http://www.rich.co.ke/ Rich.co.ke is the go to financial portal for those who want to participate in the Kenyan Shareholder Revolution and second liberation. en Copyright 2010, Rich Management (K) Ltd. Fri, 30 Jul 2010 08:02:14 GMT Thu, 29 Jul 2010 00:00:00 GMT info@rich.co.ke (Aly Khan Satchu) webdev@jsengine.net (Webmaster) http://www.rich.co.ke View Live - Stock Total Demand, Total Supply, Best Bid, Best Ask, Last Traded Price, Change from Last Close, Total Turnover for the Normal Board (MON-FRI 10:30AM - 1:30PM East African Time GMT+3HRS) Fri, 30 Jul 2010 08:02:14 GMT 2333222245346 http://j.mp/99MhjO Managing director Frank Ireri said the mortgage lender is currentlystudying the East African market which is currently enjoying robusteconomic growth with a view to establishing a strong footing.The firm,he said, will target partnerships with property developers and offermortgage products.The East African custom union and common marketprotocol that came into effect on July 1, 2010 are expected to providegreater business opportunities for regional firms.ConclusionsThe Share Price reacted sharply higher yesterday. Thu, 29 Jul 2010 12:40:18 GMT 186371280396418 http://j.mp/clv2QZ Value6,386.52    Change20.310     % Change0.319ConclusionsI expect a Strong Run from here into the Year End. Thu, 29 Jul 2010 12:38:34 GMT 186331280396314 http://j.mp/cy0gLj Value28,367.26    Change-94.220     % Change-0.331 Thu, 29 Jul 2010 12:38:15 GMT 186321280396295 http://j.mp/cKlgaH KenolKobil Ltd., a Kenyan fuel retailer with operations in sevenAfrican countries, returned to profit in the first half as salessurged amid more stable global oil prices.Net income was 1.18 billionshillings ($14.6 million) in the six months through June, comparedwith a loss of 431.2 million shillings a year earlier, the companysaid in an e- mailed statement from the capital, Nairobi, today.Revenue jumped 40 percent to 60.4 billion shillings, it said.The increase in sales was “a reflection of a more stable pricingenvironment internationally and in the local markets, especially insubsidiaries outside Kenya,” Managing Director Jacob Segman said inthe statement.Outside of Kenya, KenolKobil’s Zambian and Rwandan units registeredthe most growth, he said.Exports and aviation fuel sales, whichdeclined in the first half of 2009, registered “good profits” in 2010as the company focused on its high-margin business segments andreduced costs, he said.Results in the second half are expected toimprove further, Segman said.“Management is firmly bullish and projects strong end-year results,expected to come mainly from operations outside Kenya,” he said.KenolKobil also has operations in Burundi, Uganda, Tanzania, Ethiopiaand Kenya. In addition, the company plans to begin operations inMozambique and Zimbabwe, it said on June 26.KenolKobil share price data www.rich.co.kehttp://j.mp/2DMFVEPar Value:                  0.50/-Closing Price:          9.85Total Shares Issued:          1,471,761,152Market Capitalization:        14,497MEPS:            0.88PE:                11.193 Thu, 29 Jul 2010 12:41:49 GMT 186401280396509 http://j.mp/di5F8V Greek island homes, long coveted by millionaires and Hollywood starssuch as Tom Hanks, are being marked down by as much as 45 percent asthe country’s debt crisis destroys demand for holiday getaways.A half-built villa on Mykonos, an island in the Aegean Sea known forits all-night beach parties, is being offered by brokers atAthens-based PloumisSotiropoulos OE for 2 million euros ($2.6 million)after the price was reduced by 500,000 euros. The same firm is seekinga buyer for a three-bedroom home on Corfu for 750,000 euros, down froman original asking price of 1.4 million euros. So far, no bidders haveemerged.“It’s a scary place to invest right now,” said Mike Braunholtz, abroker at Prestige Property Group, which markets properties on theGreek islands. “Things aren’t going to improve until the economicpicture becomes clearer.”A three-story villa, whose price is down from 5.5 million euros to 4.1million euros, is seen on the island of Mykonos in an aerial view Thu, 29 Jul 2010 12:32:07 GMT 186171280395927 http://j.mp/dbO8Se In a World, where Cash is King You might well ask who has the Dollars?And Hu does. Most of the World's Ammunition sits with them. Concernsabout a serious Blow Up near term were overblown. The Tipping Point isa long way over the Horizon and its all about Demographics.Aly-Khan Satchuwww.rich.co.ke Thu, 29 Jul 2010 12:35:51 GMT 186261280396151 http://j.mp/90XPkv Value60,404.33All Time Highs Thu, 29 Jul 2010 12:37:31 GMT 186301280396251 http://j.mp/668kfH This Pull Back is overdone. Thu, 29 Jul 2010 12:35:01 GMT 186241280396101 http://j.mp/b9zcuL “This is a shock-therapy cut and it caught everyone off guard,”Aly-Khan Satchu, an independent Nairobi-based financial analyst, saidby phone today. “They’re trying to push commercial banks to a tippingpoint.”The central bank has reduced its lending rate six times since 2009 tohelp spur economic growth and boost the expansion of credit tobusinesses and households. The benchmark rate is now at its lowestlevel since it was introduced on June 2, 2006.Previous reductions in borrowing costs have failed to promptcommercial banks to lower their average lending rates, which fell to14.39 percent in June from 15.1 percent a year earlier, according todata on the central bank’s website.ConclusionsCompare the Move in the Government of Kenya Yield Curve versus the 71Basis Point Reduction in the average Lending Rate and I would venturethat is an Elastic Bank the MPC is trying to snap. Thu, 29 Jul 2010 12:39:25 GMT 186351280396365 http://j.mp/9WHKQ8 Cocoa March 2011 +1.21%Coffee March 2011 +1.91%Sugar March 2011 +0.97%ConclusionsI remain overwhelmingly Bullish on this Asset Class - The BreakfastCommodities. Thu, 29 Jul 2010 12:33:24 GMT 186201280396004