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Kenya Airways...why ignore..
Rank: Elder Joined: 6/23/2009 Posts: 13,515 Location: nairobi
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2023 is almost here.. been a long one, this one. mvumilivu hula.. 
HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Elder Joined: 6/23/2009 Posts: 13,515 Location: nairobi
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HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Elder Joined: 6/23/2009 Posts: 13,515 Location: nairobi
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04.01.2023
HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Chief Joined: 1/3/2007 Posts: 18,103 Location: Nairobi
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AGM, aje? Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 6/23/2009 Posts: 13,515 Location: nairobi
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VituVingiSana wrote:AGM, aje? KQ transformation journey is completed. Awaiting take off
HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Chief Joined: 1/3/2007 Posts: 18,103 Location: Nairobi
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obiero wrote:VituVingiSana wrote:AGM, aje? KQ transformation journey is completed. Awaiting take off Wamelipa pesa za mafuta?  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: 18,103 Location: Nairobi
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KQ suspends London route ticket sales on airport crisis https://www.businessdail...heathrow-crisis-3880126
Airlines are a tough business. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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Rank: Elder Joined: 3/2/2009 Posts: 26,328 Location: Masada
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*KQ reneges on new share promise to small owners* Kenya Airways has reneged on a promise to minority shareholders to issue them with new stakes at a discount as compensation for ownership cut they suffered during the airline’s 2017 restructuring. Small investors lost 75 per cent of the shares they held in the company in the financial engineering that accompanied the conversion of $587.6 million (Sh69.6 billion) loans from the National Treasury, KLM and banks to equity. Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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Rank: Veteran Joined: 6/2/2010 Posts: 1,066
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Impunity wrote:*KQ reneges on new share promise to small owners*
Kenya Airways has reneged on a promise to minority shareholders to issue them with new stakes at a discount as compensation for ownership cut they suffered during the airline’s 2017 restructuring. Small investors lost 75 per cent of the shares they held in the company in the financial engineering that accompanied the conversion of $587.6 million (Sh69.6 billion) loans from the National Treasury, KLM and banks to equity. On a light note. A person who owns a yatch should know how to spell yatch  Back to business. Most airlines should be run as a social enterprise. To provide a service with no expectation of making a profit. But will full expectation of making a loss every now and then.
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Rank: Chief Joined: 1/3/2007 Posts: 18,103 Location: Nairobi
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My 2 cents wrote:Impunity wrote:*KQ reneges on new share promise to small owners*
Kenya Airways has reneged on a promise to minority shareholders to issue them with new stakes at a discount as compensation for ownership cut they suffered during the airline’s 2017 restructuring. Small investors lost 75 per cent of the shares they held in the company in the financial engineering that accompanied the conversion of $587.6 million (Sh69.6 billion) loans from the National Treasury, KLM and banks to equity. On a light note. A person who owns a yatch should know how to spell yatch Back to business. Most airlines should be run as a social enterprise. To provide a service with no expectation of making a profit. But will full expectation of making a loss every now and then. Which should not be run as a social enterprise? 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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Impunity wrote:*KQ reneges on new share promise to small owners*
Kenya Airways has reneged on a promise to minority shareholders to issue them with new stakes at a discount as compensation for ownership cut they suffered during the airline’s 2017 restructuring. Small investors lost 75 per cent of the shares they held in the company in the financial engineering that accompanied the conversion of $587.6 million (Sh69.6 billion) loans from the National Treasury, KLM and banks to equity. Did anyone lose shares? Or were they just diluted because new shares were created and offered to creditors in exchange for loans beings converted to equity? The reality is that the creditors were the losers; not the minority shareholders!
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Rank: Chief Joined: 1/3/2007 Posts: 18,103 Location: Nairobi
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chiaroscuro wrote:Impunity wrote:*KQ reneges on new share promise to small owners*
Kenya Airways has reneged on a promise to minority shareholders to issue them with new stakes at a discount as compensation for ownership cut they suffered during the airline’s 2017 restructuring. Small investors lost 75 per cent of the shares they held in the company in the financial engineering that accompanied the conversion of $587.6 million (Sh69.6 billion) loans from the National Treasury, KLM and banks to equity. Did anyone lose shares? Or were they just diluted because new shares were created and offered to creditors in exchange for loans beings converted to equity? The reality is that the creditors were the losers; not the minority shareholders!  If GoK had allowed the creditors to do their thing... KQ would be in liquidation. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 6/23/2009 Posts: 13,515 Location: nairobi
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VituVingiSana wrote:chiaroscuro wrote:Impunity wrote:*KQ reneges on new share promise to small owners*
Kenya Airways has reneged on a promise to minority shareholders to issue them with new stakes at a discount as compensation for ownership cut they suffered during the airline’s 2017 restructuring. Small investors lost 75 per cent of the shares they held in the company in the financial engineering that accompanied the conversion of $587.6 million (Sh69.6 billion) loans from the National Treasury, KLM and banks to equity. Did anyone lose shares? Or were they just diluted because new shares were created and offered to creditors in exchange for loans beings converted to equity? The reality is that the creditors were the losers; not the minority shareholders! If GoK had allowed the creditors to do their thing... KQ would be in liquidation. No shares were lost and the restructuring did save KQ, but the Open Offer would have created value for the diluted minority shareholders
HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Elder Joined: 6/23/2009 Posts: 13,515 Location: nairobi
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https://www.businessdail...booking-recovery-3924626
HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Elder Joined: 6/23/2009 Posts: 13,515 Location: nairobi
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Africa's Leading Airline Africa's Leading Airline - Business Class Africa's Leading Airline - Brand Africa's Leading Inflight Magazine A King is rarely appreciated in his household
HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Elder Joined: 6/23/2009 Posts: 13,515 Location: nairobi
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Do or die https://www.businessdail...-of-strike-talks-3998930
HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Chief Joined: 1/3/2007 Posts: 18,103 Location: Nairobi
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The best thing for taxpayers is that KQ goes into bankruptcy. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 6/23/2009 Posts: 13,515 Location: nairobi
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VituVingiSana wrote:The best thing for taxpayers is that KQ goes into bankruptcy. The President has other ideas
HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Elder Joined: 6/23/2009 Posts: 13,515 Location: nairobi
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obiero wrote:VituVingiSana wrote:The best thing for taxpayers is that KQ goes into bankruptcy. The President has other ideas Who will blink first
HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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