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Kenya Airways...why ignore..
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obiero
#8961 Posted : Thursday, November 16, 2017 5:45:20 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,213
Location: nairobi
Spikes wrote:
Kusadikika wrote:
So what will the price be when this opens on Nov.29? Banks got shares at 2.13 so they can make a profit selling at 2.15. Who wants to hold shares when you can have cash?


There's upcoming consolidation in the ratio 4:1 which @ obiero asserts will skyrocket this crap from restructuring price of kes 2.13 to kes 8.52 on 29th Nov. Other schools of thought maintain a contrary opinion in which dust is expected to settle with a dip of kes 1.5 .

It must be noted that if the Open Offer ratio still remains a mystery, then pricing would be dependent only on the restructuring outcome which has already happened.. Ideally if the Open Offer is neatly packaged, KQ could even go on to touch KES 12 with ease.. Tomorrow morning we report live from the Pride Centre.. The countdown is on to your alleged KES 1.5 👍🏾

KQ ABP 4.26
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  | | Edit by user: Thursday, November 16, 2017 6:07 PM | Reason: Not specified
obiero
#8962 Posted : Thursday, November 16, 2017 7:40:11 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,213
Location: nairobi
obiero wrote:
Watch and learn..


@ericsson here is your answer to 29.9B issued shares.. it was not my forecast but a guideline from KQ itself

KQ ABP 4.26
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  | | Edit by user: Thursday, November 16, 2017 7:45 PM | Reason: Not specified
obiero
#8963 Posted : Thursday, November 16, 2017 7:48:42 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,213
Location: nairobi


Straight from the exchange bar.. Four new shares shall be offered for each share currently held by the minority shareholders, at a price of KES 1.8 per share.. Seems fair to me

KQ ABP 4.26
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  | | Edit by user: Thursday, November 16, 2017 9:48 PM | Reason: Not specified
VituVingiSana
#8964 Posted : Thursday, November 16, 2017 8:29:39 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,346
Location: Nairobi
Kusadikika wrote:
So what will the price be when this opens on Nov.29? Banks got shares at 2.13 so they can make a profit selling at 2.15. Who wants to hold shares when you can have cash?

Laughing out loudly Laughing out loudly Laughing out loudly 1% Capital Gains after all the drama! Laughing out loudly Laughing out loudly Laughing out loudly Let me have my ka-small dividend from Kenya Re!
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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HaMaina
#8965 Posted : Thursday, November 16, 2017 8:42:36 PM
Rank: Veteran

Joined: 4/23/2014
Posts: 931
VituVingiSana wrote:
Kusadikika wrote:
So what will the price be when this opens on Nov.29? Banks got shares at 2.13 so they can make a profit selling at 2.15. Who wants to hold shares when you can have cash?

Laughing out loudly Laughing out loudly Laughing out loudly 1% Capital Gains after all the drama! Laughing out loudly Laughing out loudly Laughing out loudly Let me have my ka-small dividend from Kenya Re!


Looks like just a clever way of clearing outstanding debt.
“You can get in way more trouble with a good idea than a bad idea, because you forget that the good idea has limits.” - Ben Graham
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Ericsson
#8966 Posted : Friday, November 17, 2017 8:20:51 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
Spikes wrote:
Kusadikika wrote:
So what will the price be when this opens on Nov.29? Banks got shares at 2.13 so they can make a profit selling at 2.15. Who wants to hold shares when you can have cash?


There's upcoming consolidation in the ratio 4:1 which @ obiero asserts will skyrocket this crap from restructuring price of kes 2.13 to kes 8.52 on 29th Nov. Other schools of thought maintain a contrary opinion in which dust is expected to settle with a dip of kes 1.5 .


There will be no consolidation.The list shown is final.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Ericsson
#8967 Posted : Friday, November 17, 2017 8:24:22 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
obiero wrote:


Straight from the exchange bar.. Four new shares shall be offered for each share currently held by the minority shareholders, at a price of KES 1.8 per share.. Seems fair to me


Slowly by slowly @Obiero is coming to the conclusion that ksh.8.52 per share on 29th November is a mirage
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Ericsson
#8968 Posted : Friday, November 17, 2017 8:26:23 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
Kusadikika wrote:
So what will the price be when this opens on Nov.29? Banks got shares at 2.13 so they can make a profit selling at 2.15. Who wants to hold shares when you can have cash?


@Kusadikika
Banks got the shares at sh.8 per share
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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VituVingiSana
#8969 Posted : Friday, November 17, 2017 9:52:35 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,346
Location: Nairobi
Ericsson wrote:
Kusadikika wrote:
So what will the price be when this opens on Nov.29? Banks got shares at 2.13 so they can make a profit selling at 2.15. Who wants to hold shares when you can have cash?


@Kusadikika
Banks got the shares at sh.8 per share

Wow! They got royally screwed. Plus they will be forced to loan even more money to KQ.
Jamii Bora got the best deal in the restructuring!
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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ProverB
#8970 Posted : Friday, November 17, 2017 10:50:47 AM
Rank: Veteran

Joined: 3/12/2010
Posts: 1,199
Location: Eastlander
Oyaa!!! Hold up a minute.
Total issued shares have jumped from 1.5billion to 30billion just like that and a bulk of that (to the banking company) is up for sale at market price should they opt to trade (core business of banks is not investing in stocks)..

Then, if you have 10,000 KQ shares, and do not wish to dilute your holding, they've offered you 40k new shares at sh1.80 but you need to buy close to an extra 130k shares, at market price (after 29th Nov) just to hold on to your proportion holding you had prior to restructuring?
d'oh!

#CrapStock
..Let your light so shine before men, that they may see your good works, and glorify your Father which is in heaven...Matt5:16
- 1769 Oxford King James Bible 'Authorized Version
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  | | Edit by user: Friday, November 17, 2017 10:58 AM | Reason: Not specified
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