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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 |
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I woke up Hannah a lot earlier this morning Africa |
And she told me that She did not love me even a little iota.
And I said 'But Hannah You are my World''
She said with some brevity 'Well You are not mine.''
Then just before I got out of the Car she says
''Do You Forgive me?''
And i thought Women! and i said.
''I forgive you everything.''
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Thailand's army declared martial law on Tuesday @Reuters Law & Politics |
Troops were patrolling in Bangkok, stopping some traffic from entering the city and placing sandbags outside a city center police headquarters, witnesses said.
Soldiers had secured television stations, one Thai army general said.
"We declared a state of emergency, it's not a coup. Because of the situation, it's not stable, they kill each other every day," the general, who declined to be identified, told Reuters.
"We need cooperation from them to announce to the people 'do not panic, this is not a coup'," the general said.
Weak exports and the political mayhem have damaged the economy, prompting the state planning agency to cut its forecast for 2014 growth to between 1.5 and 2.5 percent, from a range of 3.0 to 4.0 percent.
Thailand's army declared martial law on Tuesday http://news.bbcimg.co.uk/media/images/74965000/jpg/_74965920_74965919.jpg
The Brzezinski Doctrine ("The Eurasian Balkans") is the definition of non-linear warfare and subversive destabilization http://www.globalresearch.ca/americas-non-linear-warfare-agenda-and-the-right-to-resist/5382799
Gene Sharp's writings have also provided pivotal tactical advice in advancing the West's non-linear warfare strategy.
Taking the use of non-state actors even further, the West has a history of promoting militarized proxy groups to carry out its policies. This is most clearly seen in Kosovo, Afghanistan, Iraq, Libya, and Syria.
Kenneth Boulding: " 'That which is, is possible.' http://www.newstatesman.com/politics/your-democracy/2013/01/gene-sharp-machiavelli-non-violence
Ukrainian riot policemen hold the formation against "rioters" during the exercises for mass disturbances suppression in the southern Ukrainian city of Odessa. Photograph: Alexey Kravtsov/AFP/Getty Images http://www.theguardian.com/news/gallery/2014/may/19/photo-highlights-of-the-day
"Part of the capacity needed by the AU is the establishment of the African Standby Force for rapid deployment in crisis areas without delays." @SAPresident http://news.iafrica.com/sa/939149.html
The governments of both countries, disappointed with the results, have reduced their level of co-operation. It is hard to see where the president can begin Economist http://www.economist.com/news/middle-east-and-africa/21601838-crime-terrorism-and-police-abuse-are-all-rising-together-little-law-less-order
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Al-Shabaab's New Face in Kenya? Jay Bahadur Law & Politics |
With the notable exception of Westgate, terrorism incidents in Kenya have largely consisted of lobbed grenades and makeshift IEDs. The perpetrators have tended to be sympathetic to al-Shabaab's ideology but unlikely to have direct ties to the group.
But there are signs that al-Shabaab top brass are beginning to take a more active role in Kenya, where the security climate has rapidly deteriorated over the past year despite the East African country receiving vast intelligence support from American, British and Israeli spy agencies.
In a 23 April suicide attack, two militants detonated a Vehicle-Borne Improvised Explosive Device (VBIED) at a police station in the Nairobi neighbourhood of Pangani, killing two police officers as well as the attackers. Many believe that the station was not the intended target, but that the bombers had been on their way to another site - perhaps a nightclub - when they were pulled over for driving on the wrong side of the road. The blast was atypically powerful, and it is possible that the secondary bomber was wearing a suicide vest to augment the main explosives contained in the vehicle's boot.
It was the second time in under two months that a sophisticated VBIED - bearing the signs of more direct al-Shabaab involvement - had found its way into a Kenyan police station. On 11 March, an impounded car brought to an Anti-Terror Police Unit station in Mombasa was later found to contain six pipe bombs attached to a mobile phone detonator, containing enough plastic explosives to collapse a multi-storey building.
Ikrima, the Somali-Kenyan militant suspected of organizing the Westgate attack, and Mahad Karate - the head of Amniyaat, al-Shabaab's intelligence and assassination unit - are believed to be working closely together to plan further attacks in Kenya.
"Given the sophistication of what's going on in terms of VBIEDs... clearly indicates to me that Amniyaat is now fully in change," said Rashid Abdi, Somalia analyst for the International Crisis Group.
Abdi argues that their increasing involvement is a product of al-Shabaab dissatisfaction over the commitment level of homegrown non-Somali Kenyan radicals, especially with respect to their willingness to carry out suicide attacks. Abdi has identified a "new, shadowy" Kenyan radical group made up almost exclusively of ethnic Somalis, a group to which the Pangani suicide bombers had belonged. Al-Shabaab, he believes, has been pressuring this network to take the lead on the domestic terror front from other groups - such as the Muslim Youth Centre (MYC)/ al-Hijra - which it judges insufficiently radicalized. Indeed, the fact that the principal Pangani bomber was a Nairobi-born university graduate, whose father had served as a surgeon in the Kenyan Defence Forces, suggests a level of ideological radicalization far exceeding that of the average MYC/al-Hijra cadre.
There may be other such attacks in the works. According to an analyst source, a suicide VBIED attack in early April targeting the National Intelligence Agency (NIS) operations centre at Nairobi's Nyati House was disrupted only when one of the attackers failed to gain entry and was shot dead outside the gate.
The prospect of a more centrally-planned, "hands on" approach by al-Shabaab in Kenya is worrying, especially in light of the diverse tactics the group has employed to create havoc in Somalia. A proliferation of "complex attacks"- using a combination of gunmen and suicide bombers - strikes on government buildings, and perhaps even targeted assassinations against Kenyan politicians and security forces officials may be in Kenya's future.
So far, the Kenyan government has had few answers to the mounting threat, other than an indiscriminate crackdown on the Somali community and a bizarre neighbourhood watch-type initiative.
Without a radical rethinking of counter-terrorism policy in the near future, Kenya risks further erosion of state control and lasting damage to its economic prospects.
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Russia is close to signing a decades-long contract to supply natural gas to China at a price that would value the deal at about $400 billion, according to Prime Minister Dmitry Medvedev. Law & Politics |
Medvedev's boss Vladimir Putin arrives in Shanghai today to try and complete an agreement after more than 10 years of talks. The stumbling block has been price, but with Putin facing trade and financial sanctions from the U.S. and European Union after he annexed Crimea from Ukraine, a deal is seen as probable.
"It's time we reached an agreement with the Chinese on this issue," Medvedev said in a Bloomberg Television interview in Moscow yesterday. "It is very likely that there will be a contract, which means long-term contracts."
hina, Russia's largest trading partner with $94.5 billion of business last year, was the only country in the United Nations Security Council not to censure Putin's actions in Ukraine.
"We expect the Sino-Russia gas deal to be finally ratified during President Putin's visit and the pricing terms will not be too demanding for China," said Simon Powell, head of oil and gas research as CLSA Ltd. in Hong Kong.
"We are just one digit away," Chief Executive Officer Alexey Miller said on Russian state television before flying to Beijing for a meeting with CNPC Chairman Zhou Jiping on May 17. "There's just one issue, which is the so-called P-zero, or basic starting price in the formula."
Gazprom plans to build a $22 billion pipeline to China able to carry as much as 38 billion cubic meters (1.34 trillion cubic feet) annually after years of false starts. The company may begin supplying China in 2019 to 2020, Russia Energy Minister Alexander Novak said in March.
That amount of gas is almost a quarter of China's current consumption and about 10 percent of its estimated demand by 2020, said Gordon Kwan, head of oil and gas research at Nomura International Hong Kong Ltd.
Gazprom's average price in Europe was $380.5 per thousand cubic meters last year. CLSA forecasts a price for Russia's gas of $9.50 to $10 per thousand cubic feet ($335 to $350 per thousand cubic meters) delivered to the Chinese border.
That target, worth almost $400 billion over a 30-year contract, compares with the $10 per thousand cubic feet China pays for imports from Turkmenistan and is substantially lower than liquefied natural gas at about $15, Powell said.
''Better to sign a contract at a relatively low price now, than not to sign it all," said Ekaterina Rodina, an oil and gas analyst at VTB Bank (VTBR) in Moscow. "Especially if China agrees to provide prepayments or loans, which Gazprom could use in pipeline construction and field development."
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Currency Markets at a Glance WSJ World Currencies |
Euro 1.3712 Dollar Index 80.02 Japan Yen 101.54 The dollar fetched 101.53 yen from 101.50 yesterday, when it reached 101.10, the least since Feb. 5. Swiss Franc 0.8920 Pound 1.6818 Aussie 0.9300 Australia's dollar fell 0.3 percent to 92.99 U.S. cents as of 1:36 p.m. in Tokyo from yesterday, after touching 92.95, the lowest since May 6. "What was most notable out of the minutes was that there was a little bit more commentary around the labor market, highlighting that, while we have seen some better jobs numbers recently, there is a lot of spare capacity," said Sean Callow, a senior currency strategist at Westpac Banking Corp. in Sydney. India Rupee 58.57 South Korea Won 1022.35 Brazil Real 2.2058 Egypt Pound 7.1167 South Africa Rand 10.3756
Dollar Index 3 Month Chart INO 80.02 http://quotes.ino.com/charting/index.html?s=NYBOT_DX&v=d3&t=c&a=50&w=1
Euro versus the Dollar 3 Month Chart 1.3712 http://quotes.ino.com/charting/index.html?s=FOREX_EURUSD&v=d3&t=c&a=50&w=1
"We have seen that banks are accepting negative deposit rates, that they see it as an insurance premium for an especially safe deposit," ECB Governing Council member Ewald Nowotny said yesterday in Vienna. "If this makes sense and is needed on a European level, it must still be thoroughly discussed."
"ECB easing in June is becoming the consensus view," said Etsuko Yamashita, chief economist at Sumitomo Mitsui Banking Corp. in New York. http://www.bloomberg.com/news/2014-05-19/euro-near-three-month-low-versus-yen-before-ecb-officials-speak.html
Dollar Yen 3 Month Chart INO 101.54 http://quotes.ino.com/charting/index.html?s=FOREX_USDJPY&v=d3&t=c&a=50&w=1
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Prime Minister @Abeshinzo turned to Nobel laureate Robert Shiller to try to restore a vital ingredient of his economic revolution: optimism. International Trade |
Abe met the Yale University professor in Tokyo on March 10 to discuss how to reverse what the Japanese leader calls the "shrunken mindset" entrenched in the country after two decades of economic stagnation. With a public-relations team of about 100, TV appearances and use of buzz-words like Abenomics, Abe is trying to revive a risk-taking spirit to unlock the investment, spending and wage gains needed to sustain his reflation plan.
"It's important to have it sound like a revolution," said Shiller, co-author of the 2009 book "Animal Spirits: How Human Psychology Drives the Economy and Why it Matters for Global Capitalism." "Launching animal spirits is about capturing the public spirit -- the zeitgeist."
"A large part of Abenomics is psychology," said Yoichi Sekizawa, a senior fellow at RIETI, a think-tank linked to Japan's trade ministry. Abe's language on TV shows he's trying to lift the national mood by "emotional contagion," or changing people's perceptions by blanketing them with positive messages, Sekizawa said.
"If my mindset is negative, this will likely have an effect on the whole country," Abe said on Fuji TV's "Waratte Iitomo" variety show in March. "I have to be as cheerful as possible."
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Thai Baht 1 Year Chart INO 32.501 Emerging Markets |
The baht slid as much as 0.6 percent, the biggest intraday retreat in two months, before trading 0.2 percent weaker at 32.52 per dollar. The currency pared its loss on suspected intervention, according to Kozo Hasegawa, a currency trader at Sumitomo Mitsui Banking Corp.
Frontier Markets
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United Nations Mission in the Republic of South Sudan (UNMISS) Conflict in South Sudan: A Human Rights Report Africa |
2. Fighting started in the capital, Juba, on the evening of 15 December, initially among members of the Presidential Guard. The Sudan People's Liberation Army (SPLA) split between forces loyal to the Government and forces loyal to former Vice-President Riek Machar. Fighting moved rapidly to various military installations and, by the next morning, into civilian neighbourhoods. After forces loyal to Mr. Machar were defeated, Government forces entered neighbourhoods primarily populated by civilians of Nuer origin and began targeting Nuer men. Multiple witnesses told the Human Rights Division that mixed groups of security forces went house-to-house killing Nuer men or taking them away. Thousands fled their homes and neighbourhoods were left emptied and often destroyed by security forces. In one incident, at least 300 men of Nuer origin were rounded up from the Gudele neighbourhood and detained and then killed in a facility used by several security forces as a joint operations centre.
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Kenya economic growth projected to hit 5.7 per cent this year. @AfDB_ORG [I am a Seller] Kenyan Economy |
This is according to a yearly report released by the African Development Bank on Monday during its annual general meeting held in Kigali.
Carrefour is set to make an entry into Kenya by leasing space at the upcoming Two Rivers shopping centre in Runda. http://www.businessdailyafrica.com/Corporate-News/Dubai-group-signs-Runda-mall-lease/-/539550/2320532/-/t6k18xz/-/index.html
The Two Rivers project is the brain child of the Nairobi Securities Exchange-listed investment firm Centum, which has lately raised its stake in real estate with an eye on double-digit returns that the sector has yielded over the past decade.
Centum CEO James Mworia said in an interview that Carrefour has booked 100,000 square feet or 16.1 per cent of the 620,000 square-feet shopping complex expected to be complete by October next year.
"Majid Al Futtaim will be one of the tenants at our mall, bringing the Carrefour franchise," said James Mworia, Centum's chief executive.
L'Oreal East Africa says the Nice & Lovely range of beauty products it acquired last year from Kenyan businessman Paul Kinuthia contributed two-thirds of its sales in the region. http://www.businessdailyafrica.com/Corporate-News/L-Oreal-reaps-from-Nice---Lovely-buy/-/539550/2320482/-/ws6cc6z/-/index.html
L'Oreal says it sold 40 million units of skincare, cosmetics, hair care, hair colour and hair styling products last year compared to two million products in 2012 when it only dealt with its Dark and Lovely brands in the Kenyan market.
Managing director Patricia Ithau attributed the growth in sales to the acquisition of Nice & Lovely, which gave the beauty firm an entry into the mass retail market. The company declined to provide revenue figures.
"The acquisition of Nice & Lovely helped us tap the low-end market given its price point. This makes it a significant business for us," Ms Ithau said in an interview.
"It is now two thirds of the business, with Dark and Lovely contributing a third of total revenue."
L'Oreal in April last year took over the health and beauty business of Interconsumer Products in a deal estimated at Sh3 billion.
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"With the arrival of new players and growing demand, Bamburi's market share has been decreasing over time and is now in the region of 39 percent," Tresarrieu said in an interview Kenyan Economy |
"None of the players is dominant and there is therefore no possibility of abuse of a dominant position."
The competition authority said earlier this month it may force Lafarge to sell some of its interest if the company is found to have a dominant position in violation of antitrust legislation. Its investigation comes amid a dispute between shareholders and the government over ownership of EAPCC. Kenya's Treasury holds a 25 percent stake in the company, while the state-owned National Social Security Fund has 27 percent.
The government wants Lafarge to dilute its shareholding in EAPCC because no company should hold a "monopolistic stake" in Kenyan industries, Industrialization and Enterprise Development Permanent Secretary Wilson Songa said Feb. 12.
Suspected Somali al Shabaab militants killed at least 12 people in an ambush in northern Kenya on Monday @Reuters http://www.reuters.com/article/2014/05/19/us-kenya-attacks-idUSBREA4I0R220140519
Kenya Shilling versus The Dollar Live ForexPros 87.657 http://j.mp/5jDOot
The currency fell 0.2 percent to 87.80 per dollar by 10:46 a.m. local time, its weakest level on an intraday basis since Aug. 12, bringing its loss this year to 1.7 percent. The shilling is the seventh-worst performing African currency, according to data compiled by Bloomberg. http://www.bloomberg.com/news/2014-05-19/kenyan-shilling-slumps-on-fears-attacks-may-cut-tourist-arrivals.html?cmpid=yhoo
"Tourist arrivals, a key source of hard currency, have been cut by frequent gun and grenade attacks," NIC Bank Ltd. said today in an e-mailed research note. "Britain, the U.S. and other western governments have warned holidaymakers against Kenya."
Nairobi All Share Bloomberg +10.1939% 2014 http://www.BLOOMBERG.COM/quote/NSEASI:IND
Nairobi ^NSE20 Bloomberg +0.25411% 2014 http://j.mp/ajuMHJ
Every Listed Share can be interrogated here http://www.rich.co.ke/rcdata/nsestocks.php
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N.S.E Today |
The Shilling was trading at a Fresh 2014 and in fact August 2013 Low of 87.93 last. The Currency will have to hurdle a sharp slowdown in hard currency Tourism receipts. The Nairobi All Share eased a marginal 0.07 points to close at 150.51. The Nairobi NSE20 traded 18.88 points lower to close at 4920.61 and this Index is marginally below the water mark for this year. Equity Turnover picked up speed and totalled 1.087b versus 319.303m last time. The Banking Segment stood out as resilient today and was trading broadly at session highs into the Closing Bell. There were 13 Winners and 16 losers today.
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N.S.E Equities - Agricultural |
Kakuzi retreated 6.818% to close at 123.00 and traded 5,200 shares. Kakuzi is +29.47% in 2014, however.
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N.S.E Equities - Commercial & Services |
Safaricom improved +0.38% to close at 13.05 and traded 12.051m shares worth 157.238m. Safaricom has rebounded +3.571% since 15th May and is +20.276% in 2014.
Express traded 200 shares at 5.25 +9.38% and was the biggest single winner at the Securities Exchange today. Express is +34.61% in 2014 and a part of what has been a general Trend of Small Cap outperformance in 2014.
Uchumi finally snapped a quite relentless down trade in 2014 to bounce 2.26% to close at 13.60 and traded 68,100 shares. Uchumi is egregiously oversold.
Kenya Airways eased 2.016% to close at 12.15 and traded 46,400 shares.
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N.S.E Equities - Finance & Investment |
Kenya Commercial Bank was the most actively traded share at the Exchange today and closed unchanged at 46.75 and traded 7.467m shares worth 349.439m and this ranked as a Top Ten Volume Session in 2014. KCB trades on a Trailing PE of 9.6922 and looks inexpensive having accelerated Q1 2014 PAT accelerated +33.727%. Equity Bank closed unchanged at 37.75 but turned higher during the session and was trading at 38.50 +1.99% session highs at the closing Bell. Equity Bank is +18.89% in 2014. Equity Bank traded 1.691m shares. COOP Bank closed unchanged at 22.25 but turned higher during the session and was trading at 22.75 +2.29% session highs at the Finish. COOP Bank traded 2.584m shares.
NIC Bank firmed 1.72% to close at 59.00 and was at 60.00 +3.45% at the close.
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N.S.E Equities - Industrial & Allied |
Athi River Mining ticked 1.21% lower to close at 81.50 and traded heavy Volume of 3.406m shares [0.6876% of its shares] worth 279.171m. This was the highest volume session for ARM this year. ARM accelerated FY 2013 Profit before Tax +12.00% and the share price is underpinned by a sharp expansion in cement capacity and by a material Margin expansion in H2 once the Clinker Facility comes on stream.
EABL eased 1.02% to close at 292.00 and traded 272,200 shares. EABL has rallied strongly and +11.45% over the last 4 weeks.
Unga rallied 3.636% to close at 28.50 and traded 2,100 shares. There was a 3 versus 1 Buyers versus Sellers Imbalance signalling this move is set to gain traction. Unga is +58.333% in 2014 and a part of that small cap outperformance about which I was referring to.
BAT traded 2,300 shares all at 600.00 +1.69%.
Sameer Africa followed up yesterdays 4.62% retreat with a further 6.06% drawdown today and closed at 7.75 with 20,800 shares traded.
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