What does the next 12months look like for a retail investor who entered this stock at 5bob this year? Looking for some commentary on the share price and rights issue options. Thanks

Bwana @Obiero how do you arrive at this? Based on what valuation metric? PE Rato...Price To Book Value Ratio post balance sheet restructuring? I think the KQ stock is overvalued at the moment...it should be trading at around Ksh3-4...are you happy that GoK is now a majority shareholder? Given the track record of African Government owned airlines are you not scared?

I'm not scared, as I am in both governments. I'll explain later.. Meanwhile, for the KES 8.5, I arrived there via indicative conversion price of KES 2.13 consolidated on a ratio of 1:4.. All the ordinary shares will be listed at the NSE. Hence, if the converted shares trade at KES 8.5, why would the minority stake trade any lower??

@Obiero - Do you have a detailed breakdown of which banks are exposed to Kenya Airways? And what amounts?

I have Equity, I&M, NIC & DTB in varying amounts. I hope 100% of their exposure to KQ has been NPL'd.

@deal has it...8.5 would be an overpayment. Minority shareholders will gain on value but lose on market price...@obiero is mixing the two.

I find that the restructuring has too many moving parts more so on the part where KLM is concerned. Seems like a 'leap of faith' kind of plan.

http://www.businessdaily...19160-g0ihvm/index.html

Some commercial banks that national carrier Kenya Airways owes billions of shillings are holding out against the just-released rescue plan, putting the deal that offers the lenders a substantial stake in the airline at the risk of collapse.

Fake news. This thing is signed sealed delivered

Quite gloomy if u stick inside and wait to be properly clobbered by dilution** after kuslim.
You can only lay a claim to less than 5% of anything called this firm after the deal is sealed if you won't participate in the share offer deal whose pricing is yet to be determined and still a deal without guarantee to be favourable considering you will have to have a control of a further nothing.
Thereafter you will be in bed with partners whose interests are secured and may care less for your little concerns anyway. It's like being driven home by an exmathare. In case of winding up, thereafter in the given time, u will most and most definitely u end up Bing shafted twice and left high and dry.
Further going by the current composition u will be worth something like 25cents for each kathing you own. Tafakari hayo.
And why ask if you can read what's in black and white so far?

Joining @Obieros choir? @snifdog, sniff alittle of this seriocomical hilarious choir and see it lacks in substance andif tunes. If only the choir master could tell you all his other members are scheming on naivety and ignorant congregants.
A poem is met to be digested and be internalized not to tantalize and lure unwitting passersby to slaughter.
@obi please why not answer @snifadog without throwing unnecessary tantrums and innuendos and let him decide has a sober investor as is the spirit of this fora.