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Kenya Airways...why ignore..
Rank: Chief Joined: 1/3/2007 Posts: 18,221 Location: Nairobi
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obiero wrote:VituVingiSana wrote:obiero wrote:sparkly wrote:obiero wrote:VituVingiSana wrote:obiero wrote:The new entrant to NSE's top 10 most capitalized firms list is Kenya Airways , whose share restructuring deal has boosted its market valuation by Sh93.8 billion. This has on paper left the airline as the NSE’s fifth largest firm by capitalisation, although its retail shareholders have nominally taken a steep cut in the number of shares held. KQ’s big jump has come as a result of issuing new shares to the Treasury and a consortium of banks in a debt swap that was completed at the end of last month. This injection of 4.18 billion shares, combined with the share price of the airline jumping to Sh18.05, have moved its capitalisation to Sh102.5 billion, having stood at just Sh8.8 billion at the beginning of the year when the company had 1.46 billion shares in issue. http://www.businessdaily...34138-veh4sj/index.html
In other words, the only reason for a larger capitalization is the conversion of (bad) debt into equity NOT due to growth in profits. @vvs.. A well capitalized company is a solid firm. The restructuring was done with an end goal in mind.. It's a very positive development for KQ whichever way we view it. Profits shall come at some point soon. Be patient Look at the other side of the balance, there are debts to the tune of 190B. Restructuring was just to enable KQ continue opearting as a going concern and stop aircraft lessors from seizing the airplanes. In other words KQ is just a strategic asset, a cog in the wheel in the stimulation of the Kenya economy towards an industrializing middle income status by 2030. GOK the main shareholder is not interested in growing shareholder wealth or making profits for the time being. I thought the CS Finance said otherwise about the return on equity investment. By being an operating concern with a reduced debt balance, then the firm stands on solid ground for return to profitability. Books close in the next 11 days at an obvious loss position but profits are on the way in Q1 2018 Are you talking of the guy who is in charge of borrowing money at 12.5% tax-free and then giving it to KQ at a far lower rate? If that's the same chap, then you are right... he is a finance whiz. He should be promoted to running the IMF, World Bank, US Treasury and China Treasury simultaneously! *My concern is that using taxpayer funds or taxing others to subsidize a particular sector or firm hurts the overall growth of the economy. This isn't about temporary help for KQ to get through a rough patch but a permanent drain on resources to fund the lifestyles of the corrupt and incompetent. Now who at KQ is corrupt or incompetent, Michael Joseph? Sebastian Mikosz? Martin Oduor? KALPA? Naikuni left and so did his accomplices.. Let's give rise to a new beginning Alex Mbugua who remains an employee of KQ. If you re-read my post... I am not talking of SM or MJ but those vultures with connections who are waiting for MJ and SM to be sacked/retired. Look how TN and SM came into the picture after Brian Presbury had set a (profitable) course for KQ. Anyway, let me crawl back into my tank at KK and smell the sweet vapors os that profitable petrol  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: 13,775 Location: nairobi
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VituVingiSana wrote:obiero wrote:VituVingiSana wrote:obiero wrote:sparkly wrote:obiero wrote:VituVingiSana wrote:obiero wrote:The new entrant to NSE's top 10 most capitalized firms list is Kenya Airways , whose share restructuring deal has boosted its market valuation by Sh93.8 billion. This has on paper left the airline as the NSE’s fifth largest firm by capitalisation, although its retail shareholders have nominally taken a steep cut in the number of shares held. KQ’s big jump has come as a result of issuing new shares to the Treasury and a consortium of banks in a debt swap that was completed at the end of last month. This injection of 4.18 billion shares, combined with the share price of the airline jumping to Sh18.05, have moved its capitalisation to Sh102.5 billion, having stood at just Sh8.8 billion at the beginning of the year when the company had 1.46 billion shares in issue. http://www.businessdaily...34138-veh4sj/index.html
In other words, the only reason for a larger capitalization is the conversion of (bad) debt into equity NOT due to growth in profits. @vvs.. A well capitalized company is a solid firm. The restructuring was done with an end goal in mind.. It's a very positive development for KQ whichever way we view it. Profits shall come at some point soon. Be patient Look at the other side of the balance, there are debts to the tune of 190B. Restructuring was just to enable KQ continue opearting as a going concern and stop aircraft lessors from seizing the airplanes. In other words KQ is just a strategic asset, a cog in the wheel in the stimulation of the Kenya economy towards an industrializing middle income status by 2030. GOK the main shareholder is not interested in growing shareholder wealth or making profits for the time being. I thought the CS Finance said otherwise about the return on equity investment. By being an operating concern with a reduced debt balance, then the firm stands on solid ground for return to profitability. Books close in the next 11 days at an obvious loss position but profits are on the way in Q1 2018 Are you talking of the guy who is in charge of borrowing money at 12.5% tax-free and then giving it to KQ at a far lower rate? If that's the same chap, then you are right... he is a finance whiz. He should be promoted to running the IMF, World Bank, US Treasury and China Treasury simultaneously! *My concern is that using taxpayer funds or taxing others to subsidize a particular sector or firm hurts the overall growth of the economy. This isn't about temporary help for KQ to get through a rough patch but a permanent drain on resources to fund the lifestyles of the corrupt and incompetent. Now who at KQ is corrupt or incompetent, Michael Joseph? Sebastian Mikosz? Martin Oduor? KALPA? Naikuni left and so did his accomplices.. Let's give rise to a new beginning Alex Mbugua who remains an employee of KQ. If you re-read my post... I am not talking of SM or MJ but those vultures with connections who are waiting for MJ and SM to be sacked/retired. Look how TN and SM came into the picture after Brian Presbury had set a (profitable) course for KQ. Anyway, let me crawl back into my tank at KK and smell the sweet vapors os that profitable petrol Hehe. All the best with your sniffs
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: 13,775 Location: nairobi
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http://www.businessdaily...36230-3yf1dbz/index.html
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: Chief Joined: 1/3/2007 Posts: 18,221 Location: Nairobi
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http://www.businessdaily...6230-3yf1dbz/index.html[/quote] BRILLIANT! Make 100 shares = 25 shares "Increase" the price by 225% Overall, the poor shareholder loses his "net value" but make it sound like it's a huge gain! No wonder why @Obiero feels so elated despite being down 35% [without factoring in opportunity costs] 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: 13,775 Location: nairobi
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VituVingiSana wrote:http://www.businessdaily...6230-3yf1dbz/index.html[/quote] BRILLIANT! Make 100 shares = 25 shares "Increase" the price by 225% Overall, the poor shareholder loses his "net value" but make it sound like it's a huge gain! No wonder why @Obiero feels so elated despite being down 35% [without factoring in opportunity costs] @vvs if I had not sold KCB at KES 60, COOP at 21 or HFCK at KES 24 I would be drained by now. The road to investment success is a personal journey that rarely follows the same route! Ngoja Open Offer kaka uone KQ reloaded. The NSE has given me good returns this year via COOP.. I can't complain about KQ being down 35% as I am going long on it. By the way even at 225% the DSE guys got a raw deal since the share jumped up without space for onboarding. At least in Kenya NSE allowed some lucky few to buy at lows of upto KES 2.10..
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: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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VituVingiSana wrote:http://www.businessdaily...6230-3yf1dbz/index.html[/quote] BRILLIANT! Make 100 shares = 25 shares "Increase" the price by 225% Overall, the poor shareholder loses his "net value" but make it sound like it's a huge gain! No wonder why @Obiero feels so elated despite being down 35% [without factoring in opportunity costs] The writer is either clueless or on a deliberate mission to deceive. Life is short. Live passionately.
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Rank: Elder Joined: 6/23/2009 Posts: 13,775 Location: nairobi
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sparkly wrote:VituVingiSana wrote:http://www.businessdaily...6230-3yf1dbz/index.html[/quote] BRILLIANT! Make 100 shares = 25 shares "Increase" the price by 225% Overall, the poor shareholder loses his "net value" but make it sound like it's a huge gain! No wonder why @Obiero feels so elated despite being down 35% [without factoring in opportunity costs] The writer is either clueless or on a deliberate mission to deceive. Deceive who and why.. Meanwhile we continue to close 2017 strong http://www.businessdaily...237016-un6a57/index.html
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: 13,775 Location: nairobi
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Sebastian Mikosz takes no prisoners http://www.businessdaily...36868-13c8deg/index.html
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: 11/7/2017 Posts: 186 Location: Nairobi
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Hellos
For an existing shareholder is it viable to sell the existing shares now at Kshs 18, so as to buy more shares when the open offer is out at Kshs 2. Does one loose out on the open offer if you dispose the consolidated shares before then
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Rank: Elder Joined: 6/23/2009 Posts: 13,775 Location: nairobi
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Stiffler wrote:Hellos
For an existing shareholder is it viable to sell the existing shares now at Kshs 18, so as to buy more shares when the open offer is out at Kshs 2. Does one loose out on the open offer if you dispose the consolidated shares before then That is an unknown in regards to the ratio and price of the Open Offer. No one shall give you a real answer. But to attempt one, sell now if portfolio is above initial buy price, but that will keep you away from the Open Offer since it is strictly on pre emptive basis for existing shareholders. My only worry now is why the same has not been announced 22 days after relisting
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: 11/7/2017 Posts: 186 Location: Nairobi
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obiero wrote:Stiffler wrote:Hellos
For an existing shareholder is it viable to sell the existing shares now at Kshs 18, so as to buy more shares when the open offer is out at Kshs 2. Does one loose out on the open offer if you dispose the consolidated shares before then That is an unknown in regards to the ratio and price of the Open Offer. No one shall give you a real answer. But to attempt one, sell now if portfolio is above initial buy price, but that will keep you away from the Open Offer since it is strictly on pre emptive basis for existing shareholders By existing shareholders do you mean those at the time of consolidation or open offer
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Rank: Elder Joined: 6/23/2009 Posts: 13,775 Location: nairobi
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Stiffler wrote:obiero wrote:Stiffler wrote:Hellos
For an existing shareholder is it viable to sell the existing shares now at Kshs 18, so as to buy more shares when the open offer is out at Kshs 2. Does one loose out on the open offer if you dispose the consolidated shares before then That is an unknown in regards to the ratio and price of the Open Offer. No one shall give you a real answer. But to attempt one, sell now if portfolio is above initial buy price, but that will keep you away from the Open Offer since it is strictly on pre emptive basis for existing shareholders By existing shareholders do you mean those at the time of consolidation or open offer Existing shareholders by book closure date upon Open Offer announcement, which is unlikely to be backdated! My only worry is why 22 days after resumption of trading, shareholders do not know the ratio nor price of the Open Offer. Alot of boardroom gymnastics in play
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: 13,775 Location: nairobi
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Only 6,330,200 out of 5.2B KQ shares have been traded since resumption of trading.. I interpret the same to imply faith in Michael Joseph and Sebastian Mikosz restoring the Pride of Africa one action at a time https://www.businessdail...37808-nkry7qz/index.html
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: 13,775 Location: nairobi
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All eyes on Mikosz to rescue KQ https://www.businessdail...238258-i6jp8s/index.html
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: 10,778 Location: NAIROBI
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Unit price of a Bombardier C Series is US$80mn Unit price of Boeing 737 is US$100mn Unit price of Boeing 777 is US$300mn Unit price of Boeing 787-9 dreamliner is US$250mn Above are prices for brand new planes Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Member Joined: 5/29/2016 Posts: 898 Location: Nairobi
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[quote=obiero]All eyes on Mikosz to rescue KQ https://www.businessdail...38258-i6jp8s/index.html[/quote] I expect him to recall the 2 dreamliners from Oman Air. It was a big blunder committed by Ngunze.
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Rank: Elder Joined: 6/23/2009 Posts: 13,775 Location: nairobi
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ArrestedDev wrote:I expect him to recall the 2 dreamliners from Oman Air. It was a big blunder committed by Ngunze. Ngunze never worked alone.. Tugange yajayo!
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: 10,778 Location: NAIROBI
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Profit taking inaendelea Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 6/23/2009 Posts: 13,775 Location: nairobi
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Ericsson wrote:Profit taking inaendelea Very few shares traded in the last three weeks
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:Ericsson wrote:Profit taking inaendelea Very few shares traded in the last three weeks Offload your holding at monumental loss and bring the funds in cryptocurrency. Why hold KQ stock when you can increase your capital with big multiples at international exchanges of digital coins . Dump and run from the crap that was orchestrated by clowns-Alex Mbigua, Naikuni Titus,Nguze and other crooks holding plum positions at KQ. We as a community of techsavvy traders will help you for free to attain global status of investing in virtual currencies. Welcome on board. Disclaimer : This is not an endorsement to allow you swim naked without due diligence. John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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