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Kenya Airways...why ignore..
Rank: Elder Joined: 6/23/2009 Posts: 13,796 Location: nairobi
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sparkly wrote: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. Please avoid entertaining the clown.. He says KQ is dying in one post and then praises it to high heaven in another post.. Watermelonic. Fact is that a dilution is coming whether by rights issue, bond or debt conversion.. The least impact would be to convert existing debts to equity and the company confirms today via no less than its Chairman, that its the chosen path. Good times ahead! As for the false claim of oversupply upon rally, less than 15% of KQ shares are freely traded at the NSE.. No more than 2m shares have ever been traded in a single trading day for the last few years. The deluge from Mike Macharia, Chris Kirubi and company will only come at KES 14 or more as the kahoonas mistakenly or otherwise, defended the past rights at that price. 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: 6/23/2009 Posts: 13,796 Location: nairobi
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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: 9/20/2015 Posts: 2,811 Location: Mombasa
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obiero wrote:sparkly wrote: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. Please avoid entertaining the clown.. He says KQ is dying in one post and then praises it to high heaven in another post.. Watermelonic. Fact is that a dilution is coming whether by rights issue, bond or debt conversion.. The least impact would be to convert existing debts to equity and the company confirms today via no less than its Chairman, that its the chosen path. Good times ahead! As for the false claim of oversupply upon rally, less than 15% of KQ shares are freely traded at the NSE.. No more than 2m shares have ever been traded in a single trading day for the last few years. The deluge from Mike Macharia, Chris Kirubi and company will only come at KES 14 or more as the kahoonas mistakenly or otherwise, defended the past rights at that price. Thank me later With your futile derogatory response, when are you going to exit ? John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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Rank: Elder Joined: 6/23/2009 Posts: 13,796 Location: nairobi
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Spikes wrote:obiero wrote:sparkly wrote: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. Please avoid entertaining the clown.. He says KQ is dying in one post and then praises it to high heaven in another post.. Watermelonic. Fact is that a dilution is coming whether by rights issue, bond or debt conversion.. The least impact would be to convert existing debts to equity and the company confirms today via no less than its Chairman, that its the chosen path. Good times ahead! As for the false claim of oversupply upon rally, less than 15% of KQ shares are freely traded at the NSE.. No more than 2m shares have ever been traded in a single trading day for the last few years. The deluge from Mike Macharia, Chris Kirubi and company will only come at KES 14 or more as the kahoonas mistakenly or otherwise, defended the past rights at that price. Thank me later With your futile derogatory response, when are you going to exit ? @spikes.. KQ was last year's top gainer at the NSE, this year shall be the same, but with increased multiples. Up 44% from February 2017 to date http://kenyanwallstreet....-billion-syndicated-loan
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: User Joined: 8/15/2013 Posts: 13,237 Location: Vacuum
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If Obiero did it, Who Am I?
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Rank: Elder Joined: 6/23/2009 Posts: 13,796 Location: nairobi
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LOL
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: 12/4/2009 Posts: 10,779 Location: NAIROBI
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KLM rejected the issue of a rights issue that's why KQ is taking a syndicate loan. After conversion of the loan into equity GoK will have a controlling stake and its shareholding would rise to above 40% Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 6/23/2009 Posts: 13,796 Location: nairobi
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Ericsson wrote:KLM rejected the issue of a rights issue that's why KQ is taking a syndicate loan. A rights issue would never have worked.. Would the tenor adjustment be really termed as syndication
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: 12/4/2009 Posts: 10,779 Location: NAIROBI
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obiero wrote:Ericsson wrote:KLM rejected the issue of a rights issue that's why KQ is taking a syndicate loan. A rights issue would never have worked.. Would the tenor adjustment be really termed as syndication Syndicate means it's a consortium of banks coming together with one of them as the lead arranger Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 6/23/2009 Posts: 13,796 Location: nairobi
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Ericsson wrote:obiero wrote:Ericsson wrote:KLM rejected the issue of a rights issue that's why KQ is taking a syndicate loan. A rights issue would never have worked.. Would the tenor adjustment be really termed as syndication Syndicate means it's a consortium of banks coming together with one of them as the lead arranger Aha! Cool.. We now watch the share
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: 6/23/2009 Posts: 13,796 Location: nairobi
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sparkly wrote:obiero wrote:enyands wrote:ArrestedDev wrote:obiero wrote:ArrestedDev wrote:maka wrote:21st July...thats Thursday I believe... What will happen by then? Yves last working day? 9 days to go.. The rally is full on as predicted by @karasinga Thursday as @Maka states. CS Treasury hints at an equity partner within one month from now. They will play with it to favour them. Interesting. Thursday is the day ,then a month time is when true shareholding will be realised! !!hope not dilution of current shareholders by creating more shares! ! The exchange bar confirms that dilution is on the way.. In this scenario KQ does not have the capital to service current liabilities and the firm is hindered from issuing new debt due to covenants of existing debt and a rights issue cannot even be mentioned. PJT Partners proposes equity offering of shares worth KES 60B.. It will be an ebb and flow, dying to live or living to die.. I speak in code Who will provide 60Bn equity to a company with -45Bn shareholders' funds? Junk bonds maybe, equity never. @sparkly..no sooner had you spoken about junk bonds than the government stepped in as per exchange bar guidance.. The rally of a lifetime continues tomorrow
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: 6/23/2009 Posts: 13,796 Location: nairobi
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sparkly wrote:obiero wrote:enyands wrote:ArrestedDev wrote:obiero wrote:ArrestedDev wrote:maka wrote:21st July...thats Thursday I believe... What will happen by then? Yves last working day? 9 days to go.. The rally is full on as predicted by @karasinga Thursday as @Maka states. CS Treasury hints at an equity partner within one month from now. They will play with it to favour them. Interesting. Thursday is the day ,then a month time is when true shareholding will be realised! !!hope not dilution of current shareholders by creating more shares! ! The exchange bar confirms that dilution is on the way.. In this scenario KQ does not have the capital to service current liabilities and the firm is hindered from issuing new debt due to covenants of existing debt and a rights issue cannot even be mentioned. PJT Partners proposes equity offering of shares worth KES 60B.. It will be an ebb and flow, dying to live or living to die.. I speak in code Who will provide 60Bn equity to a company with -45Bn shareholders' funds? Junk bonds maybe, equity never. @sparkly..no sooner had you spoken about junk bonds than the government stepped in as per exchange bar guidance.. The rally of a lifetime continues tomorrow
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: Member Joined: 5/29/2016 Posts: 898 Location: Nairobi
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obiero wrote:sparkly wrote:obiero wrote:enyands wrote:ArrestedDev wrote:obiero wrote:ArrestedDev wrote:maka wrote:21st July...thats Thursday I believe... What will happen by then? Yves last working day? 9 days to go.. The rally is full on as predicted by @karasinga Thursday as @Maka states. CS Treasury hints at an equity partner within one month from now. They will play with it to favour them. Interesting. Thursday is the day ,then a month time is when true shareholding will be realised! !!hope not dilution of current shareholders by creating more shares! ! The exchange bar confirms that dilution is on the way.. In this scenario KQ does not have the capital to service current liabilities and the firm is hindered from issuing new debt due to covenants of existing debt and a rights issue cannot even be mentioned. PJT Partners proposes equity offering of shares worth KES 60B.. It will be an ebb and flow, dying to live or living to die.. I speak in code Who will provide 60Bn equity to a company with -45Bn shareholders' funds? Junk bonds maybe, equity never. @sparkly..no sooner had you spoken about junk bonds than the government stepped in as per exchange bar guidance.. The rally of a lifetime continues tomorrow There are so many reasons to worry about more debt for KQ even if part of the debt will be used to retire the bridging loan. With this kind of solution being arrived at, one wonders if PJT Partners were really needed. It tells you the kind of management with the leadership of Ngunze was like. I have always said KLM is the biggest stumbling stone KQ has ever had and should be bought out and Govt take control and competent individuals run this Airline. A competitor owning your shares will hold you at ransom. The positive side is that the loan will arrive when a competent CEO is already on board.
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Rank: Member Joined: 5/29/2016 Posts: 898 Location: Nairobi
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These Tv sets are not operated by KQ but KAA. All terminals belong to KAA and KQ pay a fee to use them.
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Rank: Chief Joined: 1/3/2007 Posts: 18,225 Location: Nairobi
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obiero wrote:sparkly wrote: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. Please avoid entertaining the clown.. He says KQ is dying in one post and then praises it to high heaven in another post.. Watermelonic. Fact is that a dilution is coming whether by rights issue, bond or debt conversion.. The least impact would be to convert existing debts to equity and the company confirms today via no less than its Chairman, that its the chosen path. Good times ahead! As for the false claim of oversupply upon rally, less than 15% of KQ shares are freely traded at the NSE.. No more than 2m shares have ever been traded in a single trading day for the last few years. The deluge from Mike Macharia, Chris Kirubi and company will only come at KES 14 or more as the kahoonas mistakenly or otherwise, defended the past rights at that price. Thank me later Thanking @Obiero since 2012 Whereas I may have missed out on this rally, I don't really care. While the economy slows down, I prefer the firms which are not turnaround stories and could do very well once the elections are over and done with. KK - We will need fuel no matter what. KenRe - Folks will run to buy political cover. I hope there is no PEV so KenRe can book the premiums as profits! Unga - 2016-17 is an awful year for Unga but 2017-18 seems promising. Maize imports have been allowed and wheat import restrictions may be loosened. And we have to eat! I&M - Not a great (but profitable) 1Q as I&M digests Giro Bank as well as dealing with interest rate caps. (Good) Banks being banks will adjust and do well in FY 2018. DTB - Increased my stake. Why? Huge jump in the Balance Sheet. Positioned for 2018. Equity - Huge jump in the Balance Sheet. Positioned for 2018. 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: 13,796 Location: nairobi
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You have to pity people like @vvs who bought KQ at KES 71 per share and sold at KES 13.. Let us learn from past mistakes but let it not blind us to future opportunities. Selling was the right thing to do then, but right now if you are not buying KQ or atleast thinking that the turnaround is bearing fruit, then you may be suffering from myopia. Captain Michael Joseph and Mikosz will take us back to being The Pride of Africa. My only worry would be why Naikuni is still a free man
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: 9/20/2015 Posts: 2,811 Location: Mombasa
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Market markers attempting to create a fake rally as the business opens this morning. The so called market magicians want to dump and run coz a real rally will take a year or so to begin officially. John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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KAA possunt quia posse videntur
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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obiero wrote:You have to pity people like @vvs who bought KQ at KES 71 per share and sold at KES 13.. Let us learn from past mistakes but let it not blind us to future opportunities. Selling was the right thing to do then, but right now if you are not buying KQ or atleast thinking that the turnaround is bearing fruit, then you may be suffering from myopia. Captain Michael Joseph and Mikosz will take us back to being The Pride of Africa. My only worry would be why Naikuni is still a free man Boss wacha jokes. You are riding the Titanic to the bottom of the sea, but you pity the chap who jumped out when the ship first hit the iceberg... Life is short. Live passionately.
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Rank: Elder Joined: 6/23/2009 Posts: 13,796 Location: nairobi
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Spikes wrote:Market markers attempting to create a fake rally as the business opens this morning. The so called market magicians want to dump and run coz a real rally will take a year or so to begin officially. Define a real rally @spikes
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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