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Time to enter KQ?
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mwanahisa
#91 Posted : Friday, March 18, 2011 2:08:12 PM
Rank: Elder

Joined: 6/2/2008
Posts: 1,438
I am also not in favour of a rights issue. However, you and I are hardly in a position to prevent Naikuni & the B.o.D from going for it, if they have their minds set upon doing so. All the same, I have got this sneaking feeling that if the price remains at the current level, or falls further then it will be really difficult for them to go for rights. I believe the best bet for KQ is to issue a convertible/redeemable bond which they can convert to equity when market conditions are more benign.

If by any chance they were to reverse course on a rights issue, and other factors become more favourable, I believe the KQ share price could experience a nice rebound. But these are very many IFs.
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VituVingiSana
#92 Posted : Friday, March 18, 2011 3:44:00 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,342
Location: Nairobi
@mwanahisa - The key is not Naikuni or BoD [who have very few shares & that pisses me off too] but KLM... If KLM does not buy into the Rights, there will be very few who will support the Rights... Vote of confidence...
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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mwanahisa
#93 Posted : Friday, March 18, 2011 4:08:24 PM
Rank: Elder

Joined: 6/2/2008
Posts: 1,438
VituVingiSana wrote:
@mwanahisa - The key is not Naikuni or BoD [who have very few shares & that pisses me off too] but KLM... If KLM does not buy into the Rights, there will be very few who will support the Rights... Vote of confidence...


KLM carries a lot of weight on the KQ board even if they may only have 2 directors. If I am not wrong, they actually have a VETO on the appointment of both the CEO and the Finance Director. Hence if the B.o.D recommends a rights issue, we can only assume that it would have been with their concurrence.

From their standpoint, that may not be such a bad thing as it may enable them to purchase more of KQ at a discount. I hope you remember how Guinness managed to get controlling shares in EABL back in the day!
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VituVingiSana
#94 Posted : Friday, March 18, 2011 4:54:44 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,342
Location: Nairobi
@mwanahisa - True...
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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ecstacy
#95 Posted : Friday, March 25, 2011 10:10:33 AM
Rank: Elder

Joined: 2/26/2008
Posts: 4,449
Unlike Access Kenya smile at current floor price of Ksh33/34, KQ is a strong leverage down contender if not longer term investment!
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PKoli
#96 Posted : Friday, March 25, 2011 9:10:36 PM
Rank: Elder

Joined: 2/10/2007
Posts: 1,587
VituVingiSana wrote:
“Most people get interested in stocks when everyone else is. The time to get interested is when no one else is. You can't buy what is popular and do well”: Warren Buffett


True,KQ is looking juicy now. There is huge potential for upsurge..
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Muthawamunene
#97 Posted : Friday, March 25, 2011 10:40:14 PM
Rank: Member

Joined: 1/3/2011
Posts: 264
Location: Nairobi
yule alisema he/she will only buy at 24/= is the sanest person I have read from on wazua today.
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QW25071985
#98 Posted : Friday, March 25, 2011 11:47:57 PM
Rank: Veteran

Joined: 3/25/2011
Posts: 946
Simplified wrote:
KQ: Whats up with this bus...Now at 35.00?? Forecast anyone?


stop being excited about daily price swings. they mean nothing right now.investors are i bear mode and any price jump is what is called a corrective rally.and there will be very very many of them this year.
i have read on wazua that some are seeing KQ at 33.00 being very juicy let me tell you the truth at 24.00 it will be even juicier...
Those who are buying the market right now you better be buying knowing that you'll be buying the same stock at even a lower prices.
Momentum is picking up for a sell-off in the n.s.e . another mention of "Ocampo is coming" will make the index do some nose diving....lol
i am currently in cash and just waiting for more bargain to come up coz we have a whole couple of months before us to chose the bargain we want. this bear is here to stay.
and DONOT even think 1st Quater results will change anything.FULL YEAR RESULTS OF 2010 didnt.
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youcan'tstopusnow
#99 Posted : Saturday, March 26, 2011 12:21:21 AM
Rank: Chief

Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
Why the name change?
GOD BLESS YOUR LIFE
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Aguytrying
#100 Posted : Saturday, March 26, 2011 7:14:33 AM
Rank: Elder

Joined: 7/11/2010
Posts: 5,040
@qw. How do you know how long or how low the bear will stay. Truth is no-one really knows, even u. Kq may never get to 24, or it may. If u were abit more flexible in your predictions, it would be better. The market is unpredictable but your stances are so solid. Remember how you and everyone thought this was the year of the bull? No one saw the decline coming. In the same way, expect more surprises. And be flexible to take advantage of them.
The investor's chief problem - and even his worst enemy - is likely to be himself
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Aguytrying
#101 Posted : Saturday, March 26, 2011 7:18:41 AM
Rank: Elder

Joined: 7/11/2010
Posts: 5,040
And on that note, at 32.00 kq is just too attractive. No one knows the future, whether it will go to 24,00. But the fact is its at 32.00. I was not very moved at 35.00, but this is just too juicy
The investor's chief problem - and even his worst enemy - is likely to be himself
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QW25071985
#102 Posted : Saturday, March 26, 2011 10:39:27 AM
Rank: Veteran

Joined: 3/25/2011
Posts: 946
i am waitin for it at 24.00 .
@ a guy tryin . let me tell you a secret. i bear market people buy DEFENSIVE stocks.as you wait the bear out.and if you are waitin for the rally back to 40.00 for kq . i'll wait for a very long time..
you put your money in the likes of KQ and i tell you you'll cry for the rest of the year !!!!!!!!!!!!!!!!!!!!!!!!!!
ever wondered why WTK ( williamson tea) and the like do very well in bear markets. do you research and save yourself some agony....

THE BEAR IS HERE TO STAY.SO ACCEPT IT .
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jerry
#103 Posted : Saturday, March 26, 2011 11:24:06 AM
Rank: Elder

Joined: 9/29/2006
Posts: 2,570
Aguytrying wrote:
And on that note, at 32.00 kq is just too attractive. No one knows the future, whether it will go to 24,00. But the fact is its at 32.00. I was not very moved at 35.00, but this is just too juicy

@Aguytrying. It was once at half that price. What will make it not go to 25/=?
The opposite of courage is not cowardice, it's conformity.
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Pierce
#104 Posted : Monday, April 11, 2011 7:14:57 AM
Rank: Veteran

Joined: 3/16/2009
Posts: 1,464
Any info on the date of this rights thing?? Still clutching at straws.
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the deal
#105 Posted : Monday, April 11, 2011 8:52:11 AM
Rank: Elder

Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
TN promised more info in April...with oil on the rampage i think the best investment decision i have made this year was to dump KQ at 42 bob..locking in my 10% loss.
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