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0930-1500 KENYA TIME
Normal Board - The Whole shebang
Prompt Board Next day settlement
Expert Board All you need re an Individual stock.

The Latest Daily PodCast can be found here
http://www.rich.co.ke/rctools/richpod.php

The #Star #Greed and #Fear
http://bit.ly/9CFEEs

MindSpeak Saturday Sep 25th WestGate Silverbird Cinema 1
Guest Speaker Jeff Koinange K24 CNN

Macro Thoughts

My Thoughts remain consistent.

Home Thoughts

When I was very young, I used to often sleep over at my GrandFather's
and for whatever reason, he had a very deep Faith in the Restorative
and Medicinal Powers of Vix. The Vix Aroma always reminds me of him
and my Nights spent with him and his Faithful Manservant Shirazi and
his Dachsund Jackie, who committed suicide the Day after he passed
away by leaping out of the Back Seat of the Car. We were very close,
he took me to Europe when I was 9. On Saturdays, we would travel round
Mombasa at 30 mph [[I joke you not] check on his Beach Plot and and
the takings from his rather racy DownTown Bar, which he owned amongst
other things.

President Barack Obama will attend a U.N. summit on Sudan this month,
U.S. officials said on Wednesday as they stepped up a bid to head off
conflict there before a referendum that could split the African
nation.

U.S. Ambassador to the United Nations Susan Rice said Obama had
accepted an invitation from U.N. Secretary-General Ban Ki-moon to a
September 24 meeting on Sudan on the margins of the annual General
Assembly gathering of world leaders.

"The meeting in New York will also send important signals to the
Sudanese people," she told reporters on a conference call. "It will
underscore that the international community ... expects that political
leaders will rise to the challenge of addressing the difficult issues
that still have to be negotiated if there's going to be lasting
peace."

Earlier, U.S. Secretary of State Hillary Clinton said Sudan was a
"ticking time-bomb" ahead of the vote and that the international
community must redouble efforts to head off violence there.

Conclusions

"The time frame is very short. Pulling together this referendum is
going to be difficult, we're going to need a lot of help," Clinton
said. "But the real problem is what happens when the inevitable
happens and the referendum is passed and the south declares
independence."

In a message on Wednesday marking the end of the Muslim fasting month
Ramadan, Mullah Omar called on Afghans to redouble their struggle and
push for foreign troops to withdraw, saying the Nato-led coalition was
losing the war.He said victory "over the invading infidels is now
imminent" attributing the progress to "belief in the help of Allah and
unity among ourselves"."Put all your strength and planning behind the
task of driving away the invaders and regaining independence of the
country," he told Afghan fighters.

He said "those military experts who have framed strategies of the
invasion of Afghanistan or are now engaged in hammering out new
strategies, admit themselves that all their strategies are nothing but
a complete failure".

"The expansion, momentum and success of this jihadi resistance ... has
now approached close to its destination"

Mullah Omar called on Barack Obama, the US president, to withdraw
troops "unconditionally and as soon as possible" saying it is "the
best option for regional stability".

"The expansion, momentum and success of this jihadi resistance ... has
now approached close to its destination," Reuters news agency quoted
the Taliban leader as saying in an email to media.

In a section addressing US citizens, he said: "You should know that
your rulers have continuously told you lies since the beginning of the
aggression on Afghanistan until this very day.

Conclusions

"They have wasted hundreds of billion(s) of dollars of your tax money
in the shape of financial expenditures and your manpower in
Afghanistan and have still been wasting them. You shall be witness to
another economic melt-down."

Like a drunk at a party, the bond market is starting to bump into
tables, telling off-color jokes, talking too loudly and spilling
drinks. The smart guests will steer clear before he starts screaming
at his shoes and wanders off to pray to the porcelain.

Did you think a 950 billion-euro ($1.2 trillion) emergency backstop
cobbled together by the European Union and the International Monetary
Fund in May was the answer to Europe’s debt crisis? Were you expecting
central banks to turn off the money taps as normal funding service
resumed in the banking industry? Had you hoped the heavy hand of
government would only briefly slide its interfering digits into the
folds of finance?Ireland, which proudly brewed its own flavor of
austerity medicine and swallowed the potion without demanding so much
as a spoonful of sugar, now pays a record 3.8 percentage points more
than Germany to borrow 10-year money. Spreads on Greek debt, which
triggered the crisis by revealing that it forged its euro- membership
qualifications and lied ever since, have surged to 9.5 points, a
whisker away from a record.

The U.S. and Germany, meantime, are enjoying the cheapest borrowing
costs they have ever had. That schizophrenia follows a pattern seen
before during this credit crisis, with an endgame that is all too
predictable.

Now, the bond market is differentiating between fiscally irresponsible
governments and those ostensibly big enough to weather the storm. That
seems to be missing the point -- when the brothel gets raided, even
the piano player gets arrested. All governments are tainted with the
same stain of indebtedness and profligacy, especially should a slump
back into recession undermine their debt-paying abilities.

Next week, it will be the two-year anniversary of the collapse of
Lehman Brothers Holdings Inc. Sadly, the bond market suggests the
investment community has learned none of the lessons of the misguided
adventures of recent years that prompted the biggest bankruptcy in
history.

Conclusions

The problem with hangovers is that once they fade, the prospect of
getting drunk all over again starts to seem like a great idea. This
fixed-income party will end badly.

Euro 1.2692 well-received Portuguese bond auction
Pound 1.5452
Yen 83.69 15 Year Highs = 83.32
Dollar Index 82.69
Aussie 0.9205 Strong Employment Formation
Canada 1.0386 has jumped 1% post the +0.25% Point Rate Hike
Rand 7.2207 - Rate Decision Today

"The successful Portuguese bond auction shows that while European
markets have tightened, they do remain open," said Lena Komileva, head
of G7 market economics at Tullett -

Thats a Relief then?

Euro Dollar 6 month Chart INO
http://bit.ly/aOeyYI

My Objective is 1.2380.

The Dow Industrials added 46.32 points, or 0.45% to 10387.01.

Mega-star designer Marc Newson’s foray into the cashed-up world of
luxury speedboats. As of next week, the vessels are officially on
sale, in limited edition, through the Gagosian Gallery.

Gold futures fell Wednesday, easing back from the previous day's
record-high close as concerns about European banks and economic growth
faded and investors pulled out of safe-haven positions.Gold futures
for December delivery closed down $1.80, or 0.1%, to $1,257.50 an
ounce. Earlier, they fell as low as $1,254.60. On Tuesday, gold gained
$8.20 to end at $1,259.30 an ounce, surpassing its record set in late
June.

Oil for October delivery closed up 58 cents, or 0.8%, at $74.67 a
barrel on the New York Mercantile Exchange. It had opened lower, then
had risen as high as $75.42 a barrel before the 2 p.m. release of the
Fed's Beige Book.

Last Price    193.10
Contract High    194.85
Contract Low    121.75
First Delivery    2010-09-30
Expiration    2010-09-20

Conclusions

The Charts signal higher Prices.

"The bun is in the oven," reads the sign outside.

Mini Baba Rum.

Chocolate Rasberry Cake.

The Philippine benchmark stock index surged to a record and the peso
touched a two-year high after an unexpected pickup in exports,
brightening the economic outlook and spurring inflows.The Philippine
Stock Exchange Index jumped 2.6 percent to 3,902.56 at the noon close
in Manila, the most since May 28. The gauge rose for the eighth day,
the longest streak since March 2009. The peso gained 0.4 percent to
44.09 per dollar, the strongest level since August 2008, according to
prices from inter-dealer broker Tullett Prebon Plc.

Exports soared 35.9 percent in July as the global recovery sustained
demand for electronics goods. President Benigno Aquino aims to expand
the economy by 7 percent to 8 percent annually from 2011 to cut
poverty and boost incomes. The peso has climbed 5.2 percent this
quarter, leading Asian emerging-market currencies, and the stock index
has surged 28 percent this year, the most among the 15 biggest Asia
Pacific markets.

“There’s a strong belief that we are entering a significant bull
market backed by fundamentals,” said Michael Garcia, who manages 22
billion pesos ($499 million) at Union Bank of the Philippines
including the top-performing stocks fund. “Breaking the record barrier
sets the stage for a new run.”

Rising exports helped drive Philippine economic growth of 7.9 percent
in the last quarter, the fastest pace in three years. Asia’s
developing economies will expand 9.2 percent this year, outpacing
growth of 1 percent in the 16-nation euro region and 3.3 percent in
the U.S., according to International Monetary Fund estimates published
July 8.

Economic expansion and earnings growth of 23 percent this year will
push Philippine stocks into a “massive bull market,” Alex Pomento, a
strategist at Macquarie Group Ltd., said on Sept. 6 in Manila. The
benchmark index will extend gains to 4,500 in 2011, he said.

“The consensus is the Philippine economy will continue to grow and
corporate earnings will continue to surprise on the upside,” Union
Bank’s Garcia said.

PHILIPPINE SE IDX All Time Closing High +27.85% 2010
http://bit.ly/btXl1b

Value3,902.56   
Change97.830    
% Change2.571

IN CONTRAST to the scrutiny afforded President Paul Kagame of Rwanda,
Uganda's president, Yoweri Museveni, has been treated kindly by
international media. But that may change now that he has announced he
is running for another term as president in elections due in 2011. At
some point, a closer examination is due.Uganda is not as oppressive as
Rwanda and is not implicated to the same extent in the bloodletting in
neighbouring Congo. But it cannot boast the same success. Peace is
holding in troubled north of the country, but the economy there
remains in a pitiful state. Joseph Kony, the messianic and sadistic
leader of the Lord's Resistance Army, which displaced a million people
in the north and butchered thousands more, remains at large. Mr
Museveni takes no responsibility for that failure.

At a recent Youth Day parade, Mr Museveni sought to win over angry
unemployed young men with a promise to lower the retirement age in the
civil service to 55 (he is 66, but would be exempt). The government
might create 40,000 new jobs with the move, but that is not nearly
enough for a country that needs to create 400,000 jobs each year to
stand still.

Mr Museveni has been careful to prevent any younger candidates
building up a power base that could challenge him. He appears
determined to stay until 2016

Conclusions

Aly-Khan Satchu wrote:
Sep 8th 2010 4:06 GMT

I think there cannot even be a Sliver of Doubt that President Museveni
will seek to remain in Power until 2016, as you note. I calculated
that The Oil currently declared 800m Barrels [but most think this
could be a Serious UnderCount] x $75.00 = An Economic Value of $60b,
that is worth 705% of the Annual Uganda GDP. Given the transformative
Nature of the Albertine Basin Oil Find, I would have thought that Few
Incumbent Presidents would be keen to swan off into the Sunset, just
before it all takes off?
Aly-Khan Satchu
www.rich.co.ke

Nigerian President Goodluck Jonathan replaced the heads of the
military and security services on Wednesday, consolidating his hold on
power months before elections in Africa's most populous
country.Jonathan promoted former air force chief Air Marshal Oluseyi
Peterin to Chief of Defence Staff and named new heads of the air
force, army and navy. He also removed the Inspector General of Police
and head of the State Security Service.

"Mr president thanked them for their dedication to the service of the
nation and wished them well in their future endeavours," presidency
spokesman Ima Niboro told reporters in the presidential villa in
Abuja.

An election bid by Jonathan, who is from the southern Niger Delta,
could be divisive due to a ruling party pact that power rotates
between the Muslim north and Christian south every two terms, meaning
the next president should be a northerner.

Conclusions

The President starts to make his Moves.

Nigeria’s stock exchange approved a 22.09 trillion-naira ($14 billion)
listing of Dangote Cement, the nation’s biggest producer of the
building material, which will increase the bourse’s market
capitalization by 37 percent.The company will be created out of the
merger of Dangote Cement and Benue Cement Co., the Lagos-based bourse
said in an e-mailed statement today. A total of 15.5 billion shares
for the will be listed at 135 naira each, the exchange said, without
giving further details. Afrinvest (West Africa) Ltd. will introduce
the issue, according to the statement.

The Nigerian bourse, sub-Saharan Africa’s second-biggest after South
Africa’s, currently has a market value of $37.2 billion. Dangote is
owned by Nigerian billionaire Aliko Dangote, whose Dangote Group has
interests Dangote Sugar Refinery Plc, National Salt Co. Nigeria Plc,
logistics and real estate.

“It is a very important development because it will boost confidence
in the market,” Bismarck Rewane, chief executive officer of
Lagos-based Financial Derivatives Co., said by phone from London
today. “The listing is another opportunity for investors to
participate in a company that has become the leading producer of
cement in Africa.”

Dangote Cement has projects and operations in Nigeria, Benin, Senegal,
Zambia and Ghana.

Conclusions

Its a very Big Morsel but Cement is something of a No Brainer.

Nigeria All share Bloomberg Visual +14.49% 2010
http://bit.ly/9Hd48M

Value23,845.24   
Change-111.290    
% Change-0.465

Conclusions

Some 14.802% off its 2010 Highs from May 2010.

Standard Bank, which is 20 percent owned by ICBC, is targeting the
increasing trade flows between Asia and the resource-rich continent.It
currently has about 40 bankers working in China with ICBC, but has
struggled to generate revenue from the fast-growing Asian country, he
said.

"We definitely would have thought by now we would have converted more
of those deals into revenue," Maree said.

"So we are disappointed."

Revenue from the tie-up with ICBC totalled around $38 million in the
six months to end-June, down from about $47 million a year earlier, he
said.

Standard Bank could face a threat from HSBC, Europe's biggest bank,
which is in exclusive talks to buy South African lender Nedbank.

"When someone like that comes onto your patch, you better sit up and
take notice," he said, citing HSBC's global network and strength in
corporate and retail banking.

"It is hard to see how (HSBC's acquisition) would be good for us."

Standard Bank share price data Bloomberg
http://bit.ly/c7g8tE

Price10,361.000   
52-Wk High (07/27/10)11,900.000   
52-Wk Low (11/06/09)9,250.000
1-Yr Return11.672
Shares (Millions)1,560.507   
Market Cap (Millions)161,684.100   
Earnings7.575   
Price/Earnings12.719   

Conclusions

Remains inexpensive on a PE Basis but Maree is self evidently feeling
the Hot Breath of Competition in his BackYard.

Value27,911.14   
Change245.850    
% Change0.889

Conclusions

Doing a Lot of Work around here.

This year 14 former French African colonies celebrate 50 years of
independence. Paris dedicated its Bastille Day celebrations to these
countries but there was one notable absentee: Laurent Gbagbo, the
Ivorian president. It seemed that the once favoured West African
nation had turned its back on its former colonial master.

"I think there's nothing to celebrate because after 50 years of
independence ... we have a country which is divided in two. We have
poverty, we have war, we don't have election[s], and we don't know
where we are going," author and journalist Venance Konan says.
Gbagbo cancelled scheduled elections for the sixth time in five years.
Riots inflamed his home town of Gagnoa and five people were killed.

In the years following independence in 1960, the country became known
as a bastion of peace and prosperity in an otherwise turbulent
region.It blossomed on the wealth of the cocoa plant. Investment
flowed in and the Ivorian miracle became the envy of the continent -
and Boigny claimed the credit.When times were good, this policy of
integration paid dividends, as the Ivorian GDP reached a peak growth
of 360 per cent in the 1970s. But by the end of the decade global
cocoa prices collapsed and the Ivorian economy began to
suffer.Following Boigny's death in 1993, his successor, Henri Konan
Bedie, was quick to capitalise on the growing racial tension.A new
term entered Ivorian politics. Ivoirite, a term that distinguishes so
called 'real' Ivorians from those with a 'mixed' background.Based on
this concept a new law banned anyone whose parents were not born in
the Cote d'Ivoire from standing for the 1995 presidential elections.
Thousands were forced into exile and 26 per cent of the population
were suddenly denied the right to vote. Most of those excluded were
from the north of the country and originating from Mali and Burkina
Faso.

"You cannot keep a quarter of out of the political game. That was the
main problem. Who, nowadays, who is Ivorian, who is not Ivorian? We
don't know. We don't have the answer," Venance says.

The country remains divided, with the Force Nouvelle controlling the
north and Gbagbo's government the south.

"We should sit and settle this problem. In Cote d'Ivoire there are 20
million inhabitants: Two million Guineans, four million Burkinabe,
three million Malians, that's already nine million; 500,000 Lebanese,
500,000 Mauritanian, there are one million from Niger, one million
Senegalese, 1,000,000 Nigerians, plus Ghanians, people from Benin,
Cameroon etc. If we decide to count after removing all these people,
there would be maybe five Ivoirians left," Adama says.

One of the world’s most celebrated sculptors comes to New York with
highlights from his acclaimed cloth series. El Anatsui's jaw-dropping
installations have provoked a frenzy of international attention in
recent years, with institutions and audiences clamouring for these
sumptuous, mesmerising cloths made from thousands of aluminium liquor
bottle tops.

When local distilleries in Nigeria recycle each other's bottles, the
screw caps associated with each brand are discarded in the process. By
collecting these materials, and laboriously sewing them together with
copper wire, Anatsui’s transformative process aims to "subvert the
stereotype of metal as a stiff, rigid medium and rather showing it as
a soft, pliable, almost sensuous material capable of attaining immense
dimensions and being adapted to specific spaces" (Anatsui 2005).

Conclusions

I think This Man is going to TIP BIG.

LA MISERE, Seychelles—The president of the oil-rich United Arab
Emirates has sent millions of military and financial aid to this tiny
East African archipelago, a longtime get-away for the rich and
famous.But it's the construction of his private residence here—a
seven-story, mountain-top palace with a 360-degree view of the
surrounding Indian Ocean—that's getting all the attention these days.
More than 8,000 residents, claiming their water source was tainted by
sewage and diesel runoff from the construction site, are demanding
more than $10 million in compensation from Sheikh Khalifa bin Zayed
al-Nayan and a Dubai-based construction company he hired to build the
palace.

Kenya's central bank will auction a two-year government bond worth 13
billion shillings ($160 million) in an auction process concluding on
Sept. 22, traders said on Wednesday.

"The coupon will be determined after the auction," said Fred Mweni,
director at brokerage Tsavo Securities.The sale period will be Sept
10-21 and the auction will conclude on Sept 22, traders said.Mweni
said the central bank planned to introduce new auction rules including
one that allows it to take any money at the cut off yield, whether or
not commercial banks had bid at a higher yield.

Conclusions

Its been a Sweet Spot for the Domestic Bond Market at its Issuer in
Chief the Government of Kenya.

Value77.92   
Change0.030    
% Change0.039

4.964% Draw Down from 2010 Closing High 9th August.

UK explorer Tullow Oil has taken a Sh2.7 billion bet on Kenya’s oil
prospects through an exchange of licences with cash-strapped Canadian
firm Africa Oil.The two firms reached an agreement last week that
gives UK listed Tullow Oil rights in four exploration blocks: 12A and
10BB near Isiolo and 10A and 13T in Turkana.Under the agreement,
Tullow Oil will pay $10 million (Sh800 million) to Africa Oil as
compensation for half of the money so far spent on the blocks, giving
it a 50 per cent stake in the venture.

“It is in our interest to have a company with the stature of Tullow
Oil. They believe there is something in Lake Turkana,” said Energy
permanent secretary Patrick Nyoike.

ERC Director-General Kaburu Mwirichia said KenolKobil had obtained the
court order after the grace period lapsed, thus voiding its
application.The oil marketer had moved to court on Friday seeking to
block ERC from cancelling its licence pending the hearing and
determination of its case pending in court.

“We gave them a notice that expired on Tuesday (August 31). They
obtained the court order on Friday (September 3) 5pm when we had
already taken action on Thursday (September 2),” Mr Mwirichia said.
“They can do other businesses but they cannot import petrol, diesel,
kerosene and jet fuel for this market.”

Suspension of the import licence would effectively push it out of the
fuel business, in which it is second after Total, with close to 150
retail outlets spread across the country.

KenolKobil share Price data www.rich.co.ke
http://bit.ly/2DMFVE

Par Value:                  0.50/-
Closing Price:          8.85
Total Shares Issued:          1,471,761,152
Market Capitalization:        13,025M
EPS:            0.88
PE:                10.057

Kakuzi Ltd. (KKZI KN), a tea and fruit producer, added 4 shillings, or
5.1 percent, to 82.5 shillings, the highest since Aug. 31. Tea
companies in Kenya, the world’s largest exporter of the leaf’s black
variety, advance on speculation prices will climb after pests damaged
crops in India, Eric Musau, a research analyst with Nairobi-based
African Alliance, said by phone. Kapchorua Tea Co. (KPTC KN) gained
the most in more than a month, rising 5 shillings, or 3.9 percent, to
135 shillings. George Williamson Kenya Ltd. (GWKL KN) rose 3
shillings, or 1.6 percent, to 188 shillings, the highest in a week.
Sasini Ltd. (STCL KN), a tea and coffee grower, increased for the
first day in four, rising 0.8 percent to 13.15 shillings.

Kakuzi share price data www.rich.co.ke 1 Year Return +158.928%
http://bit.ly/5bxXIz

Par Value:                  5/-
Closing Price:          78.50
Total Shares Issued:          19,600,000
Market Capitalization:        1,539M
EPS:            17.34
PE:                4.527

52 week High 104.00.

George Williamson Tea share price data www.rich.co.ke +135% 12 months
http://bit.ly/5sMXh0

Par Value:                  5/-
Closing Price:          184.00
Total Shares Issued:          8,756,320
Market Capitalization:        1,611M
EPS:            96.42
PE:                1.908

Kapchorua Tea share price data www.rich.co.ke +65.669% 12 months
http://bit.ly/6SO7T2

Par Value:                  5/-
Closing Price:          130.00
Total Shares Issued:          3,912,000
Market Capitalization:        509M
EPS:            35.60
PE:                3.652

Sasini Tea and Coffee share price data www.rich.co.ke +118.867%
http://bit.ly/3hp0I2

Par Value:                  1/-
Closing Price:          13.05
Total Shares Issued:          228,055,504
Market Capitalization:        2,976M
EPS:            2.30
PE:                5.674

Conclusions

Look at the PE Ratios and I think the Forward Tea Price Curve [And it
belongs in the Breakfast Commodity Index] will remain elevated for far
longer than Investors have allowed. These PE Ratios are only justified
if You believe Tea Prices are set to move back to their Long Term
Moving Average. I see 0 Chance of that Probability.

Eaagads Ltd share price data www.rich.co.ke Coffee Pure Play +177.078% 2010
http://bit.ly/9gl6E3

Coffee Prices are at 15 Year Highs.

1.      Users are majority male (71%)
a. Teenagers (15-20 years old) form a large portion (32%) of mobile surfers, but
b. The workforce makes up the majority (67%); the single largest age
group is between 20-25 years old and make up 43% of respondents.
c. Of these 29% are female and 71% are male.
2.      Among users the student population is high (39%).
a. Of those who work, 20% are self-employed, running their own
businesses or as freelancers.
b. Another 16% work as service personnel or perhaps as administrative
or sales assistants.
3. The top three handsets are Nokia (41%), Motorola (14%) and Samsung (10%).
4. More than 75% of Kenyans use the mobile Internet to communicate
with friends (via chat, moblogs, discussion forums, etc.),
a. 11% surf the mobile Internet for entertainment (to play games,
listen to music and watch videos); six percent surf for information.
b. 94% of Kenyan users access the mobile internet at least once a day
and some 45% go online more than 5 times a day.
c.  One-third spend at least one hour online each session.
5. Most users (82%) have made purchases via their phones;

6.  Among their latest purchases are prepaid airtime (39%), mobile
content (19%) and bill payments (10%). Most of these purchases (57%)
were charged to their phone accounts while 27% of users elected to pay
at the venue.
10.While users surf throughout the day, surfing activity peaks in the
early (26%) and late (41%) evenings. Surfing activity is low but
evenly spread out earlier in the day but starts to rise in the
mid-afternoon (14%).

CDM has developed a beer recipe that uses cassava starch, replacing
traditional ingredients such as malted barley, sugar and corn,
Liversage said. Cassava is a tuber crop, like the potato. Tapioca is a
root starch derived from the vegetable.

“As far as we know, cassava is not currently used in the commercial
production of beer anywhere,” Liversage said. “The hope is that
Mozambique will be the first market in the world to welcome the
product.”

The NSE20 eased 14.87 points to close at 4457.47.
The NASI was down 0.18 points at 95.38.
Market Cap was 1.129651 Trillion versus 1.131701 Trillion.
Equity Turnover was 250.799m versus 341.375m.

Interest has been piqued in the Industrial Sector which might be
Domestic Banks taking their Bond Market gains and putting it to work
in the Equity Markets.

Sasini Tea and Coffee was unchanged at 13.15 and traded 47,800 shares
with Demand 4 x That Figure.
Kakuzi traded 400 shares at 81.00.
Rea Vipingo did not trade.

SAFARICOM

shares volume     1,914,800
total turnover      9,289,365
avg price     4.85 Closing Price 4.85 -2.02%
high price     5.00
low price     4.80
last price     4.80

Conclusions

Safaricom did not rank in the Top 5 traded counters and came back
2.02% to close at 4.85. This a 'Bottoming Out' Process after an
Overreaction but I do not see much downside from here. The Question is
when someone will forcefully clear the Supply through 5.00. Safaricom
is oversold at these Levels.

TPS Serena rallied 2.54% to close at 60.50 and traded a 59.00-62.00
range and 303,400 shares worth 18.475m. TPS Serena has rallied 76.886%
over the last 12 months on strengthening Tourism and this is a 26
month Closing High.

TPS Serena share price data www.rich.co.ke
http://bit.ly/5Ve4gj

Par Value:                  1/-
Closing Price:          59.00
Total Shares Issued:          123,508,864
Market Capitalization:        7,287M
EPS:            3.60
PE:                16.389

ScanGroup firmed 0.93% to close at 54.50 and match its all Time
Closing High. ScanGroup traded a 53.50-55.00 range and 163,000 shares
worth 8.902m. ScanGroup has rallied sharply and gained added Momentum
via the Ogilvy Transaction and the very quick translation into the
Airtel/Zain SSA win.

ScanGroup shares price data www.rich.co.ke
http://bit.ly/c1tljc

Nation was unchanged at 158.00 and trading at 160.00 +1.27% into the
close. Nation traded 17,900 shares.
Standard did not trade.

Access Kenya retreated 0.852% to close at 17.40 and traded a
17.30-17.65 range and 57,600 shares.

Kenya Airways was unchanged at 46.50 and traded 18,300 shares only.

CMC Holdings firmed 2.02% to close at 12.65 and traded 15,600 shares.
CarGen did not trade.

COOP Bank has a 4-1 Demand versus Supply Disequilibrium. COOP firmed
1.836% to close at 16.60 and traded a 16.45-16.80 range and 458,800
shares. COOP Bank has posted a 78.818% 12 month return and is 7.26%
off its all time High Print of 17.90.
Equity Bank was unchanged at 25.25 and traded 519,600 shares worth
13.164m with Demand for 400% of what was traded signalling strong Buy
Side Interest at these price Points.
Barclays was low ticked a further 2.4% to close at 61.00 and traded
26,400 shares. We have breached the Lower end of the Range of
62.50-70.00 but the Bona Fides are in question of that Breach because
it has been on very low Volume.
KCB closed at 18.90 and traded 221,400 shares with a Block of 6m
shares being offered for sale above the Market and effectively capping
it. KCB traded 221,400 shares.
StanChart was unchanged at 251.00 and traded just 3,300 shares.

DTB was unchanged at 110.00 and traded 38,700 shares.
CFC StanBic firmed 2.3% to close at 89.00 and traded 6,400 shares.
HFCK dipped 1.04% to close at 23.75 and traded 82,900 shares.
NBK closed lower at 39.00 and traded 48,500 shares.
NIC eased 2.2% to close at 44.50 and traded 15,300 shares.

Centum was unchanged at 22.50 and traded 77,400 shares.

Kenya Re was unchanged at 12.10 and traded 191,300 shares.
Jubilee traded 2,600 shares at 192.00 +0.52%.
PanAfric did not trade.

Olympia Capital traded 200 shares at 7.50.

Athi River Mining was the most active Counter at the Bourse and firmed

0.6% to close at 168.00 which matches its all Time Closing High of 9th
August This year. ARM traded 462,400 shares worth 77.783m. ARM has
posted a 85.709% return over 12 months.

Athi River Mining share price data www.rich.co.ke
http://bit.ly/4slEGv

Par Value:                  5/-
Closing Price:          167.00
Total Shares Issued:          99,055,000
Market Capitalization:        16,542M
EPS:            6.52
PE:                25.613

Bamburi Cement firmed 1.49% to close at 204.00 and traded 61,200
shares worth 12.484m. Bamburi Cement is +42.556% over a 12 month
period and 204.00 is a 3 and a Half Year closing High.
Portland did not trade.

Mumias Sugar traded 2nd at the Bourse. Mumias Sugar firmed 1.624% to
close at 12.50 and traded a 12.40-12.70 range and 2.729m shares worth
34.136m. Mumias has some Good Headwinds, namely Rising Raw Sugar
Prices and the Ethanol Piece looks to be falling into place now.

Mumias Sugar share price data www.rich.co.ke
http://bit.ly/4WJWWK

Par Value:                  2/-
Closing Price:          12.30
Total Shares Issued:          1,530,000,000
Market Capitalization:        18,819M
EPS:            1.05
PE:                11.714

KPLC traded 3rd at the Bourse. KPLC firmed 1.888% to close at 216.00
and was trading at 218.00 +2.83% session highs into the close. KPLC
has returned 82.753% over 12 months and this is a 26 month Closing
High. KPLC traded 114,000 shares worth 24.719m.

Kenya Power share price data www.rich.co.ke
http://bit.ly/BLiwX

KenGen improved 5 cents to close at 17.30 and traded 122,600 shares.
Cables firmed to close at 18.25 and traded 101,500 shares.

KenolKobil slipped 5 cents to close at 8.95 and traded a 8.90-9.00
range and traded 356,300 shares. KenolKobil has retreated 17.889% from
10.90 Highs and the retreat has been correlated with the Intense
Argument with the Refinery and the Ministry. They are unable to
process their Fuel at the Refinery, their Court Order was time barred.
The Share Price is not countenancing a 'Dooms Day' Scenario and
Shareholders have been disciplined to date.
Total eased 0.8% to close at 31.00 and traded 16,600 shares. The 1st
Half Results were strong and the Price looks cheap.

EABL rose 0.57% to close at 176.00 and traded a 176.00-180.00 range
and 41,400 shares.

BAT was unchanged at 262.00 and traded 700 shares.
BOC Kenya traded 400 shares at 140.00 and unchanged.
Carbacid rallied 5.26% to close at 160.00 and traded 1,400 shares.
Crown Berger was unchanged at 37.00 and traded 2,000 shares.
Eveready was unchanged at 3.90 and traded 34,100 shares.
Sameer bounced 3.6% to close at 8.60 and was trading at 9.10 +9.64%
into the Finish. 119,900 shares were traded.
Unga closed at 13.00 and traded 30,500 shares.