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Kenya Airways...why ignore..
Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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obiero wrote:Ericsson wrote:VituVingiSana wrote:obiero wrote:VituVingiSana wrote:obiero wrote:Impunity wrote:maka wrote:obiero wrote:maka wrote:obiero wrote:VituVingiSana wrote:obiero wrote:Had a nasty nightmare that the 75% voting threshold was not achieved, leading to bankruptcy proceedings.. God forbid it All concerned shareholders of the "msaliti" banks should write to the CEOs of the banks playing ball to reject the offer! KQ taking massive hits this week.. Sad turn of events, but luckily the inside scoop has been availed from the exchange bar. KES 8 per share is a near certainty. Expect a reprieve rally on the post-election dates, especially if peace prevails Yep terrible week...Pilots at it again major disruptions in the offing.... These KALPA guys need to be serious. Are they ready to bury KQ? Apparently the 737 incident could be sabotage Apparently Gichinga already doesnt like Mikosz claims he is arrogant and hard headed...Seems they are ready to bury the airline....11 arrivals cancelled + 7 departures...Crazy Final 6 foot nail being hammered in the casket! Orevua-KQ.  I'm at the exchange bar as I post this.. James Mwangi has got the dreaded call from the big man. Count the capital restructuring approved.. James Mwangi has a significant stake in Equity and should do what's best for Equity Bank! Why throw good money after bad? Equity and all the other banks should recover what little they can from KQ and call it a day. I feel what you are saying.. But GoK has made it clear that choices have consequences. JM obviously cannot afford to loose the massive GoK hand in its books. He has had to give in Please explain. I thought most national GoK biz goes to prop up National Bank and most of the rest to KCB. Not necessarily.KQ before share restructuring wasn't GoK controlled.The bizz was on a willing buyer willing seller.Equity saw an opportunity and decided to give a big dive So it comes to pass that Equity, DTB and Ecobank were in a futile fight.. Goes to show the kind of leadership that runs these banks. From the shareholders view they must have had a valid point but from the legal point of view, this was a case that should not have been filed The fact is that those banks are very profitable, very beatiful unlike KQ. You can't blame if they don't want to go to bed with an ugly duckling. Life is short. Live passionately.
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Rank: Elder Joined: 12/4/2009 Posts: 10,804 Location: NAIROBI
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At 22%, Nairobi is the only African city whose domestic air travel capacity is outgrowing its international capacity Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 5/25/2012 Posts: 4,105 Location: 08c
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obiero wrote:Ericsson wrote:VituVingiSana wrote:obiero wrote:VituVingiSana wrote:obiero wrote:Impunity wrote:maka wrote:obiero wrote:maka wrote:obiero wrote:VituVingiSana wrote:obiero wrote:Had a nasty nightmare that the 75% voting threshold was not achieved, leading to bankruptcy proceedings.. God forbid it All concerned shareholders of the "msaliti" banks should write to the CEOs of the banks playing ball to reject the offer! KQ taking massive hits this week.. Sad turn of events, but luckily the inside scoop has been availed from the exchange bar. KES 8 per share is a near certainty. Expect a reprieve rally on the post-election dates, especially if peace prevails Yep terrible week...Pilots at it again major disruptions in the offing.... These KALPA guys need to be serious. Are they ready to bury KQ? Apparently the 737 incident could be sabotage Apparently Gichinga already doesnt like Mikosz claims he is arrogant and hard headed...Seems they are ready to bury the airline....11 arrivals cancelled + 7 departures...Crazy Final 6 foot nail being hammered in the casket! Orevua-KQ. I'm at the exchange bar as I post this.. James Mwangi has got the dreaded call from the big man. Count the capital restructuring approved.. James Mwangi has a significant stake in Equity and should do what's best for Equity Bank! Why throw good money after bad? Equity and all the other banks should recover what little they can from KQ and call it a day. I feel what you are saying.. But GoK has made it clear that choices have consequences. JM obviously cannot afford to loose the massive GoK hand in its books. He has had to give in Please explain. I thought most national GoK biz goes to prop up National Bank and most of the rest to KCB. Not necessarily.KQ before share restructuring wasn't GoK controlled.The bizz was on a willing buyer willing seller.Equity saw an opportunity and decided to give a big dive So it comes to pass that Equity, DTB Jamii Bora and Ecobank were in a futile fight.. Goes to show the kind of leadership that runs these banks. From the shareholders view they must have had a valid point but from the legal point of view, this was a case that should not have been filed Pesa Nane plans to be shilingi when he grows up.
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Rank: Elder Joined: 6/23/2009 Posts: 14,217 Location: nairobi
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Thanks @pesanane for the correction. The journey to high heaven has begun. Up 7% intraday
KQ ABP 4.26
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Rank: Elder Joined: 6/23/2009 Posts: 14,217 Location: nairobi
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A late correction from the exchange bar.. The ratio for Open Offer shall be 5 new shares for every 1 existing share. Price remains KES 1.8 for the Open Offer with market price expected at KES 8.52 minimum. The rally of a lifetime awaits the brave
KQ ABP 4.26
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Rank: Elder Joined: 12/4/2009 Posts: 10,804 Location: NAIROBI
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Ethiopian Airlines, which is Africa's most profitable carrier, is negotiating with the Nigerian government to take over management of the recently bankrupted Arik Air, a senior Addis Ababa official has confirmed today. “Following the bid opened by the Nigerian government, we are negotiating to secure management contract of Arik Air,” Esayas Weldemariam, director of International Service at Ethiopian Airlines Group said this morning. If successful, the deal would see Ethiopia's national carrier expand its presence in western Africa. http://www.businessdaily...77156-c5d40bz/index.htmlWealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Member Joined: 5/29/2016 Posts: 898 Location: Nairobi
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[quote=Ericsson]Ethiopian Airlines, which is Africa's most profitable carrier, is negotiating with the Nigerian government to take over management of the recently bankrupted Arik Air, a senior Addis Ababa official has confirmed today. “Following the bid opened by the Nigerian government, we are negotiating to secure management contract of Arik Air,” Esayas Weldemariam, director of International Service at Ethiopian Airlines Group said this morning. If successful, the deal would see Ethiopia's national carrier expand its presence in western Africa. http://www.businessdaily...7156-c5d40bz/index.html[/quote] Complex and nothing to bank on. The success of ET in Addis does not mean it can be replicated in Nigeria. With the economic woes facing Nigeria it is difficult to turn around an Airline. I wish them success. They acquired a stake in Air Malawi, how is it doing now? Emirates just opted out of the management of the Angola's Airline. Etihad stakes in Alitalia and Air Berlin. What lessons can you draw from the later?
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Rank: Elder Joined: 5/25/2012 Posts: 4,105 Location: 08c
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Quote:NOTICE IS HEREBY GIVEN that the 41st Annual General Meeting of the Company will be held at Pride Centre, off Airport North Road Nairobi on Friday, 22nd September 2017 at 11.00 am to conduct the following business:
ORDINARY BUSINESS
1. To table the proxies and note the presence of a quorum.
2. To read the notice convening the meeting.
3. To receive, consider and if approved, adopt the Company’s audited Financial Statements for the year ended 31 March, 2017
together with the Directors’ and Auditors’ Reports thereon.
4. To elect Directors:
a) Prof Paul M. Maringa retires by rotation in accordance with the Company’s Articles of Association, and being eligible,
offers himself for re-appointment.
b) Caroline Armstrong retires by rotation in accordance with the Company’s Articles of Association, and being eligible,
offers herself for re-appointment.
c) Wanjiku Mugane retires by rotation in accordance with the Company’s Articles of Association, and does not offer herself for re-appointment.
d) Ronald Schipper retires by rotation in accordance with the Company’s Articles of Association, and does not offer himself for re-appointment.
5. To appoint Mr. Festus King’ori, Mr. Jozef Veenstra and Mr. Jason Kapkirwok as members of the Audit Committee and to authorise the Board to appoint the other members of the audit committee.
6. To approve the Director’s remuneration.
7. To resolve that Deloitte & Touche be appointed auditors of the Company to hold office until the conclusion of the next
Annual General Meeting and that their remuneration be fixed by the Directors.
8. To transact any other business of the Annual General Meeting in respect of which notice will have been given.
SPECIAL BUSINESS
9. To approve the establishment of the Kenya Airways 2017 Group Employee Share Ownership Scheme and the terms of the
trust deed and the rules thereof. Pesa Nane plans to be shilingi when he grows up.
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Rank: Elder Joined: 6/23/2009 Posts: 14,217 Location: nairobi
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Pesa Nane wrote:Quote:NOTICE IS HEREBY GIVEN that the 41st Annual General Meeting of the Company will be held at Pride Centre, off Airport North Road Nairobi on Friday, 22nd September 2017 at 11.00 am to conduct the following business:
ORDINARY BUSINESS
1. To table the proxies and note the presence of a quorum.
2. To read the notice convening the meeting.
3. To receive, consider and if approved, adopt the Company’s audited Financial Statements for the year ended 31 March, 2017
together with the Directors’ and Auditors’ Reports thereon.
4. To elect Directors:
a) Prof Paul M. Maringa retires by rotation in accordance with the Company’s Articles of Association, and being eligible,
offers himself for re-appointment.
b) Caroline Armstrong retires by rotation in accordance with the Company’s Articles of Association, and being eligible,
offers herself for re-appointment.
c) Wanjiku Mugane retires by rotation in accordance with the Company’s Articles of Association, and does not offer herself for re-appointment.
d) Ronald Schipper retires by rotation in accordance with the Company’s Articles of Association, and does not offer himself for re-appointment.
5. To appoint Mr. Festus King’ori, Mr. Jozef Veenstra and Mr. Jason Kapkirwok as members of the Audit Committee and to authorise the Board to appoint the other members of the audit committee.
6. To approve the Director’s remuneration.
7. To resolve that Deloitte & Touche be appointed auditors of the Company to hold office until the conclusion of the next
Annual General Meeting and that their remuneration be fixed by the Directors.
8. To transact any other business of the Annual General Meeting in respect of which notice will have been given.
SPECIAL BUSINESS
9. To approve the establishment of the Kenya Airways 2017 Group Employee Share Ownership Scheme and the terms of the
trust deed and the rules thereof. This company is starting to look confused.. Why wouldn't they declare the Open Offer terms instead of calling us to discuss directors remuneration.. It's a pity
KQ ABP 4.26
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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@alais Obiero. Saw your tip on this. My indecision is still how to price & value KQ stock. Reason? Why would a bank(s) oppose? My little banking knowledge says being asked to cover paper losses with hard cash. That's clear. Consult more @ the Exchange bar and revert.
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Wazua
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Kenya Airways...why ignore..
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