Ericsson wrote:obiero wrote:littledove wrote:just out of curiosity are the KQLC LTD allowed to dispose their shares through nse?
Yes, but remember they were allocated at KES 2.17 pre consolidation, implying KES 8.68 minimum break even
Government should buy them out tutoke Kwa hii ujinga or KQ should start setting targets of buying them out via particular stake every year through share buyback
have been doing research on KQ as well as buying slowly. just realized that minority shareholders own
only 2% of kq, around 130million shares.
with just 1million shares you become top 10 shareholder.
With that distribution of shares somebody big have been exiting at 5.50 only two individuals have such huge shares or a kq lender
On profitability last year was a milestone with first
gross profit in many years, and half year was even better with first net profit since 2013. ON that we expect first net profit in many years. may be michael joseph and team are doing wonders and we are likely to see a better kq going forward though we don't expect dividend in near future.
There are only two emotions in the stock market, fear and hope. The problem is, you hope when you should fear and fear when you should hope