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Kenya Airways...why ignore..
Rank: Member Joined: 5/21/2014 Posts: 184
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actuarywahisa wrote:Obiero.... My eye has started to turn to KQ. I've been wondering how they will turn the negative equity position so that existing shareholders won't have to 'scoot over' for new money or dig deeper into their pockets.
These new initiatives look like they'll turn around the company in the end. I'd give it 4 years. The issue of course is how the market will react to the developments compared to the current book position. The developments look quite positive whereas the books look, from an equity perspective, absolutely horrendous. And the 'scooting over' has began....  There are too many opportunities all around. Open your eyes and maybe you'll spot one
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Rank: New-farer Joined: 2/7/2016 Posts: 79 Location: Home
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obiero wrote:Spikes wrote:obiero wrote:Mkondoa Macho wrote:It is technically impossible to save Kenya Airways. Instead, the government should use the money it regularly saves KQ with, to launch an alternative airline that is wholly owned by the government (strictly no other investors). My reasoning is that KLM is the parasite that eats KQ from within, and at this point, it is impossible to get rid of it. The government should retain it's KQ shares, and watch KQ slide into insolvency. When the airline's assets are auctioned, it will get some as a shareholder, and as a creditor. These assets can then be used by the new airline which it will wholly own. Wakuondoka watoke pole pole.. Hii kitu haijaeleweka na wengi Jipe moyo @Obiero as thousands of shareholders are forcing their way out to escape the wrath of restructuring aka turnaround! Niko gangari.. Wakutoka watoke.. Planning to load up on Wednesday Do you do any research before you make your investments? This is an amateur move.
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Rank: Elder Joined: 6/23/2009 Posts: 13,796 Location: nairobi
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Pesa Nane wrote:"..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"  The weak hands being shaken off.. Ebb and flow
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: 5/21/2014 Posts: 184
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In the end KQ will have new owners .... best of luck Obiero as you wait for the 'two big announcements'...  There are too many opportunities all around. Open your eyes and maybe you'll spot one
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Rank: Elder Joined: 6/23/2009 Posts: 13,796 Location: nairobi
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actuarywahisa wrote:In the end KQ will have new owners .... best of luck Obiero as you wait for the 'two big announcements'... @actuary.. This is the big announcement and I choose to remain inside.. Liwe liwalo
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: Elder Joined: 6/23/2009 Posts: 13,796 Location: nairobi
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Mkondoa Macho wrote:obiero wrote:Spikes wrote:obiero wrote:Mkondoa Macho wrote:It is technically impossible to save Kenya Airways. Instead, the government should use the money it regularly saves KQ with, to launch an alternative airline that is wholly owned by the government (strictly no other investors). My reasoning is that KLM is the parasite that eats KQ from within, and at this point, it is impossible to get rid of it. The government should retain it's KQ shares, and watch KQ slide into insolvency. When the airline's assets are auctioned, it will get some as a shareholder, and as a creditor. These assets can then be used by the new airline which it will wholly own. Wakuondoka watoke pole pole.. Hii kitu haijaeleweka na wengi Jipe moyo @Obiero as thousands of shareholders are forcing their way out to escape the wrath of restructuring aka turnaround! Niko gangari.. Wakutoka watoke.. Planning to load up on Wednesday Do you do any research before you make your investments? This is an amateur move. I assume you believe that I am the largest KQ shareholder or that I did not state right here that a dilution was on the way.. It's my cash at the end of the day. Kindly do not reach an investment orgasm on my behalf
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: Chief Joined: 1/3/2007 Posts: 18,225 Location: Nairobi
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lochaz-index wrote: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. You must hand it to Kq for breaking new ground. Technically it is not a dilution but a boon to current minority shareholders, here's why: 1. Before this deal Kq had negative equity so they owned nothing in the - no residual ownership - firm despite holding its shares. 2. This deal takes care of the negative equity in its entirety meaning that shareholders despite a reduced % holding in the firm they can now lay claim to its assets. Kind of a negative negative arrangement yielding a positive outcome aka diluting negative equity through debt conversion results in a plus. 3. Increased number of shares will of course suppress the share price on the bourse so it's a case of you win some and lose some. If the dilution is as huge as anticipated Kq could even yield a margin of safety for investors. However, since there will be no cash injection other than the $100m from KLM can Kq generate enough cashflows to maintain working capital, pay down the remaining debts and return to profitability? I have my doubts but time will tell. On the balance of things it will not take long for the rights issue to be announced. That squeeze won't be pretty for the minorities. At the expense of the Taxpayer... Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Veteran Joined: 8/28/2015 Posts: 1,247
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obiero wrote:actuarywahisa wrote:In the end KQ will have new owners .... best of luck Obiero as you wait for the 'two big announcements'... @actuary.. This is the big announcement and I choose to remain inside.. Liwe liwalo https://goo.gl/photos/pqCQg2wQA3itVFW87
Obiero and partners ready for the knife ,Behold, a sower went forth to sow;....
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Rank: Member Joined: 10/6/2015 Posts: 249 Location: Nairobi
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obiero wrote:Spikes wrote:obiero wrote:Mkondoa Macho wrote:It is technically impossible to save Kenya Airways. Instead, the government should use the money it regularly saves KQ with, to launch an alternative airline that is wholly owned by the government (strictly no other investors). My reasoning is that KLM is the parasite that eats KQ from within, and at this point, it is impossible to get rid of it. The government should retain it's KQ shares, and watch KQ slide into insolvency. When the airline's assets are auctioned, it will get some as a shareholder, and as a creditor. These assets can then be used by the new airline which it will wholly own. Wakuondoka watoke pole pole.. Hii kitu haijaeleweka na wengi Jipe moyo @Obiero as thousands of shareholders are forcing their way out to escape the wrath of restructuring aka turnaround! Niko gangari.. Wakutoka watoke.. Planning to load up on Wednesday It's usually said that the prudent thing to do when you find yourself in a hole is to stop digging....however if you continue digging who knows,you might strike gold at lower depths! Never lose your position in a bull market,BTFD.
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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Rank: Elder Joined: 6/23/2009 Posts: 13,796 Location: nairobi
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LOL
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: Veteran Joined: 8/28/2015 Posts: 1,247
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mamilli wrote:obiero wrote:Spikes wrote:obiero wrote:Mkondoa Macho wrote:It is technically impossible to save Kenya Airways. Instead, the government should use the money it regularly saves KQ with, to launch an alternative airline that is wholly owned by the government (strictly no other investors). My reasoning is that KLM is the parasite that eats KQ from within, and at this point, it is impossible to get rid of it. The government should retain it's KQ shares, and watch KQ slide into insolvency. When the airline's assets are auctioned, it will get some as a shareholder, and as a creditor. These assets can then be used by the new airline which it will wholly own. Wakuondoka watoke pole pole.. Hii kitu haijaeleweka na wengi Jipe moyo @Obiero as thousands of shareholders are forcing their way out to escape the wrath of restructuring aka turnaround! Niko gangari.. Wakutoka watoke.. Planning to load up on Wednesday It's usually said that the prudent thing to do when you find yourself in a hole is to stop digging....however if you continue digging who knows,you might strike gold at lower depths! Or alltogether exit from the other side of the world? ,Behold, a sower went forth to sow;....
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Rank: Elder Joined: 6/23/2009 Posts: 13,796 Location: nairobi
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muandiwambeu wrote:mamilli wrote:obiero wrote:Spikes wrote:obiero wrote:Mkondoa Macho wrote:It is technically impossible to save Kenya Airways. Instead, the government should use the money it regularly saves KQ with, to launch an alternative airline that is wholly owned by the government (strictly no other investors). My reasoning is that KLM is the parasite that eats KQ from within, and at this point, it is impossible to get rid of it. The government should retain it's KQ shares, and watch KQ slide into insolvency. When the airline's assets are auctioned, it will get some as a shareholder, and as a creditor. These assets can then be used by the new airline which it will wholly own. Wakuondoka watoke pole pole.. Hii kitu haijaeleweka na wengi Jipe moyo @Obiero as thousands of shareholders are forcing their way out to escape the wrath of restructuring aka turnaround! Niko gangari.. Wakutoka watoke.. Planning to load up on Wednesday It's usually said that the prudent thing to do when you find yourself in a hole is to stop digging....however if you continue digging who knows,you might strike gold at lower depths! Or alltogether exit from the other side of the world? Hahaha. Ua killing me @muandi
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: 3/10/2009 Posts: 36
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muandiwambeu wrote:mamilli wrote:obiero wrote:Spikes wrote:obiero wrote:Mkondoa Macho wrote:It is technically impossible to save Kenya Airways. Instead, the government should use the money it regularly saves KQ with, to launch an alternative airline that is wholly owned by the government (strictly no other investors). My reasoning is that KLM is the parasite that eats KQ from within, and at this point, it is impossible to get rid of it. The government should retain it's KQ shares, and watch KQ slide into insolvency. When the airline's assets are auctioned, it will get some as a shareholder, and as a creditor. These assets can then be used by the new airline which it will wholly own. Wakuondoka watoke pole pole.. Hii kitu haijaeleweka na wengi Jipe moyo @Obiero as thousands of shareholders are forcing their way out to escape the wrath of restructuring aka turnaround! Niko gangari.. Wakutoka watoke.. Planning to load up on Wednesday It's usually said that the prudent thing to do when you find yourself in a hole is to stop digging....however if you continue digging who knows,you might strike gold at lower depths! Or alltogether exit from the other side of the world? As quoted by Baron Rothschild,"The time to buy is when there's blood in the streets" .This is the best time to make some money here.
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Rank: Elder Joined: 6/23/2009 Posts: 13,796 Location: nairobi
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Sir Jones wrote:muandiwambeu wrote:mamilli wrote:obiero wrote:Spikes wrote:obiero wrote:Mkondoa Macho wrote:It is technically impossible to save Kenya Airways. Instead, the government should use the money it regularly saves KQ with, to launch an alternative airline that is wholly owned by the government (strictly no other investors). My reasoning is that KLM is the parasite that eats KQ from within, and at this point, it is impossible to get rid of it. The government should retain it's KQ shares, and watch KQ slide into insolvency. When the airline's assets are auctioned, it will get some as a shareholder, and as a creditor. These assets can then be used by the new airline which it will wholly own. Wakuondoka watoke pole pole.. Hii kitu haijaeleweka na wengi Jipe moyo @Obiero as thousands of shareholders are forcing their way out to escape the wrath of restructuring aka turnaround! Niko gangari.. Wakutoka watoke.. Planning to load up on Wednesday It's usually said that the prudent thing to do when you find yourself in a hole is to stop digging....however if you continue digging who knows,you might strike gold at lower depths! Or alltogether exit from the other side of the world? As quoted by Baron Rothschild,"The time to buy is when there's blood in the streets" .This is the best time to make some money here. Agreed. People are pontificating the current price drop but they do not know how much was agreed upon by the PJT Partner team as the conversion price.. Cautionary statement was issued to guide.. Mtakula huu!
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: Veteran Joined: 7/1/2014 Posts: 923 Location: sky
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Rank: Member Joined: 5/21/2014 Posts: 184
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obiero wrote:Sir Jones wrote:muandiwambeu wrote:mamilli wrote:obiero wrote:Spikes wrote:obiero wrote:Mkondoa Macho wrote:It is technically impossible to save Kenya Airways. Instead, the government should use the money it regularly saves KQ with, to launch an alternative airline that is wholly owned by the government (strictly no other investors). My reasoning is that KLM is the parasite that eats KQ from within, and at this point, it is impossible to get rid of it. The government should retain it's KQ shares, and watch KQ slide into insolvency. When the airline's assets are auctioned, it will get some as a shareholder, and as a creditor. These assets can then be used by the new airline which it will wholly own. Wakuondoka watoke pole pole.. Hii kitu haijaeleweka na wengi Jipe moyo @Obiero as thousands of shareholders are forcing their way out to escape the wrath of restructuring aka turnaround! Niko gangari.. Wakutoka watoke.. Planning to load up on Wednesday It's usually said that the prudent thing to do when you find yourself in a hole is to stop digging....however if you continue digging who knows,you might strike gold at lower depths! Or alltogether exit from the other side of the world? As quoted by Baron Rothschild,"The time to buy is when there's blood in the streets" .This is the best time to make some money here. Agreed. People are pontificating the current price drop but they do not know how much was agreed upon by the PJT Partner team as the conversion price.. Cautionary statement was issued to guide.. Mtakula huu! Wahenga walisema heri kula huu kuliko kula chini! There are too many opportunities all around. Open your eyes and maybe you'll spot one
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Rank: Elder Joined: 6/23/2009 Posts: 13,796 Location: nairobi
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actuarywahisa wrote:obiero wrote:Sir Jones wrote:muandiwambeu wrote:mamilli wrote:obiero wrote:Spikes wrote:obiero wrote:Mkondoa Macho wrote:It is technically impossible to save Kenya Airways. Instead, the government should use the money it regularly saves KQ with, to launch an alternative airline that is wholly owned by the government (strictly no other investors). My reasoning is that KLM is the parasite that eats KQ from within, and at this point, it is impossible to get rid of it. The government should retain it's KQ shares, and watch KQ slide into insolvency. When the airline's assets are auctioned, it will get some as a shareholder, and as a creditor. These assets can then be used by the new airline which it will wholly own. Wakuondoka watoke pole pole.. Hii kitu haijaeleweka na wengi Jipe moyo @Obiero as thousands of shareholders are forcing their way out to escape the wrath of restructuring aka turnaround! Niko gangari.. Wakutoka watoke.. Planning to load up on Wednesday It's usually said that the prudent thing to do when you find yourself in a hole is to stop digging....however if you continue digging who knows,you might strike gold at lower depths! Or alltogether exit from the other side of the world? As quoted by Baron Rothschild,"The time to buy is when there's blood in the streets" .This is the best time to make some money here. Agreed. People are pontificating the current price drop but they do not know how much was agreed upon by the PJT Partner team as the conversion price.. Cautionary statement was issued to guide.. Mtakula huu! Wahenga walisema heri kula huu kuliko kula chini! Wahenga walishaaga.. Sasa sisi ndio Wahenga wapya. Hapa hata kunakafirauni kamaniita stupid bwana just because I choose to stay put in KQ.. Ya dunia ni mengi
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: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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Sir Jones wrote:muandiwambeu wrote:mamilli wrote:obiero wrote:Spikes wrote:obiero wrote:Mkondoa Macho wrote:It is technically impossible to save Kenya Airways. Instead, the government should use the money it regularly saves KQ with, to launch an alternative airline that is wholly owned by the government (strictly no other investors). My reasoning is that KLM is the parasite that eats KQ from within, and at this point, it is impossible to get rid of it. The government should retain it's KQ shares, and watch KQ slide into insolvency. When the airline's assets are auctioned, it will get some as a shareholder, and as a creditor. These assets can then be used by the new airline which it will wholly own. Wakuondoka watoke pole pole.. Hii kitu haijaeleweka na wengi Jipe moyo @Obiero as thousands of shareholders are forcing their way out to escape the wrath of restructuring aka turnaround! Niko gangari.. Wakutoka watoke.. Planning to load up on Wednesday It's usually said that the prudent thing to do when you find yourself in a hole is to stop digging....however if you continue digging who knows,you might strike gold at lower depths! Or alltogether exit from the other side of the world? As quoted by Baron Rothschild,"The time to buy is when there's blood in the streets" .This is the best time to make some money here. You misunderstand that quote. He didn't mean buy insolvent loss making companies. He meant buy quality companies trading at less than their intrinsic values. Life is short. Live passionately.
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Rank: Elder Joined: 6/23/2009 Posts: 13,796 Location: nairobi
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sparkly wrote:Sir Jones wrote:muandiwambeu wrote:mamilli wrote:obiero wrote:Spikes wrote:obiero wrote:Mkondoa Macho wrote:It is technically impossible to save Kenya Airways. Instead, the government should use the money it regularly saves KQ with, to launch an alternative airline that is wholly owned by the government (strictly no other investors). My reasoning is that KLM is the parasite that eats KQ from within, and at this point, it is impossible to get rid of it. The government should retain it's KQ shares, and watch KQ slide into insolvency. When the airline's assets are auctioned, it will get some as a shareholder, and as a creditor. These assets can then be used by the new airline which it will wholly own. Wakuondoka watoke pole pole.. Hii kitu haijaeleweka na wengi Jipe moyo @Obiero as thousands of shareholders are forcing their way out to escape the wrath of restructuring aka turnaround! Niko gangari.. Wakutoka watoke.. Planning to load up on Wednesday It's usually said that the prudent thing to do when you find yourself in a hole is to stop digging....however if you continue digging who knows,you might strike gold at lower depths! Or alltogether exit from the other side of the world? As quoted by Baron Rothschild,"The time to buy is when there's blood in the streets" .This is the best time to make some money here. You misunderstand that quote. He didn't mean buy insolvent loss making companies. He meant buy quality companies trading at less than their intrinsic values. Perspective.. It's very personal
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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