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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

My Interview yesterday with Alishia #CNBC Africa
http://j.mp/9KFiNy

The Star Michael Joseph The Art of Leadership Succession
http://j.mp/cqRcr7

From the Archive

2009 #Mindspeak Audios Rich Radio www.rich.co.ke
http://j.mp/6lSn7W

27-JUL-2009 Mind Speak-Professor Calestous Juma
07-JUL-2009 Mind Speak-Graham Gilmour CEO The Business Phone
19-JUN-2009 Mind Speak-James Mworia Centum
23-FEB-2009 Mind speak-Patrick Quarcoo and William Pike Kiss
11-FEB-2009 Mind Speak-Bharat Thakrar Scangroup
     
Macro Thoughts

Watching the Euro.

Home Thoughts

I suspect my ability to spring out of Bed is actually correlated to
the Temperature and as it has got colder here  I found I am
struggling a little to be at My Desk before 6. I must say I do like
looking at the World from that time. In particular, watching the Hand
Over from Asia to Europe.

The 92,000 American classified military documents released by
WikiLeaks add to the evidence that Pakistan's intelligence service
backs the Taliban, to the point of helping the Taliban plan
assassinations of American and Afghan officials.

This raises the question: Who covered up a scandalous arrangement
known to everyone with a casual acquaintance of the situation? The
answer is the same as in Agatha Christie's 1934 mystery about murder
on the Orient Express, that is, everybody: former United States
president George W Bush and vice president Dick Cheney, current US
President Barack Obama and Vice President Joe Biden, India, China and
Iran. They are all terrified of facing a failed state with nuclear
weapons, and prefer a functioning but treacherous one.

Conclusions

Certainly one way of looking at it.

As General David Petraeus assumes direct control of the war in
Afghanistan, he and his officers—not to mention the policymakers back
home—are pinning their hopes on improved cooperation with friendly
locals. Traveling to the southern Afghan city of Marja, site of a
major offensive this past February, photographer Micah Garen surveys
the diverse cast of characters—soldiers, elders, farmers, even
robots—whose actions will decide the mission’s outcome.

Haji Abdul Zahir was appointed the district chief of Marja in February
during Operation Moshtarak. On July 12, he lost his job, with no
reason given for his sudden departure. Before taking over the restive
region, Zahir lived in Germany for 15 years, four of which he spent in
prison for assaulting his stepson.

An Afghan National Army soldier holds a newly adopted puppy with henna
on its head and ears at Camp Hill in Marja.

Conclusions

Pictures are a Narrative.

Euro 1.2990
Pound 1.5480
Dollar Index 82.10
Rand 7.30 - 3 Month Highs Nedbank takeover Talk supports
Aussie 0.9013
India Rupee 46.87
Canada 1.0318

The euro was buying $1.3011 in afternoon trading in Asia, up from
$1.2999 in late North American trading Monday. The European unit
hasn't been able to sustain a break of the $1.30 level since May

The dollar index "is at its recent lows, established at the beginning
of May and before the most recent sell-off in risk. But we think this
is not just about a return to risky assets," said David Forrester and
Yuki Sakasai at Barclays Capital.Instead, they wrote in a note to
clients Tuesday, weak U.S. economic data compared with improving data
elsewhere in the Group of Seven major economic powers has been
weighing on U.S. yield differentials and the U.S. dollar.

"We expect interest-rate differentials and currencies' individual
fundamentals to continue to be strong drivers. So, for the [U.S.
dollar] to make a return, we would have to see some stronger U.S.
data," they said

Conclusions

Dollar at Key Support Levels.

Euro versus Dollar 3 Month Chart INO
http://j.mp/bxIoJI

BP Plc reported a record loss after taking a charge for the Gulf of
Mexico oil spill, the worst in U.S. history.

The second-quarter net loss of $17.2 billion compared with a profit of
$4.39 billion in the year-earlier period. Chief Executive Officer Tony
Hayward resigned and Robert Dudley will succeed him on Oct. 1, the
London-based company said in a statement today.

Dudley’s challenge will be to overcome cleanup costs and liabilities
from the environmental disaster, which analysts expect to exceed $30
billion. BP is selling assets, reducing investment and cutting the
dividend to pay the bills after the spill wiped 45 billion pounds ($70
billion) off the company’s market value.

Conclusions

“It’s all about getting a clean slate,” Peter Hitchens, an analyst at
Panmure Gordon & Co. in London, said before the results were
published. “They’ll do the kitchen sink job to get it all out of the
way at the start rather than a drip drip that will distract from
future earnings.”

BP Share price Yahoo Finance
http://j.mp/cHbG0T

The Dow rose 100.81 points, or 0.97%, to 10525.43 in light trading,
climbing back into positive territory for the year.

A U.S. collector paid a record $2 million for a Edvard Munch print of
a doomed femme fatale, and a Russian gave $65,000 for a crocodile
handbag in auctions this month as top works attracted wealthy buyers.A
black crocodile Hermes "Birkin" bag. The unusually large,
specially-designed bag fetched an auction record of 49,250 pounds at
Christie's International in November 2009"Reclining Figure no. 2,"
1939, by Henry Moore. The work was sold by the London-based dealers
Hazlitt Holland-Hibbert at the Masterpiece fair in Chelsea, London.
Source: Hazlitt Holland-Hibbert via Bloomberg

All 6,514 windows in New York’s tallest building will be replaced, and
tenants will be advised on how to save electricity. Photograph:
Jean-Pierre Lescourret/Corbis

September copper added 4 cents, or 1.2%, to $3.22 a pound, the red
metal's highest close since mid-May.Copper is heavily used in
construction wiring and benefitted from the new-home-sales news.

Last Price    3.225

Sugar +1.83%
Cocoa +0.47%
Coffee -0.36%

Conclusions

A Bullish Complex.

Chef Alex Gauthier's vegetables with truffles.

"We need to have more of a relationship with vegetables," says chef
Alain Ducasse, as he serves some delicate slices of beetroot, carrot
and celeriac that have been gently poached in a light vegetable stock,
and coated with a Montgomery cheddar gratin, during an intimate lunch
for eight at the Dorchester hotel in London, where his three Michelin
star restaurant is housed. He is showing off a new signature dish --
the Cookpot -- which focuses on seasonal vegetables.

The rand was trading at 7.3552 against the dollar, 0.94 percent firmer
than the previous close of 7.4250. It touched 7.3510, its strongest
level since April 30 according to Reuters data.

Conclusions

Talk of NedBank Takeover encouraging the Bulls.

Value28,499.00   
Change74.830    
% Change0.263

Conclusions

Touched just over -10.00% before the World Cup. Has bounced hard but
then so has the Dow.

Value6,287.71   
Change40.800    
% Change0.653

Conclusions

I see it going considerably higher over the Medium Term and this as a
Good Value Long Entry Point.

Tullow Oil Plc, the U.K. explorer with the most licenses in Africa,
discovered a “major new oil field” off the coast of Ghana.

The Owo-1 exploration well “encountered a gross vertical reservoir
interval of 154 meters (505 feet)” in the Deepwater Tano license, the
London-based company said today in a statement. Samples show it’s a
light oil of 33 degrees to 36 degrees gravity on the American
Petroleum Institute scale, Tullow said.

“This is a big well and a big result for Tullow, we’ve got here a very
substantial light-oil discovery,” Angus McCoss, the exploration
director at the company, said today in a phone interview. “It’s really
looking to be another transformational oil field for Ghana.”

Tullow rose as much as 5.9 percent to 1,249 pence, its biggest
intraday gain since July 2, and was 5.1 percent higher at 1,239 pence
at 9:03 p.m. London time. Anadarko climbed $1.76, or 3.6 percent, to
$50.53 as of 4:01 p.m. in New York Stock Exchange composite trading.

Tullow had been targeting a 1.4 billion-barrel find of oil equivalent
in the Owo-Tweneboa-Ntomme area off Ghana, according to a July 1
company presentation.

“We are going to be partitioning the greater Tweneboa area into a very
substantial, highly pressured oil field at Owo and the neighboring
major oil and gas condensate field at Tweneboa,” McCoss said.

Tullow and Anadarko, based near Houston, are exploring African fields
off Ghana, Ivory Coast, Liberia and Sierra Leone.

“We expect to resume the westward expansion of our exploration
activity in the Cretaceous Fan play, where we’ve identified more than
30 prospects and leads with size and geologic characteristics similar
to the Jubilee field,” Bob Daniels, Anadarko’s senior vice president
for worldwide exploration, said in a separate statement.

Conclusions

It was already transformative for both Ghana and Tullow. Now Even More So.

Its a 1b Barrel Add, apparently.

Tullow Oil PLC share price data Bloomberg
http://j.mp/bjeNGu

Price1,239.000   
Change60.000
% Change5.089
52-Wk High (01/21/10)1,375.000   
52-Wk Low (07/29/09)970.000   
1-Yr Return25.882
Shares (Millions)887.239   
Market Cap (GBP) (Millions)10,992.900

Tullow Oil PLC 5 Year Chart Yahoo Finance
http://j.mp/cRDrRE

Tullow Completes $1.35 Billion Purchase of Ugandan Assets Bloomberg
http://bit.ly/97vfxO

It's another chapter in the now familiar story of China's economic
embrace of Africa. Except that this one begins nearly 600 years ago.

A team of 11 Chinese archaeologists will arrive in Kenya tomorrow to
begin the search for an ancient shipwreck and other evidence of
commerce with China dating back to the early 15th century. The
three-year, £2m joint project will centre around the tourist towns of
Lamu and Malindi and should shed light on a largely unknown part of
both countries' histories.

The sunken ship is believed to have been part of a mighty armada
commanded by Ming dynasty admiral Zheng He, who reached Malindi in
1418. According to Kenyan lore, reportedly backed by recent DNA
testing, a handful of survivors swum ashore. After killing a python
that had been plaguing a village, they were allowed to stay and marry
local women, creating a community of African-Chinese whose descendants
still live in the area.

A likely shipwreck site has been identified near Lamu island,
according to Idle Farah, director general of the National Museums of
Kenya, which is working on the archaeology project with its Chinese
equivalent and Peking University.

"The voyages of the Portuguese and the Arabs to our coasts have long
been documented," Farah told the Guardian. "Now, by examining this
shipwreck, we hope to clarify with clear evidence the first contact
between China and east Africa."

In Siyu village they conducted DNA tests on a Swahili family whose
oral history and hints of Chinese facial features led them to believe
they were descendants of Zheng's shipwrecked sailors. The tests
reportedly showed evidence of Chinese ancestry and a 19-year-old woman
called Mwamaka Shirafu was given a full scholarship to study
traditional medicine in China, where she remains.

Conclusions

Its a Fascinating Tale and clearly neatly dovetails with the Chinese
Desire to carve out their own Africa Narrative.

A beach near Malindi where admiral Zheng He's armada was shipwrecked.
Photograph: Schalk Van Zuydam/AP

Mambrui Flickr
http://j.mp/d21IwT

Kenyan oil marketer KenolKobil will establish operations in Mozambique
in line with its strategy of securing regional markets with major port
facilities, the company said on Monday.
Mozambique will be the firm's eighth market as it continues its
expansion drive, aimed at achieving growth through new markets outside
of its home market of Kenya. Its other markets include Ethiopia and
Zambia.

"The anticipated entry into Mozambique will enhance our ability to
extend our reach in the hinterland market of East, Central and
Southern Africa," the company said in a statement, adding it had
registered a company in Mozambique to pursue its aims.

An acquisition in Zimbabwe was still on the cards, KenolKobil added,
following the unsuccessful joint bid with Engen for assets jointly
operated by BP and Shell in the country.

Conclusions

Aggressively expanding its Regional FootPrint.

KenolKobil share price data
http://j.mp/2DMFVE

Par Value:                  0.50/-
Closing Price:          10.15
Total Shares Issued:          1,471,761,152
Market Capitalization:        14,938M
EPS:            0.88
PE:                11.534

Nairobi NSE20 Bloomberg Visual Equivalent to September 2008 +33.23% 2010
http://j.mp/bnc4rf

4,326.01

Conclusions

Equivalent to September 2008 Levels.

Southern Sun Hotels will take over Nairobi’s Holiday Inn from next
month for an undisclosed fee as South African firms seek a presence in
Kenya’s tourism sector.

The hotel group will from August 1 assume ownership of the city hotel
and re-brand it Southern Sun Mayfair Nairobi, highlighting the growing
interest by South African firms to enter the East African market with
Kenya as their gateway.

The Reserve Bank of India raised the reverse repurchase rate to 4.5
percent from 4 percent and the repurchase rate to 5.75 percent from
5.5 percent, according to a statement from the central bank in Mumbai.
The median forecasts in a Bloomberg News survey was for a
quarter-point increase in both the rates.

The bank boosted its estimate for wholesale-price inflation for the
year to March to 6 percent from 5.5 percent and the economic growth
forecast to 8.5 percent from 8 percent during the period.

Consumer prices paid by industrial and farm workers in India are
running close to 14 percent, government data show. That’s the most
after Venezuela’s 32 percent inflation rate, according to Bloomberg
data compiled from 82 countries.

Conclusions

An apparently Itchy finger has Subbarao.

4,326.01

Conclusions

Equivalent to September 2008 Levels.

The Nairobi Stock Exchange closed firmer today. I have to dash for an
Interview with O'Brien on KBC and will update the Official Closing
Data directly onto the Site www.rich.co.ke.

As at 14.54.56 The Bourse had transacted 260.582m worth of Business
with Stanchart the Standout matching its all time Closing High of
257.00 posted in January 2007.

The NSE is exhibiting a classic 'Triangle' Formation and this presages
a sharp Break [either way]. I expect a sharp Rally on a YES Vote and
Investors might start to jostle for positions once that begins to look
unstoppable.

Sasini Tea closed at 13.55 and traded 9,100 shares.
Kakuzi closed at 77.00 and traded 5,500 shares.
Rea Vipingo closed at 17.25 and traded 11,300 shares.

SAFARICOM

shares volume     9,954,300
total turnover      56,263,056
avg price     5.65 Closing Price 5.65 +0.895%
high price     5.70
low price     5.60
last price     5.60

Conclusions

Was the Most active Counter at the Bourse and Buyers stepped up to
pick up Stock at the Lower end of the Trading Range. That Range being
5.50-6.10. Safaricom is well supported here and expected to trend
towards 6.10 now that the News is out.

Safaricom share price data from www.rich.co.ke
http://bit.ly/4cdZRM

Par Value:                  0.05/-
Closing Price:          5.60
Total Shares Issued:          40,000,000,000
Market Capitalization:        224,000M
EPS:            0.38
PE:                14.737

TPS Serena rallied 5.305% to close at 59.50 and was trading at 60.00
+6.19% session Highs and traded 130,100 shares worth 7.786m. TPS
Serena has delivered a 72.688% 12 Month Return ex Dividends.

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

Par Value:                  1/-
Closing Price:          56.50
Total Shares Issued:          123,508,864
Market Capitalization:        6,978M
EPS:            3.60
PE:                15.694

Nation rallied 1.41% to close at 144.00 and traded a 142.00-145.00
range and 63,000 shares worth 9.093m.
Standard did not trade.

Kenya Airways retreated 0.54% to close at 45.75 and traded 85,200
shares. Kenya Airways is well supported here.

ScanGroup eased 0.68% to close at 36.25 and traded 16,400 shares.

Access Kenya eased 0.8% to close at 18.70 and traded 13,200 shares.

CMC Holdings fell 3.2% to close at 12.10 and traded 36,400 shares.
CarGen did not trade.

Standard Chartered Bank rallied 4.04% to close at 257.00. Stanchart
traded a 246.00-265.00 range and 34,300 shares worth 8.843m. 257.00 is
Stanchart's all time Closing High and was printed on 12th Jan 2007.
Stanchart has posted a 94.202% 12 month Return ex Dividends.

Standard Chartered share price data from www.rich.co.ke
http://bit.ly/1MoR3I

Par Value:                  5/-
Closing Price:          247.00
Total Shares Issued:          271,967,808
Market Capitalization:        67,176M
EPS:            16.78
PE:                14.720

COOP Bank was the 2nd most active Counter at the Bourse and firmed
0.68% to close at 14.80. COOP Bank traded a 14.75-14.95 range and
2.204m shares worth 32.624m. COOP Bank has returned 59.917% 12 months
ex dividend and 4.51% off its all time Closing High of 15.50.

KCB rallied 0.835% to close at 18.10 and traded an 18.00-18.35 range
and 114,200 shares only. KCB has limited Supply and the cheap shares
below 18.00 apparently have been mopped up.
Equity Bank was unchanged at 23.25 and traded a 23.00-24.00 range and
1.284m shares worth 29.943m trading 3rd at the Bourse.
Barclays Bank traded 4th closing 0.79% easier at 63.00. Barclays Bank
traded a 62.50-64.00 range and 370,700 shares worth 23.404m. Barclays
has retraced 10% after touching 70.00 and 23 month Highs.

Centum was unchanged at 19.40 and traded a 19.20-19.65 range and was
trading at 19.65 +1.29 session highs into the close. Centum traded
385,500 shares worth 7.491m.

Jubilee rallied 3.05% to close at 169.00 and traded 6,100 shares.
PanAfric traded 100,000 shares all at 64.00 -5.88%.
Kenya Re closed 0.44% firmer at 11.40 and traded 95,200 shares.

NIC bounced 1.315% to close at 38.50 and traded 56,200 shares.
CFC StanBic eased 1.2% to close at 82.50 and traded 20,500 shares.
DTB was unchanged at 94.50 and traded 34,800 shares. Recall Yesterdays
outsize Trades.
HFCK was unchanged at 20.75 and traded 33,000 shares.
NBK was unchanged at 38.00 and traded 25,900 shares.

Olympia Capital rose 3.4% to close at 7.60.

EABL was unchanged at 180.00 and traded a 179.00-181.00 range and
92,300 shares worth 16.623m. This is a 22 month High Level and we have
been hereabouts for over a Month.

KenolKobil retreated 2.955% to close at 9.85 and traded a 9.50-10.00
range and 874,700 shares worth 8.62m. KenolKobil announced that they
were expanding into Mozambique but Investors remain nervous about
Further Spats with KPRL and the Ministry.
Total eased 0.85% to close at 29.25 and traded 3,200 shares.

Mumias Sugar was unchanged at 12.50 and traded a 12.50-12.60 range and
819,400 shares worth 10.264m.

BAT was unchanged at 232.00 and traded 22,900 shares worth 5.314m.

Bamburi Cement firmed 0.505% to close at 199.00 and traded 51,000
shares worth 10.197m.
ARM traded 2,700 shares and closed 2.68% lighter at 145.00 which is
2.68% off its all time closing High of 148.00.
Portland was unchanged at 121.00 and traded 300 shares.

KenGen was unchanged at 17.00 and traded 145,700 shares.
KPLC eased 0.525% to close at 189.00 and we have retreated from 200.00
levels. I think Investors Nerves are starting to Fray with what is an
unconcionable delay in releasing the Balance Sheet Restructuring
Ratios.
Cables closed 0.26% easier at 19.40 and traded 5,100 shares.

BOC Kenya did not trade.
Carbacid improved a shilling to close at 157.00 and traded 11,200 shares.

Crown Berger closed at 32.00 -0.78% and traded 16,800 shares.
Eveready retreated 4.82% to close at 3.95 and traded 25,500 shares.
Sameer rose 1.19% to close at 8.50 and traded 39,800 shares.
Unga traded 4000 shares at an unchanged 12.00.