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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 Reflections on Life, Treasury Bills and the Referendum
http://j.mp/a0FTVm

By the Way, if you have been trying to communicate with me via this
email alykhan@rich.co.ke, Please note it has been infected, for about
8 days.

Macro Thoughts

I think You can sell the Euro on bounces as close as possible to 1.2723.

Home Thoughts

The Little One has become Minx Like. Last Night, she gotten seriously
cross, was telling us all she was leaving us and off to live with
Selena Gomez [There was no other further Explaination]. Then she says

You are all very very embarassing and embarassing is not a Good Word.

She was so pleased with her New Word that she sort of got carried away
with playing it for different emphasis.

Yesterday, I noticed her use some bad language and when I enquired in
my most level Voice whether I had really heard what I had heard, she
in a wonderful sleight of language approximated the Words with
something entirely different. Then I raise an Eyebrow, she
acknowledges her Misdemeanour non verbally and asks me to stand back a
few Feet. I have placed her on top of the Kitchen Table.

And she starts these extraordinary and flamboyant Dives into my Arms.
It was heart stopping and thrilling. And she is telling me,

'I love you Dad.'

And My Mind went back to some Comments of Hugh Hefner [who is trying
to take Playboy private] NYT Style
http://j.mp/aj3a11

I think there is no single answer, no single road to Mecca.

We also somehow ended watching Crime and Investigation which had this
Documentary about the Cholmondeley Delamere Case. Carl 'Flash' Tundo,
Soysambu, Fred Ojiambo, the Court Room. At one Point, Tom's other Half
is describing a time in 2008 when she had gone to visit him. She was
saying she had had to make her way through Riots and eventually
reaches him. And all he can say is they have taken my favourite Cup.

Dagong Global Credit Rating Co used its first foray into sovereign
debt to paint a revolutionary picture of creditworthiness around the
world, giving much greater weight to "wealth creating capacity" and
foreign reserves than Fitch, Standard & Poor's, or Moody's.

The US falls to AA, while Britain and France slither down to AA-.
Belgium, Spain, Italy are ranked at A- along with Malaysia. Meanwhile,
China  rises to AA+ with Germany, the Netherlands and Canada,
reflecting its €2.4 trillion (£2 trillion) reserves and a blistering
growth rate of 8pc to 10pc a year.

Dominique Strauss-Kahn, chief of the International Monetary Fund,
agreed on Monday that the rising East is a transforming global force.
"Asia's time has come," he said.

The IMF expects Asia to grow by 7.7pc in 2010, vastly outpacing the
eurozone at 1pc and the US at 3.3pc. Emerging nations hold 75pc of the
world's $8.4 trillion (£5.6 trillion) of reserves.Dagong rates Norway,
Denmark, Switzerland, and Singapore at AAA, along with the commodity
twins Australia and New Zealand.

Chinese president Hu Jintao said in April that the world needs "an
objective, fair, and reasonable standard" for rating sovereign debt.
Dagong appears to have stepped into the role, saying its objective was
to assess countries using methods that would "not be affected by
ideology".

Conclusions

Sounds right.

WASHINGTON—In claiming responsibility for Sunday's deadly bombings in
Uganda, the Somali group al Shabaab appeared to raise its sights from
running large swaths of one of Africa's most lawless countries to
embracing al Qaeda's call for global jihad.

The triple bombing in Kampala, which left 76 dead, would mark the
first foray beyond war-torn Somalia by a group whose primary focus for
years was to impose a radical Islamist agenda inside Somalia. The
attacks show what Africa and terror experts say is the growing
influence in the group of foreign fighters with ties to Osama bin
Laden's global terror network.

"The links between al Qaeda and al Shabaab are stronger," said David
Shinn, the former U.S. ambassador to Ethiopia and an expert on al
Shabaab. He and a U.S. counterterrorism expert said the two groups
work together to train operatives.

Al Shabaab's force numbers a few thousand fighters, by some estimates,
to more than 10,000.

Al Shabaab leader Sheikh Ali Mohamed Hussein, seated, speaking in May
near national-security buildings seized by the group in Mogadishu

Conclusions

It was actually widely telegraphed. It is surely set to stir a
Hornet's Nest within Diaspora Somalians in African Cities and that it
is probably seen by the Al Shabaab as supportive. The C21st is very
asymettrical. Suicide Bombers are the Epitomy of that Asymettry.
Aly-Khan Satchu
www.rich.co.ke

Euro 1.2590
Pound 1.5024
Dollar Index 84.20
Higher Beta
Aussie 0.8731
South Korean Won 1209.20
Rand 7.5915 - I expected some Fatigue and a move lower

The dollar gained against most other currencies Monday amid concerns
over the U.K.'s credit outlook and trepidation ahead of a slew of
government debt auctions in Europe.The spotlight returned to Europe as
euro-zone governments, including Spain and Greece, gear up to sell
around €30 billion in debt this week.

The dollar gained against most other currencies Monday amid concerns
over the U.K.'s credit outlook and trepidation ahead of a slew of
government debt auctions in Europe.

The spotlight returned to European financial woes, after several weeks
in which investors concentrated on the health of the U.S. recovery as
euro-zone governments, including Spain and Greece, gear up to sell
around €30 billion in debt this week. A lack of economic and corporate
news from the U.S. also helped keep the focus firmly on the common
currency.

Greece will auction €1.25 billion in 26-week bills Tuesday, according
to Dow Jones Newswires. f the auction doesn't go well, Greece will
probably be backstopped by the EU and IMF.

The British pound declined to $1.5036 from $1.5067 Friday, slipping
back into negative territory after Standard & Poor's affirmed its AAA
sovereign credit rating, but also maintained a negative outlook. - I
like the Pound and think it best to look at the Crosses.

Conclusions

I think You sell the Euro as close to 1.2723 as You can.

Euro versus Sterling INO 1 Year Chart
http://j.mp/bEiTOs

Dow up marginally. Intel Earnings Release.

Share Price     398.95p Price Up
Change Today     +34.15p
% Change     +9.36%
52 Week High     655.40p
52 Week Low     302.90p
Volume     87,488,301
Shares Issued     18,790m
Market Cap     £74,961m

Conclusions

Talk that BP might sell assets boosted its stock.

Most golfers remember their eureka moment, and if they don't it's
probably because they started playing as a kid, when a lot of the good
stuff gets forgotten.

I definitely remember mine. It happened about 25 years ago at a
corporate retreat in the Colorado Rockies. As part of the bonding
activities, I was playing my first round of golf in a dozen years and
more or less accidentally hit a drive that seemed to rocket off into
the stratosphere: impossibly high and impossibly far. The high
altitude magnified the distance it went, but I didn't care. Within a
week I bought a new set of golf clubs.

Once someone has experienced his or her Shot, there's no going back.
We hunger for more like that, and each subsequent taste—one or two
perfect shots per round if we're lucky, or maybe only a handful per
season—only serves to make our appetite more ravenous.

Conclusions

My Sweetest Shot was played here at the Front Club Mombasa
http://j.mp/a1TSZp

Imagine the typical office birthday party.

It's after lunch, so everybody is full. Then, in comes a luscious
chocolate confection. The sight, the smell—even the sound of the word
"cake!"—stimulate the reward-and-pleasure circuits of the brain,
activating memory centers and salivary glands as well.

scientists are using sophisticated brain-imaging technology to
understand how the lure of delicious food can overwhelm the body's
built-in mechanism to regulate hunger and fullness, what's called
"hedonic" versus "homeostatic" eating.

Conclusions

'Hedonic' Eating just sounds fabulous.

Crude-oil futures settled lower Monday as investors waited for more
clues and no catalyst emerged to take prices higher following last
week's 5.5% gains.Crude for August delivery lost $1.14, or 1.5%, to
$74.95 a barrel on the New York Mercantile Exchange. It was oil's
lowest close in three sessions.

Last Price    16.96
Contract High    19.86
Contract Low    11.84

Conclusions

Looks Very Bullish to me.

China’s stocks fell, with the benchmark index declining the most in
two weeks, after the government quashed speculation it will abandon
real-estate curbs that drove property prices lower for the first time
in 16 months.

“It’s hard to believe that the government would reverse its crackdown
on the property industry so quickly and anyone who hoped so is now
disappointed,” said Zhang Ling, a fund manager at Shanghai River Fund
Management Co.

The Shanghai Composite Index, which tracks the bigger of China’s stock
exchanges, lost 47.91, or 1.9 percent, to 2,442.91 as of 1:05 p.m.,
set for the biggest decline since June 29. The CSI 300 Index fell 2
percent to 2,621.73.

The Shanghai Composite jumped 3.7 percent last week, the most this
year, on speculation the government will adopt a looser monetary
policy. The gauge has slumped 25 percent in 2010, making it Asia’s
worst performer, on concern government efforts to curb inflation and
property speculation will slow the economy.

China’s property prices fell 0.1 percent in June from the previous
month, ending 15 months of gains, statistics bureau data showed
yesterday. New lending of 603 billion yuan ($89 billion) last month
was the least in three months, the central bank said July 11.

The Ministry of Housing and Urban-Rural Development reiterated that it
will maintain curbs on speculative purchases and increase market
supply. The statement was in response to media reports that said China
may abandon its current property policies, it said.
China’s banking regulator said it has made no changes to policies on
home loans, according to a statement late yesterday. The regulator
called on commercial banks to strictly enforce home loan rules, it
said.A measure of property stocks on the Shanghai Composite slumped 3
percent, the most among the five industry groups. The real-estate
gauge jumped 2.6 percent yesterday after the Southern Metropolis Daily
reported China may loosen curbs on third-home loans. Some Chinese
banks have eased standards for mortgage lending, at least on a
case-by-case basis, Credit Suisse Group AG said in a report yesterday.

Property investment accounts for about 10 percent of gross domestic
product and construction consumes half of the nation’s output of steel
and 36 percent of the aluminum that it makes, JPMorgan Chase & Co.
estimates.

Conclusions

I actually think the China SSE Index is a Buy now and that Talk of a
Property Crash overblown.

Index Value:    2,453.41
Trade Time:    2:05AM EDT
Change:    Down 37.31 (1.50%)
Prev Close:    2,490.72
Open:    2,468.69
Day's Range:    2,439.24 - 2,468.69
52wk Range:    2,319.74 - 3,478.01

Conclusions

Sell Puts at 2,000 and 2,100.

Zambia has cut its economic growth forecast for 2010 to 5.8 percent
from 7 percent due to the possibility of a sluggish global economic
recovery, Finance Minister Situmbeko Musokotwane said. The government
and Bank of Zambia are also aiming for inflation of 8 percent by the
end of the year, Musokotwane said in a letter to the International
Monetary Fund seen by Reuters on Monday. Annual inflation stood at 7.8
percent in June, slowing steadily from double-digit rises last year.

Despite the lower economic growth forecast, outlined in the June-dated
letter, senior Treasury officials said growth was likely to come in
above the new forecast.

"We revised the target downwards because of the global economic crisis
but agriculture and mining have performed very well and we expect to
grow the economy beyond 5.8 percent," Likolo Ndalamei, Secretary to
the treasury, told Reuters.

"As agricultural output reverts to trend levels, real GDP growth is
expected to fall marginally to 5.8 percent in 2010 before rising to 6
percent thereafter," Musokotwane said.

Conclusions

I am sure they will post a number North of 5.8%.

Value27,192.31    
Change-80.000     
% Change-0.293

Conclusions

On a PE Basis it looks a very square Price.

Conclusions

I expect some Fatigue and a move lower, from here.

6,522.01

Conclusions

Looks as if it has rebased again for another Move Higher.

Massmart Holdings Ltd., South Africa’s biggest food and general goods
wholesaler, bought control of M Pupkewitz & Sons (Pty) Ltd., a
Namibian hardware retailer, Fin24.com reported.The transaction is
still awaiting approval from Namibian antitrust authorities, the
Johannesburg-based news website reported, citing Massmart Corporate
Affairs Executive Brian Leroni.

A male lion. National parks such as the Masai Mara in Kenya and the
Serengeti in Tanzania have seen populations of large mammals decline
by up to 59% in recent decades. Photograph: Frans Lanting/Corbis

Africa's extensive network of national parks is failing to stem the
decline of large mammals, according to a new study that highlights
biodiversity loss across the continent.Populations of large mammals
such as zebra, buffalo and lion have declined by an average of 59%
since 1970, according to the research, which collated data from parks
including popular tourist safari destinations such as the Masai Mara
in Kenya and the Serengeti in Tanzania.The study warns that urgent
efforts are needed to better protect the animals and secure the future
of the parks, which draw millions of tourists each year and provide
much-needed income.

Value75.20    
Change0.440     
% Change0.589

Conclusions

Testing 2010 Highs again.

KCB Bank Group will announce its half-year results on Tuesday, just a
day after its Sh15 billion rights issue closed to shareholders,
signalling the direction the bank is taking to investors wishing to
take up any new shares left on the table.

“We have not seen the government offloading its 209 million shares
today, which is an indicator it could have let them lapse,” said Mr
Wycliffe Masinde, an investment analyst at Kestrel Investment Bank,
adding that the half-year results announcement is expected to be good
to assure investors buying into the right issue that the bank is on
the right growth path.

The issue has not been underwritten, and its success rate is pegged at
50 per cent, which would raise Sh7.5 billion for the bank.The
government is the biggest shareholder in KCB Group with a 23.6 per
cent shareholding, which is set to reduce to 16.86 per cent after
Treasury sat out the issue.

The banks shares at the NSE have dropped 14 per cent, from Sh20.75
when the right issue offer price was announced mid last month to
Sh17.75 at the close of trade on Monday.

KCB, the biggest bank in terms of assets in Kenya, reported a pre-tax
profit increase of 11 per cent in the first quarter of this year to
Sh1.9 billion.

Par Value:                  1/-
Closing Price:          17.75
Total Shares Issued:          2,217,777,664
Market Capitalization:        39,366M
EPS:            2.05
PE:                8.659

Conclusions

I will look through the Results when I receive them.

Kestrel Capital (East Africa) Ltd. forecast that the lender may pay a
special dividend.

Kenya Commercial Bank posted a 16 percent rise in pretax profit for
the first six months of the year to 4.2 billion shillings ($51
million), its chairman said on Tuesday.Peter Muthoka attributed the
jump in profit to a 24 percent increase in net interest income during
the period and predicted the bank would meet its full-year targets.

The NASI closed up 0.10 points at 95.38.
The NSE20 closed down 12.19 points at 4310.81.
Market Cap was 1.112957 Trillion versus 1.111708 Trillion.

KCB reported 1st Half Results 6% better than the 1st Quarter Run Rate
and the Banks as a whole look set to surpass already sharpened
Expectations, which is supportive.

SAFARICOM

shares volume     8,692,700
total turnover      50,783,744
avg price     5.84 Closing Price 5.80 Unchanged
high price     5.90
low price     5.80
last price     5.85

Conclusions

We were 5.85 Bid all day. The Price looks set to test 6.10 12 month
Highs. Demand is tipping its Hand Finally.

Safaricom share price data from www.rich.co.ke
http://j.mp/4cdZRM

Par Value:                  0.05/-
Closing Price:          5.80
Total Shares Issued:          40,000,000,000
Market Capitalization:        232,000M
EPS:            0.38
PE:                15.263

Access Kenya rallied 1.22% to close at 20.75. Access Kenya traded a
20.50-21.25 range and 372,600 shares worth 7.805m.

Kenya Airways shaved off 25 cents to close at 46.75 and traded 241,800
shares worth 11.348m. Buyers have been absorbing Paper at these levels
after a 20% correction post Results.

Nation was unchanged at 142.00 and traded 16,700 shares.
Standard traded 500 shares at 39.75.

ScanGroup edged 1.9% lower to close at 38.75 and traded 20,000 shares.

CMC Holdings shaved off 5 cents to close at 12.65 and traded a
12.60-12.85 range and 152,100 shares.
CarGen did not trade.

TPS Serena closed 0.895% better at 56.50 and traded 8,100 shares.

KCB reported 1st Half Results at +16% versus +10% at the 1st Quarter
Mark and a 600 Basis Point Acceleration Quarter to Quarter. KCB firmed
0.28% to close at 17.80 and traded shares at a session high of 18.00.
KCB traded 78,700 shares and we are probably now crossing the Nadir in
the Price. The Price moved preemptively ahead of a $151m Cash call
[There have not been many that I can recall since 2008] but now looks
set to base out and rebound from what looks like a deeply oversold
Position. Supply was thin today and will probably thin out further.

Barclays Bank rallied a further 1.56% to close at 65.00 and this is a
2 year closing High. There is Chatter of a special Dividend and this
has further excited the Bulls. Barclays traded 39,800 shares and has
Demand for 500,000+ shares at the Finish Line.

Equity Bank was unchanged at 22.75 and traded a 22.50-23.00 range and
668,300 shares worth 15.293m.
COOP Bank rallied back 1.05% to close at 14.45 and traded a
14.30-15.00 range and 908,900 shares worth 13.17m. COOP Bank corrected
about 10% from its all time and recent highs but Buyers are beginning
to push back again.
Stanchart was unchanged at 230.00 and traded 7,200 shares.

Centum firmed 1.123% to close at 22.50 and was trading at 23.00 +3.37%
at the Finish. This is a 23 month Closing High. Centum traded 344,100
shares worth 7.744m.

CFC StanBic closed at 82.50 and was trading 85.00 +1.8% session Highs
at the close. CFC StanBic traded 32,600 shares.
DTB closed at 89.50 +0.56% and traded 10,000 shares.
HFCK was unchanged at 21.00 and traded 91,000 shares.
NBK was unchanged at 39.25 and traded 17,500 shares.
NIC rose 1.28% to close at 39.50 and traded 64,600 shares.

Kenya Re fell 2.1166% to close at 11.55 and traded 59,400 shares.
Jubilee traded 200 shares all at 162.00.
PanAfric did not trade.

Olympia Capital closed at 7.55.

KPLC was the 2nd most actively traded counter. KPLC [The IFC recently
cited the current Balance Sheet Restructuring exercise as a Backdoor
Nationalisation] traded unchanged to close at 199.00 and traded
219,900 shares [0.2779% of the shares] worth 43.776m. Cumulatively a
Fair sized chunk has traded through the Bourse at these levels, over
the last few weeks.

KPLC share price data from www.rich.co.ke
http://j.mp/BLiwX

Par Value:                  20/-
Closing Price:          199.00
Total Shares Issued:          79,128,000
Market Capitalization:        15,746M
EPS:            40.76
PE:                4.882

KenGen firmed 1.18% to close at 17.20 and was closing the session at
17.50 +2.94%. KenGen traded 360,700 shares worth 6.208m. The Price is
set to probe higher.
Cables was unchanged at 20.25 and traded 17,500 shares.

Kenolkobil rallied a further 1.395% to close at 10.90 +1.395% for the
session and that is a 2 Year Closing High. Kenolkobil traded a
10.75-11.00 range and 1.786m shares worth 19.557m making it the 3rd
most actively traded Counter. Management guided Earnings higher in a
recent Note and Buyers have responded to that guidance with Vigour.
Total was unchanged at 29.25 and traded 1,800 shares only.

BAT firmed 0.44% to close at 227.00 and traded a 226.00-230.00 range.
BAT was bid at 230.00 +1.77% at the Finish Line and traded 24,700
shares.

EABL was unchanged at 180.00 and traded 14,100 shares.

Mumias Sugar eased 0.4% to close at 12.55 and traded a 12.50-12.60
range and 501,800 shares.

Bamburi Cement traded 1,000 shares at 200.00 -0.99%.
Athi River Mining was unchanged at 142.00 and traded 3,600 shares.
Portland traded 500 shares at 115.00 -0.86%.

Carbacid traded 11,700 shares all at 160.00 +6.67%.
BOC Kenya was marked down 5.19% to close at 128.00 and traded 5,700 shares.

Crown Berger traded 22,100 shares at 32.50 unchanged.
Eveready closed 1.27% better at 4.00 and traded 64,700 shares.
Sameer firmed 2.4% to close at 8.55 and traded 41,100 shares.
Unga closed at 11.95 and traded 2,800 shares.