“We have seen an increase in the number of carriers that are coming into play. For instance, Air France is already here, Air India is coming and Qatar Airways is introducing a flight to Mombasa very soon.

https://www.businessdail...0458-15debsm/index.html

Doesn't Ethiopian and Rwandair also serve Mombasa directly?
Now Mombasa folks will be able to fly to Doha then connect directly to multiple Asian, European and American destinations.

Qatar: Mombasa to New York = MBA-DOH-NYC
KQ: Mombasa to NYC = MBA-NBO-AMS/CDG/LHR-NYC

Point to note is that money has been made, whichever way :)

@vyaburesiachi has made money.. why are we gloomy about someone gaining from the market

I know it's a difficult concept for many to understand but I will try to explain it again.

The intrinsic value of a firm is not always reflected in the share price.

There's a chap called Warren Buffett. You may not have heard of him. That's OK but I will quote him.

Buffett follows the Benjamin Graham school of value investing. Value investors look for securities with prices that are unjustifiably low based on their intrinsic worth.


Buffett, however, isn't concerned with the supply and demand intricacies of the stock market. In fact, he's not really concerned with the activities of the stock market at all. This is the implication in this paraphrase of his famous quote: "In the short term the market is a popularity contest; in the long term it is a weighing machine."

Read more: Warren Buffett: How He Does It https://www.investopedia...71801.asp#ixzz5DTzQlSrM

Buffett: "When it's raining gold, put out the bucket not the thimble."

Finally:

Don't be a day trader
According to Buffett, the secret to getting a better return on investment is to buy a stock and forget about it. He believes in having a buy-and-hold mentality and insists on holding stocks for decades.

There are two principles behind this: (1) if you buy a stock for less than it's true worth, the stock's price will eventually converge with it's intrinsic value; and (2) if you buy a wonderful business, the value of that business will compound and increase exponentially the longer you hold on to it. So, the patient investor will ultimately be rewarded if they hold on to their stocks for a longer time. For Buffett, time is the friend of a wonderful business.

"If you aren't willing to own a stock for 10 years, don't even think about owning it for ten minutes."

He says that if you constantly buy and sell stocks, it'll take away a significant percentage of your returns in the form of trading commissions and taxes. So, it's better to buy great stocks and holding them for a long time.

Obiero is married to KQ. He cant see, cant hear any wrong

Warren Buffett lessons:

The Market Can Price Things Wrong

“Price is what you pay. Value is what you get.”

In other words, don’t focus on short-term swings in price, focus on the underlying value of your investment. “Beware the investment activity that produces applause; the great moves are usually greeted by yawns.”

KenRe [#BringBackMwarania] was a stock I picked as a core investment coz it got no applauses like Britam. It's P/B was 1.6-2.0 when I bought the shares. I admit the GoK interference is a drag.

KQ which I owned at one point was a "darling" that soared & then came crashing as corruption, egos and hubris took center-stage.

Buy Wonderful Companies

“It’s far better to buy a wonderful company at a fair price, than a fair company at a wonderful price.”

This quote is very interesting, as frequently, “value investors” will pass on anything that they cannot get for a deeply discounted price. Berkshire Hathaway has taken a different approach and instead focused on investing in the right companies.

(Folks asking me about TPSEA. Not only does it trade at discount to NAV, it is also a wonderful company notwithstanding the bumpy ride.)

KQ was a wonderful firm which was growing at a decent pace while remaining profitable and with a low debt:equity then came the greed and hubris that doomed it except for the bailout. It is at best "a fair company at a expensive price"

These are good lessons from Warren Buffet on long term investment.
Going by his methods of picking a stock,i wonder how many stocks in NSE will meet his criteria.

Ile pesa tutavuna hapa tutahitaji magunia kubeba.
Let's keep amassing more shares as the delay of the open offer knocks out more holders

I thought the open Offer would be for the Existing Shareholders at Consolidation. Hence Selling/buying more shares now doesn't not affect the Shares one is entitled to at Open Offer