[quote=QW25091985]obviously iko sinda !

Under-Subscription pap ![/quote]

maybe the books havenot been cooked enough , lol

[quote=hisah][quote=VituVingiSana]The announcement has been delayed to 6th June.[/quote]
At the 11th hour?!
@deal - remember my rights from hell exclamation? I hope it doesn't come to pass.[/quote]
I think KQ has hired Kivuitu to 'manage' the process!

Results from the rights issue will now be announced on June 6, the same day that KQ is expected to release its full year ending march.

http://www.businessdailyafrica.com/Kenya+Airways+rights+issue+attains+minimum+sale+target+/-/539552/1417026/-/14jtcb6z/-/index.html

@mastermind Financial Results (FY 2012) to be announced on 14 June 2012 according to the calendar. Has it been pushed up?

[quote=Mastermind][quote=VituVingiSana]@mastermind Financial Results (FY 2012) to be announced on 14 June 2012 according to the calendar. Has it been pushed up?[/quote]

I don't know but thats what the article says.[/quote]

@Mastermind, KQ website has a calendar showing 14 June 2012. N'way, if they announce earlier it will be better

rumours !!!!!!!!!

[quote=mwekez@ji][quote=Pierce][quote=mwekez@ji]KQ achieves 77% subscription rate

http://www.businessdailyafrica..../-/14jtcb6z/-/index.html

*impressive*
[/quote]

If this is the case, KQ has exceeded my expectation.[/quote]

... and it could further exceed our expectations

The same source also said that the airline was close to concluding a deal with an international investment group but found itself out of time vis a vis the initially set announcement date of 30th May[/quote]Isn't that a mockery of the 'closing' date for submission of applications? Why not then just have an open-ended Offer to accept applications until the entire amount is raised?

[quote=VituVingiSana]77% subscription & only because GoK is taking 28% (up from 23%). Something stinks.

http://www.nation.co.ke/News/State+s+stake+in+KQ+up+as+Kenyans+shun+shares+/-/1056/1421490/-/13tts7m/-/index.html[/quote]

I called it rights issue from hell some time back when I was caught offguard after trying to trade it at 17/- this year. I can see the small hell is now a big hell. I thought the delay was due to some international investors last minute payments... This is one murky rights issue.
In the meantime read about Qantas, which said its profits will slide by 90% as the airline industry continues to bleed this year. Its stock has been duly hammered. Back in March 2012, IATA warned that many airlines could go bust by Q4 2012 due to high fuel bills & currency volatility. I'm sure KQ is not special & the same will bite hard on their revenues. The effect of the rights dilution and revenue shrinkage will hammer this stock below 10/-. Don't forget that Virgin has also pulled out of KE citing high fuel costs, taxes & drop in passenger numbers.

Qantas profit warning - www.bbc.co.uk/news/business-18327652


Virgin pulls out of KE - www.telegraph.co.uk/travel/travelnews/9270333/Virgin-Atlantic-pulls-out-of-Kenya.html

Interesting read - www.telegraph.co.uk/travel/9190508/The-shrinking-holiday-globe-for-tourists.html

[quote=VituVingiSana]The announcement has been delayed to 6th June.[/quote]

and again, now to 8th June

This monkey will see 40bob after 10yrs