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Kenya Airways...why ignore..
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obiero
#12961 Posted : Thursday, June 20, 2019 1:15:03 PM
Rank: Elder


Joined: 6/23/2009
Posts: 13,903
Location: nairobi
Ericsson wrote:
obiero wrote:
VituVingiSana wrote:
cyruskulei wrote:
https://www.businessdailyafrica.com/news/KQ-owners-face-Treasury-buyout/539546-5163030-i8y6n7z/index.html

Hii story will be closed very soon. The financiers will get their money na KQ will continue kwa stlye yake
At least KQLC owners like Equity, NIC and I&M will be paid.

What will be the buyout price? What happens to the KES 1.5B rights issue? A court case is inevitable, if the two questions are not handled well


Is the right issue a must?

Its not a must but when as a company you call an EGM in August 2017 and pass a resolution to restructure loans to equity and conduct a rights issue.. The most honorable thing to do is to implement the approval in full

COOP ABP 15.85; IMH ABP 35.55; KQ ABP 5.75; MTN ABP 5.20
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obiero
#12962 Posted : Thursday, June 20, 2019 1:31:25 PM
Rank: Elder


Joined: 6/23/2009
Posts: 13,903
Location: nairobi
iris wrote:
sparkly wrote:
obiero wrote:
sparkly wrote:
Ericsson wrote:
https://kenyanwallstreet.com/kenya-airways-mulls-over-its-future-on-the-nse-listing/

Delisting on the cards


This man has dangerous thinking where all wealth should be held by the government and oligarchs. He doesn't think peasants like @Obiero should be in KQ.

Is your mother a peasant like myself?


She is. You can now ask a KQ related question.


smile


COOP ABP 15.85; IMH ABP 35.55; KQ ABP 5.75; MTN ABP 5.20
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nairobby
#12963 Posted : Thursday, June 20, 2019 2:36:44 PM
Rank: Member


Joined: 1/18/2019
Posts: 185
Location: kenya
I can't believe @obiero averaged down on this stock.
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obiero
#12964 Posted : Thursday, June 20, 2019 4:11:23 PM
Rank: Elder


Joined: 6/23/2009
Posts: 13,903
Location: nairobi
nairobby wrote:
I can't believe @obiero averaged down on this stock.

You better believe it boss.. Now we await the buy out but only after the rights issue AKA Open Offer.. I will personally take GoK to court if they attempt a squeeze out

COOP ABP 15.85; IMH ABP 35.55; KQ ABP 5.75; MTN ABP 5.20
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VituVingiSana
#12965 Posted : Thursday, June 20, 2019 7:09:18 PM
Rank: Chief


Joined: 1/3/2007
Posts: 18,259
Location: Nairobi
obiero wrote:
nairobby wrote:
I can't believe @obiero averaged down on this stock.

You better believe it boss.. Now we await the buy out but only after the rights issue AKA Open Offer.. I will personally take GoK to court if they attempt a squeeze out
Applause Applause Applause Please do. We are behind you with our moral support.
Let me mark this post. Applause Applause Applause
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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obiero
#12966 Posted : Thursday, June 20, 2019 7:18:16 PM
Rank: Elder


Joined: 6/23/2009
Posts: 13,903
Location: nairobi
VituVingiSana wrote:
obiero wrote:
nairobby wrote:
I can't believe @obiero averaged down on this stock.

You better believe it boss.. Now we await the buy out but only after the rights issue AKA Open Offer.. I will personally take GoK to court if they attempt a squeeze out
Applause Applause Applause Please do. We are behind you with our moral support.
Let me mark this post. Applause Applause Applause

Here is your interview @vvs AKA Aly Khan Satchu

COOP ABP 15.85; IMH ABP 35.55; KQ ABP 5.75; MTN ABP 5.20
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the deal
#12967 Posted : Thursday, June 20, 2019 7:24:26 PM
Rank: Elder


Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
Buy me out at KES8.52 and I will forever be grateful Laughing out loudly Laughing out loudly Laughing out loudly
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obiero
#12968 Posted : Thursday, June 20, 2019 7:25:26 PM
Rank: Elder


Joined: 6/23/2009
Posts: 13,903
Location: nairobi
the deal wrote:
Buy me out at KES8.52 and I will forever be grateful Laughing out loudly Laughing out loudly Laughing out loudly

KES 12 is the operative figure.. All trades thus far since 2017 restructuring have been by disillusioned elderly traders who don’t have a clue about what’s happening to their holding

COOP ABP 15.85; IMH ABP 35.55; KQ ABP 5.75; MTN ABP 5.20
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Ericsson
#12969 Posted : Thursday, June 20, 2019 7:40:50 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,790
Location: NAIROBI
obiero wrote:
the deal wrote:
Buy me out at KES8.52 and I will forever be grateful Laughing out loudly Laughing out loudly Laughing out loudly

KES 12 is the operative figure.. All trades thus far since 2017 restructuring have been by disillusioned elderly traders who don’t have a clue about what’s happening to their holding


The wise ones sold when the counter was trading between 10 and 18.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Ericsson
#12970 Posted : Thursday, June 20, 2019 7:42:21 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,790
Location: NAIROBI
obiero wrote:
nairobby wrote:
I can't believe @obiero averaged down on this stock.

You better believe it boss.. Now we await the buy out but only after the rights issue AKA Open Offer.. I will personally take GoK to court if they attempt a squeeze out


Kelele za chura haziwezi kumzuia ng'ombe kunywa maji
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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obiero
#12971 Posted : Thursday, June 20, 2019 7:42:37 PM
Rank: Elder


Joined: 6/23/2009
Posts: 13,903
Location: nairobi
Ericsson wrote:
obiero wrote:
the deal wrote:
Buy me out at KES8.52 and I will forever be grateful Laughing out loudly Laughing out loudly Laughing out loudly

KES 12 is the operative figure.. All trades thus far since 2017 restructuring have been by disillusioned elderly traders who don’t have a clue about what’s happening to their holding


The wise ones sold when the counter was trading between 10 and 18.

Nothing wise there.. The ABP for none was lower than KES 21. KQ is a gamblers dream stock.. Lets see whether KQLC, KLM, KQ ESOP will take a bow at less than KES 8.52. Meanwhile MJ says that the Open Offer will proceed

COOP ABP 15.85; IMH ABP 35.55; KQ ABP 5.75; MTN ABP 5.20
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Ericsson
#12972 Posted : Thursday, June 20, 2019 8:27:51 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,790
Location: NAIROBI
obiero wrote:
Ericsson wrote:
obiero wrote:
the deal wrote:
Buy me out at KES8.52 and I will forever be grateful Laughing out loudly Laughing out loudly Laughing out loudly

KES 12 is the operative figure.. All trades thus far since 2017 restructuring have been by disillusioned elderly traders who don’t have a clue about what’s happening to their holding


The wise ones sold when the counter was trading between 10 and 18.

Nothing wise there.. The ABP for none was lower than KES 21. KQ is a gamblers dream stock.. Lets see whether KQLC, KLM, KQ ESOP will take a bow at less than KES 8.52. Meanwhile MJ says that the Open Offer will proceed

They narrowed their losses at zero cost.
The best GOK can offer KQLC, KLM, KQ ESOP is ksh.10 per share
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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obiero
#12973 Posted : Thursday, June 20, 2019 8:55:24 PM
Rank: Elder


Joined: 6/23/2009
Posts: 13,903
Location: nairobi
Ericsson wrote:
obiero wrote:
Ericsson wrote:
obiero wrote:
the deal wrote:
Buy me out at KES8.52 and I will forever be grateful Laughing out loudly Laughing out loudly Laughing out loudly

KES 12 is the operative figure.. All trades thus far since 2017 restructuring have been by disillusioned elderly traders who don’t have a clue about what’s happening to their holding


The wise ones sold when the counter was trading between 10 and 18.

Nothing wise there.. The ABP for none was lower than KES 21. KQ is a gamblers dream stock.. Lets see whether KQLC, KLM, KQ ESOP will take a bow at less than KES 8.52. Meanwhile MJ says that the Open Offer will proceed

They narrowed their losses at zero cost.
The best GOK can offer KQLC, KLM, KQ ESOP is ksh.10 per share

KES 10 is acceptable if accompanied by the Open Offer for the minority shareholders

COOP ABP 15.85; IMH ABP 35.55; KQ ABP 5.75; MTN ABP 5.20
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maka
#12974 Posted : Thursday, June 20, 2019 9:53:29 PM
Rank: Elder


Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
obiero wrote:
Ericsson wrote:
obiero wrote:
Ericsson wrote:
obiero wrote:
the deal wrote:
Buy me out at KES8.52 and I will forever be grateful Laughing out loudly Laughing out loudly Laughing out loudly

KES 12 is the operative figure.. All trades thus far since 2017 restructuring have been by disillusioned elderly traders who don’t have a clue about what’s happening to their holding


The wise ones sold when the counter was trading between 10 and 18.

Nothing wise there.. The ABP for none was lower than KES 21. KQ is a gamblers dream stock.. Lets see whether KQLC, KLM, KQ ESOP will take a bow at less than KES 8.52. Meanwhile MJ says that the Open Offer will proceed

They narrowed their losses at zero cost.
The best GOK can offer KQLC, KLM, KQ ESOP is ksh.10 per share

KES 10 is acceptable if accompanied by the Open Offer for the minority shareholders


@Obiero post the document here...


possunt quia posse videntur
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VituVingiSana
#12975 Posted : Thursday, June 20, 2019 11:41:14 PM
Rank: Chief


Joined: 1/3/2007
Posts: 18,259
Location: Nairobi
Let me leave this here

Kenya Airways drops in global aviation ranking
https://www.businessdailyafrica.com/corporate/companies/Kenya-Airways-drops-in-global-aviation-ranking/4003102-5165424-qte2ho/index.html
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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obiero
#12976 Posted : Friday, June 21, 2019 6:12:05 AM
Rank: Elder


Joined: 6/23/2009
Posts: 13,903
Location: nairobi
Watulipe twenzetu

COOP ABP 15.85; IMH ABP 35.55; KQ ABP 5.75; MTN ABP 5.20
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sparkly
#12977 Posted : Friday, June 21, 2019 8:00:07 AM
Rank: Elder


Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
obiero wrote:
Watulipe twenzetu


What is the likelihood of being bought off by Treasury?

I give my estimation as follows:


1. KQLC - 50%;

Pros-
- Banks have greater negotiating power;
- Uthamaki stake in a lender bank;
- Nationalization support by management;

Cons-
- GOK is broke;

2. Minority Shareholders - 30%.

Pros-
- Benefit from buy out of the banks;
- Avoid public backlash and lawsuits;

Cons-
- GOK is broke;
- Nobody cares for Wanjiku;
- Lawsuits whichever way.
Life is short. Live passionately.
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Spikes
#12978 Posted : Friday, June 21, 2019 8:05:52 AM
Rank: Elder


Joined: 9/20/2015
Posts: 2,811
Location: Mombasa
obiero wrote:
nairobby wrote:
I can't believe @obiero averaged down on this stock.

You better believe it boss.. Now we await the buy out but only after the rights issue AKA Open Offer.. I will personally take GoK to court if they attempt a squeeze out


Now you take me seriously by taking government to court if you feel squeezed.
John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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VituVingiSana
#12979 Posted : Friday, June 21, 2019 8:06:36 AM
Rank: Chief


Joined: 1/3/2007
Posts: 18,259
Location: Nairobi
sparkly wrote:
obiero wrote:
Watulipe twenzetu


What is the likelihood of being bought off by Treasury?

I give my estimation as follows:


1. KQLC - 50%;

Pros-
- Banks have greater negotiating power;
- Uthamaki stake in a lender bank;
- Nationalization support by management;
Also there is probably some sort of agreement that GoK signed to get the banks (esp Equity) to agree to the Debt:Equity Swap

Cons-
- GOK is broke;

2. Minority Shareholders - 30%.

Pros-
- Benefit from buy out of the banks;
- Avoid public backlash and lawsuits; Who will sue who? Laughing out loudly Laughing out loudly Laughing out loudly
The current board? The prior board? Naikuni? GoK?
If one bought KQ shares without reading the Financial Statements, Annual Reports and Wazua then apambane na hali yake
Cons-
- GOK is broke;
- Nobody cares for Wanjiku;
- Lawsuits whichever way.

Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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VituVingiSana
#12980 Posted : Friday, June 21, 2019 8:09:09 AM
Rank: Chief


Joined: 1/3/2007
Posts: 18,259
Location: Nairobi
Spikes wrote:
obiero wrote:
nairobby wrote:
I can't believe @obiero averaged down on this stock.

You better believe it boss.. Now we await the buy out but only after the rights issue AKA Open Offer.. I will personally take GoK to court if they attempt a squeeze out

Now you take me seriously by taking government to court if you feel squeezed.

Do keep us abreast. I will give you moral support.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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