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Kenya Airways...why ignore..
Rank: Elder Joined: 6/23/2009 Posts: 14,321 Location: nairobi
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Pesa Nane wrote:obiero wrote:Pesa Nane wrote:obiero wrote:WaHande wrote:@14 and still going strong headed to KES 17.. thats the real barrier to use wazua language, resistance.. Its that time of the year when cash is KING. Jumped out.  Will catch you again sooner.  SMH.. You just sold because its December? If IFC/GoK did that too then where would we be? Anyway, I dont have immediate need for cash hence reason why I stick it out awaiting the sweet day when I shall get rich from KQ That December 03, 2013 was a truely blessed day! Are you coming back? Citigroup unable to advise foreign investors whether to buy or sell KQ shares COOP, IMH, KEGN, KQ, MTNU
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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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obiero wrote:Pesa Nane wrote:obiero wrote:Pesa Nane wrote:obiero wrote:WaHande wrote:@14 and still going strong headed to KES 17.. thats the real barrier to use wazua language, resistance.. Its that time of the year when cash is KING. Jumped out. Will catch you again sooner. SMH.. You just sold because its December? If IFC/GoK did that too then where would we be? Anyway, I dont have immediate need for cash hence reason why I stick it out awaiting the sweet day when I shall get rich from KQ That December 03, 2013 was a truely blessed day! Are you coming back? Citigroup unable to advise foreign investors whether to buy or sell KQ shares Government subsidies...that's all they need. possunt quia posse videntur
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Rank: Veteran Joined: 8/16/2009 Posts: 994
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Seeking financial assistance was expected. I don't envy KQ CFO for now. Given that government shareholding is below 30%, and in my view KQ will not be able to repay that debt, options that remain will be conversion of government debt to equity at a later date and in the process allow the government to be the majority shareholder. I wonder what plans KLM has. Talking of gvt bailouts CS treasury should also set aside cash for Mumias and possibly Uchumi??? Welcome to 2015, the year of bailouts. Time is money, so money is time. Money saved is time gained in reverse! Money stores your life’s energy. You expend your energy, get paid money, and store that money for a future purchase made in a currency.
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Rank: Chief Joined: 1/3/2007 Posts: 18,380 Location: Nairobi
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Gatheuzi wrote:Seeking financial assistance was expected. I don't envy KQ CFO for now. Given that government shareholding is below 30%, and in my view KQ will not be able to repay that debt, options that remain will be conversion of government debt to equity at a later date and in the process allow the government to be the majority shareholder. I wonder what plans KLM has.
Talking of gvt bailouts CS treasury should also set aside cash for Mumias and possibly Uchumi??? Welcome to 2015, the year of bailouts.
The current CFO is part of the problem when KQ did the Rights Issue. He needs to go instead of leaving him in place trying to finagle numbers. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 5/27/2008 Posts: 3,760
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Gatheuzi wrote:Seeking financial assistance was expected. I don't envy KQ CFO for now. Given that government shareholding is below 30%, and in my view KQ will not be able to repay that debt, options that remain will be conversion of government debt to equity at a later date and in the process allow the government to be the majority shareholder. I wonder what plans KLM has.
Talking of gvt bailouts CS treasury should also set aside cash for Mumias and possibly Uchumi??? Welcome to 2015, the year of bailouts.
Wasn't aware KQ had government debt. If anything, GoK is an accounts receivable in KQ books due to VAT refunds.
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Rank: Elder Joined: 5/25/2012 Posts: 4,105 Location: 08c
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obiero wrote:Pesa Nane wrote:obiero wrote:Pesa Nane wrote:obiero wrote:WaHande wrote:@14 and still going strong headed to KES 17.. thats the real barrier to use wazua language, resistance.. Its that time of the year when cash is KING. Jumped out. Will catch you again sooner. SMH.. You just sold because its December? If IFC/GoK did that too then where would we be? Anyway, I dont have immediate need for cash hence reason why I stick it out awaiting the sweet day when I shall get rich from KQ That December 03, 2013 was a truely blessed day! Are you coming back?Citigroup unable to advise foreign investors whether to buy or sell KQ shares For now watching from the sidelines, but should an attractive bottom suddenly appear... Pesa Nane plans to be shilingi when he grows up.
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Rank: Elder Joined: 5/25/2012 Posts: 4,105 Location: 08c
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obiero wrote:Pesa Nane wrote:obiero wrote:Pesa Nane wrote:obiero wrote:WaHande wrote:@14 and still going strong headed to KES 17.. thats the real barrier to use wazua language, resistance.. Its that time of the year when cash is KING. Jumped out. Will catch you again sooner. SMH.. You just sold because its December? If IFC/GoK did that too then where would we be? Anyway, I dont have immediate need for cash hence reason why I stick it out awaiting the sweet day when I shall get rich from KQ That December 03, 2013 was a truely blessed day! Are you coming back?Citigroup unable to advise foreign investors whether to buy or sell KQ shares For now watching from the sidelines, but should an attractive bottom suddenly appear... Pesa Nane plans to be shilingi when he grows up.
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Rank: Veteran Joined: 8/16/2009 Posts: 994
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Gordon Gekko wrote:Gatheuzi wrote:Seeking financial assistance was expected. I don't envy KQ CFO for now. Given that government shareholding is below 30%, and in my view KQ will not be able to repay that debt, options that remain will be conversion of government debt to equity at a later date and in the process allow the government to be the majority shareholder. I wonder what plans KLM has.
Talking of gvt bailouts CS treasury should also set aside cash for Mumias and possibly Uchumi??? Welcome to 2015, the year of bailouts.
Wasn't aware KQ had government debt. If anything, GoK is an accounts receivable in KQ books due to VAT refunds. Not at the moment, I am referring to the option being suggested by CITI to get government grant, which obviously can only be thought a debt. Time is money, so money is time. Money saved is time gained in reverse! Money stores your life’s energy. You expend your energy, get paid money, and store that money for a future purchase made in a currency.
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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obiero wrote:Pesa Nane wrote:obiero wrote:Pesa Nane wrote:obiero wrote:WaHande wrote:@14 and still going strong headed to KES 17.. thats the real barrier to use wazua language, resistance.. Its that time of the year when cash is KING. Jumped out. Will catch you again sooner. SMH.. You just sold because its December? If IFC/GoK did that too then where would we be? Anyway, I dont have immediate need for cash hence reason why I stick it out awaiting the sweet day when I shall get rich from KQ That December 03, 2013 was a truely blessed day! Are you coming back? Citigroup unable to advise foreign investors whether to buy or sell KQ shares Was this the same citi that was handling the spectacular failure of a rights issue by KQ? Don't they have shame?
@obiero - you should be pissed at this citi advice. Such a fox.$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Elder Joined: 6/23/2009 Posts: 14,321 Location: nairobi
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hisah wrote:obiero wrote:Pesa Nane wrote:obiero wrote:Pesa Nane wrote:obiero wrote:WaHande wrote:@14 and still going strong headed to KES 17.. thats the real barrier to use wazua language, resistance.. Its that time of the year when cash is KING. Jumped out. Will catch you again sooner. SMH.. You just sold because its December? If IFC/GoK did that too then where would we be? Anyway, I dont have immediate need for cash hence reason why I stick it out awaiting the sweet day when I shall get rich from KQ That December 03, 2013 was a truely blessed day! Are you coming back? Citigroup unable to advise foreign investors whether to buy or sell KQ shares Was this the same citi that was handling the spectacular failure of a rights issue by KQ? Don't they have shame?
@obiero - you should be pissed at this citi advice. Such a fox. @hisah such is the rot at CMA that they allow audited financial accounts to be falsified with overstated asset values.. im still inside the plane, observing.. COOP, IMH, KEGN, KQ, MTNU
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