20th June 2019
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Satchu's Rich Wrap-Up
 
 
Wednesday 27th of February 2019
 
Morning,
Africa

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http://www.rich.co.ke

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I forgot this was carved marble and saw a young man limp with death in the arms of the most beautiful woman in history. @TheHorseCure
Africa


It is so alive you are there on Golgotha. It is incredible. You walk
through the nave of St. Peter’s afterwards and you are distraught with
the power of it.

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30-APR-2018 :: Friday was tip-top Geopolitical Optics #TrumpKimSummit
Law & Politics


The Opening Shot of Kim Jong Un surrounded by a Phalanx of North
Korean Officials [later replayed as Chairman Kim sat in his
Presidential Vehicle surrounded by his Ninja bodyguards] was almost as
good as the opening Sequence in PT Anderson's Boogie Nights [Steadicam
operator Andy Shuttleworth]. This was Cinema of the highest level
which is no surprise when You consider that Kim Jong-Il the Father was
obsessed with Cinema and amassed arguably the world’s largest personal
film collection: over 20,000 bootlegged 35mm screening copies. Kim
Jong-Il also had a penchant for Hennessy Paradis cognac and for two
years in the mid-1990s, he was the world's largest buyer of Hennessy
Paradis cognac, importing up to $800,000 of the stuff a year.  Kim
Jong-Il began his career as the head of the state’s propaganda and
agitation department and its clear that Kim Jong-Un's sister Kim Yo
Jong who holds the same role and evidently handles all the optics, is
a chip off the old Block. Friday was tip-top Geopolitical Optics

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30-APR-2018 :: So my Question remains, what security guarantees can Trump provide to Kim? that convince him to denuclearise #TrumpKimSummit
Law & Politics


The Question remains as follows. Kim Jong-Un can hardly forget what
happened to Saddam Hussein and Muammar Gaddafi #TrumpKimSummit
Offering up bullet-proof security guarantees is the equivalent of
threading the needle.

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12-FEB-2018 :: he is the buffer state between China and more than 30,000 US soldiers parked on their doorstep in South Korea.#TrumpKimSummit
Law & Politics


“Water is fluid, soft, and yielding. But water will wear away rock,
which is rigid and cannot yield. As a rule, whatever is fluid, soft,
and yielding will overcome whatever is rigid and hard. This is another
paradox: What is soft is strong,” Lao Tzu

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18 SEP 17 :: "A screaming comes across the sky" North Korea. @TheStarKenya
Law & Politics


Gravity’s Rainbow is a 1973 novel by Thomas Pynchon which is about the
design, production and dispatch of V-2 rockets by the German military.
In particular, it features the quest undertaken by several characters
to uncover the secret of a mysterious device named the “Schwarzgerät”
(black device), slated to be installed in a rocket with the serial
number “00000”. As the world watches PyongYang, I cannot help
wondering if Kim Jong-Un has read Pynchon which speaks of “A screaming
comes across the sky” and North Korea.

“But it is a curve each of them feels, unmistakably. It is the
parabola.  They must have guessed, once or twice -guessed and refused
to believe -that everything, always, collectively, had been moving
toward that purified shape latent in the sky, that shape of no
surprise, no second chance, no return.’’

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29-11-2010 FAR away in distant lands lies the Hermit Kingdom They all have had tiny little hands like the Elves in the Elves and the Shoemaker.
Law & Politics


They all have had tiny little hands like the Elves in the Elves and
the Shoemaker. And this country has nuclear weapons and on its border
with its neighbour South Korea sit 25,000 American soldiers.

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Michael Cohen Testimony ~
Law & Politics


I am ashamed because I know what Mr. Trump is. He is a racist.
He is a conman.
He is a cheat.
He was a presidential candidate who knew that Roger Stone was talking
with Julian Assange about a WikiLeaks drop of Democratic National
Committee emails.

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At least two US warships sailed through the #TaiwanStrait on Monday in an unexpected act that flies in the face of largely placid relations between #China and #Taiwan @asiatimesonline
Law & Politics


The two vessels are under the command of the US Pacific Fleet
headquartered in Pearl Harbor. The fleet said in a statement that “the
ships’ transit through the Taiwan Strait demonstrates the US’
commitment to a free and open Indo-Pacific”.
The passage also came a day after Donald Trump announced he would
postpone further punitive tariff rises on US$200 billion worth of
Chinese exports to the US, acknowledging progress being made during
the marathon trade talks between the two superpowers.
This is the fifth such strait transit by US warships in the last eight months

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if you want to understand the US-China trade talks, you need to read this piece by ⁦‪@georgemagnus1‬⁩ Xi feels the heat
Law & Politics


In the US-China trade war, politics seem to be driving both sides
towards a deal. Both Donald Trump and Xi Jinping have incentives to
reach an agreement, but who needs a deal more?
Trump wants a deal to show that his trade strategy has worked, and
perhaps bask in a passing surge in business optimism that detracts
from problems at home. He is rowing back from his initial deadline of
1 March.
“I can’t tell you exactly about timing,” Trump told his officials,
“but the date is not a magical date. A lot of things can happen.”
But there are two things about China that make Xi’s incentive to get a
deal more pressing.

First, China’s economy is slowing down. There are weaknesses in
everything from manufacturing and investment, to the property, auto,
consumer and export markets.
The official economic growth rate of just under 6.5 per cent and the
3.8 per cent unemployment rate are considered as far too optimistic by
seasoned economists.
Trump’s tariffs haven’t had a major impact on China’s economy yet, but
if the President follows through with his increase to 25 per cent on
imports from China then its economy would take a further blow.
Second, in the last year Xi has run into some political pushback at
home, which is remarkable for the authoritarian state.
His approach to the US and the trade war has been criticised for
stirring up unnecessary confrontation. The Communist Party’s narrative
stressing the role of the Party, the state and top-down policy in
China’s success is in question.
For both these reasons, Xi Jinping would like the trade war to go
away. Referring to the negotiations, Xi Jinping said last month, “I
hope that both teams can meet each other halfway and reach an
agreement beneficial to both countries and the world.”

For this to happen, Xi needs to satisfy a hawkish US administration
and business lobby – even if Trump, himself, proves to be a soft touch
in the current talks. China will have to go a lot further than simply
buying more US products.
China likes the idea of foreigners putting capital to work in China,
but it has not liberalised capital that wants to flow out of China. On
the contrary, China tightened rules around capital outflows in
2016-17. China still fears, rightly, a resurrection of capital flight.

Xi’s gameplan is to play for time, and stretch the talks out, hoping
that the longer they continue, the greater the chance the need for a
deal switches from Beijing to Washington and Trump’s re-election
campaign.
But make no mistake: Xi needs to avoid Trump’s tariffs like the
plague, and these talks will by no means end the trade war.

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31-DEC-2018 :: China has been delaying some data releases and high frequency satellite level data confirms a sharp slow-down in the Chinese Economy
Law & Politics


China has been delaying some data releases and high frequency
satellite level data confirms a sharp slow-down in the Chinese Economy
which has yet to be seen in official data points.

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Currency Markets at a Glance WSJ
World Currencies


Euro 1.1375
Dollar Index 96.13
Japan Yen 110.37
Swiss Franc 0.9992
Pound 1.3251
Aussie 0.7179
India Rupee 71.16
South Korea Won 1118.25
Brazil Real 3.748
Egypt Pound 17.52
South Africa Rand 13.82815

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Humans are "boiling frogs," slowly getting used to climate-change temperatures @qz
Commodities


“We saw that extreme temperatures still make people miserable, but
they stop talking about it,” Moore said in a statement. “This is a
true boiling-frog effect.” Climate change is only going to worsen,
meaning that we’ll be exposed to more and more extreme temperatures.
Maybe we just won’t notice the heat until, like the frog, we’re fully
cooked.
Sign up for the Quartz Obsession email

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23-NOV 2015 I cannot help feeling we are like frogs in boiling water
Commodities


The mathematics of these equations is so miraculous that Rees speaks
to a “cosmic tuning” phenomenon.
For example; Ω ≈ 0.3: the ratio of the actual density of the universe
to the critical (minimum) density required for the universe to even-
tually collapse under its gravity. Ω determines the ultimate fate of
the universe. If Ω is greater than one, the universe will experience a
big crunch. If Ω is less than one, the universe will expand forever.
At the macro scale, at the scale of the stars, everything is so finely
tuned its breathtaking.
I cannot help feeling we are like frogs in boiling water. We have
created massive interference in the ‘’cosmic tuning’’ phenomenon.

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Sudan's Bashir bans protests in new emergency measures @ReutersAfrica
Africa


* Decrees come amid fresh protests demanding Bashir step down
* Decrees ban unlicensed public gatherings, meetings or protests
* Bashir also prohibits sale of subsidised items
* Bashir sets up emergency courts

Sudanese President Omar al-Bashir banned unlicensed public gatherings
and gave sweeping new powers to police in a series of emergency
decrees on Monday to counter the most sustained anti-government street
unrest of his 30-year rule.
The decrees came amid fresh protests in various parts of the capital
Khartoum, where security forces used tear gas against hundreds of
students demonstrating inside the campus of the country’s oldest
women’s university.
Security forces were given the power to search any building, restrict
movement of people and public transport, arrest individuals suspected
of a crime related to the state of emergency and seize assets or
property during investigations.
Prosecutors were given the authority to strip people such as lawmakers
and military officials of immunity, and set up special emergency
courts. Publishing news that “harms the state or citizens, or calls
for undermining the constitutional system” was also banned on
punishment of up to 10 years in jail.
Bashir also announced a ban on trading or hoarding fuel products and
subsidised goods, and jail terms for people travelling abroad carrying
more than $3,000 in currency or 150 grammes of gold.
Protesters have staged almost daily demonstrations since December,
demanding that Bashir, who came to power in a 1989 military coup, step
down. The protests were initially inspired by high prices for bread
but have turned into a sustained campaign against Bashir and his
government.

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#Sudan's #Bashir bans rallies, announces forex 'reforms'. No one can carry $3,000 outside the country No dictator ever threatened money into submission, and Bashir will fail.
Africa



#Sudan's #Bashir bans rallies, announces forex 'reforms'. No one can
carry $3,000 outside the country & buying & selling of foreign
currency to be done only thru official channels. No dictator ever
threatened money into submission, and Bashir will fail.

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@IMFNews Sees Somalia's Economic Growth Accelerating to 3.5% in 2019 @economics @eombok
Africa


The International Monetary Fund projects Somalia’s economy will expand
by 3.5 percent this year and next year, compared with a forecast of
3.1 percent in 2018, as the Horn of Africa nation implements an
economic program monitored by the lender.
“Somalia’s economy is recovering but further efforts are needed to
secure economic resilience and reduce poverty,” the Washington-based
lender said Wednesday in an emailed statement. “Since 2017, growth has
rebounded, inflation has slowed and the trade deficit has narrowed.”
Data through November 2018 shows that domestic revenue reached $161
million, or 31 percent higher than the same period in 2017, and the
overall cash fiscal position was in surplus by $8 million, according
to the IMF. Earlier this month the IMF completed its first review of
an ongoing economic program with Somalia, according to the statement.

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Political tensions dent Comoros energy ambitions Indian Ocean nation hopes to repeat the offshore successes of neighbouring Mozambique Petroleum Economist
Africa


The Comoros has been called "the Perfume Islands" for centuries due to
its success at cultivating the rare ylang-ylang essential oil, but
exploration activity suggests the tiny volcanic archipelago could soon
become better known for less-sweet smelling commodities—oil and gas.
After a series of false starts, at the end of 2018 the Indian Ocean
archipelago nation—made-up of Anjouan, Moheli and Grande Comore—edged
closer to actual hydrocarbon exploration after Tullow Oil agreed to
take a share in offshore Blocks 35, 36 and 37.

Kenya

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@SafaricomPLC share price data here +19.82% 2019
Africa


Closing Price: 26.60 Market Cap: $10.636b EPS:1.38 PE: 19.275

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@KeEquityBank share price data here +18.51% 2019
Africa


Closing Price: 41.30 Market Cap: $1.526b EPS: 5 PE: 8.260

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@nicbankkenya share price data here +36.51% in 2019
Africa


Closing Price: 37.95 Market Cap: $242.374m EPS: 6.48 PE:  5.856

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@Lhornpublisher share price data here +20.61% 2019
Africa


Closing Price:  5.56 Market Capitalization: $20.572m EPS: 0.67 PE: 8.299

Longhorn Publishers PLC H1 2019 results through 31st December 2018 vs.
31st December 2017
H1 Sales 697.565m vs. 513.460m +35.856%
H1 Cost of sales [271.041m] vs. [191.059m] +41.862%
H1 Gross profit 426.524m vs. 322.401m +32.296%
H1 Operating Expenses [336.339m] vs. [270.310m] +24.427%
H1 PBT 90.185m vs. 52.091m +73.128%
H1 Net profit 68.831m vs. 36.463m +88.769%
H1 Total assets 2.192785b vs. 1.734288b +26.437%
H1 Cash & cash equivalents at the end of the period 92.627m vs.
[15.661m] +691.450%

Company Commentary

Turnover increased by 36% attributed to the growth of volumes in Kenya
and the regional markets
sale of publishing rights in the regional markets which generated
higher margins as compared to normal Book Sales
successfully completed distribution of close to 500,000 copies of text
books to public secondary schools across the country
digital transformation strategy with has led to the repurposing of
content in mobile platforms audio and video forms
continued growth in Rwanda, Uganda, Tanzania, Malawi and Zambia

Conclusions

An interesting and inexpensive Prospect

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@National_Bank share price data here +18.05% 2019
Africa


Closing Price: 6.28 Market Cap: $19.303m EPS:1.26 PE: 4.984

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by Aly Khan Satchu (www.rich.co.ke)
 
 
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February 2019
 
 
 
 
 
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