23rd April 2018
Authorised N.S.E Data Vendor
  home | rich profile | rich freebies | rich tools | rich data | online shop | my account | register |
  rich wrap-ups | **richLIVE** | richPodcasts | richRadio | richTV  | richInterviews  | richCNBC  | 
Satchu's Rich Wrap-Up
Tuesday 10th of February 2015

Register and its all Free.

If you are tracking the NSE Do it via RICHLIVE and use Mozilla Firefox
as your Browser.
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 on the Front Page of the site

read more

09-FEB-2015 King Dollar @TheStarKenya

ON Friday, the United States released its typically market-moving
non-farm payroll numbers. After interrogating the released data, I
realised that the US posted the largest three-month payroll gain going
back to 1997.

That was plain another era in 1997 and I looked up the music from that
year to better anchor that period in my mind. I discovered that Toni
Braxton's 'Unbreak my heart', Biggy's 'Hypnotise' and Elton John's
'Candle in the wind' - in remembrance of the late Princess of Wales,
Diana Frances - were the big hits that year. In 1997, I was running a
Repo desk [a section in the capital markets divisions in investment
and commercial banks] in the City of London. The US economy was of
course the only one worldwide that the International Monetary Fund saw
fit to upgrade in its January 2015 World Economic Outlook report.
Earlier this year I characterised the US economy as 'The come-back kid
of 2015'.

Buy the dollar. It is as one-way a bet as it ever gets.

Macro Thoughts

Home Thoughts

read more

"The issues now are - does Iran have the political will and the desire to get a deal done?" @BarackObama said
Law & Politics

Ukraine crisis: Europe's borders cannot be 'redrawn with the barrel of
a gun' says Barack Obama


US President Barack Obama has said the international community cannot
"stand idle" and allow Europe's borders to be redrawn with the barrel
of a gun, as the conflict in Ukraine shows no sign of abating.

As he stood beside German Chancellor Angela Merkel at the White House
following talks about the prospect of reviving a peace plan to end the
conflict, Obama warned Russia that its isolation "will only worsen
both politically and economically" if it continues on its current

Obama went on to stress that both the US and its European allies
remain committed to finding a diplomatic solution to tensions with
Russia over Ukraine, as he pledged to keep up economic sanctions on
the nation.

"Nobody has ever talked to the president in the tone of an ultimatum -
and could not do so even if they wanted to," Peskov was quoted as

Merkel said it was crucial that the West stand up for Ukraine.

"If we give up this principle of territorial integrity of countries,
then we will not be able to maintain the peaceful order of Europe,"
she warned.

Their remarks come after Vladimir Putin warned Ukraine is on a
"dead-end track fraught with a big catastrophe" if it continues with
its military operations in the east of the country ahead of key peace
talks later this week.


The Europeans are bailing on the hard-core contain Ukraine Plan.

@Slate  @BarackObama and Merkel


read more

The confrontation in Ukraine was "not caused by the Russian Federation" and an "immediate" cease-fire is needed, Putin said in an interview with Egyptian daily Al-Ahram published ahead of his visit to Cairo Monday.
Law & Politics

The crisis "emerged in response to the attempts of the U.S. and its
Western allies who considered themselves 'winners' of the Cold War to
impose their will everywhere," he said.

read more

Bahrain closes Saudi prince's TV channel after less than 24 hours @AFP
Law & Politics

Dubai (AFP) - Bahrain on Monday permanently closed a Saudi
billionaire's pan-Arab news channel after less than 24 hours on air,
in what an analyst called a worsening of press freedom.

''It has been decided to halt the activities of Alarab, the channel
not having received the necessary permits," a statement from the
Bahrain Information Affairs Authority said on Monday.

Shortly after its launch on February 1, programming was interrupted
after Alarab aired an interview with a Shiite opponent of the Gulf
kingdom's Sunni rulers.

Alarab was taken off the air for "not adhering to the norms prevalent
in Gulf countries", the pro-government Bahraini daily Akhbar
al-Khaleej reported at the time.

read more

Currency Markets at a Glance WSJ
World Currencies

Euro 1.1331
Dollar Index 94.48
Japan Yen 118.50
Swiss Franc 0.9230
Pound 1.5236
Aussie 0.7826
India Rupee 61.985
South Korea Won 1090.65
Brazil Real 2.7697
Egypt Pound 7.6320
South Africa Rand 11.5707

Dollar Index 3 Month Chart INO 94.48


read more

@Citi: Oil Could Plunge to $20, and This Might Be 'the End of OPEC'

The recent surge in oil prices is just a "head-fake," and oil as cheap
as $20 a barrel may soon be on the way, Citigroup said in a report on
Monday as it lowered its forecast for crude.

 The market is oversupplied, and storage tanks are topping out.

A pullback in production isn't likely until the third quarter, Morse
said. In the meantime, West Texas Intermediate Crude, which currently
trades at around $52 a barrel, could fall to the $20 range "for a
while," according to the report. The U.S. shale-oil revolution has
broken OPEC's ability to manipulate prices and maximize profits for
oil-producing countries.

"It looks exceedingly unlikely for OPEC to return to its old way of
doing business," Morse wrote. "While many analysts have seen in past
market crises 'the end of OPEC,' this time around might well be
different," Morse said.

Citi reduced its annual forecast for Brent crude for the second time
in 2015. Prices in the $45-$55 range are unsustainable and will
trigger "disinvestment from oil" and a fourth-quarter rebound to $75 a
barrel, according to the report. Prices this year will likely average
$54 a barrel.


read more

13-OCT-2014 It is the US that is the new price setter for the oil markets and this is a deep and important geopolitical development.

The Emirates chief executive Tim Clark was interviewed by Der Spiegel
about MH370. He said: "It's anybody's guess who did what."

My point is that Barack Obama has taken control of the crude oil
cockpit; he is in charge of the airplane. He has control of all the
instruments and it has been a wild ride for the last few weeks, which
could get a whole lot wilder.

read more

Gold 6 month INO 1242.71

Emerging Markets

Frontier Markets

read more

Angola's cabinet has cut proposed 2015 budget spending by 1.8 trillion kwanza ($17 billion) to 5.4 trillion kwanza after slashing expected oil revenues, the Angola News Agency (ANGOP) said

The revised budget figures, based on an oil price of $40 per barrel
rather than the $81 previously forecast, will need to be approved by
parliament, which should be a formality given the ruling party's large

The revised plan forecasts a budget deficit of 7 percent of GDP, a
shortfall that could be partially covered by Angola's $26 billion in
foreign exchange reserves.

Planning Minister Job Graca told ANGOP he expects the economy to grow
6.6 percent this year with the oil sector expanding 9.8 percent, while
inflation should average 7-9 percent.

Some economist think Angola is being too optimistic and project
economic growth closer to 3 percent, down from 4 percent last year and
a peak of 12 percent in 2012.

Oil accounts for around half of Angola's GDP, 80 percent of tax
revenues and 90 percent of export earnings.

South Africa All Share Bloomberg +4.77% 2015


Dollar versus Rand 6 Month Chart INO 11.5707


Egypt Pound versus The Dollar 3 Month Chart INO 7.6320


Egypt EGX30 Bloomberg +10.77% 2015


The benchmark EGX 30 Index rose 11 percent this year, the third-best
performing exchange in local currency terms after Saudi Arabia's
Tadawul All Share Index and the OMX Helsinki 25.

read more

A meeting of minds in Cairo: Billion-dollar arms deal on table as Putin and Abdel Fattah al-Sisi seek closer trade links and alliance against 'terror' @Independent

Vladimir Putin arrived in Egypt last night for talks with his Egyptian
opposite number on new roubles-only trade deals, the sale of billions
of dollars' worth of guns and tanks, and quite probably a new
"anti-terrorist" alliance of the kind Russia already boasts in Syria.

President Abdel Fattah al-Sisi personally escorted Mr Putin from Cairo
airport to an Egyptian Opera House performance of extracts from
Tchaikovsky's Swan Lake and Verdi's Aida, a combination of Tsarist
bourgeois fantasy and ancient Egyptian myth that might reflect the
characters of both men.

Mr Sisi will remember that Bashar al-Assad himself sent a
congratulatory telegram to him when he crushed the Brotherhood, and Mr
Putin will be content if he can bring Egypt into a triple
Cairo-Damascus-Moscow alliance against "terror"

read more

Nigeria's military has six weeks to do what it failed to accomplish in six years: turn the tide against the Islamist militant group Boko Haram.

That's the timeframe Nigeria's national security adviser gave to the
electoral commission to convince it on Saturday to postpone
presidential and legislative elections scheduled for Feb. 14 until
March 28. If the military fails in its task, it may request further
delays, threatening to undermine confidence in Africa's largest
economy, which has already been damaged by falling oil prices and a
weakening currency.

"Public perception is that an additional six weeks is unlikely to
yield a significant improvement in the security outlook," Manji Cheto,
the London-based vice-president at consultancy Teneo Intelligence,
said by e-mail. "If another poll delay occurs, the chances of social
unrest turning highly disruptive will significantly increase."

U.S. Secretary of State John Kerry said he was "deeply disappointed"
by the delay and that "it is critical that the government not use
security concerns as a pretext for impeding the democratic process."

read more

Kenyan Crackdown Stokes Anger, Militancy WSJ Subscriber @HeidiVogt
Kenyan Economy

MOMBASA, Kenya--Police are cracking down on extremism in this bustling
port city, but some young Muslim men say their tactics are only
serving to amplify violence.

Rights groups say a wave of arrests and alleged extrajudicial killings
are enhancing militant Islam's spread across Africa.

When police raided a mosque known for extremist sermons late last
year, a 25-year-old man was among more than 100 followers trucked to a
local jail and crammed into a tiny cell.

He said he spent much of his three weeks in custody trying to sleep
standing up, before he was released without being charged.

"I was treated as a terrorist," said Yassir, who gave only a nickname
because he said he is required to check in weekly with police and was
worried about recrimination.

In that same raid, a former classmate was shot and killed, he said.
Now, the time for peaceful discussion is over, he said. Next time, he
vows to respond the way he said the government does--with force.

Hundreds have been arrested in Mombasa and held without charge for
days, said Muslims for Human Rights, a local advocacy group. So far,
no one has been tried and found guilty, although police said more than
150 people are awaiting trial.

"It's the power, generally, of a very simple narrative--of a war
between the West and Islam," said New York-based Arun Kundnani, an
analyst and author who studies radicalization and political violence.
"I think that's as compelling on the streets of London or Karachi as
it might be in Nairobi or Mogadishu."

When a prominent radical imam was killed in a drive-by shooting in
2012, mobs of people attacked churches. In 2013, the killing of
another cleric spurred local youth to torch a Salvation Army church--an
uprising that left four dead. Neither killing was ever solved.

In February 2014, police raided the mosque seen as the heart of the
extremist movement in Mombasa for the first time, rounding up more
than 100 people and sparking two days of riots that police dispersed
with rubber bullets and tear gas. The police said that they conducted
the raid to prevent an attack and that they found weapons in the

"There is no trust between the police and the Muslim community at all.
It is zero," said Mr. Khalifa of Muslims for Human Rights. "There are
people who will sit there and talk, and lament. Others will take
action. Joining al-Shabaab, it's one way."

Another young man who gave only his first name--Salim--said he set fire
to churches during the riots and attacked a minibus traveling through
his neighborhood, stabbing those inside who appeared Christian based
on their clothes. He said he also uses Facebook and Twitter to post
anti-Christian rhetoric.

"They call it hate speech, but we call it reality," the 23-year-old said.

Salim, who said he has started coordinating between the gangs of youth
and al-Shabaab operatives, said his friends have knives and sharpened
bicycle spokes to attack Christians, but the militants have guns. He
said if he doesn't see any other economic opportunities soon, he would
consider going to Somalia for training.

Yassir said the first time he decided to follow his friends into a mob
of stone-throwing and stabbing was just after the 2012 killing of
radical cleric Aboud Rogo, who preached at the mosque he and other
young men attended.


With Tourism now spilling more People onto the Streets, the Swahili
Coast remains a Tinder Box.

read more

January 26th 2015 As an importer of petroleum, the sharply reduced price will provide a significant stimulus to our economy.
Kenyan Economy

It is very 'grassroots' because everyone buys fuel. This, combined
with lower food prices [oil is a leader in this regard], will juice
the economy meaningfully.

read more

BitBeat: Kenya's BitPesa Raises $1.1 Million, Expands Operations @WSJMoneyBeat
Kenyan Economy

- BitPesa, the Nairobi-based startup that's taken aim at the global
remittance business, announced that it's raised $1.1 million in a
second round of funding led by San Francisco-based Pantera Capital.
Dan Morehead, Pantera's CEO and founder, joined the startup's board of

Other investors included Crypto Currency Partners, Stephens Investment
Management, Bitcoin Opportunity Corp., and Future/Perfect Ventures.
The company, which recently celebrated its one-year anniversary, has
raised a total of $1.7 million.

"We've learned a lot, and we're growing," Elizabeth Rossiello,
BitPesa's CEO and co-founder, told MoneyBeat. The company now has a
staff of nine full-time employees, and has expanded its services
beyond the remittance business. "We're surprised ourselves about how
many people are excited about it."

BitPesa launched its remittance business last spring, beginning with
only the U.K.-Kenya "corridor," and expanding out from there. It's
operating in Ghana, and plans to start offering its services in
Tanzania and Uganda in the first quarter.

"This whole year has been a really big learning curve," she said.

The firm now offers a brokerage service, buying and selling bitcoin on
behalf of customers, and discovered that its remittance service is
collared to some extent by how easy or hard, how cheap or expense, it
is for expats to buy bitcoins in their host countries. Canada's become
a big market for them, Ms. Rossiello said, because buying bitcoin
there is easy. Conversely, the U.K. has been more difficult. "It gives
us a hint about where to move next."

Kenya Shilling versus The Dollar Live ForexPros


Nairobi All Share Bloomberg +3.77% in 2015 and this is a record closing High


169.03 +0.84 +0.50%

read more

Nairobi ^NSE20 Bloomberg +3.59% 2015 [ a more than 4 and a half month high]
Kenyan Economy

5,296.07 +15.35 +0.29%

Every Listed Share can be interrogated here


Centum enters beer market with Danish Carlsberg franchise


"We are targeting the premium beer market segment. There is space for
growth given that Kenya's per capita consumption of beer remains very
low," Centum chief executive James Mworia told the Business Daily on

Centum signed the deal with Carlsberg Group mid last year to
exclusively sell its beer brands in Kenya. It has plans to set up a
beer bottling plant by the end of this year, depending on sales

Centum said acquisition of the Carlsberg franchise is part of plans to
solidify its presence in the fast-moving consumer goods category and
exploit the rising demand for premium beer brands.

"The product is doing very well and we plan to begin local production.
There is a team working on the plan and we will make a decision within
three months," said Mr Mworia.

Centum share price data here


read more

N.S.E Today

The Nairobi All Share pushed 0.29 points higher to close at a Record
High of 169.32.
The All Share has closed at a record every day this week.
The Nairobi All Share is now +3.947% in what has been a blistering and
bullish start to 2015.
Nigeria's Naira topped 200.00 to the Dollar and the All Share is the
worst performing stock Index in the World in 2015.
Therefore, lots of Africa focussed monies have re routed from
Destination Lagos to Destination Cairo, Johannesburg and Nairobi.
The Nairobi NSE20 rallied through 5,300 to close at 5313.06 a fresh 18
week high.
Equity Turnover was solid and clocked 935.429m

N.S.E Equities - Agricultural

The Agricultural Sector caught a bid today.
Kakuzi surged +6.493% to close at an all time Closing High [for the
2nd consecutive session] of 246.00 and traded 5,000 shares. Kakuzi has
posted a blistering Rally of +36.666% in 2015.
Williamson Tea firmed 3.44% to close at 300.00 and is +20.96% this year.
Sasini Tea and Coffee firmed +2.545% to close at 13.75 and was trading
14.00 +4.48% session highs at the Finale.

N.S.E Equities - Commercial & Services

Safaricom closed unchanged at 14.80 and traded 11.687m shares worth
172.961m. Safaricom is +5.338% in 2015 and just 1.33% below a record
closing High of 15.00 reached in 2014.

N.S.E Equities - Finance & Investment

Kenya Commercial Bank was the most actively traded share at the
Securities Exchange and shaved off 0.84% to close at 59.00 and traded
brisk volume of 4.334m shares worth 255.86m. KCB is +3.508% in 2015
and 1.666% below a record closing High of 60.00 reached last year.
Diamond Trust Bank ticked 0.46% easier to close at 244.00 on good
volume of 411,300 shares. DTB is +3.82% Year to date.
Equity Group eased 0.952% to close at 52.00 and traded 734,400 shares.
CFC Stanbic Holdings firmed +1.574% to close at 129.00 and was trading
at at 132.00 +3.94% session highs at the Closing Bell. There were more
than 5 Buyers for every Seller signalling this thrust higher will gain

Jubilee Insurance rallied 1.89% to close at a Fresh Record Closing
High [for the second consecutive session] of 539.00 and traded 11,800
shares. Jubilee Insurance has rallied +19.777% in 2015.

Centum announced that they had entered the beer market via snaffling
up the Carlsberg franchise and traded 4th at the Securities Exchange
and closed unchanged at 63.00 and traded 1.258m shares. Centum is
+3.27% on 2015 following Triple Digit percentage gains in 2013 and in

N.S.E Equities - Industrial & Allied

EABL rallied +2.24% to close at 320.00 and traded 131,400 shares. EABL
is +3.896% in 2015 ahead of its First Half Earnings Release Friday. I
expect Earnings to beat Street Estimates by a material margin a move
in the Price to 400.00 this year.

Umeme rallied 8.75% to close at 21.75 and traded 17,000 shares.

KenolKobil firmed +1.01% to close at 10.00 and traded 2.657m shares.
KenolKobil has now rallied +14.94% this year and on Foreign Investor
Total Kenya eased 1.79% to close at 27.50 but has rallied +14.58% in
2015 and like KenolKobil.

by Aly Khan Satchu (www.rich.co.ke)
Login / Register

Forgot your password? Register Now
February 2015

In order to post a comment we require you to be logged in after registering with us and create an online profile.