VituVingiSana wrote:LOL... I think KQ should de-list ;-)
What happens is that there is no market for the shares thus we wait for 10 years thereafter!
IMHO, if KQ can stay on the straight & narrow... moderate the growth to match its cash availability... then the EPS could be 20/year (or better in 10 years)...
The purchase of 9 Dreamliners at a cost of between Ksh 17.5 - 20B each (thats abt Ksh 160-180B Capital requirement) should really depress dividends for a long time to come as they service the debt. Seems the rights issue proceeds will only be enough (if they manage to raise the cash) for the down payment of the 9 Dream liners.
I think KQ may be bitting more than it can chew.....should have done a gradual acquisition of the planes.
Anyway, time will tell.
Happy Hunting.
x handle: @stocksmaster79