and this explains why am increasing my investment in kq.

The difference between KQ & SpiceJet is that the airline is now owned by a co-founder who is an owner-manager intimately involved in the business not just a 'manager' earning a salary. SKIN IN THE GAME.

"Struggling airline SpiceJet has been sold to its co-founder, Ajay Singh, who helped set up the low-cost carrier in 2005. Mr Maran's Sun Group, had said in December that it could not afford a bail out after sinking $400 million or nearly Rs 2500 crore into the airline since buying it in 2010."

"Under (current owner) Mr Maran, SpiceJet aggressively expanded its fleet of Boeing planes and started flying more routes, using heavy discounts to win passengers." Does this sound familiar without the discounts?

No government bailout [soft landing] for Mr. Singh but a focus on making the airline profitable. SKIN IN THE GAME.

http://profit.ndtv.com/n...under-ajay-singh-727639

KQ should be put into bankruptcy and a new smaller KQ can emerge that can be profitable.

"Since March 2015, the airline has posted three consecutive quarters of profits, helped mainly by a restructuring of its operations—including cutting down operations on non-profitable flying routes—and lower crude oil prices. The airline also managed to renegotiate some of its engineering and maintenance contracts.
“We stuck to the very basics of operating a low-cost carrier—a two-pronged strategy of reducing cost and maximising revenues,” a SpiceJet spokesperson had told Quartz in July this year."
http://qz.com/559188/the...-to-shutdown-a-year-ago/

Mr/Mrs Wambeu. What is happening to KQ is not new. A number of NSE listed firms have been at this low point, most notably KCB, which in 2002 was in losses and people had ordered for its coffin, awaiting a burial date which never came. That was a misdiagnosis since the share surged to over KES 615 and needed several splits thereafter to tame its rise from lows of KES 11.. Its clear KQ is in bad territory now, but in future..

I need someone to fact check me. It may have actually been higher than that. Barclays, Centum & City Trust have also crossed the KES 600 mark at some point in the past

I can now see the stock market can turn somebody to a dollar millionaire or a pauper . But if you invest when the company is floundering with lowest share price you can make it.