Wazua
»
Investor
»
Stocks
»
Kenya Airways...why ignore..
Rank: Chief Joined: 1/3/2007 Posts: 18,347 Location: Nairobi
|
obiero wrote:VituVingiSana wrote:obiero wrote:The new entrant to NSE's top 10 most capitalized firms list is Kenya Airways , whose share restructuring deal has boosted its market valuation by Sh93.8 billion. This has on paper left the airline as the NSE’s fifth largest firm by capitalisation, although its retail shareholders have nominally taken a steep cut in the number of shares held. KQ’s big jump has come as a result of issuing new shares to the Treasury and a consortium of banks in a debt swap that was completed at the end of last month. This injection of 4.18 billion shares, combined with the share price of the airline jumping to Sh18.05, have moved its capitalisation to Sh102.5 billion, having stood at just Sh8.8 billion at the beginning of the year when the company had 1.46 billion shares in issue. http://www.businessdaily...34138-veh4sj/index.html
In other words, the only reason for a larger capitalization is the conversion of (bad) debt into equity NOT due to growth in profits. @vvs.. A well capitalized company is a solid firm. The restructuring was done with an end goal in mind.. It's a very positive development for KQ whichever way we view it. Profits shall come at some point soon. Be patient Good luck. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
|
|
|
Rank: Elder Joined: 6/23/2009 Posts: 14,219 Location: nairobi
|
VituVingiSana wrote:obiero wrote:VituVingiSana wrote:obiero wrote:The new entrant to NSE's top 10 most capitalized firms list is Kenya Airways , whose share restructuring deal has boosted its market valuation by Sh93.8 billion. This has on paper left the airline as the NSE’s fifth largest firm by capitalisation, although its retail shareholders have nominally taken a steep cut in the number of shares held. KQ’s big jump has come as a result of issuing new shares to the Treasury and a consortium of banks in a debt swap that was completed at the end of last month. This injection of 4.18 billion shares, combined with the share price of the airline jumping to Sh18.05, have moved its capitalisation to Sh102.5 billion, having stood at just Sh8.8 billion at the beginning of the year when the company had 1.46 billion shares in issue. http://www.businessdaily...34138-veh4sj/index.html
In other words, the only reason for a larger capitalization is the conversion of (bad) debt into equity NOT due to growth in profits. @vvs.. A well capitalized company is a solid firm. The restructuring was done with an end goal in mind.. It's a very positive development for KQ whichever way we view it. Profits shall come at some point soon. Be patient Good luck. Thanks. I need it! Have placed all my chips here
KQ ABP 4.26
|
|
|
Rank: Elder Joined: 6/23/2009 Posts: 14,219 Location: nairobi
|
|
|
|
Rank: Elder Joined: 6/23/2009 Posts: 14,219 Location: nairobi
|
Spikes wrote:obiero wrote:obiero wrote:obiero wrote:Ericsson wrote:Spikes wrote:obiero wrote:the deal wrote:obiero wrote:1 trading day to lift-off.. Mark these words, minimum KES 8.52, maximum intra day KES 14. Fair value KES 12.5  Obiero for the title of Supporter of the Year... KQ should give you free tickets Hehe.. I accept the award @obiero How do you value stocks? Fundamentals or speculative information? Obiero is buy low sell high and move on I have a mixture of both strategies but I prefer speculation based on inside knowledge via the exchange bar Fair value KES 12.5 when factoring-in the Open Offer.. Now is absolutely the wrong time to sell and not the most opportune time to buy for existing shareholders.. Though existing shareholders with hearts of steel may accumulate sub KES 22 I am tempted to buy at current price but I shall exercise restraint. Expect a continuous trip upwards to KES 18 upto release of the Open Offer circular followed by a rapid fall down immediately afterwards.. How low it will go shall be anyone's guess, but mine remains KES 12.5 @ obiero today you've given solid analysis. Keep the fire blazing. Though kes 18 is a pipedream. Sebastian dealing hard with the KQ staff https://www.standardmedi...triking-staff-home-again
KQ ABP 4.26
|
|
|
Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
|
obiero wrote:VituVingiSana wrote:obiero wrote:The new entrant to NSE's top 10 most capitalized firms list is Kenya Airways , whose share restructuring deal has boosted its market valuation by Sh93.8 billion. This has on paper left the airline as the NSE’s fifth largest firm by capitalisation, although its retail shareholders have nominally taken a steep cut in the number of shares held. KQ’s big jump has come as a result of issuing new shares to the Treasury and a consortium of banks in a debt swap that was completed at the end of last month. This injection of 4.18 billion shares, combined with the share price of the airline jumping to Sh18.05, have moved its capitalisation to Sh102.5 billion, having stood at just Sh8.8 billion at the beginning of the year when the company had 1.46 billion shares in issue. http://www.businessdaily...34138-veh4sj/index.html
In other words, the only reason for a larger capitalization is the conversion of (bad) debt into equity NOT due to growth in profits. @vvs.. A well capitalized company is a solid firm. The restructuring was done with an end goal in mind.. It's a very positive development for KQ whichever way we view it. Profits shall come at some point soon. Be patient Look at the other side of the balance, there are debts to the tune of 190B. Restructuring was just to enable KQ continue opearting as a going concern and stop aircraft lessors from seizing the airplanes. In other words KQ is just a strategic asset, a cog in the wheel in the stimulation of the Kenya economy towards an industrializing middle income status by 2030. GOK the main shareholder is not interested in growing shareholder wealth or making profits for the time being. Life is short. Live passionately.
|
|
|
Rank: Elder Joined: 6/23/2009 Posts: 14,219 Location: nairobi
|
sparkly wrote:obiero wrote:VituVingiSana wrote:obiero wrote:The new entrant to NSE's top 10 most capitalized firms list is Kenya Airways , whose share restructuring deal has boosted its market valuation by Sh93.8 billion. This has on paper left the airline as the NSE’s fifth largest firm by capitalisation, although its retail shareholders have nominally taken a steep cut in the number of shares held. KQ’s big jump has come as a result of issuing new shares to the Treasury and a consortium of banks in a debt swap that was completed at the end of last month. This injection of 4.18 billion shares, combined with the share price of the airline jumping to Sh18.05, have moved its capitalisation to Sh102.5 billion, having stood at just Sh8.8 billion at the beginning of the year when the company had 1.46 billion shares in issue. http://www.businessdaily...34138-veh4sj/index.html
In other words, the only reason for a larger capitalization is the conversion of (bad) debt into equity NOT due to growth in profits. @vvs.. A well capitalized company is a solid firm. The restructuring was done with an end goal in mind.. It's a very positive development for KQ whichever way we view it. Profits shall come at some point soon. Be patient Look at the other side of the balance, there are debts to the tune of 190B. Restructuring was just to enable KQ continue opearting as a going concern and stop aircraft lessors from seizing the airplanes. In other words KQ is just a strategic asset, a cog in the wheel in the stimulation of the Kenya economy towards an industrializing middle income status by 2030. GOK the main shareholder is not interested in growing shareholder wealth or making profits for the time being. I thought the CS Finance said otherwise about the return on equity investment. By being an operating concern with a reduced debt balance, then the firm stands on solid ground for return to profitability. Books close in the next 11 days at an obvious loss position but profits are on the way in Q1 2018
KQ ABP 4.26
|
|
|
Rank: Chief Joined: 1/3/2007 Posts: 18,347 Location: Nairobi
|
sparkly wrote:obiero wrote:VituVingiSana wrote:obiero wrote:The new entrant to NSE's top 10 most capitalized firms list is Kenya Airways , whose share restructuring deal has boosted its market valuation by Sh93.8 billion. This has on paper left the airline as the NSE’s fifth largest firm by capitalisation, although its retail shareholders have nominally taken a steep cut in the number of shares held. KQ’s big jump has come as a result of issuing new shares to the Treasury and a consortium of banks in a debt swap that was completed at the end of last month. This injection of 4.18 billion shares, combined with the share price of the airline jumping to Sh18.05, have moved its capitalisation to Sh102.5 billion, having stood at just Sh8.8 billion at the beginning of the year when the company had 1.46 billion shares in issue. http://www.businessdaily...34138-veh4sj/index.html
In other words, the only reason for a larger capitalization is the conversion of (bad) debt into equity NOT due to growth in profits. @vvs.. A well capitalized company is a solid firm. The restructuring was done with an end goal in mind.. It's a very positive development for KQ whichever way we view it. Profits shall come at some point soon. Be patient Look at the other side of the balance, there are debts to the tune of 190B. Restructuring was just to enable KQ continue opearting as a going concern and stop aircraft lessors from seizing the airplanes. In other words KQ is just a strategic asset, a cog in the wheel in the stimulation of the Kenya economy towards an industrializing middle income status by 2030. GOK the main shareholder is not interested in growing shareholder wealth or making profits for the time being. well put. Plus it also gives the "politically connected" an opportunity to eat despite what MJ and SM try to do. Once KQ is "stable" and KQLC exits you can expect MJ and SM to "retire" to allow the clones of titus and alex to return. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
|
|
|
Rank: Chief Joined: 1/3/2007 Posts: 18,347 Location: Nairobi
|
obiero wrote:sparkly wrote:obiero wrote:VituVingiSana wrote:obiero wrote:The new entrant to NSE's top 10 most capitalized firms list is Kenya Airways , whose share restructuring deal has boosted its market valuation by Sh93.8 billion. This has on paper left the airline as the NSE’s fifth largest firm by capitalisation, although its retail shareholders have nominally taken a steep cut in the number of shares held. KQ’s big jump has come as a result of issuing new shares to the Treasury and a consortium of banks in a debt swap that was completed at the end of last month. This injection of 4.18 billion shares, combined with the share price of the airline jumping to Sh18.05, have moved its capitalisation to Sh102.5 billion, having stood at just Sh8.8 billion at the beginning of the year when the company had 1.46 billion shares in issue. http://www.businessdaily...34138-veh4sj/index.html
In other words, the only reason for a larger capitalization is the conversion of (bad) debt into equity NOT due to growth in profits. @vvs.. A well capitalized company is a solid firm. The restructuring was done with an end goal in mind.. It's a very positive development for KQ whichever way we view it. Profits shall come at some point soon. Be patient Look at the other side of the balance, there are debts to the tune of 190B. Restructuring was just to enable KQ continue opearting as a going concern and stop aircraft lessors from seizing the airplanes. In other words KQ is just a strategic asset, a cog in the wheel in the stimulation of the Kenya economy towards an industrializing middle income status by 2030. GOK the main shareholder is not interested in growing shareholder wealth or making profits for the time being. I thought the CS Finance said otherwise about the return on equity investment. By being an operating concern with a reduced debt balance, then the firm stands on solid ground for return to profitability. Books close in the next 11 days at an obvious loss position but profits are on the way in Q1 2018 Are you talking of the guy who is in charge of borrowing money at 12.5% tax-free and then giving it to KQ at a far lower rate? If that's the same chap, then you are right... he is a finance whiz. He should be promoted to running the IMF, World Bank, US Treasury and China Treasury simultaneously! *My concern is that using taxpayer funds or taxing others to subsidize a particular sector or firm hurts the overall growth of the economy. This isn't about temporary help for KQ to get through a rough patch but a permanent drain on resources to fund the lifestyles of the corrupt and incompetent. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
|
|
|
Rank: Elder Joined: 6/23/2009 Posts: 14,219 Location: nairobi
|
VituVingiSana wrote:obiero wrote:sparkly wrote:obiero wrote:VituVingiSana wrote:obiero wrote:The new entrant to NSE's top 10 most capitalized firms list is Kenya Airways , whose share restructuring deal has boosted its market valuation by Sh93.8 billion. This has on paper left the airline as the NSE’s fifth largest firm by capitalisation, although its retail shareholders have nominally taken a steep cut in the number of shares held. KQ’s big jump has come as a result of issuing new shares to the Treasury and a consortium of banks in a debt swap that was completed at the end of last month. This injection of 4.18 billion shares, combined with the share price of the airline jumping to Sh18.05, have moved its capitalisation to Sh102.5 billion, having stood at just Sh8.8 billion at the beginning of the year when the company had 1.46 billion shares in issue. http://www.businessdaily...34138-veh4sj/index.html
In other words, the only reason for a larger capitalization is the conversion of (bad) debt into equity NOT due to growth in profits. @vvs.. A well capitalized company is a solid firm. The restructuring was done with an end goal in mind.. It's a very positive development for KQ whichever way we view it. Profits shall come at some point soon. Be patient Look at the other side of the balance, there are debts to the tune of 190B. Restructuring was just to enable KQ continue opearting as a going concern and stop aircraft lessors from seizing the airplanes. In other words KQ is just a strategic asset, a cog in the wheel in the stimulation of the Kenya economy towards an industrializing middle income status by 2030. GOK the main shareholder is not interested in growing shareholder wealth or making profits for the time being. I thought the CS Finance said otherwise about the return on equity investment. By being an operating concern with a reduced debt balance, then the firm stands on solid ground for return to profitability. Books close in the next 11 days at an obvious loss position but profits are on the way in Q1 2018 Are you talking of the guy who is in charge of borrowing money at 12.5% tax-free and then giving it to KQ at a far lower rate? If that's the same chap, then you are right... he is a finance whiz. He should be promoted to running the IMF, World Bank, US Treasury and China Treasury simultaneously! *My concern is that using taxpayer funds or taxing others to subsidize a particular sector or firm hurts the overall growth of the economy. This isn't about temporary help for KQ to get through a rough patch but a permanent drain on resources to fund the lifestyles of the corrupt and incompetent. Now who at KQ is corrupt or incompetent, Michael Joseph? Sebastian Mikosz? Martin Oduor? KALPA? Naikuni left and so did his accomplices.. Let's give rise to a new beginning
KQ ABP 4.26
|
|
|
Rank: Elder Joined: 6/23/2009 Posts: 14,219 Location: nairobi
|
|
|
|
Wazua
»
Investor
»
Stocks
»
Kenya Airways...why ignore..
Forum Jump
You cannot post new topics in this forum.
You cannot reply to topics in this forum.
You cannot delete your posts in this forum.
You cannot edit your posts in this forum.
You cannot create polls in this forum.
You cannot vote in polls in this forum.
|