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Kenya Airways...why ignore..

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VituVingiSana		#15391 Posted : Thursday, July 21, 2022 8:11:40 PM
Rank: Chief Joined: 1/3/2007 Posts: 18,344 Location: Nairobi		My 2 cents wrote: Impunity wrote: KQ reneges on new share promise to small owners Kenya Airways has reneged on a promise to minority shareholders to issue them with new stakes at a discount as compensation for ownership cut they suffered during the airline’s 2017 restructuring. Small investors lost 75 per cent of the shares they held in the company in the financial engineering that accompanied the conversion of $587.6 million (Sh69.6 billion) loans from the National Treasury, KLM and banks to equity. On a light note. A person who owns a yatch should know how to spell yatch Back to business. Most airlines should be run as a social enterprise. To provide a service with no expectation of making a profit. But will full expectation of making a loss every now and then. Which should not be run as a social enterprise? Greedy when others are fearful. Very fearful when others are greedy - *to paraphrase Warren Buffett*
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chiaroscuro		#15392 Posted : Thursday, July 28, 2022 11:05:26 AM
Rank: Veteran Joined: 2/2/2012 Posts: 1,134 Location: Nairobi		Impunity wrote: KQ reneges on new share promise to small owners Kenya Airways has reneged on a promise to minority shareholders to issue them with new stakes at a discount as compensation for ownership cut they suffered during the airline’s 2017 restructuring. Small investors lost 75 per cent of the shares they held in the company in the financial engineering that accompanied the conversion of $587.6 million (Sh69.6 billion) loans from the National Treasury, KLM and banks to equity. Did anyone lose shares? Or were they just diluted because new shares were created and offered to creditors in exchange for loans beings converted to equity? The reality is that the creditors were the losers; not the minority shareholders!
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VituVingiSana		#15393 Posted : Thursday, July 28, 2022 12:21:16 PM
Rank: Chief Joined: 1/3/2007 Posts: 18,344 Location: Nairobi		chiaroscuro wrote: Impunity wrote: KQ reneges on new share promise to small owners Kenya Airways has reneged on a promise to minority shareholders to issue them with new stakes at a discount as compensation for ownership cut they suffered during the airline’s 2017 restructuring. Small investors lost 75 per cent of the shares they held in the company in the financial engineering that accompanied the conversion of $587.6 million (Sh69.6 billion) loans from the National Treasury, KLM and banks to equity. Did anyone lose shares? Or were they just diluted because new shares were created and offered to creditors in exchange for loans beings converted to equity? The reality is that the creditors were the losers; not the minority shareholders! If GoK had allowed the creditors to do their thing... KQ would be in liquidation. Greedy when others are fearful. Very fearful when others are greedy - *to paraphrase Warren Buffett*
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obiero		#15394 Posted : Wednesday, August 03, 2022 6:20:16 AM
Rank: Elder Joined: 6/23/2009 Posts: 14,211 Location: nairobi		VituVingiSana wrote: chiaroscuro wrote: Impunity wrote: KQ reneges on new share promise to small owners Kenya Airways has reneged on a promise to minority shareholders to issue them with new stakes at a discount as compensation for ownership cut they suffered during the airline’s 2017 restructuring. Small investors lost 75 per cent of the shares they held in the company in the financial engineering that accompanied the conversion of $587.6 million (Sh69.6 billion) loans from the National Treasury, KLM and banks to equity. Did anyone lose shares? Or were they just diluted because new shares were created and offered to creditors in exchange for loans beings converted to equity? The reality is that the creditors were the losers; not the minority shareholders! If GoK had allowed the creditors to do their thing... KQ would be in liquidation. No shares were lost and the restructuring did save KQ, but the Open Offer would have created value for the diluted minority shareholders KQ ABP 4.26
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obiero		#15395 Posted : Wednesday, August 24, 2022 2:04:27 PM
Rank: Elder Joined: 6/23/2009 Posts: 14,211 Location: nairobi		https://www.businessdail...booking-recovery-3924626 KQ ABP 4.26
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obiero		#15396 Posted : Sunday, October 16, 2022 5:17:29 PM
Rank: Elder Joined: 6/23/2009 Posts: 14,211 Location: nairobi		Africa's Leading Airline Africa's Leading Airline - Business Class Africa's Leading Airline - Brand Africa's Leading Inflight Magazine A King is rarely appreciated in his household KQ ABP 4.26
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obiero		#15397 Posted : Thursday, October 27, 2022 6:41:12 PM
Rank: Elder Joined: 6/23/2009 Posts: 14,211 Location: nairobi		Do or die https://www.businessdail...-of-strike-talks-3998930 KQ ABP 4.26
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VituVingiSana		#15398 Posted : Friday, October 28, 2022 2:08:16 AM
Rank: Chief Joined: 1/3/2007 Posts: 18,344 Location: Nairobi		obiero wrote: Do or die https://www.businessdail...of-strike-talks-3998930 The best thing for taxpayers is that KQ goes into bankruptcy. Greedy when others are fearful. Very fearful when others are greedy - *to paraphrase Warren Buffett*
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obiero		#15399 Posted : Friday, October 28, 2022 8:17:09 AM
Rank: Elder Joined: 6/23/2009 Posts: 14,211 Location: nairobi		VituVingiSana wrote: obiero wrote: Do or die https://www.businessdail...of-strike-talks-3998930 The best thing for taxpayers is that KQ goes into bankruptcy. The President has other ideas KQ ABP 4.26
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obiero		#15400 Posted : Wednesday, November 02, 2022 7:19:04 PM
Rank: Elder Joined: 6/23/2009 Posts: 14,211 Location: nairobi		obiero wrote: VituVingiSana wrote: obiero wrote: Do or die https://www.businessdail...of-strike-talks-3998930 The best thing for taxpayers is that KQ goes into bankruptcy. The President has other ideas Who will blink first KQ ABP 4.26
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