Wazua
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Kenya Airways...why ignore..
Rank: Elder Joined: 6/23/2009 Posts: 13,472 Location: nairobi
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Ericsson wrote:VituVingiSana wrote:Ericsson wrote:@Obiero
GOK was crucial they get majority Shareholding in kq.If it wasn't that the airline could be buried like Uganda airways.
Kq now is in safe hands.
@vvs
Safaricom success is attributed to government support and the fact that it was a state Corporation till 2008.
There were very many favours they got during that period. Safaricom took off under MJ, who was seconded by Vodafone, which had operational control of Safaricom. The then Telkom, 100% owned and controlled by GoK, with lots more assets than Safaricom was raped by friends of dan the thief. I hope MJ can revive KQ with help from SM. Help from SM and GoK. GoK has aided KQ massively in the past few years
HF 428,000 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: 13,472 Location: nairobi
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obiero wrote:sparkly wrote:mulla wrote:obiero wrote:Today marks the day.. I have thought hard and long about waiting for the Open Offer but it is now clear that the kahoonas have started taking vantage position and I will not be left out.. Buy some now for higher allocation of the Open Offer, averaging down has never been this easy! @Obiero you have balls of steel. Too heavy to carry onboard, that's why the plane keeps crashing. Lol.. This is funny Very funny..
HF 428,000 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: 13,472 Location: nairobi
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obiero wrote:Here's my two cents via an exchange bar discussion this evening.. KES 21 = KES 5.25 pre restructuring.. Majority of KQ heavy trades took place during the 2012 rights issue @ KES 56 = KES 14 pre restructuring.. The Open Offer has been guaranteed in writing to exclude KQLC, KQ ESOP as well as KLM and at a price lower than that offered to the stated group of majority shareholders at consolidation.. Implying Open Offer pricing shall be below KES 8.52.. Meanwhile, no selling will occur by existing shareholders upon Open Offer circularization leading to a price spike  March 30, 2018.. A few days ago.. http://live.mystocks.co.ke/m/stock=KQ
HF 428,000 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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KQ crap has rebounded, Market Makers on a killing spree except those whose shares got consolidated... John 5:17 But Jesus replied, โMy Father is always working, and so am I.โ
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Rank: Elder Joined: 6/23/2009 Posts: 13,472 Location: nairobi
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calling on all astute traders, money is on the table ready to be made.. its a risk fraught venture noting that the cautionary statement remains in effect, but as the saying goes, high risk high return! thank me later
HF 428,000 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: 13,472 Location: nairobi
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31% up since I bought additional shares last week at KES 10.30..
HF 428,000 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: 13,472 Location: nairobi
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obiero wrote:mulla wrote:obiero wrote:Today marks the day.. I have thought hard and long about waiting for the Open Offer but it is now clear that the kahoonas have started taking vantage position and I will not be left out.. Buy some now for higher allocation of the Open Offer, averaging down has never been this easy! @Obiero you have balls of steel. Confirmed. New average buy price KES 24.2 I told @wazua the kahoonas were sighted last week boarding the KQ counter. Market makers have taken up positions in the build up to the Open Offer which remains the biggest bet that I have ever tied my trading action to at the NSE.. The exchange bar itself said I have too much unfounded hope for the airline considering its loss history. Nonetheless, I hope that the Open Offer ratio and pricing works for me and the other true KQ shareholders. Still personally 44% underwater from the vital and most welcome restructuring actions but I know with 100% certainty that take-off is imminent. The volume and price action are telling a deep story only understandable by KQ insiders. HODL!!!
HF 428,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 15,750 ABP 6.45
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Rank: Member Joined: 5/30/2016 Posts: 332 Location: Kayole
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obiero wrote:calling on all astute traders, money is on the table ready to be made.. its a risk fraught venture noting that the cautionary statement remains in effect, but as the saying goes, high risk high return! thank me later Still on board this plane. Patience, accumulation. Safcom is the other stock to watch this year KEGN, KPLC, KQ, SCOM
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Rank: Elder Joined: 6/23/2009 Posts: 13,472 Location: nairobi
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KQ Profits (EBT) (KSh m) From 2003 to 2017 ascending: 547 2,075 5,520 6,960 5,975 6,526 โ5,664 2,671 5,002 2,146 โ10,826 -29,710 -26,099 -10,202 -5,969 The 2013 loss was a shocker to all investors, determined only upon exit of a con CEO.. Great strides have since been made and barring unforeseen circumstances, a profit is unavoidable for FY 2018
HF 428,000 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: 18,047 Location: Nairobi
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obiero wrote:KQ Profits (EBT) (KSh m) From 2003 to 2017 ascending:
547
2,075
5,520
6,960
5,975
6,526
โ5,664
2,671
5,002
2,146
โ10,826
-29,710
-26,099
-10,202
-5,969
The 2013 loss was a shocker to all investors, determined only upon exit of a con CEO.. Great strides have since been made and barring unforeseen circumstances, a profit is unavoidable for FY 2018 Hmmm, my neighborhood kiosk has made more money than KQ for the past 6 years!  And bila bailouts, cheap loans, etc! 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: 13,472 Location: nairobi
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VituVingiSana wrote:obiero wrote:KQ Profits (EBT) (KSh m) From 2003 to 2017 ascending:
547
2,075
5,520
6,960
5,975
6,526
โ5,664
2,671
5,002
2,146
โ10,826
-29,710
-26,099
-10,202
-5,969
The 2013 loss was a shocker to all investors, determined only upon exit of a con CEO.. Great strides have since been made and barring unforeseen circumstances, a profit is unavoidable for FY 2018 Hmmm, my neighborhood kiosk has made more money than KQ for the past 6 years! And bila bailouts, cheap loans, etc! Lol.. I bet your neighborhood kiosk has similar revenue to Kurwitu ๐ Once the engines are fully fired up, KQ annual PBT shall not be less than KES 7B.. This should happen in less than two years time especially considering the 15% revenue bump anticipated from USA and SE Asia. The writing is on the wall. I am not in KQ for cheap short term thrill, like a giraffe I have seen ahead
HF 428,000 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: 18,047 Location: Nairobi
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obiero wrote:VituVingiSana wrote:obiero wrote:KQ Profits (EBT) (KSh m) From 2003 to 2017 ascending:
547
2,075
5,520
6,960
5,975
6,526
โ5,664
2,671
5,002
2,146
โ10,826
-29,710
-26,099
-10,202
-5,969
The 2013 loss was a shocker to all investors, determined only upon exit of a con CEO.. Great strides have since been made and barring unforeseen circumstances, a profit is unavoidable for FY 2018 Hmmm, my neighborhood kiosk has made more money than KQ for the past 6 years! And bila bailouts, cheap loans, etc! Lol.. I bet your neighborhood kiosk has similar revenue to Kurwitu ๐ Once the engines are fully fired up, KQ annual PBT shall not be less than KES 7B.. This should happen in less than two years time especially considering the 15% revenue bump anticipated from USA and SE Asia. The writing is on the wall. I am not in KQ for cheap short term thrill, like a giraffe I have seen ahead Well, please ask KQ to repay their loans to Equity and I&M once the cash starts rolling in! And start buying fuel from KK. And ask their insurer to reinsure with KenRe. Buy their tea from Williamson/Kapchorua. Put up their passengers in Serena. 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: 13,472 Location: nairobi
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obiero wrote:Swenani wrote:obiero wrote:Swenani wrote:obiero wrote:Swenani wrote:Directs flights to USA under review following MM fiasco-Matiangi Weka link We are under review doesn't mean that USA direct flights are now being reviewed.. There's a difference. I think he simply means we shouldn't mess it up! What does it mean sir? If JKIA is already approved for direct flights what does under review mean? @swenani its like the security alerts issued by most of the foreign states. they are under constant review, all day, everyday.. just because we got CAT 1 status doesn't mean that its irrevocable. such Miguna-like drama should be avoided at all costs We are going to USA https://www.businessdail...81432-vekwqoz/index.html
HF 428,000 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: 13,472 Location: nairobi
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muandiwambeu wrote:obiero wrote:VituVingiSana wrote:obiero wrote:VituVingiSana wrote:Stiffler wrote:obiero wrote:Spikes wrote:obiero wrote:Spikes wrote:obiero wrote:The slow pace in announcing the Open Offer is disheartening.. Whatโs soo difficult in preparing the ratio and price.. - Whales strategizing how to screw you up hard your ass. Your portfolio is at risk of a major loss. Your mother is very proud of your language. She raised you well. Kudos! Kuwa mpole bro. It's very disappointing that KQ management actually released the full year results with no mention of the Open Offer.. Totally insane Had also expected some info on the open Offer to be availed... But apparently nobody cares about the minority, they can go hang, if they so wish ....! Minorities own 5%(?) of KQ. Why should the 95% care? One because it's human to care.. Two, they took our shares and diluted us down to the 5%.. It's our right to obtain the Open Offer so as to retain a semblance of proportion in shareholding You are lucky to have been diluted to 5% vs KQ put into bankruptcy. KQ in its current shareholding structure can never go broke kwa hii beerashara ya hisha nimejifunza ngojangoja ulewesha na mwishowe unakula hu,,,, https://en.wikipedia.org...ta_juvenile_yawning.jpg kama @obiero Hope remains eternal
HF 428,000 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: 13,472 Location: nairobi
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Fyatu wrote:obiero wrote:obiero wrote:Ericsson wrote: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 Cough cough @fyatu kuuliza si ujinga Thanks man. Oigara's piece on KQ is quite encouraging. Waiting for final year results so as to make my mind whether KQ is a buy or not. @Fyatu what was your decision based on the full year results. My take is that KQ is a definite buy in its current state. Too many positives are happening to the company at one go, and it will be no surprise to see a profit in H1 2018
HF 428,000 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: 13,472 Location: nairobi
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muandiwambeu wrote: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. How did I miss note of this punch. You know I always go punch for punch.. Well, the full year closed off as declared with final skeletons put to rest. KQ is reborn :)
HF 428,000 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: 13,472 Location: nairobi
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@obiero continues to hold 80,000 KQ shares at ABP of KES 24.20. The Open Offer better bail me out of the 48% investment loss, underwater currents that are pushing me further from the shore. The current KQ share price is unbelievably low post-restructure.. Actually its currently trading at KES 3.10.. While GOK, KQLC and KLM hold their stake at entry level of KES 8.52.. Equilibrium will be achieved via the Open Offer which I am informed by the exchange bar shall likely be on a ratio of 3:1 with a striking price of KES 5. Assuming that I shall be able to defend my full allocation at KES 1,200,000 my revised ABP shall then be KES 9.80.. My biggest gamble in life so far
HF 428,000 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:@obiero continues to hold 80,000 KQ shares at ABP of KES 24.20. The Open Offer better bail me out of the 48% investment loss, underwater currents that are pushing me further from the shore. The current KQ share price is unbelievably low post-restructure.. Actually its currently trading at KES 3.10.. While GOK, KQLC and KLM hold their stake at entry level of KES 8.52.. Equilibrium will be achieved via the Open Offer which I am informed by the exchange bar shall likely be on a ratio of 3:1 with a striking price of KES 5. Assuming that I shall be able to defend my full allocation at KES 1,200,000 my revised ABP shall then be KES 9.80.. My biggest gamble in life so far You have problems my friend. Life is short. Live passionately.
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Rank: Elder Joined: 6/23/2009 Posts: 13,472 Location: nairobi
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sparkly wrote:obiero wrote:@obiero continues to hold 80,000 KQ shares at ABP of KES 24.20. The Open Offer better bail me out of the 48% investment loss, underwater currents that are pushing me further from the shore. The current KQ share price is unbelievably low post-restructure.. Actually its currently trading at KES 3.10.. While GOK, KQLC and KLM hold their stake at entry level of KES 8.52.. Equilibrium will be achieved via the Open Offer which I am informed by the exchange bar shall likely be on a ratio of 3:1 with a striking price of KES 5. Assuming that I shall be able to defend my full allocation at KES 1,200,000 my revised ABP shall then be KES 9.80.. My biggest gamble in life so far You have problems my friend. Everyone has problems on this earth. How to deal with them, makes the difference
HF 428,000 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: 18,047 Location: Nairobi
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obiero wrote:@obiero continues to hold 80,000 KQ shares at ABP of KES 24.20. The Open Offer better bail me out of the 48% investment loss, underwater currents that are pushing me further from the shore. The current KQ share price is unbelievably low post-restructure.. Actually its currently trading at KES 3.10.. While GOK, KQLC and KLM hold their stake at entry level of KES 8.52.. Equilibrium will be achieved via the Open Offer which I am informed by the exchange bar shall likely be on a ratio of 3:1 with a striking price of KES 5. Assuming that I shall be able to defend my full allocation at KES 1,200,000 my revised ABP shall then be KES 9.80.. My biggest gamble in life so far I am beginning to wonder if anyone but you really cares about KQ. My interest in KQ's success lies in the hope that KQ will pay off its loans to my investees e.g. I&M, Equity, NIC, etc AND that KQLC can dispose of the KQ shares so my investees can close the chapter on a poor decision made to lend to KQ. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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