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Kenya Airways...why ignore..
Rank: Elder Joined: 6/23/2009 Posts: 13,796 Location: nairobi
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Impunity wrote:What?
I wish I exited last week. LOL.. Do not panic
COOP 255,000 ABP 15.85; IMH 5,000 ABP 35.55; KQ 604,200 ABP 6.96; MTN 23,800 ABP 5.20
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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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obiero wrote:Impunity wrote:What?
I wish I exited last week. LOL.. Do not panic  possunt quia posse videntur
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Rank: Member Joined: 6/9/2009 Posts: 85
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littledove wrote:https://ir.citi.com/K48NmnoXhQiTE4FHzCmUD9%2F8fcRugHm76eyZA4lXT9lx5Hml4Yil9g%3D%3DEquity increase details to be released by July — We continue to model a US$400m (KSh 41.4bn) equity rights issue, which would increase share count 5 -fold at the current share price,more if discounted, heavily diluting existing shareholders.This would enable Kenya Airways to repay KSh25bn bridging loan from the Government and Afreximbank and maintain cash at c.30% of revenue. Our EPS estimates will depend critically on the terms of the rights issue. We expect the Government (29.8%holder) and KLM (26.7%) to take up their rights. 2011 Deja vu. I ignored the warning then and had to bail out @13 in mid 2012 after the rights issue.
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Rank: Member Joined: 5/29/2016 Posts: 898 Location: Nairobi
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maka wrote:maka wrote:Jibabe wrote:Who's Geoffrey Mugendo hear a parking spot at KQ labeld as such Really by name?He is in supply chain... His initiatives saved KQ the most money last year...Sadly today is his last day at the company. Onward to greener pastures... I am very sure the new CEO will streamline anything related to procurement given that the forensic audit findings were predominantly on this area. He knows what it takes to reduce the cost base of an Airline. Very confident indeed that he will take action.
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Rank: Elder Joined: 6/23/2009 Posts: 13,796 Location: nairobi
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omega wrote:littledove wrote:https://ir.citi.com/K48NmnoXhQiTE4FHzCmUD9%2F8fcRugHm76eyZA4lXT9lx5Hml4Yil9g%3D%3DEquity increase details to be released by July — We continue to model a US$400m (KSh 41.4bn) equity rights issue, which would increase share count 5 -fold at the current share price,more if discounted, heavily diluting existing shareholders.This would enable Kenya Airways to repay KSh25bn bridging loan from the Government and Afreximbank and maintain cash at c.30% of revenue. Our EPS estimates will depend critically on the terms of the rights issue. We expect the Government (29.8%holder) and KLM (26.7%) to take up their rights. 2011 Deja vu. I ignored the warning then and had to bail out @13 in mid 2012 after the rights issue. @omega lightning never strikes twice at the exact spot.. kaza roho.. upon announcement the share will take a shallow dip followed by a massive rally.. Thank me later
COOP 255,000 ABP 15.85; IMH 5,000 ABP 35.55; KQ 604,200 ABP 6.96; MTN 23,800 ABP 5.20
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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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obiero wrote:omega wrote:littledove wrote:https://ir.citi.com/K48NmnoXhQiTE4FHzCmUD9%2F8fcRugHm76eyZA4lXT9lx5Hml4Yil9g%3D%3DEquity increase details to be released by July — We continue to model a US$400m (KSh 41.4bn) equity rights issue, which would increase share count 5 -fold at the current share price,more if discounted, heavily diluting existing shareholders.This would enable Kenya Airways to repay KSh25bn bridging loan from the Government and Afreximbank and maintain cash at c.30% of revenue. Our EPS estimates will depend critically on the terms of the rights issue. We expect the Government (29.8%holder) and KLM (26.7%) to take up their rights. 2011 Deja vu. I ignored the warning then and had to bail out @13 in mid 2012 after the rights issue. @omega lightning never strikes twice at the exact spot.. kaza roho.. upon announcement the share will take a shallow dip followed by a massive rally.. Thank me later 😊 possunt quia posse videntur
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Rank: Elder Joined: 9/20/2015 Posts: 2,811 Location: Mombasa
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obiero wrote:omega wrote:littledove wrote:https://ir.citi.com/K48NmnoXhQiTE4FHzCmUD9%2F8fcRugHm76eyZA4lXT9lx5Hml4Yil9g%3D%3DEquity increase details to be released by July — We continue to model a US$400m (KSh 41.4bn) equity rights issue, which would increase share count 5 -fold at the current share price,more if discounted, heavily diluting existing shareholders.This would enable Kenya Airways to repay KSh25bn bridging loan from the Government and Afreximbank and maintain cash at c.30% of revenue. Our EPS estimates will depend critically on the terms of the rights issue. We expect the Government (29.8%holder) and KLM (26.7%) to take up their rights. 2011 Deja vu. I ignored the warning then and had to bail out @13 in mid 2012 after the rights issue. @omega lightning never strikes twice at the exact spot.. kaza roho.. upon announcement the share will take a shallow dip followed by a massive rally.. Thank me later Yes! But accumulation after a dip will take like a year or so.Here now patience pays brother @Obiero. John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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Rank: Elder Joined: 5/25/2012 Posts: 4,105 Location: 08c
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 Pesa Nane plans to be shilingi when he grows up.
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Rank: Elder Joined: 12/4/2009 Posts: 10,779 Location: NAIROBI
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http://kenyanwallstreet....billion-syndicated-loan
According to Citizen TV, Kenya’s cabinet has approved a proposal by Kenya Airways (KQ) to seek a syndicated loan of Sh77 billion from US Based Export-Import Bank and a group of local banks. Citizen TV reports that the cabinet met last week and gave the go ahead with assurance that it would act as the airline’s guarantor. In the proposal, KQ will seek Sh54 billion from the export-import bank of the United States while the balance of Sh 23 Billion will be given by a few local banks. The media house further reported that the Cabinet had also “approved the conversion of its Sh4.2 billion current loan to KQ to be converted into equity, a move that would likely see an increase in its shareholding going forward.” The loan request by the airline is however expected to go through a final approval by the national assembly in the interest of tax-payers whereby the Government owns 29.8 percent. Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 2/22/2009 Posts: 2,449 Location: Africa
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Ericsson wrote:http://kenyanwallstreet.com/kenya-airways-gets-govt-approval-seek-sh-77-billion-syndicated-loan
According to Citizen TV, Kenya’s cabinet has approved a proposal by Kenya Airways (KQ) to seek a syndicated loan of Sh77 billion from US Based Export-Import Bank and a group of local banks.
Citizen TV reports that the cabinet met last week and gave the go ahead with assurance that it would act as the airline’s guarantor. In the proposal, KQ will seek Sh54 billion from the export-import bank of the United States while the balance of Sh 23 Billion will be given by a few local banks.
The media house further reported that the Cabinet had also “approved the conversion of its Sh4.2 billion current loan to KQ to be converted into equity, a move that would likely see an increase in its shareholding going forward.”
The loan request by the airline is however expected to go through a final approval by the national assembly in the interest of tax-payers whereby the Government owns 29.8 percent. So is the Rights issue on course or is this a case of fake news?
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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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Shak wrote:Ericsson wrote:http://kenyanwallstreet.com/kenya-airways-gets-govt-approval-seek-sh-77-billion-syndicated-loan
According to Citizen TV, Kenya’s cabinet has approved a proposal by Kenya Airways (KQ) to seek a syndicated loan of Sh77 billion from US Based Export-Import Bank and a group of local banks.
Citizen TV reports that the cabinet met last week and gave the go ahead with assurance that it would act as the airline’s guarantor. In the proposal, KQ will seek Sh54 billion from the export-import bank of the United States while the balance of Sh 23 Billion will be given by a few local banks.
The media house further reported that the Cabinet had also “approved the conversion of its Sh4.2 billion current loan to KQ to be converted into equity, a move that would likely see an increase in its shareholding going forward.”
The loan request by the airline is however expected to go through a final approval by the national assembly in the interest of tax-payers whereby the Government owns 29.8 percent. So is the Rights issue on course or is this a case of fake news? There is no rights issue...isn't that all thelse money they want...govt debt converted to equity then the rest ni loan... possunt quia posse videntur
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Rank: Veteran Joined: 3/12/2010 Posts: 1,199 Location: Eastlander
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Shak wrote:Ericsson wrote:http://kenyanwallstreet.com/kenya-airways-gets-govt-approval-seek-sh-77-billion-syndicated-loan
According to Citizen TV, Kenya’s cabinet has approved a proposal by Kenya Airways (KQ) to seek a syndicated loan of Sh77 billion from US Based Export-Import Bank and a group of local banks.
Citizen TV reports that the cabinet met last week and gave the go ahead with assurance that it would act as the airline’s guarantor. In the proposal, KQ will seek Sh54 billion from the export-import bank of the United States while the balance of Sh 23 Billion will be given by a few local banks.
The media house further reported that the Cabinet had also “approved the conversion of its Sh4.2 billion current loan to KQ to be converted into equity, a move that would likely see an increase in its shareholding going forward.”
The loan request by the airline is however expected to go through a final approval by the national assembly in the interest of tax-payers whereby the Government owns 29.8 percent. So is the Rights issue on course or is this a case of fake news? They need all the money they can get and at the same time, they cannot keep being bridled by financial costs. So begs the question...what is the cheapest source of long term financing? Rights Issue..as a matter of prudence..is very much on the table Issue is, public perception..rights issue might flop horribly. What of issuing commercial paper on NSE, or even cross listed? Oh the crap of this counter.  ..Let your light so shine before men, that they may see your good works, and glorify your Father which is in heaven...Matt5:16
- 1769 Oxford King James Bible 'Authorized Version
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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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ProverB wrote:Shak wrote:Ericsson wrote:http://kenyanwallstreet.com/kenya-airways-gets-govt-approval-seek-sh-77-billion-syndicated-loan
According to Citizen TV, Kenya’s cabinet has approved a proposal by Kenya Airways (KQ) to seek a syndicated loan of Sh77 billion from US Based Export-Import Bank and a group of local banks.
Citizen TV reports that the cabinet met last week and gave the go ahead with assurance that it would act as the airline’s guarantor. In the proposal, KQ will seek Sh54 billion from the export-import bank of the United States while the balance of Sh 23 Billion will be given by a few local banks.
The media house further reported that the Cabinet had also “approved the conversion of its Sh4.2 billion current loan to KQ to be converted into equity, a move that would likely see an increase in its shareholding going forward.”
The loan request by the airline is however expected to go through a final approval by the national assembly in the interest of tax-payers whereby the Government owns 29.8 percent. So is the Rights issue on course or is this a case of fake news? They need all the money they can get and at the same time, they cannot keep being bridled by financial costs. So begs the question...what is the cheapest source of long term financing? Rights Issue..as a matter of prudence..is very much on the table Issue is, public perception..rights issue might flop horribly. What of issuing commercial paper on NSE, or even cross listed? Oh the crap of this counter. Any fixed term note they would want to issue will definetly have a sizeable premium if EABL does 14+% pa what would KQ do...😥😥 Am sure this loans are at a cheap rate...Obiero tafuta details. possunt quia posse videntur
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Rank: Elder Joined: 9/20/2015 Posts: 2,811 Location: Mombasa
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ProverB wrote:Shak wrote:Ericsson wrote:http://kenyanwallstreet.com/kenya-airways-gets-govt-approval-seek-sh-77-billion-syndicated-loan
According to Citizen TV, Kenya’s cabinet has approved a proposal by Kenya Airways (KQ) to seek a syndicated loan of Sh77 billion from US Based Export-Import Bank and a group of local banks.
Citizen TV reports that the cabinet met last week and gave the go ahead with assurance that it would act as the airline’s guarantor. In the proposal, KQ will seek Sh54 billion from the export-import bank of the United States while the balance of Sh 23 Billion will be given by a few local banks.
The media house further reported that the Cabinet had also “approved the conversion of its Sh4.2 billion current loan to KQ to be converted into equity, a move that would likely see an increase in its shareholding going forward.”
The loan request by the airline is however expected to go through a final approval by the national assembly in the interest of tax-payers whereby the Government owns 29.8 percent. So is the Rights issue on course or is this a case of fake news? They need all the money they can get and at the same time, they cannot keep being bridled by financial costs. So begs the question...what is the cheapest source of long term financing? Rights Issue..as a matter of prudence..is very much on the table Issue is, public perception..rights issue might flop horribly. What of issuing commercial paper on NSE, or even cross listed? Oh the crap of this counter. Rights issue wouldn't flop as we've reliable minds at the top of leadership! At least over 80% subscription can be possibly achieved. The 20% untaken rights can be bought later on by international or local institutional inventors. There is so much hope in this stock for now but a rally will take a year or so to start. John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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Spikes wrote:ProverB wrote:Shak wrote:Ericsson wrote:http://kenyanwallstreet.com/kenya-airways-gets-govt-approval-seek-sh-77-billion-syndicated-loan
According to Citizen TV, Kenya’s cabinet has approved a proposal by Kenya Airways (KQ) to seek a syndicated loan of Sh77 billion from US Based Export-Import Bank and a group of local banks.
Citizen TV reports that the cabinet met last week and gave the go ahead with assurance that it would act as the airline’s guarantor. In the proposal, KQ will seek Sh54 billion from the export-import bank of the United States while the balance of Sh 23 Billion will be given by a few local banks.
The media house further reported that the Cabinet had also “approved the conversion of its Sh4.2 billion current loan to KQ to be converted into equity, a move that would likely see an increase in its shareholding going forward.”
The loan request by the airline is however expected to go through a final approval by the national assembly in the interest of tax-payers whereby the Government owns 29.8 percent. So is the Rights issue on course or is this a case of fake news? They need all the money they can get and at the same time, they cannot keep being bridled by financial costs. So begs the question...what is the cheapest source of long term financing? Rights Issue..as a matter of prudence..is very much on the table Issue is, public perception..rights issue might flop horribly. What of issuing commercial paper on NSE, or even cross listed? Oh the crap of this counter. Rights issue wouldn't flop as we've reliable minds at the top of leadership! At least over 80% subscription can be possibly achieved. The 20% untaken rights can be bought later on by international or local institutional inventors. There is so much hope in this stock for now but a rally will take a year or so to start. @Spikes how many shares do you have in KQ? You sound too hopeful. Life is short. Live passionately.
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Rank: Veteran Joined: 3/12/2010 Posts: 1,199 Location: Eastlander
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Spikes wrote:ProverB wrote:Shak wrote:Ericsson wrote:http://kenyanwallstreet.com/kenya-airways-gets-govt-approval-seek-sh-77-billion-syndicated-loan
According to Citizen TV, Kenya’s cabinet has approved a proposal by Kenya Airways (KQ) to seek a syndicated loan of Sh77 billion from US Based Export-Import Bank and a group of local banks.
Citizen TV reports that the cabinet met last week and gave the go ahead with assurance that it would act as the airline’s guarantor. In the proposal, KQ will seek Sh54 billion from the export-import bank of the United States while the balance of Sh 23 Billion will be given by a few local banks.
The media house further reported that the Cabinet had also “approved the conversion of its Sh4.2 billion current loan to KQ to be converted into equity, a move that would likely see an increase in its shareholding going forward.”
The loan request by the airline is however expected to go through a final approval by the national assembly in the interest of tax-payers whereby the Government owns 29.8 percent. So is the Rights issue on course or is this a case of fake news? They need all the money they can get and at the same time, they cannot keep being bridled by financial costs. So begs the question...what is the cheapest source of long term financing? Rights Issue..as a matter of prudence..is very much on the table Issue is, public perception..rights issue might flop horribly. What of issuing commercial paper on NSE, or even cross listed? Oh the crap of this counter. Rights issue wouldn't flop as we've reliable minds at the top of leadership! At least over 80% subscription can be possibly achieved. The 20% untaken rights can be bought later on by international or local institutional inventors. There is so much hope in this stock for now but a rally will take a year or so to start. Unfortunately.. Hope is not a financial Management principle. And you do not make make such decisions on hope even with a tiny probability that the market remains non-committal to the KQ turn around going by the share price behavior and public discussions on KQ. Remember there are people who have the KQ share not because they want to, but are waiting to recoup their investment thus the reason everytime it touches a new high..copious amounts of shares are instantly dumped..like people cannot wait to leave. The speculation on this counter totally messes up pricing of the rights should there be a rights issue. ..Let your light so shine before men, that they may see your good works, and glorify your Father which is in heaven...Matt5:16
- 1769 Oxford King James Bible 'Authorized Version
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Rank: Chief Joined: 1/3/2007 Posts: 18,225 Location: Nairobi
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One of my best financial decisions I made is not what shares I bought but what I sold. That crown goes to KQ which I sold off between 13-14. Hope is not a strategy. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Member Joined: 2/8/2007 Posts: 808
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VituVingiSana wrote:One of my best financial decisions I made is not what shares I bought but what I sold. That crown goes to KQ which I sold off between 13-14. Hope is not a strategy. Surely it was as obvious as daylight these loan guarantees were going to come and bit the minorities asses! KQ was never going to be able to repay those loans. Now we have KQ as a parastatal proper.
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Rank: Member Joined: 6/9/2009 Posts: 85
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obiero wrote:omega wrote:littledove wrote:https://ir.citi.com/K48NmnoXhQiTE4FHzCmUD9%2F8fcRugHm76eyZA4lXT9lx5Hml4Yil9g%3D%3DEquity increase details to be released by July — We continue to model a US$400m (KSh 41.4bn) equity rights issue, which would increase share count 5 -fold at the current share price,more if discounted, heavily diluting existing shareholders.This would enable Kenya Airways to repay KSh25bn bridging loan from the Government and Afreximbank and maintain cash at c.30% of revenue. Our EPS estimates will depend critically on the terms of the rights issue. We expect the Government (29.8%holder) and KLM (26.7%) to take up their rights. 2011 Deja vu. I ignored the warning then and had to bail out @13 in mid 2012 after the rights issue. @omega lightning never strikes twice at the exact spot.. kaza roho.. upon announcement the share will take a shallow dip followed by a massive rally.. Thank me later I wouldn't touch KQ until after the balance sheet restructuring and/or the rights issue. I have been there and learnt my lesson.
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Rank: Elder Joined: 6/23/2009 Posts: 13,796 Location: nairobi
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Kausha wrote:VituVingiSana wrote:One of my best financial decisions I made is not what shares I bought but what I sold. That crown goes to KQ which I sold off between 13-14. Hope is not a strategy. Surely it was as obvious as daylight these loan guarantees were going to come and bit the minorities asses! KQ was never going to be able to repay those loans. Now we have KQ as a parastatal proper. Some GoK linked business such as Safaricom, KCB, KQ are doing just fine.. @proverb without hope all is lost
COOP 255,000 ABP 15.85; IMH 5,000 ABP 35.55; KQ 604,200 ABP 6.96; MTN 23,800 ABP 5.20
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