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Kenya Airways...why ignore..
VituVingiSana
#15441 Posted : Tuesday, August 20, 2024 11:52:43 PM
Rank: Chief


Joined: 1/3/2007
Posts: 18,095
Location: Nairobi
obiero wrote:
watesh wrote:
obiero wrote:
Joy comes in the morning. Finally profitable


Operating Profit 1,298
Forex gains 5,394
Finance Costs (6,081)
Interest income 23
PBT 634

Since forex gain can't be replicated each year, that profit is a mirage.

Speak into the revenue
Note also that the debt is significantly depleted by GoK largesse

What GoK giveth, GoK can taketh. Laughing out loudly

So has KQ declared a dividend?
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
HaMaina
#15442 Posted : Wednesday, August 21, 2024 11:46:52 AM
Rank: Veteran


Joined: 4/23/2014
Posts: 909
Kenya Airways Posts Profit For the First Time in 11 Years
“You can get in way more trouble with a good idea than a bad idea, because you forget that the good idea has limits.” - Ben Graham
obiero
#15443 Posted : Wednesday, August 21, 2024 1:47:08 PM
Rank: Elder


Joined: 6/23/2009
Posts: 13,493
Location: nairobi
VituVingiSana wrote:
obiero wrote:
watesh wrote:
obiero wrote:
Joy comes in the morning. Finally profitable


Operating Profit 1,298
Forex gains 5,394
Finance Costs (6,081)
Interest income 23
PBT 634

Since forex gain can't be replicated each year, that profit is a mirage.

Speak into the revenue
Note also that the debt is significantly depleted by GoK largesse

What GoK giveth, GoK can taketh. Laughing out loudly

So has KQ declared a dividend?

Chief wacha uchokozi. Dividend not possible at the moment

HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
VituVingiSana
#15444 Posted : Monday, September 02, 2024 12:36:52 AM
Rank: Chief


Joined: 1/3/2007
Posts: 18,095
Location: Nairobi
https://www.businessdail...ares-swap-offer-4746844

Which bank will agree to swap debt [which they may be able to collect slowly] for more worthless shares?
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
obiero
#15445 Posted : Wednesday, October 02, 2024 8:15:06 AM
Rank: Elder


Joined: 6/23/2009
Posts: 13,493
Location: nairobi
VituVingiSana wrote:
https://www.businessdailyafrica.com/bd/corporate/companies/kq-tests-banks-with-another-debt-for-shares-swap-offer-4746844

Which bank will agree to swap debt [which they may be able to collect slowly] for more worthless shares?

The big ones that you already know. Deal is done https://www.businessdail...s-loans-deadline-4782866

HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
obiero
#15446 Posted : Wednesday, October 02, 2024 8:18:29 AM
Rank: Elder


Joined: 6/23/2009
Posts: 13,493
Location: nairobi
VituVingiSana wrote:
obiero wrote:
sparkly wrote:
obiero wrote:
Ericsson wrote:
VituVingiSana wrote:
EXTENSION OF SUSPENSION FROM TRADING OF KENYA AIRWAYS PLC

SHARES

Notice is hereby given on the extension of suspension from trading of Kenya Airways Plc
shares. The extension of suspension seeks to enable the company complete its operational and
corporate restructure process.
The suspension was approved and issued by the Capital Markets Authority (CMA) pursuant to
section 11(3)(w) of the Capital Markets Act and regulation 22 of the Capital Markets
(Securities) (Public Offers, Listings and Disclosures) Regulations, 2002.
The extension of suspension from trading the company’s shares will remain in force for an
additional twelve (12) months, with effect from January 5, 2023. All shareholders, investors
and the general public are asked to take note of the suspension.
For more information please contact:

Nairobi Securities Exchange Plc
The Exchange Building, 55 Westlands Road
P. O. Box 43633-00100, Nairobi Tel: +254 (020) 283 1000
Email: info@nse.co.ke Website: www.nse.co.ke


cc Obiero

Taxpayers continue to 'invest' in my investment. It's all good. Waiting..


Or you are the one stuck in a taxpayers investment 🤔

Stuck yes, but definitely going out with a return. Atleast it's not liquidated

POLE SANA. I do not speak in code.

Suspension will be uplifted by Jan 2025. The end

HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
Ericsson
#15447 Posted : Thursday, October 10, 2024 7:44:55 AM
Rank: Elder


Joined: 12/4/2009
Posts: 10,671
Location: NAIROBI
obiero wrote:
VituVingiSana wrote:
obiero wrote:
sparkly wrote:
obiero wrote:
Ericsson wrote:
VituVingiSana wrote:
EXTENSION OF SUSPENSION FROM TRADING OF KENYA AIRWAYS PLC

SHARES

Notice is hereby given on the extension of suspension from trading of Kenya Airways Plc
shares. The extension of suspension seeks to enable the company complete its operational and
corporate restructure process.
The suspension was approved and issued by the Capital Markets Authority (CMA) pursuant to
section 11(3)(w) of the Capital Markets Act and regulation 22 of the Capital Markets
(Securities) (Public Offers, Listings and Disclosures) Regulations, 2002.
The extension of suspension from trading the company’s shares will remain in force for an
additional twelve (12) months, with effect from January 5, 2023. All shareholders, investors
and the general public are asked to take note of the suspension.
For more information please contact:

Nairobi Securities Exchange Plc
The Exchange Building, 55 Westlands Road
P. O. Box 43633-00100, Nairobi Tel: +254 (020) 283 1000
Email: info@nse.co.ke Website: www.nse.co.ke


cc Obiero

Taxpayers continue to 'invest' in my investment. It's all good. Waiting..


Or you are the one stuck in a taxpayers investment 🤔

Stuck yes, but definitely going out with a return. Atleast it's not liquidated

POLE SANA. I do not speak in code.

Suspension will be uplifted by Jan 2025. The end


Hekaya za abunwasi,no lifting instead the suspension will be extended.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
DtheK
#15448 Posted : Thursday, October 10, 2024 3:54:39 PM
Rank: Member


Joined: 2/15/2010
Posts: 126
Location: Kenya
When Wanjiku realizes how much GOK pays to keep this thing going they will "sell it in the morning".
But yes it should trade like the other monkeys.
It is even profitable, for now.
VituVingiSana
#15449 Posted : Thursday, October 10, 2024 11:57:06 PM
Rank: Chief


Joined: 1/3/2007
Posts: 18,095
Location: Nairobi
DtheK wrote:
When Wanjiku realizes how much GOK pays to keep this thing going they will "sell it in the morning".
But yes it should trade like the other monkeys.
It is even profitable, for now.

It is not profitable but for a sleight of hand.
The debt service is the problem. For GoK to take over the debt, it will want more shares in KQ.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Ericsson
#15450 Posted : Friday, November 01, 2024 4:33:46 AM
Rank: Elder


Joined: 12/4/2009
Posts: 10,671
Location: NAIROBI
When is KQ buying new plains.
It's current fleet is very old.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
VituVingiSana
#15451 Posted : Saturday, November 02, 2024 6:41:55 AM
Rank: Chief


Joined: 1/3/2007
Posts: 18,095
Location: Nairobi
Ericsson wrote:
When is KQ buying new plains.
It's current fleet is very old.

Why does KQ need more plains?
Are they going into ranching?
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
obiero
#15452 Posted : Saturday, November 02, 2024 6:42:27 PM
Rank: Elder


Joined: 6/23/2009
Posts: 13,493
Location: nairobi
VituVingiSana wrote:
Ericsson wrote:
When is KQ buying new plains.
It's current fleet is very old.

Why does KQ need more plains?
Are they going into ranching?

Chief. Please be polite. Illiteracy is still rampant in Africa

HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
obiero
#15453 Posted : Saturday, November 02, 2024 6:44:40 PM
Rank: Elder


Joined: 6/23/2009
Posts: 13,493
Location: nairobi
VituVingiSana wrote:
DtheK wrote:
When Wanjiku realizes how much GOK pays to keep this thing going they will "sell it in the morning".
But yes it should trade like the other monkeys.
It is even profitable, for now.

It is not profitable but for a sleight of hand.
The debt service is the problem. For GoK to take over the debt, it will want more shares in KQ.

The larger portion of long term debt was converted into additional shares for KQLC (Kenya Airways Lenders Company) Limited

HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
Ericsson
#15454 Posted : Saturday, November 02, 2024 8:53:31 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,671
Location: NAIROBI
Ericsson wrote:
When is KQ buying new plains.
It's current fleet is very old.

Aeroplanes/aircraft
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Ericsson
#15455 Posted : Saturday, November 02, 2024 8:55:34 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,671
Location: NAIROBI
VituVingiSana wrote:
DtheK wrote:
When Wanjiku realizes how much GOK pays to keep this thing going they will "sell it in the morning".
But yes it should trade like the other monkeys.
It is even profitable, for now.

It is not profitable but for a sleight of hand.
The debt service is the problem. For GoK to take over the debt, it will want more shares in KQ.


They are already servicing the KQ debt.
Let them have more shares and repay KQ lenders their money and takeover the shareholding
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
VituVingiSana
#15456 Posted : Saturday, November 02, 2024 9:19:26 PM
Rank: Chief


Joined: 1/3/2007
Posts: 18,095
Location: Nairobi
obiero wrote:
VituVingiSana wrote:
Ericsson wrote:
When is KQ buying new plains.
It's current fleet is very old.

Why does KQ need more plains?
Are they going into ranching?

Chief. Please be polite. Illiteracy is still rampant in Africa


I do not mind ribbing @Ericsson Laughing out loudly but for your peace of mind, I would suggest you write-off the entire KQ stake!

I have had to do that with more than a couple of counters. Lala salama.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
VituVingiSana
#15457 Posted : Saturday, November 02, 2024 9:23:02 PM
Rank: Chief


Joined: 1/3/2007
Posts: 18,095
Location: Nairobi
obiero wrote:
VituVingiSana wrote:
DtheK wrote:
When Wanjiku realizes how much GOK pays to keep this thing going they will "sell it in the morning".
But yes it should trade like the other monkeys.
It is even profitable, for now.

It is not profitable but for a sleight of hand.
The debt service is the problem. For GoK to take over the debt, it will want more shares in KQ.

The larger portion of long term debt was converted into additional shares for KQLC (Kenya Airways Lenders Company) Limited

There are still deferred loans out there.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
VituVingiSana
#15458 Posted : Saturday, November 02, 2024 9:24:33 PM
Rank: Chief


Joined: 1/3/2007
Posts: 18,095
Location: Nairobi
Ericsson wrote:
VituVingiSana wrote:
DtheK wrote:
When Wanjiku realizes how much GOK pays to keep this thing going they will "sell it in the morning".
But yes it should trade like the other monkeys.
It is even profitable, for now.

It is not profitable but for a sleight of hand.
The debt service is the problem. For GoK to take over the debt, it will want more shares in KQ.


They are already servicing the KQ debt.
Let them have more shares and repay KQ lenders their money and takeover the shareholding
#TukoPamoja Laughing out loudly Laughing out loudly Laughing out loudly I want KQ/GoK to repay the lenders and we close this chapter.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
obiero
#15459 Posted : Sunday, November 03, 2024 5:59:31 PM
Rank: Elder


Joined: 6/23/2009
Posts: 13,493
Location: nairobi
VituVingiSana wrote:
obiero wrote:
VituVingiSana wrote:
Ericsson wrote:
When is KQ buying new plains.
It's current fleet is very old.

Why does KQ need more plains?
Are they going into ranching?

Chief. Please be polite. Illiteracy is still rampant in Africa


I do not mind ribbing @Ericsson Laughing out loudly but for your peace of mind, I would suggest you write-off the entire KQ stake!

I have had to do that with more than a couple of counters. Lala salama.

Aluta continua

HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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