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Kenya Airways...why ignore..
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obiero
#7641 Posted : Monday, June 05, 2017 7:33:06 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,296
Location: nairobi
Impunity wrote:
What?
I wish I exited last week.

LOL.. Do not panic
COOP, IMH, KEGN, KQ, MTNU
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maka
#7642 Posted : Monday, June 05, 2017 10:10:41 PM
Rank: Elder

Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
obiero wrote:
Impunity wrote:
What?
I wish I exited last week.

LOL.. Do not panic




possunt quia posse videntur
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omega
#7643 Posted : Monday, June 05, 2017 10:59:03 PM
Rank: Member

Joined: 6/9/2009
Posts: 85
littledove wrote:
https://ir.citi.com/K48NmnoXhQiTE4FHzCmUD9%2F8fcRugHm76eyZA4lXT9lx5Hml4Yil9g%3D%3D
Equity increase details to be released by July
—
We continue to model a US$400m (KSh 41.4bn) equity rights issue, which would increase share count 5
-fold at the current share price,more if discounted, heavily diluting existing
shareholders.This would enable Kenya Airways
to repay KSh25bn bridging loan
from the Government and Afreximbank and maintain cash at c.30% of revenue. Our EPS estimates will depend critically
on the terms of the rights issue. We expect the Government
(29.8%holder) and KLM (26.7%) to take up their rights.


2011 Deja vu. I ignored the warning then and had to bail out @13 in mid 2012 after the rights issue.
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ArrestedDev
#7644 Posted : Tuesday, June 06, 2017 1:38:50 AM
Rank: Member

Joined: 5/29/2016
Posts: 898
Location: Nairobi
maka wrote:
maka wrote:
Jibabe wrote:
Who's Geoffrey Mugendo hear a parking spot at KQ labeld as such


Really by name?He is in supply chain...



His initiatives saved KQ the most money last year...Sadly today is his last day at the company. Onward to greener pastures...


I am very sure the new CEO will streamline anything related to procurement given that the forensic audit findings were predominantly on this area.

He knows what it takes to reduce the cost base of an Airline. Very confident indeed that he will take action.
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obiero
#7645 Posted : Tuesday, June 06, 2017 7:25:18 AM
Rank: Elder

Joined: 6/23/2009
Posts: 14,296
Location: nairobi
omega wrote:
littledove wrote:
https://ir.citi.com/K48NmnoXhQiTE4FHzCmUD9%2F8fcRugHm76eyZA4lXT9lx5Hml4Yil9g%3D%3D
Equity increase details to be released by July
—
We continue to model a US$400m (KSh 41.4bn) equity rights issue, which would increase share count 5
-fold at the current share price,more if discounted, heavily diluting existing
shareholders.This would enable Kenya Airways
to repay KSh25bn bridging loan
from the Government and Afreximbank and maintain cash at c.30% of revenue. Our EPS estimates will depend critically
on the terms of the rights issue. We expect the Government
(29.8%holder) and KLM (26.7%) to take up their rights.


2011 Deja vu. I ignored the warning then and had to bail out @13 in mid 2012 after the rights issue.

@omega lightning never strikes twice at the exact spot.. kaza roho.. upon announcement the share will take a shallow dip followed by a massive rally.. Thank me later
COOP, IMH, KEGN, KQ, MTNU
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maka
#7646 Posted : Tuesday, June 06, 2017 7:40:51 AM
Rank: Elder

Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
obiero wrote:
omega wrote:
littledove wrote:
https://ir.citi.com/K48NmnoXhQiTE4FHzCmUD9%2F8fcRugHm76eyZA4lXT9lx5Hml4Yil9g%3D%3D
Equity increase details to be released by July
—
We continue to model a US$400m (KSh 41.4bn) equity rights issue, which would increase share count 5
-fold at the current share price,more if discounted, heavily diluting existing
shareholders.This would enable Kenya Airways
to repay KSh25bn bridging loan
from the Government and Afreximbank and maintain cash at c.30% of revenue. Our EPS estimates will depend critically
on the terms of the rights issue. We expect the Government
(29.8%holder) and KLM (26.7%) to take up their rights.


2011 Deja vu. I ignored the warning then and had to bail out @13 in mid 2012 after the rights issue.

@omega lightning never strikes twice at the exact spot.. kaza roho.. upon announcement the share will take a shallow dip followed by a massive rally.. Thank me later


😊
possunt quia posse videntur
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Spikes
#7647 Posted : Tuesday, June 06, 2017 7:56:30 AM
Rank: Elder

Joined: 9/20/2015
Posts: 2,811
Location: Mombasa
obiero wrote:
omega wrote:
littledove wrote:
https://ir.citi.com/K48NmnoXhQiTE4FHzCmUD9%2F8fcRugHm76eyZA4lXT9lx5Hml4Yil9g%3D%3D
Equity increase details to be released by July
—
We continue to model a US$400m (KSh 41.4bn) equity rights issue, which would increase share count 5
-fold at the current share price,more if discounted, heavily diluting existing
shareholders.This would enable Kenya Airways
to repay KSh25bn bridging loan
from the Government and Afreximbank and maintain cash at c.30% of revenue. Our EPS estimates will depend critically
on the terms of the rights issue. We expect the Government
(29.8%holder) and KLM (26.7%) to take up their rights.


2011 Deja vu. I ignored the warning then and had to bail out @13 in mid 2012 after the rights issue.

@omega lightning never strikes twice at the exact spot.. kaza roho.. upon announcement the share will take a shallow dip followed by a massive rally.. Thank me later

Yes! But accumulation after a dip will take like a year or so.Here now patience pays brother @Obiero.
John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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Pesa Nane
#7648 Posted : Tuesday, June 06, 2017 9:49:06 AM
Rank: Elder

Joined: 5/25/2012
Posts: 4,105
Location: 08c
Pesa Nane plans to be shilingi when he grows up.
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Ericsson
#7649 Posted : Tuesday, June 06, 2017 9:50:20 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,816
Location: NAIROBI
http://kenyanwallstreet....billion-syndicated-loan

According to Citizen TV, Kenya’s cabinet has approved a proposal by Kenya Airways (KQ) to seek a syndicated loan of Sh77 billion from US Based Export-Import Bank and a group of local banks.

Citizen TV reports that the cabinet met last week and gave the go ahead with assurance that it would act as the airline’s guarantor. In the proposal, KQ will seek Sh54 billion from the export-import bank of the United States while the balance of Sh 23 Billion will be given by a few local banks.

The media house further reported that the Cabinet had also “approved the conversion of its Sh4.2 billion current loan to KQ to be converted into equity, a move that would likely see an increase in its shareholding going forward.”

The loan request by the airline is however expected to go through a final approval by the national assembly in the interest of tax-payers whereby the Government owns 29.8 percent.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Shak
#7650 Posted : Tuesday, June 06, 2017 10:01:53 AM
Rank: Elder

Joined: 2/22/2009
Posts: 2,449
Location: Africa
Ericsson wrote:
http://kenyanwallstreet.com/kenya-airways-gets-govt-approval-seek-sh-77-billion-syndicated-loan

According to Citizen TV, Kenya’s cabinet has approved a proposal by Kenya Airways (KQ) to seek a syndicated loan of Sh77 billion from US Based Export-Import Bank and a group of local banks.

Citizen TV reports that the cabinet met last week and gave the go ahead with assurance that it would act as the airline’s guarantor. In the proposal, KQ will seek Sh54 billion from the export-import bank of the United States while the balance of Sh 23 Billion will be given by a few local banks.

The media house further reported that the Cabinet had also “approved the conversion of its Sh4.2 billion current loan to KQ to be converted into equity, a move that would likely see an increase in its shareholding going forward.”

The loan request by the airline is however expected to go through a final approval by the national assembly in the interest of tax-payers whereby the Government owns 29.8 percent.

So is the Rights issue on course or is this a case of fake news?
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