Wazua
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Kenya Airways...why ignore.. end 2025
Rank: Elder Joined: 6/23/2009 Posts: 14,477 Location: nairobi
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obiero wrote:obiero wrote:Significant loss loading To those that will be reading this in future, note that this was intelligent speculation. A sojourn 10.5B operating profit https://www.reuters.com/...-profit-2023-2024-03-26/ COOP 306,100 ABP 31.96, KEGN 112,100 ABP 10.64, MTNU 131,000 ABP 10.21
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Rank: Chief Joined: 1/3/2007 Posts: 18,439 Location: Nairobi
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How Kenya Airways passengers lost Sh4.3 billion on ticket expiry breach https://www.businessdail...llion-on-ticket--4587528Greedy 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: 14,477 Location: nairobi
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Kenya Airways to be sold before end of October 2024.. https://www.citizen.digi...s-in-equity-deal-n340270 COOP 306,100 ABP 31.96, KEGN 112,100 ABP 10.64, MTNU 131,000 ABP 10.21
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Rank: Chief Joined: 1/3/2007 Posts: 18,439 Location: Nairobi
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[quote=obiero]Kenya Airways to be sold before end of October 2024.. https://www.citizen.digi...-in-equity-deal-n340270[/quote] It does NOT say that KQ will be sold but 49% of the shares may be sold to a foreign investor. The details are hazy. Given the complexity of the transaction, unless a lot of the legwork has been done, it is unlikely to close by Oct 2024. KQ has a new FF program (Asante) so it does seem it is getting ready to get a new partner. Since KQ needs cash, it is likely that an investor with cash to pump in will be sought i.e. new shares issued vs a sale of existing shares. The catch is what happens to the massive debt? Will GoK take it on? OR will the "Old" KQ still keep it on its books but become a 51% shareholders of "New" KQ? What about the leased planes? Will New KQ take them over? What is certain is that the minority shareholders eg @Obiero will have to be content with a "dilution" of their shareholding. 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: 14,477 Location: nairobi
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VituVingiSana wrote:[quote=obiero]Kenya Airways to be sold before end of October 2024.. https://www.citizen.digi...-in-equity-deal-n340270[/quote] It does NOT say that KQ will be sold but 49% of the shares may be sold to a foreign investor. The details are hazy. Given the complexity of the transaction, unless a lot of the legwork has been done, it is unlikely to close by Oct 2024. KQ has a new FF program (Asante) so it does seem it is getting ready to get a new partner. Since KQ needs cash, it is likely that an investor with cash to pump in will be sought i.e. new shares issued vs a sale of existing shares. The catch is what happens to the massive debt? Will GoK take it on? OR will the "Old" KQ still keep it on its books but become a 51% shareholders of "New" KQ? What about the leased planes? Will New KQ take them over? What is certain is that the minority shareholders eg @Obiero will have to be content with a "dilution" of their shareholding. I have been within the discussion rooms in this matter and let me tell you that the Open Offer remains on the table COOP 306,100 ABP 31.96, KEGN 112,100 ABP 10.64, MTNU 131,000 ABP 10.21
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Rank: Chief Joined: 1/3/2007 Posts: 18,439 Location: Nairobi
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obiero wrote:VituVingiSana wrote:[quote=obiero]Kenya Airways to be sold before end of October 2024.. https://www.citizen.digi...-in-equity-deal-n340270[/quote] It does NOT say that KQ will be sold but 49% of the shares may be sold to a foreign investor. The details are hazy. Given the complexity of the transaction, unless a lot of the legwork has been done, it is unlikely to close by Oct 2024. KQ has a new FF program (Asante) so it does seem it is getting ready to get a new partner. Since KQ needs cash, it is likely that an investor with cash to pump in will be sought i.e. new shares issued vs a sale of existing shares. The catch is what happens to the massive debt? Will GoK take it on? OR will the "Old" KQ still keep it on its books but become a 51% shareholders of "New" KQ? What about the leased planes? Will New KQ take them over? What is certain is that the minority shareholders eg @Obiero will have to be content with a "dilution" of their shareholding. I have been within the discussion rooms in this matter and let me tell you that the Open Offer remains on the table Good Luck... 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: 14,477 Location: nairobi
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VituVingiSana wrote:obiero wrote:VituVingiSana wrote:[quote=obiero]Kenya Airways to be sold before end of October 2024.. https://www.citizen.digi...-in-equity-deal-n340270[/quote] It does NOT say that KQ will be sold but 49% of the shares may be sold to a foreign investor. The details are hazy. Given the complexity of the transaction, unless a lot of the legwork has been done, it is unlikely to close by Oct 2024. KQ has a new FF program (Asante) so it does seem it is getting ready to get a new partner. Since KQ needs cash, it is likely that an investor with cash to pump in will be sought i.e. new shares issued vs a sale of existing shares. The catch is what happens to the massive debt? Will GoK take it on? OR will the "Old" KQ still keep it on its books but become a 51% shareholders of "New" KQ? What about the leased planes? Will New KQ take them over? What is certain is that the minority shareholders eg @Obiero will have to be content with a "dilution" of their shareholding. I have been within the discussion rooms in this matter and let me tell you that the Open Offer remains on the table Good Luck... USD 1.5B recapitalization. Hope is eternal COOP 306,100 ABP 31.96, KEGN 112,100 ABP 10.64, MTNU 131,000 ABP 10.21
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Rank: Elder Joined: 6/23/2009 Posts: 14,477 Location: nairobi
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Joy comes in the morning. Finally profitable COOP 306,100 ABP 31.96, KEGN 112,100 ABP 10.64, MTNU 131,000 ABP 10.21
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Rank: Veteran Joined: 8/10/2014 Posts: 992 Location: Kenya
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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.
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Rank: Elder Joined: 6/23/2009 Posts: 14,477 Location: nairobi
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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 COOP 306,100 ABP 31.96, KEGN 112,100 ABP 10.64, MTNU 131,000 ABP 10.21
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Kenya Airways...why ignore.. end 2025
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