Wazua
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Kenya Airways...why ignore..
Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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- 12 B... possunt quia posse videntur
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Rank: Elder Joined: 6/23/2009 Posts: 14,213 Location: nairobi
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That's massive can't possibly be the loss before tax. Maximum -7B
KQ ABP 4.26
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Rank: Chief Joined: 1/3/2007 Posts: 18,346 Location: Nairobi
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obiero wrote:That's massive can't possibly be the loss before tax. Maximum -7B There's no loss too massive for KQ... Losing 7Bn AFTER the loan restructuring? Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Chief Joined: 1/3/2007 Posts: 18,346 Location: Nairobi
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obiero wrote:HaMaina wrote:Stiffler wrote:HaMaina wrote:Ericsson wrote:obiero wrote:Stiffler wrote:obiero wrote:The slow pace in announcing the Open Offer is disheartening.. What’s soo difficult in preparing the ratio and price.. I smell a fis/ rat  @stiffler.. Virtually no trading happening.. Time to release the Open Offer circular Mbuvi Ngunze said last year that the open offer maybe after quarter 1 2018 is when they can conduct the rights issue. Meaning after June 2018. Ama I'm wrong ? More than 6 months later..! Don't forget the word " maybe". @HaMaina a second suspension would be better rather than the current circumstances. A listed stock with over 5B issued shares trading less than 100k daily average over the last two months. The writing is on the wall! Existing investors are waiting for the Open Offer and will simply not sell Only 5% of the shares can be considered float. GoK and KQLC are probably not allowed to sell unless they inform the CMA. KQLC may have a lock-in period as well. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 6/23/2009 Posts: 14,213 Location: nairobi
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VituVingiSana wrote:obiero wrote:HaMaina wrote:Stiffler wrote:HaMaina wrote:Ericsson wrote:obiero wrote:Stiffler wrote:obiero wrote:The slow pace in announcing the Open Offer is disheartening.. What’s soo difficult in preparing the ratio and price.. I smell a fis/ rat @stiffler.. Virtually no trading happening.. Time to release the Open Offer circular Mbuvi Ngunze said last year that the open offer maybe after quarter 1 2018 is when they can conduct the rights issue. Meaning after June 2018. Ama I'm wrong ? More than 6 months later..! Don't forget the word " maybe". @HaMaina a second suspension would be better rather than the current circumstances. A listed stock with over 5B issued shares trading less than 100k daily average over the last two months. The writing is on the wall! Existing investors are waiting for the Open Offer and will simply not sell Only 5% of the shares can be considered float. GoK and KQLC are probably not allowed to sell unless they inform the CMA. KQLC may have a lock-in period as well. A terrible scenario
KQ ABP 4.26
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Rank: Elder Joined: 6/23/2009 Posts: 14,213 Location: nairobi
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VituVingiSana wrote:obiero wrote:That's massive can't possibly be the loss before tax. Maximum -7B There's no loss too massive for KQ... Losing 7Bn AFTER the loan restructuring? The restructuring became effective in the last quarter of the revised accounting period for KQ so all effects will carry over to Q1 JAN-MAR 2018 going forward
KQ ABP 4.26
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Rank: Veteran Joined: 4/23/2014 Posts: 931
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obiero wrote:VituVingiSana wrote:obiero wrote:That's massive can't possibly be the loss before tax. Maximum -7B There's no loss too massive for KQ... Losing 7Bn AFTER the loan restructuring? The restructuring became effective in the last quarter of the revised accounting period for KQ so all effects will carry over to Q1 JAN-MAR 2018 going forward I thought KQ Q1 was April-June “You can get in way more trouble with a good idea than a bad idea, because you forget that the good idea has limits.” - Ben Graham
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Rank: Elder Joined: 6/23/2009 Posts: 14,213 Location: nairobi
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HaMaina wrote:obiero wrote:VituVingiSana wrote:obiero wrote:That's massive can't possibly be the loss before tax. Maximum -7B There's no loss too massive for KQ... Losing 7Bn AFTER the loan restructuring? The restructuring became effective in the last quarter of the revised accounting period for KQ so all effects will carry over to Q1 JAN-MAR 2018 going forward I thought KQ Q1 was April-June It was changed at the last AGM
KQ ABP 4.26
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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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obiero wrote:That's massive can't possibly be the loss before tax. Maximum -7B Thats the gap in this years budget which was presented to the board sometime last week... possunt quia posse videntur
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Rank: Elder Joined: 6/23/2009 Posts: 14,213 Location: nairobi
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maka wrote:obiero wrote:That's massive can't possibly be the loss before tax. Maximum -7B Thats the gap in this years budget which was presented to the board sometime last week... Thank goodness. It just couldn't be the loss before tax. You had me worried bro
KQ ABP 4.26
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