home | rich profile | rich freebies | rich tools | rich data | online shop | my account | register |
  rich wrap-ups | **richLIVE** | richPodcasts | richRadio | richTV  | richInterviews  | richCNBC  | 
Satchu's Rich Wrap-Up
Thursday 09th of April 2015

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 on the Front Page of the site

Macro Thoughts

read more

@alykhansatchu 26s26 seconds ago Dubai, United Arab Emirates Every Hotel I have visited in Dubai has more than 90% Occupancy.

Early in his travels Babur, referencing a king from the Shahnama,
carves on a rock: "Like us many have spoken over this spring, but they
were gone in the twinkling of an eye./ We conquered the world with
bravery and might, but we did not take it with us to the grave."

read more

Alexis Tsipras @tsipras_eu #Greece is a sovereign state w/right to pursue nuanced foreign policy in line w/geopolitical role as European Mediterranean & Balkan country
Law & Politics


I do not imagine Angela [Merkel] will be very happy with Alexis.

Rather than Greeks bearing Gifts......its Vladimir bearing gifts.

read more

Hunting Humans by Remote Control
Law & Politics

Drones seemed to come out of nowhere, sexy as the latest iPhones and
armed to kill. They were all-seeing eyes in the sky ("a constant
stare," as drone promoters liked to say) and surgically precise in
their ability to deliver death to evildoers. Above all, without pilots
in their cockpits, they were, in terms of the human price of war (at
least when it came to the lives that mattered to us), cost free. They
transformed battle into a video-game experience, leaving the
"warriors" - from pilots to generals - staring at screens. What could
possibly go wrong?

For the first time in history, a state has claimed the right to wage
war across a mobile battlefield that potentially spans the globe. A
Theory of the Drone Hardcover Grégoire Chamayou


Remote-control flying weapons, he argues, take us well beyond even
George W. Bush's justification for the war on terror.

It is possible, according to many sources, to become invisible, but
you must be patient, methodical, and willing to eat almost anything


These questions are not so much answered as provoked by "Invisible:
The Dangerous Allure of the Unseen" (Chicago), by the British science
writer Philip Ball. A former editor of Nature and the author of
nineteen previous books (he should write about that superpower), Ball
leads us on a very fun, largely chronological journey through
invisibility, beginning with myth and early magicians, ending with
quantum physics, and stopping along the way at Newton, Leibniz,
microscopy, photography, spiritualism, B movies, and science fiction.
He is lucid and interesting on every topic he touches, from the ghost
in "Hamlet" to those unseen extra dimensions posited by string theory.
But he is more a tour guide than a theorist, and he never entirely
succeeds at pulling the category together, or illuminating our own
ambivalent relationship to the prospect of becoming invisible.

read more

Currency Markets at a Glance WSJ
World Currencies

Euro 1.0777  euro slipped and now more than 2 percent lower from this
week's peak of $1.1036 set on Monday.
Dollar Index 98.12 dollar index .DXY to a one-week high of 98.197,
further away from Monday's trough of 96.329. It last stood at 98.063.
Japan Yen 120.25
Swiss Franc 0.9680
Pound 1.4872
Aussie 0.7690
India Rupee 62.245
South Korea Won 1093.73
Brazil Real 3.0498
Egypt Pound 7.6325
South Africa Rand 11.8287

read more

Dollar Index 3 Month Chart INO 98.12
World Currencies

"Several participants judged that the economic data and outlook were
likely to warrant beginning normalization at the June meeting,"
according to minutes of the March 17-18 Federal Open Market Committee
session released Wednesday in Washington.

read more

Samsung Sees Record Sales From Galaxy S6 as Shortages Expected @rngeru @samsungmobileke
International Trade

Samsung Electronics Co. expects the Galaxy S6 smartphones that debut
Friday to set a sales record for the company's high-end devices as it
tries to win back customers flocking to Apple Inc.'s iPhones.

Demand for the Galaxy S6 Edge, which features a screen that stretches
down both sides, will probably exceed supply, Co-Chief Executive
Officer Shin Jong Kyun told reporters in Seoul today. The other S6
model has a traditional flat display.

Optimism about the new smartphones has fueled a rally in Samsung
shares as investors count on new designs and the use of the company's
own processor and modem chips to win customers and bolster profit
margins from components. The new phones will be released in 20
countries Friday, including the U.S., U.K. and Germany, with China
sales starting April 17.

"Considering the response from the market, consumer and carriers, we
expect the S6 will see record sales," said Lee Sang-Chul, executive
vice president and head of mobile sales.

read more

Royal Dutch Shell (RDSa.L) agreed to buy smaller rival BG Group (BG.L) for 47 billion pounds ($70.2 billion) in the first major energy industry merger in more than a decade

The third-biggest oil and gas deal ever by enterprise value will bring
Shell assets in Brazil, East Africa, Australia, Kazakhstan and Egypt,
including some of the world's most ambitious liquefied natural gas
(LNG) projects.

Shell is already the world's leading LNG company and it would get BG's
capacity in LNG logistics -- complex infrastructure that includes
terminals, pipelines, specialized tankers, rigs, super coolers,
regasification facilities and storage points.

"We are seeing a gasification of energy demand. Shell clearly
recognize this," said Richard Gorry, director at JBC Energy Asia.
"That said, Shell is still taking a big gamble because if the price of
oil and gas doesn't go back up (in the next 24 months), I would
imagine this might put them in a difficult position in terms of cash

read more

Oil edges back from 6 percent fall, but outlook weak Reuters

Oil prices rose more than a percent on Thursday, clawing back a part
of the 6 percent slump in the previous session that was triggered by a
shock jump in U.S. crude inventories and record Saudi output, although
analysts said sentiment remained bearish.

A 10.95 million-barrel surge in U.S. crude stockpiles to 482.4 million
last week, the biggest gain in 14 years, and Saudi oil production of
10.3 million barrels a day in March had battered crude futures on

"Total U.S. crude stocks continued to fly far above 5-year highs,
setting new records every week," Societe Generale analysts said in a

 Cushing, the delivery point for West Texas Intermediate contracts, is
now filled to 85 percent of its total working capacity of 70.1 million
barrels, the bank said.

Brent crude LCOc1 was up 62 cents at $56.17 a barrel by 10.36 p.m.
EDT, while U.S. crude CLc1 rose 64 cents to $51.06 a barrel. Both
benchmarks dropped around $3.50 on Wednesday.

Oil prices recovered slightly on Thursday in an extension of the
recent high market volatility that has seen frequent price reversals
as speculators bet on when ballooning supply in the U.S. will start to

Close-to-close price volatility for Brent prices is at levels last
seen during the height of the global financial crisis of 2008/2009,
Reuters data shows.

Emerging Markets

Frontier Markets

read more

Zimbabwean president, Robert Mugabe, center, arrives in Pretoria, South Africa Tuesday, April 7, 2015 for a state visit

"This is a bilateral visit," said Minister of International Relations
and Cooperation Maite Nkoana-Mashabane. "The focus is largely on
consolidation of our bilateral ties."

read more

The Nigerian Stock Exchange All Share Index rallied high for a ninth day to extend its longest streak of gains since December 2012.

The West African nation's $500 million of Eurobonds due July 2023
advanced for the 11th day, pushing the yield down to the lowest since
Dec. 8, as President Goodluck Jonathan conceded defeat, reducing the
threat of post-election violence that marred previous votes.

"The political risk has certainly decreased," Thabo Ncalo, a money
manager at Stanlib Asset Management Ltd., which oversees about $45
billion and has been adding to its Nigerian holdings, said by phone
from Johannesburg. "It bodes well for investing in Nigeria. It boosts
the case for coming back into the country."

Jonathan sent his "best wishes" to Buhari after the vote, bolstering
investor confidence as the country contends with a six-year war
against the Islamist militant group Boko Haram. Buhari also faces the
task of restoring an economy that's reeling from a 50 percent drop in
the price of oil, its main export, since June.

Nigeria's all-share index jumped 8.3 percent; the most among 93 global
measures tracked by Bloomberg, to close at 34,388.46, the highest
since Dec. 31. The gauge has gained 18 percent since the start of a
nine-day rally, also the world's largest advance over the period. At
the end of February, it was the global laggard for the year.

Almost 22 shares gained for every one that fell, paring losses for
2015 to 0.8 percent. Dangote Cement Plc, Lafarge Africa Plc, UAC of
Nigeria Plc, which has interests spanning food to real estate, and
Forte Oil Plc, all rose more than 10 percent on Wednesday.

Nigerian equities traded at about 9.4 times estimated 12-month
earnings, compared with a multiple of 10.1 for the MSCI Frontier
Markets Index.

"The Nigerian equity market is cheap and part of this cheapness is
because the risk premium is high," Ayodele Salami, the chief
investment officer at Duet Asset Management Ltd. in London, said by
phone on Tuesday.

A retired general who lost three previous elections, Buhari pledged on
the campaign trail to clamp down on corruption, boost average annual
growth to 10 percent and create at least 1 million jobs a year. He won
52.4 percent of votes cast in all 36 states and the Federal Capital
Territory in Africa's biggest oil producer, according to tallies by
the electoral authorities.

Yields Fall

Yields on the nation's Eurobonds declined 22 basis points to 5.98
percent. Rates on the notes on Tuesday dropped below those of Kenya's
$2 billion of debt securities due June 2014 for the first time since
Dec. 11, according to Bloomberg indexes. Nigerian dollar debt returned
3.3 percent in March, the most in Africa, the data shows.

"The opportunity for positive change with genuinely new leadership is
enormous," Samuel Vecht, who oversees $2.7 billion across five
emerging- and frontier-market funds, said in e-mailed comments from
London. "Within Nigeria we think the banking sector has tremendous
long-term potential and trades at inexpensive relative and absolute

With oil providing two-thirds of government revenue and 90 percent of
foreign income, the commodity's decline threatens the economy, with
the International Monetary Fund forecasting growth will slow to 4.8
percent this year, about half the average of the past 15 years.

'Buhari Bounce'

The drop in crude has weighed on the currency, which has lost 18
percent over the past six months. The naira strengthened 0.4 percent
to 198.50 per dollar, its first advance in three days. Gains in the
currency and trading volumes on Wednesday cannot be ascribed as a
"Buhari bounce" as liquidity in the market increased following regular
dollar sales by oil companies, Dapo Olagunju, group treasurer at
Lagos-based Access Bank Plc, said by phone.

Buhari's victory may lead militia in the oil-rich Niger Delta states
to take up arms, a threat they issued before Jonathan lost, Philipp
Chladek, an analyst for Bloomberg Intelligence, said. About 80 percent
of Nigeria's oil production originates from the Niger Delta, he said.

"There are potential risks of some resurgence in militant activity in
the region, which could significantly affect production from onshore
fields," Dolapo Oni, head Ecobank Transnational Inc.'s energy research
unit in Lagos, said in an e-mailed response to questions. "This is
especially important for indigenous companies in this region, as it
could affect their operations and have a negative affect on local
banks that have funded them."

read more

"Basically, we are witnessing the birth of a Kenyan Boko Haram," FT
Kenyan Economy

There is a clear strategy by Shabaab to first of all weaken the grip
of the central Kenyan authorities on the whole of North Eastern
[province], and to alienate ethnic Somalis from the rest of Kenyans."

read more

Hoteliers from Kenya's Indian Ocean coast region and sprawling game park reserves said tourists have started cancelling trips to the east African nation
Kenyan Economy

Hoteliers from Kenya's Indian Ocean coast region and sprawling game
park reserves said tourists have started cancelling trips to the east
African nation after Islamist gunmen last week killed 148 people at a
university campus.

The timing of the Garissa attack was also embarrassing for Kenyatta,
who a day earlier had berated Britain and Australia for issuing travel
warnings for Kenya due to security threats.

"The travel advisories we have been complaining about and saying they
are unnecessary, are being justified by these consistent attacks. What
other language can we use now to convince tourists? We are  not giving
up, but there is little hope either," said Hersi.

read more

Kenya Shilling versus The Dollar Live ForexPros 92.653
Kenyan Economy

Nairobi All Share Bloomberg +4.856% 2015


170.80 -0.35 -0.20%

Nairobi ^NSE20 Bloomberg +0.5868% 2015


5,142.35 -37.41 -0.72%

read more

Total Kenya reports FY 2014 Earnings here
Kenyan Economy

Par Value:                  5/-
Closing Price:           25.00
Total Shares Issued:          175028706.00
Market Capitalization:        4,375,717,650
EPS:             2.26
PE:                 11.06

Leading multinational energy company.

Full Year Earnings through December 2014 versus through December 2013

FY Total Assets 32.541800b versus 39.984165b
FY Inventories 11.159064b versus 14.953214b
FY Gross Sales 170.725560b versus 154.626092b
FY Net Sales 155.101692b versus 141.718042b
FY Cost of Sales [148.351545b] versus [135.371011b]
FY Gross Profit 6.750147b versus 6.347031b
FY Operating Expenses [4.548854b] versus [4.323842b]
FY Finance Costs [272.336m] versus [278.695m]
FY Net Foreign Exchange Loss [149.186m] versus [123.751m]
Full Year Profit before Tax 2.276005b versus 2.084517b
Full Year Profit After Tax 1.424088b versus 1.312277b
Full Year EPS 2.26 versus 2.08
Final Dividend 70cents a share


Stepped into the breach as KenolKobil cut volumes.

read more

Liberty Holdings reports FY PAT 2014 +3.894% Earnings here
Kenyan Economy

Par Value:
Closing Price:           25.00
Total Shares Issued:          535707499.00
Market Capitalization:        13,392,687,475
EPS:             2.14
PE:              11.6822

Full Year Earnings through 31st December 2014 versus 31st December 2013

FY Gross Earned premium Revenue 8.036914b versus 7.397982b +8.6%
FY Net Insurance Premium Revenue 4.692485b versus 4.067128b
FY Total Income 8.302552b versus 7.378610b
FY Net Insurance benefits and Claims [3.456461b] versus [3.076841b] +12.3%
FY Total Expenses and commissions [3.509440b] versus [2.995520b]
FY Profit before Tax 1.346569b versus 1.298862b
Full Year Profit after Tax 1.148985b versus 1.105920b +3.894%
Full Year EPS 2.14 versus 2.15
Final Dividend 50cents a share

Company Commentary

Investment Income +12.9%
Total Asset base +6.00%


Seriously solid and well managed.
No surprises type Operation.

read more

Limuru Tea reports FY PBT 2014 -95% Earnings here
Kenyan Economy

Par Value:                  20/-
Closing Price:           1124.00
Total Shares Issued:          1200000.00
Market Capitalization:        1,348,800,000
EPS:            -0.28

FY Earnings through 31st December 2014 versus 31st December 2013

FY Turnover 92.250m versus 104.192m -11.00%
Full Year Profit before Tax 2.078m versus 41.556m -95%
Full Year Profit after Tax [331,000] versus 28.513m
Full Year Earnings Per Share [0.28] versus 23.8
Full Year Dividend 1 shilling versus 7.5 shillings

Company Commentary

The Company produced 3,403,760 Kgs of green Leaf manufactured into
770,058 Kgs of Black Tea
+14% increase in green leaf Volume
Total Revenues decreased by 11% attributed to a 16% drop in average
prices in 2014
180 shillings per Kg versus 215 in 2013
Cost of Sales +10%


Limuru Tea is more of a Real Estate Play than a Tea Estate in fact

read more

by Aly Khan Satchu (www.rich.co.ke)
Login / Register

Forgot your password? Register Now
April 2015

In order to post a comment we require you to be logged in after registering with us and create an online profile.