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Morning Africa |
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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 http://www.rich.co.ke
I look forward to hosting the “Banking CEO of the Year” for 2014 National Bank Chief Executive Officer Munir Ahmed at #Mindspeak May 17th |
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What is #Mindspeak ? @YouTube Africa |
I thank the Australian High Commissioner Geoff Tooth @Geofftooth for an outstandingly interesting Lunch. Thank You.
I attended the Polish National Day Celebration yesterday evening in Muthaiga
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@EconomicTimes #Results2014 My son will lead the country towards development, says @NarendraModi 's mother Law & Politics |
Prime Minister Dr Manmohan Singh calls Shri Narendra Modi and congratulated him on his party's victory in the Lok Sabha elections. — Dr Manmohan Singh (@PMOIndia) May 16, 2014
The BJP appear to be on course for a landslide victory, according to the latest count by NDTV. http://www.theguardian.com/world/2014/may/16/india-election-2014-results-live
#IndiaDecides2014: Leads + Results (543/543) - BJP+ 339 (+198) , Congress 59 (-175), Others 145 (-23) #Results2014 pic.twitter.com/01yHTlZtA5
“The old EU paradigm of getting everyone to join a rules-based system has run into a wall because now the Russians won’t play ball,” Techau said in a phone interview. http://www.bloomberg.com/news/2014-05-14/eu-east-west-defense-divide-emboldens-putin-s-arc-of-inst.html
Confronted by the prospect of a new Iron Curtain in Russia’s borderlands, the European Union’s largest countries are turning the other way.
Germany, France, Italy and Spain are all cutting back on defense just as a swath of countries on the EU’s eastern flank from the Baltic Sea to Romania ramp up arms spending. Estonia, which borders Russia, spent a greater share of its national output on defense than France in 2013 for the second year running, NATO figures show.
Europe’s east-west divergence underscores Vladimir Putin’s leverage against EU leaders who lack the will and the means to face down his efforts to rebuild influence in the buffer area between Russia and North Atlantic Treaty Organization member states. Left unchecked in Ukraine, Putin is tearing up the post-Cold War order that saw the EU and NATO expand to 10 former Soviet satellites as Russia could only look on, said Jan Techau, head of the Brussels office of the Carnegie Endowment.
“Many, if not most, European countries have no appetite” for a conflict with Russia, Foreign Minister Sergei Lavrov said yesterday in a Bloomberg Television interview. The U.S. wants to keep Europe “on a short leash,” he said.
Italy plans to use its six-month EU presidency starting July to work on “re-establishing a partnership with Russia,” Foreign Minister Federica Mogherini said in Brussels this week after EU governments agreed to widen sanctions on Russia over Ukraine.
The uncertainty fuels an arc of “instability” from Belarus south through Ukraine to the Caucasus that Techau says “will be the new normal in Europe.”
A unified response is all the more difficult because of a sense of disconnect between the EU’s eastern periphery and its core, where life goes on much as normal. In those countries wracked by the debt crisis, things are even starting to pick up.
Russia “regards the NATO front-line states in the Baltic Sea region and possibly in the Black Sea region as a sort of soft underbelly of the alliance,” Estonian Defense Minister Sven Mikser said in a May 6 interview. He called for a “stronger NATO footprint on the soil of front-line states.”
Russian President Vladimir Putin prior to as part of a one-week trip to Sochi, on May 12, 2014. http://www.bloomberg.com/news/2014-05-14/eu-east-west-defense-divide-emboldens-putin-s-arc-of-inst.html
THE HALF-CENTURY ANNIVERSARY OF “DR. STRANGELOVE” http://www.newyorker.com/online/blogs/culture/2014/05/kubrick-dr-strangelove-half-century-anniversary.html
“Mein Führer, I can walk!” screams Dr. Strangelove (Peter Sellers), the ex-Nazi nuclear scientist, rising from his wheelchair to salute the American President at the climax of “Dr. Strangelove or: How I Learned to Stop Worrying and Love the Bomb.” Stanley Kubrick’s satirical masterpiece is now a half century old (Film Forum will be playing a new 35-mm. print starting this Friday), and it remains as outrageously prankish, juvenile, and derisive as ever. Which, given the subject of nuclear annihilation, is exactly right. The movie is an apocalyptic sick joke: the demented general Jack Ripper (Sterling Hayden), who thinks the Commies are using fluoridation to destroy his bodily fluids (he withholds his essence from women), dispatches a group of B-52s loaded with H-bombs to destroy Soviet targets. President Merkin Muffley (Sellers again) tries to recall them; he even helps the Soviet Union to destroy some of the planes. But, after all sorts of misadventures, one B-52 gets through, setting off a Soviet-built Doomsday Machine—chained nuclear explosions assembled in a stunningly beautiful montage, accompanied by Vera-Ellen singing the tender ballad “We’ll Meet Again (Don’t Know Where, Don’t Know When).”
Conclusions
It certainly feels a little circular, doesn't it?
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In 2013, Africa’s share of global FDI projects reached 5.7%, its highest level in a decade. Africa attractiveness survey 2014 Africa |
However, the average size of FDI projects increased to US$70.1m in 2013, from US$60.1m in 2012. In terms of destinations, while South Africa maintained its position as the top FDI destination, emerging hotspots for investment are Kenya, Ghana, Mozambique, Uganda, Tanzania and Zambia.
African investors nearly tripled their share of FDI projects over the last decade, and Intra-African investment has also driven job creation on the continent. This growth is fueled by the need for improved regional value chains and strengthening regional integration.
With the diversification of economic activity in Africa gathering pace, growing employment levels are creating a new consumer class. This has paved the way for increasing FDI in consumer-focused services and manufacturing sectors. Sectors other than extractive industries are growing in importance.
The most striking observation from this year’s survey is how far Africa’s perceived attractiveness has improved. In less than five years, Africa has risen to become the second most attractive investment destination in the world, tied with Asia.
South Africa, Nigeria and Kenya are considered the most attractive investment destinations in SSA, whereas Morocco is seen as the leading destination for doing business in North Africa, largely on account of its relatively stable political environment.
However, the perception gap between those already doing business on the continent, and those with no business presence, remains striking.
More specifically, those already active on the continent rank it as by far the most attractive investment destination in the world today. Those who are yet to invest are far less enthusiastic, ranking Africa as the least attractive investment destination in the world. The gap could hardly be wider.
Download Africa attractiveness survey 2014 as a pdf http://www.ey.com/Publication/vwLUAssets/EY-attractiveness-africa-2014/$FILE/EY-attractiveness-africa-2014.pdf
FDI in 2013 http://www.ey.com/ZA/en/Issues/Business-environment/EY-africa-attractiveness-survey-2014
EY’s 2014 Africa attractiveness survey Executing growth http://www.ey.com/Publication/vwLUAssets/EY’s_2014_Africa_attractiveness_survey_:_Executing_growth/$FILE/EY-Africa-attractiveness-2014-infographic.pdf
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The share of intra-African investments in the continent’s FDI reached a record 23 per cent last year, up from just 8 per cent five years ago, according to consultancy group EY. Africa |
The surge in intra-African direct investment comes on the back of high profile local companies expanding across the region, including South African-based retailer Shoprite, Standard Bank, bottler Coca-Cola Sabco and telecom group MTN.
South African companies are seeking new growth markets to compensate sluggish economic growth at home, trying to tap into a fragile middle class across the region. Shoprite, which now has more than 150 outlets in 16 African countries outside its home market, said it sold more cans of Red Bull, the energy drink, in five shops in Angola last year than in all its 382 outlets in South Africa, for example.
Nigeria’s Dangote Group, owned by Africa’s richest man, Aliko Dangote, is also expanding quickly across the region, opening cement factories in Zambia and Cameroon. Kenyan companies are also spreading, particularly in the east African region.
This growth is fuelled by the need for improved regional value chains and strengthening regional integration. Another driver of growth is the African investors’ understanding of the market and of the potential opportunities and challenges.
Africa is also the fastest-growing source of FDI in Africa, accumulating a growth rate of 31 per cent between 2007 and 2013, compared with 16 per cent for Asia and 5.8 per cent for the Middle East.
By number of FDI projects, African headquartered groups are now the second source of investment in the continent, behind only western Europe, EY said. “Intra-African investments are also the second-largest source of job creation on the continent,” it noted.
South Africa is the largest domestic investor in the continent, accounting for nearly 35 per cent of all the so-called Africa direct investment, followed by Kenya with 16 per cent and Nigeria with 11.6 per cent.
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"They talk about economic growth but we don't see it," said Emmanuel Apiah Africa |
South Africa All Share Bloomberg +8.18% 2014 Just below a record High http://www.bloomberg.com/quote/JALSH:IND
Dollar versus Rand 6 Month Chart INO 10.3902 http://quotes.ino.com/charting/index.html?s=FOREX_USDZAR&v=d6&t=c&a=50&w=1
Egypt Pound versus The Dollar 3 Month Chart INO 7.1125 [on the slide of late] http://quotes.ino.com/charting/index.html?s=FOREX_USDEGP&v=d3&t=c&a=50&w=1
Via @ReutersWorld How #Egyptian presidential candidate #sisi says the #US can help him fight #terrorism pic.twitter.com/Lu8NUrPboY http://t.co/Lu8NUrPboY
Asked what message he has for U.S. @BarackObama, Sisi said: "We are fighting a war against terrorism." http://www.reuters.com/article/2014/05/15/us-egypt-sisi-idUSBREA4E07X20140515
"The Egyptian army is undertaking major operations in the Sinai so it is not transformed into a base for terrorism that will threaten its neighbors and make Egypt unstable. If Egypt is unstable then the entire region is unstable," said a quietly spoken Sisi, wearing a dark civilian suit.
"We need American support to fight terrorism, we need American equipment to use to combat terrorism."
He said neighboring Libya, which has descended into chaos following the Western-backed uprising that toppled Muammar Gaddafi, was becoming a major security threat to Egypt with jihadis infiltrating across the border to fight security forces.
Sisi said the West must understand that terrorism would reach its doorstep unless it helped eradicate it.
"The West has to pay attention to what's going on in the world - the map of extremism and its expansion. This map will reach you inevitably," he said.
He said neighboring Libya, which has descended into chaos following the Western-backed uprising that toppled Muammar Gaddafi, was becoming a major security threat to Egypt with jihadis infiltrating across the border to fight security forces.
Sisi said the West must understand that terrorism would reach its doorstep unless it helped eradicate it.
"The West has to pay attention to what's going on in the world - the map of extremism and its expansion. This map will reach you inevitably," he said.
In a sideswipe at Western policy on Syria, where U.S. and European support for rebels fighting for three years to bring down President Bashar al-Assad has seen a proliferation of jihadism and the fragmentation of the country, Sisi stressed the need to maintain the unity of Syria.
"Otherwise we will see another Afghanistan", he said. "I don't think you want to create another Afghanistan in the region."
"They lost their connection with Egyptians," Sisi said, accusing them of violence, which the group denies.
"Unjustified violence towards Egyptians made them not only lose sympathy among Egyptians, but also meant they have no real chance of reconciliation with society."
Conclusions
nuanced and sophisticated and surprisingly independent in his support by extrapolation of Bashar Assad and a unitary Syrian State.
Egypt EGX30 Bloomberg +27.93% 2014 Africa's Best in 2014 Fresh more than 60 month highs http://www.bloomberg.com/quote/CASE:IND
8,553.43 +86.58 +1.02%
if the equity markets had a vote in Egypt, army chief general Abdel Fattah al-Sisi would actually get one of those impossible- to-believe votes of 99.8% 20-JAN-2014 http://www.rich.co.ke/media/docs/038NSX2001.pdf
Nigeria All Share Bloomberg -2.65% 2014 http://www.bloomberg.com/quote/NGSEINDX:IND
"In general Nigeria has failed to mount an effective campaign against Boko Haram," Alice Friend, the Pentagon's principal director for African Affairs, told a hearing of the Senate Foreign Relations Committee's Africa subcommittee. http://www.reuters.com/article/2014/05/15/us-nigeria-girls-usa-idUSBREA4E0QT20140515
Ghana Stock Exchange Composite Index Bloomberg +4.88% 2014 [but consider a more than 23% depreciation in the Cedi over same period] http://www.bloomberg.com/quote/GGSECI:IND
Zambian Kwacha Falls in World’s Worst Retreat on Dollar Drive http://www.bloomberg.com/news/2014-05-15/zambia-kwacha-falls-in-world-s-second-worst-drop-on-dollar-drive.html
Zambia’s kwacha weakened in the world’s worst decline against the dollar today as a shortage of foreign exchange pushed the currency of Africa’s second-biggest copper producer to a record low.
The kwacha, the continent’s worst performer this year after Ghana’s cedi, has come under pressure from deficits on the southern African nation’s current and capital accounts, Fitch Ratings said in a note today. The selloff will probably continue, according to Zambia National Commercial Bank Plc.
The kwacha dropped as much as 2.1 percent, the biggest intraday fall since March 27, and traded 1.6 percent weaker at 6.6550 per dollar by 5:33 p.m. in Lusaka, a record low and the worst today among 172 global currencies tracked by Bloomberg.
A weaker kwacha leads to higher costs of imports including oil, adding pressure on the inflation rate, which climbed to 7.8 percent in April the highest since November 2011. The Bank of Zambia raised its benchmark rate to 12 percent from 10.25 percent in March and held it at a record high this month.
Yields on Zambia’s Eurobonds sold last month and due in April 2024 fell for a third day to 7.51 percent, one percentage point less than the coupon, and a record low. Proceeds from the $1 billion dollar debt may help take pressure off the government’s deficits, Fitch analysts including Carmen Altenkirch wrote.
Zambia, Ghana and South Africa have been most affected by “home-grown challenges” along with the effect of Federal Reserve stimulus cuts on markets, according to Fitch.
Conclusions
28-APR-2014 Rising Fiscal Imbalance is Region's Achilles Heel http://www.rich.co.ke/media/docs/038NSX2804.pdf
My takeaway is; the tailwinds remain favourable but that the markets are no longer as benign and that we would be wise to look very closely how policy makers are getting crunched in places like Ghana. A more than 30 per cent collapse in a currency is a direct cause-and-effect of poor policy making. Putting Humpty Dumpty together again is not an easy thing.
October 13, 2013. Bangassou, Mbomou prefecture, Central African Republic. The soldiers of the national military use the local police station as their base. Photo Booth http://www.newyorker.com/online/blogs/newsdesk/2014/05/slide-show-remembering-camille-lepage-1988-2014.html#slide_ss_0=1
On Tuesday, the body of the twenty-six-year-old French photojournalist Camille Lepage was found in a car driven by members of the so-called Anti-Balaka militia force in the Bouar region of the Central African Republic. Lepage, who moved to the country last year to document the conflict in the region, worked as a freelancer and was on assignment when she was killed. The office of President François Hollande released a statement that read, “Everything will be done to uncover the circumstances of this assassination and to track down who murdered our compatriot.” Above is a selection of Lepage’s recent work from the Central African Republic.
October 4, 2013. Bangui, Central African Republic. At the general headquarters of FOMAC. http://www.newyorker.com/online/blogs/newsdesk/2014/05/slide-show-remembering-camille-lepage-1988-2014.html#slide_ss_0=3
The U.S. government banned ivory imports from Zimbabwe because it “does not have sufficient information” on the number of elephants in Zimbabwe to determine if population of the animals is sustainable, Shire said in an April 22 e-mailed statement. http://www.bloomberg.com/news/2014-05-16/zimbabwean-hunters-count-costs-of-u-s-ban-on-elephant-ivory.html
“We were caught napping by the U.S. ban as we didn’t anticipate it,” Langton Masunda, chairman of Hwange-Gwayi-Dete Conservancy in Matabeleland North province, said in a telephone interview. “We now have to look at Russian and Chinese markets, and at other nationalities interested in sport hunting instead of relying on Americans who think they are the only ones with the big bucks.”
Zimbabwe’s hunters, who undergo some of the most rigorous training in Africa, can earn as much as $2,000 a day helping clients from America, Eastern Europe and Spain shoot anything from antelope to lion and elephant, according to the Zimbabwe Parks and Wildlife Management Authority.
A client will pay about $30,000 in permit fees and for the hire of a professional hunter to get an elephant. A lion kill will likely cost a hunter about $55,000, according to the authority’s guidelines.
Conclusions
#HandsoffourElephants
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Kenya scolds Britain, U.S. over 'unfriendly' travel warnings Kenyan Economy |
Kenya rebuked Britain, the United States, Australia and France on Thursday for issuing warnings about travel to the east African country and particularly its main port city after a series of attacks there.
Kenya called the alerts "unfriendly", saying they would increase panic and play into the hands of those behind the gun and grenade assaults.
Kenya has blamed bomb blasts in the capital Nairobi and the main port city Mombasa this month, as well as other attacks, on the al Qaeda-linked Somali group al Shabaab.
The warnings may further damage Kenya's tourism sector, one that President Uhuru Kenyatta said is "on its knees" following the raids in the capital and along the Indian Ocean coastline.
Karanja Kibicho, the principal secretary at the foreign affairs department, said Kenya was assuring its visitors of "utmost security and safety", and lamented the advisories by countries also involved in its fight against the militants.
"The advisories therefore are obviously unfriendly acts coming from our partners who have equally borne the brunt of global terrorism and no doubt understand the repercussions of terror menace," Kibicho said.
"The challenges arising from acts of terrorism require concerted efforts to fight it and not behaving in a manner that accelerates it by causing fear and panic."
Kenyan authorities say they do not know of any imminent threats.
Western diplomats have privately said Kenyan security forces - which receive aid and training from the United States, Britain and Israel among others - are weakened by inter-agency rivalries that hamper intelligence work.
Britain's Foreign Office told its citizens they should avoid travel to Mombasa and the surrounding area because of "recent terrorist attacks and the continuing terrorist threat in the area," unless travel was essential.
The U.S. Embassy warned its citizens of the continued threat of "potential terrorist attacks in the country," citing targets include hotels, nightclubs and malls.
Kenya said Australia and France issued similar warnings.
Conclusions
The United Kingdom has issued its highest warning for the Mombasa area, ever, apparently.
British tourists leave Kenya after Foreign Office warning http://www.theguardian.com/world/2014/may/16/kenya-british-tourists-foreign-office-warning
The recent bombings in Abuja and last years attack on Westgate confirm the potency of asymmetric risks http://www.rich.co.ke/media/docs/038NSX2104.pdf
African markets have taken these risks in their stride. They might stumble if these asymmetric risks ratchet higher.
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Southern Palms The Sea Side Diani South of Mombasa Kenyan Economy |
7-FEB-2014 :: Base Titanium, Ilmenite, Likoni Ferry, Security and Senator http://www.rich.co.ke/media/docs/038NSX2001.pdf
There is some serious c21st infrastructure both at the mine site and at the jetty but as I sat on the Likoni ferry, deep in the milieu of the overwhelming tide of humanity, I could not help recalling Antonio Gramsci;
''The old is dying and the new cannot be born; in this interregnum there arises a great diversity of morbid symptoms. ''
I suppose post Westgate I notice how often in a day I am at a standstill and that the density of humanity around me means I am in fact helpless, whether its the Likoni ferry or crawling at 2mph around the Likoni environs or stuck in a jam on Waiyaki Way.
These are asymmetric sweet spots as it were. I follow trends [the trend is your friend] and whether it was the Ibrahim index which noted:
''At the sub-category level, no region in Africa has improved in rule of law or personal safety since 2000.''
or the WEF Report of September 2013 which ranked us 125th with regard to the security situation and characterised it as ''worrisome'' or a report on Bloomberg this week which said that between January and November 2013, versus a year earlier, violent offenses including murder, robbery and rape surged between 11 per cent and 22 per cent, the security indicators are heading in the wrong direction.
Once the security genie escapes the bottle, it will be practically impossible to bottle him again and call me old-fashioned but I yearn for the certainty of a John Michuki whom I know could look this dead straight in the eye and us as well and say I got this covered.
I can see the birth pangs of the new. The World Economic Forum reports scored us at 50th for our innovative capacity. In terms of international internet bandwidth per internet user, Kenya is now the bandwidth-richest country in Africa after an increase in international internet bandwidth per internet user from 4 500 Mbit/s in 2011 to 24 000 Mbit/s in 2012. That is plain optimal in the new information age.
Good afternoon from the Likoni Channel 92 days ago http://www.twitpic.com/dqhve4
Kenya Shilling versus The Dollar Live ForexPros 87.453 [Big FY Dividend payments being uplifted to Parent Companies] http://j.mp/5jDOot
Nairobi All Share Bloomberg +10.303% 2014 http://www.BLOOMBERG.COM/quote/NSEASI:IND
Nairobi ^NSE20 Bloomberg +0.372% 2014 http://j.mp/ajuMHJ
Every Listed Share can be interrogated here http://www.rich.co.ke/rcdata/nsestocks.php
Africa Oil discovers new reserves in two northern Kenya wells @BD_Africa http://www.businessdailyafrica.com/Africa-Oil-discovers-new-reserves-in-northern-Kenya/-/539552/2316220/-/i84fjiz/-/index.html
Pan Africa Insurance raises its Family Bank stake to 5pc @BD_Africa http://www.businessdailyafrica.com/Corporate-News/Pan-Africa-Insurance-raises-its-Family-Bank-stake/-/539550/2316352/-/13ui7dw/-/index.html
“Our stake in Family Bank is at five per cent. We are interested in raising it further should there be an opportunity,” said Mr Gitogo.
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N.S.E Today |
The Nairobi All Share firmed 0.2786% to close at 151.15. The All Share was lifted by a rebound in Safaricom which rebounded 1.984% on heavy volume. The Nairobi NSE20 Index rallied 22.24 points higher to close at 4967.57. The NSE20 has not closed above the key 5,000 level since January and that Level remains key. The NSE20 has been a little circumspect about the 5,000 Level. Equity Turnover was 972.392m of which 76.6% of that was transacted in Safaricom and Buyers stepped in and mopped up everything upto 13.15.
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N.S.E Equities - Commercial & Services |
Safaricom firmed 1.984% to close at 12.85 and was in fact trading at 13.15 +4.37% at the closing Bell. Safaricom traded heavy volume of 57.811m shares worth 744.877m as Buyers scooped up shares. As I said the more than 50% Uplift in the Full Year Dividend was the loudest Signal in the Earnings Release. The 3 day Profit taking move immediately after the Earnings Release totalled 2.32% Peak to Trough was real mild, orderly and on low volume and was in fact a Bullish Signifier. Expect Fresh All Time Highs above 13.50 in reasonably short order.
Kenya Airways closed unchanged at 12.80 and traded 166,500 shares. Buyers for size are at 12.50 and Sellers are at 13.00+. Full Year Earnings are slated for release June 4th.
TPS Serena looked through the Mombasa Evacuation Noise [TPS Serena is very diversified and therefore todays price reaction understandable given that TPS Serena remains so oversold] and ticked 1.85% higher to close at 41.50 on light trading of 7,400 shares.
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N.S.E Equities - Finance & Investment |
Equity Bank eased 1.88% to close at 39.00 and was trading at session Lows of 38.50 -3.14% at the closing Bell. Equity Bank had 4 sellers for every 1 Buyer. Equity Bank traded 510,000 shares. Investors are seeking to book gains after a parabolic rally which saw the share price rally 27.55% 4 weeks through 9th May. Equity Bank is +26.82% in 2014.
National Bank surged 4.6875% to close at 33.50 the day before National Bank's CEO and MD Munir Ahmed will speak at my Business Club #Mindspeak. National Bank is +16.52% this year.
Housing Finance retreated 6.547% today to close at 39.25 but consider that it had spiked +16.666% higher over the two preceding sessions and Profit taking was therefore in order.
Centum closed unchanged at 40.00 and traded 652,500 shares.
Transcentury which had retreated 20.869% this year through this morning, rebounded 3.296% to close at 23.50 on light trading of 1,300 shares.
Liberty rallied +6.25% to close at 21.25 and traded 14,800 shares. Liberty Kenya is +41.19% this year and a part of what has been a broad based Rally in the insurance Sector which began in Q4 2013. Jubilee Insurance ticked 0.613% higher to close at 328.00 and was trading at 334.00 +2.45% session highs at the Finish line. Jubilee is playing Catch-Up after the Lagging its Peer Group rally. Jubilee is +17.14% in 2014.
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N.S.E Equities - Industrial & Allied |
KenolKobil traded its highest Volume session of the year yesterday and some 19.492m shares representing 1.32% of the shares of the company and followed that with a steep 7.647% rally to close at 9.15 and was in fact locked at the daily limit of 9.35% +10.00% for a great deal of the session. KenolKobil traded 4.919m shares and evidently something might well be afoot. KenolKobil turned things around FY 2013. KenolKobil is -9.405% in 2013 but this move might see it reach unchanged.
East African Portland Cement EAPCC issued a FY Profits Warning for the Year ending June 2014. EAPCC closed unchanged at 92.50 and traded 2,400 shares. EAPCC trades on a Trailing PE of 4.688 and There is a school of thought that believes the net consequence of the Investigation into Lafarge's Position in the Cement sector will be that EAPCC will be in play. EAPCC is in fact +34.057% in 2014 and is carrying a valuable land bank on its balance sheet which if off-loaded would probably make EAPCC better than debt free.
East African Portland Cement issues a Profits Warning here http://www.rich.co.ke/media/docs/EA%20Portland%20Cement%20Profit%20Warning%20Announcement.pdf
Express traded 38,100 shares and all at 5.00 +4.17%. Express is +28.2% in 2014 and like other Small Caps has caught a Bid in 2014.
Olympia Capital ticked 2.13% higher and closed at 4.80. Olympia Capital is +4.34% this year.
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