chiaroscuro wrote:I would only accept KQ shares if some one paid me Sh25 to take. Yaahi - unilipe halafu nichukue shares zako!
This thing has a NAV of -Sh23! Look at the BS: Total Equity = NEGATIVE 33bn.
You must be very hopeful to imagine that it will ever recover!
The great question is why the share has been allowed to trade even though it does not meet basic listing requirements of solvency.
Greedy Kenyan "investors" are flocking to buy KQ shares when they here that Kirubi has bought. The guy was asked about it on JKL and he said he's not aware of the purchase. "you know I have a team that looks after small purchases - they don't have to tell me every time the spend a few million shillings"! I'm quite sure some one lost a job the following morning.
That's not true now. He knew about his purchase and was even physically present at media briefings. Anyhow, we don't benchmark on Kirubi. Finally, stating that KQ will never recover is an obscenity. Remember KCB in 2004 made a loss of KES 4.3b
COOP 306,100 ABP 31.96, KEGN 112,100 ABP 10.64, MTNU 131,000 ABP 10.21