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what next for KENRE & KQ?
Rank: Chief Joined: 1/3/2007 Posts: 18,347 Location: Nairobi
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Gordon Gekko wrote:KQ isn't selling its shares. PW is creating new shares that will result in KQ's dilution from 49% to 34%. Shirima's stake will dilute from 51% to 34%. The new shares will be sold to Tanzanians and generate 2B towards expansion.
The upside of this is twofold. One will be cash for PW and two will be the removal of the xenophobic perception in Tz that PW is a kenyan airline.
I'm not worried about haphazard expansion (ala Uchumi) if they keep Kioko on board and listen to KQ advise. Can Tanzanians raise $28 million? I wish KQ would have kept 49% by subscribing as well... Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
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@qw.... Did you just reveal your real name?? Mark 12:29
Deuteronomy 4:16
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Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
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guru, you were AWOL when qw first revealed his name. I even believe he got a Facebook friend request from the deal.  GOD BLESS YOUR LIFE
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Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery
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Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery
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VituVingiSana wrote:Gordon Gekko wrote:KQ isn't selling its shares. PW is creating new shares that will result in KQ's dilution from 49% to 34%. Shirima's stake will dilute from 51% to 34%. The new shares will be sold to Tanzanians and generate 2B towards expansion.
The upside of this is twofold. One will be cash for PW and two will be the removal of the xenophobic perception in Tz that PW is a kenyan airline.
I'm not worried about haphazard expansion (ala Uchumi) if they keep Kioko on board and listen to KQ advise. Can Tanzanians raise $28 million? I wish KQ would have kept 49% by subscribing as well... its this sought of mentality thats why Kenya will never move forward...how can a country of 50M people fail to raise a mere $28M...Mr Shirima(1 person) owns 51% of PW...stop underestimating Tanzanians...Kenyans cant even manage an election apart from killing each other...
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Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
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HAAAAAHAAAAA!  I swear qw is going to have your head for this. GOD BLESS YOUR LIFE
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Rank: Chief Joined: 1/3/2007 Posts: 18,347 Location: Nairobi
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@the deal - Namibia is lucky... it has minerals galore... also who really runs the businesses there apart from S.Africans? Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Veteran Joined: 5/23/2010 Posts: 868 Location: La Islas Galápagos
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qw25041985 wrote:@staitmeister. Why ? @qw, i posted earlier - its the revaluations which go to the P&L. Careful interpretation as such cannot always be liquidated (e.g. KenRe liquidating its holdings in other insurances) A bad day fishing is better than a good day at work
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Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery
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VituVingiSana wrote:@the deal - Namibia is lucky... it has minerals galore... also who really runs the businesses there apart from S.Africans? they u go if u have a fantastic business idea run to Namibia right now..the South Africans will come calling and buy you out at a premium!!!! in btwn do u believe Uranium has a future? theres this Uranium euphoria in the Namib desert..companies are pumping billions to develop mines there...Good leadership is also key for a country to prosper i.e look at Nigeria...mineral galore but...
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what next for KENRE & KQ?
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