Wazua
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Kenya Airways...why ignore..
Rank: Chief Joined: 1/3/2007 Posts: 18,200 Location: Nairobi
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obiero wrote:Meanwhile, confirmed in today's AGM. The KES 1.5B Open Offer has been abandoned by the KQ board. Bring down your ABP via more purchases, or deal with the situation through therapy sessions CBT-Kenya (Cognitive Behavioral Therapy-Kenya) is a psychotherapy centre in Kilimani area, Nairobi that offers counseling and therapy sessions for persons from all walks of life. https://www.cbtkenya.org...vices-nairobi-cbt-kenya/Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Chief Joined: 1/3/2007 Posts: 18,200 Location: Nairobi
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obiero wrote:VituVingiSana wrote:obiero wrote:VituVingiSana wrote:obiero wrote:VituVingiSana wrote:obiero wrote:That's the law of airline trade. You have to be prepared for early check in. Plus on the positive, an overbooked airline, is a healthy airline. Rather over, than under. Long live Michael Joseph Lakini, MJ has left the building. A good dancer must know when to leave the stage. In his case, full term has been served as per company MEMARTS. If only the PIIP would have gone through, right now KQ would be unrecognizable from an investment perspective. He did his best, in my view Why are you still bullish post-MJ? BTW, JJ made a loss. It has also borrowed more money from NCBA to repay arrears. In GoK I trust. Financially speaking. Leaving politics aside. Plus KQLC are unlikely to let their significant stake go down the drain Good luck trusting GoK. KQLC is not in the same boat as you. They have some guarantees which you do not. Let me understand what you are saying. That their shares are not pari pasu? Yes, they are.Each KQLC share has equal value to my share. Remember, it was bank debt that was converted to equity. That conversion came with guarantees. I do not recall exactly but I think 50% of the converted debt will be paid by GoK. In other words, banks will get a minimum of 50% in case the shares go to zero . Of what good would be a GoK guarantee considering state of economy now. Didn't GoK pay off the loan KQ defaulted on even with the current state of the economy?Their best resolve is to aid KQ to prosper. Yes, but their interests are semi-protected unlike yours if KQ goes completely belly-up Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 6/23/2009 Posts: 13,746 Location: nairobi
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VituVingiSana wrote:obiero wrote:VituVingiSana wrote:obiero wrote:VituVingiSana wrote:obiero wrote:VituVingiSana wrote:obiero wrote:That's the law of airline trade. You have to be prepared for early check in. Plus on the positive, an overbooked airline, is a healthy airline. Rather over, than under. Long live Michael Joseph Lakini, MJ has left the building. A good dancer must know when to leave the stage. In his case, full term has been served as per company MEMARTS. If only the PIIP would have gone through, right now KQ would be unrecognizable from an investment perspective. He did his best, in my view Why are you still bullish post-MJ? BTW, JJ made a loss. It has also borrowed more money from NCBA to repay arrears. In GoK I trust. Financially speaking. Leaving politics aside. Plus KQLC are unlikely to let their significant stake go down the drain Good luck trusting GoK. KQLC is not in the same boat as you. They have some guarantees which you do not. Let me understand what you are saying. That their shares are not pari pasu? Yes, they are.Each KQLC share has equal value to my share. Remember, it was bank debt that was converted to equity. That conversion came with guarantees. I do not recall exactly but I think 50% of the converted debt will be paid by GoK. In other words, banks will get a minimum of 50% in case the shares go to zero . Of what good would be a GoK guarantee considering state of economy now. Didn't GoK pay off the loan KQ defaulted on even with the current state of the economy?Their best resolve is to aid KQ to prosper. Yes, but their interests are semi-protected unlike yours if KQ goes completely belly-up KQLC held 10,681,190,192 KQ shares pre consolidated resulting in 2,670,297,548 post consolidation, with ownership percentage of 38%. That means KES 22.7B investment using KES 8.52 OMC (ordinary mandatory convert) used in 2017 when the debt to equity swap was performed. You imagine that the banks will be ready to forfeit KES 11.3B https://corporate.kenya-...d-business-transactions/
COOP 255,000 ABP 15.85; IMH 5,000 ABP 35.55; KQ 604,200 ABP 6.96; MTN 23,800 ABP 5.20
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Rank: Chief Joined: 1/3/2007 Posts: 18,200 Location: Nairobi
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obiero wrote:VituVingiSana wrote:obiero wrote:VituVingiSana wrote:obiero wrote:VituVingiSana wrote:obiero wrote:VituVingiSana wrote:obiero wrote:That's the law of airline trade. You have to be prepared for early check in. Plus on the positive, an overbooked airline, is a healthy airline. Rather over, than under. Long live Michael Joseph Lakini, MJ has left the building. A good dancer must know when to leave the stage. In his case, full term has been served as per company MEMARTS. If only the PIIP would have gone through, right now KQ would be unrecognizable from an investment perspective. He did his best, in my view Why are you still bullish post-MJ? BTW, JJ made a loss. It has also borrowed more money from NCBA to repay arrears. In GoK I trust. Financially speaking. Leaving politics aside. Plus KQLC are unlikely to let their significant stake go down the drain Good luck trusting GoK. KQLC is not in the same boat as you. They have some guarantees which you do not. Let me understand what you are saying. That their shares are not pari pasu? Yes, they are.Each KQLC share has equal value to my share. Remember, it was bank debt that was converted to equity. That conversion came with guarantees. I do not recall exactly but I think 50% of the converted debt will be paid by GoK. In other words, banks will get a minimum of 50% in case the shares go to zero . Of what good would be a GoK guarantee considering state of economy now. Didn't GoK pay off the loan KQ defaulted on even with the current state of the economy?Their best resolve is to aid KQ to prosper. Yes, but their interests are semi-protected unlike yours if KQ goes completely belly-up KQLC held 10,681,190,192 KQ shares pre consolidated resulting in 2,670,297,548 post consolidation, with ownership percentage of 38%. That means KES 22.7B investment using KES 8.52 OMC (ordinary mandatory convert) used in 2017 when the debt to equity swap was performed. You imagine that the banks will be ready to forfeit KES 11.3B https://corporate.kenya-...-business-transactions/ 11.5bn today > 23bn who knows when? Yes, there are banks who would rather take the haircut and move on. We see that all the time with intractable NPLs. Any bank that had accepted a 50% haircut in 2017 would have made 100%+ by May 2025 by investing in a 10-year IFB in 2017. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 6/23/2009 Posts: 13,746 Location: nairobi
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VituVingiSana wrote:obiero wrote:VituVingiSana wrote:obiero wrote:VituVingiSana wrote:obiero wrote:VituVingiSana wrote:obiero wrote:VituVingiSana wrote:obiero wrote:That's the law of airline trade. You have to be prepared for early check in. Plus on the positive, an overbooked airline, is a healthy airline. Rather over, than under. Long live Michael Joseph Lakini, MJ has left the building. A good dancer must know when to leave the stage. In his case, full term has been served as per company MEMARTS. If only the PIIP would have gone through, right now KQ would be unrecognizable from an investment perspective. He did his best, in my view Why are you still bullish post-MJ? BTW, JJ made a loss. It has also borrowed more money from NCBA to repay arrears. In GoK I trust. Financially speaking. Leaving politics aside. Plus KQLC are unlikely to let their significant stake go down the drain Good luck trusting GoK. KQLC is not in the same boat as you. They have some guarantees which you do not. Let me understand what you are saying. That their shares are not pari pasu? Yes, they are.Each KQLC share has equal value to my share. Remember, it was bank debt that was converted to equity. That conversion came with guarantees. I do not recall exactly but I think 50% of the converted debt will be paid by GoK. In other words, banks will get a minimum of 50% in case the shares go to zero . Of what good would be a GoK guarantee considering state of economy now. Didn't GoK pay off the loan KQ defaulted on even with the current state of the economy?Their best resolve is to aid KQ to prosper. Yes, but their interests are semi-protected unlike yours if KQ goes completely belly-up KQLC held 10,681,190,192 KQ shares pre consolidated resulting in 2,670,297,548 post consolidation, with ownership percentage of 38%. That means KES 22.7B investment using KES 8.52 OMC (ordinary mandatory convert) used in 2017 when the debt to equity swap was performed. You imagine that the banks will be ready to forfeit KES 11.3B https://corporate.kenya-...-business-transactions/ 11.5bn today > 23bn who knows when? Yes, there are banks who would rather take the haircut and move on. We see that all the time with intractable NPLs. Any bank that had accepted a 50% haircut in 2017 would have made 100%+ by May 2025 by investing in a 10-year IFB in 2017. I hear you. Let's wait and see
COOP 255,000 ABP 15.85; IMH 5,000 ABP 35.55; KQ 604,200 ABP 6.96; MTN 23,800 ABP 5.20
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Rank: Elder Joined: 6/23/2009 Posts: 13,746 Location: nairobi
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GoK to the rescue https://x.com/wnyakera/status/1934466838189973745
COOP 255,000 ABP 15.85; IMH 5,000 ABP 35.55; KQ 604,200 ABP 6.96; MTN 23,800 ABP 5.20
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Rank: Elder Joined: 6/23/2009 Posts: 13,746 Location: nairobi
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Fair value KES 8.52
COOP 255,000 ABP 15.85; IMH 5,000 ABP 35.55; KQ 604,200 ABP 6.96; MTN 23,800 ABP 5.20
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Rank: Veteran Joined: 7/1/2014 Posts: 920 Location: sky
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https://www.businessdailyafrica.com/bd/corporate/shipping-logistics/kq-eyes-more-doha-flights-in-deal-with-qatar-airways-5102904We have signed an MoU with @qatarairways to enhance Kenya–Qatar connectivity through codeshare flights, a new Mombasa–Doha route, and future collaboration in cargo, loyalty, and ground services. Qatar Airways and @KenyaAirways have signed an MoU to form a strategic partnership, featuring a comprehensive codeshare agreement and increased connectivity between Kenya and Qatar. The collaboration opens doors to expanded network access, joint services, and deeper cooperation across cargo, loyalty programs, ground services, and more. The new offering will be complemented by the launch of Kenya Airways operated, and Qatar Airways marketed, flights between Mombasa and Doha in the coming winter season. 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
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Rank: Elder Joined: 7/22/2009 Posts: 7,558
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Boeing 787s Remain Grounded!!!Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
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Rank: Elder Joined: 7/22/2009 Posts: 7,558
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The easiest way to become a millionaire is to start as a billionaire and then start an airline ~ Richard Branson. Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
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Rank: Elder Joined: 6/23/2009 Posts: 13,746 Location: nairobi
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MaichBlack wrote:The easiest way to become a millionaire is to start as a billionaire and then start an airline ~ Richard Branson. So says the man with 51% shareholding in Virgin Atlantic
COOP 255,000 ABP 15.85; IMH 5,000 ABP 35.55; KQ 604,200 ABP 6.96; MTN 23,800 ABP 5.20
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Rank: Elder Joined: 6/23/2009 Posts: 13,746 Location: nairobi
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Hit on revenue, miss on OPEX. See saw finance.
COOP 255,000 ABP 15.85; IMH 5,000 ABP 35.55; KQ 604,200 ABP 6.96; MTN 23,800 ABP 5.20
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Rank: Elder Joined: 6/23/2009 Posts: 13,746 Location: nairobi
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littledove wrote:https://www.businessdailyafrica.com/bd/corporate/shipping-logistics/kq-eyes-more-doha-flights-in-deal-with-qatar-airways-5102904We have signed an MoU with @qatarairways to enhance Kenya–Qatar connectivity through codeshare flights, a new Mombasa–Doha route, and future collaboration in cargo, loyalty, and ground services. Qatar Airways and @KenyaAirways have signed an MoU to form a strategic partnership, featuring a comprehensive codeshare agreement and increased connectivity between Kenya and Qatar. The collaboration opens doors to expanded network access, joint services, and deeper cooperation across cargo, loyalty programs, ground services, and more. The new offering will be complemented by the launch of Kenya Airways operated, and Qatar Airways marketed, flights between Mombasa and Doha in the coming winter season. Fair value KES 8.52
COOP 255,000 ABP 15.85; IMH 5,000 ABP 35.55; KQ 604,200 ABP 6.96; MTN 23,800 ABP 5.20
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Rank: Chief Joined: 1/3/2007 Posts: 18,200 Location: Nairobi
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obiero wrote:MaichBlack wrote:The easiest way to become a millionaire is to start as a billionaire and then start an airline ~ Richard Branson. So says the man with 51% shareholding in Virgin Atlantic https://africa.businessi...otection-in-the/vm3j3gg (2020) Richard Branson's Virgin Atlantic is seeking Chapter 15 bankruptcy protection in the US while it scrambles to finalize a rescue plan Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Chief Joined: 1/3/2007 Posts: 18,200 Location: Nairobi
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What aircraft will KQ use on the MBA-DOH route? Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Chief Joined: 1/3/2007 Posts: 18,200 Location: Nairobi
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fleet data indicate that three of the airline’s Dreamliners remain parked, with six units active, bringing the total number of delivered units to nine. >>> So only 6 of 9 Boeing 787s are flying! Data shows that 5Y-KZA, the first 787 delivered to the airline and named ‘The Great Rift Valley,’ has been parked in Nairobi. Meanwhile, 5Y-KZC and 5Y-KZH have also been parked as part of ongoing maintenance challenges. >>> Good luck to KQ. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 6/23/2009 Posts: 13,746 Location: nairobi
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VituVingiSana wrote:fleet data indicate that three of the airline’s Dreamliners remain parked, with six units active, bringing the total number of delivered units to nine. >>> So only 6 of 9 Boeing 787s are flying! Data shows that 5Y-KZA, the first 787 delivered to the airline and named ‘The Great Rift Valley,’ has been parked in Nairobi. Meanwhile, 5Y-KZC and 5Y-KZH have also been parked as part of ongoing maintenance challenges. >>> Good luck to KQ. 6/9 is not too shabby for Boeing. Remember there's a global issue in parts. However, KQ fleet really needs to expand https://www.kenya-airway...r-aircraft/boeing-787-8/
COOP 255,000 ABP 15.85; IMH 5,000 ABP 35.55; KQ 604,200 ABP 6.96; MTN 23,800 ABP 5.20
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Rank: Chief Joined: 1/3/2007 Posts: 18,200 Location: Nairobi
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obiero wrote:fleet data indicate that three of the airline’s Dreamliners remain parked, with six units active, bringing the total number of delivered units to nine. >>> So only 6 of 9 Boeing 787s are flying! Data shows that 5Y-KZA, the first 787 delivered to the airline and named ‘The Great Rift Valley,’ has been parked in Nairobi. Meanwhile, 5Y-KZC and 5Y-KZH have also been parked as part of ongoing maintenance challenges. >>> Good luck to KQ. 6/9 is not too shabby for Boeing. Remember there's a global issue in parts. However, KQ fleet really needs to expand https://www.kenya-airway...-aircraft/boeing-787-8/[/quote] 6/9 is not too shabby for Boeing  So 33% of the 787 fleet out of commission is not too shabby? Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Veteran Joined: 7/1/2014 Posts: 920 Location: sky
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Six more KQ flights added to Nairobi-London route as Kenya, UK ink dealKenya and the United Kingdom have agreed to introduce six additional Kenya Airways flights between Nairobi and London every week in a move which President William Ruto says is aimed at addressing persistent cargo and passenger challenges. The deal was made after President Ruto met UK Prime Minister Sir Keir Starmer, where they signed a renewed Kenya-UK strategic partnership set to unlock major investments, create jobs, and boost Kenya's global competitiveness in trade, climate, technology, and security. This is a clear indication government is very serious on KQ. 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
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Rank: Elder Joined: 7/22/2009 Posts: 7,558
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obiero wrote:VituVingiSana wrote:fleet data indicate that three of the airline’s Dreamliners remain parked, with six units active, bringing the total number of delivered units to nine. >>> So only 6 of 9 Boeing 787s are flying! Data shows that 5Y-KZA, the first 787 delivered to the airline and named ‘The Great Rift Valley,’ has been parked in Nairobi. Meanwhile, 5Y-KZC and 5Y-KZH have also been parked as part of ongoing maintenance challenges. >>> Good luck to KQ. 6/9 is not too shabby for Boeing. Remember there's a global issue in parts. However, KQ fleet really needs to expand https://www.kenya-airway...-aircraft/boeing-787-8/ > Surely @Obiero!!! Even by your standard this is a new extreme. 33% of Boeings grounded for up to 6 months and counting and it is "not to shabby"??? You have taken defending the indefensible to a new high (or is it low? ) Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
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