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Tuesday 17th of July 2018
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Morning Africa |
egister 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
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MeerKAT radio telescope images Milky Ways blazing heart @AstronomyNow Africa |
South Africa’s newly inaugurated 64-dish MeerKAT radio telescope, a
precursor to the Square Kilometre Array, has imaged the heart of the
Milky Way in unprecedented detail, revealing long, magnetised
filaments and the blazing core where a supermassive black hole lurks
unseen at optical wavelengths.
“We wanted to show the science capabilities of this new instrument,”
said Fernando Camilo, chief scientist at the South African Radio
Astronomy Observatory. “The centre of the galaxy was an obvious
target: unique, visually striking and full of unexplained phenomena,
but also notoriously hard to image using radio telescopes. Although
it’s early days with MeerKAT, and a lot remains to be optimised, we
decided to go for it – and were stunned by the results.”
Built by the SARAO and inaugurated 13 July by Deputy President David
Mabuza, MeerKAT’s 64 dishes eventually will be part of the Square
Kilometre Array, the world’s largest radio telescope with hundreds of
distributed dishes in Australia and South Africa. As it stands,
MeerKAT’s dishes provide 2,000 unique antenna pairs, “resulting in
high-fidelity images of the radio sky,” the SARAO said in a news
release.
Earth’s Sun orbits the galaxy’s core at a distance of some 25,000
light years. While intervening gas and dust shroud the hidden heart of
the galaxy where a super-massive black hole is known to reside, radio
waves pass through to provide a glimpse of its hidden features.
MeerKAT’s initial observations provide a tantalising hint of things to
come.
Of special interest are long magnetised filaments discovered in the
1980s that are seen near the central black hole and nowhere else.
Their origin is a mystery.
“The MeerKAT image has such clarity,” marvelled Farhad Yusef-Zadeh of
Northwestern University in the United States, an expert on the
filamentary structures seen near the central black hole. “The image
shows so many features never before seen, including compact sources
associated with some of the filaments, that it could provide the key
to cracking the code and solve this three-decade riddle.”
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05-DEC-2016:: "We have a deviate, Tomahawk." #HelsinkiSummit Law & Politics |
However, my starting point is the election of President Donald Trump
because hindsight will surely show that Russia ran a seriously
sophisticated programme of interference, mostly digital. Don DeLillo,
who is a prophetic 21st writer, writes as follows in one of his short
stories:
The specialist is monitoring data on his mission console when a voice
breaks in, “a voice that carried with it a strange and unspecifiable
poignancy”.
He checks in with his flight-dynamics and conceptual- paradigm
officers at Colorado Command:
“We have a deviate, Tomahawk.”
“We copy. There’s a voice.”
“We have gross oscillation here.”
“There’s some interference. I have gone redundant but I’m not sure
it’s helping.”
“We are clearing an outframe to locate source.”
“Thank you, Colorado.”
“It is probably just selective noise. You are negative red on the
step-function quad.”
“It was a voice,” I told them.
“We have just received an affirm on selective noise... We will
correct, Tomahawk. In the meantime, advise you to stay redundant.”
The voice, in contrast to Colorado’s metallic pidgin, is a melange of
repartee, laughter, and song, with a “quality of purest, sweetest
sadness”.
“Somehow we are picking up signals from radio programmes of 40, 50, 60
years ago.”
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What Everyone but @realDonaldTrump Knows: Russia Is Armed and Dangerous @dailybeast Law & Politics |
Back in the early ’50s, Winston Churchill described U.S. Secretary of
State John Foster Dulles as “a bull who carries his own china closet
with him.” NATO heads of state must be thinking the same thing about
Donald J. Trump after his recent performance at the NATO summit
meeting in Brussels. There, the American president spent more time
badgering his allies over inadequate defense spending than discussing
what must be done to check Russia’s continual political warfare
campaign against NATO, and the Western alliance generally.
Apprehensions are running high among NATO defense ministers as to what
Trump may concede to Vladimir Putin in their July 16 meeting in
Helsinki. Putin is expected to ask the Trump to withdraw the United
States from upcoming NATO exercises in Eastern Europe, and the
president hasn’t ruled out agreeing to do so. He continues to describe
Putin’s Russia as a “competitor,” not an adversary, which is bizarre,
to say the least, as the latest (December 2017) iteration of The
National Security Strategy of the United States of America, the U.S.
government’s definitive statement about threats to the nation and how
to combat them, describes Russia and China as the most serious threats
to American power, influence, and interests, surpassing global
terrorism.
After a long hiatus, the U.S. national security establishment is
placing top priority on identifying the warfighting capabilities and
intentions of both of those nation states, and reconfiguring American
military doctrine, training, and organizational structure to meet
future challenges.
Of the two rising powers, most defense experts see Russia as by far
the more menacing threat, at least in the short term, despite China’s
far greater economic resources and military spending. It isn’t hard to
see why.
Over the last decade Russia had demonstrated a marked proclivity to
use, or threaten to use, military force to achieve its foreign policy
goals, particularly when it comes to ensuring compliance among regimes
within its own sphere of influence. Vladimir Putin, in the words of
former U.S. ambassador to Moscow Michael McFaul, “has anointed himself
the leader of a renewed nationalist conservative movement fighting a
decadent West,” and is determined to re-establish his country as a
leading player in international politics. The Kremlin has invested
billions in sophisticated social media networks and information
warfare techniques, and employed them in an “active measures” campaign
to de-stabilize relations between members of the Western alliance, and
shape political developments within their societies in a manner
congenial to Russian interests.
Without question the most prominent active measures campaign to date
has been the effort to shape the U.S. presidential election of 2016,
but Western defense experts have identified a long and growing list of
other, similar efforts in Europe and the Balkans.
By intervening in the Syrian War, Russia has successfully shifted the
strategic balance in favor of the Assad regime, and there’s little
doubt that Moscow intends to remain a major player in the Middle East
for a long time to come.
In its hostility to the United States, Western Europe, and democratic
ideas and institutions, Putin’s foreign policy bears an uncanny
resemblance to that of his Soviet forebears. At the heart of Putin’s
view of world affairs is what George Kennan, the father of America’s
containment policy during the Cold War, called “Russia’s traditional
and instinctive sense of insecurity… They have always feared foreign
penetration, feared direct contact between the Western world and their
own, feared what would happen if Russians learned the truth about the
world within. And they learned to seek security only in the patient
but deadly struggle for… destruction of rival power, never in compacts
or compromises with it.”
No wonder there is so much talk about “Cold War II” in the
international affairs journals.
Under former KGB officer Putin, the Russian state had developed a
truly formidable capacity to integrate multiple instruments of hard
and soft power in pursuit of its goals, often at the expense of the
United States and NATO. “Hybrid warfare” is perhaps the best name for
the Kremlin’s current geopolitical strategy, which combines
conventional military operations and military intimidation, political
front movements, multi-media propaganda campaigns, fake news, cyber
warfare, traditional diplomacy, and economic threats. When
intervention beyond Russia’s borders is called for, Moscow likes to
employ local proxies to create a veneer of legitimacy for its actions,
as they did in the Crimea and Ukraine.
Hybrid warfare, which blurs the line between peace and war, is nothing
new. What is new, or at least unusual, is the skill and boldness with
which Moscow has implemented it. In March 2014, right after the
successful annexation of Crimea, the Russian Army provided logistical
and intelligence assets to local Russian-speaking separatists in the
Donbas region of Ukraine. Meanwhile, the Russians conducted
large-scale military exercises right on the Russian-Ukrainian border,
in addition to jamming the communications of Ukrainian Army units in
the vicinity, in order to discourage a counterattack.
It worked brilliantly. So, too, has the Russian campaign to sow
turbulence into American and European politics and society.
“Putin refrained from undertaking provocative foreign interventions
and political warfare against the West until his armed services had
been thoroughly revitalized.”
Russia’s hybrid warfare operations are now coordinated at a new
National Defense Control Center in Moscow. This headquarters houses
some fifty senior officials in the police, infrastructure, transport,
information technology, and military sectors under the stewardship of
the armed forces general staff. By all accounts the new control center
has reduced administrative infighting among the various agencies of
the Russian state, and significantly ratcheted up the speed and level
of coordination of operations.
Effective hybrid warfare operations, and Russia’s quest to regain
great power status, ultimately rest on the capabilities of its
conventional military forces. That’s why Putin refrained from
undertaking provocative foreign interventions and political warfare
against the West until his armed services had been thoroughly
revitalized in a sweeping reform and reconstruction program.
But what the Western alliance really needs badly, and soon, is nowhere
in sight: An American president fully committed to working with
European allies to develop a grand strategy for dealing with Russia’s
multi-pronged assault on Western power and interests.
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Putins Attack on the U.S. Is Our Pearl Harbor via @politico Law & Politics |
In 2016, our country was targeted by an attack that had different
operational objectives and a different overarching strategy, but its
aim was every bit as much to devastate the American homeland as Pearl
Harbor or 9/11. The destruction may not send pillars of smoke into the
sky or come with an 11-digit price tag, and there’s no body count or
casualty statistics—but the damage done has ravaged our institutions
and shaken our belief in our immovability. But two years on, we still
haven’t put any boats or men in the proverbial water. We still have
not yet acted—just today, President Donald Trump, a beneficiary of
this attack, exonerated the man who ordered it: Russian strongman
Vladimir Putin.
"Fighting hybrid attacks requires an informed, prepared, mobilized
population with the will to fight and to understand...The president of
the United States...is disarming the American public in what should be
the most important fight in our history."
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The shares plunged as much as 15 percent after Netflix added 5.2 million users in the period [BUY] International Trade |
The shares plunged as much as 15 percent after Netflix added 5.2
million users in the period, about a million fewer than it predicted.
Its outlook for the current quarter also reflected a deceleration: The
world’s largest paid online TV network expects to add 5 million
customers, a slower pace than a year earlier.
Shareholders and analysts now have the job of weighing whether the
slowdown is a blip or a longer-term problem. Netflix’s stock had more
than doubled this year, with investors betting that the company will
add tens of millions of customers around the world for years to come.
The stock fell to as low as $342 in extended trading, a decline that
erased about $25 billion in market value.
Potential new customers may have also been distracted by the World
Cup, a quadrennial soccer tournament that is among the most-watched TV
events in the world.
Investors value Netflix at a far higher level than other media
companies of similar size because of that potential for future growth.
Its market valuation surpassed that of Walt Disney Co. this year,
despite reporting less than a quarter of the revenue.
Netflix’s second-quarter revenue also came in short of projections. It
posted $3.91 billion, compared with an average estimate of $3.94
billion. But the Los Gatos, California-based company hit a milestone:
International customers accounted for a bigger piece of sales than
domestic users.
Netflix executives expressed little concern on a call with analysts
and investors, insisting their growth over the past 12 months has
still exceeded expectations. Netflix fell short of its forecasts a
couple years ago, a shortfall the company blamed at the time on the
transition to chip-based credit cards.
“We never did find an explanation to that other than lumpiness in the
business,” Chief Executive Officer Reed Hastings said.
One reason for this shortfall may be a lack of content. Netflix
released a thin slate of shows in the quarter, relative to its typical
output. It didn’t add additional seasons of its biggest hits, such as
“Stranger Things,” nor did a new show become a phenomenon. Ever since
Netflix released “House of Cards” in 2013, the company has credited
new seasons of original series with luring customers.
Netfllix did release a new season of “13 Reasons Why” and the Marvel
series “Luke Cage,” as well as a breakout standup comedy special in
Hannah Gadsby’s “Nanette.”
Profit was a bright spot in the latest quarter, but not by enough to
reassure investors. Earnings amounted to 85 cents a share, topping the
79-cent estimate of analysts.
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China overloading poor nations with debt @opicgov P/CEO Washburn @Reuters Africa |
JOHANNESBURG (Reuters) - China is saddling poor nations with
unsustainable debt through large-scale infrastructure projects that
are not economically viable, the head of the U.S. Overseas Private
Investment Corporation (OPIC) said on Monday.
The criticism of Beijing - targeted by President Donald Trump in a
trade war that has sent ripples through economies around the world -
comes as Washington seeks to ramp up development finance in the face
of China’s global ambitions.
Unveiled in 2013, President Xi Jinping’s “Belt and Road” initiative
aims to build an infrastructure network connecting China by land and
sea to Southeast Asia, Central Asia, the Middle East, Europe and
Africa.
China has pledged $126 billion for the plan, which has been praised by
its supporters as a source of vital financing for
infrastructure-starved partners in the developing world.
But in an interview with Reuters in Johannesburg, OPIC CEO Ray
Washburne warned that the Chinese strategy created a debt trap for
many poor nations.
“Just look at any project in these countries and they’re overbuilding
the size,” he said. “We try to have countries realize that they’re
indebting themselves to the Chinese.”
Washburne is not the first to warn of growing debt linked to Chinese
infrastructure projects.
International Monetary Fund Managing Director Christine Lagarde in
April cautioned China’s Belt and Road partners against considering the
financing as “a free lunch”.
Sri Lanka formally handed over commercial activities in its main
southern port in the town of Hambantota to a Chinese company in
December as part of a plan to convert $6 billion of loans that Sri
Lanka owes China into equity.
U.S. officials have warned that a strategic port in the tiny Horn of
Africa nation of Djibouti could be next, a prospect the government
there has denied.
Washburne also voiced concern over a $360 million expansion of the
airport in Zambia’s capital Lusaka currently being carried out with
financing from the Exim Bank of China.
“The local economy isn’t benefiting from that. It’s a much too large
airport. They’ll have too much debt on it. At some point, someone’s
got to pay. Pay or the Chinese take control,” he said.
Lawmakers in the United States are advancing a new law - the BUILD Act
- through Congress that Washburne says should bolster private U.S.
investment in developing nations by doubling OPIC’s access to U.S.
Treasury credit to $60 billion.
About a quarter of the active portfolio of OPIC, a government agency
that helps U.S. businesses invest in emerging markets, is currently
focused on Africa and it typically invests around $1 billion annually
on the continent.
“With the right quality projects, it could double here,” Washburne
said, adding that many investments would focus on the kinds of
infrastructure projects Chinese firms are currently dominating.
“The Chinese are in with ports and railroads and highways, things that
we need to be in as a competitor.”
OPIC this month launched an Africa-focused initiative that will
earmark more than $1 billion over the next three years for projects
supporting transportation, information and communications technology
and value chains.
“Instead of giving them a fish, we want to teach them how to fish,”
Washburne said. “They’ll have to stand on their own two feet. So we’re
not in making loans or doing projects that don’t make economic sense.”
Conclusions
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DR Congos Kabila promotes blacklisted generals in army shake-up @AFP Africa |
Amisi and Numbi — both close Kabila allies — were put on a Washington
sanctions blacklist in 2016 for actions that “undermine democratic
processes in the DRC and to repress the political rights and freedoms
of the Congolese people”.
A rebel leader during the second Congo war from 1998 to 2003, Amisi
was suspended as the head of the army in 2012 after a UN report
accused him of running a huge arms smuggling network supplying rebel
groups.
He was cleared in 2014 and became regional commander of the first
defence zone, which includes the capital Kinshasa.
Numbi, meanwhile, is said by critics to be the prime suspect in the
murder of rights activist Floribert Chebeya in 2011, who was found
dead a day after being summoned by the then police chief to his
Kinshasa headquarters.
Numbi, who has denied any involvement, was relieved of his post, but
Kabila named him as a “national hero” last year.
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Hundreds of Nigerian troops are missing after Boko Haram jihadists overran a military base in the remote northeast, security sources said Sunday Africa |
Hundreds of Nigerian troops are missing after Boko Haram jihadists
overran a military base in the remote northeast, security sources said
Sunday, in the second major assault on the armed forces in two days.
The militants invaded a base holding more than 700 soldiers in Yobe
state -- where they abducted over 100 girls from a school earlier this
year -- in an hours-long onslaught Saturday night, a military source
told AFP on condition of anonymity.
Fewer than 100 soldiers have returned following the attack, which took
place just 24 hours after Boko Haram fighters ambushed a military
convoy in neighbouring Borno state on Friday.
The two assaults have highlighted the tenuous hold Nigerian forces
have on the ravaged region despite claims by President Muhammadu
Buhari's government that the country is in a "post-conflict
stabilisation phase".
"Boko Haram terrorists attacked troops of the 81st Division Forward
Brigade at Jilli village in Geidam district. The terrorists came in
huge numbers around 7:30 pm (1830 GMT) and overran the base after a
fierce battle that lasted until 9:10 pm," said the military source.
"The base had 734 troops. Currently the commander of the base and 63
soldiers have made it to Geidam (60 kilometres away) while the
remaining 670 are being expected," he said, without elaborating on
their possible fate.
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.@abraajgroups Africa Fund Investors Are Seeking New Manager Africa |
A group of investors in Abraaj Group’s near-$1 billion sub-Saharan
Africa fund are seeking a new manager, potentially complicating a
broader sale process for the embattled firm’s asset management unit,
according to people familiar with the matter.
Investors in the $990 million Abraaj Africa Fund III want to replace
the Dubai-based company and have reached out to potential investors
including Carlyle Group LP and London-based private equity investor
Actis LLP, the people said, asking not to be identified as the matter
is private. Deliberations are at an early stage and it’s unclear
whether any of the buyout firms are interested, the people said.
Representatives for Abraaj, Carlyle and Actis declined to comment.
A move to replace Abraaj at the key emerging market fund could be a
hurdle to efforts to sell the asset management business and raise
liquidity at the firm. Abraaj filed for a court-supervised
restructuring last month after it emerged that investors had
commissioned an audit to look into alleged mismanagement of money in
its health-care fund.
The companies managing the liquidation had been weighing bids from
Cerberus Capital Management LP and Colony Capital Inc., people
familiar with the matter have said. The liquidators prefer a lower
offer from Cerberus and rival bidder Colony’s offer for the fund
management platform was turned down, people familiar with the matter
said on Sunday.
Various options are being reviewed to ensure the long-term stability
of the group and the joint provisional liquidators are committed to
ensuring that a positive outcome is reached for creditors, investors
and wider stakeholders, according to Sunday’s emailed statement from
Deloitte.
Abraaj had an “unusual” business model reliant on short-term
borrowing, and key financial statements are missing or nonexistent,
according to a report by PricewaterhouseCoopers seen by Bloomberg News
last week. The company owes lenders $1.1 billion after the delayed
sale of K-Electric in Pakistan led it to tap its health-care fund
without investor consent, according to the report.
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Energy CS @ketercharles criticizes state crackdown at @KenyaPower @StandardKenya Kenyan Economy |
The visibly angry minister used an occasion at Stima Plaza last
evening, which was to unveil new officials led by acting Chief
Executive Officer Jared Omondi Othieno, to lash out at State agencies.
CEO Keter said that although he supported the fight against
corruption, the crackdown at the power utility firm that netted 19 top
managers was in bad faith and a mockery of the rules of natural
justice.
The CS compared the operation that almost crippled Kenya Power to the
1993 fatal plane crash that killed an entire Zambian national football
team. “It is such a difficult time for me to talk when we have a team
of very competent engineers who are not with us. This is like the time
Zambia lost a whole football team. A whole senior management team gone
is like losing a whole football team," he said.
He added: “Sometimes you wish you can be that sacrificial lamb for
others to survive; especially the innocent ones. I don’t want to talk
about the merits of the case as I know the law will take its course
but at times we have to speak out for the innocent.”
The minister also used the opportunity to encourage remaining staff
not to be discouraged by the events that led to the arraigning in
court of their 19 colleagues. “Let's not shy away and let's make
decisions that are good for the country. If KP goes down, the whole
energy sector collapses. We want to encourage you to be firm and
strong. We also want to encourage shareholders and our donors that, as
Government, we will all offer support to this company to ensure
operations are normal.”
Energy PS Joseph Njoroge, who was also present, said: "In spite of the
challenges we are facing, let's not forget about the customer. Service
to the public is critical. I want to plead that despite the challenges
we are facing, let's put our best foot forward to ensure customer
satisfaction.”
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N.S.E Today |
Its all about political and Geopolitical volatility now. And that
volatility is emanating from one place which is quite extraordinary.
The IMF characterised the situation as follows ''The Global Expansion:
Still Strong but Less Even, More Fragile, Under Threat''
Russia's FM Lavrov said the #Putin-#Trump talks went "better than
super" #HelsinkiSummit
The #HelsinkiSummit Presser was mind boggling and reminded me of a
Predator Putin] who has his Prey [Putin] captured and cannot quite
believe it and has to suppress his very natural instinct to Kill his
Prey.
Mr. Putin is a GrandMaster and it all starts with recognizing him as
such ~ look at the ROI [Return on Investment - It is said Russia's
economy is the size of Italy's]
Netflix plunged 14% in after hours trading after announcing it added
5.2m users in the period and missed analysts expectations.
Investors value Netflix at a far higher level than other media
companies of similar size because of that potential for future growth.
Its market valuation surpassed that of Walt Disney Co. this year,
despite reporting less than a quarter of the revenue [Bloomberg]
But the Los Gatos, California-based company hit a milestone:
International customers accounted for a bigger piece of sales than
domestic users.
And thats the point - The new market is the international one and
Netflix is only just getting started. Buy Netflix heavily at the
current price of $349.00.
Its my 2nd recommended Trade of the Year after Twitter which i
recommended on January 2nd.
WTI Crude Oil was last at 67.26 a barrel some ways off 2018 highs around $75.00.
In an interview with Reuters in Johannesburg, OPIC CEO Ray Washburne
warned that the Chinese strategy created a debt trap for many poor
nations.
“Just look at any project in these countries and they’re overbuilding
the size,” he said. “We try to have countries realize that they’re
indebting themselves to the Chinese.”
Washburne is not the first to warn of growing debt linked to Chinese
infrastructure projects.
International Monetary Fund Managing Director Christine Lagarde in
April cautioned China’s Belt and Road partners against considering the
financing as “a free lunch”.
On 18-JUN-2018 I said ''So the first overarching Point, is that
creditors are not Santa Claus and miscues will exact a very heavy
price, Countries will be "Hambantota-ed"''
Angola braved the #Eurobond market yesterday, issuing $500m to
increase its $1.25bn deal from May.
The Kenya Shilling was last trading at 100.63 and is +2.9% YTD and the
best performing African Currency versus the Dollar in 2018, which is a
noteworthy outcome.
Sharply higher inward remittances and unexpectedly higher ''amnesty''
monies have supported.
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N.S.E Equities - Commercial & Services |
Kenya’s Safaricom is in “advanced talks” with the Ethiopian government
to introduce its popular M-Pesa mobile money service to neighbouring
Ethiopia, a market of 100 million people, two sources said on Tuesday
to Reuters. Britain’s Vodafone, Safaricom’s parent company, will
license the use of the M-Pesa trade name to an Ethiopia-based bank
while Safaricom will host the servers in Nairobi, one telecoms
industry source told Reuters. Ethiopia’s state telecommunications
monopoly, Ethio telecom, will carry the service, the source added.
Started in 2007, M-Pesa has nearly 30 million users in Kenya.
June 6th I said '' I fully expect Vodacom to work through Safaricom
PLC . This can add up to 20% to Safaricom's share price. Its a big
Deal and Ethiopia is a 100m market and ripe for the taking for M-PESA
in particular''
July 2nd I said :: I am sure our very own Safaricom must have already
presented the Prime minister [Abiy Ahmed] with a copy of the MIT
research on M-Pesa which confirmed access to mobile-money services
increased daily per capita consumption levels of two percent of Kenyan
households, lifting them out of extreme poverty.
This is a big deal. Safaricom rallied +1.77% to close at 28.75 and
traded 3.96m shares worth 113.899m. There is plenty of scope to the
Upside. Safaricom sits -12.21% below a record closing High set in
early April and that is a near term target.
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Africa |
The CS Energy said that although he supported the fight against
corruption, the crackdown at the power utility firm that netted 19 top
managers was in bad faith and a mockery of the rules of natural
justice. [KTN News]
The CS compared the operation that almost crippled Kenya Power to the
1993 fatal plane crash that killed an entire Zambian national football
team.
“It is such a difficult time for me to talk when we have a team of
very competent engineers who are not with us. This is like the time
Zambia lost a whole football team. A whole senior management team gone
is like losing a whole football team," he said.
“Let's not shy away and let's make decisions that are good for the
country. If KP goes down, the whole energy sector collapses. We want
to encourage you to be firm and strong. We also want to encourage
shareholders and our donors that, as Government, we will all offer
support to this company to ensure operations are normal.”
The issue for Investors is whether the current intervention is
sufficient. Most Investors I speak to were looking at a parachuting in
of an independent Turn-Around Specialist at the minimum. KPLC
retreated -2.29% to close at 6.40 and traded 723,100 shares.
KPLC is -29.67% in 2018.
ARM Cement has been a white-knuckled roller coaster ride in 2018. ARM
slumped -80.38% start of the year through early June when it closed at
an 11 Year low of 2.55. Like a Phoenix rising from the ashes ARM then
rallied +88.23% early June through this mornings Open. ARM corrected
-6.25% today to close at 4.50 and traded 1.287m shares. After all that
ARM remains -65.38% in 2018.
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