Which bond are we talking about?

Hadn't even seen that but rem I suggested this...Iko hapa kwa thread mahali... The tenor should be even longer then the push the bond to pension schemes... I think I am a genius...

I don't know who threw the first stone BUT:
"Three banks – Equity, Jamii Bora and EcoBank – had opposed the move to convert loans advanced to the airline into equity."
"They moved to court hoping to stop the restructuring plan proposed by Kenya Airways (KQ) where a total of 11 local banks would hold a 37 per cent stake in the national carrier."
"The three had opposed a joint meeting, arguing that the Government was at an advantage in decision-making."

Wazuans: PLEASE STOP LISTENING TO WHAT PKOSING IS SAYING!

He's a politician: he'll SAY anything to get publicity!

You should get a hold of the parliamentary committee report on Kenya Airways and READ what they recommended.

That is the only thing that matters. Hii ingine yote ni kuropokwa kwa mwansiasa!

i read disaster for you sir Obiero, KQLC is an advantaged shareholder considering their preconversion agreement, and since the government knows the shity in this whole saga, its throwing a laced carrot to the banks. ie from credit, to equity and back to credit(only that its long term).On conversion, the following scenarios will be at play in books of accounts of kqueer
1. G.O.K acquires the 38% thus acquiring over 75% necessary to compulsorily acquire the remaining stake to convert kqueer to whatever it wants
2. the conversion be by way of negotiated redemption of equity capital by kqueer, thus reducing ordinary share capital(equity) by 38% and increasing indebtedness to the gova by the principal value of the bond secured by the gok to kqlc.( simply an increased leverage for kqueer)
once KQLC is out of the big picture your house of cards built at level 8.25/= cames down clambling. read the signs of time. someone is very eager to whack you one more last time, only that this time you are likely not to have a second chance at it.
Lets keep recording, NSE= the grand casino of modern times. second corparate grand con scheme being hatched. (kqlc not being in the picture makes the deal a walkover. go to court and argue the open offer was a guranteed tennent clause in the restructuring deal, and get yourself even in more mess. that is you are issued with a rights issue which you must pay for to get nothing, zilch, narda...... feeling the shaft right, centre, left and whever there is an avenue to dump. Jeso. stage 3 of a con strategy unwinding before my very eyes. its called disengagement or recycling. the target victim is very clear.

Wacha hiyo; Working Capital is in the order of negative 100bn! [Current Ratio is about 0.1; yaani, for every shilling in current assets, there are ten shillings in current liabilities]

KQ just simply can't fly!

Na bado some pathetic half year results are on the way....

@Obiero you are really bleeding with this huge KQ holding,will you survive?

It’s not looking good right now.. But the board of KQ owe it to the minority shareholders at a minimum to get the Open Offer done so that equilibrium is created. Fair price remains KES 12. You know how the game goes. Someone’s trying to shake the tree so that they pocket the buyout sum

Tuliza ball mzee. Uone karata ikichezwa