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677 Pages«<641642643644645>»
Kenya Airways...why ignore..
VituVingiSana
#12841 Posted : Monday, June 10, 2019 7:54:22 PM
Rank: Chief


Joined: 1/3/2007
Posts: 16,184
Location: Nairobi
Kenya Airways aims to double fleet over 5 years on path to profit
https://af.reuters.com/a...News/idAFKCN1TB1K9-OZABS
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
obiero
#12842 Posted : Monday, June 10, 2019 9:53:37 PM
Rank: Elder


Joined: 6/23/2009
Posts: 12,033
Location: nairobi
VituVingiSana wrote:
Kenya Airways aims to double fleet over 5 years on path to profit
https://af.reuters.com/a...ews/idAFKCN1TB1K9-OZABS

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 5,500; KCB 3,700; KNRE 100,000; KQ 221,100
maka
#12843 Posted : Monday, June 10, 2019 10:20:03 PM
Rank: Elder


Joined: 4/22/2010
Posts: 11,096
Location: Nairobi
obiero wrote:
VituVingiSana wrote:
Kenya Airways aims to double fleet over 5 years on path to profit
https://af.reuters.com/a...ews/idAFKCN1TB1K9-OZABS

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
Spikes
#12844 Posted : Monday, June 10, 2019 10:37:35 PM
Rank: Elder


Joined: 9/20/2015
Posts: 2,600
Location: Mombasa
obiero wrote:
VituVingiSana wrote:
Kenya Airways aims to double fleet over 5 years on path to profit
https://af.reuters.com/a...ews/idAFKCN1TB1K9-OZABS

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 5:17But Jesus replied, “My Father is always working, and so am I.”
sparkly
#12845 Posted : Tuesday, June 11, 2019 12:58:07 AM
Rank: Elder


Joined: 9/23/2009
Posts: 7,129
Location: Enk are Nyirobi
obiero wrote:
VituVingiSana wrote:
Kenya Airways aims to double fleet over 5 years on path to profit
https://af.reuters.com/a...ews/idAFKCN1TB1K9-OZABS

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.
VituVingiSana
#12846 Posted : Tuesday, June 11, 2019 1:54:11 AM
Rank: Chief


Joined: 1/3/2007
Posts: 16,184
Location: Nairobi
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-law
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
obiero
#12847 Posted : Tuesday, June 11, 2019 5:42:06 AM
Rank: Elder


Joined: 6/23/2009
Posts: 12,033
Location: nairobi
VituVingiSana wrote:
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-law

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 5,500; KCB 3,700; KNRE 100,000; KQ 221,100
nairobby
#12848 Posted : Tuesday, June 11, 2019 9:18:47 AM
Rank: Member


Joined: 1/18/2019
Posts: 122
Location: kenya
obiero wrote:
VituVingiSana wrote:
Kenya Airways aims to double fleet over 5 years on path to profit
https://af.reuters.com/a...ews/idAFKCN1TB1K9-OZABS

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.

Spikes
#12849 Posted : Tuesday, June 11, 2019 12:00:19 PM
Rank: Elder


Joined: 9/20/2015
Posts: 2,600
Location: Mombasa
nairobby wrote:
obiero wrote:
VituVingiSana wrote:
Kenya Airways aims to double fleet over 5 years on path to profit
https://af.reuters.com/a...ews/idAFKCN1TB1K9-OZABS

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 5:17But Jesus replied, “My Father is always working, and so am I.”
Ericsson
#12850 Posted : Tuesday, June 11, 2019 12:28:08 PM
Rank: Elder


Joined: 12/4/2009
Posts: 7,060
Location: NAIROBI
Spikes wrote:
nairobby wrote:
obiero wrote:
VituVingiSana wrote:
Kenya Airways aims to double fleet over 5 years on path to profit
https://af.reuters.com/a...ews/idAFKCN1TB1K9-OZABS

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.
sparkly
#12851 Posted : Tuesday, June 11, 2019 12:54:55 PM
Rank: Elder


Joined: 9/23/2009
Posts: 7,129
Location: Enk are Nyirobi
nairobby wrote:
obiero wrote:
VituVingiSana wrote:
Kenya Airways aims to double fleet over 5 years on path to profit
https://af.reuters.com/a...ews/idAFKCN1TB1K9-OZABS

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.
obiero
#12852 Posted : Tuesday, June 11, 2019 1:45:42 PM
Rank: Elder


Joined: 6/23/2009
Posts: 12,033
Location: nairobi
Ericsson wrote:
Spikes wrote:
nairobby wrote:
obiero wrote:
VituVingiSana wrote:
Kenya Airways aims to double fleet over 5 years on path to profit
https://af.reuters.com/a...ews/idAFKCN1TB1K9-OZABS

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 5,500; KCB 3,700; KNRE 100,000; KQ 221,100
VituVingiSana
#12853 Posted : Tuesday, June 11, 2019 11:28:21 PM
Rank: Chief


Joined: 1/3/2007
Posts: 16,184
Location: Nairobi
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
obiero
#12854 Posted : Wednesday, June 12, 2019 6:09:13 AM
Rank: Elder


Joined: 6/23/2009
Posts: 12,033
Location: nairobi
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 5,500; KCB 3,700; KNRE 100,000; KQ 221,100
Spikes
#12855 Posted : Wednesday, June 12, 2019 7:07:29 AM
Rank: Elder


Joined: 9/20/2015
Posts: 2,600
Location: Mombasa
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!Laughing out loudly Laughing out loudly Laughing out loudly
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 5:17But Jesus replied, “My Father is always working, and so am I.”
sparkly
#12856 Posted : Wednesday, June 12, 2019 8:54:20 AM
Rank: Elder


Joined: 9/23/2009
Posts: 7,129
Location: Enk are Nyirobi
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.
Ericsson
#12857 Posted : Wednesday, June 12, 2019 10:27:24 AM
Rank: Elder


Joined: 12/4/2009
Posts: 7,060
Location: NAIROBI
Kenya Airways Proposes State-Run Entity as Airport Bid Fails

Kenya 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-fails
hardwood
#12858 Posted : Wednesday, June 12, 2019 12:12:41 PM
Rank: Elder


Joined: 7/28/2015
Posts: 9,162
Location: Tuthu, Metumi
Ericsson wrote:
Kenya Airways Proposes State-Run Entity as Airport Bid Fails



https://www.bloomberg.co...re-as-airport-bid-fails


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.
obiero
#12859 Posted : Wednesday, June 12, 2019 1:22:07 PM
Rank: Elder


Joined: 6/23/2009
Posts: 12,033
Location: nairobi
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 5,500; KCB 3,700; KNRE 100,000; KQ 221,100
VituVingiSana
#12860 Posted : Wednesday, June 12, 2019 2:12:05 PM
Rank: Chief


Joined: 1/3/2007
Posts: 16,184
Location: Nairobi
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 Applause Applause Applause
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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