and i thought i was the only one who noticed that . Kumbe there's more than meets the eye !
then that esop plan id concluded in split seconds ! kk shareholders should feel cheated !
for me i better just invest in what i understand.

i agree the majority were given something better obviously to what they had in kk otherwise how would they agree to let go of such a good company but for the minority they are just left with nothing ! so bad .

@mjuaji wa stocks,do you think Stella will save KeiKei!?

@mjuaji - Suggestion.

If you (& your friends, chamas, SACCOs) offer s/holders a HIGHER price than Puma, then go see CMA, prepare a bid at a higher price, then ask s/holders for their shares.

Most Minority s/holders will sell to the highest bidder.

In my opinion, the following conditions have to be satisfied:

1) The Bid Price has to exceed the last traded price (In excess of 12.50)
2) The Bid Price has to exceed the NAV/share (after revaluation of ALL assets especially the real estate)
3) The Bid Price has to take into account a reasonable Price/Earnings Ratio [based on several factors including growth potential, stable (excludes one-off) earnings, long-term debt yields]

Segman has been a great manager & grown KK & its profits for years. He has the balls to fight corrupt managers & officials in MoE, KPC, KPRL, etc unlike most other OMCs. Compare to Total!

'Local' management has decimated s/holders in Kenya Airways. The Board of Directors (exclude goK & KLM) have less than 25,000 shares!!!

1) The shares trade 67% below NAV/Share.
2) The profitability varies wildly as they dabble in derivatives/hedges they know nothing about. Emirates does not mess around with hedging. They run the business, not the balance sheet!
3) The Directors & Management own very few shares in KQ but earn HUGE salaries & perks (free flights for family members) which are paid no matter what happens to profits or share price (Segman has 100mn+ options so share price is critical to him)

Please, please offer s/holders MORE than Puma. This will force them to increase the bid if they want to buy KK. If you (& your friends, chamas, SACCOs) 'win' then KK remains 'Kenyan' but minorities get paid a better price! Winners all around!

@Aguytrying Thank you for informing the paranoid masses..