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Kenya Airways...why ignore..
Rank: Elder Joined: 6/23/2009 Posts: 14,296 Location: nairobi
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sparkly wrote:Spikes wrote:ProverB wrote:Shak wrote:Ericsson wrote:http://kenyanwallstreet.com/kenya-airways-gets-govt-approval-seek-sh-77-billion-syndicated-loan
According to Citizen TV, Kenya’s cabinet has approved a proposal by Kenya Airways (KQ) to seek a syndicated loan of Sh77 billion from US Based Export-Import Bank and a group of local banks.
Citizen TV reports that the cabinet met last week and gave the go ahead with assurance that it would act as the airline’s guarantor. In the proposal, KQ will seek Sh54 billion from the export-import bank of the United States while the balance of Sh 23 Billion will be given by a few local banks.
The media house further reported that the Cabinet had also “approved the conversion of its Sh4.2 billion current loan to KQ to be converted into equity, a move that would likely see an increase in its shareholding going forward.”
The loan request by the airline is however expected to go through a final approval by the national assembly in the interest of tax-payers whereby the Government owns 29.8 percent. So is the Rights issue on course or is this a case of fake news? They need all the money they can get and at the same time, they cannot keep being bridled by financial costs. So begs the question...what is the cheapest source of long term financing? Rights Issue..as a matter of prudence..is very much on the table Issue is, public perception..rights issue might flop horribly. What of issuing commercial paper on NSE, or even cross listed? Oh the crap of this counter.  Rights issue wouldn't flop as we've reliable minds at the top of leadership! At least over 80% subscription can be possibly achieved. The 20% untaken rights can be bought later on by international or local institutional inventors. There is so much hope in this stock for now but a rally will take a year or so to start. @Spikes how many shares do you have in KQ? You sound too hopeful. Please avoid entertaining the clown.. He says KQ is dying in one post and then praises it to high heaven in another post.. Watermelonic. Fact is that a dilution is coming whether by rights issue, bond or debt conversion.. The least impact would be to convert existing debts to equity and the company confirms today via no less than its Chairman, that its the chosen path. Good times ahead! As for the false claim of oversupply upon rally, less than 15% of KQ shares are freely traded at the NSE.. No more than 2m shares have ever been traded in a single trading day for the last few years. The deluge from Mike Macharia, Chris Kirubi and company will only come at KES 14 or more as the kahoonas mistakenly or otherwise, defended the past rights at that price. Thank me later COOP, IMH, KEGN, KQ, MTNU
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Rank: Elder Joined: 6/23/2009 Posts: 14,296 Location: nairobi
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COOP, IMH, KEGN, KQ, MTNU
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Rank: Elder Joined: 9/20/2015 Posts: 2,811 Location: Mombasa
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obiero wrote:sparkly wrote:Spikes wrote:ProverB wrote:Shak wrote:Ericsson wrote:http://kenyanwallstreet.com/kenya-airways-gets-govt-approval-seek-sh-77-billion-syndicated-loan
According to Citizen TV, Kenya’s cabinet has approved a proposal by Kenya Airways (KQ) to seek a syndicated loan of Sh77 billion from US Based Export-Import Bank and a group of local banks.
Citizen TV reports that the cabinet met last week and gave the go ahead with assurance that it would act as the airline’s guarantor. In the proposal, KQ will seek Sh54 billion from the export-import bank of the United States while the balance of Sh 23 Billion will be given by a few local banks.
The media house further reported that the Cabinet had also “approved the conversion of its Sh4.2 billion current loan to KQ to be converted into equity, a move that would likely see an increase in its shareholding going forward.”
The loan request by the airline is however expected to go through a final approval by the national assembly in the interest of tax-payers whereby the Government owns 29.8 percent. So is the Rights issue on course or is this a case of fake news? They need all the money they can get and at the same time, they cannot keep being bridled by financial costs. So begs the question...what is the cheapest source of long term financing? Rights Issue..as a matter of prudence..is very much on the table Issue is, public perception..rights issue might flop horribly. What of issuing commercial paper on NSE, or even cross listed? Oh the crap of this counter. Rights issue wouldn't flop as we've reliable minds at the top of leadership! At least over 80% subscription can be possibly achieved. The 20% untaken rights can be bought later on by international or local institutional inventors. There is so much hope in this stock for now but a rally will take a year or so to start. @Spikes how many shares do you have in KQ? You sound too hopeful. Please avoid entertaining the clown.. He says KQ is dying in one post and then praises it to high heaven in another post.. Watermelonic. Fact is that a dilution is coming whether by rights issue, bond or debt conversion.. The least impact would be to convert existing debts to equity and the company confirms today via no less than its Chairman, that its the chosen path. Good times ahead! As for the false claim of oversupply upon rally, less than 15% of KQ shares are freely traded at the NSE.. No more than 2m shares have ever been traded in a single trading day for the last few years. The deluge from Mike Macharia, Chris Kirubi and company will only come at KES 14 or more as the kahoonas mistakenly or otherwise, defended the past rights at that price. Thank me later With your futile derogatory response, when are you going to exit ? John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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Rank: Elder Joined: 6/23/2009 Posts: 14,296 Location: nairobi
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Spikes wrote:obiero wrote:sparkly wrote:Spikes wrote:ProverB wrote:Shak wrote:Ericsson wrote:http://kenyanwallstreet.com/kenya-airways-gets-govt-approval-seek-sh-77-billion-syndicated-loan
According to Citizen TV, Kenya’s cabinet has approved a proposal by Kenya Airways (KQ) to seek a syndicated loan of Sh77 billion from US Based Export-Import Bank and a group of local banks.
Citizen TV reports that the cabinet met last week and gave the go ahead with assurance that it would act as the airline’s guarantor. In the proposal, KQ will seek Sh54 billion from the export-import bank of the United States while the balance of Sh 23 Billion will be given by a few local banks.
The media house further reported that the Cabinet had also “approved the conversion of its Sh4.2 billion current loan to KQ to be converted into equity, a move that would likely see an increase in its shareholding going forward.”
The loan request by the airline is however expected to go through a final approval by the national assembly in the interest of tax-payers whereby the Government owns 29.8 percent. So is the Rights issue on course or is this a case of fake news? They need all the money they can get and at the same time, they cannot keep being bridled by financial costs. So begs the question...what is the cheapest source of long term financing? Rights Issue..as a matter of prudence..is very much on the table Issue is, public perception..rights issue might flop horribly. What of issuing commercial paper on NSE, or even cross listed? Oh the crap of this counter. Rights issue wouldn't flop as we've reliable minds at the top of leadership! At least over 80% subscription can be possibly achieved. The 20% untaken rights can be bought later on by international or local institutional inventors. There is so much hope in this stock for now but a rally will take a year or so to start. @Spikes how many shares do you have in KQ? You sound too hopeful. Please avoid entertaining the clown.. He says KQ is dying in one post and then praises it to high heaven in another post.. Watermelonic. Fact is that a dilution is coming whether by rights issue, bond or debt conversion.. The least impact would be to convert existing debts to equity and the company confirms today via no less than its Chairman, that its the chosen path. Good times ahead! As for the false claim of oversupply upon rally, less than 15% of KQ shares are freely traded at the NSE.. No more than 2m shares have ever been traded in a single trading day for the last few years. The deluge from Mike Macharia, Chris Kirubi and company will only come at KES 14 or more as the kahoonas mistakenly or otherwise, defended the past rights at that price. Thank me later With your futile derogatory response, when are you going to exit ? @spikes.. KQ was last year's top gainer at the NSE, this year shall be the same, but with increased multiples. Up 44% from February 2017 to date http://kenyanwallstreet....-billion-syndicated-loan COOP, IMH, KEGN, KQ, MTNU
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Rank: User Joined: 8/15/2013 Posts: 13,237 Location: Vacuum
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If Obiero did it, Who Am I?
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Rank: Elder Joined: 6/23/2009 Posts: 14,296 Location: nairobi
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LOL COOP, IMH, KEGN, KQ, MTNU
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Rank: Elder Joined: 12/4/2009 Posts: 10,816 Location: NAIROBI
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KLM rejected the issue of a rights issue that's why KQ is taking a syndicate loan. After conversion of the loan into equity GoK will have a controlling stake and its shareholding would rise to above 40% Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 6/23/2009 Posts: 14,296 Location: nairobi
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Ericsson wrote:KLM rejected the issue of a rights issue that's why KQ is taking a syndicate loan. A rights issue would never have worked.. Would the tenor adjustment be really termed as syndication COOP, IMH, KEGN, KQ, MTNU
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Rank: Elder Joined: 12/4/2009 Posts: 10,816 Location: NAIROBI
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obiero wrote:Ericsson wrote:KLM rejected the issue of a rights issue that's why KQ is taking a syndicate loan. A rights issue would never have worked.. Would the tenor adjustment be really termed as syndication Syndicate means it's a consortium of banks coming together with one of them as the lead arranger Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 6/23/2009 Posts: 14,296 Location: nairobi
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Ericsson wrote:obiero wrote:Ericsson wrote:KLM rejected the issue of a rights issue that's why KQ is taking a syndicate loan. A rights issue would never have worked.. Would the tenor adjustment be really termed as syndication Syndicate means it's a consortium of banks coming together with one of them as the lead arranger Aha! Cool.. We now watch the share COOP, IMH, KEGN, KQ, MTNU
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