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Friday 27th of March 2015
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Morning Africa |
Register and its all Free.
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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
very much looking forward to hosting @MikeMachariaSST at #Mindspeak
this Saturday @InterConNairobi |
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@MikeMachariaSST BIO Africa |
Mike - a true maverick entrepreneur - inspiration is key to success in
business. It's what drives him as an individual and as a businessman.
Mike's vision for his business is inspired by Apple's iconic 'Think
Different' advertising campaign, which announced the tech giant's
return to prominence in 1997.
The manifesto ran as follows:
"Here's to the crazy ones. The misfits. The rebels. The troublemakers.
The round pegs in the square holes. The ones who see things
differently. They're not fond of rules. And they have no respect for
the status quo. You can quote them, disagree with them, glorify or
vilify them. About the only thing you can't do is ignore them. Because
they change things. They push the human race forward. And while some
may see them as the crazy ones, we see genius. Because the people who
are crazy enough to think they can change the world, are the ones who
do."
Herein lies the DNA of what Mike calls his 'Seven Seas Family'.
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@RavS82 This phenomenal picture by Shahin Mohamed at @governorscamps Masai Mara #WhyILoveKenya @alykhansatchu @nikonnews Africa |
I was having Lunch with @ApurvaSanghi and he was telling me about
being in Meru and there was absolutely no Light leakage and I looked
at Apurva and said
''We have to go and look at the Milky Way together.''
Because it really is an indescribable thing and call me peculiar but I
find it just sensual.
I remember waking Hannah at 5 in the morning when we visited
@SerenaHotels' wonderful Lake Elmenteita property because the Milky
Way was just so close and we both sat on the verandah and just
marvelled at the Universe.
"I dream that I have found us both again,
With spring so many strangers' lives away,
And we, so free,
Out walking by the sea,
With someone else's paper words to say....
They took us at the gates of green return,
Too lost by then to stop, and ask them why-
Do children meet again?
Does any trace remain,
Along the superhighways of July?"
-- Thomas Pynchon, Gravity's Rainbow
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Germanwings Co-Pilot Sought to Destroy Plane in French Crash Law & Politics |
The co-pilot of the Germanwings flight that crashed in the French Alps
appears to have deliberately flown the aircraft into a mountain side
after locking the captain out of the cockpit, French prosecutors said.
Audio files from the last minutes in the cockpit of
Barcelona-Dusseldorf flight show the co-pilot took the aircraft into a
descent after the captain left the flight deck and was denied
re-entry, prosecutor Brice Robin said at a press conference in
Marseille. The co-pilot could be heard breathing and remained
otherwise silent right until the plane slammed into a mountain slope
at full speed, he said.
The findings point to a deliberate destruction of the Airbus A320
single-aisle aircraft that killed 150 people rather than a technical
fault, in what is the worst aviation accident yet for Deutsche
Lufthansa AG and its Germanwings low-cost unit. The co-pilot was named
by Robin as Andreas Lubitz, a 28 year-old German citizen, and
Lufthansa said he had been deemed in tests completely fit to fly.
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Sell EUR/USD, target 1.04 - BNPP World Currencies |
We believe the liquidation of USD positions so far has largely been
confined to shorter-term market participants and momentum traders.
Longer-term oriented macro accounts are unlikely to have capitulated
on their high conviction bullish USD views."
"Our positioning indicators suggest EURUSD positioning has not become
stretched, and presumably positions have been reduced even further in
this latest push higher."
"Moreover, we believe eurozone investors are likely to remain reliable
sellers of the EUR, as low nominal rates at home and rising inflation
expectations force a shift in asset allocation into foreign assets."
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Crude Oil 5 day Chart INO 50.49 [touched levels above 52.50] Commodities |
Oil jumped around 5 percent on Thursday, the biggest daily gain in a
month, as air strikes in Yemen by Saudi Arabia and its Gulf Arab
allies sparked fears that escalation of the Middle East battle could
disrupt world crude supplies.
The rally had been driven by worries over the possible impact on the
Bab el-Mandeb strait, the closure of which could affect 3.8 million
barrels a day of crude and product flows.
Yemen is a small producer, with an output of around 145,000 barrels
per day in 2014.
"Now the market is questioning how sustainable the (impact of the)
geopolitical event is on oil prices," said Jonathan Barratt, chief
investment officer at Sydney's Ayers Alliance
Emerging Markets
Frontier Markets
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In Africa, image is everything as presidents splurge millions on Western PR specialists Africa |
A ROW over a law banning homosexuality in Uganda has been reignited
after it emerged that the government paid a US public relations firm
to offset negative publicity, a report said Monday, highlighting
African governments' love affair with Western image doctors.
Uganda's Observer newspaper said the government had spent 614 million
shillings ($206,000, 174,000 euros) "to prop up Uganda's image" after
it was "tarnished by the Anti-Homosexuality Act".
In 2012 the country's president Uhuru Kenyatta hired British PR firm
BTP Advisers to promote his election campaign, which came at at time
when he was facing crimes against humanity charges at the
International Criminal Court.
In media interviews the firm said it was providing "strategic advice
on the election campaign and providing international media relations
support since there's an enormous amount of international interest in
this election."
The hiring of the firm was seen as ironical as the Kenyatta campaign
had cast "Western imperialists" as interfering in the country's
internal affairs.
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Africa's soldiers of fortune join fight against Boko Haram William Wallis in Lagos and Katrina Manson in Nairobi Africa |
A cast resembling the South African guns for hire who inspired the
Hollywood thriller Blood Diamond is starring in Nigeria's offensive
against Boko Haram terrorists, according to fellow military
contractors and former colleagues.
Roughly 300 ageing, former South African Defence Force soldiers, many
of them from the disbanded mercenary outfit, Executive Outcomes, have
been supporting an attempt by Nigerian government forces to reclaim
territory captured by the terrorist group, ahead of Saturday's
presidential elections, according to the same sources.
The recent battlefield successes have provided a boost to President
Goodluck Jonathan in the closely fought poll contest with former
military ruler Muhammadu Buhari. But they have also prompted questions
as to why his government has taken so many years to equip the military
and initiate the campaign.
He adds that the involvement of the mercenaries "in a supportive role"
has helped boost morale within the Nigerian army, which had been
pilloried at home for ceding a swath of the remote northeast and
failing to protect civilians, but is now back on the offensive.
In recent weeks Nigeria, alongside allied forces from neighbouring
Chad, Niger and Cameroon, claims to have recaptured all but three of
20 local government areas held by Boko Haram at the start of the year.
"It is the same group of people who fought in Sierra Leone, in
Angola," says the contractor familiar with the mercenaries assisting
the Nigerian army; he puts their ages at between 50 and 65.
"They aren't as fast as they used to be but they are well trained and
efficient in handling weapons. If you have that knowledge you don't
lose it."
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The dollar account has now been depleted to its lowest point since 2006, hitting $29.9 billion after the latest withdrawal this week. Africa |
@SarahJReports Life after Boko Haram
pic.twitter.com/SoeCaRbvUB
Ghana Stock Exchange Composite Index Bloomberg -2.36% 2015
http://www.bloomberg.com/quote/GGSECI:IND
Zimbabwe domestic borrowing up 52 pct to $544 mln y/y in Jan
http://af.reuters.com/article/investingNews/idAFKBN0MM0XO20150326
The central bank said the government had racked up the debt largely
through issuing Treasury bills to raise money to plug the tax revenue
shortfall and settle domestic loans.
More than 80 percent of Zimbabwe's total revenue is used to pay
government workers, leaving little money to build infrastructure such
as roads, hospitals and schools.
Burundi ruling party officials ask president @BdiPresidence to
drop third term quest
http://af.reuters.com/article/topNews/idAFKBN0MM1HL20150326
Dozens of senior officials in Burundi's ruling party have urged
President Pierre Nkurunziza to abandon a quest for a third term this
June to avoid renewed violence in the landlocked central African
nation.
Some 79 members of the CNDD-FDD Party wrote to Nkurunziza on Monday, a
spokesman for the group said on Thursday, joining a rising chorus of
critics saying he cannot run again under the terms of a 2000 deal to
end years of fighting between Hutu and Tutsi ethnic groups.
The party responded by sacking 10 initial signatories, including
Nkurunziza's spokesman, the party's spokesman, three members of
parliament and a provincial governor, newly-appointed CNDD-FDD
spokesman Gelase Ndabirabe said.
"The issue about a third term for the current president continues to
raise tension and divide the Burundian people," Festus Ntanyungu, a
lawmaker who spoke on behalf of 79 senior officials of Hutu CNDD-FDD,
told Reuters.
"For the sake of peace and to avoid violence, we asked ... Nkurunziza
to drop any attempt for another third term."
Tanzanian President Jakaya Kikwete said last week on a visit to
Burundi that violating the legal limit on the president's term would
spark violence that would be hard to stop.
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President @UKenyatta orders officials to step aside Kenyan Economy |
President Kenyatta Thursday announced a corruption purge that could
see 175 public officials, including Cabinet secretaries, governors and
senators, step aside to pave the way for investigations.
"The time has come to send a strong signal to the country that my
administration will accept nothing less than the highest standard of
integrity from those that hold high office," he said.
The report contains a "catalogue of allegations of high-level
corruption touching on all arms and levels of government", he said.
Conclusions
If there is Follow-Through then this might mark an inflexion Point.
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Andrew Mellon summed up liquidationism as so: Kenyan Economy |
The government must keep its hands off and let the slump liquidate
itself. Liquidate labor, liquidate stocks, liquidate the farmes,
liquidate real estate. When the people get an inflation brainstorm,
the only way to get it out of their blood is to let it collapse. A
panic is not altogether a bad thing. It will purge the rottenness out
of the system. High costs of living and high living will come down.
People will work harder, live a more moral life. Values will be
adjusted, and enterprising people will pick up the wrecks from less
competent people.
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A senior officer with Kenya's counter-terrorism police unit was shot dead by gunmen on Thursday Mombasa Kenyan Economy |
On Thursday morning, local residents said they feared a major police
operation over the killing.
"There will be no peace today because we know police will be carrying
out a big search for the criminals involved," said Hamadi Issa, a
curio seller in Old Town, near the scene of the murder. "Almost all
young men in this area have disappeared. They know there will be
trouble today because of this murder."
Conclusions
Mombasa which of course is my Home Town was always a Place you could
wonder anywhere and anytime freely. This is not the case anymore.
The Swahili Coast is a Potential TinderBox from Lamu through Zanzibar
and all points in between 28 Aug 12 ·
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.@NSEKenya reports FY PBT 2014 +67% 2014 Earnings here Kenyan Economy |
Par Value:
Closing Price: 19.55
Total Shares Issued: 194625000.00
Market Capitalization: 3,804,918,750
EPS: 2.13
PE: 9.178
Full Year Earnings through 31st December 2014 versus through 31st Dec 2013
Full Year Operating Income 641.736m versus 488.766m
Full Year Other Income 140.651m versus 112.527m
Full Year Total Income 821.901m versus 622.713m +32%
Full Year Profit before Taxation 441.811m versus 379.496m +67%
Full Year Profit After Tax 320.041m versus 262.419m
Full Year EPS 2.13 versus 2.04
Full Year Dividend 38cents a share
Company Commentary
Total income +32% ''was driven majorly by the 39% increase in equity
turnover from 311b in 2013 to 431b in 2014''
Secondary trading activity in the Fixed Income Market rose by 11% from
914b to to 1012b
Investor interest in Kenya and the broader East African Region remains strong.
The Exchange is on course to launch the derivatives market. Initial
products all be single stock and index futures before offering
currency-based contracts
We expect further listings on the GEMS and new listings of REITS
Conclusions
Good Results. Single digit PE Lots of innovation BUY
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