Wazua
»
Investor
»
Stocks
»
Kenya Airways...why ignore..
Rank: Chief Joined: 1/3/2007 Posts: 18,187 Location: Nairobi
|
obiero wrote:Meanwhile, confirmed in today's AGM. The KES 1.5B Open Offer has been abandoned by the KQ board. Bring down your ABP via more purchases, or deal with the situation through therapy sessions CBT-Kenya (Cognitive Behavioral Therapy-Kenya) is a psychotherapy centre in Kilimani area, Nairobi that offers counseling and therapy sessions for persons from all walks of life. https://www.cbtkenya.org...vices-nairobi-cbt-kenya/Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
|
|
|
Rank: Chief Joined: 1/3/2007 Posts: 18,187 Location: Nairobi
|
obiero wrote:VituVingiSana wrote:obiero wrote:VituVingiSana wrote:obiero wrote:VituVingiSana wrote:obiero wrote:That's the law of airline trade. You have to be prepared for early check in. Plus on the positive, an overbooked airline, is a healthy airline. Rather over, than under. Long live Michael Joseph Lakini, MJ has left the building. A good dancer must know when to leave the stage. In his case, full term has been served as per company MEMARTS. If only the PIIP would have gone through, right now KQ would be unrecognizable from an investment perspective. He did his best, in my view Why are you still bullish post-MJ? BTW, JJ made a loss. It has also borrowed more money from NCBA to repay arrears. In GoK I trust. Financially speaking. Leaving politics aside. Plus KQLC are unlikely to let their significant stake go down the drain Good luck trusting GoK. KQLC is not in the same boat as you. They have some guarantees which you do not. Let me understand what you are saying. That their shares are not pari pasu? Yes, they are.Each KQLC share has equal value to my share. Remember, it was bank debt that was converted to equity. That conversion came with guarantees. I do not recall exactly but I think 50% of the converted debt will be paid by GoK. In other words, banks will get a minimum of 50% in case the shares go to zero . Of what good would be a GoK guarantee considering state of economy now. Didn't GoK pay off the loan KQ defaulted on even with the current state of the economy?Their best resolve is to aid KQ to prosper. Yes, but their interests are semi-protected unlike yours if KQ goes completely belly-up Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
|
|
|
Rank: Elder Joined: 6/23/2009 Posts: 13,696 Location: nairobi
|
VituVingiSana wrote:obiero wrote:VituVingiSana wrote:obiero wrote:VituVingiSana wrote:obiero wrote:VituVingiSana wrote:obiero wrote:That's the law of airline trade. You have to be prepared for early check in. Plus on the positive, an overbooked airline, is a healthy airline. Rather over, than under. Long live Michael Joseph Lakini, MJ has left the building. A good dancer must know when to leave the stage. In his case, full term has been served as per company MEMARTS. If only the PIIP would have gone through, right now KQ would be unrecognizable from an investment perspective. He did his best, in my view Why are you still bullish post-MJ? BTW, JJ made a loss. It has also borrowed more money from NCBA to repay arrears. In GoK I trust. Financially speaking. Leaving politics aside. Plus KQLC are unlikely to let their significant stake go down the drain Good luck trusting GoK. KQLC is not in the same boat as you. They have some guarantees which you do not. Let me understand what you are saying. That their shares are not pari pasu? Yes, they are.Each KQLC share has equal value to my share. Remember, it was bank debt that was converted to equity. That conversion came with guarantees. I do not recall exactly but I think 50% of the converted debt will be paid by GoK. In other words, banks will get a minimum of 50% in case the shares go to zero . Of what good would be a GoK guarantee considering state of economy now. Didn't GoK pay off the loan KQ defaulted on even with the current state of the economy?Their best resolve is to aid KQ to prosper. Yes, but their interests are semi-protected unlike yours if KQ goes completely belly-up KQLC held 10,681,190,192 KQ shares pre consolidated resulting in 2,670,297,548 post consolidation, with ownership percentage of 38%. That means KES 22.7B investment using KES 8.52 OMC (ordinary mandatory convert) used in 2017 when the debt to equity swap was performed. You imagine that the banks will be ready to forfeit KES 11.3B https://corporate.kenya-...d-business-transactions/
COOP 255,000 ABP 15.85; KQ 544,100 ABP 7.15; MTN 23,800 ABP 5.20
|
|
|
Rank: Chief Joined: 1/3/2007 Posts: 18,187 Location: Nairobi
|
obiero wrote:VituVingiSana wrote:obiero wrote:VituVingiSana wrote:obiero wrote:VituVingiSana wrote:obiero wrote:VituVingiSana wrote:obiero wrote:That's the law of airline trade. You have to be prepared for early check in. Plus on the positive, an overbooked airline, is a healthy airline. Rather over, than under. Long live Michael Joseph Lakini, MJ has left the building. A good dancer must know when to leave the stage. In his case, full term has been served as per company MEMARTS. If only the PIIP would have gone through, right now KQ would be unrecognizable from an investment perspective. He did his best, in my view Why are you still bullish post-MJ? BTW, JJ made a loss. It has also borrowed more money from NCBA to repay arrears. In GoK I trust. Financially speaking. Leaving politics aside. Plus KQLC are unlikely to let their significant stake go down the drain Good luck trusting GoK. KQLC is not in the same boat as you. They have some guarantees which you do not. Let me understand what you are saying. That their shares are not pari pasu? Yes, they are.Each KQLC share has equal value to my share. Remember, it was bank debt that was converted to equity. That conversion came with guarantees. I do not recall exactly but I think 50% of the converted debt will be paid by GoK. In other words, banks will get a minimum of 50% in case the shares go to zero . Of what good would be a GoK guarantee considering state of economy now. Didn't GoK pay off the loan KQ defaulted on even with the current state of the economy?Their best resolve is to aid KQ to prosper. Yes, but their interests are semi-protected unlike yours if KQ goes completely belly-up KQLC held 10,681,190,192 KQ shares pre consolidated resulting in 2,670,297,548 post consolidation, with ownership percentage of 38%. That means KES 22.7B investment using KES 8.52 OMC (ordinary mandatory convert) used in 2017 when the debt to equity swap was performed. You imagine that the banks will be ready to forfeit KES 11.3B https://corporate.kenya-...-business-transactions/ 11.5bn today > 23bn who knows when? Yes, there are banks who would rather take the haircut and move on. We see that all the time with intractable NPLs. Any bank that had accepted a 50% haircut in 2017 would have made 100%+ by May 2025 by investing in a 10-year IFB in 2017. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
|
|
|
Rank: Elder Joined: 6/23/2009 Posts: 13,696 Location: nairobi
|
VituVingiSana wrote:obiero wrote:VituVingiSana wrote:obiero wrote:VituVingiSana wrote:obiero wrote:VituVingiSana wrote:obiero wrote:VituVingiSana wrote:obiero wrote:That's the law of airline trade. You have to be prepared for early check in. Plus on the positive, an overbooked airline, is a healthy airline. Rather over, than under. Long live Michael Joseph Lakini, MJ has left the building. A good dancer must know when to leave the stage. In his case, full term has been served as per company MEMARTS. If only the PIIP would have gone through, right now KQ would be unrecognizable from an investment perspective. He did his best, in my view Why are you still bullish post-MJ? BTW, JJ made a loss. It has also borrowed more money from NCBA to repay arrears. In GoK I trust. Financially speaking. Leaving politics aside. Plus KQLC are unlikely to let their significant stake go down the drain Good luck trusting GoK. KQLC is not in the same boat as you. They have some guarantees which you do not. Let me understand what you are saying. That their shares are not pari pasu? Yes, they are.Each KQLC share has equal value to my share. Remember, it was bank debt that was converted to equity. That conversion came with guarantees. I do not recall exactly but I think 50% of the converted debt will be paid by GoK. In other words, banks will get a minimum of 50% in case the shares go to zero . Of what good would be a GoK guarantee considering state of economy now. Didn't GoK pay off the loan KQ defaulted on even with the current state of the economy?Their best resolve is to aid KQ to prosper. Yes, but their interests are semi-protected unlike yours if KQ goes completely belly-up KQLC held 10,681,190,192 KQ shares pre consolidated resulting in 2,670,297,548 post consolidation, with ownership percentage of 38%. That means KES 22.7B investment using KES 8.52 OMC (ordinary mandatory convert) used in 2017 when the debt to equity swap was performed. You imagine that the banks will be ready to forfeit KES 11.3B https://corporate.kenya-...-business-transactions/ 11.5bn today > 23bn who knows when? Yes, there are banks who would rather take the haircut and move on. We see that all the time with intractable NPLs. Any bank that had accepted a 50% haircut in 2017 would have made 100%+ by May 2025 by investing in a 10-year IFB in 2017. I hear you. Let's wait and see
COOP 255,000 ABP 15.85; KQ 544,100 ABP 7.15; MTN 23,800 ABP 5.20
|
|
|
Wazua
»
Investor
»
Stocks
»
Kenya Airways...why ignore..
Forum Jump
You cannot post new topics in this forum.
You cannot reply to topics in this forum.
You cannot delete your posts in this forum.
You cannot edit your posts in this forum.
You cannot create polls in this forum.
You cannot vote in polls in this forum.
|