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sparkly		#14961 Posted : Friday, July 03, 2020 3:21:35 PM
Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi		obiero wrote: mlennyma wrote: HaMaina wrote: Nairobi bourse suspends KQ shares as State takeover nears throw away price You will be shocked! It was bound to happen. KQ has over Kshs 200B liabilities and not even making money from operations. The state takeover is necessary to add collateral cash inflows for the creditors. If that fails to yield cash for the creditors, expect planes to be seized while flying abroad. Life is short. Live passionately.
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obiero		#14962 Posted : Friday, July 03, 2020 4:46:32 PM
Rank: Elder Joined: 6/23/2009 Posts: 14,232 Location: nairobi		sparkly wrote: obiero wrote: mlennyma wrote: HaMaina wrote: Nairobi bourse suspends KQ shares as State takeover nears throw away price You will be shocked! It was bound to happen. KQ has over Kshs 200B liabilities and not even making money from operations. The state takeover is necessary to add collateral cash inflows for the creditors. If that fails to yield cash for the creditors, expect planes to be seized while flying abroad. In diplomacy, for a national carrier flying our flag, what you are saying is logical but not possible..
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kmucheke		#14963 Posted : Friday, July 03, 2020 5:08:22 PM
Rank: Member Joined: 3/16/2019 Posts: 313		obiero wrote: sparkly wrote: obiero wrote: mlennyma wrote: HaMaina wrote: Nairobi bourse suspends KQ shares as State takeover nears throw away price You will be shocked! It was bound to happen. KQ has over Kshs 200B liabilities and not even making money from operations. The state takeover is necessary to add collateral cash inflows for the creditors. If that fails to yield cash for the creditors, expect planes to be seized while flying abroad. In diplomacy, for a national carrier flying our flag, what you are saying is logical but not possible.. Very possible indeed. Air Zimbabwe planes have been impounded by creditors and only released after debt clearance. LINK Quote: The only operational aircraft of Zimbabwean national carrier, Air Zimbabwe, was impounded by authorities in South Africa over debts. The TimesLIVE news portal reported that the Airports Company of South Africa (Acsa) had impounded the Boeing 767-200 because Air Zimbabwe owed Acsa payments for “landing, parking and passenger services for flights into Johannesburg.”
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HaMaina		#14964 Posted : Friday, July 03, 2020 5:49:03 PM
Rank: Veteran Joined: 4/23/2014 Posts: 931		winmak wrote: Angelica _ann wrote: VituVingiSana wrote: obiero wrote: HaMaina wrote: obiero wrote: littledove wrote: KaunganaDoDo wrote: Ericsson wrote: [quote=nairobby]Suspended indefinitely? https://mobile.twitter.c...966975641853952/photo/1[/quote] This is a LOCKDOWN...NO GETTING IN OR OUT OF THE CITY...those with pesa ya Mboga in the share hopping to dispose off today will go hungry. I think the CMA and NSE chaps must have seen the Buyout price...which must be lower than the price This excitement would have created if the share was trad-able in the medium term. somebody was able to exit a big chunk yesterday, information leak Big buyer Suspended for 3 calendar months. Even 6 months, we can wait To quote someone: "Hung Share" Speculation cut short here, many must have been caught in here @HaMaina I hope this time you exited in good time 😱😱 This one I was not caught off guard. Cheers. “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
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Impunity		#14965 Posted : Friday, July 03, 2020 6:01:32 PM
Rank: Elder Joined: 3/2/2009 Posts: 26,331 Location: Masada		Adios KQ Portfolio: Sold You know you've made it when you get a parking space for your yatcht.
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obiero		#14966 Posted : Friday, July 03, 2020 6:24:14 PM
Rank: Elder Joined: 6/23/2009 Posts: 14,232 Location: nairobi		kmucheke wrote: obiero wrote: sparkly wrote: obiero wrote: mlennyma wrote: HaMaina wrote: Nairobi bourse suspends KQ shares as State takeover nears throw away price You will be shocked! It was bound to happen. KQ has over Kshs 200B liabilities and not even making money from operations. The state takeover is necessary to add collateral cash inflows for the creditors. If that fails to yield cash for the creditors, expect planes to be seized while flying abroad. In diplomacy, for a national carrier flying our flag, what you are saying is logical but not possible.. Very possible indeed. Air Zimbabwe planes have been impounded by creditors and only released after debt clearance. LINK Quote: The only operational aircraft of Zimbabwean national carrier, Air Zimbabwe, was impounded by authorities in South Africa over debts. The TimesLIVE news portal reported that the Airports Company of South Africa (Acsa) had impounded the Boeing 767-200 because Air Zimbabwe owed Acsa payments for “landing, parking and passenger services for flights into Johannesburg.” Apples and oranges
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VituVingiSana		#14967 Posted : Friday, July 03, 2020 6:29:37 PM
Rank: Chief Joined: 1/3/2007 Posts: 18,353 Location: Nairobi		obiero wrote: sparkly wrote: obiero wrote: mlennyma wrote: HaMaina wrote: Nairobi bourse suspends KQ shares as State takeover nears throw away price You will be shocked! It was bound to happen. KQ has over Kshs 200B liabilities and not even making money from operations. The state takeover is necessary to add collateral cash inflows for the creditors. If that fails to yield cash for the creditors, expect planes to be seized while flying abroad. In diplomacy, for a national carrier flying our flag, what you are saying is logical but not possible.. Tanzanian plane impounded in Canada https://www.nation.co.ke...ounded-in-canada-225706 South Africa seizes Air Tanzania plane in Johannesburg https://www.bbc.com/news/world-africa-49460873 Air Zimbabwe's only plane impounded by South Africa over debts https://www.africanews.c...uth-africa-over-debts// Greedy when others are fearful. Very fearful when others are greedy - *to paraphrase Warren Buffett*
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obiero		#14968 Posted : Friday, July 03, 2020 6:31:07 PM
Rank: Elder Joined: 6/23/2009 Posts: 14,232 Location: nairobi		VituVingiSana wrote: obiero wrote: sparkly wrote: obiero wrote: mlennyma wrote: HaMaina wrote: Nairobi bourse suspends KQ shares as State takeover nears throw away price You will be shocked! It was bound to happen. KQ has over Kshs 200B liabilities and not even making money from operations. The state takeover is necessary to add collateral cash inflows for the creditors. If that fails to yield cash for the creditors, expect planes to be seized while flying abroad. In diplomacy, for a national carrier flying our flag, what you are saying is logical but not possible.. Tanzanian plane impounded in Canada https://www.nation.co.ke...ounded-in-canada-225706 South Africa seizes Air Tanzania plane in Johannesburg https://www.bbc.com/news/world-africa-49460873 Air Zimbabwe's only plane impounded by South Africa over debts https://www.africanews.c...uth-africa-over-debts// We are talking about Kenya
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VituVingiSana		#14969 Posted : Friday, July 03, 2020 6:33:40 PM
Rank: Chief Joined: 1/3/2007 Posts: 18,353 Location: Nairobi		Lakini, I have to say, if there is one person who has been LOYAL, it is @Obiero to KQ, from pushing Ngunze's agenda to the current management/board. Even I did not defend KK like this. Ngunze ate his millions and left. As will the others with zero skin in the game. It hurts me that my taxes will bailout out a dead horse BUT I am happy for @Obiero. May he choose better next time. We learn from our mistakes. I have had many lessons from ARM to KQ. Good luck @Obiero. Greedy when others are fearful. Very fearful when others are greedy - *to paraphrase Warren Buffett*
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Extraterrestrial		#14970 Posted : Friday, July 03, 2020 7:32:05 PM
Rank: Member Joined: 11/17/2018 Posts: 173 Location: Mars		Just like some busy bodies still post in the Kenol Kobil thread, even after KQ cash hits shareholders' accounts, people will still be posting in this King of Threads.
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