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Kenya Airways...why ignore..
Rank: Chief Joined: 1/3/2007 Posts: 18,356 Location: Nairobi
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obiero wrote:VituVingiSana wrote: KQ needs to work on its fares. I do hope KQLC get paid off. Comments are lit! Yes we are opting to use Ethiopian airlines or air Rwanda because KQ is soo much expensive
The only thing I enjoy with KQ is unlimited flow of πΊπ₯π» the rest of KQ service is πππ
Ensure that the new KQ will be headed by foreign CEO not kenyan bcoz we know ourselves en our love 4 corruption
Great initiative to ensure continuity of KQ. The culture needs to change to align with international standards in areas such as service delivery, customer service, route network, competitive prices, quality of services etc.
This guy is confused. I'll still fly Ethopian. KQ you have behaved so arrogant in the past your service is terrible.' You just can't come on tv a tell is the obvious. KQ sucks
Indeed the guy is confused.. To say that minority shareholders will be sold for a song and then KQLC shall be issued with bonds, simply sounds like borderline insanity.. Investor confidence will be irreparably broken at the NSE Questions: 1) What is KQ's NAV/share? 2) Why would investor confidence be irreparably broken? 3) Why should GoK compensate minority shareholders? 4) KQLC got guarantees. Did minorities get the same? Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Veteran Joined: 2/2/2012 Posts: 1,134 Location: Nairobi
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obiero wrote:VituVingiSana wrote: KQ needs to work on its fares. I do hope KQLC get paid off. Comments are lit! Yes we are opting to use Ethiopian airlines or air Rwanda because KQ is soo much expensive
The only thing I enjoy with KQ is unlimited flow of πΊπ₯π» the rest of KQ service is πππ
Ensure that the new KQ will be headed by foreign CEO not kenyan bcoz we know ourselves en our love 4 corruption
Great initiative to ensure continuity of KQ. The culture needs to change to align with international standards in areas such as service delivery, customer service, route network, competitive prices, quality of services etc.
This guy is confused. I'll still fly Ethopian. KQ you have behaved so arrogant in the past your service is terrible.' You just can't come on tv a tell is the obvious. KQ sucks
Indeed the guy is confused.. To say that minority shareholders will be sold for a song and then KQLC shall be issued with bonds, simply sounds like borderline insanity.. Investor confidence will be irreparably broken at the NSE Watu watapewa bus fair ya kuja Nairobi ku sign transfer documents! How can people consistently buy a loss-making and insolvent company for seven years and hope to get anything out of it?
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Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery
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GoK,KLM, KQLC and ME both hold the same class of shares...so GoK will make an offer...I don't think the banks will accept a haircut...question is how does broke GoK pay us? They can have two options...
1. Bonds to KQLC,KLM and
2. Cash to Minority shareholders
3. Option of 1 and 2 to any shareholder
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Rank: Chief Joined: 1/3/2007 Posts: 18,356 Location: Nairobi
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the deal wrote:GoK, KQLC and ME both hold the same class of shares...so GoK will make an offer...I don't think the banks will accept a haircut...question is how does broke GoK pay us? They can issue bonds to KQLC,KLM and Minority shareholders... Your dreams are valid. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Veteran Joined: 4/4/2016 Posts: 2,016 Location: Kitale
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VituVingiSana wrote:the deal wrote:GoK, KQLC and ME both hold the same class of shares...so GoK will make an offer...I don't think the banks will accept a haircut...question is how does broke GoK pay us? They can issue bonds to KQLC,KLM and Minority shareholders... Your dreams are valid. Minority shareholders will take a loss while KQLC will be given a 10 year bond. Towards the goal of financial freedom
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Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery
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Ebenyo wrote:VituVingiSana wrote:the deal wrote:GoK, KQLC and ME both hold the same class of shares...so GoK will make an offer...I don't think the banks will accept a haircut...question is how does broke GoK pay us? They can issue bonds to KQLC,KLM and Minority shareholders... Your dreams are valid. Minority shareholders will take a loss while KQLC will be given a 10 year bond. Possible if GoK and KLM and KQLC strike a deal separately...in that case minority shareholders will be left high and dry...
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Rank: Elder Joined: 6/23/2009 Posts: 14,240 Location: nairobi
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the deal wrote:Ebenyo wrote:VituVingiSana wrote:the deal wrote:GoK, KQLC and ME both hold the same class of shares...so GoK will make an offer...I don't think the banks will accept a haircut...question is how does broke GoK pay us? They can issue bonds to KQLC,KLM and Minority shareholders... Your dreams are valid. Minority shareholders will take a loss while KQLC will be given a 10 year bond. Possible if GoK and KLM and KQLC strike a deal separately...in that case minority shareholders will be left high and dry... Thereβs nothing that can drive KQLC and KLM to strike an underhand deal of such a nature, noting that they were at the 07.08.2017 EGM
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Rank: Elder Joined: 6/23/2009 Posts: 14,240 Location: nairobi
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chiaroscuro wrote:obiero wrote:VituVingiSana wrote: KQ needs to work on its fares. I do hope KQLC get paid off. Comments are lit! Yes we are opting to use Ethiopian airlines or air Rwanda because KQ is soo much expensive
The only thing I enjoy with KQ is unlimited flow of πΊπ₯π» the rest of KQ service is πππ
Ensure that the new KQ will be headed by foreign CEO not kenyan bcoz we know ourselves en our love 4 corruption
Great initiative to ensure continuity of KQ. The culture needs to change to align with international standards in areas such as service delivery, customer service, route network, competitive prices, quality of services etc.
This guy is confused. I'll still fly Ethopian. KQ you have behaved so arrogant in the past your service is terrible.' You just can't come on tv a tell is the obvious. KQ sucks
Indeed the guy is confused.. To say that minority shareholders will be sold for a song and then KQLC shall be issued with bonds, simply sounds like borderline insanity.. Investor confidence will be irreparably broken at the NSE Watu watapewa bus fair ya kuja Nairobi ku sign transfer documents! How can people consistently buy a loss-making and insolvent company for seven years and hope to get anything out of it? Why did KQLC come in just under 2 years ago to dilute minority shareholders and then GoK steps in to buy them out and conveniently forget that the shares held by KQLC are at our cost. Extremely dodgy reasoning
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Rank: Chief Joined: 1/3/2007 Posts: 18,356 Location: Nairobi
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the deal wrote:Ebenyo wrote:VituVingiSana wrote:the deal wrote:GoK, KQLC and ME both hold the same class of shares...so GoK will make an offer...I don't think the banks will accept a haircut...question is how does broke GoK pay us? They can issue bonds to KQLC,KLM and Minority shareholders... Your dreams are valid. Minority shareholders will take a loss while KQLC will be given a 10 year bond. Possible if GoK and KLM and KQLC strike a deal separately...in that case minority shareholders will be left high and dry... KQLC were coerced into buying shares. It may have seemed voluntary but the reality is that banks want their loans repaid and not shares in dying firms. So only KQLC should be bought out. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Chief Joined: 1/3/2007 Posts: 18,356 Location: Nairobi
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obiero wrote:chiaroscuro wrote:obiero wrote:VituVingiSana wrote: KQ needs to work on its fares. I do hope KQLC get paid off. Comments are lit! Yes we are opting to use Ethiopian airlines or air Rwanda because KQ is soo much expensive
The only thing I enjoy with KQ is unlimited flow of πΊπ₯π» the rest of KQ service is πππ
Ensure that the new KQ will be headed by foreign CEO not kenyan bcoz we know ourselves en our love 4 corruption
Great initiative to ensure continuity of KQ. The culture needs to change to align with international standards in areas such as service delivery, customer service, route network, competitive prices, quality of services etc.
This guy is confused. I'll still fly Ethopian. KQ you have behaved so arrogant in the past your service is terrible.' You just can't come on tv a tell is the obvious. KQ sucks
Indeed the guy is confused.. To say that minority shareholders will be sold for a song and then KQLC shall be issued with bonds, simply sounds like borderline insanity.. Investor confidence will be irreparably broken at the NSE Watu watapewa bus fair ya kuja Nairobi ku sign transfer documents! How can people consistently buy a loss-making and insolvent company for seven years and hope to get anything out of it? Why did KQLC come in just under 2 years ago to dilute minority shareholders and then GoK steps in to buy them out and conveniently forget that the shares held by KQLC are at our cost. Extremely dodgy reasoning 1) KQLC didn't voluntarily exchange loans for shares. Banks like to be repaid in cash not shares - especially so in loss-making firms with negative equity. 2) KQ was insolvent when the DE conversion happened. KQLC were conned. 3) KQ's was bankrupt before the DE Conversion. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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