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Thursday 28th of April 2016
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Morning Africa |
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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
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The conscious and intelligent manipulation of the organized habits and opinions of the masses is an important element in democratic society Law & Politics |
The conscious and intelligent manipulation of the organized habits and
opinions of the masses is an important element in democratic society.
Those who manipulate this unseen mechanism of society constitute an
invisible government which is the true ruling power of our country. We
are governed, our minds are molded, our tastes formed, our ideas
suggested, largely by men we have never heard of. This is a logical
result of the way in which our democratic society is organized. Vast
numbers of human beings must cooperate in this manner if they are to
live together as a smoothly functioning society.
If we understand the mechanism and motives of the group mind, it is
now possible to control and regiment the masses according to our will
without them knowing it. Edward Bernays
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The forgotten occupation @Politico Africa |
Few in the United States have ever heard of Western Sahara, the
Sahrawi people, or the 40-year conflict over this vast arid region in
North Africa. But it represents one of the longest ongoing military
occupations in the world — and the situation there may rapidly
deteriorate without decisive action by the U.N. Security Council.
The Kingdom of Morocco has occupied Western Sahara since the end of a
16-year war between the countries in 1991, under the promise that
Western Sahara could hold a vote on its independence. Twenty five
years later, that vote has still not come. Last month, Morocco
forcibly expelled dozens of U.N. staffers from the area, effectively
grinding to a halt the work of a U.N. mission established at the end
of the war.
Characterized as “the last colony of Africa,” Western Sahara was
invaded by Morocco in 1975 as Spain withdrew its colonial footprint
from the region. After Western Sahara’s 16-year war for its
independence, the U.N. brokered a cease-fire agreement between the
territory and Morocco, premised on the chance for a Western Sahara
referendum on self-determination. The U.N. established a mission
(MINURSO) to monitor the agreement and organize the referendum.
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WPP Scangroup reports FY 2015 EPS -25.33% Earnings here Kenyan Economy |
Par Value: 1/-
Closing Price: 26.50
Total Shares Issued: 378865102.00
Market Capitalization: 10,039,925,203
EPS: 1.12
PE: 23.66
The largest marketing services company in East Africa.
FY Earnings through 2015 versus through 2014
FY Billings 16.791084b vs. 16.886418b -0.565%
FY Direct costs [11.768676b] vs. [11.761256b] +0.063%
FY Revenue 5.022408b vs. 5.125162b -2.005%
FY Interest income net of interest expenses 436.098m vs. 248.253m +75.667%
FY Operating and administrative expenses [4.669817b] vs. [4.479007b] +4.260%
FY Foreign exchange gains/[losses] 47.213m vs. [1.115m]
FY Profit for the year 478.672m vs. 625.476m -23.471%
FY Exchange differences on translating foreign operations [203.368m]
vs. [43.416m] +368.417%
FY Total comprehensive income for the year 275.304m vs. 582.060m -52.702%
Basic EPS 1.12 vs. 1.50 -25. 333%
Cash, bank and deposit balances 4.161291b vs. 3.795874b +9.627%
Total equity 8.604260b vs. 8.542631b +0.721%
Cash and cash equivalents at the end of the year 4.062212b vs. 3.763115b +7.948%
Company Commentary
The Group faced tough trading environment in 2015 its largest market.
Kenya now accounts for 66% [2014 70%] of the Group's revenue.
Performance at operations outside of Kenya was strong as we continue
to develop these newer markets.
Results in Ghana, Nigeria, South Africa and Uganda were particularly pleasing
Faster growth in PR and Digital
effective tax rate increased from 31% to 45% due to deferred tax adjustments
Conclusions
Stronger momentum H2 but that is a normal skew.
9.11% of Profit for the Year was from Interest Income.
WPP ScanGroup sits in Pole Position in East Africa.
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