All plans have assumptions.

KK 'projects' sales volumes yet if oil jumps to $200 then the sales (volume) will drop as people drive less, fly less, etc.

Insurance firms 'project' premiums received & payments made. Multiple car accidents, a new disease, etc can increase payments beyond income.

Likewise, KQ 'projects' but who knows what will happen? If KES had jumped to 150/- as many predicted then KQ would make much more in KES but now KES is back to 83/-

Is there any fool willing to buy rights at 14 when the market offers the same cheaper??is there any careless underwriter who is still willing to burn fingers here?

This kq's plan should see the ceo kicked out,its the beginning of bankrupsy

I predict that there will be massive under subscription by the shareholders save only for the gorvenment and KLM.
The rights are too many,maiking it too expensive for such an uncertain venture.

I don't envy citibank as the underwriter with the share price currently on a nosedive ready to dip below 14. If the rights are under-subscribed heavily (most likely esp wanjikus) it won't be funny. At this point PPT should be stick saving the price plunge. This is quite an interesting scenario for the KQ rights. I can't recall a share that dipped below the rights price before on NSE - @vvs, @mukiha, @njunge - anyone recall this...