Rank: Veteran Joined: 9/18/2014 Posts: 1,127
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chiaroscuro wrote:obiero wrote:chiaroscuro wrote:VituVingiSana wrote:obiero wrote:mlennyma wrote:@Obiero you are really bleeding with this huge KQ holding,will you survive? It’s not looking good right now.. But the board of KQ owe it to the minority shareholders at a minimum to get the Open Offer done so that equilibrium is created. Fair price remains KES 12. You know how the game goes. Someone’s trying to shake the tree so that they pocket the buyout sum 12/-?  For a firm that is BANKRUPT? And has no chance of making a profit in the near future? With over 60bn in accumulated losses, if they make 1bn profit after tax each year, the next dividend will come through in 2079! KQ is a worthless piece of junk only propelled by the bigger fool theory. Those buying are fools hoping that there is a bigger fool out there who will pay them more than they paid for it. The bigger fool they are eyeing is GoK. But with the ongoing manenos of dams, SGR land etc., GoK is getting wiser. Something tells me that GoK is leaning towards a Consolidated Bank kind of settlement....to rescue KQ from certain death. There are soo many vested interests in KQ shareholding and you are being quite simplistic Truth is that KQ needs about sh20bn cash injection to stay afloat. Which of the shareholders is willing to inject that money? Would you, Obiero, say, take up a rights issue? I doubt it. when rights were offered in 2012, only Gok and KLM applied for full allotment - the rest shied away. Why are people imagining that GoK would rather buy give other shareholders the sh20bn instead of injecting same in KQ? Any way; I am being too simplistic.... Haven't looked at the math but 20b sounds like a very modest amount. The main purpose of the stock market is to make fools of as many people as possible.
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