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Kenya Airways...why ignore..
Rank: Elder Joined: 6/23/2009 Posts: 13,475 Location: nairobi
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Spikes wrote:Kusadikika wrote:So what will the price be when this opens on Nov.29? Banks got shares at 2.13 so they can make a profit selling at 2.15. Who wants to hold shares when you can have cash? There's upcoming consolidation in the ratio 4:1 which @ obiero asserts will skyrocket this crap from restructuring price of kes 2.13 to kes 8.52 on 29th Nov. Other schools of thought maintain a contrary opinion in which dust is expected to settle with a dip of kes 1.5 . It must be noted that if the Open Offer ratio still remains a mystery, then pricing would be dependent only on the restructuring outcome which has already happened.. Ideally if the Open Offer is neatly packaged, KQ could even go on to touch KES 12 with ease.. Tomorrow morning we report live from the Pride Centre.. The countdown is on to your alleged KES 1.5 👍🏾
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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obiero wrote:Watch and learn..  @ericsson here is your answer to 29.9B issued shares.. it was not my forecast but a guideline from KQ itself
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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 Straight from the exchange bar.. Four new shares shall be offered for each share currently held by the minority shareholders, at a price of KES 1.8 per share.. Seems fair to me
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: 18,055 Location: Nairobi
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Kusadikika wrote:So what will the price be when this opens on Nov.29? Banks got shares at 2.13 so they can make a profit selling at 2.15. Who wants to hold shares when you can have cash?  1% Capital Gains after all the drama! Let me have my ka-small dividend from Kenya Re! Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Veteran Joined: 4/23/2014 Posts: 903
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Looks like just a clever way of clearing outstanding debt. “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: 12/4/2009 Posts: 10,639 Location: NAIROBI
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Spikes wrote:Kusadikika wrote:So what will the price be when this opens on Nov.29? Banks got shares at 2.13 so they can make a profit selling at 2.15. Who wants to hold shares when you can have cash? There's upcoming consolidation in the ratio 4:1 which @ obiero asserts will skyrocket this crap from restructuring price of kes 2.13 to kes 8.52 on 29th Nov. Other schools of thought maintain a contrary opinion in which dust is expected to settle with a dip of kes 1.5 . There will be no consolidation.The list shown is final. Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 12/4/2009 Posts: 10,639 Location: NAIROBI
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obiero wrote:Straight from the exchange bar.. Four new shares shall be offered for each share currently held by the minority shareholders, at a price of KES 1.8 per share.. Seems fair to me Slowly by slowly @Obiero is coming to the conclusion that ksh.8.52 per share on 29th November is a mirage Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 12/4/2009 Posts: 10,639 Location: NAIROBI
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Kusadikika wrote:So what will the price be when this opens on Nov.29? Banks got shares at 2.13 so they can make a profit selling at 2.15. Who wants to hold shares when you can have cash? @Kusadikika Banks got the shares at sh.8 per share Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Chief Joined: 1/3/2007 Posts: 18,055 Location: Nairobi
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Ericsson wrote:Kusadikika wrote:So what will the price be when this opens on Nov.29? Banks got shares at 2.13 so they can make a profit selling at 2.15. Who wants to hold shares when you can have cash? @Kusadikika Banks got the shares at sh.8 per share Wow! They got royally screwed. Plus they will be forced to loan even more money to KQ. Jamii Bora got the best deal in the restructuring! Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Veteran Joined: 3/12/2010 Posts: 1,199 Location: Eastlander
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Oyaa!!! Hold up a minute. Total issued shares have jumped from 1.5billion to 30billion just like that and a bulk of that (to the banking company) is up for sale at market price should they opt to trade (core business of banks is not investing in stocks).. Then, if you have 10,000 KQ shares, and do not wish to dilute your holding, they've offered you 40k new shares at sh1.80 but you need to buy close to an extra 130k shares, at market price (after 29th Nov) just to hold on to your proportion holding you had prior to restructuring?  #CrapStock ..Let your light so shine before men, that they may see your good works, and glorify your Father which is in heaven...Matt5:16
- 1769 Oxford King James Bible 'Authorized Version
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Rank: Elder Joined: 6/23/2009 Posts: 13,475 Location: nairobi
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ProverB wrote:Oyaa!!! Hold up a minute. Total issued shares have jumped from 1.5billion to 30billion just like that and a bulk of that (to the banking company) is up for sale at market price should they opt to trade (core business of banks is not investing in stocks).. Then, if you have 10,000 KQ shares, and do not wish to dilute your holding, they've offered you 40k new shares at sh1.80 but you need to buy close to an extra 130k shares, at market price (after 29th Nov) just to hold on to your proportion holding you had prior to restructuring? #CrapStock Propaganda hio. We don't require the proportional holding but simply a rapid rise in the share price. I'm quite happy with reduced number of shares but with a higher price
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: 3/12/2010 Posts: 1,199 Location: Eastlander
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obiero wrote:ProverB wrote:Oyaa!!! Hold up a minute. Total issued shares have jumped from 1.5billion to 30billion just like that and a bulk of that (to the banking company) is up for sale at market price should they opt to trade (core business of banks is not investing in stocks).. Then, if you have 10,000 KQ shares, and do not wish to dilute your holding, they've offered you 40k new shares at sh1.80 but you need to buy close to an extra 130k shares, at market price (after 29th Nov) just to hold on to your proportion holding you had prior to restructuring? #CrapStock Propaganda hio. We don't require the proportional holding but simply a rapid rise in the share price. I'm quite happy with reduced number of shares but with a higher price So one share out of 30billion is more valuable than 1 share out of 1.5billion? Nice logic. What's the Net Asset Value with the restructuring? ..Let your light so shine before men, that they may see your good works, and glorify your Father which is in heaven...Matt5:16
- 1769 Oxford King James Bible 'Authorized Version
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Rank: Veteran Joined: 3/12/2010 Posts: 1,199 Location: Eastlander
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A dilution close to 20times what one holds.. A parachute offered of 4:1 at an additional cost of 1.80 per share.. A company that is still in the red despite sigh of relief from improved margins..though revenues are flat. And we expect rapid rise in share price? 1. Irrational exuberance on part of shareholders. 2. Ukiritimba.. Whatever that means..on part of KQ. Nevertheless, carry on. KQ will be good for those who come in later to collect the pieces..but not existing shareholders. Strictly talking shares trading.. Lessons from safaricom upon listing.. Volume of shares available for trading slumped share price for a long while despite good fundamentals. Large volumes of KQ shares available as of 29th will have to be wiped out by larger buyers to ensure demand always outweighs supply for the share price to go up. Unless all existing shareholders REFUSE to sell..rise in share price ni uchawi. ..Let your light so shine before men, that they may see your good works, and glorify your Father which is in heaven...Matt5:16
- 1769 Oxford King James Bible 'Authorized Version
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Rank: Elder Joined: 6/23/2009 Posts: 13,475 Location: nairobi
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ProverB wrote:A dilution close to 20times what one holds.. A parachute offered of 4:1 at an additional cost of 1.80 per share.. A company that is still in the red despite sigh of relief from improved margins..though revenues are flat. And we expect rapid rise in share price? 1. Irrational exuberance on part of shareholders. 2. Ukiritimba.. Whatever that means..on part of KQ. Nevertheless, carry on. KQ will be good for those who come in later to collect the pieces..but not existing shareholders. Strictly talking shares trading.. Lessons from safaricom upon listing.. Volume of shares available for trading slumped share price for a long while despite good fundamentals. Large volumes of KQ shares available as of 29th will have to be wiped out by larger buyers to ensure demand always outweighs supply for the share price to go up. Unless all existing shareholders REFUSE to sell..rise in share price ni uchawi. There should be a refusal to sell for any price below KES 21.50 per share, unless the Open Offer details are rolled out before 29.11.2017
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: 12/4/2009 Posts: 10,639 Location: NAIROBI
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obiero wrote:ProverB wrote:A dilution close to 20times what one holds.. A parachute offered of 4:1 at an additional cost of 1.80 per share.. A company that is still in the red despite sigh of relief from improved margins..though revenues are flat. And we expect rapid rise in share price? 1. Irrational exuberance on part of shareholders. 2. Ukiritimba.. Whatever that means..on part of KQ. Nevertheless, carry on. KQ will be good for those who come in later to collect the pieces..but not existing shareholders. Strictly talking shares trading.. Lessons from safaricom upon listing.. Volume of shares available for trading slumped share price for a long while despite good fundamentals. Large volumes of KQ shares available as of 29th will have to be wiped out by larger buyers to ensure demand always outweighs supply for the share price to go up. Unless all existing shareholders REFUSE to sell..rise in share price ni uchawi. There should be a refusal to sell for any price below KES 21.50 per share, unless the Open Offer details are rolled out before 29.11.2017 Open offer/rights issue for KQ probably next year. ksh.21.50 per share on 29.11.2017 ni ndoto hiyo. Are we saying that KQ will be worth more than KCB in terms of market capitalisation in the NSE. 5.822bn shares *ksh.21.5= The company is just from announcing HY loss of ksh.3.8bn after tax. 29.11.2017 my prediction is KQ will be trading at between 1.50-2.00 per share Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 6/23/2009 Posts: 13,475 Location: nairobi
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Ericsson wrote:obiero wrote:ProverB wrote:A dilution close to 20times what one holds.. A parachute offered of 4:1 at an additional cost of 1.80 per share.. A company that is still in the red despite sigh of relief from improved margins..though revenues are flat. And we expect rapid rise in share price? 1. Irrational exuberance on part of shareholders. 2. Ukiritimba.. Whatever that means..on part of KQ. Nevertheless, carry on. KQ will be good for those who come in later to collect the pieces..but not existing shareholders. Strictly talking shares trading.. Lessons from safaricom upon listing.. Volume of shares available for trading slumped share price for a long while despite good fundamentals. Large volumes of KQ shares available as of 29th will have to be wiped out by larger buyers to ensure demand always outweighs supply for the share price to go up. Unless all existing shareholders REFUSE to sell..rise in share price ni uchawi. There should be a refusal to sell for any price below KES 21.50 per share, unless the Open Offer details are rolled out before 29.11.2017 Open offer/rights issue for KQ probably next year. ksh.21.50 per share on 29.11.2017 ni ndoto hiyo. Are we saying that KQ will be worth more than KCB in terms of market capitalisation in the NSE. 5.822bn shares *ksh.21.5= The company is just from announcing HY loss of ksh.3.8bn after tax. 29.11.2017 my prediction is KQ will be trading at between 1.50-2.00 per share That's where you go wrong, quick math will show you that the banks converted debt to equity at a given sum total based on KES 2.13 per share which was then split at a ratio of 1:4 giving rise to the new floor of KES 8.52.. It's practically impossible for any sane existing investor to trade at any sum below KES 8.52.. Am I deluded or extremely wise.. Meanwhile KQ now has the most vibrant board at the NSE http://www.businessdaily...0966-14hskl1z/index.html
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: 12/4/2009 Posts: 10,639 Location: NAIROBI
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obiero wrote:Ericsson wrote:obiero wrote:[quote=ProverB]A dilution close to 20times what one holds.. A parachute offered of 4:1 at an additional cost of 1.80 per share.. A company that is still in the red despite sigh of relief from improved margins..though revenues are flat. And we expect rapid rise in share price? 1. Irrational exuberance on part of shareholders. 2. Ukiritimba.. Whatever that means..on part of KQ. Nevertheless, carry on. KQ will be good for those who come in later to collect the pieces..but not existing shareholders. Strictly talking shares trading.. Lessons from safaricom upon listing.. Volume of shares available for trading slumped share price for a long while despite good fundamentals. Large volumes of KQ shares available as of 29th will have to be wiped out by larger buyers to ensure demand always outweighs supply for the share price to go up. Unless all existing shareholders REFUSE to sell..rise in share price ni uchawi. There should be a refusal to sell for any price below KES 21.50 per share, unless the Open Offer details are rolled out before 29.11.2017 Open offer/rights issue for KQ probably next year. ksh.21.50 per share on 29.11.2017 ni ndoto hiyo. Are we saying that KQ will be worth more than KCB in terms of market capitalisation in the NSE. 5.822bn shares *ksh.21.5= The company is just from announcing HY loss of ksh.3.8bn after tax. 29.11.2017 my prediction is KQ will be trading at between 1.50-2.00 per share That's where you go wrong, quick math will show you that the banks converted debt to equity at a given sum total based on KES 2.13 per share which was then split at a ratio of 1:4 giving rise to the new floor of KES 8.52.. It's practically impossible for any sane existing investor to trade at any sum below KES 8.52.. Am I deluded or extremely wise.. The biggest lie in wazua republic.That maths doesn't fit.Meanwhile KQ now has the most vibrant board at the NSE http://www.businessdaily...966-14hskl1z/index.html[/quote] Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 6/23/2009 Posts: 13,475 Location: nairobi
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Ericsson wrote:obiero wrote:Ericsson wrote:obiero wrote:[quote=ProverB]A dilution close to 20times what one holds.. A parachute offered of 4:1 at an additional cost of 1.80 per share.. A company that is still in the red despite sigh of relief from improved margins..though revenues are flat. And we expect rapid rise in share price? 1. Irrational exuberance on part of shareholders. 2. Ukiritimba.. Whatever that means..on part of KQ. Nevertheless, carry on. KQ will be good for those who come in later to collect the pieces..but not existing shareholders. Strictly talking shares trading.. Lessons from safaricom upon listing.. Volume of shares available for trading slumped share price for a long while despite good fundamentals. Large volumes of KQ shares available as of 29th will have to be wiped out by larger buyers to ensure demand always outweighs supply for the share price to go up. Unless all existing shareholders REFUSE to sell..rise in share price ni uchawi. There should be a refusal to sell for any price below KES 21.50 per share, unless the Open Offer details are rolled out before 29.11.2017 Open offer/rights issue for KQ probably next year. ksh.21.50 per share on 29.11.2017 ni ndoto hiyo. Are we saying that KQ will be worth more than KCB in terms of market capitalisation in the NSE. 5.822bn shares *ksh.21.5= The company is just from announcing HY loss of ksh.3.8bn after tax. 29.11.2017 my prediction is KQ will be trading at between 1.50-2.00 per share That's where you go wrong, quick math will show you that the banks converted debt to equity at a given sum total based on KES 2.13 per share which was then split at a ratio of 1:4 giving rise to the new floor of KES 8.52.. It's practically impossible for any sane existing investor to trade at any sum below KES 8.52.. Am I deluded or extremely wise.. The biggest lie in wazua republic.That maths doesn't fit.Meanwhile KQ now has the most vibrant board at the NSE http://www.businessdaily...966-14hskl1z/index.html[/quote] I doubt whether I am wrong.. Page 12 of www.winda.co.ke/projectsafari.pdf states that KES 22.7B is the sum invested by KQ Lenders Co Ltd at KES 2.13 as part of debt to equity conversion on the back of 10.67B shares which equates to 2.66B shares post split at KES 8.52.. There's simply no other way to look at this restructuring pricing, unless you break it down contrary to my workings
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: 12/4/2009 Posts: 10,639 Location: NAIROBI
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obiero wrote:Ericsson wrote:obiero wrote:Ericsson wrote:obiero wrote:[quote=ProverB]A dilution close to 20times what one holds.. A parachute offered of 4:1 at an additional cost of 1.80 per share.. A company that is still in the red despite sigh of relief from improved margins..though revenues are flat. And we expect rapid rise in share price? 1. Irrational exuberance on part of shareholders. 2. Ukiritimba.. Whatever that means..on part of KQ. Nevertheless, carry on. KQ will be good for those who come in later to collect the pieces..but not existing shareholders. Strictly talking shares trading.. Lessons from safaricom upon listing.. Volume of shares available for trading slumped share price for a long while despite good fundamentals. Large volumes of KQ shares available as of 29th will have to be wiped out by larger buyers to ensure demand always outweighs supply for the share price to go up. Unless all existing shareholders REFUSE to sell..rise in share price ni uchawi. There should be a refusal to sell for any price below KES 21.50 per share, unless the Open Offer details are rolled out before 29.11.2017 Open offer/rights issue for KQ probably next year. ksh.21.50 per share on 29.11.2017 ni ndoto hiyo. Are we saying that KQ will be worth more than KCB in terms of market capitalisation in the NSE. 5.822bn shares *ksh.21.5= The company is just from announcing HY loss of ksh.3.8bn after tax. 29.11.2017 my prediction is KQ will be trading at between 1.50-2.00 per share That's where you go wrong, quick math will show you that the banks converted debt to equity at a given sum total based on KES 2.13 per share which was then split at a ratio of 1:4 giving rise to the new floor of KES 8.52.. It's practically impossible for any sane existing investor to trade at any sum below KES 8.52.. Am I deluded or extremely wise.. The biggest lie in wazua republic.That maths doesn't fit.Meanwhile KQ now has the most vibrant board at the NSE http://www.businessdaily...966-14hskl1z/index.html[/quote] I doubt whether I am wrong.. Page 12 of www.winda.co.ke/projectsafari.pdf states that KES 22.7B is the sum invested by KQ Lenders Co Ltd at KES 2.13 as part of debt to equity conversion on the back of 10.67B shares which equates to 2.66B shares post split at KES 8.52.. There's simply no other way to look at this restructuring pricing, unless you break it down contrary to my workings Another lie the sum invested by KQ lenders is ksh.17.2bn and the shares they have been allocated is 2.219bnWealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 6/23/2009 Posts: 13,475 Location: nairobi
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Ericsson wrote:obiero wrote:Ericsson wrote:obiero wrote:Ericsson wrote:obiero wrote:[quote=ProverB]A dilution close to 20times what one holds.. A parachute offered of 4:1 at an additional cost of 1.80 per share.. A company that is still in the red despite sigh of relief from improved margins..though revenues are flat. And we expect rapid rise in share price? 1. Irrational exuberance on part of shareholders. 2. Ukiritimba.. Whatever that means..on part of KQ. Nevertheless, carry on. KQ will be good for those who come in later to collect the pieces..but not existing shareholders. Strictly talking shares trading.. Lessons from safaricom upon listing.. Volume of shares available for trading slumped share price for a long while despite good fundamentals. Large volumes of KQ shares available as of 29th will have to be wiped out by larger buyers to ensure demand always outweighs supply for the share price to go up. Unless all existing shareholders REFUSE to sell..rise in share price ni uchawi. There should be a refusal to sell for any price below KES 21.50 per share, unless the Open Offer details are rolled out before 29.11.2017 Open offer/rights issue for KQ probably next year. ksh.21.50 per share on 29.11.2017 ni ndoto hiyo. Are we saying that KQ will be worth more than KCB in terms of market capitalisation in the NSE. 5.822bn shares *ksh.21.5= The company is just from announcing HY loss of ksh.3.8bn after tax. 29.11.2017 my prediction is KQ will be trading at between 1.50-2.00 per share That's where you go wrong, quick math will show you that the banks converted debt to equity at a given sum total based on KES 2.13 per share which was then split at a ratio of 1:4 giving rise to the new floor of KES 8.52.. It's practically impossible for any sane existing investor to trade at any sum below KES 8.52.. Am I deluded or extremely wise.. The biggest lie in wazua republic.That maths doesn't fit.Meanwhile KQ now has the most vibrant board at the NSE http://www.businessdaily...966-14hskl1z/index.html[/quote] I doubt whether I am wrong.. Page 12 of www.winda.co.ke/projectsafari.pdf states that KES 22.7B is the sum invested by KQ Lenders Co Ltd at KES 2.13 as part of debt to equity conversion on the back of 10.67B shares which equates to 2.66B shares post split at KES 8.52.. There's simply no other way to look at this restructuring pricing, unless you break it down contrary to my workings Another lie the sum invested by KQ lenders is ksh.17.2bn and the shares they have been allocated is 2.219bn What point are you driving across.. It's common knowledge that there was an adjustment in the final tally.. Well, basing on your argument, it's 18.9B total KQ debt owed to KQ Lenders Co Ltd converted from debt to equity at 8.876 shares each at KES 2.13, equating to 2.219 shares at KES 8.52. Same difference!
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 15,750 ABP 6.45
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