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KQ is now trading at 13.50 - below rights issue
Rank: Member Joined: 9/9/2010 Posts: 546 Location: Garissa
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What happens now. The offer volume is in the millions. The bid volume is in the ten thousandth. Would any sane person still buy KQ at below the rights price? This is something new. KPLC did not bletch that line. Wisdom to detect when share prices hit rock bottom.
When interest on bonds keep going up, you know the bear run is on high street. When interest on bonds start leveling, the bear has met the bull and they have hit rock bottom. When the interest rates on bonds start coming down, the bull has overpowered the bear and you better be riding the bull.
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Rank: Elder Joined: 7/21/2010 Posts: 6,184 Location: nairobi
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It grabs the honourable title "the worst performing stock in the world"and the 8th wonder in the world and the ceo is quiet as if no genocide is going on. "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Elder Joined: 6/23/2009 Posts: 13,556 Location: nairobi
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the ONLY thing the ceo can do now is to call off the cursed thing.. it cant work, wont work
COOP 70,000 ABP 15.20; HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Elder Joined: 9/29/2006 Posts: 2,570
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obiero wrote:the ONLY thing the ceo can do now is to call off the cursed thing.. it cant work, wont work Call it off then we move in! ati wud any sane person BUY at below rts price??? The opposite of courage is not cowardice, it's conformity.
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Rank: Elder Joined: 12/9/2009 Posts: 6,592 Location: Nairobi
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obiero wrote:the ONLY thing the ceo can do now is to call off the cursed thing.. it cant work, wont work You forget that Govt. and KLM are taking up their rights and that's 49% guaranteed so I can't see them calling it off and I don't think they'd get better uptake if they did it at a later date. That's why I think Govt. is not representing the taxpayers and its people well by taking up these rights at 14/-. It's not right.
BBI will solve it :)
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Rank: Member Joined: 12/11/2006 Posts: 884
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Sure wrote:Would any sane person still buy KQ at below the rights price? would any sane person buy the rights at below the share price “Invest in yourself. Your career is the engine of your wealth.”
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Rank: Elder Joined: 9/29/2006 Posts: 2,570
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2012 wrote:obiero wrote:the ONLY thing the ceo can do now is to call off the cursed thing.. it cant work, wont work You forget that Govt. and KLM are taking up their rights and that's 49% guaranteed so I can't see them calling it off and I don't think they'd get better uptake if they did it at a later date. That's why I think Govt. is not representing the taxpayers and its people well by taking up these rights at 14/-. It's not right. May be it's a bill out by GoK? The opposite of courage is not cowardice, it's conformity.
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Rank: Elder Joined: 11/7/2007 Posts: 2,182
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bail out you meant? interesting hypothesis!! LOVE WHAT YOU DO, DO WHAT YOU LOVE.
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Rank: Member Joined: 8/29/2008 Posts: 571
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I work in the airline industry,and I wouldn't touch a KQ stock or any other airline with a nine-foot pole.
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Rank: Elder Joined: 12/9/2009 Posts: 6,592 Location: Nairobi
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kyt wrote:bail out you meant? interesting hypothesis!! A bail out for expansion? I don't think so.
BBI will solve it :)
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Rank: Elder Joined: 9/29/2006 Posts: 2,570
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2012 wrote:kyt wrote:bail out you meant? interesting hypothesis!! A bail out for expansion? I don't think so. Thanks @kyt. @2012. You can assume without expansion they would go under. So it's a bail out in advance! And what did you have in mind when you chose 2012? The opposite of courage is not cowardice, it's conformity.
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Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery
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Rank: Member Joined: 7/20/2006 Posts: 277
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Ali Baba wrote:I work in the airline industry,and I wouldn't touch a KQ stock or any other airline with a nine-foot pole. Working there and investing there are 2 different things even if you are the finance director which i pray you are not.
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Rank: Elder Joined: 7/22/2009 Posts: 7,460
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Buy when there is blood on the street!!! But this is only for people with balls of steel. I see an opportunity here! If this thing keeps going down, I'll engage the buying gear. The rights issue might not work and I'll be left holding "cheap" undiluted shares [read value!]. Or the rights issue succeeds with almost all the rights are taken up by the government and KLM and there will be no "additional shares" available for sale even after the rights been credited because these two are not [day] traders. Or I buy and burn my fingers terribly. Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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Ali Baba wrote:I work in the airline industry,and I wouldn't touch a KQ stock or any other airline with a nine-foot pole. Interesting, only in Kenya where an employee would not participate in building a company that enables him to put a meal on his table  "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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Rank: Veteran Joined: 11/11/2006 Posts: 972 Location: Home
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MaichBlack wrote:Buy when there is blood on the street!!! But this is only for people with balls of steel.
I see an opportunity here!
If this thing keeps going down, I'll engage the buying gear. The rights issue might not work and I'll be left holding "cheap" undiluted shares [read value!]. Or the rights issue succeeds with almost all the rights are taken up by the government and KLM and there will be no "additional shares" available for sale even after the rights been credited because these two are not [day] traders. Or I buy and burn my fingers terribly.  Hisah recommends balls of diamond for KQ. hisah wrote:the deal wrote:hisah wrote:@deal - feel like taking this plane up to reset the oversell. Taking a small trade here too. Target 22.  These are risky trades i.e. coop, britank and KQ. This will require steel balls and ulcers resistance stomach walls. make it diamond balls for KQ...
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Rank: Member Joined: 3/20/2009 Posts: 348
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the deal wrote:Capitulation capitulate This is no capitulation...64,000 shares shows investors are still holding to their shares hoping that they will go back up.They have not given up yet.
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Rank: Elder Joined: 7/22/2009 Posts: 7,460
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holycow wrote:Hisah recommends balls of diamond for KQ. Mine are made of steel. Sasa naona hapa iko chinda!!! Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
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Rank: Elder Joined: 6/23/2009 Posts: 13,556 Location: nairobi
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pardon my question, but did the govt actually consult wanjiku on this one? may our money be going to waste without our consent? i usually travel alot so I may have been out of the country when the consultation happened..
COOP 70,000 ABP 15.20; HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
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Just one question.. Does anyone in wazua or the world think that 14bob is a fair price in this environment.. Personally, I offer my full support anyone planning to get in @ 7-9bob.. But at these levels you must be smoking the wrong stuff to be buying... Mark 12:29
Deuteronomy 4:16
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KQ is now trading at 13.50 - below rights issue
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