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Satchu's Rich Wrap-Up
 
 
Tuesday 16th of November 2010
 
Morning
Africa

www.rich.co.ke 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
http://www.rich.co.ke/rctools/richpod.php

#Aljazeera Inside Story The Robin Hood Tax with Dareen Abughaida
http://bit.ly/abX4b1

Supporters of the Robin Hood tax are calling on world leaders gathered
in South Korea for the G20 summit to listen to their people rather
than to the banks.They argue that banks that were bailed out over the
past two years are now back to business as usual but that a global
Robin Hood tax would mean the world's banks pay to reduce the deficits
they helped to cause, removing the need for austerity measures.But
will world leaders heed these calls and is the Robin Hood tax a
feasible idea?

Inside Story, with presenter Dareen Abughaida, discusses with guests:
Max Lawson, a senior policy adviser at Oxfam and a spokesperson for
the Robin Hood Tax Campaign; Simon Hills, an executive director at the
British Bankers Association; and Aly Khan Satchu, a financial analyst
and CEO of www.rich.co.ke

This episode of Inside Story aired from Thursday, November 11, 2010.

Martin O-O CEO KCB at #Mindspeak RICH TV
http://www.rich.co.ke/rctools/richtv.php

Check it Out -

The Actual Presentation that was projected onto the Screen
http://bit.ly/b8oKik

What is #Mindspeak ?
http://bit.ly/9mhe39

The Next #Mindspeak is Saturday 27th November and we are hosting Liza
Mucheru-Wisner
http://lizawisner.com/wordpress/

Followed by 4th December where We are hosting Bob Collymore the CEO of Safaricom

Yesterdays  Interview on CNBC
http://bit.ly/aTKGix

Macro Thoughts

I fancy a Dollar Reverse sometime today.

Home Thoughts

When we first moved into our House in Nairobi, a School was adjacent
to my Patio. I used to enjoy the sound of Schoolchildren, there is a
Joie De Vivre which is not replicated I have found. I lived next to
the Loreto Convent School in Mombasa so maybe there was a Familiarity
of the sounds from my Childhood. Well that did not last and now the
Lot is being redeveloped. And right outside My Bathroom, three Floors
have sprung up. On Saturday, there was a Power Cut. And These Floors
loomed large in the Half Light and somehow felt inhabited a little
like that Evening we stopped at Gedi Ruins and We all experienced how
occupied an Empty Ruin could feel.

Gedi Ruins Image Search
http://bit.ly/cZz3zO

Gedi Ruins Image Search
http://bit.ly/cwYbW7

The Ruins of Gedi are the remains of a Swahili town located in Gedi, a
village near the coastal town of Malindi in Kenya.From the 13th or
14th to 17th centuries, Gedi was a thriving community along the jungle
coast of East Africa. Although no written record exists of this town,
excavations between 1948 and 1958 revealed that the Muslim inhabitants
traded with people from all over the world. Some of the findings
included beads from Venice, coins and a Ming vase from China, an iron
lamp from India, and scissors from Spain. The population was estimated
to exceed at least 2500 people.Gedi had a mosque, a palace, and large
stone houses. These houses were complex for their time, with bathrooms
with drains and overhead basins to flush toilets. The city's streets
were laid out at right angles and had drainage gutters.In the early
16th century, the village was abandoned. A possible explanation was
that a punitive expedition came from Mombasa against Malindi and
forced the inhabitants to leave. A temporary reoccupation likely
occurred by the nomadic Oromo tribe from Somalia in the late 16th
century, who later abandoned the town.

It is unclear whether the actual name of the town was Gedi, Gede, or
Kilimani. The Galla word "Gede" means "precious", but the town might
have been named after the last Galla leader to camp on the site.[1]

read more


China Is U.S.'s 'Central Challenge' WSJ
China

WASHINGTON—The U.S. relationship with China will be the "central
American challenge going forward," as the U.S. works to redevelop its
economy, White House National Economic Council Director Larry Summers
said on Monday.

"A reading of the long sweep of history suggests that rapidly
transforming economies in a rapidly transforming global system produce
histories that are not always happy ones," Mr. Summers said at The
Wall Street Journal CEO Council. "Our wisdom, their wisdom, the way in
which we interact is going to be of the utmost importance."

"Ultimately, there is going to be one thing that is most important,
and that is how the world sees the power of our example. That's going
to depend on our success in our strategy of domestic renewal," he
added.

The history of the early 21st century "will be about how the world
adjusted to the movement of the theater of history toward China," Mr.
Summers said.

Underscoring the tension between the countries, Min Zhu, special
advisor for the International Monetary Fund in Washington and former
deputy governor of the People's Bank of China, told the same forum
that the weight of global GDP is shifting toward China and other
fast-growing emerging economies while richer nations still face high
debt and weak growth.

Given current trends, emerging markets and developing countries will
account for 60% of global gross domestic product in six years, he
said. "It is a different world," Mr. Zhu said.

Meanwhile, China is moving up the value chain into high-tech capital
goods and is poised to account for about a third of global
manufacturing of advanced machinery and equipment within a decade,
from about 8% today, Mr. Zhu said. "China will probably lead a global
manufacturing restructuring. That will be a big impact for advanced
economies, particularly for economies that want to export tech goods."

The last election was partly a reaction against President Barack
Obama's policies, Mr. Summers said, but it was also a "an important
rejection of elites ... that were seen as more citizens of Davos than
of their countries."Corporate America should "think very hard about
their obligations as citizens of this country and to think very hard
about how through their activities they can make it work for all of
our citizens," Mr. Summers said.

Conclusions

I think Larry Summers was in fact inimical to the US National Interest
and History will judge his elbowing aside of Paul Volcker with extreme
Harshness. The US has pursued Business as Usual at a time when radical
thinking and Re Engineering was required. Neverland was a Redoubt of
that Peter Pan Michael Jackson and not of the US. The last Fellow to
experiment with Printing Money was Gideon Gono of the Zimbabwe Central
Bank and he lost his Job over that Experiment [and of course, taking
advantage of the President's Wife allegedly].

I think the Electorate is disillusioned because of this. The
Conversation has a 'Make-Believe' about it. There is a Grown Up World
out there and

The Sense is best described in The Poem The Hollow Men by TS Eliot

This is the way the world ends
This is the way the world ends
This is the way the world ends
Not with a bang but a whimper.

It does not have to but this is the Curve that Everyone is seeing.

Aly-Khan Satchu
www.rich.co.ke

read more


China to Exceed U.S. by 2020, Standard Chartered Says Bloomberg
China

China will overtake the U.S. to become the world’s largest economy by
2020, helped by faster expansion and an appreciation of its currency,
according to Standard Chartered Plc.

“We believe that the world is in a ‘super-cycle’ of sustained high
growth,” economists led by Gerard Lyons said in a report published
today. “The scale of change over the next 20 years will be enormous.”

China’s economy will be twice as large as the U.S.’s by 2030 and
account for 24 percent of global output, up from 9 percent today,
Lyons said in the 152-page Super-Cycle Report. India will surpass
Japan to be the third-biggest economy in the next decade, according to
the report. Goldman Sachs Group Inc. estimates China will overtake the
U.S. by 2027.

The world may be experiencing its third “super-cycle,” which is
defined as “a period of historically high global growth, lasting a
generation or more, driven by increasing trade, high rates of
investment, urbanization and technological innovation, characterized
by the emergence of large, new economies, first seen in high catch-up
growth rates across the emerging world,” Standard Chartered
said.Output in China, the largest maker of mobile phones, computers
and vehicles, surpassed Japan for the second straight quarter in the
three months through September, Japan’s government said today. The
Chinese economy overtook the U.K. as the fourth largest in 2005 and
tipped Germany from third place in 2007.

China has expanded by an average 10.3 percent a year over the past
decade compared with an average 1.8 percent for the U.S. Standard
Chartered estimates growth will slow to an annual 8 percent pace by
the middle of the decade, easing to 5 percent from 2027 to 2030.The
U.S. economy, by contrast, still faces another year or two of
“sluggish growth,” forecast at 1.9 percent in 2011, before returning
to its long-term trend rate of expansion of 2.5 percent in three to
four years, Nicholas Kwan, Hong Kong-based regional head of Asia
research at Standard Chartered, said in a telephone interview.China’s
comparatively faster expansion, together with an expected 25 percent
appreciation of the yuan, should be enough for its nominal gross
domestic product to exceed that of the U.S. by the end of the decade,
Kwan said.

“For China we have to consider to what extent the economy can keep
growing without serious disruption, while the U.S. is facing different
challenges as a mature economy struggling to recover from an
unprecedented crisis,” he said.

China could fall ‘abruptly off the fast track’’ as the Soviet Union
and Latin America did in the 1970s and Indonesia and Thailand
experienced in the 1990s, Standard Chartered’s report said.

Previous “super-cycles” of growth happened from 1870 to 1913, and
after World War II until the early 1970s, Standard Chartered said
today. The current cycle began in 2000, it said.

“If we are right about this being another super-cycle, it does not
mean that growth is strong and continuous over the whole period,”
Standard Chartered said. “The first super- cycle, for instance had
bouts of high inflation and of deflation. Much will depend on monetary
policies adopted across the globe.”

read more


THE ROVING EYE Word up G-20 ? Pepe Escobar Asia Times
World Of Finance

Every central bank in the world had been asking the Fed for days to
come clean on QE2. To believe that the G-20 would gladly accept US
President Barack Obama's offer to embrace yet another tsunami of US
paper dollars that the US cannot pay for is to live in Oz. No wonder
many a diplomat would confirm, tersely or not, that this was indeed
the G-19 to 1 summit.

Washington refuses to undergo the "structural adjustment" that its
baby, the IMF, has always imposed on any other budget deficit patient.

read more


Currency Markets at a Glance WSJ
World Currencies

Euro 1.3635
Pound 1.6068
Yen 82.92
Rand 6.9505
Aussie 0.9877
India Rupee 45.12

The U.S. dollar index climbed to 78.652 from 78.106 late Friday. It
touched 78.665, the highest level seen since early October.The euro
traded at $1.3579, down from $1.3696 in late North American trading
Friday. It fell as low as $1.3570, just a hair above its weakest level
since late September, touched Friday.

“Financial stability concerns in Ireland and potential contagion to
periphery Europe are likely to require the use of a financial backstop
soon,” said Aroop Chaterjee, currency strategist at Barclays Capital.
“While the market may be temporarily calmed by an Irish announcement,
we do not expect peripheral concerns to disappear quickly and continue
to see this as keeping the euro weak over the medium term.”

Conclusions

Time to test a Dollar Short but I prefer the Rand and the Aussie.


Aussie Dollar Chart INO 0.98599
http://bit.ly/cwTAEa

read more



How Smoky Plume in Sky Drew the Eyes of the World NYT
Food, Climate & Agriculture

Gil Leyvas has been a photojournalist on board a television news
helicopter for more than a decade. He has seen countless airplanes and
their wispy contrails. What he saw — and recorded — near Los Angeles
on Nov. 4 and 8 looked nothing like the trail from an airplane. It
looked, to him, like the launching of a missile.The first time, it
looked like a far-off plume of smoke somewhere over the Pacific Ocean.
The second, it appeared to be rising into the air, a large vertical
column set against the bright orange sky at sunset. It was
spectacular.

read more



Live 24 Hour Spot Gold KITCO 1363.20 Last
Commodities

Conclusions

Time to Reposition from the Long Side.

Spot Silver 1 Month Chart INO 25.7400 -0.0605 (-0.23%)
http://bit.ly/cDuwVr

Conclusions

Has been very volatile but probably worth a small Nibble again.

read more



Soft Commodities at a Glance INO
Commodities

Cocoa +0.62%
Coffee +2.51%
Cotton +2.24%
Sugar +2.93%

Conclusions

The Sell Off had been relentless and I believe The Asset Class needs
real time Management now looking for some Re Entry Points.

Coffee Dec 2010 1 Year Chart INO 204.45 +5.10 (+2.48%)
http://bit.ly/906Ec1

Last Price    204.45
Low    201.60
Open Int.    29188
Contract High    218.7 Contract High Date    2010-11-10
Contract Low    123.95
First Delivery    2010-12-30
Expiration    2010-12-17

Conclusions

Bounced exactly off a 10% Correction.

Cotton DEC 2010 INO 138.75 +3.14 (+2.27%)
http://bit.ly/b345EU

Last Price    138.75
Open Int.    32926
Contract High    157.23 Contract High Date    2010-11-09
Contract Low    53.87
First Delivery    2010-12-21
Expiration    2010-12-07

read more


Anyone for $2,160 Tea? WSJ
Commodities

A tiny bowlful of winter oolong tea

The fragrance of State Guest Da Hung Pao tea is said to be so
long-lasting that if you drink a glass one morning, the delicate
perfume will still be detectable about you the morning after.The
story’s a little much, but people do pay big money for this premium
brand of da hung pao, similar to oolong, a type of semi-fermented tea.

At Wu Yi Star Teahouse, a tea shop with 40 stores throughout greater
China, the price for 50 grams–a handful of leaves—is 16,800 Hong Kong
dollars (US$2,160). (The same amount of other da hung pao teas costs
HK$138.)

Every year, the 100 canisters of State Guest Da Hung Pao tea sell out
within two months. A waiting list for the 2011-year harvest has
already begun.Here’s why many people will pay so much for this tea,
according to Tracy Ho, general manager of Wuyi Star Teahouse general
manager.

The strength of 60: The leaves from the State Guest Da Hung Pao are
said to be potent enough to brew multiple pots of tea–up to 60
infusions. So instead of just five cups of tea from a 50-gram canister
(each serving being 10 grams of leaves and roughly 100 milliliters of
100°C water), you’re really getting 3,000.

White-glove service: Not only is State Guest Da Hung Pao farmed
organically, its leaves (unlike those of other teas) are never
permitted to touch the ground: They’re hand-picked from the bush and
handled with special care through the withering, sifting and drying
process. So while standard tea etiquette recommends dumping out the
water of the first brew—to “cleans” the leaves—this is not necessary
for the State Guest Da Hung Pao.Premium growth: The home of da hung
pao tea is Wu Yi Mountain in China’s northern Fujian province, where
the six “mother bushes” grow. All are protected by law against
picking, so today da hung pao tea leaves are harvested from clones.
The clones that produce the State Guest Da Hung Pao, though, are the
ones closest to the mother bushes, where the soil is especially
porous. As such, they absorb additional minerals and take on more
complex flavor profiles.

A national treasure: Said to be the “king of all Chinese teas,” da
hung pao teas are often given as gifts to heads of state. U.S.
President Richard Nixon was famously presented with da hung pao by Mao
Zedong during his visit to China.

Smooth taste: The signature taste of da hung pao is distinctively
floral. “Think of it like a good perfume, which can last all day and
changes in quality when you wear it,” says Ms. Ho. “That’s the effect
of the best da hung ao–it is a rare blend of long-lasting, but not
overpowering.” The State Guest Da Hung Pao in particular is not only
strongly aromatic, it’s also less acidic and less bitter than other da
hung

Conclusions

The very Definition of Value Addition I would have thought/

read more


Citigroup raises India's Bharti Airtel to "buy" Reuters
Information & Communication Technology

Citigroup said on Tuesday it has upgraded India's Bharti Airtel to
"buy" from hold" and raised its target price to 400 rupees from 350
rupees.

"Our now-positive take on Bharti's foray into Africa contrasts starkly
with the consensus view that Zain will be value-dilutive," Citigroup
said in a note, adding the top mobile operator was their top pick
among Indian telecoms. On Monday, shares in Bharti Airtel closed 1.1
percent higher at 309.50 rupees, while the main stock index gained 0.8
percent.

Conclusions

My Monday Piece for The Star Mobile Telephony The Silver Bullet Bharti
and Safaricom
http://bit.ly/a8GCDI

The Interview I did with Eleni on CNBC Last week which covers this
http://bit.ly/d6Htmq

Bharti Airtel Live Quote Edelweiss
http://bit.ly/dofhFF

1 Wk Price performance (%)    : -5.74   
1 M Price performance (%)    : -7.40

313.15 3.50 (1.13%)
52 Wk High/ Low ( ` )     : 376.95/252.00
3 Year High/ Low ( ` )     : 534.85/241.50
5 Year High/ Low ( ` )     : 592.10/153.65

` in Cr.            Mar 2010    Mar 2009    Mar 2008
Sales Turnover    41,829.46    37,352.08    27,012.24
Net Profit              9,163.13    7,858.96    6,395.39
Total Debt            10,288.14    13,517.15    9,601.75
Earning Per Share 23.96    41.06    33.70

QUARTERLY RESULTS
Cr.                    Sep 2010    Jun 2010    Mar 2010    Dec 2009
Sales Turnover    15,215.00    12,230.80    10,739.41    10,304.95
Other Income    16.90    54.80    43.21    22.62
EBITDA            5,137.60    4,438.40    4,015.95    4,066.34
Net Profit            1,658.90    1,696.90    2,081.72    2,279.63

read more


Dollar versus Rand Live Forexpros 6.9809
World Currencies

I prefer to be long the Rand hereabouts or better still above 7.00 for
an eventual Move back to 6.61.

read more


South Africa All Share Bloomberg Visual +14.382% 2010
Africa

Value31,645.07   
Change-171.540    
% Change-0.539

read more


Rwandan central bank cuts rates to spur lending to 6% Reuters
Africa

Rwanda's central bank cut its key repo rate by one percentage point to
6.0 percent, the second reduction this year designed to stimulate
lending to the private sector, according to a statement on Tuesday.

The bank's Monetary Policy Committee (MPC) said it planned to keep the
lending rate on hold through the first quarter of 2011, when inflation
rates in the central African country were likely to start picking up.

"One of the policies to encourage the increase of bank loans to
private sector is to reduce incentives for banks to invest in the
National Bank of Rwanda (NBR) and in government instruments by
lowering the Key Repo Rate (KRR)," said the MPC statement.

"Consequently, the Monetary Policy Committee decided to reduce the KRR
by 1 percentage point, from its current level of 7 percent to 6
percent, to be in force during the remaining part of 2010 and the
first quarter of 2011," it said.

read more


Bubbling real estate sector draws keen investor interest The Standard
RealEstate, Housing & Construction

Investor interest in residential real estate development has continued
to soar, with the latest reports indicating that monies flowing into
the sector over the last five years have more than tripled.A report by
Central Bank of Kenya, in conjunction with the World Bank, indicates
that investment in real estate residential sector grew to Sh61 billion
as of May this year, compared to Sh19 billion five years ago.

In addition, the number of actual mortgages taken up by individuals
and organisations, without putting the figures loaned, grew from 7,834
to 13,803 over the same period, a demonstration of the great potential
and growing interest in the sector.

"The report confirms a trend of increased level of interest in people
owning houses, as opposed to renting," said Frank Ireri, the managing
director of Housing Finance, a mortgage financing company.

Kenya’s mortgage to Gross Domestic Product (GDP) ratios, which
indicates how much of investments to the real estate sector
contributes to the country’s total investments or earning, is still
low by international trends, and currently stands at 2.5 per cent. In
India, a similar ratio is six per cent, while in Colombia, it is seven
per cent, while South Africa’s is at 33 per cent.

"Save for certain specific segments of the real estate industry, the
middle and low income segments have really attracted investor interest
due to demand," said Jenny Luesby of African Laughter, a consultancy
firm that birthed the Hass Property Index.

"This momentum is not expected to slow down soon going into the
future, given the level of demand for fairly priced middle income
housing units."

The report also shows that in regard to the mortgage portfolio
quality, non- performing loans have been declining over time, with the
weighted mortgage interest rate reported by institutions standing at
14 per cent, as compared to the banking sector average lending rate of
14.6 per cent.

Conclusions

Its on a sustainable and accelerated Path for a few more Years.

Kenya Real Estate The Star
http://bit.ly/cPqJDC

Its a Sweet Spot.

read more


Nairobi All Share Bloomberg Visual +44.74% 2010
N.S.E General

Value83.79   
Change-0.630    
% Change-0.746

86.33 is the 2010 High and we seem unable to break through that Level
9th November.

read more


CFC Insurance of Kenya Gets Approval to Sell Stock
N.S.E Equities - Finance & Investment

CFC Insurance Holdings Ltd., a unit of CFC Stanbic Holdings, received
regulatory approval to sell shares on the Kenyan stock exchange.It
will “list by introduction” 515 million shares, the Nairobi-based
Capital Markets Authority said in an e-mailed statement today.

CFC Insurance, which owns CFC Life Assurance Ltd. and the Heritage
Insurance Co., will start trading before the end of the year, CFC
Stanbic Managing Director, Kitili Mbathi said Aug. 30.CFC Stanbic
shareholders approved on Aug. 9 a plan to delink its insurance
businesses. The company also owns CFC Stanbic Bank Ltd., the Kenyan
unit of Standard Bank Group Ltd. of South Africa, and brokerage CFC
Stanbic Financial Services Ltd.

CFC StanBic share price data www.rich.co.ke
http://bit.ly/dqreug

read more


CBA’s net profits increase by 38 p.c Business Daily
World Of Finance

Commercial Bank of Africa’s earnings from trading in Treasury bonds
increased by Sh838 million in nine months to September, boosting its
third-quarter net profits 38 per cent to Sh1.4 billion.The bank said
other income rose to Sh924 million from Sh86 million, in performance
results published on Monday.

“This was mainly due to yields arising from bond trading,” said chief
financial officer Derick Ouma.

read more


Imperial Bank’s expansion pays off Business Daily
World Of Finance

Imperial Bank’s expansion plan has helped to tap cheaper customer
deposits which helped the mid-sized lender to post a 58 per cent
growth in third-quarter net profits.The bank earned after-tax profits
of Sh668.3 million in the nine months to September, boosted also by
increased lending to government.

“The increasing branch footprint and overall efficiency has led to an
increase in customer loyalty and greater uptake of our services hence
additional revenue,” said the bank’s managing director, Abdulmalek
Janmohamed.

Imperial Bank increased its holding of government securities to Sh4.4
billion from Sh2 billion, tripling earnings from the debt papers to
Sh426 million. The bank paid depositors total interest amounting to
Sh604 million, down from Sh973 million last year.
Mr Janmohamed said the firm was benefitting from a wider branch
network that is helping to rake in cheap deposits. It recently opened
its thirteenth branch in Changamwe, with more planned for next year.
Customer deposits grew from Sh11.5 billion to Sh14 billion.

read more




Kenya in Talks With Reliance, Tatas for Investments Bloomberg
Kenyan Economy

Kenya’s government is in talks with Reliance Industries Ltd., India’s
biggest company by market value, and the Tata Group for possible
investments in the African country, Prime Minister Raila Odinga said.

“Reliance and Tata groups are interested,” Odinga told Bloomberg-UTV
in an interview at the World Economic Forum’s India economic summit in
New Delhi today. “We see a new group of Indian multinationals taking
interest not only in Kenya, but the rest of Africa.”

Billionaire Mukesh Ambani’s Reliance has $6.5 billion in cash to use
in buying energy assets overseas as natural gas output from its
biggest deposit in India stagnates. Tata Group Chairman Ratan Tata has
made 66 acquisitions in two decades. The group’s revenue was more than
$67 billion in the year ended March, according to its website.Reliance
is looking at investing in oil exploration in Kenya, Odinga said.Manoj
Warrier, a spokesman for Reliance, didn’t answer calls to his mobile
phone seeking comment. Raman Dhawan, managing director of Tata Africa
Holdings, couldn’t immediately be reached at his office in
Johannesburg.

Reliance had 293.5 billion rupees ($6.5 billion) in cash and
equivalent and outstanding debt was 682 billion rupees as of Sept. 30,
according to an Oct. 30 statement.

read more



 
 
N.S.E Today

The NSE20 retreated a further 28 points to close at 4546.28 some
3.347% off its 2010 Closing High.
The Nairobi All Share retreated 0.76 points to close at 100.75.
EABL was a Stand Out for the 2nd Day bucking the overall Negative
Trend and closing at 221.00 its 2nd consecutive Close at a New Life
Time High.
Market Cap was 1.201892 Trillion versus 1.210977 Trillion.
Equity Turnover was 416.007m versus 352.007m last time.



N.S.E Equities - Agricultural

Kakuzi bounced 5.38% to close at 88.00 and traded 700 shares.
Rea Vipingo traded 9,900 shares and closed lower at 17.15.
Sasini Tea closed lower at 13.55 and traded 11,600 shares.



N.S.E Equities - Commercial & Services

SAFARICOM

shares volume     8,796,400
total turnover     40,217,928
avg price     4.57 CLOSING price 4.55 -3.19%
high price     4.65
low price     4.50
last price     4.60

Conclusions

Safaricom closed 3.19% lower at 4.55 and traded 4th at the Bourse. The
Trailing PE is 11.973. The Price has retreated after the Release of
the 1st Half Results. The Sell Side Action is Retail and not
Institutional and I think the Reaction unwarranted.

Safaricom share price data and 1st Half Earnings Release Analysis www.rich.co.ke
http://bit.ly/4cdZRM

Par Value:                  0.05/-
Closing Price:          4.55
Total Shares Issued:          40,000,000,000
Market Capitalization:        188,000M
EPS:            0.38
PE:              11.973

Swot Analysis Key Highlights 6 months to 30 Sep 2010 versus to 30 Sep 2009
EPS 0.193 versus 0.168 +14.9%
Revenue 47.111850b versus 40.660829b +15.9%
PAT 7.630591b versus 6.631898b +15.1%
16.71m Customers
CAPEX was 10.1b
Customer Market share 76.7% from 78.3 -> Note Well They lost only 1.6%
Data Revenue as a Percentage of Total Revenue 23.8% versus 17.7% in Sep 2009
Blended ARPU 456.6 versus 466 previous Kenya Data 3.61m #Data Users 9%
of #Kenya Population

Kenya Airways was the most active share at the Nairobi Bourse. Kenya
Airways was unchanged at 42.00 and traded a 42.00-42.75 range and
1.709m shares worth 71.808m. Kenya Airways reported 1st Half EPS of
3.11 some 67.204% ahead of the same Period in 2009. Kenya Airways
trades on an implied Forward PE of 6.75 and Buyers judging by todays
Volume are taking a much closer look.

Kenya Airways share price data and 1st Half Results www.rich.co.ke
http://bit.ly/1AaBD1

Par Value:                  5/-
Closing Price:          42.00
Total Shares Issued:          461,615,488
Market Capitalization:        19,388M
EPS:            4.40
PE:                9.545

6 Months to 30.09 2010 versus 30.09.2009
Total Revenue 41.214b versus 33.488b = +23.0709%
PAT 1.436b versus 0.86b = +66.976%
EPS 3.11 versus 1.86 = +67.204%

Access Kenya traded 520,300 shares [and has traded about 1m shares in
the last 2 Sessions] and closed unchanged at 16.95.

TPS Serena traded 112,500 shares and closed at 68.00.

Nation traded 57,600 shares and closed unchanged at 167.00.
Standard eased 2.73% to close at 44.50 and traded 900 shares.

ScanGroup closed a shilling lower at 69.00 and traded 7,800 shares.

CMC Holdings was unchanged at 13.00 with just 23,200 shares changing hands.
Cargen traded 7,800 shares and closed unchanged at 50.00.



N.S.E Equities - Finance & Investment

Equity Bank traded 3rd at the Bourse. Equity Bank eased 0.93% to close
at 26.50 and traded a 26.25-26.75 range and 1.623m shares worth
43.196m. Equity Bank has been capped by 27.00 its 2010 and 27 Month
Closing High.
COOP Bank traded 5th and was unchanged at 19.95. COOP Bank traded a
19.90-20.00 range and 1.439m shares worth 28.74m.
KCB closed at 21.50 and traded a 21.50-22.00 range and 481,600 shares
worth 10.464m. KCB trades on a Forward PE Multiple of less than 9.00
and Full Year Results will surely trigger a Re Rating of the share
price.
Barclays Bank was unchanged at 64.00 and traded 45,100 shares.
StanChart retreated 1.46% to close at 270.00 and traded 11,500 shares.

CFC StanBic confirmed that CFC Insurance Holdings Ltd., a unit of CFC
Stanbic Holdings, received regulatory approval to sell shares on the
Kenyan stock exchange. It will “list by introduction” 515 million
shares.'' CFC StanBic was unchanged at 87.50 and traded an 85.50-87.50
range and 55,100 shares.
NIC firmed 1.041% to close at 48.50 and traded 123,500 shares worth 5.996m.
DTB eased 0.76% to close at 130.00 and traded a 130.00-132.00 range
and 33,100 shares worth 4.328m.
HFCK was unchanged at 27.00 and traded 76,400 shares.
NBK eased 0.63% to close at 39.75 and traded 29,900 shares.

Centum edged 1.06% lower to close at 23.25 and traded a 23.25-23.50
range and 542,600 shares worth 12.749m.

Kenya Re eased 0.44% to close at 11.25 and traded an 11.20-11.50 range
and 56,100 shares.
Jubilee traded 100 shares at 200.00 unchanged.
PanAfric did not trade.

Olympia Capital closed at 6.75 -4.26%.



N.S.E Equities - Industrial & Allied

EABL set a 2nd consecutive New All Time Closing High. EABL closed at
221.00 +0.91% and traded a 220.00-225.00 range and 272,500 shares
worth 60.32m which made it the 2nd most active share at the Nairobi
Bourse.

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

Par Value:                  2/-
Closing Price:          219.00
Total Shares Issued:          790,774,336
Market Capitalization:        173,180M
EPS:            9.09
PE:                24.092

Athi River Mining traded 122,800 shares and closed unchanged at
175.00. ARM has traded a Multiple of its Volume Moving Average in the
last 3 months.
Bamburi Cement eased 1.48% to close at 199.00 and traded 99,500 shares.
Portland did not trade.

Sameer Africa slumped 9.15% to close at 6.95 and traded 35,000 shares.
Sameer Africa issued a Profits warning Friday After the Bell and That
Warning can be found here http://bit.ly/dCsksT

KenGen bounced 0.898% to close at 16.85 and traded 628,700 shares.
KPLC traded 114,900 shares and was unchanged at 211.00 ahead of the
Right Issue Pricing Release which is expected soon.
Cables was unchanged at 18.15 and traded 21,500 shares.

Mumias Sugar retreated a further 1.02% to close at 9.70 having peaked
at 15.50 5th August this Year and in what has beena Steep Sell-off
since then. Mumias Sugar traded 546,400 shares.

BAT was unchanged at 290.00 and traded 24,600 shares.

KenolKobil was unchanged at 10.70 and traded 248,400 shares.
Total traded 2,500 shares and closed at 29.00.

Unga traded 69,100 shares at 11.80 unchanged.

Carbacid firmed a shilling to close at 149.00 and traded 10,200 shares.
BOC Kenya did not trade.
Crown Berger was marked back down to close at 35.50 and traded 200 shares.
Eveready closed at 3.40 and traded 12,600 shares.



by Aly Khan Satchu (www.rich.co.ke)
 
 
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November 2010
 
 
 
 
 
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  aly khan says:
november 16th, 2010 at 08:08 pm
The Special Prosecutor at the #ICC http://bit.ly/biqR5K #Capital #YouTube A very c21st #Podcast #Kenya The #Hague www.rich.co.ke