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
http://www.rich.co.ke

Therefore, my second trade of the year is to buy put options on 10-
year bonds because this is going to pop, and when it pops, the
wizardry won’t work anymore, and at that moment there is going to be
one heck of a move.

Mirrors on the ceiling,
The pink champagne on ice
And she said “We are all just prisoners here, of our own device” Last
thing I remember, I was
Running for the door
I had to find the passage back
To the place I was before
“Relax,” said the night man,
“We are programmed to receive.
You can check-out any time you like,
But you can never leave! “

What is clear is that we are at the fag-end of this party.

Home Thoughts

The rains have come and with it a chilly breeze [if you leave your
window open at night like I am wont to do until Nishet says ''What
about Bats?''] My Neighbour used to sleep on his verandah at night.
And its been so wonderful and silvery at night of late - The Super
Moon refers. I was marvelling a couple of nights ago at how far I
could see. Then I recalled this from Karen Blixen.

I have a feeling that wherever I may be in the future, I will be
wondering whether there is rain at Ngong. Letter to her mother (26
February 1919)

There is something about safari life that makes you forget all your
sorrows and feel as if you had drunk half a bottle of champagne —
bubbling over with heartfelt gratitude for being alive.

The early morning Air of the African highlands is of such a tangible
coldness and freshness that time after time the same fancy there comes
back to you: you are not on Earth but in dark deep waters, going ahead
along the bottom of the Sea. It is not even certain that you are
moving at all: the flows of chilliness against your Face may be the
deep-sea currents, and your car, like some sluggish electric Fish, may
be sitting steadily upon the bottom of the Sea, staring in front of
her with the glaring Eyes of her Lamps, and letting the submarine life
pass by here. The Stars are so large because they are not real stars
but reflections, shimmering upon the surface of the Water. Alongside
your path on the sea-bottom, live things, darker than their
surroundings, keep on appearing, jumping up and sweeping into the long
grass, as crabs and beach-fleas will make their way into the sand. The
Lights get clearer, and, about sunrise, the sea-bottom lifts itself
towards the surface, a new created Island. Whirls of smells drift
quickly past you, fresh rank smells of the olive-bushes, the brine
scent of burnt grass, a sudden quelling smell of decay.

“People who dream when they sleep at night know of a special kind of
happiness which the world of the day holds not, a placid ecstasy, and
ease of heart, that are like honey on the tongue. They also know that
the real glory of dreams lies in their atmosphere of unlimited
freedom. It is not the freedom of the dictator, who enforces his own
will on the world, but the freedom of the artist, who has no will, who
is free of will. The pleasure of the true dreamer does not lie in the
substance of the dream, but in this: that there things happen without
any interference from his side, and altogether outside his control.
Great landscapes create themselves, long splendid views, rich and
delicate colours, roads, houses, which he has never seen or heard
of...”
― Karen Blixen, Out of Africa

I was browsing through American writer Paul Theroux’s The Last Train
to Zona Verde, subtitled Overland from Cape Town to Angola, and came
across some lyrical and affectionate writing about “a subgroup of
!Kung people who called themselves Ju/’hoansi — a clucking,
hard-to-pronounce name meaning ‘Real People’ or ‘Harmless People’. …I
was ducking among thornbushes with slender, goldenskinned people who
were the earth’s oldest folk, boasting a traceable lineage to the dark
backward and abysm of time in the Upper Pleistocene, thirty-five
thousand years or so ago, the proven ancestors of us all, the true
aristocrats of the planet.”

Theroux continues: “The young woman in front of me dropped to her
knees in the sand-...and began digging...Within a minute she extracted
a finger-shaped tuber...Smiling, she offered the first bite to me...I
passed it back and it was shared equally, a nibble each, nine bites.
In the forests, deserts and hillsides across the world, foraging
people like the Ju/’hoansi are scrupulous about sharing food; it is
this sharing in their communal life that binds them together.”

The theory that human beings originated in Africa is widely held. The
reasons given by various scientists is that “known fossils of Homo
Sapiens are Africans”. “A variety of different DNA studies on modern
humans all suggest a recent common ancestry from a small gene pool.
Most of these point to Africa as the origin of this population,”
writes Theroux. However, Christopher Singer, one of the world’s
foremost paleoanthropologists modifies these theories. “I think,” he
says, “the idea that modern humans originated in Africa is basically
sound, but I don’t think it was that simple either within or outside
Africa.” Other scientists suggest humans did not originate in one
region but in several.

Conclusions

#Iraq An Iraqi Special Forces 2nd division fighting vehicle is
seen moving in the Samah neighbourhood of #Mosul #AFP Photo by
@odd_andersen
https://twitter.com/AFPphoto/status/799201755112144896

"Truth and love will overcome lies and hatred." - Václav Havel
(today is the anniversary of the #VelvetRevolution in 1989) Andrew
Stroehlein
https://twitter.com/astroehlein/status/799195042011181058

He also pointed out to the report by Toyota that was issued based on a
request by Syria and Russia who provided the company with thousands of
photos of the cars supplied to ISIS in Syria and Iraq, and the report
showed that Toyota sold 60,000 4WD cars to Saudi Arabia, Qatar,
Emirates, and Jordan, and these cars ended up in the possession of
ISIS.

And this is another important point, traditional media has lost its
position of control. It’s been upended by the internet which allowed
insurgent politics to broadcast over the top.

President-elect Trump who deployed linguistic warfare with devastating
effect. The names he gave his opponents — Crooked Hillary, Lyin’ Ted,
Little Marco, ‘Low-energy’ Jeb — were devastating.

From an economic and trade perspective, I expect Trump to be much more
aggressive with China. I think the QE [Quantitative Easing] consensus
is now a busted Flush. Remember a vast swathe of the pro-Brexit and
pro-Trump camps were the older white folks who have seen their savings
evaporate in the world of negative interest rates. This is the point.
They want a return on their savings and Theresa May and Trump get
that. The bond markets get it as well.

I like the tax cutting agenda. My theory remains (and interestingly
was validated a few years ago in Russia) that when you reduce taxes to
a level that folks feel is just and equitable, The tax take surges
because its just more convenient to pay it. The infrastructure spend
is long overdue. Higher interest rates are going to propel a big
Dollar rally from here on in and its only just getting going. Emerging
markets currencies which took a big tumble last week are set to
crater, I am afraid.

Let me leave with you a Transcript from the Sidney Lumet movie Network (1976)

''You think you merely stopped a business deal. That is not the case.
The Arabs have taken billions of dollars out of this country, and now
they must put it back! It is ebb and flow, tide and gravity. It is
ecological balance'' Sidney Lumet Network 1976.

“Now, their ouster won’t bring sweetness and light to the region,
that’s for sure, but it will eliminate the principal threat.”

Euro 1.0601
Dollar Index 101.17
Japan Yen 110.66
Swiss Franc 1.0081
Pound 1.2391
Aussie 0.7389
India Rupee 68.095
South Korea Won 1180.85
Brazil Real 3.4341
Egypt Pound 16.0265
South Africa Rand 14.4646

The images – which show the tribe members inside a circular communal
structure, known as a maloca – were taken in the Yanomami Reserve near
the border with Venezuela, and are the clearest yet of the apparently
healthy, growing community of Moxihatetema, who had not been seen for
more than a year.

The tribe – one of three Yanomami groups in the area that are
monitored remotely after shunning approaches from outsiders – were a
source of concern after they went missing at a time of increasing
invasions by garimpeiros, or illegal miners.

Amazon tribe massacre alleged in Venezuela

TM: There has been a lot of debate whether or not bond notes are in
fact a currency. As an expert, what is your take on this?

SH: They are another currency but very low quality. They are
definitely currency; anything you can use to purchase something with
is a currency. Now, there are all kinds of restrictions on bond notes.
For example, you can’t purchase imports, which makes it a poor quality
currency. It’s unlike a dollar which you can use to buy anything in
the world. You can go to Johannesburg and pay for a taxi with a dollar
and the driver will accept but that won’t happen with bond notes.

You know they are inferior from day one because government is in a way
arguably offering a subsidy for people to take the bond notes which
means the bond notes are trading at a discount to the US dollar even
before they start circulating.

TM: What is the best way to manage liquidity and cash crises for a
multi-currency economy that is largely dollarised, given the demand
for the US dollar?

SH: The liquidity crisis has been created by the government and the
bond notes. When they started talking about the bond notes, it created
a run on the banks because everyone wanted dollars because they were
afraid they were not going to be able to get dollars.

The government created the liquidity crisis, the liquidity crisis is
completely a function of government. The government is incompetent and
has no one to run this aspect of banking. By even talking about the
bond notes, the government created a bank run.

First of all, government should have never talked about the bond notes
and, secondly, they should never issue the bond notes.

When (President Robert) Mugabe signed the papers for the bond notes he
signed his death warrant, this might be the end.

“The Edge...There is no honest way to explain it because the only
people who really know where it is are the ones who have gone over''

Democratic Republic of Congo President Joseph Kabila nominated an
opposition politician as the copper-producing nation’s next prime
minister, part of an accord to form an interim government that will
run the country until elections in 2018.

Samy Badibanga’s appointment was announced in a presidential decree
read 17 Nov. on state television. It follows the resignation of Prime
Minister Matata Ponyo Mapon on Nov. 14 as part an October political
agreement that allows Kabila to remain in power until delayed
elections are held.

Congo’s largest opposition platform, the Rassemblement, has boycotted
the agreement, saying Kabila must step down when his second term ends
on Dec. 19 as required by the constitution. The group called for
protests on Nov. 19 and described Badibanga’s appointment as a
“non-event.”

Kabila “is playing with the Congo,” opposition leader Martin Fayulu
said by phone from the capital, Kinshasa. Badibanga “does not have the
experience and I don’t see how he can drive a government during this
period of crisis.” Badibanga didn’t answer two phone calls and a text
message seeking comment on his appointment.

“By appointing Badibanga, Kabila proves that he is not really
interested in elections,” Berwouts said in an e-mailed response to
questions. “He only wants to avoid further sanctions and decrease the
potential for street violence on Dec. 19.”

Dollar versus Rand 6 Month Chart INO 14.4646
http://quotes.ino.com/charting/index.html?s=FOREX_USDZAR&v=d6&t=c&a=50&w=1

The sand is still hot under our feet. The oil thieves must have run
the illegal oil refinery, which is hidden from the sea by thickets of
mangrove, until just a short while ago.

“Destroy everything, boys,” the commander of the Nigeria Security and
Civil Defence Corps unit, Helen Amakiri, orders.

The job of the stocky, crew-cut woman is to combat oil theft,
estimated to cost Nigeria a tenth of its annual oil production. It’s a
rate of loss that has dethroned Nigeria as Africa’s largest oil
producer.

A paramilitary NSCDC trooper, wearing a balaclava and flip-flops,
obeys Amakiri by firing his automatic weapon into the rusty oil
containers at close range, setting them on fire.

The flames stink sweetly of diesel. It’s pouring with rain as we surge
away in speedboats, the rising column of black smoke smudging the sky.

For an hour we shoot through the creeks at high speed without seeing
one mangrove shrub that hasn’t had its roots coloured black by oil
pollution up to the level of high tide.

In the last five years, Nigeria has earned something like $1.5
trillion from oil. Nobody knows for sure, because the accounting is so
opaque. What is also unclear is how much has been ripped off by the
foreign oil companies, or a corrupt local elite.

Ghana Stock Exchange Composite Index Bloomberg -16.42% 2016
http://www.bloomberg.com/quote/GGSECI:IND

The small African country of Senegal is making waves by announcing
that it plans to issue a national digital currency utilizing
blockchain technology, the same technology that powers Bitcoin. The
new digital money, called eCFA will have legal tender status alongside
the traditional CFA Franc paper notes and coins. This would make
Senegal just the second country to formally adopt such a country-wide
system, following Tunisia, also located on the African continent.

Dozens of charred bodies were scattered around the blast site in the
town of Caphiridzange in Tete province, and government officials
believed more bodies might be in surrounding woods, Radio Mozambique
reported. Some badly burned people had tried to run into a nearby
river, the radio said.

Par Value:                  1/-
Closing Price:           13.85
Total Shares Issued:          4889316295.00
Market Capitalization:        67,717,030,686
EPS:             2.31
PE:                 5.996

Par Value:                  4/-
Closing Price:           133.00
Total Shares Issued:          242110105.00
Market Capitalization:        32,200,643,965
EPS:             24.42
PE:                 5.446

Par Value:                  5/-
Closing Price:           6.80
Total Shares Issued:          1496469035.00
Market Capitalization:        10,175,989,438

Cement manufacturer East African Portland Cement (EAPCC) is set to
retrench more than two thirds of its staff in a restructuring plan
which will cost the State-owned company about Sh2 billion.

The Nairobi Securities Exchange-listed firm, which was has been ruled
technically insolvent by the auditor general, says it will plans to
lay off over 1,000 employees, reducing its staff count to 500.

The loss-making company has offered the government 2,000 acres of its
idle land for Sh10 billion to be used to turnaround its fortunes
including paying for the voluntary retirement programme.

Par Value:                  5/-
Closing Price:           22.25
Total Shares Issued:          90000000.00
Market Capitalization:        2,002,500,000
EPS:             46.06
PE:                 0.483

Nairobi All Share Bloomberg -3.94% 2016
http://www.BLOOMBERG.COM/quote/NSEASI:IND

Nairobi ^NSE20 Bloomberg -18.73% 2016
http://j.mp/ajuMHJ

3,283.77 +11.30 +0.35%