Rank: Elder Joined: 12/4/2009 Posts: 10,804 Location: NAIROBI
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VituVingiSana wrote:obiero wrote:rwitre wrote:Spikes wrote:VituVingiSana wrote:obiero wrote:nairobby wrote:obiero wrote:Invepreneur wrote:obiero wrote:rwitre wrote:obiero wrote:HaMaina wrote:VituVingiSana wrote:HaMaina wrote:Ericsson wrote:Share price at below ksh.4 Ksh 4.00 post consolidation or Ksh 1.00 pre consolidation. Something is not right here, KQ had better do something fast to regain investor confidence. I hope MJ didn't scam shareholders by promising a rights issue after consolidation. At 10:22:32 the grand total demand for KQ shares is ZERO. Latest traded price in -10% compared to 7th May 2019. Either @spikes or @sprakly said he is waiting for 2/-. 2 Bob would be 0.50 cts equivalent,minority shareholders were played bigtime,I hope something comes up soon. I am thinking of buying additional stock sums gradually effective tomorrow. I'm currently at All Saints Cathedral seeking the spirit of discernment in my stated move Pumping more cash in? Your investment journey will make a nice case study one day I literally have no choice! I'm down 86%.. Imagine that.. Selling now is not at option. I would rather risk it all Sunk cost fallacy? Sunk cost reality! I bought 96,100 KQ shares AT KES 2,303,517 and now they are worth KES 336,350.. I do not need that loose change. I would rather take a gamble on the side of KQLC minimum projected sale price of KES 8.52 Wait for it to go even lower before averaging down imo. Or don't do it altogether, minority shareholders may not be guaranteed of anything if GoK decides to Nationalize It is impossible that the minority shareholders will be thrown out without an actual price. The shares are not worth zero.. If KQLC are getting paid, then KLM, KQ ESOP and minority shareholders will get paid.. Remember KQLC are no longer creditors but shareholders of ordinary shares.. They converted their debts to equity just 19 months ago at KES 8.52 per share. Will they take less? I too support GoK buying out KQLC at 8.52 (or more) and only KQLC's shares in KQ. Will minority shareholders be left hopeless if government resolves for a buyout? Minority shareholders are not a priority for the government anywhere. The question here is about legality in treatment of an ordinary share in KQ.. There will be no differentiation incase nationalization is undertaken, unless GoK wants court cases by the other shareholders. KES 8.52 is the new minimum fair price GoK should only buy KQLC's shares. Or buy KQLC itself which has no other assets but KQ shares. That way GoK can avoid having to buy others' shares at a premium. Alternatively, agree with KQLC and KLM to delist but not as a takeover. Once delisted, GoK can enter into a deal to buy KQLC's shares and just KQLC. Or even KLM.  Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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