[quote=eggnest]this is what Aly Khan has to say about KQ
http://www.rich.co.ke/media/docs/037NSX2101.pdf[/quote] Does he have shares in KQ or is it a PR push?

I expect a 2H loss which when added to the 1H loss will be the largest loss ever made by a listed Kenyan firm!

Now we are talking the same language but don't you like Longhorn? You have been raving about it's prospects!

DILUTION EXPECTED:

Around 1.48 billion new shares will be created. Add the current 496m shares, lets call it 0.5m shares. Total 1.98 billion shares.

Profit after tax last year 2011 was 3.54 billion shillings. Expected to drop by more than 25 percent. 70 percent of 3.54 billion shillings is 2.478 billion shillings. Diluted eps will be 2.478/1.98=1.25.

Current market average pe is 7.5. 7.5*1.25=9.40. At a pe of 7.5 kq will be trading at 9.40 shillings post rights. Enjoy.

KQ 16:5 rights will burn your fingures

If you can, sell your secondary rights of KQ at NSE and forfeit paying 14 bob for every 5 shares you have. KQ will start making positive returns from the rights issue partially in 2014 and the Dreamline delivery will have to work like clock work for KQ to give good returns for those who will have been holding the baby from 2012 to 2014.

Wait for KQ at 10 bob or less after the rights issue and just when elections fever will be high as we end the year and before March 2013 or June 2013 if there will be a rerun.

Those who have ears, let them hear.

I foresee a political assassination this year.

They have eyes, but do not see, they have ears but do not hear.