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Kenya Airways...why ignore..
Rank: Member Joined: 4/14/2010 Posts: 806 Location: Nairobi
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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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Rank: Elder Joined: 9/20/2015 Posts: 2,811 Location: Mombasa
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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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Rank: Elder Joined: 6/23/2009 Posts: 13,475 Location: nairobi
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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
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 15,750 ABP 6.45
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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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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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Rank: Elder Joined: 6/23/2009 Posts: 13,475 Location: nairobi
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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
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 15,750 ABP 6.45
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Rank: Member Joined: 4/14/2010 Posts: 806 Location: Nairobi
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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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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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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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Rank: Elder Joined: 6/23/2009 Posts: 13,475 Location: nairobi
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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
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 15,750 ABP 6.45
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Rank: Elder Joined: 6/23/2009 Posts: 13,475 Location: nairobi
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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
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 15,750 ABP 6.45
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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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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Rank: Elder Joined: 6/23/2009 Posts: 13,475 Location: nairobi
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sparkly wrote: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. It's actually KCB that floated the consolidation theme.. Some of the banks are fully aware of the gains at hand. Plus the doubters have since been convicted by force mechanism. The EGM will be a formality to a great level of certainty Then if the other shareholders stock shall be traded at KES 8.52 what will stop the minority stake from assuming that same price. However if by strange fate the restructuring does not gain voting threshold of 75%, then I would quickly consider my KES 1,205,100 as being lost. God forbid
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 15,750 ABP 6.45
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Rank: Chief Joined: 1/3/2007 Posts: 18,057 Location: Nairobi
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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 Wanjiku got shafted in 2012. And will be shafted again in 2017. GoK is throwing flushing good (taxpayer) money away. Meanwhile, the likes of Alex Mbugua, Titus Naikuni and fellow crooks are free to enjoy their ill-gotten wealth. 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: 18,057 Location: Nairobi
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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 In other words, a Reverse Split which adds no real value. All it does is reduce the number of shares... Example: 10mn shares at 2/- = KES 20mn. a 4:1 "conversion" = 2.5mn shares at 8/- = KES 20mn. In the meantime, I received a nice dividend from KenRe [which has paid an annual dividend since 2012 unlike KQ] and during 1Q 2017 a dividend from KK and an interim dividend expected in 3Q 2017. Even @Obiero's "bank he hates" aka I&M paid a dividend. Equity did too. Ahhh! So did DTB juzi juzi! I don't expect a dividend from Unga [2016-17 was rough] but I look forward to 2017-18 if the country remains calm post-elections. I doubt KQ will pay a dividend for the next 2 years even after the restructuring as financiers, etc will want a "stronger" KQ that has cash on hand. 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: 13,475 Location: nairobi
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VituVingiSana 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 In other words, a Reverse Split which adds no real value. All it does is reduce the number of shares... Example: 10mn shares at 2/- = KES 20mn. a 4:1 "conversion" = 2.5mn shares at 8/- = KES 20mn. In the meantime, I received a nice dividend from KenRe [which has paid an annual dividend since 2012 unlike KQ] and during 1Q 2017 a dividend from KK and an interim dividend expected in 3Q 2017. Even @Obiero's "bank he hates" aka I&M paid a dividend. Equity did too. Ahhh! So did DTB juzi juzi! I don't expect a dividend from Unga [2016-17 was rough] but I look forward to 2017-18 if the country remains calm post-elections. I doubt KQ will pay a dividend for the next 2 years even after the restructuring as financiers, etc will want a "stronger" KQ that has cash on hand. Capital gains will outstrip measly dividend.. I actually rarely go for dividend stocks. Our investment strategies are world's apart
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 15,750 ABP 6.45
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Rank: Chief Joined: 1/3/2007 Posts: 18,057 Location: Nairobi
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obiero wrote:VituVingiSana 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 In other words, a Reverse Split which adds no real value. All it does is reduce the number of shares... Example: 10mn shares at 2/- = KES 20mn. a 4:1 "conversion" = 2.5mn shares at 8/- = KES 20mn. In the meantime, I received a nice dividend from KenRe [which has paid an annual dividend since 2012 unlike KQ] and during 1Q 2017 a dividend from KK and an interim dividend expected in 3Q 2017. Even @Obiero's "bank he hates" aka I&M paid a dividend. Equity did too. Ahhh! So did DTB juzi juzi! I don't expect a dividend from Unga [2016-17 was rough] but I look forward to 2017-18 if the country remains calm post-elections. I doubt KQ will pay a dividend for the next 2 years even after the restructuring as financiers, etc will want a "stronger" KQ that has cash on hand. Capital gains will outstrip measly dividend.. I actually rarely go for dividend stocks. Our investment strategies are world's apart  KQ went from 7 to 4 while KK is minting cash!!! Please fill up at KK but KQ to pay cash! Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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obiero wrote:VituVingiSana 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 In other words, a Reverse Split which adds no real value. All it does is reduce the number of shares... Example: 10mn shares at 2/- = KES 20mn. a 4:1 "conversion" = 2.5mn shares at 8/- = KES 20mn. In the meantime, I received a nice dividend from KenRe [which has paid an annual dividend since 2012 unlike KQ] and during 1Q 2017 a dividend from KK and an interim dividend expected in 3Q 2017. Even @Obiero's "bank he hates" aka I&M paid a dividend. Equity did too. Ahhh! So did DTB juzi juzi! I don't expect a dividend from Unga [2016-17 was rough] but I look forward to 2017-18 if the country remains calm post-elections. I doubt KQ will pay a dividend for the next 2 years even after the restructuring as financiers, etc will want a "stronger" KQ that has cash on hand. Capital gains will outstrip measly dividend.. I actually rarely go for dividend stocks. Our investment strategies are world's apart Incesting on hope. Life is short. Live passionately.
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Rank: Elder Joined: 6/23/2009 Posts: 13,475 Location: nairobi
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sparkly wrote:obiero wrote:VituVingiSana 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 In other words, a Reverse Split which adds no real value. All it does is reduce the number of shares... Example: 10mn shares at 2/- = KES 20mn. a 4:1 "conversion" = 2.5mn shares at 8/- = KES 20mn. In the meantime, I received a nice dividend from KenRe [which has paid an annual dividend since 2012 unlike KQ] and during 1Q 2017 a dividend from KK and an interim dividend expected in 3Q 2017. Even @Obiero's "bank he hates" aka I&M paid a dividend. Equity did too. Ahhh! So did DTB juzi juzi! I don't expect a dividend from Unga [2016-17 was rough] but I look forward to 2017-18 if the country remains calm post-elections. I doubt KQ will pay a dividend for the next 2 years even after the restructuring as financiers, etc will want a "stronger" KQ that has cash on hand. Capital gains will outstrip measly dividend.. I actually rarely go for dividend stocks. Our investment strategies are world's apart Incesting on hope. Hehe. It would be ideal to learn English before posting on such weighty matters
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 15,750 ABP 6.45
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Rank: Elder Joined: 6/23/2009 Posts: 13,475 Location: nairobi
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VituVingiSana wrote:obiero wrote:VituVingiSana 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 In other words, a Reverse Split which adds no real value. All it does is reduce the number of shares... Example: 10mn shares at 2/- = KES 20mn. a 4:1 "conversion" = 2.5mn shares at 8/- = KES 20mn. In the meantime, I received a nice dividend from KenRe [which has paid an annual dividend since 2012 unlike KQ] and during 1Q 2017 a dividend from KK and an interim dividend expected in 3Q 2017. Even @Obiero's "bank he hates" aka I&M paid a dividend. Equity did too. Ahhh! So did DTB juzi juzi! I don't expect a dividend from Unga [2016-17 was rough] but I look forward to 2017-18 if the country remains calm post-elections. I doubt KQ will pay a dividend for the next 2 years even after the restructuring as financiers, etc will want a "stronger" KQ that has cash on hand. Capital gains will outstrip measly dividend.. I actually rarely go for dividend stocks. Our investment strategies are world's apart KQ went from 7 to 4 while KK is minting cash!!! Please fill up at KK but KQ to pay cash! @vvs from your post it's clear that you and I know that it's a guarantee KQ will trade at KES 8.52 or more in the next few days.. The question is why ignore?
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 15,750 ABP 6.45
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Rank: Elder Joined: 7/21/2010 Posts: 6,175 Location: nairobi
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obiero wrote:sparkly wrote:obiero wrote:VituVingiSana 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 In other words, a Reverse Split which adds no real value. All it does is reduce the number of shares... Example: 10mn shares at 2/- = KES 20mn. a 4:1 "conversion" = 2.5mn shares at 8/- = KES 20mn. In the meantime, I received a nice dividend from KenRe [which has paid an annual dividend since 2012 unlike KQ] and during 1Q 2017 a dividend from KK and an interim dividend expected in 3Q 2017. Even @Obiero's "bank he hates" aka I&M paid a dividend. Equity did too. Ahhh! So did DTB juzi juzi! I don't expect a dividend from Unga [2016-17 was rough] but I look forward to 2017-18 if the country remains calm post-elections. I doubt KQ will pay a dividend for the next 2 years even after the restructuring as financiers, etc will want a "stronger" KQ that has cash on hand. Capital gains will outstrip measly dividend.. I actually rarely go for dividend stocks. Our investment strategies are world's apart Incesting on hope. Hehe. It would be ideal to learn English before posting on such weighty matters Unameza mate na sisi tunakula nyama...kq is asking for money Kk is paying money "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Elder Joined: 6/23/2009 Posts: 13,475 Location: nairobi
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mlennyma wrote:obiero wrote:sparkly wrote:obiero wrote:VituVingiSana 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 In other words, a Reverse Split which adds no real value. All it does is reduce the number of shares... Example: 10mn shares at 2/- = KES 20mn. a 4:1 "conversion" = 2.5mn shares at 8/- = KES 20mn. In the meantime, I received a nice dividend from KenRe [which has paid an annual dividend since 2012 unlike KQ] and during 1Q 2017 a dividend from KK and an interim dividend expected in 3Q 2017. Even @Obiero's "bank he hates" aka I&M paid a dividend. Equity did too. Ahhh! So did DTB juzi juzi! I don't expect a dividend from Unga [2016-17 was rough] but I look forward to 2017-18 if the country remains calm post-elections. I doubt KQ will pay a dividend for the next 2 years even after the restructuring as financiers, etc will want a "stronger" KQ that has cash on hand. Capital gains will outstrip measly dividend.. I actually rarely go for dividend stocks. Our investment strategies are world's apart Incesting on hope. Hehe. It would be ideal to learn English before posting on such weighty matters Unameza mate na sisi tunakula nyama...kq is asking for money Kk is paying money Gai. Anyways. Baada ya dhiki.. Now at the Treasury for the pre-approval meeting. All 8 consenting banks are in attendance. Equity, JBB & Ecobank will live to regret their move
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 15,750 ABP 6.45
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