sparkly wrote:obiero wrote:Two things to note on KQ
1. KQLC, KLM, KQ ESOP and GoK shall be unwilling to sell below KES 12
2. Minority shareholders will continue to be unwilling to sell below KES 21
Effectively we have a hung share with little use of remaining listed as it has not been tradable since the restructuring. The volume action speaks volumes
Nobody wants to buy
Meanwhile, there are those who used to make fun of my support for KK
Ohana said during the AGM he expects a record year (PAT) in 2019.
Of course, there is a catch i.e. there may be no more write-offs!
An apples to apples comparison should be made on his claims.
I think KQ will survive under Mikosz and Joseph but there's a cost to the Kenyan Taxpayer.
JKIA is being given away for free to KQ. I do not mind KQ getting fair rates to use JKIA but giving JKIA to KQ is a subsidy.
A better option would have been to reduce taxes/duties on planes, parts, fuel, etc that would make KQ (& other local airlines) more competitive.
I hope KQ becomes profitable on an apples to apples basis and not just JKIA being given to KQ for free.
All airlines that use Nairobi for maintenance and fueling should benefit from lower taxes. The more passengers we can fly in, out and through Nairobi is better for our economy.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett