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Kenya Airways...why ignore..
VituVingiSana
#7681 Posted : Wednesday, June 07, 2017 2:07:02 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,346
Location: Nairobi
sparkly wrote:
obiero wrote:
You have to pity people like @vvs who bought KQ at KES 71 per share and sold at KES 13.. Let us learn from past mistakes but let it not blind us to future opportunities. Selling was the right thing to do then, but right now if you are not buying KQ or atleast thinking that the turnaround is bearing fruit, then you may be suffering from myopia. Captain Michael Joseph and Mikosz will take us back to being The Pride of Africa. My only worry would be why Naikuni is still a free man


Boss wacha jokes. You are riding the Titanic to the bottom of the sea, but you pity the chap who jumped out when the ship first hit the iceberg...

Applause Applause Applause That was quite the comeback! And so apt. I was conned by Naikuni, Mbugua and those conmen. I learnt an expensive lesson but I apply it to my other investments esp in shares. I share this experience so others may learn.

I take no pleasure when others are conned and in my small way try to warn folks be it HAFR, Merali or Olympia...
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Horton
#7682 Posted : Wednesday, June 07, 2017 4:33:04 PM
Rank: Veteran

Joined: 8/30/2007
Posts: 1,558
Location: Nairobi
VituVingiSana wrote:
sparkly wrote:
obiero wrote:
You have to pity people like @vvs who bought KQ at KES 71 per share and sold at KES 13.. Let us learn from past mistakes but let it not blind us to future opportunities. Selling was the right thing to do then, but right now if you are not buying KQ or atleast thinking that the turnaround is bearing fruit, then you may be suffering from myopia. Captain Michael Joseph and Mikosz will take us back to being The Pride of Africa. My only worry would be why Naikuni is still a free man


Boss wacha jokes. You are riding the Titanic to the bottom of the sea, but you pity the chap who jumped out when the ship first hit the iceberg...

Applause Applause Applause That was quite the comeback! And so apt. I was conned by Naikuni, Mbugua and those conmen. I learnt an expensive lesson but I apply it to my other investments esp in shares. I share this experience so others may learn.

I take no pleasure when others are conned and in my small way try to warn folks be it HAFR, Merali or Olympia...


Obiero and VVS need to take this outside 😂😂
obiero
#7683 Posted : Wednesday, June 07, 2017 4:41:31 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,213
Location: nairobi
Horton wrote:
VituVingiSana wrote:
sparkly wrote:
obiero wrote:
You have to pity people like @vvs who bought KQ at KES 71 per share and sold at KES 13.. Let us learn from past mistakes but let it not blind us to future opportunities. Selling was the right thing to do then, but right now if you are not buying KQ or atleast thinking that the turnaround is bearing fruit, then you may be suffering from myopia. Captain Michael Joseph and Mikosz will take us back to being The Pride of Africa. My only worry would be why Naikuni is still a free man


Boss wacha jokes. You are riding the Titanic to the bottom of the sea, but you pity the chap who jumped out when the ship first hit the iceberg...

Applause Applause Applause That was quite the comeback! And so apt. I was conned by Naikuni, Mbugua and those conmen. I learnt an expensive lesson but I apply it to my other investments esp in shares. I share this experience so others sssssssssssssssssaaa@ learn.

I take no pleasure when others are ss and in my small way try to warn folks be it HAFR, Merali or Olympia...


Obiero and VVS need to take this outside 😂😂

The next person to call KQ a false investment, I will squeeze your nuts or the equivalent

KQ ABP 4.26
ArrestedDev
#7684 Posted : Thursday, June 08, 2017 3:43:11 AM
Rank: Member

Joined: 5/29/2016
Posts: 898
Location: Nairobi
obiero wrote:
Horton wrote:
VituVingiSana wrote:
sparkly wrote:
obiero wrote:
You have to pity people like @vvs who bought KQ at KES 71 per share and sold at KES 13.. Let us learn from past mistakes but let it not blind us to future opportunities. Selling was the right thing to do then, but right now if you are not buying KQ or atleast thinking that the turnaround is bearing fruit, then you may be suffering from myopia. Captain Michael Joseph and Mikosz will take us back to being The Pride of Africa. My only worry would be why Naikuni is still a free man


Boss wacha jokes. You are riding the Titanic to the bottom of the sea, but you pity the chap who jumped out when the ship first hit the iceberg...

Applause Applause Applause That was quite the comeback! And so apt. I was conned by Naikuni, Mbugua and those conmen. I learnt an expensive lesson but I apply it to my other investments esp in shares. I share this experience so others sssssssssssssssssaaa@ learn.

I take no pleasure when others are ss and in my small way try to warn folks be it HAFR, Merali or Olympia...




Obiero and VVS need to take this outside 😂😂

The next person to call KQ a false investment, I will squeeze your nuts or the equivalent


Nothing to celebrate as of now with this stock. There is a lot of uncertainty already clouding the announcement for more debt and Govt intention to convert a portion of the debt to equity.

The current parliament will not be able to handle the request put forward by the Treasury. I believe it has been factored in the upcoming budget. There is a likely hood that Parliament will not approve the rescue package or it will take long yet KQ urgently need funds to stay afloat.

If funding to support operations delays then anything can happen. The CEO may even depart, suppliers may refuse to supply essential services and many other unforeseen issues.

Anyone dealing or planning to deal with this stock should thread very carefully.
obiero
#7685 Posted : Thursday, June 08, 2017 7:12:48 AM
Rank: Elder

Joined: 6/23/2009
Posts: 14,213
Location: nairobi
ArrestedDev wrote:
obiero wrote:
Horton wrote:
VituVingiSana wrote:
sparkly wrote:
obiero wrote:
You have to pity people like @vvs who bought KQ at KES 71 per share and sold at KES 13.. Let us learn from past mistakes but let it not blind us to future opportunities. Selling was the right thing to do then, but right now if you are not buying KQ or atleast thinking that the turnaround is bearing fruit, then you may be suffering from myopia. Captain Michael Joseph and Mikosz will take us back to being The Pride of Africa. My only worry would be why Naikuni is still a free man


Boss wacha jokes. You are riding the Titanic to the bottom of the sea, but you pity the chap who jumped out when the ship first hit the iceberg...

Applause Applause Applause That was quite the comeback! And so apt. I was conned by Naikuni, Mbugua and those conmen. I learnt an expensive lesson but I apply it to my other investments esp in shares. I share this experience so others sssssssssssssssssaaa@ learn.

I take no pleasure when others are ss and in my small way try to warn folks be it HAFR, Merali or Olympia...




Obiero and VVS need to take this outside 😂😂

The next person to call KQ a false investment, I will squeeze your nuts or the equivalent


Nothing to celebrate as of now with this stock. There is a lot of uncertainty already clouding the announcement for more debt and Govt intention to convert a portion of the debt to equity.

The current parliament will not be able to handle the request put forward by the Treasury. I believe it has been factored in the upcoming budget. There is a likely hood that Parliament will not approve the rescue package or it will take long yet KQ urgently need funds to stay afloat.

If funding to support operations delays then anything can happen. The CEO may even depart, suppliers may refuse to supply essential services and many other unforeseen issues.

Anyone dealing or planning to deal with this stock should thread very carefully.

High risk, high returns.. Parliament will make a debacle but shall approve the restructure.. Only problem that can arise is a NASA victory

KQ ABP 4.26
Kausha
#7686 Posted : Thursday, June 08, 2017 9:09:38 AM
Rank: Member

Joined: 2/8/2007
Posts: 808
Waaahh poor banks that lent this company..how do you lend and be forced to convert to equity of an insolvent conpany. The existing shares must be worth nothing at this point after this conversion. @Obiero you go ahead and squeeze our nuts but hell what a rip off.
ArrestedDev
#7687 Posted : Thursday, June 08, 2017 9:18:25 AM
Rank: Member

Joined: 5/29/2016
Posts: 898
Location: Nairobi
Kausha wrote:
Waaahh poor banks that lent this company..how do you lend and be forced to convert to equity of an insolvent conpany. The existing shares must be worth nothing at this point after this conversion. @Obiero you go ahead and squeeze our nuts but hell what a rip off.


The taxpayers bearing the cost and not the banks.
Kausha
#7688 Posted : Thursday, June 08, 2017 9:25:04 AM
Rank: Member

Joined: 2/8/2007
Posts: 808
ArrestedDev wrote:
Kausha wrote:
Waaahh poor banks that lent this company..how do you lend and be forced to convert to equity of an insolvent conpany. The existing shares must be worth nothing at this point after this conversion. @Obiero you go ahead and squeeze our nuts but hell what a rip off.


The taxpayers bearing the cost and not the banks.


At what price/ share is the conversion price? That will determine what the banks end up with. In the meantime, KQ has not serviced the loans and you have to hold onto shares and wait for the price to lift off in future. How long it takes and the opportunity cost of this? BEar in mind as the bank you are carrying the cost of this funding. The price may not rise by much and if you attempt to sell 23BIllion with of KQ shares the price will tumble. I wonder which PE firms beyond IFC would be interest in airlines. The banks should have pushed for the loans to secured by government as Afriexim did or secured by some assets.
ArrestedDev
#7689 Posted : Thursday, June 08, 2017 10:01:47 AM
Rank: Member

Joined: 5/29/2016
Posts: 898
Location: Nairobi
Kausha wrote:
ArrestedDev wrote:
Kausha wrote:
Waaahh poor banks that lent this company..how do you lend and be forced to convert to equity of an insolvent conpany. The existing shares must be worth nothing at this point after this conversion. @Obiero you go ahead and squeeze our nuts but hell what a rip off.


The taxpayers bearing the cost and not the banks.


At what price/ share is the conversion price? That will determine what the banks end up with. In the meantime, KQ has not serviced the loans and you have to hold onto shares and wait for the price to lift off in future. How long it takes and the opportunity cost of this? BEar in mind as the bank you are carrying the cost of this funding. The price may not rise by much and if you attempt to sell 23BIllion with of KQ shares the price will tumble. I wonder which PE firms beyond IFC would be interest in airlines. The banks should have pushed for the loans to secured by government as Afriexim did or secured by some assets.


The bank will get the principal amount plus interest and nothing else.

Spikes
#7690 Posted : Thursday, June 08, 2017 10:13:55 AM
Rank: Elder

Joined: 9/20/2015
Posts: 2,811
Location: Mombasa
As you can see market markers are struggling to invent a rally .
John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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