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Kenya Airways...why ignore..
Rank: Elder Joined: 6/23/2009 Posts: 13,475 Location: nairobi
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winston wrote:Is this the longest running thread on Wazua? 8218 Posts and still rolling in... Na bado
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: 9/20/2015 Posts: 2,811 Location: Mombasa
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obiero wrote:winston wrote:Is this the longest running thread on Wazua? 8218 Posts and still rolling in... Na bado Yes! A thread where I bring energy that makes some Wazuans uncomfortable. John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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Rank: Veteran Joined: 8/28/2015 Posts: 1,247
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obiero wrote: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 , hata uwekelee jina la st Theresa hapo, iwezi shine. Kama ni mbaya ni mbaya, the gentleman will soon or later confess this to be his second corporate blunder after giving free talk time to Kenyans. A good manager putting his good reputation before a business with bad reputation, only the managers reputation suffers.  ,Behold, a sower went forth to sow;....
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Rank: Elder Joined: 6/23/2009 Posts: 13,475 Location: nairobi
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muandiwambeu wrote:obiero wrote: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 , hata uwekelee jina la st Theresa hapo, iwezi shine. Kama ni mbaya ni mbaya, the gentleman will soon or later confess this to be his second corporate blunder after giving free talk time to Kenyans. A good manager putting his good reputation before a business with bad reputation, only the managers reputation suffers. Well today is the last trading day to EGM. Only 2 options exist, bankruptcy or revival. Tuonane mbele
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 15,750 ABP 6.45
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Rank: Veteran Joined: 2/2/2012 Posts: 1,134 Location: Nairobi
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obiero wrote:chiaroscuro 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 2 years? You're so optimistic! % years as a minimum by my estimation. Most like 7 years. Only some one with a strategic objectives would buy this monkey! Meanwhile, I'm still wondering why CMA and NSE have never seen it fit to suspend KQ. Others have been suspended for far less "crimes". 1.4m shares traded as recently as today. Delisting will only happen once Kenya goes the Greece route.. God forbid Delisting? I am not talking about delisting. I am talking about suspension until KQ sorts out it horrible balance sheet and also gets into positive working capital position.
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Rank: Member Joined: 4/14/2010 Posts: 806 Location: Nairobi
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Spikes wrote:obiero wrote:winston wrote:Is this the longest running thread on Wazua? 8218 Posts and still rolling in... Na bado Yes! A thread where I bring energy that makes some Wazuans uncomfortable. I like it...its very informative. And is a one-stop shop for anything KQ.
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Rank: Member Joined: 4/14/2010 Posts: 806 Location: Nairobi
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chiaroscuro wrote:obiero wrote:chiaroscuro 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 2 years? You're so optimistic! % years as a minimum by my estimation. Most like 7 years. Only some one with a strategic objectives would buy this monkey! Meanwhile, I'm still wondering why CMA and NSE have never seen it fit to suspend KQ. Others have been suspended for far less "crimes". 1.4m shares traded as recently as today. Delisting will only happen once Kenya goes the Greece route.. God forbid Delisting? I am not talking about delisting. I am talking about suspension until KQ sorts out it horrible balance sheet and also gets into positive working capital position. Not sure bad performance and horrible balance sheet are grounds for suspension in Kenya
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Rank: Chief Joined: 1/3/2007 Posts: 18,054 Location: Nairobi
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Via @bankelele http://bankelele.co.ke/2...pital-optimization.html
While KQ shareholders are crying over spilt milk [including @VVS as a Taxpayer] I see Kenya Re has announced another (higher) profit for 1H 2017. So KK, KenRe have announced higher profits [& both are expected to pay dividends] while I wait for I&M, NIC and Unga [this will probably announce a loss for FY 2016-17] Heck, even Centum will do a-OK  Or some of my smaller holdings eg FTGH, WTK/Kapchorua, C&G [though it is a very TOUGH year for them] & Equity despite the drama. Meanwhile, existing KQ shareholders are going to be wiped out. Well, they were already wiped out and sadly the Taxpayers (eg VVS) are going to bail them out. 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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We come to the end of trading as KQ was known in its former self.. Karibu KQ mpya. For those attending the EGM, you will find me there.. Feel free to ask the hostesses to direct you to where @Obiero is seated
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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KQ Open Offer likely to be 1 for 1. Price KES 1.8. Only question remaining is book closure date. Anything later than the cautionary announcement date, shall be a fraud
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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Another plane gets damaged in Luanda by ground equipment...Embraer. possunt quia posse videntur
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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obiero wrote:KQ Open Offer likely to be 1 for 1. Price KES 1.8. Only question remaining is book closure date. Anything later than the cautionary announcement date, shall be a fraud Company itself is a fraud perpetreting a fraud. Life is short. Live passionately.
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Rank: Elder Joined: 12/7/2012 Posts: 11,901
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sparkly wrote:obiero wrote:KQ Open Offer likely to be 1 for 1. Price KES 1.8. Only question remaining is book closure date. Anything later than the cautionary announcement date, shall be a fraud Company itself is a fraud perpetreting a fraud. How can books closure be backdated?????? In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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Rank: Member Joined: 5/29/2016 Posts: 898 Location: Nairobi
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maka wrote:Another plane gets damaged in Luanda by ground equipment...Embraer. Very bad times for KQ. Is there a 767 & 777 still rusting away at JKIA?
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Rank: Elder Joined: 6/23/2009 Posts: 13,475 Location: nairobi
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Angelica _ann wrote:sparkly wrote:obiero wrote:KQ Open Offer likely to be 1 for 1. Price KES 1.8. Only question remaining is book closure date. Anything later than the cautionary announcement date, shall be a fraud Company itself is a fraud perpetreting a fraud. How can books closure be backdated?????? Check the record date for the banks and ESOP as listed on the Project Safari circular
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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ArrestedDev wrote:maka wrote:Another plane gets damaged in Luanda by ground equipment...Embraer. Very bad times for KQ. Is there a 767 & 777 still rusting away at JKIA? They don't have any.... 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:ArrestedDev wrote:maka wrote:Another plane gets damaged in Luanda by ground equipment...Embraer. Very bad times for KQ. Is there a 767 & 777 still rusting away at JKIA? They don't have any.... @maka was the Luanda incursion a crippling incident
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:maka wrote:ArrestedDev wrote:maka wrote:Another plane gets damaged in Luanda by ground equipment...Embraer. Very bad times for KQ. Is there a 767 & 777 still rusting away at JKIA? They don't have any.... @maka was the Luanda incursion a crippling incident Yep plane is still down.... Flight changes... KQ210/304------------5YCYB KQ504-------------------5YCYD KQ760-------------------5YKYD KQ310--------------------5YCYA KQ522--------------------5YFFF KQ602--------------------5YFFE KQ656/608/610--------5YKYS KQ606/444---------------5YKYQ KQ412/414/486----------5YKYR KQ484/416----------------5YFFB Due to maintenance on B738 and KYP damaged during ground ops... possunt quia posse videntur
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Rank: Elder Joined: 6/23/2009 Posts: 13,475 Location: nairobi
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Days of waiting have come to an end.. Tomorrow at the Pride Centre from 10am, we implement Project Safari
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 15,750 ABP 6.45
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Rank: Veteran Joined: 8/30/2007 Posts: 1,558 Location: Nairobi
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Anyone knwo what the offer price will be?
1/- ama 2/- nitanumua pia
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