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Kenya airways Right Issue
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QW25091985
#331 Posted : Thursday, May 31, 2012 9:14:10 AM
Rank: User

Joined: 1/24/2012
Posts: 1,675
Location: In Da Hood
rumours !!!!!!!!!
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mwekez@ji
#332 Posted : Thursday, May 31, 2012 10:19:47 AM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
Pierce wrote:
mwekez@ji wrote:
KQ achieves 77% subscription rate

http://www.businessdailyafrica..../-/14jtcb6z/-/index.html

*impressive*





If this is the case, KQ has exceeded my expectation.


... and it could further exceed our expectations

The same source also said that the airline was close to concluding a deal with an international investment group but found itself out of time vis a vis the initially set announcement date of 30th May
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VituVingiSana
#333 Posted : Thursday, May 31, 2012 10:30:03 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,375
Location: Nairobi
mwekez@ji wrote:
Pierce wrote:
mwekez@ji wrote:
KQ achieves 77% subscription rate

http://www.businessdailyafrica..../-/14jtcb6z/-/index.html

*impressive*


If this is the case, KQ has exceeded my expectation.


... and it could further exceed our expectations

The same source also said that the airline was close to concluding a deal with an international investment group but found itself out of time vis a vis the initially set announcement date of 30th May
Isn't that a mockery of the 'closing' date for submission of applications? Why not then just have an open-ended Offer to accept applications until the entire amount is raised?
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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VituVingiSana
#334 Posted : Wednesday, June 06, 2012 12:20:14 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,375
Location: Nairobi
77% subscription & only because GoK is taking 28% (up from 23%). Something stinks.

http://www.nation.co.ke/...0/-/13tts7m/-/index.html
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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hisah
#335 Posted : Wednesday, June 06, 2012 7:12:35 AM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
[quote=VituVingiSana]77% subscription & only because GoK is taking 28% (up from 23%). Something stinks.

http://www.nation.co.ke/.../-/13tts7m/-/index.html[/quote]

I called it rights issue from hell some time back when I was caught offguard after trying to trade it at 17/- this year. I can see the small hell is now a big hell. I thought the delay was due to some international investors last minute payments... This is one murky rights issue.
In the meantime read about Qantas, which said its profits will slide by 90% as the airline industry continues to bleed this year. Its stock has been duly hammered. Back in March 2012, IATA warned that many airlines could go bust by Q4 2012 due to high fuel bills & currency volatility. I'm sure KQ is not special & the same will bite hard on their revenues. The effect of the rights dilution and revenue shrinkage will hammer this stock below 10/-. Don't forget that Virgin has also pulled out of KE citing high fuel costs, taxes & drop in passenger numbers.

Qantas profit warning - www.bbc.co.uk/news/business-18327652


Virgin pulls out of KE - www.telegraph.co.uk/trav...-pulls-out-of-Kenya.html

Interesting read - www.telegraph.co.uk/trav...-globe-for-tourists.html

$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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  | | Edit by user: Wednesday, June 06, 2012 7:46 AM | Reason: Not specified
QW25091985
#336 Posted : Wednesday, June 06, 2012 7:51:36 AM
Rank: User

Joined: 1/24/2012
Posts: 1,675
Location: In Da Hood
77% subscription isnt bad !pretty good

thought it would be bad ! . lets see market reaction today !
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mwekez@ji
#337 Posted : Wednesday, June 06, 2012 7:59:37 AM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
VituVingiSana wrote:
The announcement has been delayed to 6th June.


and again, now to 8th June
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mwekez@ji
#338 Posted : Wednesday, June 06, 2012 8:04:50 AM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
VituVingiSana wrote:
77% subscription & only because GoK is taking 28% (up from 23%). Something stinks.

http://www.nation.co.ke/News/St...0/-/13tts7m/-/index.html



Gok and KLM applied for all their rights. Wanjiku dint. Dilution of wanjiku is the outcome. Nothing stinking in that!
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mlennyma
#339 Posted : Wednesday, June 06, 2012 8:09:12 AM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
This monkey will see 40bob after 10yrs
"Don't let the fear of losing be greater than the excitement of winning."
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sparkly
#340 Posted : Wednesday, June 06, 2012 3:06:56 PM
Rank: Elder

Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
mlennyma wrote:
This monkey will see 40bob after 10yrs


Shame on you Shame on you Shame on you Shame on you You are the kind of people we don't want talking about our KQ stock. Inshallah we will see 25 by the end of the year.
Life is short. Live passionately.
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