|Friday 06th of February 2015
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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 on the Front Page of the site
Today could be a very interesting day.
10CC - Dreadlock Holiday @YouTube
Aysha's Mother says to me ''Aysha wants some perfume and its called
Dolce and Gabbana The One''
She says it has to be this perfume. Nishet made me take a photograph
so that there was no possibility for Error.
I bought Nishet Panthere by Cartier because that Pablo Neruda poem was
spinning in my mind.
I Crave Your Mouth - Pablo Neruda
I crave your mouth, your voice, your hair.
Silent, starving I prowl through the streets.
Bread does not nourish me, dawn disquiets me,
I search the liquid sound of your steps all day.
I hunger for your sleek laugh,
For your hands the color of the wild grain,
I hunger for the pale stones of your fingernails,
I want to eat your skin like a whole almond.
I want to eat the sunbeam flaring in your loveliness,
The nose, sovereign of your arrogant face,
I want to eat the fleeting shade of your lashes,
And I walk hungry, smelling the twilight
Looking for you, for your hot heart,
Like a puma in the barren wilderness.
And for my little One who has become a book-worm I bought Malala's
“The continent is too large to describe. It is a veritable ocean, a
separate planet, a varied, immensely rich cosmos. Only with the
greatest simplification, for the sake of convenience, can we say
'Africa'. In reality, except as a geographical appellation, Africa
does not exist.”
― Ryszard Kapuściński, The Cobra's Heart
“If the crowd disperses, goes home, does not reassemble, we say the
revolution is over.”
― Ryszard Kapuściński
“Oil kindles extraordinary emotions and hopes, since oil is above all
a great temptation. It is the temptation of ease, wealth, strength,
fortune, power. It is a filthy, foul-smelling liquid that squirts
obligingly up into the air and falls back to earth as a rustling
shower of money.”
― Ryszard Kapuściński, Shah of Shahs
“Oil creates the illusion of a completely changed life, life without
work, life for free. Oil is a resource that anaesthetises thought,
blurs vision, corrupts.”
― Ryszard Kapuściński, Shah of Shahs
“There is a lot of warmth in an old cognac, a lot of sun. It will go
to one’s head calmly, without hurry.”
― Ryszard Kapuściński, Imperium
Merkel and @fHollande to Visit Russia, Ukraine to Defuse Crisis
Law & Politics
German Chancellor Angela Merkel and French President Francois Hollande
will travel to Ukraine and Russia to seek a way to defuse escalating
violence in eastern Ukraine.
Merkel and Hollande will meet with Ukrainian President Petro
Poroshenko in Kiev today and Russian President Vladimir Putin in
Moscow tomorrow, both governments said.
“Peace is under threat at the borders of Europe,” Hollande told
reporters today in Paris. “In Ukraine, there is a war,” he said,
referring to a “new initiative” from the two leaders to try to resolve
Ukraine devalued its currency by 33 percent Thursday, a move that earned praise from the International Monetary Fund amid talks for a bailout
Law & Politics
Airstrikes against ISIS militants are a "psychological operation," not
a military one, Iranian President Hassan Rouhani told CNN's Christiane
Amanpour in an interview that aired Friday.
"We need a vast campaign of operations ... the aerial bombardment
campaign is mostly, I would say, a form of theater, rather than a
serious battle against terrorism."
17-SEP-2012 "Hatred, jealousy, and greed - emotions, rather than
strategy - will set the terms of [information warfare] struggles".
This information warfare will not be couched in the rationale of
geopolitics, the author suggests, but will be "spawned" - like any
Hollywood drama - out of raw emotions. "Hatred, jealousy, and greed -
emotions, rather than strategy - will set the terms of [information
PARKOUR NO OBSTACLES Navigating the world by leaps and bounds @Newyorker
Law & Politics
Parkour, a made-up word, cousin to the French parcours, which means
“route,” is a quasi commando system of leaps, vaults, rolls, and
landings designed to help a person avoid or surmount whatever lies in
his path—a vocabulary, that is, to be employed in finding one’s way
among obstacles. Parkour goes over walls, not around them; it takes
the stair rail, not the stairs. Spread mainly by videos on the
Internet, it has been embraced in Europe and the United States by
thrill seekers and martial-arts adepts, who regard it as part extreme
sport—its founder would like to see it included in the Olympics—and
part gruelling meditative pursuit. Movies like its daredevil
qualities. The movements are performed at a dead run. The more
efficient and fluid the path they define, and the more difficult and
harrowing the terrain they cross, the more elegant the performance is
considered by the discipline’s practitioners.
A young man who practices parkour is called a traceur; a woman is a traceuse.
Currency Markets at a Glance WSJ
Dollar Index 93.56
Japan Yen 117.38
Swiss Franc 0.9230
India Rupee 61.735
South Korea Won 1088.82
Brazil Real 2.7454
Egypt Pound 7.6269
South Africa Rand 11.3075
Denmark’s central bank scrambled to defend its under-pressure currency
peg, cutting its benchmark interest rate for the fourth time in less
than three weeks.
Non-farm payrolls probably increased 234,000 last month after
advancing 252,000 in December, according to a Reuters survey of
economists. It would be the 12th straight month of job gains above
200,000, the longest streak since 1994.
Callum Henderson, global head of FX research for Standard Chartered
Bank in Singapore, said Standard Chartered's baseline expectation is
that non-farm payrolls will increase by around 260,000.
The market could show a sharp reaction if the increase in non-farm
payrolls turns out to be either less than 200,000, or more than
300,000, Henderson said, adding that such results could lead to "quite
a bit of volatility".
Dollar Index 3 Month Chart INO 93.563
The dollar index, which measures the greenback's value against a
basket of major currencies, held steady at 93.556. The dollar index
has retreated over the past couple of weeks after hitting an 11-year
high of 95.481 on Jan. 23.
Euro versus the Dollar 3 Month Chart 1.1471
The euro eased 0.1 percent to $1.1469, after having surged 1.2 percent
the previous day in a short covering rally.
The euro's rise on Thursday was helped by reports that the European
Central Bank had agreed to allow Greece's national central bank to
grant its banks emergency funding of up to 60 billion euros.
Views that the Swiss National Bank had bought euros to weaken the
Swiss franc had also supported the common currency on Thursday.
Barclays Expects Euro Parity with Dollar by Year-End @WSJ
“Victory for the radical Greek party Syriza at the recent general
election has underscored these concerns, and we believe that the
likelihood of a Greek exit is now significantly higher than at any
point in 2012,” Barclays writes. “As a result, focus is increasingly
shifting to Spain and Portugal, which are both scheduled to hold
general elections this year and where independence parties have also
gained in popularity.”
The $755 Condom Pack Is the Latest Indignity in Venezuela @Bloomberg
Venezuelans who already must line up for hours to buy chicken, sugar,
medicines and other basic products in short supply now face a new
indignity: Condoms are hard to find and nearly impossible to afford.
“The country is so messed up that now we have to wait in line even to
have sex,” lamented Jonatan Montilla, a 31-year-old advertising
company art director. “This is a new low.”
A collapse in oil prices has deepened shortages of consumer products
from diapers to deodorant in the OPEC country that imports most of
what it consumes, with crude exports accounting for about 95 percent
of its foreign currency earnings. As the price the country receives
for its oil exports fell 60 percent in the past seven months, the
economy is being pushed to the brink with a three-in-four chance of
default in the next 12 months if oil prices don’t recover.
The impact of reduced access to contraceptives is far graver than
frustration over failed hookups. Venezuela has one of South America’s
highest rates of HIV infection and teenage pregnancy. Abortion is
10-NOV-2014 :: Ouagadougou's Signal to Sub-Saharan Africa
The tipping point for this accelerated sequence of events was
President Compaoré stacking parliament in order to extend the
presidential term limit. There are plenty of African presidents who
are seeking to pull off the same magic trick and events in Ouagadougou
have surely put them on notice.
Nigeria to keep February 14 presidential election date
Nigeria's Council of State has decided to stick with Feb. 14 as the
date for its presidential election, Imo state governor Rochas Okorocha
said on Thursday, allaying concerns that the poll might be postponed.
National Security Advisor Sambo Dasuki caused outrage in opposition
ranks last month by calling for a delay due to the slow distribution
of voter I.D. cards.
President Goodluck Jonathan of the ruling People's Democratic Party
(PDP) will face former military ruler and main opposition candidate
Muhammadu Buhari of the All Progressives Congress (APC) in the
The APC has criticized calls for a delay, saying this would cast doubt
on the election and arguing the PDP sought a postponement because it
"The date remains Feb. 14, INEC (Independent National Electoral
Commission) reassured us that they are prepared to conduct the
election," Okorocha told journalists.
On Wednesday, INEC said it had distributed 44 million cards out of
68.8 million, with just 10 days to go.
Eleven states out of 36, plus the federal capital territory, had
distributed less than 60 percent of their cards. Lagos, the most
populous state and an opposition stronghold, had handed out less than
Angola seeks $1bn in loans as oil price falls FT Subscriber
Angola has dramatically slashed its budget for the year and is
reaching out to the World Bank and international lenders for at least
$1bn in loans as Africa's second-biggest oil producer and one of the
continent's star economic performers grapples with the fallout from
the collapse in crude prices.
Luanda has already approached Goldman Sachs and Gemcorp Capital LLP, a
small London-based investment firm set up last year, for loans of
$250m from each institution.
Both groups declined to comment. But people familiar with the matter
said the approaches by the government were made after José Eduardo dos
Santos, the veteran president, issued decrees authorising his
administration to seek the loans.
The government is also in talks with the World Bank over a possible
$500m soft loan for budgetary support to help narrow its financing
gap. It would be the first such loan provided by the bank to Angola.
"The main thing is to provide some short-term support for the sharp
reduction in revenue," Souleymane Coulibaly, the World Bank's lead
economist for Angola, told the Financial Times.
"They are considering their priorities, where to cut, to try to make
sure the social element is still protected somehow.
"But the reform programme that will be supported by the budget support
is to strengthen fiscal management in the medium term."
Angola, still rebuilding after a 27-year civil war, has seen strong
growth as its oil industry has rapidly expanded and the state has
invested heavily in infrastructure.
But last month the government effectively wiped $14bn off this year's
budget after it reduced its assumed oil price from $81 a barrel to $40
Oil accounts for about 98 per cent of Angola's export earnings, more
than two-thirds of government revenues and 44 per cent of gross
The industry surged after the civil war ended in 2002 and Angola's
target is to hit production of 2m barrels per day this year.
It is already the second-biggest supplier of oil to China after Saudi
Arabia since 2005, while Beijing has been a key source of finance and
investment in Angola.
But while the oil boom helped drive double digit economic growth in
the decade after the war ended, the fall in crude prices has
graphically illustrated the government's failure to reduce Angola's
vulnerability to crude price shocks.
"Obviously when you are an economy with exports and fiscal receipts
dependent on oil, the impact will be very negative for the budget,
balance of payments and the exchange rate," said Victor Lopes,
economist at Standard Chartered.
"The negative impact is already being felt by many corporates which
can't get enough FX because of the liquidity shortage that is a
consequence of collapsing exports."
Standard Chartered estimates that Angola's fiscal break-even oil price
is around $110 a barrel, and is forecasting that the budget deficit
will widen to at least 7 per cent of GDP this year.
It is basing its calculations on oil averaging $85 a barrel this year,
up from its current price of about £54.
The currency, the kwanza, has also been trading at record lows to the US dollar.
Mr Lopes says he expects the government to cut "massively" on its
planned infrastructure projects, adding that some have already been
Mr Coulibaly said in the short term the key was to make sure "the poor
and vulnerable" were protected from the spending cuts.
Despite its oil wealth, more than a third of the 24m population lives
on less than a $1 a day, illustrating the huge disparities that exist
between the elite and the masses.
Critics accuse the regime of Mr dos Santos — who has been in power for
36 years — of wastage, cronyism and corruption, and using petrodollars
to enrich a politically connected cabal.
But Mr Coulibaly said the World Bank had "mitigation measures" to
counter any potential concerns around graft.
"Angola is not the first country to have the rumour or reality of
corruption," he said.
"Our most important objective is to engage with them because they are
a valuable partner — it's the third-largest economy in Africa."
Kenyan Treasury Secretary Henry Rotich said he expects crude oil prices to recover and that their 47 percent decline over the past six months won’t affect the development of the local oil and gas industry.
The East African nation, where crude deposits discovered in 2012 are
being developed for production, is trying to position itself as the
petroleum logistical hub for a region that includes oil-exporter South
Sudan and Tanzania, which has estimated natural gas deposits of at
least 50.5 trillion cubic feet.
Japan’s Toyota Tsusho Corp. won a contract last year to supervise
construction of an oil pipeline from Kenya to neighboring Uganda,
where crude output may begin by 2018 amid plans to develop a 60,000
barrel-per-day oil refinery that will be partly owned by Uganda and
other countries in the region.
“We think the price drop is temporary,” Rotich said in a phone
interview on Feb. 3 from the capital, Nairobi. The government won’t
scale down anything, he said.
Kenya will “prioritize” the building of a pipeline “in partnership
with the private sector in order to position itself as a preferred
regional petroleum transporter of choice,” the Treasury said in a
budget document for 2015, a copy of which was seen by Bloomberg.
In Kenya, first crude production is expected by the end of the decade,
with the government having licensed 41 out of its 46 oil and gas
blocks to 21 companies including Tullow Oil Plc, Africa Oil Corp., BG
Group Plc, Eni SpA, Anadarko Petroleum Corp. and Total SA.
The Nairobi All Share eased back 0.18 points off a record closing High
to close at 168.19.
Egypt +11.68%, South Africa +3.93% and Nairobi +3.25% have been
sucking in more than their fair share of inward SSA Flows as Investors
redirect monies away from Nigeria which is down -12.86% and right up
against what looks like a contentious election.
The Nairobi NSE20 ticked 3.69 points lower off a 4 month high to close
The Teflon Shilling was last trading at 91.394 and at its strongest
level since Jan 20 ''after a surge of dollar inflows caught the market
unawares'' via Reuters.
Kenya has cut this financial year's local borrowing target by close to
a quarter which is a bullish development as this should trigger a
positive spill-over into the Equity Markets.
N.S.E Equities - Agricultural
Kakuzi rallied +5.91% to close at 215.00 and traded 2,000 shares.
@BD_Africa carried a story today about the investor John Kibunga
Kimani who apparently has raised his stake to 25 per cent.
N.S.E Equities - Commercial & Services
Safaricom closed unchanged at 14.55 but was trading at session highs
of 14.70 +1.30% at the Finish, on the same day that @Citi issued a
research Report with a price Target of 16.00. Safaricom is +3.55% in
2015 and Buyers outpaced Sellers by a Factor of 89 versus 15
signalling further upside movement towards 15.00 a record closing High
US aviation officials will conduct a final review of security
arrangements at Jomo Kenyatta International Airport in March or April
pending a decision on whether to allow direct flights between Kenya
and America and this will surely be a powerful fillip for Kenya
Airways. Kenya Airways firmed 0.92% to close at 11.00 and has surged
+26.346% this year as a World-wide Airline stock Rally finally caught
up with kenya Airways in January this year.
N.S.E Equities - Finance & Investment
Kenya Commercial Bank firmed 0.83% to close at 59.50 and 0.833% below
a record closing high reached last Year. Buyers outpaced Sellers by 5
versus 1 which is a bullish signal. Expect a Fresh record closing High
as early as next week.
Barclays Bank rallied +1.796% to close at 17.00 and on solid volume of
Equity Group rowed back 0.93% to close at 53.00 and traded 1.109m
shares. Equity Group has rallied +6.00% through 2015.
CO-OP Bank closed unchanged at 20.00 and traded 2.141m shares. CO-OP
Bank rebounded strongly lately and is back to unchanged for 2015.
Jubilee Holdings firmed +1.18% to close at 515.00 and is now +14.444%
in 2015. The Insurance sector has been red hot with the latest move
being made by Old Mutual PLC which swooped on the unlisted UAP
N.S.E Equities - Industrial & Allied
KenolKobil was the most actively traded share at the Securities
Exchange and closed +2.0408% at 10.00 and traded good volume of 8.54m
shares worth 85.474m. KenolKobil has rallied +4.712% over the last two
trading sessions and +14.9425% in 2015.
.@KenolKobil share price data here +14.9425% 2015
Mumias Sugar rebounded +6.7796% to close at 3.15 and traded 3.655m
shares. Buyers outpaced Sellers by a Factor of 7 versus 1 at the
closing bell signalling further upside Traction next week. Mumias
Sugar is the best performing share at the NSE in 2015 and has served
up a blistering +61.53% return this year.
Mumias Sugar share price data +61,53% 2015
Unga rallied +4.17% to close at 43.75 and traded 8,700 shares. Unga is
+10.06% in 2015 and that follows on a very strong performance in 2014.
KenGen eased 0.512% to close at 9.70 on heavy volume action of 1.726m
shares and was trading at 10.30 +5.64% session highs at the Finish
Line. KenGen has rowed against the tide in 2015 and is -5.82% this
year. Todays action is signalling the Price might have based out.