Wazua
»
Investor
»
Stocks
»
Kenya Airways...why ignore..
Rank: Veteran Joined: 8/28/2015 Posts: 1,247
|
VituVingiSana wrote:Ericsson wrote: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. I am sure there are a few idiots [minority shareholders] who would put in fresh cash in as a Rights Issue but I don't think most would. @vvs there is a local saying that goes like this in my home town, you may conceal kq's screams of agony( through financial limbo and legal jargon) but you can not hide it cries(tears of finacial woes, anguish and legal desperation). I love myself so much, to give my precious blood to a monkey. Not even a drop. ,Behold, a sower went forth to sow;....
|
|
|
Rank: Member Joined: 5/29/2016 Posts: 898 Location: Nairobi
|
I stated very early herein that whoever dealing or planning to deal with KQ shares should thread carefully. I repeat it once again. I am very sure Parliament will shoot down the proposed bailout package and the next thing to happen is the most unthinkable act of KQ brand demise.
I also mentioned a while ago that the loss reported shows the Company is in a more pathetic position compared to when the 26 billion was announced a year ago. Without a quick cash injection then things will be thick and planes will be impounded by the fuel suppliers at the stations.
I hope the mpigs can approve the proposal before the house is dissolved. These are hard times for KQ.
|
|
|
Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
|
The sad bit is that the guys who really kulad/got hefty kick backs are still Scot free...the likes of akina Itegi...Alex...and TN himself...wako tu maisha inaendelea. possunt quia posse videntur
|
|
|
Rank: Member Joined: 5/29/2016 Posts: 898 Location: Nairobi
|
maka wrote:The sad bit is that the guys who really kulad/got hefty kick backs are still Scot free...the likes of akina Itegi...Alex...and TN himself...wako tu maisha inaendelea. Even Ngunze is among the culprits. They should be hanged. Infact, Ngunze is the one who nailed the last bullet in the coffin. He is totally incompetent, I say it without fear or favour. The mpigs will demand these idiots to face the law before the bailout is approved unless Kamwana calls for a Kamukunji.
|
|
|
Rank: Member Joined: 2/8/2007 Posts: 808
|
Pesa Nane wrote:kawi254 wrote:Waiting for the loan write offs to find out which bank was swimming naked Quote:The banks, which include big lenders Equity, KCB Group, Commercial Bank of Africa and Co-operative Bank, will form a new company (special purpose vehicle) through which they will own shares in the struggling national carrier. Jamii Bora, I&M Bank, NIC Bank and Ecobank, Chase Bank, National Bank and Diamond Trust Bank complete the list of lenders that have outstanding loans with the airline. Jamaneni what was Jamii Bora thinking lending KQ? Uchumi didn't hurt them enough.
|
|
|
Rank: Member Joined: 10/6/2015 Posts: 249 Location: Nairobi
|
Kausha wrote:Pesa Nane wrote:kawi254 wrote:Waiting for the loan write offs to find out which bank was swimming naked Quote:The banks, which include big lenders Equity, KCB Group, Commercial Bank of Africa and Co-operative Bank, will form a new company (special purpose vehicle) through which they will own shares in the struggling national carrier. Jamii Bora, I&M Bank, NIC Bank and Ecobank, Chase Bank, National Bank and Diamond Trust Bank complete the list of lenders that have outstanding loans with the airline. Jamaneni what was Jamii Bora thinking lending KQ? Uchumi didn't hurt them enough.  i guess they are suckers for shafting Never lose your position in a bull market,BTFD.
|
|
|
Rank: Elder Joined: 6/23/2009 Posts: 14,217 Location: nairobi
|
mamilli wrote:Kausha wrote:Pesa Nane wrote:kawi254 wrote:Waiting for the loan write offs to find out which bank was swimming naked Quote:The banks, which include big lenders Equity, KCB Group, Commercial Bank of Africa and Co-operative Bank, will form a new company (special purpose vehicle) through which they will own shares in the struggling national carrier. Jamii Bora, I&M Bank, NIC Bank and Ecobank, Chase Bank, National Bank and Diamond Trust Bank complete the list of lenders that have outstanding loans with the airline. Jamaneni what was Jamii Bora thinking lending KQ? Uchumi didn't hurt them enough. i guess they are suckers for shafting National Assembly shall ratify the proposal on Wednesday next week. Good times for the Pride of Africa, now literally debt free
KQ ABP 4.26
|
|
|
Rank: Elder Joined: 6/23/2009 Posts: 14,217 Location: nairobi
|
muandiwambeu wrote:VituVingiSana wrote:Ericsson wrote: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. I am sure there are a few idiots [minority shareholders] who would put in fresh cash in as a Rights Issue but I don't think most would. @vvs there is a local saying that goes like this in my home town, you may conceal kq's screams of agony( through financial limbo and legal jargon) but you can not hide it cries(tears of finacial woes, anguish and legal desperation). I love myself so much, to give my precious blood to a monkey. Not even a drop. Hahaha..
KQ ABP 4.26
|
|
|
Rank: Elder Joined: 12/4/2009 Posts: 10,804 Location: NAIROBI
|
http://www.businessdaily...2316-pbbpmwz/index.html
More than 78,000 small Kenya Airways shareholders are set for a massive dilution of their stake in the ongoing restructuring that could leave them owning only about 6.7 per cent of the national carrier from 43.7 per cent We are looking at a possible dilution to current shareholders of approximately 5.7 times, which translates to a diluted market price of approximately Sh1.2 per share,” says Genghis in a research note sent to its clients on Thursday. Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
|
|
|
Rank: Elder Joined: 6/23/2009 Posts: 14,217 Location: nairobi
|
Ericsson wrote:http://www.businessdailyafrica.com/news/Small-KQ-shareholders-face-big-stake-cut/539546-3962316-pbbpmwz/index.html
More than 78,000 small Kenya Airways shareholders are set for a massive dilution of their stake in the ongoing restructuring that could leave them owning only about 6.7 per cent of the national carrier from 43.7 per cent
We are looking at a possible dilution to current shareholders of approximately 5.7 times, which translates to a diluted market price of approximately Sh1.2 per share,” says Genghis in a research note sent to its clients on Thursday. 1.2 per KQ share is laughable, but even if we touch it, a rapid rise back to KES 10 or more, is guaranteed.. Michael Joseph should be made the President of Kenya.. A visionary with few equals.. Probably only Kibaki is in his league of thought
KQ ABP 4.26
|
|
|
Wazua
»
Investor
»
Stocks
»
Kenya Airways...why ignore..
Forum Jump
You cannot post new topics in this forum.
You cannot reply to topics in this forum.
You cannot delete your posts in this forum.
You cannot edit your posts in this forum.
You cannot create polls in this forum.
You cannot vote in polls in this forum.
|