KQ’s bankers ease loan terms as carrier eyes Sh60bn bailout
http://www.businessdaily...8/-/xqcpgh/-/index.html
Good news for KQ but which banks have lent to KQ?
That's $250,000,000 in NPLs. Some loans will be restructured but there's a price to pay in lost cashflow (repayments), opportunity cost and potential write-offs.
Have the loans to KQ been classified as NPLs?
Have they been provided for?
When will they be taken into the P&L?
Or is the can being kicked down the road 2-5 years from now?
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett