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: 13,475 Location: nairobi
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That's massive can't possibly be the loss before tax. Maximum -7B 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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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: 18,055 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: 13,475 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 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: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 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: 4/23/2014 Posts: 903
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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: 13,475 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 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: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: 13,475 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 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: 4/23/2014 Posts: 903
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obiero wrote: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 If the agm was on 30th August 2017, then doesn't it mean the earliest any changes to the accounts quarters can be seen is 2019? “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: 13,475 Location: nairobi
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HaMaina wrote:obiero wrote: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 If the agm was on 30th August 2017, then doesn't it mean the earliest any changes to the accounts quarters can be seen is 2019? It's possible to break the quarters and end the cycle as at 31.12.2017 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: 4/23/2014 Posts: 903
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obiero wrote:HaMaina wrote:obiero wrote: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 If the agm was on 30th August 2017, then doesn't it mean the earliest any changes to the accounts quarters can be seen is 2019? It's possible to break the quarters and end the cycle as at 31.12.2017 In such a case, what happens to the half year July - December ? “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: 13,475 Location: nairobi
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HaMaina wrote:obiero wrote:HaMaina wrote:obiero wrote: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 If the agm was on 30th August 2017, then doesn't it mean the earliest any changes to the accounts quarters can be seen is 2019? It's possible to break the quarters and end the cycle as at 31.12.2017 In such a case, what happens to the half year July - December ? It can be declared an overlap with adequate notes on the reason behind the changes. The following paragraphs are taken from the IAS Plus summary of IAS 1 Comparative Information IAS 1 requires that comparative information shall be disclosed in respect of the previous period for all amounts reported in the financial statements, both face of financial statements and notes, unless another Standard requires otherwise. [IAS 1.36] If comparative amounts are changed or reclassified, various disclosures are required. [IAS 1.38] Reporting Period There is a presumption that financial statements will be prepared at least annually. If the annual reporting period changes and financial statements are prepared for a different period, the enterprise must disclose the reason for the change and a warning about problems of comparability. [IAS 1.49] 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: 8/28/2015 Posts: 1,247
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obiero wrote:HaMaina wrote:obiero wrote:HaMaina wrote:obiero wrote: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 If the agm was on 30th August 2017, then doesn't it mean the earliest any changes to the accounts quarters can be seen is 2019? It's possible to break the quarters and end the cycle as at 31.12.2017 In such a case, what happens to the half year July - December ? It can be declared an overlap with adequate notes on the reason behind the changes. The following paragraphs are taken from the IAS Plus summary of IAS 1 Comparative Information IAS 1 requires that comparative information shall be disclosed in respect of the previous period for all amounts reported in the financial statements, both face of financial statements and notes, unless another Standard requires otherwise. [IAS 1.36] If comparative amounts are changed or reclassified, various disclosures are required. [IAS 1.38] Reporting Period There is a presumption that financial statements will be prepared at least annually. If the annual reporting period changes and financial statements are prepared for a different period, the enterprise must disclose the reason for the change and a warning about problems of comparability. [IAS 1.49] either acrobatics or contortionist or musketry related words would not miss in describing veracity and velocity of positions taken by you @obiero on this counter. But for sure your ribs and deep pockets won't escape unscathed men. ,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 incase the Open Offer isn't well structured, I shall sell my KQ holding.. My forecast on the same is minimum 3 new shares for each share held, price of course below KES 8.52 as guaranteed in the prior 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: Chief Joined: 1/3/2007 Posts: 18,055 Location: Nairobi
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I see Sebastian is taking on those pesky engineers head on! https://www.businessdail...2116-6yyhviz/index.html
If one could buy KQ's assets [without the corresponding liabilities] at par and the current management [and re-hire the staff]... then I would look at KQ as being investable. To be clear, it's NOT investable at 15/- coz of legacy debts and staff. 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:I see Sebastian is taking on those pesky engineers head on! https://www.businessdail...2116-6yyhviz/index.html
If one could buy KQ's assets [without the corresponding liabilities] at par and the current management [and re-hire the staff]... then I would look at KQ as being investable. To be clear, it's NOT investable at 15/- coz of legacy debts and staff. @chief vvs.. Some utopian ideas are relevant on the bitcoin thread.. It's not possible to re-hire everyone.. The few bad apples can be exited 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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obiero wrote:VituVingiSana wrote:I see Sebastian is taking on those pesky engineers head on! https://www.businessdail...2116-6yyhviz/index.html
If one could buy KQ's assets [without the corresponding liabilities] at par and the current management [and re-hire the staff]... then I would look at KQ as being investable. To be clear, it's NOT investable at 15/- coz of legacy debts and staff. @chief vvs.. Some utopian ideas are relevant on the bitcoin thread.. It's not possible to re-hire everyone.. The few bad apples can be exited IMHO, the best way forward for KQ and the country [taxpayers] was putting Old KQ into bankruptcy and transferring to New KQ those assets (& corresponding loans) that made sense and re-hire (or hire) staff that weren't stealing... No need to deal with the likes of alex "mwizi" mbugua. This would have eliminated lots of problems for Sebastian. The New KQ could have looked for investors including myself! Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 5/25/2012 Posts: 4,105 Location: 08c
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9500 Posts. KQ is special! Pesa Nane plans to be shilingi when he grows up.
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