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KQ’s retail investors hit by steep ownership cut
From left, NSE vice chair Bob Karina, Kenya Airways CEO Sebastian Mikoz, NSE chief executive Geoffrey Odundo and Kenya Airways acting finance director Hellen Mwariri are taken through the trading of KQ shares by a trader of Kestrel Capital (seated) on November 29, 2017. PHOTO | SALATON NJAU | NMG
Retail investors in Kenya Airways #ticker:KQ were last Friday grappling with the sudden realisation that a recent reorganisation of the airline’s capitalisation had cut their number of shares in the firm by more than half.
The investors said the shrinkage in their stakes had made it impossible to take profits in the wake of a recent skyrocketing in the stock price at the Nairobi Securities Exchange (NSE) #ticker:NSE.
