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Satchu's Rich Wrap-Up
 
 
Tuesday 28th of September 2010
 
Morning
Africa

www.rich.co.ke Register and its all Free.

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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 Tapping Human Capital is the Next Big thing Kenya 2.0
http://bit.ly/dh6yQR

Jeff Koinange's Interviews with Salva Kiir, Ngugi Wa Thiongo and Me here K24
http://bit.ly/cBAwvJ

#Mindspeak MINDSPEAK: Learning from JEFF KOINANGE David Munyao The Voice
http://bit.ly/c7uDYl

Macro Thoughts

Bernanke's Freedom for Manouevre is not nearly as wide as his Rhetoric.

There are many open questions. One is size. Mr. Bullard says doing
more than $1 trillion of purchases per year would give him "pause"
because that's how much net debt the Treasury will issue this year,
meaning the Fed would be financing it all.

Home Thoughts

The Middle One Layla came back from Batian's View near Naro Moru. She
was describing her Escapades on Zip Lines and frightening me and then
watching my reaction and then she got too carried away. Hannah, of
course, gets in my Bed in the early Hours and then complains when I
have the lights on, as I am getting ready. I have yet to persuade her
of the Merits of my Point.

read more


Annals of Innovation Small Change Why the revolution will not be tweeted Malcolm Gladwell New Yorker
Information & Communication Technology

The world, we are told, is in the midst of a revolution. The new tools
of social media have reinvented social activism. With Facebook and
Twitter and the like, the traditional relationship between political
authority and popular will has been upended, making it easier for the
powerless to collaborate, coördinate, and give voice to their
concerns. When ten thousand protesters took to the streets in Moldova
in the spring of 2009 to protest against their country’s Communist
government, the action was dubbed the Twitter Revolution, because of
the means by which the demonstrators had been brought together. A few
months after that, when student protests rocked Tehran, the State
Department took the unusual step of asking Twitter to suspend
scheduled maintenance of its Web site, because the Administration
didn’t want such a critical organizing tool out of service at the
height of the demonstrations. “Without Twitter the people of Iran
would not have felt empowered and confident to stand up for freedom
and democracy,” Mark Pfeifle, a former national-security adviser,
later wrote, calling for Twitter to be nominated for the Nobel Peace
Prize. Where activists were once defined by their causes, they are now
defined by their tools. Facebook warriors go online to push for
change. “You are the best hope for us all,” James K. Glassman, a
former senior State Department official, told a crowd of cyber
activists at a recent conference sponsored by Facebook, A. T. & T.,
Howcast, MTV, and Google. Sites like Facebook, Glassman said, “give
the U.S. a significant competitive advantage over terrorists. Some
time ago, I said that Al Qaeda was ‘eating our lunch on the Internet.’
That is no longer the case. Al Qaeda is stuck in Web 1.0. The Internet
is now about interactivity and conversation.”

Robert Darnton has written, “The marvels of communication technology
in the present have produced a false consciousness about the past—even
a sense that communication has no history, or had nothing of
importance to consider before the days of television and the
Internet.” But there is something else at work here, in the outsized
enthusiasm for social media. Fifty years after one of the most
extraordinary episodes of social upheaval in American history, we seem
to have forgotten what activism is.

All the volunteers were required to provide a list of personal
contacts—the people they wanted kept apprised of their activities—and
participants were far more likely than dropouts to have close friends
who were also going to Mississippi. High-risk activism, McAdam
concluded, is a “strong-tie” phenomenon.

“Social networks are particularly effective at increasing motivation,”
Aaker and Smith write. But that’s not true. Social networks are
effective at increasing participation—by lessening the level of
motivation that participation requires.

The Palestine Liberation Organization originated as a network, and the
international-relations scholars Mette Eilstrup-Sangiovanni and
Calvert Jones argue in a recent essay in International Security that
this is why it ran into such trouble as it grew: “Structural features
typical of networks—the absence of central authority, the unchecked
autonomy of rival groups, and the inability to arbitrate quarrels
through formal mechanisms—made the P.L.O. excessively vulnerable to
outside manipulation and internal strife.”

if you’re taking on a powerful and organized establishment you have
to be a hierarchy

Conclusions

I disagree with the Ultimate Conclusion. We remain in the Start Up
Phase of Developments. Social Media is very late Cycle, has only
started to seriously scale across the World in the last 24 months and
is highly correlated to the Mobile Phone. Therefore, I feel, on
balance, that the Relationship between the Rulers and the Ruled The
World over is in a State of serious Flux. Moreover, that Citizen Power
[via Collaboration] is something thats evolving. c21st Activism does
not look or feel like c20th Activism and I think Gladwell this time
around is yearning for some Prelapsarian Past.

read more


Fed Mulls New Bond Approach WSJ
World Of Finance

Federal Reserve officials are considering new tactics for the purchase
of long-term U.S. Treasury securities to bolster a disappointingly
slow recovery.

Rather than announce massive bond purchases with a finite end, as they
did in 2009 to shock the U.S. financial system back to life, Fed
officials are weighing a more open-ended, smaller-scale program that
they could adjust as the recovery unfolds.

But having pushed short-term rates to near zero, it now has to devise
new, untested approaches at almost every turn. A misstep could lead to
unintended consequences, one factor that makes officials wary and
investors jittery about its every move.In theory, buying long-term
bonds pushes other interest rates down because it reduces the supply
of debt available to investors, pushing up the price of this debt and
the yield down.In March 2009, the Fed said it would buy $1.7 trillion
worth of Treasury and mortgage-backed securities over a six to nine
month period—known inside the Fed as the "shock and awe" approach.

Under the alternative approach gaining favor inside the Fed, it would
announce purchases of a much smaller amount for some brief period and
leave open the question of whether it would do more, a decision that
would turn on how the economy is doing. This would give officials more
flexibility in the face of an uncertain recovery.Most economists at
the Fed and outside, though not all, believe that the Fed's decision
to embark on what's known as "quantitative easing"—buying bonds—after
cutting its target for short-term interest rates to near zero helped
prevent an even deeper recession.

Fed officials have done little to dissuade investors that they might do more.

Fed Chairman Ben Bernanke last week reiterated his dissatisfaction
with the recovery, saying the economy has failed to grow "with
sufficient vigor to significantly reduce the high level of
unemployment."

Markets anticipate the Fed will pull the trigger, barring some
surprise turn in the economy. Economists at Goldman Sachs Group Inc.
estimate the Fed will end up purchasing at lest another $1 trillion in
securities, and estimate that would push long-term interest rates down
by a further 0.25 percentage point.

"The shock and awe approach is rarely the optimal way to conduct
monetary policy," he says. "I really do not think it is the right way
to go except in really exceptional circumstances."

There are many open questions. One is size. Mr. Bullard says doing
more than $1 trillion of purchases per year would give him "pause"
because that's how much net debt the Treasury will issue this year,
meaning the Fed would be financing it all.

"Given the disagreement about the need for additional easing within
the FOMC, retaining some flexibility might be critical to the
adoption" of more quantitative easing, Goldman Sachs analysts said
recently.

The Fed concluded its $1.7 trillion purchases of mortgage and Treasury
bonds in March. Researchers at the Federal Reserve Bank of New York
estimate that the program reduced long-term interest rates by between
0.3 percentage point and 1 full percentage point.
The Fed took a step toward new purchases in August. It said it would
begin replacing maturing mortgage bonds by purchasing Treasury debt to
keep the overall level of its securities holdings constant.

Conclusions

The Markets are much more sceptical today about this QE Money Printing
Wizardry and I believe Bernanke's actual room for Manouevre much more
delimited than his Rhetoric allows.

read more


Currency Markets at a Glance WSJ
World Currencies

Euro 1.3442
Pound 1.5801
Yen 84.20
Dollar Index 79.56
Aussie 0.9582
Rand 7.0418
India Rupee 45.135

Dollar got a Boost [a little one] with the News that the QE programme
would not be  'Shock and Awe' but smaller scale.

read more


Brazil Warns of Global Trade War WSJ
Emerging Markets


The world is involved in "a trade war and an exchange rate war" as
countries seek trade advantages by manipulating their currencies, and
Brazil must take steps to defend itself, including the possibility of
new taxes, Brazil Finance Minister Guido Mantega said in Sao Paulo on
Monday.Governments in several countries, including the U.S. and Japan,
are allowing their currencies to devalue to gain market share.

read more


World Equity Markets at a glance
World Of Finance

The Dow surpassed 100 in 1906 and reached 1,000 in 1972. It topped
5,000 in 1995 after jumping 1,000 points in nine months. It was made
up of 12 stocks initially, increased to 20 in 1916 and expanded to 30
in 1928. The average’s biggest single-day point loss was 777.68, or 7
percent, on Sept. 29, 2008.

read more



What Happens in Vegas New Yorker
Misc.

In 1965, a hotel owner named Jay Sarno began construction on a new
hotel on the Las Vegas Strip, and decided to set his creation apart
from the competition by modelling it on a Roman palace. Caesars Palace
was really no different from any other big hotel, but the Roman arches
and columns stuck on its façade, not to mention the tunic-clad
cocktail waitresses inside, were such a hit that the place spawned a
generation of imitations, each aiming to outdo the last in eye-popping
extravagance. Las Vegas became the world’s largest theme park, with
hotels intended to make you feel that you are in Venice, or Paris, or
Egypt, or New York, or Bellagio, or on a pirate’s island, or among
King Arthur and his knights. Or—given that these weird simulacra have
become famous in their own right—that you are, quite simply, in Vegas.
Sarno’s palace was vulgar and crude, but his achievement is one that
even the most accomplished architects can only envy: he defined a
city’s style.

read more



Central banks sell the least gold since 1999 Marketwatch
World Of Finance

Major central banks and the International Monetary Fund over the past
12 months have reportedly sold the smallest amount of gold since an
agreement to cap gold sales was put in place in 1999. Central banks
account for about 20% of above-ground gold in the world, and fewer
sales mean gold supplies are likely to continue to lag demand,
boosting prices.

read more


Live 24 Hour Spot Gold KITCO 1291.00
Commodities

Weak Longs get shaken out below 1300.00.

read more


Soft Commodities at a Glance INO
Commodities

Cocoa +1.86%
Coffee +1.15%
Cotton +4.46% 105.93 - 15 Year Highs
Sugar +2.87%

Conclusions

This Basket is a Must Have over the Medium Term.

Cotton October 2010 1 Year Chart +4.63% into Expiry INO
http://bit.ly/bhNMQA

Last Price    105.93
Contract High    104.5
Contract Low    64.73

read more



Dubai Ruler Says ‘We Are Back’ After Debt Accord Bloomberg
Emerging Markets


Dubai ruler Sheikh Mohammed Bin Rashid Al Maktoum said the emirate is
recovering after state- controlled holding company Dubai World reached
a debt- restructuring settlement with creditors.

“We are back. Of course we are back,” Sheikh Mohammed said in an
interview with Bloomberg Television’s “InBusiness With Margaret
Brennan” at the FEI World Equestrian Games in Lexington, Kentucky,
yesterday. “This is a challenge. Life would be boring if there’s no
challenge.”

Dubai World, one of three main holding companies controlled by Sheikh
Mohammed, said Sept. 10 that 99 percent of creditors had agreed to
alter the terms on $24.9 billion of debt after the deepest global
financial crisis since the 1930s led to a 50 percent drop in property
prices in the emirate. Dubai amassed $109 billion in debt to turn
itself into a financial, logistics and tourism hub, with about $15.5
billion due this year, the International Monetary Fund
estimates.Dubai’s vision is unchanged after projects such as Meydan
LLC’s racecourse and Burj Khalifa, the world’s tallest building
developed by Emaar Properties PJSC, were completed, Sheikh Mohammed
said. “All the projects that were there are going ahead,” although
some may be delayed for six months to a year, he said.

“Life goes on,” said Sheikh Mohammed, who was taking part in a
12-hour, 160-kilometer endurance race.

Dubai’s benchmark stock index has gained 6.7 percent since the Dubai
World announcement, trimming its loss for the year to 5.8 percent. Abu
Dhabi’s ADX General Index has risen 5.2 percent in the past two weeks.
The two emirates are the two biggest of the seven sheikhdoms that make
up the United Arab Emirates.The Dubai World and Nakheel announcements
“are steps in the right direction” and have helped improve investor
sentiment, Ali Taqi, a portfolio manager at A/T Capital Management in
Dubai. “The completion of pending real-estate projects is a sign of
real-estate companies getting back on track. On the other hand, these
projects will create further oversupply, thus the real-estate market
could get worse before it gets better.”The emirate’s property prices
are unlikely to recover any time soon as 41,000 new homes are expected
to be completed by the end of this year, adding to a glut of homes,
according to Colliers International estimates in May. Builders in
Dubai have delayed or canceled developments worth about $330 billion,
Dubai-based market researcher Proleads estimates.

The Dubai government will seek to raise about $1 billion from a bond
sale this week, two bankers familiar with the plan said Sept. 23. The
bond sale will tap the market for the first time since Dubai World’s
debt restructuring.

“When I talk, I talk about Dubai, but we have to talk about the whole
U.A.E. as a country,” Sheikh Mohammed said. “We do things in Abu
Dhabi, we do things in Dubai, we do things in Sharjah. But the
completion will be great.”

Conclusions

They are emerging from the FAT TAIL but the Bounce will not be of the
same Velocity as the DownDraft.

read more



Dubai FM General Index Bloomberg Visual
Emerging Markets

Value1,699.12   
Change-17.710    
% Change-1.032

1,461 lows 30th June -

Conclusions

The Index has rallied 16.29% from those Lows.


#Dubai The Sheikh is back Impossible is Nothing Twitpic
http://www.twitpic.com/2soyho

read more


“We may not recognize the results,” Haj Majid Sowar NCP’s mobilization secretary #Sudan Bloomberg
Law & Politics

Sudan’s ruling party said it may reject the results of Southern
Sudan’s vote on independence in January unless the south allows free
campaigning and pulls troops out of disputed areas.The authorities in
Southern Sudan have stifled campaigning and deployed their soldiers
outside of areas stipulated by a 2005 peace agreement that ended two
decades of civil war between the north and south, Haj Majid Sowar, the
National Congress Party’s mobilization secretary, told reporters today
in Khartoum, the capital.

“We may not recognize the results,” he said. Sudan may take its
complaints to the United Nations, the U.S., the African Union and
other parties involved in monitoring the implementation of the peace
agreement, he said.

The independence vote is a key component of the peace accord.
President Umar al-Bashir’s NCP and the former rebels of the Sudan
People’s Liberation Movement haven’t agreed on post-referendum
arrangements such as the regions’ responsibility for foreign debt,
sharing the nation’s oil wealth and citizenship rights in both
regions.

“The first thing that will be dropped from the southerners if they
choose secession is the citizenship,” said Sowar, who is also Sudan’s
minister for youth and sports.

As many as 1.5 million Sudanese now live in northern Sudan, according
to New York-based Human Rights Watch.

Conclusions

The Noise Levels are rising.

read more


Wal-Mart Bids $4.6 Billion for South Africa's Massmart @wsjafrica
Retail & Manufacturing

Wal-Mart's proposed offer—the company's biggest acquisition in more
than a decade—would represent a relatively high premium for Massmart,
a 290-store chain operating in 13 African nations.Yet a deal would
give the Bentonville, Ark., giant a critical foothold to expand in
Africa and allow Wal-Mart to beat European multinational rivals
Carrefour SA, Tesco PLC and Metro AG into the potentially lucrative
sub-Saharan market.Massmart would serve as "a fantastic entry point to
a broader part of the continent," said Andy Bond, a former chief
executive of Wal-Mart's U.K. subsidiary Asda, who is spearheading the
purchase. Massmart already is expanding beyond its South Africa base,
Mr. Bond said in an interview Monday.

Wal-Mart's African foray is risky, however. The offer is roughly 13
times Massmart's pretax earnings and would place Wal-Mart into a
politically combustible region.

"Massmart is well positioned as a springboard for sub-Saharan Africa,
but we believe that it will take a much longer time period for the
company to earn its cost of capital in Africa," said Janney Montgomery
Scott analyst David Strasser. "For every relatively stable country
like Botswana, there is a Zimbabwe."

Founded in 1990, Massmart operates several chains, including Game
general-merchandise stores, Makro warehouse-club stores and Builders
Warehouse for construction and home improvement.Massmart is one of
several large chains, including Shoprite Holdings Ltd. and Woolworths
Holdings Ltd., that dominate South Africa and have expanded into
neighboring countries. Massmart reported sales of 47.55 billion rand
in the fiscal year through June, up 10% from a year earlier.

Massmart's shares closed 11% higher at 149 rand in Johannesburg,
giving the company a market value of about 30 billion rand and
indicating that Wal-Mart may have to adjust its offer somewhat higher.
Wal-Mart shares fell 60 cents to $53.48 in 4 p.m. composite trading on
the New York Stock Exchange.

Conclusions

You know Africa is popping over the Radar when Wal-mart elect to
conduct their biggest acquisition in 10 Years on that very Continent.
Last Year India Inc. closed its second biggest Acquisition ever via
the purchase by Bharti of the Zain Africa Assets, One senses a Tipping
Point has been past and what was an Investment Trickle risks turning
into a Deluge.

With respect to the Political Risk Indicators. The Broad Trend has
been one way and thats lower. There are a few Recalcitrants but the
c21st has arrived on Africa's shores [predominantly through the
Arrival of the Mobile Phone - Which has now connected Africa to each
other and The World] and the Landscape a new and disjunctive one.

The Tape is often the most accurate messenger. This Year South Africa
sold 400% more Bonds to Foreign Investors than in any previous Year.
Thats a Step Change and a Rising Tide.

read more


South Africa All share Bloomberg Visual +4.6746% 2010 highest level since April 26
Africa


Value28,959.42   
Change244.650    
% Change0.852

Massmart Holdings Ltd. (MSM SJ) rose to the highest level since at
least July 2000, advancing 14.25 rand, or 11 percent, to 149 rand.
South Africa’s biggest food and general goods wholesaler said it
received a non-binding proposal from Wal-Mart Stores Inc. to buy the
company for 148 rand a share.

read more


South Africa spent a bundle on stadiums, but World Cup will pay off Christian Science Africa Monitor
Africa

The sense I have is that the World Cup has tipped the country in ways
that are difficult to measure empirically.

Conclusions

What I can measure is the Strength of the Rand [2 and 1/2 Year Highs],
The Amount of Bonds that have been sold to Foreign Investors +400%
versus any Previous Year and this recent Walmart Foray, all of which
confirm a Trend Change.

Dollar Rand Live ForexPros 7.0148
http://bit.ly/cugYVT

6.85 Objective.

read more


TUNIS SE Index Bloomberg Visual +30.604% 2010 New All Time High
Africa

Value5,599.28   
Change17.650    
% Change0.316

Conclusions

The most constructive Bull Channel of any Africa Index.

read more


Nigeria All share Bloomberg Visual +7.586% 2010
Africa

Value22,407.50   
Change-281.590    
% Change-1.241

The Nigerian Stock Exchange All- Share Index fell for a sixth day, the
longest streak of losses since March 22.

We are 21.469% off the April 2010 Highs.

Conclusions

Elections looming might even go back to test levels nearer 20,000.

read more


Nairobi NSE20 Share Index Bloomberg Visual +41.33% 2010
Africa

4,589.83

4666 Area was the 2010 High on 9th August.

Conclusions

It would have been materially in new 2010 High Territory but for the
Safaricom move from 6.15 on 9th August to 4.30 last.

read more


Kenya Shilling versus the Dollar ForexPros 80.75
World Currencies

Conclusions

Given the Euro Bounce The Shilling would be below 80.00 but for Market
Participants warily looking for the Central Bank, over their Shoulder.

read more


Mumias to start production of ethanol next year, says Kidero Nation
N.S.E Equities - Industrial & Allied

Mumias Sugar Company plans to start production of ethanol by the end
of next year.The plant that is expected to produce about 22 million
litres of ethanol a year will be the latest addition to the firm’s
portfolio.According to the company, the ethanol will be targeted for
sale within the East African Community and Comesa member states.It
already has a co-generation plant and is working on the finer details
of a carbon trading initiative at its Mumias factory.

A consortium of Ecobank and Commercial Bank of Africa will finance the
project at Sh1.6 billion.The company will, however, raise the rest of
the Sh3.6 billion total costs from its reserves.

Last year, the government through the Energy Regulation Commission
(ERC) gazetted the blending of fuel with ethanol.This was expected to
start this month at the Kenya Pipeline Company depots in Eldoret,
Kisumu and Nakuru at 10 per cent with petrol.

Conclusions

Shareholders have yet to factor this Income Stream into the Earnings Curve.

Mumias beats local firms to carbon millions Business Daily
http://bit.ly/aRivjS

Mumias Sugar Company has become the first Kenyan company to receive
payment for reduction of carbon dioxide emissions, paving the way for
others to open fresh income streams from carbon trading.The sugar
miller will receive Sh22 million from selling 43,000 tonnes of carbon
dioxide arising from its electricity generation plant that uses sugar
waste.

Carbon trading involves the purchase of credits by mainly European and
Asian firms that have exceeded their emissions limits.Trading happens
in exchanges in the US and Europe.Mr Peter Kebati, the Mumias chief
finance officer, said the carbon credits arose from electricity
generated between May 2009 and February this year.The miller earned
Sh359 million from the power it sold to KPLC in the year to June.

“We expect a minimum price of $6.5 for every tonne and we plan to
apply for new verification for the period of March to December this
year,” said Mr Kebati.

Under the deal, Mumias sold its carbon credits to Japanese Carbon
Finance, which will shop for buyers at the global climate
exchanges.KenGen hopes to sell 177,600 tonnes of carbon annually by
generating power from geothermal sources.

The announcement by Mumias that they are set to receive payment is
expected to ignite interest in conserving the environment and entering
the climate market now estimated to be worth more than $30 billion
(Sh2.1 trillion) by Unep.

“Lots of companies are sitting on huge carbon assets,” says Tom Owino,
the vice president of the local office of JP Morgan Climate Care.
“People are aware, but the proposals they present are poorly done,” he
said.

Mumias Sugar share price data from www.rich.co.ke
http://bit.ly/9wYIOg

Par Value:                  2/-
Closing Price:          11.90
Total Shares Issued:          1,530,000,000
Market Capitalization:        18,207M
EPS:            1.05
PE:                11.333

read more





 
 
N.S.E Today

The NSE20 closed 15.28 points better at 4605.11.
The NASI firmed 0.60 points to close at 98.3997.
Market Cap was 1.167451 Trillion versus 1.160266 Trillion.
Equity Turnover was 364.41m versus 339.598m.

The Bourse remains in a Bull Channel and looks set to break to New
Highs. Strength is very evident in the Big Cap Banking Stocks,
Scangroup and the Industrial Segment.



N.S.E Equities - Agricultural

Kakuzi firmed 0.62% to close at 81.00. Kakuzi has returned 154.22%
over 12 months and trades on a Trailing PE of 4.642.

Kakuzi Limited share price data www.rich.co.ke
http://bit.ly/5bxXIz

Par Value:                  5/-
Closing Price:          80.50
Total Shares Issued:          19,600,000
Market Capitalization:        1,578M
EPS:            17.34
PE:                4.642

Sasini Tea improved to close at 13.40 and traded 15,100 shares.
Rea Vipingo was marked down to close at 17.30 and traded 8,200 shares.



N.S.E Equities - Commercial & Services

Safaricom

shares volume     12,242,400
total turnover      53,231,396
avg price     4.35 Closing Price 4.35 +1.165%
high price     4.40
low price     4.30
last price     4.40

Conclusions

Safaricom was trading at 4.40 +2.33% into the close. Safaricom has
retreated 28.455% from 6.15 levels printed on 9th August and Today saw
Buyers push back as they judged the Sell Off overdone, which it is.
Safaricom was the 2nd most actively traded share at the Bourse.

Safaricom share price data www.rich.co.ke
http://bit.ly/d9amsi

Par Value:                  0.05/-
Closing Price:          4.30
Total Shares Issued:          40,000,000,000
Market Capitalization:        172,000M
EPS:            0.38
PE:                11.316

ScanGroup rose 1.75% to close at 58.00 a new all time Closing High.
ScanGroup traded 18,300 shares [with demand 10x That Figure] and a
session high of 58.50. ScanGroup has posted a 128.076% 12 month
return.

ScanGroup share price data www.rich.co.ke
http://bit.ly/c1tlje

Par Value:                  1/-
Closing Price:          57.00
Total Shares Issued:          220,689,648
Market Capitalization:        12,579M
EPS:            1.81
PE:                31.492

Kenya Airways rose 0.56% to close at 45.00 and traded a 44.75-46.00
range and 34,300 shares. Kenya Airways has returned 124.418% over 12
months but now sits 31.81% off its 2010 High of 66.00 from March This
Year.

Kenya Airways share price data www.rich.co.ke
http://bit.ly/ax6Ydy

Par Value:                  5/-
Closing Price:          44.75
Total Shares Issued:          461,615,488
Market Capitalization:        20,657M
EPS:            4.40
PE:                10.170

Marshall eased 0.32% to close at 15.80 and traded 350,400 shares worth
5.536m. It barely trades but a Goodly Piece of the Equity has
transferred of late.

Marshalls share price data www.rich.co.ke
http://bit.ly/bcf6zv

Look at the Shares Traded Graph.

Standard ramped 8.522% higher to close at 47.75 and traded 4,500 shares.
Nation was unchanged at 166.00 and traded 15,700 shares.

CMC Holdings was unchanged at 13.00 and traded a 13.00-13.10 range and
363,300 shares.
CarGen did not trade.

Access Kenya closed at 17.95 and traded 30,900 shares.

TPS Serena was low ticked 3.2% to close at 60.50 and traded 48,500
shares. The Rights Issue shares were available for Trading from
yesterday.



N.S.E Equities - Finance & Investment

KCB rallied 1.53% to close at 19.95. KCB traded a 19.90-20.00 range
and 1.221m shares worth 24.406m. Demand on the Board was for 3.4m
shares.KCB bottomed out at 17.80 levels and trades on a Trailing PE of
12.76 which looks very inexpensive.

Kenya Commercial Bank share price data www.rich.co.ke
http://bit.ly/bshUrX

Par Value:                  1/-
Closing Price:          19.65
Total Shares Issued:          2,950,259,712
Market Capitalization:        57,973M
EPS:            1.54
PE:                12.760

COOP Bank rallied 1.45% to close at 17.45 and traded session highs of
17.65. COOP Bank traded a 17.30-17.65 range and 704,900 shares worth
12.313m. COOP Bank had Demand for over 3m shares and look set to test
its all time Closing High of 17.90 printed 19th August this Year.

COOP Bank share price data www.rich.co.ke
http://bit.ly/b3u10z

Equity Bank rallied 0.97% to close at 26.00 and traded a 25.75-26.25
range and 941,900 shares. There was Demand for 3.5m shares.
Barclays Bank rose 0.74% to close at 68.50 and traded a 68.00-69.00
range and 169,800 shares. Barclays Bank is 2.14% off its 2 Year High
of 70.00.
StanChart rose 0.37% to close at 271.00 and traded 4,500 shares.

CFC StanBic firmed 2.32% to close at 88.50 and traded a 86.00-89.00
range and 149,100 shares worth 13.256m. CFC Stanbic has posted a
62.385% 12 month return and has rallied 132.89% off its 38.00 26th
March 2010 low. 94.5 is the 12 month High.
DTB traded 33,200 shares all at 110.00 +0.92%.
HFCK rallied 1.92% to close at 26.50 and traded 56,300 shares.
NBK bucked the trend and closed 0.65% easier at 38.00 and traded 29,400 shares.
NIC was unchanged at 45.75 and traded 13,000 shares.

Centum rallied 2.04% to close at 25.00 and was trading at 25.75
session highs towards the close. Centum has rallied 136.052% over 12
months and this is a 27 month high.

Kenya Re firmed 5 cents to close at 11.90 and traded 282,600 shares.
Jubilee did not trade.
PanAfric closed at 72.00 -4.002% and traded 2,100 shares.

Olympia Capital was unchanged at 7.00.



N.S.E Equities - Industrial & Allied

EABL was the most active Counter at the Bourse. EABL firmed 0.51% to

close at 196.00 a 26 Month Closing High. EABL's all time Closing High
is 216.00 [5th June 2008]. EABL traded a 196.00-197.00 range and
319,500 shares worth 62.711m.

EABL share price data www.rich.co.ke
http://bit.ly/57wrgL

Par Value:                  2/-
Closing Price:          195.00
Total Shares Issued:          790,774,336
Market Capitalization:        154,201M
EPS:            9.09
PE:                21.452

BAT rose 0.74% to close at 271.00 a new all time Closing High and
traded 2,100 shares with very little Supply showing.

KenolKobil traded 3rd at the Bourse. KenolKobil was unchanged at 10.15
and traded a 10.00-10.30 range and 3.526m shares worth 35.804m.
KenolKobil has posted a 110.584% 12 month return and is n0w 7.72% off
its 07th May 2010 high of 11.00 and has rebounded 16.66% from its 8.70
Closing Low 17th September.

KenolKobil share price data www.rich.co.ke
http://bit.ly/bAJ2wb

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

Total traded 27,400 shares at 32.00 +0.79%.

Carbacid retreated 1.11% to close at 178.00 and traded 4th at the
Bourse with 166,600 shares worth 29.658m changing hands.
BOC Gases traded 900 shares at 145.00 -2.68%.

KPLC traded 5th overall at the Bourse. KPLC reatreated 2.48% to close
at 236.00 and traded a 234.00-238.00 range and 109,600 shares worth
25.95m.
KenGen was unchanged at 18.50 and traded 432,500 shares worth 8.001m.
Cables closed at 18.70 and traded 148,000 shares.

Mumias Sugar eased 1.26% to close at 11.75 and traded an 11.65-11.90
range and 1.054m shares worth 12.403m. Sugar Prices are up just under
100% from their Lows and the Price has not yet reacted to the Ethanol
[and Carbon Credits] News.

Bamburi Cement traded a 100 shares at 212.00 +0.47%.
ARM eased 1.6875% to close at 175.00 and traded 2,300 shares.
Portland traded 100 shares at 124.00 unchanged.

Crown Berger was unchanged at 35.00 with 16,800 shares traded.
Eveready eased 1.28% to close at 3.85 and traded 41,400 shares.
Sameer firmed 0.58% to close at 8.70 and traded 10,700 shares.
Unga was marked down 6.47% to close at 13.00 and traded 27,500 shares.



by Aly Khan Satchu (www.rich.co.ke)
 
 
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September 2010
 
 
 
 
 
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  aly khan says:
september 29th, 2010 at 09:21 am
Wal-Mart could lead corporate #America into #Africa CS Monitor Aly-Khan Satchu
http://bit.ly/9ASLGt