As we have long suspected... There's more to this relationship than as an "investor" when freebies worth more than the investment is involved.

We wait patiently.. The AGM in a few days time shall be a must attend for any serious KQ investor

It's soo perplexing that people don't see the long term viability of KQ

KQ's Auditor: "Without qualifying our opinion, we draw attention to Note 2(e) in the consolidated financial statements which indicate that the Group incurred a net loss of KShs 26,225 million during the year ended 31 March 2016 (2015 – Net loss of KShs 25,743 million) and, as of that date, the Group’s current liabilities exceeded its current assets by KShs 43,766 million (2015 – KShs 39,588 million) and the Group’s total liabilities exceed its total assets by KShs 35,667 million (2015 - KShs 5,963 million). These conditions along with other matters as set forth in Note 2(e), indicate the existence of a material uncertainty that may cast doubt about the Group’s ability to continue as a going concern."

I wouldn't read too much into that sentence. Without getting into too much detail for this forum, that is a boilerplate Emphasis of Matter paragraph as required by IAS 570 for the auditor to use a Going Concern assumption without giving a qualified or adverse opinion. It means the auditor is satisfied with the note disclosure. It does not imply a conclusion as to the future of the company. It's just an auditing rule.

That said, I personally have no shares in KQ nor do I plan to acquire any. Speculators may or may not do well with KQ, but as a long-term investor, I don't want to go anywhere near it!