Wazua
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Kenya Airways...why ignore..
Rank: Elder Joined: 6/23/2009 Posts: 14,216 Location: nairobi
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The exchange bar confirms KQ Lenders Co Ltd have rejected minority shareholders Open Offer at KES 1.8 with 5:1 ratio suggesting that the number of issued shares proposed being 813,160,565 shall weigh down quick price appreciation and have counterproposed KES 3.1 at 3:1 implying 487,896,339. Luckily Michael Joseph, Sebastian, GoK as well as KLM are batting on the minority shareholders team
KQ ABP 4.26
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Rank: Elder Joined: 6/23/2009 Posts: 14,216 Location: nairobi
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ArrestedDev wrote:obiero wrote:Ericsson wrote:obiero wrote:ProverB wrote:A dilution close to 20times what one holds.. A parachute offered of 4:1 at an additional cost of 1.80 per share.. A company that is still in the red despite sigh of relief from improved margins..though revenues are flat. And we expect rapid rise in share price?  1. Irrational exuberance on part of shareholders. 2. Ukiritimba.. Whatever that means..on part of KQ. Nevertheless, carry on. KQ will be good for those who come in later to collect the pieces..but not existing shareholders. Strictly talking shares trading.. Lessons from safaricom upon listing.. Volume of shares available for trading slumped share price for a long while despite good fundamentals. Large volumes of KQ shares available as of 29th will have to be wiped out by larger buyers to ensure demand always outweighs supply for the share price to go up. Unless all existing shareholders REFUSE to sell..rise in share price ni uchawi. There should be a refusal to sell for any price below KES 21.50 per share, unless the Open Offer details are rolled out before 29.11.2017 Open offer/rights issue for KQ probably next year. ksh.21.50 per share on 29.11.2017 ni ndoto hiyo. Are we saying that KQ will be worth more than KCB in terms of market capitalisation in the NSE. 5.822bn shares *ksh.21.5= The company is just from announcing HY loss of ksh.3.8bn after tax. 29.11.2017 my prediction is KQ will be trading at between 1.50-2.00 per share That's where you go wrong, quick math will show you that the banks converted debt to equity at a given sum total based on KES 2.13 per share which was then split at a ratio of 1:4 giving rise to the new floor of KES 8.52.. It's practically impossible for any sane existing investor to trade at any sum below KES 8.52.. Am I deluded or extremely wise.. Meanwhile KQ now has the most vibrant board at the NSE http://www.businessdaily...966-14hskl1z/index.html
I previously mentioned Oduor Otieno in this forum. He has a track record that can be vouched. Carol Musyoka is also an intelligent lady. @proverb still thinks it is uchawi or ukiritimba?? 5 days of maximum gains and counting.. Let's spare a moment to think of the trader who bought at KES 2.10 just five days ago now up 614%
KQ ABP 4.26
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Rank: Elder Joined: 12/4/2009 Posts: 10,804 Location: NAIROBI
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obiero wrote:The exchange bar confirms KQ Lenders Co Ltd have rejected minority shareholders Open Offer at KES 1.8 with 5:1 ratio suggesting that the number of issued shares proposed being 813,160,565 shall weigh down quick price appreciation and have counterproposed KES 3.1 at 3:1 implying 487,896,339. Luckily Michael Joseph, Sebastian, GoK as well as KLM are batting on the minority shareholders team Waah Already push and pull imeanza. KQ lenders want to cash out very fast and don't want their plans derailed Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 6/23/2009 Posts: 14,216 Location: nairobi
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Ericsson wrote:obiero wrote:The exchange bar confirms KQ Lenders Co Ltd have rejected minority shareholders Open Offer at KES 1.8 with 5:1 ratio suggesting that the number of issued shares proposed being 813,160,565 shall weigh down quick price appreciation and have counterproposed KES 3.1 at 3:1 implying 487,896,339. Luckily Michael Joseph, Sebastian, GoK as well as KLM are batting on the minority shareholders team Waah Already push and pull imeanza. KQ lenders want to cash out very fast and don't want their plans derailed It was bound to happen.. Good thing is that the EGM resolution was binding upon the board to decide in the best interest of the minority shareholders.. What KQ Lenders Co Ltd are doing is lobbying
KQ ABP 4.26
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Rank: Elder Joined: 6/23/2009 Posts: 14,216 Location: nairobi
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obiero wrote:sparkly wrote:@Obiero please explain to me like to a little child why KQ is splitting shares, issuing worthless deferred shares. The deffered shares were necessary to get a low entry price of KES 2.13 which would be lower than prevailing market price. Thereafter a consolidation would hike the price past market value.. Meanwhile I can guarantee that most of the trades happening now on KQ are fictional. There's no logical reason for anyone who has been holding onto KQ to sell now and worse still to buy now while the Open Offer will give a massive discount Obiero always ahead of time
KQ ABP 4.26
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Rank: Elder Joined: 6/23/2009 Posts: 14,216 Location: nairobi
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Impunity wrote:Am glad I got my haircut at kes 4.60.
I will be back sub 2 bob. Sub 2bob in which year? Or in which currency?
KQ ABP 4.26
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Rank: Chief Joined: 1/3/2007 Posts: 18,347 Location: Nairobi
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Ericsson wrote:Banks have been given an opportunity to recover their money plus interest they would have earned during the tenure of the loan Not really ie banks (KQ Lenders Co) owns billions of shares while the buyers are limited. Plus is KQ Lenders Co locked in? @obiero says no and then KLC should sell whatever they can! Half a loaf > None! KQLC has to lend more cash to KQ at preferential rates (2% I was told)... That’s an implicit haircut. The smart bank(er)s stayed away from lending to KQ. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 6/23/2009 Posts: 14,216 Location: nairobi
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VituVingiSana wrote:Ericsson wrote:Banks have been given an opportunity to recover their money plus interest they would have earned during the tenure of the loan Not really ie banks (KQ Lenders Co) owns billions of shares while the buyers are limited. Plus is KQ Lenders Co locked in? @obiero says no and then KLC should sell whatever they can! Half a loaf > None! KQLC has to lend more cash to KQ at preferential rates (2% I was told)... That’s an implicit haircut. The smart bank(er)s stayed away from lending to KQ. All top 3 tier one banks are inside KQ Lenders Co Ltd.. KQ had 13 banks which were all willing to lend to the airline, while only KCB priced in the risk.. Meanwhile, there is no lock in period prior to sale of shares but the bankers know early disposal will sink the price.. Only minority shares are currently trading, the volumes show this
KQ ABP 4.26
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Rank: Elder Joined: 6/23/2009 Posts: 14,216 Location: nairobi
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obiero wrote:obiero wrote:obiero wrote:spikes wrote:obiero wrote:
I am tempted to buy at current price but I shall exercise restraint. Expect a continuous trip upwards to KES 18 upto release of the Open Offer circular followed by a rapid fall down immediately afterwards.. How low it will go shall be anyone's guess, but mine remains KES 12.5
@ obiero today you've given solid analysis. Keep the fire blazing. Though kes 18 is a pipedream. Let's talk about this same post on 08.12.2017 From where I stand, the pipedream is gaining momentum @spikes the so called pipedream of KES 18 is two trading sessions away. Today KES 15 has printed firmly Tomorrow market opens with KES 16.4 as KQ flies head first towards the so called pipedream of KES 18 as alleged by the clown @spikes.. Trading in shares requires deep understanding of trends
KQ ABP 4.26
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Rank: Elder Joined: 9/20/2015 Posts: 2,811 Location: Mombasa
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obiero wrote:obiero wrote:obiero wrote:obiero wrote:spikes wrote:obiero wrote:
I am tempted to buy at current price but I shall exercise restraint. Expect a continuous trip upwards to KES 18 upto release of the Open Offer circular followed by a rapid fall down immediately afterwards.. How low it will go shall be anyone's guess, but mine remains KES 12.5
@ obiero today you've given solid analysis. Keep the fire blazing. Though kes 18 is a pipedream. Let's talk about this same post on 08.12.2017 From where I stand, the pipedream is gaining momentum @spikes the so called pipedream of KES 18 is two trading sessions away. Today KES 15 has printed firmly Tomorrow market opens with KES 16.4 as KQ flies head first towards the so called pipedream of KES 18 as alleged by the clown @spikes.. Trading in shares requires deep understanding of trends This obnoxious bugger from great lakes region . A mere bugger without debonair. NKT! John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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