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Kenya Airways...why ignore..
VituVingiSana
#13301 Posted : Thursday, July 25, 2019 8:03:38 AM
Rank: Chief


Joined: 1/3/2007
Posts: 18,129
Location: Nairobi
obiero wrote:
VituVingiSana wrote:
obiero wrote:
Special dedication to @vvs
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 🍺πŸ₯ƒπŸ» the rest of KQ service is πŸ‘ŽπŸ‘ŽπŸ‘Ž


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
chiaroscuro
#13302 Posted : Thursday, July 25, 2019 8:15:23 AM
Rank: Veteran


Joined: 2/2/2012
Posts: 1,134
Location: Nairobi
obiero wrote:
VituVingiSana wrote:
obiero wrote:
Special dedication to @vvs
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 🍺πŸ₯ƒπŸ» the rest of KQ service is πŸ‘ŽπŸ‘ŽπŸ‘Ž


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?


the deal
#13303 Posted : Thursday, July 25, 2019 4:14:43 PM
Rank: Elder


Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
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

VituVingiSana
#13304 Posted : Thursday, July 25, 2019 4:19:08 PM
Rank: Chief


Joined: 1/3/2007
Posts: 18,129
Location: Nairobi
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
Ebenyo
#13305 Posted : Thursday, July 25, 2019 4:37:26 PM
Rank: Veteran


Joined: 4/4/2016
Posts: 1,997
Location: Kitale
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
the deal
#13306 Posted : Thursday, July 25, 2019 4:53:55 PM
Rank: Elder


Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
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...
obiero
#13307 Posted : Thursday, July 25, 2019 5:12:18 PM
Rank: Elder


Joined: 6/23/2009
Posts: 13,558
Location: nairobi
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...

There’s 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

COOP 70,000 ABP 15.20; HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
obiero
#13308 Posted : Thursday, July 25, 2019 5:15:07 PM
Rank: Elder


Joined: 6/23/2009
Posts: 13,558
Location: nairobi
chiaroscuro wrote:
obiero wrote:
VituVingiSana wrote:
obiero wrote:
Special dedication to @vvs
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 🍺πŸ₯ƒπŸ» the rest of KQ service is πŸ‘ŽπŸ‘ŽπŸ‘Ž


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

COOP 70,000 ABP 15.20; HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
VituVingiSana
#13309 Posted : Thursday, July 25, 2019 7:10:17 PM
Rank: Chief


Joined: 1/3/2007
Posts: 18,129
Location: Nairobi
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
VituVingiSana
#13310 Posted : Thursday, July 25, 2019 7:13:42 PM
Rank: Chief


Joined: 1/3/2007
Posts: 18,129
Location: Nairobi
obiero wrote:
chiaroscuro wrote:
obiero wrote:
VituVingiSana wrote:
obiero wrote:
Special dedication to @vvs
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 🍺πŸ₯ƒπŸ» the rest of KQ service is πŸ‘ŽπŸ‘ŽπŸ‘Ž


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
sparkly
#13311 Posted : Thursday, July 25, 2019 10:59:39 PM
Rank: Elder


Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
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.


Bond, What bond? Is he suggesting;

1. That the KQLC banks be given GOK Treasury bonds for their shares in KQ; or
2. KQ to issue corporate bonds to KQLC banks in lieu of the the shares.
Life is short. Live passionately.
VituVingiSana
#13312 Posted : Thursday, July 25, 2019 11:47:01 PM
Rank: Chief


Joined: 1/3/2007
Posts: 18,129
Location: Nairobi
sparkly 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.

Bond, What bond? Is he suggesting;

1. That the KQLC banks be given GOK Treasury bonds for their shares in KQ; or
2. KQ to issue corporate bonds to KQLC banks in lieu of the the shares.
1. Acceptable 2. Waste of time. Requires a 100% provision.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
muandiwambeu
#13313 Posted : Friday, July 26, 2019 12:14:27 AM
Rank: Veteran


Joined: 8/28/2015
Posts: 1,247
obiero wrote:
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...

There’s 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


Now that the end of course examinations are around the corner, its time to do thorough revisions. I speak from coded experience and not 8-4-4 or cbc or cpc d'oh! Pray Pray
Let me leave this one here(P.G is advisd)
https://photos.app.goo.gl/c11aLRp7bD6LREsi9
,Behold, a sower went forth to sow;....
VituVingiSana
#13314 Posted : Friday, July 26, 2019 6:02:31 AM
Rank: Chief


Joined: 1/3/2007
Posts: 18,129
Location: Nairobi
muandiwambeu wrote:
obiero wrote:
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...

There’s 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


Now that the end of course examinations are around the corner, its time to do thorough revisions. I speak from coded experience and not 8-4-4 or cbc or cpc d'oh! Pray Pray
Let me leave this one here(P.G is advisd)
https://photos.app.goo.gl/c11aLRp7bD6LREsi9
Laughing out loudly Laughing out loudly Laughing out loudly I am glad I am not the guy in the lurch!
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Ebenyo
#13315 Posted : Friday, July 26, 2019 9:38:34 AM
Rank: Veteran


Joined: 4/4/2016
Posts: 1,997
Location: Kitale
sparkly 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.


Bond, What bond? Is he suggesting;

1. That the KQLC banks be given GOK Treasury bonds for their shares in KQ; or
2. KQ to issue corporate bonds to KQLC banks in lieu of the the shares.



From his speech,it seems he means a treasury bond.
Towards the goal of financial freedom
chiaroscuro
#13316 Posted : Friday, July 26, 2019 10:16:14 AM
Rank: Veteran


Joined: 2/2/2012
Posts: 1,134
Location: Nairobi
Ebenyo wrote:
sparkly 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.


Bond, What bond? Is he suggesting;

1. That the KQLC banks be given GOK Treasury bonds for their shares in KQ; or
2. KQ to issue corporate bonds to KQLC banks in lieu of the the shares.



From his speech,it seems he means a treasury bond.


His speech is nothing - neither here nor there. What matters is what his committee wrote in the report. The bond is NOT one of the recommendations!

It is just a passing observation.

Like I said: kuna watu watajua hawajui!
sparkly
#13317 Posted : Friday, July 26, 2019 10:38:23 AM
Rank: Elder


Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
chiaroscuro wrote:
Ebenyo wrote:
sparkly 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.


Bond, What bond? Is he suggesting;

1. That the KQLC banks be given GOK Treasury bonds for their shares in KQ; or
2. KQ to issue corporate bonds to KQLC banks in lieu of the the shares.



From his speech,it seems he means a treasury bond.


His speech is nothing - neither here nor there. What matters is what his committee wrote in the report. The bond is NOT one of the recommendations!

It is just a passing observation.

Like I said: kuna watu watajua hawajui!


Pkosing is very confused. He doesn't understand what national carrier status means. Whoever told him that KQ must be 100% government owned to enjoy incentives and tax subsidies did him a huge disservice.
Life is short. Live passionately.
Ericsson
#13318 Posted : Friday, July 26, 2019 10:57:03 AM
Rank: Elder


Joined: 12/4/2009
Posts: 10,702
Location: NAIROBI
sparkly wrote:
chiaroscuro wrote:
Ebenyo wrote:
sparkly 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.


Bond, What bond? Is he suggesting;

1. That the KQLC banks be given GOK Treasury bonds for their shares in KQ; or
2. KQ to issue corporate bonds to KQLC banks in lieu of the the shares.



From his speech,it seems he means a treasury bond.


His speech is nothing - neither here nor there. What matters is what his committee wrote in the report. The bond is NOT one of the recommendations!

It is just a passing observation.

Like I said: kuna watu watajua hawajui!


Pkosing is very confused. He doesn't understand what national carrier status means. Whoever told him that KQ must be 100% government owned to enjoy incentives and tax subsidies did him a huge disservice.


He's an MP.By doing that report he has been paid an allowance
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
FUNKY
#13319 Posted : Friday, July 26, 2019 11:08:01 AM
Rank: Veteran


Joined: 4/30/2010
Posts: 1,635
nairobby
#13320 Posted : Friday, July 26, 2019 1:17:35 PM
Rank: Member


Joined: 1/18/2019
Posts: 185
Location: kenya
Pkosing said they'll spend about Ksh 800 million to buy out minority shareholders
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