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Wednesday 22nd of November 2017 |
Morning, Africa |
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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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THREAD How #Russia works on #Syria plan: @MSuchkov_ALM Law & Politics |
1. Within 72 hours at dif levels #Moscow had contacts w #Turkey, #Iran, #Qatar, #UAE (Deputy FM Bogdanov was there Nov.20 to talk w Abu Dhabi Crown Prince).Conversation w some were "deeper"that w others but idea to engage everyone.
2. #Asssad's visit was "cherry on the top" of this efforts. Having face-to-face conversation w him was key to (1) coordinate on the next steps (2) get his own feedback/views on #Russia/n initiatives (i.e. Syrian National Congress) (3) ensure he doesn't upset them
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"Thus was Lebanon's prime minister silenced" Law & Politics |
’When Saad Hariri’s jet touched down at Riyadh on the evening of 3 November, the first thing he saw was a group of Saudi policemen surrounding the plane. When they came aboard, they confiscated his mobile phone and those of his bodyguards. Thus was Lebanon’s prime minister silenced’’
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HOW JARED KUSHNER IS DISMANTLING A FAMILY EMPIRE @VanityFair Law & Politics |
There’s a primal scene. It takes place in neither green Eden, where the snake spoke sweetly, nor the master bedroom of your first house, the one by the railroad tracks, where, spying from a closet, you watched your parents in flagrante delicto, but at the Fontainebleau, on Miami Beach, where Sam Giancana talked Castro with the C.I.A., Jerry Lewis got into all kinds of mischief in The Bellboy, and Tony Montana scoped bikinis on the pool deck. If you’re a Jew of a certain vintage, the Fontainebleau means swank. It’s the fantasy showroom of the American Dream.
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Mugabe's Woes Wipe Out $6 Billion From Zimbabwe's Skewed Stocks Africa |
Investors dumped Zimbabwean stocks every day since the military seized power on optimism that 93-year-old President Robert Mugabe will be forced to step down.
The stocks, which are denominated in U.S. dollars and were used to hedge against rising inflation, fell another 10 percent on Tuesday, bringing the Zimbabwe Stock Exchange Industrial Index’s retreat since the army’s takeover on the morning of Nov. 15 to 35 percent.
The bourse’s market capitalization has plunged $5.9 billion in that period to $9.9 billion, according to data compiled by Bloomberg and the Zimbabwe Stock Exchange.
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10 NOV 14 ::Ouagadougou's Signal to Sub-Sahara AfricaThe Star Africa |
During the Arab Spring [now in the bleak mid-Winter], nearly all commentators spoke of how this North African wildfire could not leap the Sahara and head to sub-Saharan Africa. The reasons were that the State [incumbents] had a monopoly on the tools of violence and would bring overwhelming force and violence to bear.
We need to ask ourselves; how many people can incumbent shoot stone cold dead in such a situation – 100, 1,000, 10,000? This is another point: there is a threshold beyond which the incumbent can’t go. Where that threshold lies will be discovered in the throes of the event.
Therefore, the preeminent point to note is that protests in Burkina Faso achieved escape velocity. Overthrowing incumbents is all about acceleration, momentum and speed best characterised by the Ger- man word ‘Blitzkrieg’.
Out of a population of 17 million people in Burkina Faso, over 60 per cent are aged between 17 and 24 years, according to the World Bank, and this is another point to note. The country’s youth flexed their muscles. What’s clear is that a very young, very informed and very connected African youth demographic [many characterise this as a ‘demographic dividend’] – which for Beautiful Blaise turned into a demographic terminator – is set to alter the existing equilibrium between the rulers and the subjects, and a re-balancing has begun.
Kenya
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Eaagads Ltd. reports H1 2017 Loss after Tax of 20.536m Earnings here Africa |
Par Value: 1/25 Closing Price: 25.50 Total Shares Issued: 32157000.00 Market Capitalization: 820,003,500 EPS: 0.56 PE: 45.536
HY Revenue 44.692m vs. 72.677m -38.506% HY Fair value gain/[Loss] on biological assets 5.192m vs. [30.240m] +117.169% HY Cost of production [57.598m] vs. [40.525m] -42.130% HY Gross [loss]/ profit [7.714m] vs. 1.911m -503.663% HY Loss before taxation [21.383m] vs. [11.668m] -83.262% HY Loss for the period [20.536m] vs. [7.675m] -167.570% Basic and diluted loss per share [0.64] vs. [0.24] -166.667% Equity 830.049m vs. 684.258m +21.306% Cash and cash equivalents at the end of the period 3.596m vs. 3.592m +0.111% No interim dividend
Company Commentary
During the 6 month period under review, the Company made an after tax loss of 20.5m as compared to an after tax loss of 7.6m in the previous year. This is principally due to the prolonged dry weather which has resulted to reduced crop and increased coffee upkeep cost. Due to the turbulence in the international coffee prices, there was a significant decrease in coffee sales revenues due to lower coffee volumes and a decrease in the market prices of coffee in the period. No interim dividend.
Conclusions
Soft, real soft.
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N.S.E Today |
The Turkish Lira is getting slaughtered and is hitting record lows every day. This is the time to visit Istanbul, which is a spectacular City to visit. Brent Crude is trading +0.92% and is at a 2 Year High. I expect Brent to push higher towards $70.00 a barrel. The Geopolitical Risk component of the Oil Price is being repriced higher and a 32 Year Old wannabe King refers. The seismic geopolitical news on the African Continent was the resignation in Zimbabwe of President Robert Gabriel Mugabe. The sense of elation on the streets of Harare is profound. Everyone dancing, embracing, shouting "We are free! Free at last!" via @Zoe_Flood What is clear to me and I wrote about it in my Monday Article ''What is clear is that Zimbabwe is entering a New Normal and that in the medium term Zimbabwe has the potential to be one of the fastest growing economies in Africa. The People want to grab that opportunity with both hands. If Zanu-PF want to be part of that new more optimistic Future they need to invite the Opposition into Government, look for a big cash Boost from the international Community in order to stabilise the ‘’now’’'' The Nairobi All Share which surged +3.151% Tuesday posting its single largest % gain for 30 months followed on with a further +2.317% ramp higher to close at 172.17 The Nairobi NSE 20 rallied 21.69 points to close at 3839.46. Equity Turnover topped a billion to clock 1.025b which verifies the bull thrust.
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N.S.E Equities - Agricultural |
Eaagads Ltd. reported H1 2017 Earnings where the Loss after Tax expanded 167.57% to -20.536m on the back of a -38.506% slump in H1 Revenue. The Company said that the sharply wider loss was ''principally due to the prolonged dry weather which has resulted to reduced crop and increased coffee upkeep cost'' The Company added ''Due to the turbulence in the international coffee prices, there was a significant decrease in coffee sales revenues due to lower coffee volumes and a decrease in the market prices of coffee in the period'' Eaagads carries a market Cap of $8m and You don't have to be a rocket scientist to work out the NAV is considerably higher.
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N.S.E Equities - Commercial & Services |
Safaricom was the most actively traded share at the Securities Exchange and surged +4.67% to close at a Fresh Record closing High of 28.00 and traded 16.463m shares. Safaricom has ramped +8.73% higher over 2 trading sessions and the violence of the move is the Signal in the Noise. Safaricom has now served up a mouth-watering +51.27% Total Return in 2017 and is now just 12.5% away from my Year End Target of 32.00. The NASA Boycott Strategy was counter-intuitively a Buy Signal like the day Raila Odinga held a Press Conference with the Foreign Correspondents Association of East Africa about the Eurobond which was also a Buy Signal because the Eurobond then embarked on a 100 basis points rally. Safaricom as launched its E-Commerce Platform Masoko and this was the latest positive Price trigger. The next Trigger will be a Foray beyond our borders.
Nation Media Group traded 428,700 shares worth 49.729m all at 116.00 unchanged.
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N.S.E Equities - Finance & Investment |
Equity Bank rallied +1.76% to close at 43.25 a Fresh 11 week high and was trading at session highs of 44.50 +4.71% at the finale. Equity Bank traded 3.48m shares and Buyers outpaced sellers by a factor of 2.5 to 1. Equity is +50.833% in 2017 on a Total Return Basis and trades on a Trailing PE of 9.87. KCB Group firmed +1.16% to close at 43.75 a Fresh 11 week high. KCB traded 2.846m shares. KCB is +66.08% in 2017 on a Total Return Basis and trades on a Trailing PE Ratio of 6.77. DTB Bank closed +1.57% firmer at 193.00 and traded 11,700 shares. 200.00 is a Shoe-In.
Jubilee Insurance trended +2.63% higher to close at 467.00 on light trading.
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N.S.E Equities - Industrial & Allied |
KenGen firmed +0.56% to close at 8.90 and was trading at session highs of 9.05 +2.26% at the closing bell, on the day of its AGM held today at Kasarani. KenGen is +53.44% in 2017 and has space to probe the upside up to 10.00. KenGen had 4.5 Buyers for every Seller signalling further upside traction.
EABL closed unchanged at 238.00 and traded 266,100 shares.
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