521 Posted : Saturday, November 05, 2016 6:16:03 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,347
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
Who are the 3 smart lenders who refused to "reschedule" the loans?
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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ARAP CHARLES
#6522 Posted : Saturday, November 05, 2016 8:30:44 PM
Rank: Member

Joined: 5/30/2016
Posts: 217
Location: Talai
[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]
This volumes are very huge... from Monday to Friday.. over an average of 1,500,000 shares trading on a single day. Obiero.. I agree volumes speak a lot. numerous agreements to be fine tuned..
Watch and Listen and Live
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obiero
#6523 Posted : Saturday, November 05, 2016 9:48:35 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,217
Location: nairobi
ARAP CHARLES 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]
This volumes are very huge... from Monday to Friday.. over an average of 1,500,000 shares trading on a single day. Obiero.. I agree volumes speak a lot. numerous agreements to be fine tuned..

Stocks across the globe are a factor of one thing only, information.. Guys with the early, raw info get the better of others. The delayed withdrawal of Ngunze is good information, so if KQ tanks on Monday I shall send @Kausha 10,000 bob

KQ ABP 4.26
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VituVingiSana
#6524 Posted : Saturday, November 05, 2016 9:57:31 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,347
Location: Nairobi
obiero wrote:
ARAP CHARLES 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]
This volumes are very huge... from Monday to Friday.. over an average of 1,500,000 shares trading on a single day. Obiero.. I agree volumes speak a lot. numerous agreements to be fine tuned..

Stocks across the globe are a factor of one thing only, information.. Guys with the early, raw info get the better of others. The delayed withdrawal of Ngunze is good information, so if KQ tanks on Monday I shall send @Kausha 10,000 bob
Liar Liar Liar There was a bet that @Obiero lost but didn't pay out on.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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murchr
#6525 Posted : Sunday, November 06, 2016 10:35:21 PM
Rank: Elder

Joined: 2/26/2012
Posts: 15,980
KQ to renegotiate KLM agreement says MJ
"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
.
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ArrestedDev
#6526 Posted : Monday, November 07, 2016 4:03:01 AM
Rank: Member

Joined: 5/29/2016
Posts: 898
Location: Nairobi
murchr wrote:
KQ to renegotiate KLM agreement says MJ


It a minefield. I wished he had relegated Ngunze back to COO if they really want to keep him, current COO to Director-GS and a new CEO with a vast aviation experience.

No moves for me regarding this stock. Waiting for the outcomes of the board meeting on the 24th of this month.
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VituVingiSana
#6527 Posted : Monday, November 07, 2016 7:34:13 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,347
Location: Nairobi
The only smart move GoK has made in years was appointing MJ as "executive" chairman http://www.businessdaily...442972-6hn5hs/index.html
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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maka
#6528 Posted : Monday, November 07, 2016 8:12:00 AM
Rank: Elder

Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
[quote=VituVingiSana]The only smart move GoK has made in years was appointing MJ as "executive" chairman http://www.businessdaily...42972-6hn5hs/index.html[/quote]

So what have the other fellows been doing all this years...so the pilots are right the issue is management.
possunt quia posse videntur
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ArrestedDev
#6529 Posted : Monday, November 07, 2016 9:01:40 AM
Rank: Member

Joined: 5/29/2016
Posts: 898
Location: Nairobi
[quote=VituVingiSana]The only smart move GoK has made in years was appointing MJ as "executive" chairman http://www.businessdaily...42972-6hn5hs/index.html[/quote]

It is not formal as far as I am concerned. It is only because no one else in KQ executive management can handle this issue. The Seabury report concluded the later.

I think, the Ministry of Transport tasked him to do so. There is a cabinet resolution that was passed to have the agreement renegotiated.

Seabury report was reported in the below DN article.

http://www.nation.co.ke/...05266-pwbo77/index.html

KLM on the other hand, are passing the buck to KQ that they block tickets and they end up not selling at all. They do not respond to KLM. This was highlighted by Prof. Makau Mutua in an article he wrote on the Standard. He approached a KLM manager at AMS and that was the feedback he was given.
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obiero
#6530 Posted : Monday, November 07, 2016 10:26:01 AM
Rank: Elder

Joined: 6/23/2009
Posts: 14,217
Location: nairobi
KES 7.10 sighted. At KES 8 I bail

KQ ABP 4.26
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