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Kenya Airways...why ignore..
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obiero
#15431 Posted : Tuesday, March 26, 2024 7:09:05 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,211
Location: nairobi
obiero wrote:
obiero wrote:
Significant loss loading

To those that will be reading this in future, note that this was intelligent speculation. A sojourn

10.5B operating profit https://www.reuters.com/...-profit-2023-2024-03-26/

KQ ABP 4.26
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  | | Edit by user: Tuesday, March 26, 2024 7:11 PM | Reason: Not specified
VituVingiSana
#15432 Posted : Friday, April 12, 2024 5:02:23 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,344
Location: Nairobi
How Kenya Airways passengers lost Sh4.3 billion on ticket expiry breach

https://www.businessdail...llion-on-ticket--4587528
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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obiero
#15433 Posted : Monday, April 15, 2024 9:20:03 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,211
Location: nairobi
Kenya Airways to be sold before end of October 2024.. https://www.citizen.digi...s-in-equity-deal-n340270

KQ ABP 4.26
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VituVingiSana
#15434 Posted : Monday, April 15, 2024 10:57:54 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,344
Location: Nairobi
[quote=obiero]Kenya Airways to be sold before end of October 2024.. https://www.citizen.digi...-in-equity-deal-n340270[/quote]
It does NOT say that KQ will be sold but 49% of the shares may be sold to a foreign investor.
The details are hazy.
Given the complexity of the transaction, unless a lot of the legwork has been done, it is unlikely to close by Oct 2024.

KQ has a new FF program (Asante) so it does seem it is getting ready to get a new partner.

Since KQ needs cash, it is likely that an investor with cash to pump in will be sought i.e. new shares issued vs a sale of existing shares.

The catch is what happens to the massive debt?
Will GoK take it on?

OR will the "Old" KQ still keep it on its books but become a 51% shareholders of "New" KQ?

What about the leased planes? Will New KQ take them over?

What is certain is that the minority shareholders eg @Obiero will have to be content with a "dilution" of their shareholding.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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obiero
#15435 Posted : Tuesday, April 16, 2024 3:30:01 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,211
Location: nairobi
VituVingiSana wrote:
[quote=obiero]Kenya Airways to be sold before end of October 2024.. https://www.citizen.digi...-in-equity-deal-n340270[/quote]
It does NOT say that KQ will be sold but 49% of the shares may be sold to a foreign investor.
The details are hazy.
Given the complexity of the transaction, unless a lot of the legwork has been done, it is unlikely to close by Oct 2024.

KQ has a new FF program (Asante) so it does seem it is getting ready to get a new partner.

Since KQ needs cash, it is likely that an investor with cash to pump in will be sought i.e. new shares issued vs a sale of existing shares.

The catch is what happens to the massive debt?
Will GoK take it on?

OR will the "Old" KQ still keep it on its books but become a 51% shareholders of "New" KQ?

What about the leased planes? Will New KQ take them over?

What is certain is that the minority shareholders eg @Obiero will have to be content with a "dilution" of their shareholding.

I have been within the discussion rooms in this matter and let me tell you that the Open Offer remains on the table

KQ ABP 4.26
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VituVingiSana
#15436 Posted : Tuesday, April 16, 2024 10:37:25 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,344
Location: Nairobi
obiero wrote:
VituVingiSana wrote:
[quote=obiero]Kenya Airways to be sold before end of October 2024.. https://www.citizen.digi...-in-equity-deal-n340270[/quote]
It does NOT say that KQ will be sold but 49% of the shares may be sold to a foreign investor.
The details are hazy.
Given the complexity of the transaction, unless a lot of the legwork has been done, it is unlikely to close by Oct 2024.

KQ has a new FF program (Asante) so it does seem it is getting ready to get a new partner.

Since KQ needs cash, it is likely that an investor with cash to pump in will be sought i.e. new shares issued vs a sale of existing shares.

The catch is what happens to the massive debt?
Will GoK take it on?

OR will the "Old" KQ still keep it on its books but become a 51% shareholders of "New" KQ?

What about the leased planes? Will New KQ take them over?

What is certain is that the minority shareholders eg @Obiero will have to be content with a "dilution" of their shareholding.

I have been within the discussion rooms in this matter and let me tell you that the Open Offer remains on the table
Good Luck...
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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obiero
#15437 Posted : Saturday, June 22, 2024 10:25:40 AM
Rank: Elder

Joined: 6/23/2009
Posts: 14,211
Location: nairobi
VituVingiSana wrote:
obiero wrote:
VituVingiSana wrote:
[quote=obiero]Kenya Airways to be sold before end of October 2024.. https://www.citizen.digi...-in-equity-deal-n340270[/quote]
It does NOT say that KQ will be sold but 49% of the shares may be sold to a foreign investor.
The details are hazy.
Given the complexity of the transaction, unless a lot of the legwork has been done, it is unlikely to close by Oct 2024.

KQ has a new FF program (Asante) so it does seem it is getting ready to get a new partner.

Since KQ needs cash, it is likely that an investor with cash to pump in will be sought i.e. new shares issued vs a sale of existing shares.

The catch is what happens to the massive debt?
Will GoK take it on?

OR will the "Old" KQ still keep it on its books but become a 51% shareholders of "New" KQ?

What about the leased planes? Will New KQ take them over?

What is certain is that the minority shareholders eg @Obiero will have to be content with a "dilution" of their shareholding.

I have been within the discussion rooms in this matter and let me tell you that the Open Offer remains on the table
Good Luck...

USD 1.5B recapitalization. Hope is eternal

KQ ABP 4.26
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obiero
#15438 Posted : Monday, August 19, 2024 7:10:54 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,211
Location: nairobi
Joy comes in the morning. Finally profitable

KQ ABP 4.26
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  | | Edit by user: Monday, August 19, 2024 11:05 PM | Reason: Not specified
watesh
#15439 Posted : Tuesday, August 20, 2024 8:30:57 AM
Rank: Veteran

Joined: 8/10/2014
Posts: 992
Location: Kenya
obiero wrote:
Joy comes in the morning. Finally profitable


Operating Profit 1,298
Forex gains 5,394
Finance Costs (6,081)
Interest income 23
PBT 634

Since forex gain can't be replicated each year, that profit is a mirage.
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obiero
#15440 Posted : Tuesday, August 20, 2024 11:49:39 AM
Rank: Elder

Joined: 6/23/2009
Posts: 14,211
Location: nairobi
watesh wrote:
obiero wrote:
Joy comes in the morning. Finally profitable


Operating Profit 1,298
Forex gains 5,394
Finance Costs (6,081)
Interest income 23
PBT 634

Since forex gain can't be replicated each year, that profit is a mirage.

Speak into the revenue
Note also that the debt is significantly depleted by GoK largesse

KQ ABP 4.26
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  | | Edit by user: Tuesday, August 20, 2024 11:51 AM | Reason: Not specified
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