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Kenya Airways...why ignore.. end 2025
Rank: Elder Joined: 6/23/2009 Posts: 14,337 Location: nairobi
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Monk wrote:obiero wrote:VituVingiSana wrote:obiero wrote:https://www.youtube.com/watch?v=BlM0fy67TFM&feature=share I support the buyout of shares held by KQLC at the price they were forced to pay + a premium to cover opportunity costs. But very bad faith by GoK to force KQLC into shareholding not even two years ago, then buy them out.. Why wouldn't they have bought out the debts prior to restructuring.. NSE investment is becoming increasingly perilous  @Obiero Not just NSE investing; KE investing in general. The regulatory risk is too high. Woven bags manufacturers were barely in business for 2 years after the plastic bags ban, before NEMA hit them with a ban. How are investors expected to recover their CAPEX in 2 years? Real estate is also under attack.. Some clowns are laughing at others here in wazua but in reality, few people are obtaining returns https://www.businessdail...020694-5makev/index.html COOP, IMH, KEGN, KQ, MTNU
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Rank: Chief Joined: 1/3/2007 Posts: 18,385 Location: Nairobi
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obiero wrote:VituVingiSana wrote:obiero wrote:https://www.youtube.com/watch?v=BlM0fy67TFM&feature=share I support the buyout of shares held by KQLC at the price they were forced to pay + a premium to cover opportunity costs. But very bad faith by GoK to force KQLC into shareholding not even two years ago, then buy them out.. Why wouldn't they have bought out the debts prior to restructuring.. NSE investment is becoming increasingly perilous Given that GoK forced them to "invest" in KQ (compared to those who did so willingly) it is only fair that GoK buys them out at the conversion price + interest at T-Bill rates for the intervening period. 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: 10,823 Location: NAIROBI
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VituVingiSana wrote:Tuesday, August 01, 2017 VituVingiSana wrote:obiero wrote:VituVingiSana wrote:[quote=obiero] Look at the kind of business I&M was doing with the Pride of Africa http://www.businessdaily...39986-ibk77b/index.html[/quote] Very disappointing move by I&M. Why lend to a useless firm run by incompetent crooks, charlatans and incompetents in the first place? And then charge below-market rates? [I hope they fired the idiots who made this loan] The only saving grace is the amount lent i.e. 824mn is small change for I&M i.e. they can NPL/provide the entire amount in one quarter. Not with the recent purchase of Giro.. Hawa watu hawana pesa na pia akili ni nadra I&M will be fine coz 824mn is small change. The loan to KQ ($ loan?) is already a dud and if not taken as a NPL, has to be taken by 4Q 2017 whether it is converted into shares or not. I&M did overpay for Giro considering the diminution in value (of banks) after the interest capping but the deal was signed 2 years ago. As for KQ, the banks may be forced, by GoK, to convert the loans into shares. I wonder what CBK will do as far as the NPLs are concerned. Anyway, if I had to choose between I&M and KQ at today's prices and knowing what we do... I will pick I&M coz there's more certainty about profitability and value. The smartest guys in the room were Jamii Bora who sold their non-performing KQ loan to NIC https://www.businessdail...1838-k5ufoaz/index.html
Also interesting that after all the ups and downs, I&M has returned a net return (based on market value and dividends) of slightly above 0% in 22 months since 1st Aug 2017! The bear market has been brutal. Jamii bora is being acquired by CBA Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 6/23/2009 Posts: 14,337 Location: nairobi
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VituVingiSana wrote:obiero wrote:VituVingiSana wrote:obiero wrote:https://www.youtube.com/watch?v=BlM0fy67TFM&feature=share I support the buyout of shares held by KQLC at the price they were forced to pay + a premium to cover opportunity costs. But very bad faith by GoK to force KQLC into shareholding not even two years ago, then buy them out.. Why wouldn't they have bought out the debts prior to restructuring.. NSE investment is becoming increasingly perilous Given that GoK forced them to "invest" in KQ (compared to those who did so willingly) it is only fair that GoK buys them out at the conversion price + interest at T-Bill rates for the intervening period. Real estate also under attack.. Some clowns are laughing at others here in wazua but in reality, few people are obtaining returns https://www.businessdail...20694-5makev/index.html
I pray that you don't land into a sinkhole, no one is immune https://www.standardmedi...s-over-heads-of-the-rich COOP, IMH, KEGN, KQ, MTNU
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Rank: Chief Joined: 1/3/2007 Posts: 18,385 Location: Nairobi
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27. BORROWINGS – GROUP AND COMPANY (Continued) (b) Analysis of interest bearing loans and borrowings: (Continued) The local bank facilities, amounting to USD 100 million were obtained from the consortium of Kenyan banks after the restructuring in November 2017. They were drawn from Equity Bank Limited, KCB Bank Kenya Limited, Commercial Bank of Africa Limited, I&M Bank Limited, National Bank of Kenya Limited, Cooperative Bank of Kenya, Diamond Trust Bank (Kenya) Limited, NIC Bank Limited and Ecobank Limited for financing of working capital requirements. As at 31 December 2018, the Group and Company had only utilized facilities amounting to USD 42 million (2017: USD 42 million). Jamii Bora Bank Limited opted to retain their outstanding loan to Kenya Airways Plc after the restructuring in 2017. This loan was acquired by NIC Bank Limited in January 2018. The loan repayment term is a tenure of five years. 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: 10,823 Location: NAIROBI
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Kq wins Africa's leading airline - Economy class at World Travel awards held in Mauritius Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 6/23/2009 Posts: 14,337 Location: nairobi
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Ericsson wrote:Kq wins Africa's leading airline - Economy class at World Travel awards held in Mauritius This is a constant award for The Pride of Africa. What shocked me was that KQ is most admired airline in Africa, ahead of ET et al  COOP, IMH, KEGN, KQ, MTNU
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Rank: Elder Joined: 6/23/2009 Posts: 14,337 Location: nairobi
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Ericsson wrote:Kq wins Africa's leading airline - Economy class at World Travel awards held in Mauritius This is a constant award for The Pride of Africa. What shocked me was that KQ is most admired airline in Africa, ahead of ET et al COOP, IMH, KEGN, KQ, MTNU
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Rank: Elder Joined: 12/4/2009 Posts: 10,823 Location: NAIROBI
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obiero wrote:Ericsson wrote:Kq wins Africa's leading airline - Economy class at World Travel awards held in Mauritius This is a constant award for The Pride of Africa. What shocked me was that KQ is most admired airline in Africa, ahead of ET et al Dedication of employees Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 6/23/2009 Posts: 14,337 Location: nairobi
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Ericsson wrote:obiero wrote:Ericsson wrote:Kq wins Africa's leading airline - Economy class at World Travel awards held in Mauritius This is a constant award for The Pride of Africa. What shocked me was that KQ is most admired airline in Africa, ahead of ET et al Dedication of employees Management inclusive COOP, IMH, KEGN, KQ, MTNU
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