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Kenya airways Right Issue
Rank: Veteran Joined: 6/17/2009 Posts: 1,619
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@ vvs,just accept this one has done you in,how much depends on what you bought it at....you have to feel for fellows who bought it in the 50s to 120s and who still hold it.
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Rank: Chief Joined: 1/3/2007 Posts: 18,101 Location: Nairobi
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cnn wrote:@ vvs,just accept this one has done you in,how much depends on what you bought it at....you have to feel for fellows who bought it in the 50s to 120s and who still hold it. Do I believe in the business? Yes. The share-price has been a major disappointment. Lucky for me, I changed/flipped over a good part of my portfolio to my *love* KK ;-) Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 11/7/2007 Posts: 2,182
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VituVingiSana wrote:LOL... I might as well buy my Rights from the market ;-) They might cost me less than 14/- LOVE WHAT YOU DO, DO WHAT YOU LOVE.
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Rank: Member Joined: 1/27/2012 Posts: 851 Location: Nairobi
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VituVingiSana wrote:cnn wrote:@ vvs,just accept this one has done you in,how much depends on what you bought it at....you have to feel for fellows who bought it in the 50s to 120s and who still hold it. Do I believe in the business? Yes. The share-price has been a major disappointment. Lucky for me, I changed/flipped over a good part of my portfolio to my *love* KK ;-) I will resume believing in this stock come Jan 2014.
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Rank: New-farer Joined: 2/26/2012 Posts: 25 Location: moscow na muranga
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the share prices has nose dived @15.30 today by end of week it might lower than the rights...who will risk and put his money in rights  chasing after the wind
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Rank: Veteran Joined: 3/16/2009 Posts: 1,464
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This is interesting.....
Wed 21 Mar 2012: Rights Price Kshs 14.00
Share Price Kshs 11.85
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Rank: Elder Joined: 7/21/2010 Posts: 6,183 Location: nairobi
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Its definately a bad deal even at 15bob the difference to 14bob is brockers commision.its smoke and fire which can wipe kq "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
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Sure wrote:if it keeps up with the 1/= DPS at least for the next 3 yrs so that we can have a clear picture of the implementation of the strategy they are putting in place. @sure through the profit warning KQ has promised its shareholders an EPS of 1.3/= after factoring in the rights in 2012.. Do you really believe DPS will be 1/= with an EPS of 1.3/= and below?? I hardly think KQ can afford such genorosity... Mark 12:29
Deuteronomy 4:16
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Rank: Veteran Joined: 4/30/2010 Posts: 1,635
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More on airlines..Cathay Pacific profits down 61 percent http://www.bbc.co.uk/news/business-17363071
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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guru267 wrote:Sure wrote:if it keeps up with the 1/= DPS at least for the next 3 yrs so that we can have a clear picture of the implementation of the strategy they are putting in place. @sure through the profit warning KQ has promised its shareholders an EPS of 1.3/= after factoring in the rights in 2012.. Do you really believe DPS will be 1/= with an EPS of 1.3/= and below?? I hardly think KQ can afford such genorosity... with the dilution, assuming KQ maintain there dividend policy. 1.00 to 1.50, Dividend for new shares will be between 30 cents-45 cents. The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Veteran Joined: 5/23/2010 Posts: 868 Location: La Islas Galápagos
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What happens to KQ, in terms of return on equity does not depend on who owns the shares A bad day fishing is better than a good day at work
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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StatMeister wrote:
What happens to KQ, in terms of return on equity does not depend on who owns the shares
lemmi highlight some benefits of the shareholding that directly impact on profitability: KLM brings onboard a wealth of ideas and network Government shareholding stamps the authority that they are a national carrier and they will get the required gvt support (we know what happens when government support is missing, case study: Precision Air, Tz) Qualified investors have the financial muscle to contribute the much needed capital for expansion and growth .............................................
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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Cde Monomotapa wrote:mwekez@ji wrote:Cde Monomotapa wrote:Interesting. Shrewd way of securing a client for the longrun ;-) Indeed shrewd ... and wanjiku should derive some comfort from the underwriting True but this only means KCB might not hold as much cash for the period as I'd thought too many Qualified Investors up in hurr! ROOOOOOAAAAAAAAARRRRRR, YOU, EBL, BBK and I&M have offered to provide loans to those shareholders willing to take up their rights
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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chaimani wrote:...wait in june the price might be 6 bob or below due to dilution  Do you know what is dilution? Dilution cannot lead to the price falling below KES 15.10 This is how you calculate the "diluted share price": Price just before the rights issue news; 18.6 (and it could have absorbed some of rights news because the share fell from 50+ partly because of the rights issue expectations){(16*14)+(5*18.6)}/(16+5) = 15.10
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Rank: Elder Joined: 7/21/2010 Posts: 6,183 Location: nairobi
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@mwekezaji this market does not listen to mathematics,this thing will crash below 14 "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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mlennyma wrote:@mwekezaji this market does not listen to mathematics,this thing will crash below 14 If that happens, then it will not be due to dilution!!!
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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mlennyma wrote:@mwekezaji this market does not listen to mathematics,this thing will crash below 14 If that crash happens, then it will not be due to dilution!!!
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Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
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mwekez@ji wrote:mlennyma wrote:@mwekezaji this market does not listen to mathematics,this thing will crash below 14 If that happens, then it will not be due to dilution!!! The EPS will fall from 8bob to 1.25 because of dilution The DPS will fall from 1.5 to 30cents because of dilution In the current market guys will be willing to pay at most 9bob for such a share... So when it does fall below 14 it WILL be because of dilution Mark 12:29
Deuteronomy 4:16
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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guru267 wrote:mwekez@ji wrote:mlennyma wrote:@mwekezaji this market does not listen to mathematics,this thing will crash below 14 If that happens, then it will not be due to dilution!!! The EPS will fall from 8bob to 1.25 because of dilution The DPS will fall from 1.5 to 30cents because of dilution In the current market guys will be willing to pay at most 9bob for such a share... So when it does fall below 14 it WILL be because of dilution technically the actual dilution will occur when the new 1.47 billion shares hit the market. Guru i agree with your share price prediction, God forbid it trades at pe of below 7.5 to 6! The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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guru267 wrote:mwekez@ji wrote:mlennyma wrote:@mwekezaji this market does not listen to mathematics,this thing will crash below 14 If that happens, then it will not be due to dilution!!! The EPS will fall from 8bob to 1.25 because of dilution The DPS will fall from 1.5 to 30cents because of dilution In the current market guys will be willing to pay at most 9bob for such a share... So when it does fall below 14 it WILL be because of dilution @Guru, any fall in price to less than 15.10 will not be due to dilution, but other factors If you insist it will be due to dilution, lets crunch the numbers, you have mine in post 74. Lemmi have yours showing a diluted share price of <14!
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