The workers still trying hard to kill KQ.. "Some of our technical staff have downed their tools demanding more pay. None of our flights have so far been affected by this illegal industrial action and they won’t be,” KQ chairman Michael Joseph

Only two trades occurred at sub KES 10.. Or you mean that you have been holding KQ shares

I haven’t been following the happenings in KQ for some time. The proposition, despite all the drama with IFRS9 and interest caps, has me more interested in banks. Plus there’s KK [higher oil prices hurts KK’s financing costs], Unga [higher maize/wheat prices, subsidies, elections, etc], KenRe, etc to keep me busy.

After reading the posts, here’s what I gathered.

4 “old” KQ shares have been “reverse split” into 1 “new” KQ share.
4 old KQ shares were trading at 4/- = 16/-
1 new KQ sure is trading at 12/-

So anyone who held onto their KQ Shares has lost 25% in one week.

The option of the “Open Offer” [which feels like a Rights Issue] was available even before the restructuring. It was a known known. A price of 1.80 (for the open offer) was being bandied around but is this per new or old share?

Why is KQ looking to raise just 1.5bn from the Open Offer? Even after the Debt:Equity conversion, it seems there’s a huge need for cash in light of fleet renewal or acquisitions as well as higher fuel prices and the debt.

There’s a Mandatory Debt Conversion feature for the banks. What are the terms?
Is KQ Lenders Co locked in before they can sell their shares? How long is the lock-in period?

I wish KQ all the best.

What was this that I heard on last nights business news, if you had 1,000 shares,that number is not affected & you would still have 1,000 shares. Ama I was hearing my own things ?

Bob Karina isn't a spokesman for the airline.. He obviously wasn't aware of what he said since we have checked our CDSC accounts and we know that consolidation occurred