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Kenya airways Right Issue
Rank: Chief Joined: 1/3/2007 Posts: 18,110 Location: Nairobi
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Impunity wrote:And who was that guy who wanted to stall the whole project?The one who has a case in court to halt the rights claiming that his right as a minority wanjiko shareholder is infringed?
Does he have a case?
Hearing on 20th (kesho) at Milimani High Court http://www.businessdaily.../-/5kga8fz/-/index.html
Also http://www.youtube.com/w...B0k-t84i7nRDVctb6oF5cI= Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Member Joined: 7/3/2008 Posts: 238
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IFC to take 10%.. Just wondering from where? are they a shareholder? LINK
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Rank: Chief Joined: 1/3/2007 Posts: 18,110 Location: Nairobi
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Mali wrote:IFC to take 10%.. Just wondering from where? are they a shareholder? LINK Rump Investors Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
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You might be interested to know that the shareholder who filed the case against KQ, Prakash Gadani, at one point owned 1.5% of Olympia. His Family then (2007) owned 4.24% of the company. As by the 2011 Annual Report though, a Rakesh Gadani only had 0.6% of the total shares. Good thing they sold off if you ask me... ************************************************************ While we are on the subject of Kenyan Airlines, the only thing that excites me about Kenya Airways is that song that they have been playing on the background of their ads (including the RI ads) for over a decade. Anyone know how I can get it?  GOD BLESS YOUR LIFE
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Rank: Chief Joined: 1/3/2007 Posts: 18,110 Location: Nairobi
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Olympia did a 3:1 Rights in 2007 (I think) at 14/- & borrowed heavily to buy businesses/expansion in South Africa. Today the price is 3.75 KQ has an ongoing 3.2:1 Rights in 2012 at 14/- & will borrow heavily to fund its expansion. 2017? Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
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VituVingiSana wrote:Olympia did a 3:1 Rights in 2007 (I think) at 14/- & borrowed heavily to buy businesses/expansion in South Africa. Today the price is 3.75
KQ has an ongoing 3.2:1 Rights in 2012 at 14/- & will borrow heavily to fund its expansion. 2017? There is almost a symmetry with those numbers  If the case fails, he should seriously consider following mlennyma's advice when the rights issue was announced about a month ago: mlennyma wrote:I will sell this thing kesho and assume i was conned. GOD BLESS YOUR LIFE
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Rank: User Joined: 1/24/2012 Posts: 1,675 Location: In Da Hood
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youcan'tstopusnow wrote:VituVingiSana wrote:Olympia did a 3:1 Rights in 2007 (I think) at 14/- & borrowed heavily to buy businesses/expansion in South Africa. Today the price is 3.75
KQ has an ongoing 3.2:1 Rights in 2012 at 14/- & will borrow heavily to fund its expansion. 2017? There is almost a symmetry with those numbers  If the case fails, he should seriously consider following mlennyma's advice: mlennyma wrote:I will sell this thing kesho and assume i was conned. yeah. Mlennyama advice is really funny.
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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Since 49% of rights are taken by GOK, KLM. 10% by IFC and 1% to be given to staff. That's a guarenteed 60% subscription rate. 40% left. When the results come my main interest will be how much of that 40% percent will be taken up. Not much i think. On a lighter note. At least with the 1% of shares being given to the employees the CEO will finally have some shares. lol. The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
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Aguytrying wrote:
On a lighter note. At least with the 1% of shares being given to the employees the CEO will finally have some shares. lol.
I'm sure atakataa! GOD BLESS YOUR LIFE
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Rank: Chief Joined: 1/3/2007 Posts: 18,110 Location: Nairobi
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Aguytrying wrote:Since 49% of rights are taken by GOK, KLM. 10% by IFC and 1% to be given to staff. That's a guarenteed 60% subscription rate. 40% left. When the results come my main interest will be how much of that 40% percent will be taken up. Not much i think.
On a lighter note. At least with the 1% of shares being given to the employees the CEO will finally have some shares. lol. Where does it say employees will get 1% of the shares? Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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http://www.nation.co.ke/...66/-/sypp14/-/index.htmlThe investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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youcan'tstopusnow wrote:Aguytrying wrote:
On a lighter note. At least with the 1% of shares being given to the employees the CEO will finally have some shares. lol.
I'm sure atakataa! The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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the deal wrote:.... it's such a shame that SIB produced such kind of crap just because they're getting paid by KQ... Could SIB put their reputation on the line because of KES 1 M only that they will recieve as a Lead Sponsoring Stockbroker, I doubt! N'way, which are the bits that you found as crap?
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Rank: Chief Joined: 1/3/2007 Posts: 18,110 Location: Nairobi
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mwekez@ji wrote:the deal wrote:.... it's such a shame that SIB produced such kind of crap just because they're getting paid by KQ... Could SIB put their reputation on the line because of KES 1 M only that they will recieve as a Lead Sponsoring Stockbroker, I doubt! N'way, which are the bits that you found as crap? The money is from the sale of shares to IFC, etc (see the expenses associated with the Offer). If SIB & CFC share the loot from GoK & KLM = KES 150mn way more than KES 1mn Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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VituVingiSana wrote:mwekez@ji wrote:the deal wrote:.... it's such a shame that SIB produced such kind of crap just because they're getting paid by KQ... Could SIB put their reputation on the line because of KES 1 M only that they will recieve as a Lead Sponsoring Stockbroker, I doubt! N'way, which are the bits that you found as crap? The money is from the sale of shares to IFC, etc (see the expenses associated with the Offer). If SIB & CFC share the loot from GoK & KLM = KES 150mn way more than KES 1mn Yeah, the real money is in the placement commission that are at the disposal of ALL brokers. If the 2 are acting for KLM and GOK, then they get 50% of the total placement commission as you rightly put it. However, if they are not the ones acting for GOK and KLM, …
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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mwekez@ji wrote:VituVingiSana wrote:mwekez@ji wrote:the deal wrote:.... it's such a shame that SIB produced such kind of crap just because they're getting paid by KQ... Could SIB put their reputation on the line because of KES 1 M only that they will recieve as a Lead Sponsoring Stockbroker, I doubt! N'way, which are the bits that you found as crap? The money is from the sale of shares to IFC, etc (see the expenses associated with the Offer). If SIB & CFC share the loot from GoK & KLM = KES 150mn way more than KES 1mn Yeah, the real money is in the placement commission that are at the disposal of ALL brokers. If the 2 are acting for KLM and GOK, then they get 50% of the total placement commission as you rightly put it. However, if they are not the ones acting for GOK and KLM, … Looks like SIB are the broker for GOK in this rights issue. They are smiling while other brokers are protesting
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Rank: User Joined: 1/24/2012 Posts: 1,675 Location: In Da Hood
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mwekez@ji wrote:mwekez@ji wrote:VituVingiSana wrote:mwekez@ji wrote:the deal wrote:.... it's such a shame that SIB produced such kind of crap just because they're getting paid by KQ... Could SIB put their reputation on the line because of KES 1 M only that they will recieve as a Lead Sponsoring Stockbroker, I doubt! N'way, which are the bits that you found as crap? The money is from the sale of shares to IFC, etc (see the expenses associated with the Offer). If SIB & CFC share the loot from GoK & KLM = KES 150mn way more than KES 1mn Yeah, the real money is in the placement commission that are at the disposal of ALL brokers. If the 2 are acting for KLM and GOK, then they get 50% of the total placement commission as you rightly put it. However, if they are not the ones acting for GOK and KLM, … Looks like SIB are the broker for GOK in this rights issue. They are smiling while other brokers are protesting its good to know people
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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QW25091985 wrote:its good to know people Elaborate
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Rank: Chief Joined: 1/3/2007 Posts: 18,110 Location: Nairobi
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Was I right or was I was right? http://www.businessdaily.../-/tnhkfyz/-/index.html
One broker gets the commission for 'selling' shares to GoK when GoK is ALREADY on the Board of Directors!!! WTF??? I tell you the broker in question is a SCAM ARTIST... How does GoK (which has a DIRECTORSHIP on the Board of KQ) pay a broker who simply stamps a form on behalf of GoK. There should be a DIRECT application to KQ by GoK. Kwani, the representative director can't give a form in at the Board Meeting? Or send a messenger to CRS? Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 9/29/2006 Posts: 2,570
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May be there are some rules/regulations being applied barring "insider" trading. I haveNot read the attachment. The opposite of courage is not cowardice, it's conformity.
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