1.94 billion shares outstanding after this rights issue...
The P/E ratio will only be 7.5 after the rights issue.. Thats below the market P/E of 8.75..
It will still be trading way below NAV..
My worry is whether KQ will grow or even manage to maintain a PAT of 4billion with oil prices and the increasing low cost competition on its back...
You have to REALLY get it right to grow and maintain profits and NAV in the airline business.. Its just like insurance business (ask Jubilee & CIC)

then in the same breath look at (Britank and Pan Africa

) ..
You either get BURNED really badly or filfthy RICH...
Mark 12:29
Deuteronomy 4:16