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752 Pages«<703704705706707>»
Kenya Airways...why ignore..
Ericsson
#14081 Posted : Tuesday, November 19, 2019 12:09:13 PM
Rank: Elder


Joined: 12/4/2009
Posts: 8,593
Location: NAIROBI
Kenya Airways CEO quits over government meddling

Mikosz said he was leaving for “personal” reasons and that he would use the next seven months in office to continue with his turnaround strategy.
In an internal memo, he told the staff to expect “some good news concerning our future developments” in the next few weeks.

Many are speculating, however, that the resignation of Mikosz – who was head-hunted to run the loss-making Kenya Airlines after turning around LOT Polish Airlines – has more to do with his frustration at boardroom opposition to his plans and government interference.

Tense board meetings

“With Sebastian Mikosz, Kenya Airways had the best guy it could get,” says Jared Muriuki, a research analyst at Genghis Capital. “His resignation is not surprising though, given the recent developments.” The abrupt resignation also brings to the fore the boardroom tensions within the airline.

Mikosz’s resignation was accepted after the airline’s chairman, Michael Joseph, broke a tie in the board’s votes.

Mikosz’s reign has been marked by protracted conflict over a controversial plan to hand over the Kenya Airports Authority’s most prized asset, the Jomo Kenyatta International Airport (JKIA), to the airline.

A report by the Daily Nation said that he had sidelined top managers who were critical. They then “chose to sabotage every step he made, leaking his every strategy before it fermented.” For example, according to the embattled executive: “After cabinet approved the PPP [for the KQ-JKIA deal] and we started the next phase, submitting it, we were accused of hiding it. The moment we sent the proposal, everyone went up in arms and we were accused of all manner of things including how a crooked deal it was.”

In an interview after he announced his resignation, Mikosz said he had started out by analysing the strengths of the airlines that Kenya Airways was losing market share to. “I asked myself: What do they do that I do not or what do they have that I don’t? The first thing I noticed is that they have a different purpose of existence.”
That “purpose of existence” is primarily that they are government-owned, while Kenya Airways is a public-private company.
sparkly
#14082 Posted : Tuesday, November 19, 2019 8:57:08 PM
Rank: Elder


Joined: 9/23/2009
Posts: 7,813
Location: Enk are Nyirobi
Thread has over 14,000 posts.

Over 10,000 posts contain these words:

- watch and learn;
- I speak in code;
Life is short. Live passionately.
VituVingiSana
#14083 Posted : Wednesday, November 20, 2019 12:11:13 AM
Rank: Chief


Joined: 1/3/2007
Posts: 17,116
Location: Nairobi
sparkly wrote:
Thread has over 14,000 posts.

Over 10,000 posts contain these words:

- watch and learn;
- I speak in code;

Kamikaze?
Open Offer?
8.52?
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
VituVingiSana
#14084 Posted : Wednesday, November 20, 2019 12:33:09 AM
Rank: Chief


Joined: 1/3/2007
Posts: 17,116
Location: Nairobi
KQ considers rights issue ahead of nationalisation
https://www.businessdail...55100-a3xn12/index.html

@obiero get your chqbook ready!
"Kenya Airways is still considering selling new shares to small investors ahead of the carrier’s nationalisation."
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
obiero
#14085 Posted : Wednesday, November 20, 2019 1:44:45 AM
Rank: Elder


Joined: 6/23/2009
Posts: 12,772
Location: nairobi
VituVingiSana wrote:
KQ considers rights issue ahead of nationalisation
https://www.businessdail...55100-a3xn12/index.html

@obiero get your chqbook ready!
"Kenya Airways is still considering selling new shares to small investors ahead of the carrier’s nationalisation."

There's no other way to create equilibrium
COOP 5,500 ABP12.6; HF 30,000 ABP 5.90; KCB 7,500 ABP 36; KQ 414,100 ABP 7.92
FUNKY
#14086 Posted : Wednesday, November 20, 2019 8:16:46 AM
Rank: Veteran


Joined: 4/30/2010
Posts: 1,615
obiero wrote:
VituVingiSana wrote:
KQ considers rights issue ahead of nationalisation
https://www.businessdail...55100-a3xn12/index.html

@obiero get your chqbook ready!
"Kenya Airways is still considering selling new shares to small investors ahead of the carrier’s nationalisation."

There's no other way to create equilibrium


What sense does this make? Why would government invite shareholders to buy shares in the airline and then pay the shareholders back through nationalization?
littledove
#14087 Posted : Wednesday, November 20, 2019 8:20:27 AM
Rank: Member


Joined: 7/1/2014
Posts: 794
Location: sky
FUNKY wrote:
obiero wrote:
VituVingiSana wrote:
KQ considers rights issue ahead of nationalisation
https://www.businessdail...55100-a3xn12/index.html

@obiero get your chqbook ready!
"Kenya Airways is still considering selling new shares to small investors ahead of the carrier’s nationalisation."

There's no other way to create equilibrium


What sense does this make? Why would government invite shareholders to buy shares in the airline and then pay the shareholders back through nationalization?

they just want to create equilibrium to avoid court cases once they settle on buyout price
There are only two emotions in the stock market, fear and hope. The problem is, you hope when you should fear and fear when you should hope
obiero
#14088 Posted : Wednesday, November 20, 2019 8:46:16 AM
Rank: Elder


Joined: 6/23/2009
Posts: 12,772
Location: nairobi
littledove wrote:
FUNKY wrote:
obiero wrote:
VituVingiSana wrote:
KQ considers rights issue ahead of nationalisation
https://www.businessdail...55100-a3xn12/index.html

@obiero get your chqbook ready!
"Kenya Airways is still considering selling new shares to small investors ahead of the carrier’s nationalisation."

There's no other way to create equilibrium


What sense does this make? Why would government invite shareholders to buy shares in the airline and then pay the shareholders back through nationalization?

they just want to create equilibrium to avoid court cases once they settle on buyout price

I thought it was common sense.. Why do people find it hard to grasp
COOP 5,500 ABP12.6; HF 30,000 ABP 5.90; KCB 7,500 ABP 36; KQ 414,100 ABP 7.92
HaMaina
#14089 Posted : Wednesday, November 20, 2019 11:27:23 AM
Rank: Member


Joined: 4/23/2014
Posts: 744
VituVingiSana wrote:
KQ considers rights issue ahead of nationalisation
https://www.businessdail...55100-a3xn12/index.html

@obiero get your chqbook ready!
"Kenya Airways is still considering selling new shares to small investors ahead of the carrier’s nationalisation."


Can a rights issue legally proceed before Mikosz replacement takes office ?
“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
obiero
#14090 Posted : Wednesday, November 20, 2019 5:05:02 PM
Rank: Elder


Joined: 6/23/2009
Posts: 12,772
Location: nairobi
HaMaina wrote:
VituVingiSana wrote:
KQ considers rights issue ahead of nationalisation
https://www.businessdail...55100-a3xn12/index.html

@obiero get your chqbook ready!
"Kenya Airways is still considering selling new shares to small investors ahead of the carrier’s nationalisation."


Can a rights issue legally proceed before Mikosz replacement takes office ?

Of course. The resolution was passed by the business owners
COOP 5,500 ABP12.6; HF 30,000 ABP 5.90; KCB 7,500 ABP 36; KQ 414,100 ABP 7.92
passiveinvestor
#14091 Posted : Wednesday, November 20, 2019 5:18:07 PM
Rank: Member


Joined: 12/8/2006
Posts: 103
obiero wrote:
littledove wrote:
FUNKY wrote:
obiero wrote:
VituVingiSana wrote:
KQ considers rights issue ahead of nationalisation
https://www.businessdail...55100-a3xn12/index.html

@obiero get your chqbook ready!
"Kenya Airways is still considering selling new shares to small investors ahead of the carrier’s nationalisation."

There's no other way to create equilibrium


What sense does this make? Why would government invite shareholders to buy shares in the airline and then pay the shareholders back through nationalization?

they just want to create equilibrium to avoid court cases once they settle on buyout price

I thought it was common sense.. Why do people find it hard to grasp

This is outright fraud and everyone who prepares, signs and markets the offering memorandum should be held liable. It is a GUARANTEE that they will lose money. Even if you have the right to buy shares of 0.5KES at a discount, the final offer price can still drop to 0.001!!!
obiero
#14092 Posted : Wednesday, November 20, 2019 5:23:21 PM
Rank: Elder


Joined: 6/23/2009
Posts: 12,772
Location: nairobi
passiveinvestor wrote:
obiero wrote:
littledove wrote:
FUNKY wrote:
obiero wrote:
VituVingiSana wrote:
KQ considers rights issue ahead of nationalisation
https://www.businessdail...55100-a3xn12/index.html

@obiero get your chqbook ready!
"Kenya Airways is still considering selling new shares to small investors ahead of the carrier’s nationalisation."

There's no other way to create equilibrium


What sense does this make? Why would government invite shareholders to buy shares in the airline and then pay the shareholders back through nationalization?

they just want to create equilibrium to avoid court cases once they settle on buyout price

I thought it was common sense.. Why do people find it hard to grasp

This is outright fraud and everyone who prepares, signs and markets the offering memorandum should be held liable. It is a GUARANTEE that they will lose money. Even if you have the right to buy shares of 0.5KES at a discount, the final offer price can still drop to 0.001!!!

You are assuming that the 98% stake held by GoK, KQLC, KLM, KQ ESOP shall fall to that level.. Very skewed
COOP 5,500 ABP12.6; HF 30,000 ABP 5.90; KCB 7,500 ABP 36; KQ 414,100 ABP 7.92
VituVingiSana
#14093 Posted : Wednesday, November 20, 2019 8:43:25 PM
Rank: Chief


Joined: 1/3/2007
Posts: 17,116
Location: Nairobi
obiero wrote:
passiveinvestor wrote:
obiero wrote:
littledove wrote:
FUNKY wrote:
obiero wrote:
VituVingiSana wrote:
KQ considers rights issue ahead of nationalisation
https://www.businessdail...55100-a3xn12/index.html

@obiero get your chqbook ready!
"Kenya Airways is still considering selling new shares to small investors ahead of the carrier’s nationalisation."

There's no other way to create equilibrium


What sense does this make? Why would government invite shareholders to buy shares in the airline and then pay the shareholders back through nationalization?

they just want to create equilibrium to avoid court cases once they settle on buyout price

I thought it was common sense.. Why do people find it hard to grasp

This is outright fraud and everyone who prepares, signs and markets the offering memorandum should be held liable. It is a GUARANTEE that they will lose money. Even if you have the right to buy shares of 0.5KES at a discount, the final offer price can still drop to 0.001!!!

You are assuming that the 98% stake held by GoK, KQLC, KLM, KQ ESOP shall fall to that level.. Very skewed

What's the current NAV/share of KQ?
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
obiero
#14094 Posted : Wednesday, November 20, 2019 9:03:15 PM
Rank: Elder


Joined: 6/23/2009
Posts: 12,772
Location: nairobi
VituVingiSana wrote:
obiero wrote:
passiveinvestor wrote:
obiero wrote:
littledove wrote:
FUNKY wrote:
obiero wrote:
VituVingiSana wrote:
KQ considers rights issue ahead of nationalisation
https://www.businessdail...55100-a3xn12/index.html

@obiero get your chqbook ready!
"Kenya Airways is still considering selling new shares to small investors ahead of the carrier’s nationalisation."

There's no other way to create equilibrium


What sense does this make? Why would government invite shareholders to buy shares in the airline and then pay the shareholders back through nationalization?

they just want to create equilibrium to avoid court cases once they settle on buyout price

I thought it was common sense.. Why do people find it hard to grasp

This is outright fraud and everyone who prepares, signs and markets the offering memorandum should be held liable. It is a GUARANTEE that they will lose money. Even if you have the right to buy shares of 0.5KES at a discount, the final offer price can still drop to 0.001!!!

You are assuming that the 98% stake held by GoK, KQLC, KLM, KQ ESOP shall fall to that level.. Very skewed

What's the current NAV/share of KQ?

Lala
COOP 5,500 ABP12.6; HF 30,000 ABP 5.90; KCB 7,500 ABP 36; KQ 414,100 ABP 7.92
VituVingiSana
#14095 Posted : Wednesday, November 20, 2019 9:13:26 PM
Rank: Chief


Joined: 1/3/2007
Posts: 17,116
Location: Nairobi
obiero wrote:
VituVingiSana wrote:
obiero wrote:
passiveinvestor wrote:
obiero wrote:
littledove wrote:
FUNKY wrote:
obiero wrote:
VituVingiSana wrote:
KQ considers rights issue ahead of nationalisation
https://www.businessdail...55100-a3xn12/index.html

@obiero get your chqbook ready!
"Kenya Airways is still considering selling new shares to small investors ahead of the carrier’s nationalisation."

There's no other way to create equilibrium


What sense does this make? Why would government invite shareholders to buy shares in the airline and then pay the shareholders back through nationalization?

they just want to create equilibrium to avoid court cases once they settle on buyout price

I thought it was common sense.. Why do people find it hard to grasp

This is outright fraud and everyone who prepares, signs and markets the offering memorandum should be held liable. It is a GUARANTEE that they will lose money. Even if you have the right to buy shares of 0.5KES at a discount, the final offer price can still drop to 0.001!!!

You are assuming that the 98% stake held by GoK, KQLC, KLM, KQ ESOP shall fall to that level.. Very skewed

What's the current NAV/share of KQ?

Lala
In English Laughing out loudly
What's the current NAV/share of KQ?
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
sparkly
#14096 Posted : Thursday, November 21, 2019 6:39:35 AM
Rank: Elder


Joined: 9/23/2009
Posts: 7,813
Location: Enk are Nyirobi
VituVingiSana wrote:
obiero wrote:
VituVingiSana wrote:
obiero wrote:
passiveinvestor wrote:
obiero wrote:
littledove wrote:
FUNKY wrote:
obiero wrote:
VituVingiSana wrote:
KQ considers rights issue ahead of nationalisation
https://www.businessdail...55100-a3xn12/index.html

@obiero get your chqbook ready!
"Kenya Airways is still considering selling new shares to small investors ahead of the carrier’s nationalisation."

There's no other way to create equilibrium


What sense does this make? Why would government invite shareholders to buy shares in the airline and then pay the shareholders back through nationalization?

they just want to create equilibrium to avoid court cases once they settle on buyout price

I thought it was common sense.. Why do people find it hard to grasp

This is outright fraud and everyone who prepares, signs and markets the offering memorandum should be held liable. It is a GUARANTEE that they will lose money. Even if you have the right to buy shares of 0.5KES at a discount, the final offer price can still drop to 0.001!!!

You are assuming that the 98% stake held by GoK, KQLC, KLM, KQ ESOP shall fall to that level.. Very skewed

What's the current NAV/share of KQ?

Lala
In English Laughing out loudly
What's the current NAV/share of KQ?


Shareholders' equity is negative yet elder @Obiero expects to be paid 8.52 per share by a broke GOK.
Life is short. Live passionately.
VituVingiSana
#14097 Posted : Thursday, November 21, 2019 7:22:00 AM
Rank: Chief


Joined: 1/3/2007
Posts: 17,116
Location: Nairobi
sparkly wrote:
VituVingiSana wrote:
obiero wrote:
VituVingiSana wrote:
obiero wrote:
passiveinvestor wrote:
obiero wrote:
littledove wrote:
FUNKY wrote:
obiero wrote:
VituVingiSana wrote:
KQ considers rights issue ahead of nationalisation
https://www.businessdail...55100-a3xn12/index.html

@obiero get your chqbook ready!
"Kenya Airways is still considering selling new shares to small investors ahead of the carrier’s nationalisation."

There's no other way to create equilibrium


What sense does this make? Why would government invite shareholders to buy shares in the airline and then pay the shareholders back through nationalization?

they just want to create equilibrium to avoid court cases once they settle on buyout price

I thought it was common sense.. Why do people find it hard to grasp

This is outright fraud and everyone who prepares, signs and markets the offering memorandum should be held liable. It is a GUARANTEE that they will lose money. Even if you have the right to buy shares of 0.5KES at a discount, the final offer price can still drop to 0.001!!!

You are assuming that the 98% stake held by GoK, KQLC, KLM, KQ ESOP shall fall to that level.. Very skewed

What's the current NAV/share of KQ?

Lala
In English Laughing out loudly
What's the current NAV/share of KQ?

Shareholders' equity is negative yet elder @Obiero expects to be paid 8.52 per share by a broke GOK.
Let @Obiero tell us Laughing out loudly
KQ is not Amazon with AWS or an amazing brand or a massive base of loyal customers.
Even Kenyans, like myself, shop around for tickets. We want value for our hard-earned money.

So @Obiero what's the current NAV/share and projected EPS of KQ?
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
nairobby
#14098 Posted : Thursday, November 21, 2019 4:32:47 PM
Rank: Member


Joined: 1/18/2019
Posts: 180
Location: kenya
@obiero's move could work simply because we are in a banana republic. They should not pay anything more than 0.00 for a company in negative equity.The banks got in at a tough time, they must be redeemed. This is a true kamikaze move however, I have to say..
sparkly
#14099 Posted : Thursday, November 21, 2019 7:03:20 PM
Rank: Elder


Joined: 9/23/2009
Posts: 7,813
Location: Enk are Nyirobi
nairobby wrote:
@obiero's move could work simply because we are in a banana republic. They should not pay anything more than 0.00 for a company in negative equity.The banks got in at a tough time, they must be redeemed. This is a true kamikaze move however, I have to say..


This is Hope as an investment strategy.
Life is short. Live passionately.
obiero
#14100 Posted : Thursday, November 21, 2019 7:04:18 PM
Rank: Elder


Joined: 6/23/2009
Posts: 12,772
Location: nairobi
sparkly wrote:
nairobby wrote:
@obiero's move could work simply because we are in a banana republic. They should not pay anything more than 0.00 for a company in negative equity.The banks got in at a tough time, they must be redeemed. This is a true kamikaze move however, I have to say..


This is Hope as an investment strategy.

Hope is eternal
COOP 5,500 ABP12.6; HF 30,000 ABP 5.90; KCB 7,500 ABP 36; KQ 414,100 ABP 7.92
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