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Kenya Airways...why ignore..
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obiero
#15381 Posted : Thursday, June 30, 2022 9:53:39 AM
Rank: Elder


Joined: 6/23/2009
Posts: 14,052
Location: nairobi
2023 is almost here.. been a long one, this one. mvumilivu hula..

KQ ABP 4.26
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obiero
#15382 Posted : Thursday, July 07, 2022 3:37:59 PM
Rank: Elder


Joined: 6/23/2009
Posts: 14,052
Location: nairobi

KQ ABP 4.26
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obiero
#15383 Posted : Friday, July 08, 2022 1:43:13 PM
Rank: Elder


Joined: 6/23/2009
Posts: 14,052
Location: nairobi
04.01.2023

KQ ABP 4.26
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VituVingiSana
#15384 Posted : Friday, July 08, 2022 9:12:39 PM
Rank: Chief


Joined: 1/3/2007
Posts: 18,290
Location: Nairobi
AGM, aje?
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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obiero
#15385 Posted : Saturday, July 09, 2022 1:33:55 PM
Rank: Elder


Joined: 6/23/2009
Posts: 14,052
Location: nairobi
VituVingiSana wrote:
AGM, aje?

KQ transformation journey is completed. Awaiting take off

KQ ABP 4.26
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VituVingiSana
#15386 Posted : Monday, July 11, 2022 11:21:25 AM
Rank: Chief


Joined: 1/3/2007
Posts: 18,290
Location: Nairobi
obiero wrote:
VituVingiSana wrote:
AGM, aje?

KQ transformation journey is completed. Awaiting take off

Wamelipa pesa za mafuta? Laughing out loudly
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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VituVingiSana
#15387 Posted : Monday, July 18, 2022 1:17:28 AM
Rank: Chief


Joined: 1/3/2007
Posts: 18,290
Location: Nairobi
KQ suspends London route ticket sales on airport crisis

https://www.businessdail...heathrow-crisis-3880126

Airlines are a tough business.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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sparkly
#15388 Posted : Thursday, July 21, 2022 9:59:33 AM
Rank: Elder


Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
Life is hard for KQ small shareholders
Life is short. Live passionately.
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Impunity
#15389 Posted : Thursday, July 21, 2022 12:30:48 PM
Rank: Elder


Joined: 3/2/2009
Posts: 26,330
Location: Masada
*KQ reneges on new share promise to small owners*
Kenya Airways has reneged on a promise to minority shareholders to issue them with new stakes at a discount as compensation for ownership cut they suffered during the airline’s 2017 restructuring. Small investors lost 75 per cent of the shares they held in the company in the financial engineering that accompanied the conversion of $587.6 million (Sh69.6 billion) loans from the National Treasury, KLM and banks to equity.
Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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My 2 cents
#15390 Posted : Thursday, July 21, 2022 6:04:54 PM
Rank: Veteran


Joined: 6/2/2010
Posts: 1,081
Impunity wrote:
*KQ reneges on new share promise to small owners*
Kenya Airways has reneged on a promise to minority shareholders to issue them with new stakes at a discount as compensation for ownership cut they suffered during the airline’s 2017 restructuring. Small investors lost 75 per cent of the shares they held in the company in the financial engineering that accompanied the conversion of $587.6 million (Sh69.6 billion) loans from the National Treasury, KLM and banks to equity.


On a light note.
A person who owns a yatch should know how to spell yatch smile

Back to business.
Most airlines should be run as a social enterprise. To provide a service with no expectation of making a profit. But will full expectation of making a loss every now and then.
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VituVingiSana
#15391 Posted : Thursday, July 21, 2022 8:11:40 PM
Rank: Chief


Joined: 1/3/2007
Posts: 18,290
Location: Nairobi
My 2 cents wrote:
Impunity wrote:
*KQ reneges on new share promise to small owners*
Kenya Airways has reneged on a promise to minority shareholders to issue them with new stakes at a discount as compensation for ownership cut they suffered during the airline’s 2017 restructuring. Small investors lost 75 per cent of the shares they held in the company in the financial engineering that accompanied the conversion of $587.6 million (Sh69.6 billion) loans from the National Treasury, KLM and banks to equity.


On a light note.
A person who owns a yatch should know how to spell yatch smile

Back to business.
Most airlines should be run as a social enterprise. To provide a service with no expectation of making a profit. But will full expectation of making a loss every now and then.
Which should not be run as a social enterprise? Laughing out loudly
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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chiaroscuro
#15392 Posted : Thursday, July 28, 2022 11:05:26 AM
Rank: Veteran


Joined: 2/2/2012
Posts: 1,134
Location: Nairobi
Impunity wrote:
*KQ reneges on new share promise to small owners*
Kenya Airways has reneged on a promise to minority shareholders to issue them with new stakes at a discount as compensation for ownership cut they suffered during the airline’s 2017 restructuring. Small investors lost 75 per cent of the shares they held in the company in the financial engineering that accompanied the conversion of $587.6 million (Sh69.6 billion) loans from the National Treasury, KLM and banks to equity.


Did anyone lose shares?

Or were they just diluted because new shares were created and offered to creditors in exchange for loans beings converted to equity?

The reality is that the creditors were the losers; not the minority shareholders!
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VituVingiSana
#15393 Posted : Thursday, July 28, 2022 12:21:16 PM
Rank: Chief


Joined: 1/3/2007
Posts: 18,290
Location: Nairobi
chiaroscuro wrote:
Impunity wrote:
*KQ reneges on new share promise to small owners*
Kenya Airways has reneged on a promise to minority shareholders to issue them with new stakes at a discount as compensation for ownership cut they suffered during the airline’s 2017 restructuring. Small investors lost 75 per cent of the shares they held in the company in the financial engineering that accompanied the conversion of $587.6 million (Sh69.6 billion) loans from the National Treasury, KLM and banks to equity.


Did anyone lose shares?

Or were they just diluted because new shares were created and offered to creditors in exchange for loans beings converted to equity?

The reality is that the creditors were the losers; not the minority shareholders!

Applause Applause Applause Applause
If GoK had allowed the creditors to do their thing... KQ would be in liquidation.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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obiero
#15394 Posted : Wednesday, August 03, 2022 6:20:16 AM
Rank: Elder


Joined: 6/23/2009
Posts: 14,052
Location: nairobi
VituVingiSana wrote:
chiaroscuro wrote:
Impunity wrote:
*KQ reneges on new share promise to small owners*
Kenya Airways has reneged on a promise to minority shareholders to issue them with new stakes at a discount as compensation for ownership cut they suffered during the airline’s 2017 restructuring. Small investors lost 75 per cent of the shares they held in the company in the financial engineering that accompanied the conversion of $587.6 million (Sh69.6 billion) loans from the National Treasury, KLM and banks to equity.


Did anyone lose shares?

Or were they just diluted because new shares were created and offered to creditors in exchange for loans beings converted to equity?

The reality is that the creditors were the losers; not the minority shareholders!

Applause Applause Applause Applause
If GoK had allowed the creditors to do their thing... KQ would be in liquidation.

No shares were lost and the restructuring did save KQ, but the Open Offer would have created value for the diluted minority shareholders

KQ ABP 4.26
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obiero
#15395 Posted : Wednesday, August 24, 2022 2:04:27 PM
Rank: Elder


Joined: 6/23/2009
Posts: 14,052
Location: nairobi
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obiero
#15396 Posted : Sunday, October 16, 2022 5:17:29 PM
Rank: Elder


Joined: 6/23/2009
Posts: 14,052
Location: nairobi
Africa's Leading Airline
Africa's Leading Airline - Business Class
Africa's Leading Airline - Brand
Africa's Leading Inflight Magazine

A King is rarely appreciated in his household

KQ ABP 4.26
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obiero
#15397 Posted : Thursday, October 27, 2022 6:41:12 PM
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Location: nairobi
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VituVingiSana
#15398 Posted : Friday, October 28, 2022 2:08:16 AM
Rank: Chief


Joined: 1/3/2007
Posts: 18,290
Location: Nairobi
obiero wrote:
Do or die https://www.businessdail...of-strike-talks-3998930

The best thing for taxpayers is that KQ goes into bankruptcy.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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obiero
#15399 Posted : Friday, October 28, 2022 8:17:09 AM
Rank: Elder


Joined: 6/23/2009
Posts: 14,052
Location: nairobi
VituVingiSana wrote:
obiero wrote:
Do or die https://www.businessdail...of-strike-talks-3998930

The best thing for taxpayers is that KQ goes into bankruptcy.

The President has other ideas

KQ ABP 4.26
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obiero
#15400 Posted : Wednesday, November 02, 2022 7:19:04 PM
Rank: Elder


Joined: 6/23/2009
Posts: 14,052
Location: nairobi
obiero wrote:
VituVingiSana wrote:
obiero wrote:
Do or die https://www.businessdail...of-strike-talks-3998930

The best thing for taxpayers is that KQ goes into bankruptcy.

The President has other ideas

Who will blink first

KQ ABP 4.26
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