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VituVingiSana
#1661 Posted : Wednesday, August 29, 2018 6:53:20 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,346
Location: Nairobi
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
sparkly
#1662 Posted : Wednesday, August 29, 2018 8:38:49 PM
Rank: Elder

Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
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.
Angelica _ann
#1663 Posted : Wednesday, August 29, 2018 8:49:00 PM
Rank: Elder

Joined: 12/7/2012
Posts: 11,935
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
Ericsson
#1664 Posted : Wednesday, August 29, 2018 8:55:57 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
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
VituVingiSana
#1665 Posted : Wednesday, August 29, 2018 9:34:52 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,346
Location: Nairobi
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
obiero
#1666 Posted : Wednesday, August 29, 2018 9:45:37 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,213
Location: nairobi
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

KQ ABP 4.26
obiero
#1667 Posted : Wednesday, August 29, 2018 9:47:13 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,213
Location: nairobi
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

KQ ABP 4.26
obiero
#1668 Posted : Wednesday, August 29, 2018 9:55:50 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,213
Location: nairobi
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

KQ ABP 4.26
Ericsson
#1669 Posted : Wednesday, August 29, 2018 10:38:42 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
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
VituVingiSana
#1670 Posted : Wednesday, August 29, 2018 10:42:11 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,346
Location: Nairobi
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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