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Kenya Airways...why ignore..
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winston
#8181 Posted : Tuesday, August 01, 2017 3:49:35 PM
Rank: Member

Joined: 4/14/2010
Posts: 806
Location: Nairobi
After conversion of debt into equity for the banks (was it to be at 2.13/-?)...is there a lock in period for the banks or are they free to offload their stakes immediately in the stock market (at say 1/-)?
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Spikes
#8182 Posted : Tuesday, August 01, 2017 4:49:53 PM
Rank: Elder

Joined: 9/20/2015
Posts: 2,811
Location: Mombasa
winston wrote:
After conversion of debt into equity for the banks (was it to be at 2.13/-?)...is there a lock in period for the banks or are they free to offload their stakes immediately in the stock market (at say 1/-)?

At 1/- I'm in to salvage the banks!
John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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obiero
#8183 Posted : Tuesday, August 01, 2017 5:19:17 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,324
Location: nairobi
winston wrote:
After conversion of debt into equity for the banks (was it to be at 2.13/-?)...is there a lock in period for the banks or are they free to offload their stakes immediately in the stock market (at say 1/-)?

@winston the stake was considered too large in terms of liquidity and hence would be consolidated at a ratio of 4:1.. Implying 2.13 times 4.. The new price would therefore be KES 8.52
COOP, IMH, KEGN, KQ, MTNU
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maka
#8184 Posted : Tuesday, August 01, 2017 6:05:38 PM
Rank: Elder

Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
obiero wrote:
winston wrote:
After conversion of debt into equity for the banks (was it to be at 2.13/-?)...is there a lock in period for the banks or are they free to offload their stakes immediately in the stock market (at say 1/-)?

@winston the stake was considered too large in terms of liquidity and hence would be consolidated at a ratio of 4:1.. Implying 2.13 times 4.. The new price would therefore be KES 8.52


Really?
possunt quia posse videntur
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obiero
#8185 Posted : Tuesday, August 01, 2017 7:04:16 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,324
Location: nairobi
maka wrote:
obiero wrote:
winston wrote:
After conversion of debt into equity for the banks (was it to be at 2.13/-?)...is there a lock in period for the banks or are they free to offload their stakes immediately in the stock market (at say 1/-)?

@winston the stake was considered too large in terms of liquidity and hence would be consolidated at a ratio of 4:1.. Implying 2.13 times 4.. The new price would therefore be KES 8.52


Really?

Ngoja uone kaka.. Tulia tuli
COOP, IMH, KEGN, KQ, MTNU
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winston
#8186 Posted : Tuesday, August 01, 2017 7:14:25 PM
Rank: Member

Joined: 4/14/2010
Posts: 806
Location: Nairobi
obiero wrote:
winston wrote:
After conversion of debt into equity for the banks (was it to be at 2.13/-?)...is there a lock in period for the banks or are they free to offload their stakes immediately in the stock market (at say 1/-)?

@winston the stake was considered too large in terms of liquidity and hence would be consolidated at a ratio of 4:1.. Implying 2.13 times 4.. The new price would therefore be KES 8.52


@Obiero - Thanks. So conversion followed by consolidation...but still no lock in period.
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maka
#8187 Posted : Tuesday, August 01, 2017 7:39:19 PM
Rank: Elder

Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
obiero wrote:
maka wrote:
obiero wrote:
winston wrote:
After conversion of debt into equity for the banks (was it to be at 2.13/-?)...is there a lock in period for the banks or are they free to offload their stakes immediately in the stock market (at say 1/-)?

@winston the stake was considered too large in terms of liquidity and hence would be consolidated at a ratio of 4:1.. Implying 2.13 times 4.. The new price would therefore be KES 8.52


Really?

Ngoja uone kaka.. Tulia tuli


Thats very easy money to make...I think some of us are fools. God help us.
possunt quia posse videntur
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obiero
#8188 Posted : Tuesday, August 01, 2017 7:56:56 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,324
Location: nairobi
winston wrote:
obiero wrote:
winston wrote:
After conversion of debt into equity for the banks (was it to be at 2.13/-?)...is there a lock in period for the banks or are they free to offload their stakes immediately in the stock market (at say 1/-)?

@winston the stake was considered too large in terms of liquidity and hence would be consolidated at a ratio of 4:1.. Implying 2.13 times 4.. The new price would therefore be KES 8.52


@Obiero - Thanks. So conversion followed by consolidation...but still no lock in period.

Ten years deep, for the equity to revert back to debt which ideally would be settled in full.. But there's an option to cash out as early as day one. Intelligent banks should sell only upon a profit announcement. Wise banks will wait for the dividend
COOP, IMH, KEGN, KQ, MTNU
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  | | Edit by user: Tuesday, August 01, 2017 8:50 PM | Reason: Not specified
obiero
#8189 Posted : Tuesday, August 01, 2017 10:57:28 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,324
Location: nairobi
maka wrote:
obiero wrote:
maka wrote:
obiero wrote:
winston wrote:
After conversion of debt into equity for the banks (was it to be at 2.13/-?)...is there a lock in period for the banks or are they free to offload their stakes immediately in the stock market (at say 1/-)?

@winston the stake was considered too large in terms of liquidity and hence would be consolidated at a ratio of 4:1.. Implying 2.13 times 4.. The new price would therefore be KES 8.52


Really?

Ngoja uone kaka.. Tulia tuli


Thats very easy money to make...I think some of us are fools. God help us.

God helps those who help themselves.. The media in particular has not aided Wanjiku to understand the restructuring under KQ Project Safari. It's sad really
COOP, IMH, KEGN, KQ, MTNU
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  | | Edit by user: Tuesday, August 01, 2017 11:13 PM | Reason: Not specified
sparkly
#8190 Posted : Wednesday, August 02, 2017 6:35:01 AM
Rank: Elder

Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
obiero wrote:
maka wrote:
obiero wrote:
maka wrote:
obiero wrote:
winston wrote:
After conversion of debt into equity for the banks (was it to be at 2.13/-?)...is there a lock in period for the banks or are they free to offload their stakes immediately in the stock market (at say 1/-)?

@winston the stake was considered too large in terms of liquidity and hence would be consolidated at a ratio of 4:1.. Implying 2.13 times 4.. The new price would therefore be KES 8.52


Really?

Ngoja uone kaka.. Tulia tuli


Thats very easy money to make...I think some of us are fools. God help us.

God helps those who help themselves.. The media in particular has not aided Wanjiku to understand the restructuring under KQ Project Safari. It's sad really


This is not a transaction for Wanjikus to understand. Even the Banks are having problems understanding whats going down.
Life is short. Live passionately.
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