Wazua
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Kenya Airways...why ignore..
Rank: Chief Joined: 1/3/2007 Posts: 18,225 Location: Nairobi
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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...  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
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Rank: Veteran Joined: 8/30/2007 Posts: 1,558 Location: Nairobi
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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... 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 ππ
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Rank: Elder Joined: 6/23/2009 Posts: 13,796 Location: nairobi
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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... 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 ππ The next person to call KQ a false investment, I will squeeze your nuts or the equivalent
COOP 255,000 ABP 15.85; IMH 5,000 ABP 35.55; KQ 604,200 ABP 6.96; MTN 23,800 ABP 5.20
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Rank: Member Joined: 5/29/2016 Posts: 898 Location: Nairobi
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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... 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 ππ 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.
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Rank: Elder Joined: 6/23/2009 Posts: 13,796 Location: nairobi
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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... 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 ππ 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
COOP 255,000 ABP 15.85; IMH 5,000 ABP 35.55; KQ 604,200 ABP 6.96; MTN 23,800 ABP 5.20
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Rank: Member Joined: 2/8/2007 Posts: 808
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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.
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Rank: Member Joined: 5/29/2016 Posts: 898 Location: Nairobi
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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.
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Rank: Member Joined: 2/8/2007 Posts: 808
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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.
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Rank: Member Joined: 5/29/2016 Posts: 898 Location: Nairobi
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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.
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Rank: Elder Joined: 9/20/2015 Posts: 2,811 Location: Mombasa
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As you can see market markers are struggling to invent a rally . John 5:17 But Jesus replied, βMy Father is always working, and so am I.β
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Rank: Chief Joined: 1/3/2007 Posts: 18,225 Location: Nairobi
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@Obiero was right about I&M It is one of the banks being forced to convert their debts into worthless shares in KQ http://www.businessdaily...0520-88tspaz/index.html
I&M [& all other investees of mine incl Equity and DTB] need to write these loans off. Take the hit and be done. Forcing banks to convert loans into worthless shares in wrong but mta-do? Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 5/25/2012 Posts: 4,105 Location: 08c
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"..The Company's shareholders and prospective investors are advised to exercise caution when dealing with the securities of the Company.." ..."Company Shareholders will be invited to participate in a new issue of equity on a pro rata basis, although at a significant dilution to current position"  Pesa Nane plans to be shilingi when he grows up.
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Rank: Elder Joined: 12/4/2009 Posts: 10,779 Location: NAIROBI
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VituVingiSana wrote:@Obiero was right about I&M It is one of the banks being forced to convert their debts into worthless shares in KQ http://www.businessdaily...0520-88tspaz/index.html
I&M [& all other investees of mine incl Equity and DTB] need to write these loans off. Take the hit and be done. Forcing banks to convert loans into worthless shares in wrong but mta-do? ++ @VVS Your money and investment is safe with this clause; "However, if KQβs share price will not have risen sufficiently to cover their exposure by 2027, the government has guaranteed to step in and pay these local banks a lump sum of $75 million (Sh7.7 billion). In the case of liquidation, which is what the intricate restructuring plan is trying to prevent, the Treasury will wire Sh28.8 billion to the 11 banks β placing a heavy burden on the economy and taxpayers." Otherwise KQ is dead dead I don't see it recovering or coming back. For those waiting share price appreciation sorrryyy Look at this clause also "The government is, however, more concerned with the loans owed to local banks since Barclays Bank Plc, Citibank and JP Morgan have the option of selling KQβs planes to recover their funds with βminimal residual risk to government.β If it had a problem repaying sh.25bn what about 77bn with competition from SGR in the domestic scene. Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 5/25/2012 Posts: 4,105 Location: 08c
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Readable version  Pesa Nane plans to be shilingi when he grows up.
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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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VituVingiSana wrote:@Obiero was right about I&M It is one of the banks being forced to convert their debts into worthless shares in KQ http://www.businessdaily...0520-88tspaz/index.html
I&M [& all other investees of mine incl Equity and DTB] need to write these loans off. Take the hit and be done. Forcing banks to convert loans into worthless shares in wrong but mta-do? Gosh this is bad.. possunt quia posse videntur
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Rank: Elder Joined: 12/4/2009 Posts: 10,779 Location: NAIROBI
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Pesa Nane wrote:Readable version Rights issue is to retire part of the bank's debt. VVS at least you will salvage something Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Member Joined: 2/8/2007 Posts: 808
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The paper version of Business Daily has the detailed story. It is very clear Banks will convert to equity. There is no rights issue but a new share issue to retire the debt by conversion
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Rank: Elder Joined: 12/4/2009 Posts: 10,779 Location: NAIROBI
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Kausha wrote:The paper version of Business Daily has the detailed story. It is very clear Banks will convert to equity. There is no rights issue but a new share issue to retire the debt by conversion Wewe read the cautionary statement What does company shareholders will be invited to particpate in a new issue of equity on a pro-rata basis although at a significant dilution to the current positions mean. Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Member Joined: 2/20/2015 Posts: 467 Location: Nairobi
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Waiting for the loan write offs to find out which bank was swimming naked
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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They will probably create a special class of shares/ hybrid security for the banks. Banks are not stupid. Life is short. Live passionately.
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