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Kenya airways Right Issue
Rank: Chief Joined: 1/3/2007 Posts: 18,380 Location: Nairobi
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And yet they barely managed 70% despite 80% bring secured?  Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Chief Joined: 1/3/2007 Posts: 18,380 Location: Nairobi
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Sure wrote:sparkly wrote:[quote=Sure][b]KQ 16:5 rights will burn your fingures @sure what do you consider a fair valuation of KQ? @the deal was buying at 46 an year ago.
Fair value, book value, or market value? I would be comfortable with KQ if it trades at 9 shillings to become a dividend share if it keeps up with the 1/= DPS at least for the next 3 yrs so that we can have a clear picture of the implementation of the strategy they are putting in place. Those billions they are talking about might be too much for Naikuni to handle. Naikuni has been a director at EAPCC and we know what has been going on there. I have very little faith in him currently. EAPCC is in the dogs. KQ's share price is in the dogs. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Chief Joined: 1/3/2007 Posts: 18,380 Location: Nairobi
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mwekez@ji wrote:Cde Monomotapa wrote:mwekez@ji wrote:Cde Monomotapa wrote:Interesting. Shrewd way of securing a client for the longrun ;-) Indeed shrewd ... and wanjiku should derive some comfort from the underwriting True but this only means KCB might not hold as much cash for the period as I'd thought  too many Qualified Investors up in hurr! ROOOOOOAAAAAAAAARRRRRR, YOU, EBL, BBK and I&M have offered to provide loans to those shareholders willing to take up their rights Let's hope you didn't borrow coz the banks not you would have made money! Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Chief Joined: 1/3/2007 Posts: 18,380 Location: Nairobi
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guru267 wrote:mwekez@ji wrote:Post rights, the share should trade at a PE of >12 to reflect the expected future incomes. @mwekez@ji did you know the 20 billion KQ rights issue will not contribute to earnings in anyway.. It is merely a DOWN PAYMENT/DEPOSIT for the planes it wants to buy.. They need almost 300billion to get the planes they want.. What are the future expected earnings from companies like kenol, kengen, KCB and the rest?? These companies will do better than KQ will ever do in terms of growth and yet they all trade at a P/E of 5-6.. Going by this basis it literally means KQ may even have a P/E of 4 after the rights... PER of 4 was generous coz KQ promptly made a loss post-Rights of KES 6bn Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Chief Joined: 1/3/2007 Posts: 18,380 Location: Nairobi
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obiero wrote:cant touch this!!! DOA [dead on arrival] So @obiero has been making sensible predictions in 2012 too  Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Chief Joined: 1/3/2007 Posts: 18,380 Location: Nairobi
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mkeiy wrote:VituVingiSana wrote:cnn wrote:@ vvs,just accept this one has done you in,how much depends on what you bought it at....you have to feel for fellows who bought it in the 50s to 120s and who still hold it. Do I believe in the business? Yes. The share-price has been a major disappointment. Lucky for me, I changed/flipped over a good part of my portfolio to my *love* KK ;-) I will resume believing in this stock come Jan 2014. Nice one! It is Jan 2014 and a slight recovery from the 8-ish it had fallen to has started but still a long way to go before the profits are sustainable. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Chief Joined: 1/3/2007 Posts: 18,380 Location: Nairobi
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kiongozi2012 wrote:Now IFC has joined in KQ Rights Issue with a plan to take up rights worth $25 million (SH2 billion) that's ten per cent of the Rights. when people like IFC come in, you begin to realize that this KQ thing is serious. Plus news is that they are forking out $80million in debt to finance aircraft deposit payments. i am certainly taking up my rights. Pole sana on your loss. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Chief Joined: 1/3/2007 Posts: 18,380 Location: Nairobi
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VituVingiSana wrote:If I had the cash... I would buy up all of KQ [assume at 14/-]... stop the crazy expansion, fire most of the management, cut costs, sell assets [leaseback], sweat the equity and prepare to sell off the business to the highest bidder!
I am glad I switched (a huge chunk of my portfolio) to KK which expands judiciously, uses debt & has never asked me for Rights cash, sweats the equity, management has shares/options... Sometimes you just can't win  Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Chief Joined: 1/3/2007 Posts: 18,380 Location: Nairobi
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kiongozi2012 wrote:At 14bob this share is undervalued. cause for worry, it slipped to 13.15 on Friday but rebounded Monday. shows markets still believes in KQ's fundamentals And after 2 years, the net return is a grand total of 0% 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: 14,323 Location: nairobi
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VituVingiSana wrote:obiero wrote:cant touch this!!! DOA [dead on arrival] So @obiero has been making sensible predictions in 2012 too @vvs since 2006 :) COOP, IMH, KEGN, KQ, MTNU
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