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I&M Holdings FY17
Rank: Elder Joined: 6/23/2009 Posts: 13,520 Location: nairobi
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@vvs if you look at the rate of reduction in losses by KQ, you will agree that it is the best listed firm.. Cutting off KES 20,130,567,000 in losses over the last two years is no mean achievement
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: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery
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obiero wrote:@vvs if you look at the rate of reduction in losses by KQ, you will agree that it is the best listed firm.. Cutting off KES 20,130,567,000 in losses over the last two years is no mean achievement This rate of reduction in losses? 1. Is it through market share gains, revenue growth or increase in operational efficiency? 2. Or is it through a massive bailout via debt conversion and capital injections by shareholders? To me KQ is the most expensive and worst bail out in Kenyan history...applauding such failure is the reason why Africa will never go forward!
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Rank: Elder Joined: 6/23/2009 Posts: 13,520 Location: nairobi
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the deal wrote:obiero wrote:@vvs if you look at the rate of reduction in losses by KQ, you will agree that it is the best listed firm.. Cutting off KES 20,130,567,000 in losses over the last two years is no mean achievement This rate of reduction in losses? 1. Is it through market share gains, revenue growth or increase in operational efficiency? 2. Or is it through a massive bailout via debt conversion and capital injections by shareholders? To me KQ is the most expensive and worst bail out in Kenyan history...applauding such failure is the reason why Africa will never go forward! @thedeal it's commendable what is happening at KQ.. The turnaround has been fuelled by a number of deliberate actions under Operation Pride. I wouldn't want to celebrate its downfall and I am glad of the firm's achievements, in particular the masterpiece restructuring
HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Chief Joined: 1/3/2007 Posts: 18,107 Location: Nairobi
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obiero wrote:@vvs if you look at the rate of reduction in losses by KQ, you will agree that it is the best listed firm.. Cutting off KES 20,130,567,000 in losses over the last two years is no mean achievement Dear @Obiero, until KQ makes a profit there's little to laud about it. Furthermore, on a PER basis, it is very pricey. Same on a P/B basis. I do wish KQ the best so it can repay its loans to Equity, NIC and I&M. Plus KQLC can sell the shares in KQ and send the cash to my investees! Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 6/23/2009 Posts: 13,520 Location: nairobi
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VituVingiSana wrote:obiero wrote:@vvs if you look at the rate of reduction in losses by KQ, you will agree that it is the best listed firm.. Cutting off KES 20,130,567,000 in losses over the last two years is no mean achievement Dear @Obiero, until KQ makes a profit there's little to laud about it. Furthermore, on a PER basis, it is very pricey. Same on a P/B basis. I do wish KQ the best so it can repay its loans to Equity, NIC and I&M. Plus KQLC can sell the shares in KQ and send the cash to my investees! KQ will make a profit and by that time it's price would be out of reach
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: 12/4/2009 Posts: 10,699 Location: NAIROBI
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I am now lost,are we discussing about I&M or is it KQ? The wazuan spirit is being lost here Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Veteran Joined: 2/2/2012 Posts: 1,134 Location: Nairobi
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Ericsson wrote:I am now lost,are we discussing about I&M or is it KQ?
The wazuan spirit is being lost here  I thought I was alone!
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Rank: Veteran Joined: 2/2/2012 Posts: 1,134 Location: Nairobi
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I have some sh50k invested in I&M
Was thinking of upping that to Sh100k
Long-term .... >10years
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Rank: Chief Joined: 1/3/2007 Posts: 18,107 Location: Nairobi
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chiaroscuro wrote:I have some sh50k invested in I&M
Was thinking of upping that to Sh100k
Long-term .... >10years I am confused [& thus question] by I&M's acquisitions. It does remain a core investment for me for now. I also have NIC. I remain a fan of Equity though I did sell most of my shares for a private/unlisted investment. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 12/4/2009 Posts: 10,699 Location: NAIROBI
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VituVingiSana wrote:chiaroscuro wrote:I have some sh50k invested in I&M
Was thinking of upping that to Sh100k
Long-term .... >10years I am confused [& thus question] by I&M's acquisitions. It does remain a core investment for me for now. I also have NIC. I remain a fan of Equity though I did sell most of my shares for a private/unlisted investment. You need to question them otherwise you will get a proper shafting Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Chief Joined: 1/3/2007 Posts: 18,107 Location: Nairobi
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Ericsson wrote:VituVingiSana wrote:chiaroscuro wrote:I have some sh50k invested in I&M
Was thinking of upping that to Sh100k
Long-term .... >10years I am confused [& thus question] by I&M's acquisitions. It does remain a core investment for me for now. I also have NIC. I remain a fan of Equity though I did sell most of my shares for a private/unlisted investment. You need to question them otherwise you will get a proper shafting Except Giro, the rest have been insignificant (cost-wise) but I plan to ask about these at the AGM. I am glad I&M isn’t in SS or Burundi for now though both markets are important for complete footprint in EAC. Not for vanity but supporting Kenyan customers/exporters/suppliers. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 12/4/2009 Posts: 10,699 Location: NAIROBI
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I&M Bank was surprised to hear that @Nakumatt filed for insolvency, only four days after signing a loan agreement of more than a billion,” Rubasha Herbert, I&M Bank’s lawyer http://www.theeastafrica...492692-2x7cf0/index.htmlWealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 6/23/2009 Posts: 13,520 Location: nairobi
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VituVingiSana wrote:Ericsson wrote:VituVingiSana wrote:chiaroscuro wrote:I have some sh50k invested in I&M
Was thinking of upping that to Sh100k
Long-term .... >10years I am confused [& thus question] by I&M's acquisitions. It does remain a core investment for me for now. I also have NIC. I remain a fan of Equity though I did sell most of my shares for a private/unlisted investment. You need to question them otherwise you will get a proper shafting Except Giro, the rest have been insignificant (cost-wise) but I plan to ask about these at the AGM. I am glad I&M isn’t in SS or Burundi for now though both markets are important for complete footprint in EAC. Not for vanity but supporting Kenyan customers/exporters/suppliers. All the best @vvs. You are in my prayers
HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Chief Joined: 1/3/2007 Posts: 18,107 Location: Nairobi
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obiero wrote:VituVingiSana wrote:Ericsson wrote:VituVingiSana wrote:chiaroscuro wrote:I have some sh50k invested in I&M
Was thinking of upping that to Sh100k
Long-term .... >10years I am confused [& thus question] by I&M's acquisitions. It does remain a core investment for me for now. I also have NIC. I remain a fan of Equity though I did sell most of my shares for a private/unlisted investment. You need to question them otherwise you will get a proper shafting Except Giro, the rest have been insignificant (cost-wise) but I plan to ask about these at the AGM. I am glad I&M isn’t in SS or Burundi for now though both markets are important for complete footprint in EAC. Not for vanity but supporting Kenyan customers/exporters/suppliers. All the best @vvs. You are in my prayers Please convince the minority shareholders to pump money into KQ so it can repay KQLC shareholders the outstanding loans.  Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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