Wazua
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Exchange Bar: Results forecast
Rank: Chief Joined: 1/3/2007 Posts: 18,383 Location: Nairobi
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Flogging a dead horse. A pity I own 1/50,000,000 of KQ. Heck, given my shares in various banks, I would say I sadly own way more than 1/50,000,000 of KQ. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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Pesa Nane wrote:lochaz-index wrote:
Allow me to rephrase my question...where is the balance sheet and cashflow statement?
  Jesus Christ, negative equity after the massive bailout!!! @Obiero, you better exit and try to recover your capital from more promising investments. Life is short. Live passionately.
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Rank: Elder Joined: 12/7/2012 Posts: 11,939
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sparkly wrote:Pesa Nane wrote:lochaz-index wrote:
Allow me to rephrase my question...where is the balance sheet and cashflow statement?
Jesus Christ, negative equity after the massive bailout!!! @Obiero, you better exit and try to recover your capital from more promising investments. How did KQ con all those banks into that crazy arrangement. Juju is real. In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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Rank: Elder Joined: 12/4/2009 Posts: 10,822 Location: NAIROBI
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Angelica _ann wrote:sparkly wrote:Pesa Nane wrote:lochaz-index wrote:
Allow me to rephrase my question...where is the balance sheet and cashflow statement?
Jesus Christ, negative equity after the massive bailout!!! @Obiero, you better exit and try to recover your capital from more promising investments. How did KQ con all those banks into that crazy arrangement. Juju is real. More debt will be converted to equity diluting the stake held by minority shareholders Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Chief Joined: 1/3/2007 Posts: 18,383 Location: Nairobi
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Considering KQ has NEGATIVE equity, a debt conversion is a PLUS for "minority" shareholders. As I recommended a long time ago, "Old KQ" should have been put under administration and a "new KQ" carved out with the good assets and without most of the liabilities. This would have been a better option for the survival of the airline but given the negative equity, the shareholders would have been wiped out and creditors would have taken a haircut. The "Old KQ" could have also gone after Naikuni, Mbugua and friends. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 6/23/2009 Posts: 14,329 Location: nairobi
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sparkly wrote:Pesa Nane wrote:lochaz-index wrote:
Allow me to rephrase my question...where is the balance sheet and cashflow statement?
Jesus Christ, negative equity after the massive bailout!!! @Obiero, you better exit and try to recover your capital from more promising investments. This is not money I require immediately.. I'm content with one more year of waiting COOP, IMH, KEGN, KQ, MTNU
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Rank: Elder Joined: 6/23/2009 Posts: 14,329 Location: nairobi
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Ericsson wrote:Angelica _ann wrote:sparkly wrote:Pesa Nane wrote:lochaz-index wrote:
Allow me to rephrase my question...where is the balance sheet and cashflow statement?
Jesus Christ, negative equity after the massive bailout!!! @Obiero, you better exit and try to recover your capital from more promising investments. How did KQ con all those banks into that crazy arrangement. Juju is real. More debt will be converted to equity diluting the stake held by minority shareholders But increasing the value of the firm. Hapa sasa ni positioning for a jettison COOP, IMH, KEGN, KQ, MTNU
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Rank: Elder Joined: 6/23/2009 Posts: 14,329 Location: nairobi
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VituVingiSana wrote:Considering KQ has NEGATIVE equity, a debt conversion is a PLUS for "minority" shareholders.
As I recommended a long time ago, "Old KQ" should have been put under administration and a "new KQ" carved out with the good assets and without most of the liabilities.
This would have been a better option for the survival of the airline but given the negative equity, the shareholders would have been wiped out and creditors would have taken a haircut.
The "Old KQ" could have also gone after Naikuni, Mbugua and friends. Exactly! Debt conversion would lead to higher positive equity COOP, IMH, KEGN, KQ, MTNU
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Rank: Elder Joined: 12/4/2009 Posts: 10,822 Location: NAIROBI
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VituVingiSana wrote:Considering KQ has NEGATIVE equity, a debt conversion is a PLUS for "minority" shareholders.
As I recommended a long time ago, "Old KQ" should have been put under administration and a "new KQ" carved out with the good assets and without most of the liabilities.
This would have been a better option for the survival of the airline but given the negative equity, the shareholders would have been wiped out and creditors would have taken a haircut.
The "Old KQ" could have also gone after Naikuni, Mbugua and friends. Kq is a listed company with private shareholders. Such an arrangement ain't easy with that setup Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Chief Joined: 1/3/2007 Posts: 18,383 Location: Nairobi
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obiero wrote:VituVingiSana wrote:Considering KQ has NEGATIVE equity, a debt conversion is a PLUS for "minority" shareholders.
As I recommended a long time ago, "Old KQ" should have been put under administration and a "new KQ" carved out with the good assets and without most of the liabilities.
This would have been a better option for the survival of the airline but given the negative equity, the shareholders would have been wiped out and creditors would have taken a haircut.
The "Old KQ" could have also gone after Naikuni, Mbugua and friends. Exactly! Debt conversion would lead to higher positive equity According to the Balance Sheet, the Mandatory Convertible Debt Note is already included in the Equity so KQ will need JKIA's assets to return to positive equity. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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