[quote=Pesa Nane]9500 Posts. KQ is special![/quote]
One post per KES 10,000,000 of losses!

[The value of KQ has decreased by KES 90bn since 2012. This includes the "P&L losses" as well as balance sheet losses.

KQ owned land at historic cost in 2012 that was revalued and sold. These profits/gains were used to reduce P&L losses. The same with the LHR slots.]

The (real) NAV value of KQ in 2011-12 was much higher than Market Capitalization but today it's the opposite.

[quote=obiero][quote=VituVingiSana][quote=Pesa Nane]9500 Posts. KQ is special![/quote]
One post per KES 10,000,000 of losses!

[The value of KQ has decreased by KES 90bn since 2012. This includes the "P&L losses" as well as balance sheet losses.

KQ owned land at historic cost in 2012 that was revalued and sold. These profits/gains were used to reduce P&L losses. The same with the LHR slots.]

The (real) NAV value of KQ in 2011-12 was much higher than Market Capitalization but today it's the opposite.[/quote]
There's no progress without effort.. KQ is back from the brink of death [/quote]
The best route for KQ would have been to transfer viable assets from the Old KQ to the New KQ under a restructuring process. The staff should have been asked to re-apply with the New KQ [sans the liabilities].

While the creditors pummeled and negotiated with the Old KQ, the New KQ could have taken off without the need for lengthy and convoluted negotiations. The New KQ could have listed and looked for strategic partners.

It's a model that should be used to revive (or bury) many parastatals (or entities in which GoK has significant influence) including Mumias.

[quote=obiero][quote=VituVingiSana][quote=obiero][quote=VituVingiSana][quote=Pesa Nane]9500 Posts. KQ is special![/quote]
One post per KES 10,000,000 of losses!

[The value of KQ has decreased by KES 90bn since 2012. This includes the "P&L losses" as well as balance sheet losses.

KQ owned land at historic cost in 2012 that was revalued and sold. These profits/gains were used to reduce P&L losses. The same with the LHR slots.]

The (real) NAV value of KQ in 2011-12 was much higher than Market Capitalization but today it's the opposite.[/quote]
There's no progress without effort.. KQ is back from the brink of death [/quote]
The best route for KQ would have been to transfer viable assets from the Old KQ to the New KQ under a restructuring process. The staff should have been asked to re-apply with the New KQ [sans the liabilities].

While the creditors pummeled and negotiated with the Old KQ, the New KQ could have taken off without the need for lengthy and convoluted negotiations. The New KQ could have listed and looked for strategic partners.

It's a model that should be used to revive (or bury) many parastatals (or entities in which GoK has significant influence) including Mumias.[/quote]
Sounds OK on text but practicality is absent [/quote]

True practicality not possible

[quote=obiero]What KQ board and management are currently doing via delay of the Open Offer must be the most unprofessional thing they have ever had to do.. Virtually no trading for the past two months? Of what benefit is it?[/quote]

KQ Lenders wamekaa ngumu

[quote=Ericsson][quote=obiero]What KQ board and management are currently doing via delay of the Open Offer must be the most unprofessional thing they have ever had to do.. Virtually no trading for the past two months? Of what benefit is it?[/quote]

KQ Lenders wamekaa ngumu[/quote]
KQLC have no hand in it. They already signed an agreement of non participation in the Open Offer. It's the KQ board and management that are dragging their feet for reasons yet to be disclosed