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Kenya Airways...why ignore..
Rank: Chief Joined: 1/3/2007 Posts: 18,095 Location: Nairobi
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obiero wrote:watesh wrote:obiero wrote:Joy comes in the morning. Finally profitable Operating Profit 1,298 Forex gains 5,394 Finance Costs (6,081) Interest income 23 PBT 634 Since forex gain can't be replicated each year, that profit is a mirage. Speak into the revenue Note also that the debt is significantly depleted by GoK largesse What GoK giveth, GoK can taketh.  So has KQ declared a dividend? Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Veteran Joined: 4/23/2014 Posts: 909
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Kenya Airways Posts Profit For the First Time in 11 Years“You can get in way more trouble with a good idea than a bad idea, because you forget that the good idea has limits.” - Ben Graham
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Rank: Elder Joined: 6/23/2009 Posts: 13,497 Location: nairobi
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VituVingiSana wrote:obiero wrote:watesh wrote:obiero wrote:Joy comes in the morning. Finally profitable Operating Profit 1,298 Forex gains 5,394 Finance Costs (6,081) Interest income 23 PBT 634 Since forex gain can't be replicated each year, that profit is a mirage. Speak into the revenue Note also that the debt is significantly depleted by GoK largesse What GoK giveth, GoK can taketh. So has KQ declared a dividend? Chief wacha uchokozi. Dividend not possible at the moment
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Chief Joined: 1/3/2007 Posts: 18,095 Location: Nairobi
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https://www.businessdail...ares-swap-offer-4746844
Which bank will agree to swap debt [which they may be able to collect slowly] for more worthless shares? 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: 13,497 Location: nairobi
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VituVingiSana wrote:https://www.businessdailyafrica.com/bd/corporate/companies/kq-tests-banks-with-another-debt-for-shares-swap-offer-4746844
Which bank will agree to swap debt [which they may be able to collect slowly] for more worthless shares? The big ones that you already know. Deal is done https://www.businessdail...s-loans-deadline-4782866
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Elder Joined: 6/23/2009 Posts: 13,497 Location: nairobi
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VituVingiSana wrote:obiero wrote:sparkly wrote:obiero wrote:Ericsson wrote:VituVingiSana wrote:EXTENSION OF SUSPENSION FROM TRADING OF KENYA AIRWAYS PLC SHARES Notice is hereby given on the extension of suspension from trading of Kenya Airways Plc shares. The extension of suspension seeks to enable the company complete its operational and corporate restructure process. The suspension was approved and issued by the Capital Markets Authority (CMA) pursuant to section 11(3)(w) of the Capital Markets Act and regulation 22 of the Capital Markets (Securities) (Public Offers, Listings and Disclosures) Regulations, 2002. The extension of suspension from trading the company’s shares will remain in force for an additional twelve (12) months, with effect from January 5, 2023. All shareholders, investors and the general public are asked to take note of the suspension. For more information please contact: Nairobi Securities Exchange Plc The Exchange Building, 55 Westlands Road P. O. Box 43633-00100, Nairobi Tel: +254 (020) 283 1000 Email: info@nse.co.ke Website: www.nse.co.ke cc Obiero Taxpayers continue to 'invest' in my investment. It's all good. Waiting.. Or you are the one stuck in a taxpayers investment 🤔 Stuck yes, but definitely going out with a return. Atleast it's not liquidated POLE SANA. I do not speak in code. Suspension will be uplifted by Jan 2025. The end
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Elder Joined: 12/4/2009 Posts: 10,671 Location: NAIROBI
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obiero wrote:VituVingiSana wrote:obiero wrote:sparkly wrote:obiero wrote:Ericsson wrote:VituVingiSana wrote:EXTENSION OF SUSPENSION FROM TRADING OF KENYA AIRWAYS PLC SHARES Notice is hereby given on the extension of suspension from trading of Kenya Airways Plc shares. The extension of suspension seeks to enable the company complete its operational and corporate restructure process. The suspension was approved and issued by the Capital Markets Authority (CMA) pursuant to section 11(3)(w) of the Capital Markets Act and regulation 22 of the Capital Markets (Securities) (Public Offers, Listings and Disclosures) Regulations, 2002. The extension of suspension from trading the company’s shares will remain in force for an additional twelve (12) months, with effect from January 5, 2023. All shareholders, investors and the general public are asked to take note of the suspension. For more information please contact: Nairobi Securities Exchange Plc The Exchange Building, 55 Westlands Road P. O. Box 43633-00100, Nairobi Tel: +254 (020) 283 1000 Email: info@nse.co.ke Website: www.nse.co.ke cc Obiero Taxpayers continue to 'invest' in my investment. It's all good. Waiting.. Or you are the one stuck in a taxpayers investment 🤔 Stuck yes, but definitely going out with a return. Atleast it's not liquidated POLE SANA. I do not speak in code. Suspension will be uplifted by Jan 2025. The end Hekaya za abunwasi,no lifting instead the suspension will be extended. Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Member Joined: 2/15/2010 Posts: 126 Location: Kenya
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When Wanjiku realizes how much GOK pays to keep this thing going they will "sell it in the morning".
But yes it should trade like the other monkeys.
It is even profitable, for now.
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Rank: Chief Joined: 1/3/2007 Posts: 18,095 Location: Nairobi
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DtheK wrote:When Wanjiku realizes how much GOK pays to keep this thing going they will "sell it in the morning".
But yes it should trade like the other monkeys.
It is even profitable, for now. It is not profitable but for a sleight of hand. The debt service is the problem. For GoK to take over the debt, it will want more shares in KQ. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 12/4/2009 Posts: 10,671 Location: NAIROBI
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When is KQ buying new plains. It's current fleet is very old. Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Chief Joined: 1/3/2007 Posts: 18,095 Location: Nairobi
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Ericsson wrote:When is KQ buying new plains.
It's current fleet is very old. Why does KQ need more plains? Are they going into ranching? 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: 13,497 Location: nairobi
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VituVingiSana wrote:Ericsson wrote:When is KQ buying new plains.
It's current fleet is very old. Why does KQ need more plains? Are they going into ranching? Chief. Please be polite. Illiteracy is still rampant in Africa
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Elder Joined: 6/23/2009 Posts: 13,497 Location: nairobi
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VituVingiSana wrote:DtheK wrote:When Wanjiku realizes how much GOK pays to keep this thing going they will "sell it in the morning".
But yes it should trade like the other monkeys.
It is even profitable, for now. It is not profitable but for a sleight of hand. The debt service is the problem. For GoK to take over the debt, it will want more shares in KQ. The larger portion of long term debt was converted into additional shares for KQLC (Kenya Airways Lenders Company) Limited
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Elder Joined: 12/4/2009 Posts: 10,671 Location: NAIROBI
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Ericsson wrote:When is KQ buying new plains.
It's current fleet is very old. Aeroplanes/aircraft Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 12/4/2009 Posts: 10,671 Location: NAIROBI
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VituVingiSana wrote:DtheK wrote:When Wanjiku realizes how much GOK pays to keep this thing going they will "sell it in the morning".
But yes it should trade like the other monkeys.
It is even profitable, for now. It is not profitable but for a sleight of hand. The debt service is the problem. For GoK to take over the debt, it will want more shares in KQ. They are already servicing the KQ debt. Let them have more shares and repay KQ lenders their money and takeover the shareholding Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Chief Joined: 1/3/2007 Posts: 18,095 Location: Nairobi
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obiero wrote:VituVingiSana wrote:Ericsson wrote:When is KQ buying new plains.
It's current fleet is very old. Why does KQ need more plains? Are they going into ranching? Chief. Please be polite. Illiteracy is still rampant in Africa I do not mind ribbing @Ericsson but for your peace of mind, I would suggest you write-off the entire KQ stake! I have had to do that with more than a couple of counters. Lala salama. 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: 18,095 Location: Nairobi
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obiero wrote:VituVingiSana wrote:DtheK wrote:When Wanjiku realizes how much GOK pays to keep this thing going they will "sell it in the morning".
But yes it should trade like the other monkeys.
It is even profitable, for now. It is not profitable but for a sleight of hand. The debt service is the problem. For GoK to take over the debt, it will want more shares in KQ. The larger portion of long term debt was converted into additional shares for KQLC (Kenya Airways Lenders Company) Limited There are still deferred loans out there. 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: 18,095 Location: Nairobi
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Ericsson wrote:VituVingiSana wrote:DtheK wrote:When Wanjiku realizes how much GOK pays to keep this thing going they will "sell it in the morning".
But yes it should trade like the other monkeys.
It is even profitable, for now. It is not profitable but for a sleight of hand. The debt service is the problem. For GoK to take over the debt, it will want more shares in KQ. They are already servicing the KQ debt. Let them have more shares and repay KQ lenders their money and takeover the shareholding #TukoPamoja I want KQ/GoK to repay the lenders and we close this chapter. 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: 13,497 Location: nairobi
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VituVingiSana wrote:obiero wrote:VituVingiSana wrote:Ericsson wrote:When is KQ buying new plains.
It's current fleet is very old. Why does KQ need more plains? Are they going into ranching? Chief. Please be polite. Illiteracy is still rampant in Africa I do not mind ribbing @Ericsson but for your peace of mind, I would suggest you write-off the entire KQ stake! I have had to do that with more than a couple of counters. Lala salama. Aluta continua
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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