Rank: Elder Joined: 6/23/2009 Posts: 14,341 Location: nairobi
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HaMaina wrote:obiero wrote:HaMaina wrote:obiero wrote:Impunity wrote:obiero wrote:HaMaina wrote:obiero wrote:HaMaina wrote:obiero wrote:HaMaina wrote:obiero wrote:Tuesday 9th July fate of KQ nationalization will be sealed on the floor.. Sufficient marshaling effected.. Head of State stamp of approval granted to the troops.. KQLC and KLM stake to be converted to GoK bonds.. Minority shareholders to be paid off in cold hard cash 8bob ?? It's Henry's call.. But knowing the cluster of the shareholders involved, it will likely be negotiated and competitive You realise 8 Bob is equivalent to 2 Bob pre consolidation price. Which I never saw KQ trade at before the consolidation. Yes it is.. That's why the Open Offer will have to happen. The price is already indicative Good Luck, I'm watching but from the sidelines. Thanks.. Let's see how it goes If someone buys the shares at today's rate (kitu 3.5 shillings) , will he be eligible to be bought at the 8 bob? Yes.. But that would be unwise considering all uncertainties at this moment.. It's better for other current shareholders who have established risk vs return boundaries I don't think anything big like a buyout will happen until Mikotz leaves and a replacement found. Its still too early to take the buyout seriously. It will happen.. The parliamentary vote that is.. Day after tomorrow. Modalities for the buy out itself will take a minimum of 1-2 years, noting budgetary process for 2019/2020 has been completed and a supplementary cannot be run on a non emergency spend such as the KQ buyout How is the parliamentary vote being held today going to help the minority shareholder ? One thing led to another.. Recess checked in.. Let's await 23rd. COOP, IMH, KEGN, MTNU
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