Wazua
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Kenya Airways...why ignore..
Rank: Elder Joined: 6/23/2009 Posts: 13,488 Location: nairobi
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maka wrote:Allan confirmed.... Obiero post the memo. Wait
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Elder Joined: 6/23/2009 Posts: 13,488 Location: nairobi
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obiero wrote:Monk wrote:obiero wrote:ArrestedDev wrote:Spikes wrote:obiero wrote:snifadog wrote:obiero wrote:snifadog wrote:borderline genius ? taken with a large pinch of salt coming from a KQ addict like you Research a little about the schooling of the man.. Not everything African is bad. Even Kibaki was a borderline genius going by his grades schooling is mostly about exams..anyone well prepared can pass an exam. our african schools are about memorising correct answers to exam questions and regurgitating in the exam hall. let no fancy sounding schools fool you This is the problem in Africa. We always try to bring down anyone who's doing better than us 'Doing better than us' How? Everybody is endowed differently in terms of gifts and talents...And I don't think Nguze and his predecessor Naikuni were gifted or talented in transforming KQ... They were just nepotism/cronyism appointees by the state. About schooling and qualifications, a number of Kenyans can outshine most crooks heading big corporations . You can't tell us these crooks including your buddy Alex Mbugua are more educated than us Wazuans! Well said. Just connections. He is the brother of a Royal family Bank CEO. Well connected to the Royal family and hence facilitate deals for the investment firm. Naikuni was selected to the defunct RVR board to facilitate money laundering through SPVs. I mentioned it in this forum. Airtel board - gave them a contract while he was in KQ for some mobile services - @maka shed more light on what service Airtel was to offer KQ - you mentioned a while in here. Royalty nothing! He worked for his accomplishments.. We can't all be CEOs.. Next we will state here that Allan the Jambojet CEO got hired erroneously by GE.. Let's just blog in peace and accept our status in life @Obiero You have me baffled. I thought you are a man of the world who sometimes likes to play devils advocate. This time you sound naive...no offense. @Monk naivety is the juice of kings, for no one knows everything We welcome Allan the turnaround CEO 
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Member Joined: 5/29/2016 Posts: 898 Location: Nairobi
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maka wrote:Allan confirmed.... Obiero post the memo. Instituted any tangible changes since he started on the role or just to protect ‘our interests’?
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Rank: Chief Joined: 1/3/2007 Posts: 18,084 Location: Nairobi
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ArrestedDev wrote:maka wrote:Allan confirmed.... Obiero post the memo. Instituted any tangible changes since he started on the role or just to protect ‘our interests’? Freebies ya Obiero?  Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 12/4/2009 Posts: 10,663 Location: NAIROBI
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mwekez@ji wrote:VituVingiSana wrote:Ericsson wrote:littledove wrote:obiero wrote:VituVingiSana wrote:obiero wrote:Ericsson wrote:sparkly wrote:Spikes wrote:obiero wrote:42 billion in the air. I speak in code Codes never work anymore! Shareholders are ripped off,you being one of them. Watch and learn Approaching take off 737 MAX with MCAS!  Wewe Wacha! Treasury has allocated the funds and release shall be in next few weeks is the allocation meant for nationalization or just to stabilize operation? Stabilize operation Nationalization unless they buy out the minority shareholders and then defer payment for KQLC 42 Billion for stabilization?  KQLC deserves to be paid off given they were coerced into the Debt:Equity exchange.. Wengine wapambane na hali wake. I've heard of 5B that will be from government in form of convertible debt to support working capital. Not 42B. Boom and ksh.5bn it is https://pbs.twimg.com/me...rmat=jpg&name=mediumWealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Chief Joined: 1/3/2007 Posts: 18,084 Location: Nairobi
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What the heck? Another 5bn? Waste of money. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 12/4/2009 Posts: 10,663 Location: NAIROBI
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VituVingiSana wrote:What the heck?
Another 5bn?
Waste of money. Money is for; Completing scheduled engine overhaul programme on E190 embraer fleet Fund general working capital requirement Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Chief Joined: 1/3/2007 Posts: 18,084 Location: Nairobi
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Ericsson wrote:VituVingiSana wrote:What the heck?
Another 5bn?
Waste of money. Money is for; Completing scheduled engine overhaul programme on E190 embraer fleet Fund general working capital requirement Yaani, those E190s aren't generating enough to pay for the engine overhauls? And the "general WC" requirement is as good as saying that it will be used to cover losses. That 5bn loan will be "converted" in equity in a negative equity firm. Taxpayers are being hosed down. 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: 13,488 Location: nairobi
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VituVingiSana wrote:Ericsson wrote:VituVingiSana wrote:What the heck?
Another 5bn?
Waste of money. Money is for; Completing scheduled engine overhaul programme on E190 embraer fleet Fund general working capital requirement Yaani, those E190s aren't generating enough to pay for the engine overhauls? And the "general WC" requirement is as good as saying that it will be used to cover losses. That 5bn loan will be "converted" in equity in a negative equity firm. Taxpayers are being hosed down. Exercise caution in dealing with KQ shares
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Chief Joined: 1/3/2007 Posts: 18,084 Location: Nairobi
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obiero wrote:VituVingiSana wrote:Ericsson wrote:VituVingiSana wrote:What the heck?
Another 5bn?
Waste of money. Money is for; Completing scheduled engine overhaul programme on E190 embraer fleet Fund general working capital requirement Yaani, those E190s aren't generating enough to pay for the engine overhauls? And the "general WC" requirement is as good as saying that it will be used to cover losses. That 5bn loan will be "converted" in equity in a negative equity firm. Taxpayers are being hosed down. Exercise caution in dealing with KQ shares You should help out KQ by lending it lots of money Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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VituVingiSana wrote:obiero wrote:VituVingiSana wrote:Ericsson wrote:VituVingiSana wrote:What the heck?
Another 5bn?
Waste of money. Money is for; Completing scheduled engine overhaul programme on E190 embraer fleet Fund general working capital requirement Yaani, those E190s aren't generating enough to pay for the engine overhauls? And the "general WC" requirement is as good as saying that it will be used to cover losses. That 5bn loan will be "converted" in equity in a negative equity firm. Taxpayers are being hosed down. Exercise caution in dealing with KQ shares You should help out KQ by lending it lots of money Bottomless pit Life is short. Live passionately.
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Rank: Member Joined: 12/8/2006 Posts: 104
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Ebenyo wrote:Going by KQ latest audited numbers I wonder how Gok will pay shareholders kshs 8 per share.
KQ assets-kshs 136,634,000,000
kq debts-kshs 139,127,000,000
kq shareholders funds-kshs (2,493,000,000)
This means every KQ shareholder is holding a worthless share worth kshs -0.4
Even the current market price of kshs 2 is indeed a premium.
So how does Gok buy a company worth negative 0.4 per share for kshs 8 per share? or which metrics will be used?
Gok will have to fork out kshs 45 billion to buy kq shareholders at kshs 8 per share.This will be a huge generous offe Thanks for asking a basic question that no-one has been able to answer. With the new KES5Bn injection approved on Friday, 28th Feb and a weekend of silence, so no chance to trade, Shareholders will be wiped out on Monday. Especially if it convertible debt with a strike price. KQ is now a govt. parastatal.
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Rank: Elder Joined: 12/4/2009 Posts: 10,663 Location: NAIROBI
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passiveinvestor wrote:Ebenyo wrote:Going by KQ latest audited numbers I wonder how Gok will pay shareholders kshs 8 per share.
KQ assets-kshs 136,634,000,000
kq debts-kshs 139,127,000,000
kq shareholders funds-kshs (2,493,000,000)
This means every KQ shareholder is holding a worthless share worth kshs -0.4
Even the current market price of kshs 2 is indeed a premium.
So how does Gok buy a company worth negative 0.4 per share for kshs 8 per share? or which metrics will be used?
Gok will have to fork out kshs 45 billion to buy kq shareholders at kshs 8 per share.This will be a huge generous offe Thanks for asking a basic question that no-one has been able to answer. With the new KES5Bn injection approved on Friday, 28th Feb and a weekend of silence, so no chance to trade, Shareholders will be wiped out on Monday. Especially if it convertible debt with a strike price. KQ is now a govt. parastatal. @Obiero say something as concerning the above Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Member Joined: 12/8/2006 Posts: 104
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the deal wrote:littledove wrote:Ericsson wrote:RIEK01 wrote:Ericsson wrote:Nationalization to kick off on December 20th Source? Citizen news yesterday https://www.businessdail...49562-5wj445/index.html
The Treasury has announced plans to buy out Air France-KLM, local banks and more than 80, 000 individual shareholders from Kenya Airways and delist the national carrier from the Nairobi Securities Exchange (NSE) Transport Principal Secretary Esther Koimett told Parliament on Thursday that the buyout plan comes after the House voted in July to nationalise Kenya Airways to save it from mounting debts. The Transport ministry is working with the International Finance Corporation (IFC) to hire a technical expert to conduct a fresh valuation and buying price. Good news...hope this expert remembers us... @the Deal, these "experts'" mandate is to do their employer's bidding. If they are hired by the Government, their job is to do whatever it takes to facilitate: 1. The goal of implementing State Control 2. The goal of keeping planes in the air Neither of this has ANYTHING to do with Shareholders. - Debt holders can attach planes, cut off fuel supplies, etc - Employees can strike - One class of employees, Pilots, can cripple an airline instantly via wildcat strikes. - Shareholders can complain on message boards and run to court. (They can't ask the courts to stop flights, or fire management without further destroying the company) Shareholders are now irrelevant from a stakeholder perspective. Not critiquing anyone who holds the shares (and I don't). Just placing things in sharp relief.
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Rank: Chief Joined: 1/3/2007 Posts: 18,084 Location: Nairobi
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passiveinvestor wrote:the deal wrote:littledove wrote:Ericsson wrote:RIEK01 wrote:Ericsson wrote:Nationalization to kick off on December 20th Source? Citizen news yesterday https://www.businessdail...49562-5wj445/index.html
The Treasury has announced plans to buy out Air France-KLM, local banks and more than 80, 000 individual shareholders from Kenya Airways and delist the national carrier from the Nairobi Securities Exchange (NSE) Transport Principal Secretary Esther Koimett told Parliament on Thursday that the buyout plan comes after the House voted in July to nationalise Kenya Airways to save it from mounting debts. The Transport ministry is working with the International Finance Corporation (IFC) to hire a technical expert to conduct a fresh valuation and buying price. Good news...hope this expert remembers us... @the Deal, these "experts'" mandate is to do their employer's bidding. If they are hired by the Government, their job is to do whatever it takes to facilitate: 1. The goal of implementing State Control 2. The goal of keeping planes in the air Neither of this has ANYTHING to do with Shareholders. - Debt holders can attach planes, cut off fuel supplies, etc - Employees can strike - One class of employees, Pilots, can cripple an airline instantly via wildcat strikes. - Shareholders can complain on message boards and run to court. (They can't ask the courts to stop flights, or fire management without further destroying the company) Shareholders are now irrelevant from a stakeholder perspective. Not critiquing anyone who holds the shares (and I don't). Just placing things in sharp relief. 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: 13,488 Location: nairobi
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VituVingiSana wrote:passiveinvestor wrote:the deal wrote:littledove wrote:Ericsson wrote:RIEK01 wrote:Ericsson wrote:Nationalization to kick off on December 20th Source? Citizen news yesterday https://www.businessdail...49562-5wj445/index.html
The Treasury has announced plans to buy out Air France-KLM, local banks and more than 80, 000 individual shareholders from Kenya Airways and delist the national carrier from the Nairobi Securities Exchange (NSE) Transport Principal Secretary Esther Koimett told Parliament on Thursday that the buyout plan comes after the House voted in July to nationalise Kenya Airways to save it from mounting debts. The Transport ministry is working with the International Finance Corporation (IFC) to hire a technical expert to conduct a fresh valuation and buying price. Good news...hope this expert remembers us... @the Deal, these "experts'" mandate is to do their employer's bidding. If they are hired by the Government, their job is to do whatever it takes to facilitate: 1. The goal of implementing State Control 2. The goal of keeping planes in the air Neither of this has ANYTHING to do with Shareholders. - Debt holders can attach planes, cut off fuel supplies, etc - Employees can strike - One class of employees, Pilots, can cripple an airline instantly via wildcat strikes. - Shareholders can complain on message boards and run to court. (They can't ask the courts to stop flights, or fire management without further destroying the company) Shareholders are now irrelevant from a stakeholder perspective. Not critiquing anyone who holds the shares (and I don't). Just placing things in sharp relief. 80,000 shareholders may not be as irrelevant as imagined
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Chief Joined: 1/3/2007 Posts: 18,084 Location: Nairobi
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obiero wrote:VituVingiSana wrote:passiveinvestor wrote:the deal wrote:littledove wrote:Ericsson wrote:RIEK01 wrote:Ericsson wrote:Nationalization to kick off on December 20th Source? Citizen news yesterday https://www.businessdail...49562-5wj445/index.html
The Treasury has announced plans to buy out Air France-KLM, local banks and more than 80, 000 individual shareholders from Kenya Airways and delist the national carrier from the Nairobi Securities Exchange (NSE) Transport Principal Secretary Esther Koimett told Parliament on Thursday that the buyout plan comes after the House voted in July to nationalise Kenya Airways to save it from mounting debts. The Transport ministry is working with the International Finance Corporation (IFC) to hire a technical expert to conduct a fresh valuation and buying price. Good news...hope this expert remembers us... @the Deal, these "experts'" mandate is to do their employer's bidding. If they are hired by the Government, their job is to do whatever it takes to facilitate: 1. The goal of implementing State Control 2. The goal of keeping planes in the air Neither of this has ANYTHING to do with Shareholders. - Debt holders can attach planes, cut off fuel supplies, etc - Employees can strike - One class of employees, Pilots, can cripple an airline instantly via wildcat strikes. - Shareholders can complain on message boards and run to court. (They can't ask the courts to stop flights, or fire management without further destroying the company) Shareholders are now irrelevant from a stakeholder perspective. Not critiquing anyone who holds the shares (and I don't). Just placing things in sharp relief. 80,000 shareholders may not be as irrelevant as imagined The % of shareholding aka votes counts. Kelele ya chura does not. BUT we will "Watch and Learn" Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Chief Joined: 1/3/2007 Posts: 18,084 Location: Nairobi
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https://www.businessdail...474460-lahnbm/index.htmlGreedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Member Joined: 1/18/2019 Posts: 185 Location: kenya
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passiveinvestor wrote:Ebenyo wrote:Going by KQ latest audited numbers I wonder how Gok will pay shareholders kshs 8 per share.
KQ assets-kshs 136,634,000,000
kq debts-kshs 139,127,000,000
kq shareholders funds-kshs (2,493,000,000)
This means every KQ shareholder is holding a worthless share worth kshs -0.4
Even the current market price of kshs 2 is indeed a premium.
So how does Gok buy a company worth negative 0.4 per share for kshs 8 per share? or which metrics will be used?
Gok will have to fork out kshs 45 billion to buy kq shareholders at kshs 8 per share.This will be a huge generous offe Thanks for asking a basic question that no-one has been able to answer. With the new KES5Bn injection approved on Friday, 28th Feb and a weekend of silence, so no chance to trade, Shareholders will be wiped out on Monday. Especially if it convertible debt with a strike price. KQ is now a govt. parastatal. If the banks are getting bought out at 8.25 there's a chance @obiero and his mates will also be bought out at the same price since all shares rank pari passu. Wouldn't it be complicated to buy out different shareholders with the same class of shares at different price points? This is a gamble of a lifetime however, we'll be here to monitor some people's blood pressure
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Rank: Member Joined: 1/18/2019 Posts: 185 Location: kenya
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passiveinvestor wrote:Ebenyo wrote:Going by KQ latest audited numbers I wonder how Gok will pay shareholders kshs 8 per share.
KQ assets-kshs 136,634,000,000
kq debts-kshs 139,127,000,000
kq shareholders funds-kshs (2,493,000,000)
This means every KQ shareholder is holding a worthless share worth kshs -0.4
Even the current market price of kshs 2 is indeed a premium.
So how does Gok buy a company worth negative 0.4 per share for kshs 8 per share? or which metrics will be used?
Gok will have to fork out kshs 45 billion to buy kq shareholders at kshs 8 per share.This will be a huge generous offe Thanks for asking a basic question that no-one has been able to answer. With the new KES5Bn injection approved on Friday, 28th Feb and a weekend of silence, so no chance to trade, Shareholders will be wiped out on Monday. Especially if it convertible debt with a strike price. KQ is now a govt. parastatal. If the banks are getting bought out at 8.25 there's a chance @obiero and his mates will also be bought out at the same price since all shares rank pari passu. Wouldn't it be complicated to buy out different shareholders with the same class of shares at different price points? This is a gamble of a lifetime however, we'll be here to monitor some people's blood pressure
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