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Kenya Airways...why ignore..
Rank: Veteran Joined: 8/28/2015 Posts: 1,247
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obiero wrote:Watch and learn..  A list of guys in a deep hole. Just because they have agreed to stop digging, does not mean they have a way out of the mess. Just because a driver as realised that a vehicle's brakes have failed does not imply a method to stop it down hill is devised, he may opt to abandon it and jump out as well. ,Behold, a sower went forth to sow;....
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Rank: Elder Joined: 6/23/2009 Posts: 14,213 Location: nairobi
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muandiwambeu wrote:obiero wrote:Watch and learn.. A list of guys in a deep hole. Just because they have agreed to stop digging, does not mean they have a way out of the mess. Just because a driver as realised that a vehicle's brakes have failed does not imply a method to stop it down hill is devised, he may opt to abandon it and jump out as well. That's a very negative attitude. With a peaceful election, expect a phoenix moment
KQ ABP 4.26
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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obiero wrote:muandiwambeu wrote:obiero wrote:Watch and learn.. A list of guys in a deep hole. Just because they have agreed to stop digging, does not mean they have a way out of the mess. Just because a driver as realised that a vehicle's brakes have failed does not imply a method to stop it down hill is devised, he may opt to abandon it and jump out as well. That's a very negative attitude. With a peaceful election, expect a phoenix moment One time you own 9.56% of a company then overnight you have 0.5%! If that is not shafting, i dont know what is. Life is short. Live passionately.
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Rank: Elder Joined: 6/23/2009 Posts: 14,213 Location: nairobi
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sparkly wrote:obiero wrote:muandiwambeu wrote:obiero wrote:Watch and learn.. A list of guys in a deep hole. Just because they have agreed to stop digging, does not mean they have a way out of the mess. Just because a driver as realised that a vehicle's brakes have failed does not imply a method to stop it down hill is devised, he may opt to abandon it and jump out as well. That's a very negative attitude. With a peaceful election, expect a phoenix moment One time you own 9.56% of a company then overnight you have 0.5%! If that is not shafting, i dont know what is. I believe that the restructure as explained in this document is the best way out for KQ..
KQ ABP 4.26
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Rank: Elder Joined: 6/23/2009 Posts: 14,213 Location: nairobi
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muandiwambeu wrote:obiero wrote:Spikes wrote:obiero wrote:Ericsson wrote:obiero wrote:actuarywahisa wrote:obiero wrote:Ericsson wrote:
Kq is still in negative equity. Government loans amounting to $243mn is what will be converted to equity.
$525mn owed to US Exim Bank and $225mn owed to local lenders will have to be repaid with GOK acting as guarantor.
Local lenders/banks will not own any stake in KQ.
You could be right and that would imply less dilution.. Meanwhile, airlines and negative equity go hand in hand.. It's a normal thingy which we have already discussed here. The cash flow is what will be increased via the tenor concessions.. And that is a very good thing... As for bank debt to equity position, soma hii link along with the cautionary statement http://mobile.reuters.com/article/idUSKBN1962OA
The $225m for local banks will be converted to equity and then the deal appears for them to exit through open market. In the event that they are unable to exit and recover their money within the set timelines because of share price not recovering sufficiently then the government has to step in and compensate. And in the unlikely event that KQ folds then the Government wires capital + interest. @actuary seems @Ericsson did not go to school.. Could we team up and send the guy for gumbaru Kweli sikwenda shule. Tafakari haya basi "KQ, as it is known by its international code, secured House approval that will see the Treasury guarantee long-term loans that the airline owes the US Exim Bank ($525 million) and local lenders ($225 million). These guarantees are being made in exchange for “material concessions” that include an extension of debt tenors, which will improve the airline’s repayment obligations." http://www.businessdaily...76768-cxrmd3/index.html
@ericsson learn to listen to people who know what is happening.. KQ Lenders Co. LTD registered on 09.06.2017 shall now be a KQ shareholder. Total shares issued now rises to 29.9B.. Conversion price KES 2.13.. The same occurring via a share split and eventual consolidation with a factor of 1:4, resulting in 7.4B final listed shares. I await the Open Offer of 1.5B whose price the exchange bar notes has been agreed in principle to fall below KES 1.6.. There is no rights option so indeed I will buy to mitigate dilution of 95.5%, noting that the KQ Lenders Co Ltd, GoK & KLM will not participate in the issue. GoK now holds 45% of KQ.. KLM founding agreement of 1995 abolished. KQ now in positive equity of KES 11.5B. Sit tight Which means my prophecy of 2/ bob is already smashed! Please read the circular to understand the basis of arrival at KES 2.13. Its not as simple as you imagine, but definitely tomorrow the share may tank due to similar misunderstanding by Wanjiku. Meanwhile, the EGM will obviously approve the Open Offer on 07.08.2017. Plain calculations show that the fair value post-consolidation in a ratio of 1:4, to be KES 8.5 per KQ share, down from previous fair value of KES 10; still, PJT Partners, MJ, MN & SM have done a splendid job in the capital restructure.. Hats off https://photos.app.goo.gl/wrEb6X1GzBw4V1b93 sincerely it would not be any easy here, held by the steel balls. Somebody must be wondering how it got all the way to this difficult situation.   Tukutane kwa debe EGM
KQ ABP 4.26
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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obiero wrote:sparkly wrote:obiero wrote:muandiwambeu wrote:obiero wrote:Watch and learn.. A list of guys in a deep hole. Just because they have agreed to stop digging, does not mean they have a way out of the mess. Just because a driver as realised that a vehicle's brakes have failed does not imply a method to stop it down hill is devised, he may opt to abandon it and jump out as well. That's a very negative attitude. With a peaceful election, expect a phoenix moment One time you own 9.56% of a company then overnight you have 0.5%! If that is not shafting, i dont know what is. I believe that the restructure as explained in this document is the best way out for KQ.. You own a 10 bedroom palace. Your neighbor takes over the palace but lets you keep the bathroom. The palace is indifferent but Mrs Obiero will not be amused, donge? Life is short. Live passionately.
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Rank: Elder Joined: 6/23/2009 Posts: 14,213 Location: nairobi
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sparkly wrote:obiero wrote:sparkly wrote:obiero wrote:muandiwambeu wrote:obiero wrote:Watch and learn.. A list of guys in a deep hole. Just because they have agreed to stop digging, does not mean they have a way out of the mess. Just because a driver as realised that a vehicle's brakes have failed does not imply a method to stop it down hill is devised, he may opt to abandon it and jump out as well. That's a very negative attitude. With a peaceful election, expect a phoenix moment One time you own 9.56% of a company then overnight you have 0.5%! If that is not shafting, i dont know what is. I believe that the restructure as explained in this document is the best way out for KQ.. You own a 10 bedroom palace. Your neighbor takes over the palace but lets you keep the bathroom. The palace is indifferent but Mrs Obiero will not be amused, donge? Hehe. Omera. That's a nasty example. A better fit would be.. I used to own 24 bottles of wine worth KES 700 each but now I am told that due to other traders price adjustment I should consider that despite several broken bottles during transportation, my 2 remaining wine bottles are now worth KES 450 but that the dealer due to our long business relationship has offered a purchase of each new bottle at a subsidized price of KES 150 each. Further and more shockingly the dealer announces that all the old and next incoming shipment would retail at KES 852 as from 08.08.17. I think it's fair
KQ ABP 4.26
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Rank: Veteran Joined: 8/28/2015 Posts: 1,247
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obiero wrote:sparkly wrote:obiero wrote:sparkly wrote:obiero wrote:muandiwambeu wrote:obiero wrote:Watch and learn.. A list of guys in a deep hole. Just because they have agreed to stop digging, does not mean they have a way out of the mess. Just because a driver as realised that a vehicle's brakes have failed does not imply a method to stop it down hill is devised, he may opt to abandon it and jump out as well. That's a very negative attitude. With a peaceful election, expect a phoenix moment One time you own 9.56% of a company then overnight you have 0.5%! If that is not shafting, i dont know what is. I believe that the restructure as explained in this document is the best way out for KQ.. You own a 10 bedroom palace. Your neighbor takes over the palace but lets you keep the bathroom. The palace is indifferent but Mrs Obiero will not be amused, donge? Hehe. Omera. That's a nasty example. A better fit would be.. I used to own 24 bottles of wine worth KES 700 each but now I am told that due to other traders price adjustment I should consider that despite several broken bottles during transportation, my 2 remaining wine bottles are now worth KES 450 but that the dealer due to our long business relationship has offered a purchase of each new bottle at a subsidized price of KES 150 each. Further and more shockingly the dealer announces that all the old and next incoming shipment would retail at KES 852 as from 08.08.17. I think it's fair You do not hold the market by the balls @Obiero. You may set the price like its already set at kshs 5/= but trade at kshs 4/= bob market price. The market does not work with your EGM mad men's resolutions. The market is independent and very rational to give u adjustments for your crazy decisions. Look already for the Mr markets mood and see if you are catching a flu too ,Behold, a sower went forth to sow;....
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Rank: Elder Joined: 6/23/2009 Posts: 14,213 Location: nairobi
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muandiwambeu wrote:obiero wrote:sparkly wrote:obiero wrote:sparkly wrote:obiero wrote:muandiwambeu wrote:obiero wrote:Watch and learn.. A list of guys in a deep hole. Just because they have agreed to stop digging, does not mean they have a way out of the mess. Just because a driver as realised that a vehicle's brakes have failed does not imply a method to stop it down hill is devised, he may opt to abandon it and jump out as well. That's a very negative attitude. With a peaceful election, expect a phoenix moment One time you own 9.56% of a company then overnight you have 0.5%! If that is not shafting, i dont know what is. I believe that the restructure as explained in this document is the best way out for KQ.. You own a 10 bedroom palace. Your neighbor takes over the palace but lets you keep the bathroom. The palace is indifferent but Mrs Obiero will not be amused, donge? Hehe. Omera. That's a nasty example. A better fit would be.. I used to own 24 bottles of wine worth KES 700 each but now I am told that due to other traders price adjustment I should consider that despite several broken bottles during transportation, my 2 remaining wine bottles are now worth KES 450 but that the dealer due to our long business relationship has offered a purchase of each new bottle at a subsidized price of KES 150 each. Further and more shockingly the dealer announces that all the old and next incoming shipment would retail at KES 852 as from 08.08.17. I think it's fair You do not hold the market by the balls @Obiero. You may set the price like its already set at kshs 5/= but trade at kshs 4/= bob market price. The market does not work with your EGM mad men's resolutions. The market is independent and very rational to give u adjustments for your crazy decisions. Look already for the Mr markets mood and see if you are catching a flu too Hehe. Sasa mad men ni Michael Joseph au nani
KQ ABP 4.26
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Rank: Member Joined: 4/14/2010 Posts: 806 Location: Nairobi
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