|
Friday 01st of December 2017 |
Morning, Africa |
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
Macro Thoughts |
read more |
|
A 'madman' or methodical tactician? @Reuters profiles Kim Jong Un and delves into the young leader's history Law & Politics |
Donald Trump dismisses him as "Little Rocketman," but others discern an evolving strategy behind changes the North Korean leader has made since he came to power.
On an icy December day in 2011, North Korea’s new leader Kim Jong Un was accompanied by seven advisers as they escorted the hearse that carried his father, Kim Jong Il, through the streets of Pyongyang.
None of the men remain with the young Kim. This October, he demoted the last of his father’s aides, both men in their nineties. They were among around 340 people he has purged or executed, according to the Institute for National Security Strategy, a think tank of South Korea’s National Intelligence Service (NIS).
Kim, “obviously a madman” in the eyes of U.S. President Donald Trump, has completed a six-year transition to what the South calls a reign of terror. His unpredictability and belligerence have instilled fear worldwide: After he tested a “breakthrough” missile earlier this week, he pronounced North Korea a nuclear power capable of striking the United States. But a closer look at his leadership reveals a method behind the “madness.”
To consolidate a weak position, the young leader has been cultivating three main forces: military and nuclear power, a tacit private sector market economy, and the fear and adoration of a god. To this end, he has executed two powerful men and promoted one young woman – Kim Yo Jong, his younger sister, who Korea-watchers say is also Kim’s chief propagandist. She is Kim’s only other blood relative to be involved in politics: His elder brother, Kim Jong Chol, was rejected by their father as heir.
Over the five years to December 2016, Kim spent $300 million on 29 nuclear and missile tests, $180 million on building some 460 family statues, and as much as $1 billion on a party congress in 2016 – including $26.8 million on fireworks alone, according to the Institute, which employs high-level defectors.
In Kim’s view, Saddam Hussein of Iraq and Muammar Gaddafi of Libya were fatally weakened by not having nuclear weapons, North Korean media say. “History proves that powerful nuclear deterrence serves as the strongest treasured sword for frustrating outsiders’ aggression,” the official KCNA news agency said in an editorial in January 2016.
North Korea spends about a quarter of its GDP on defence: Russia’s President Vladimir Putin has said Kim Jong Un would have his people “eat grass” rather than give up its nuclear programme.
Conclusions
|
read more |
|
18-SEP-2017 :: Kim Jong-Un has been precise and calibrated in his response to President Trump Law & Politics |
One of the strategies of the pre-regime change moment has been to demonise the other leader. And front and centre in Kim’s mind must be the image of Saddam Hussein being hung by his neck and of Muammar Gaddafi meeting his death after having been sodomised with a bottle. When you view things from Kim the rocket man’s perspective, you might appreciate that far from being illogical, he is in fact being ruthlessly logical and he is speaking the language his adversaries understand lucidly. 10 m folks in Seoul just 60 kms from the border, 28,500 US soldiers are all in the line of fire.
|
read more |
|
20-NOV-2017 :: The genie is out of the bottle. @TheStarKenya Africa |
He had a warning for whoever takes over Zimbabwe: “If the next leader does the same, we are going to come out again.”
I agree with US assistant secretary of state for African affairs Yamamoto who said, “It’s a transition to a new era for Zimbabwe, that’s really what we’re hoping for.”
The military which launched this decapitation are certainly set to shape the outcome but now have a Tiger by the Tail.
|
read more |
|
IMF to send mission to Zimbabwe in coming days Africa |
“We stand ready to support the authorities, in their efforts to design policies that can indeed restore stability and growth,” Rice said.
He added that while a concerted international effort to “revive and reintegrate” Zimbabwe’s economy will be needed, a financial assistance package from the IMF can only be possible once there is progress on clearing arrears with other international institutions.
Zimbabwe owes arrears of around $1.8 billion to the World Bank and the African Development Bank. Suffering from decades of decline and hyperinflation as a result of Mugabe’s economic policies, Zimbabwe has not been able to borrow from international lenders since 1999, when it started defaulting on its debt.
Last week, the IMF’s Zimbabwe mission chief said that the country’s economic situation “remains very difficult” with growth threatened by high government spending, an untenable foreign exchange regime and inadequate reforms.
|
read more |
|
Mnangagwa names first post-Mugabe Zimbabwe cabinet @FT Africa |
Emmerson Mnangagwa, who replaced Robert Mugabe as Zimbabwe’s president after an army takeover, appointed a cabinet that included military figures in key posts, and a supporter of rebuilding ties with international lenders as finance minister.
No opposition politicians were included in the cabinet announced on Thursday by Mr Mnangagwa, who promised a “new and unfolding democracy” for the southern African country when he returned from exile and became president last week after the 93-year-old autocrat resigned after 37 years of rule.
|
read more |
|
Bamburi Cement issues a FY 2017 Profits Warning Africa |
The expected decrease is mainly attributable to 1. weaker performance of the business in Kenya resulting from contraction of the cement market, partly diue to poor private sector credit growth, drought conditions together with the effects of the pre and post election period. 2. Lower volumes to the Group's export markets
|
read more |
|
Mumias Sugar reports FY 17 EPS [4.43] Earnings here Africa |
Par Value: 2/- Closing Price: 1.10 Total Shares Issued: 1530000000.00 Market Capitalization: 1,683,000,000 EPS: -4.43 PE:
Mumias Sugar Company Limted FY 2017 Results through 30th June 2017 vs. 30th June 2016
FY Revenue 2.091751b vs. 6.285917b -66.723% FY Cost of sales [5.279897b] vs. [8.048406b] -34.398% FY Gross loss [3.188146b] vs. [1.762489b] -80.889% FY Fair value gain on biological assets 97.137m vs. 133.803m -27.403% FY Administrative expenses [2.329932b] vs. [2.176058b] -7.071% FY Impairment of assets [2.572703b] vs. [1.388856b] -85.239% FY Finance costs [1.500153b] vs. [874.382m] -71.567% FY Loss before tax expense [9.531178b] vs. [6.070519b] -57.008% FY Loss for the year attributable to the owners of the company [6.773934b] vs [4.756591b] -42.412% Basic and diluted loss per share [4.43] vs. [3.11] -42.444% Total equity 756.580m vs. 7.559964b -89.992% No dividend
Company Commentary
During the Year Company suffered a net loss after Tax of 6.8b versus 4.8b Major challenge was the acute sugar cane shortage experienced in the region coupled with a 28% increase in cane price. Total cane crushed was 407,008 tonnes, a drop of 67% compared to 1,215,566 tonnes crushed the previous year. a lower production of 15,891 tonnes of sugar was achieved compared to 75,073 tonnes produced the previous year. Ethanol plant produced 6.9m litres of ENA a 41% drop. cogeneration and water bottling lines remained non-operational throughout the year. management made a decision to stop milling operations in the last quarter of the year to focus on cane development activities and factory plant maintenance resumption of factory operations in October The Board of Directors view the Company's outlook as positive.
Conclusions
Switch off the lights.
|
read more |
|
Nairobi Business Ventures Limited reports H1 2017 EPS -0.63 Earnings here Africa |
Par Value: Closing Price: 3.40 Total Shares Issued: 23600000.00 Market Capitalization: 80,240,000 EPS: 0.187 PE: 18.182
Nairobi Business Ventures H1 2018 results through 30th September 2017 vs. 30th September 2016 H1 Revenue 8.007940m vs. 34.663639m -76.898% H1 Cost of sales [3.504367m] vs. [13.483245m] -74.009% H1 Gross profit 4.503573m vs. 21.180394m -78.737% H1 Administrative expenses [5.160316m] vs. [3.617007m] +42.668% H1 Other operating expenses [13.729434m] vs. [12.888750m] +6.523% H1 Operating profit [14.386177m] vs. 4.674637m -407.750% H1 Finance costs [0.517057m] vs. [3.189189m] -83.787% H1 Profit before tax [14.386177m] vs. 1.485448m -1,103.282% H1 Profit for the period/ year [14.903234m] vs. 1.039813m -1,533.261% H1 Profit/ [Loss] per share [0.63] vs. 0.04 -1,675.000% Shareholders’ funds 30.092353m vs. 78.883416m -61.852% Cash and cash equivalents at the end of the period/ year [20.303760m] vs. [14.297868m] -42.006%
Company Commentary [extraordinarily illiterate]
The period under review was turbulent one for NBV alongside many others in retail and fashion sector in Kenya. NBV continued making losses due to very low sales turnover coupled with working capital shortage, banks credit seize, economic slowdown, low purchasing power many due to uncertainty in political situation and ongoing election disputes during the period. NBV management has taken steps to support working capital needs of the company by way of providing shareholder loans as a short term measure and exploring possibilities of raising long term capital to support the revival of company's performance as well as continued planned expansion of the Company.
Conclusions
These results speak for themselves. They are dreadful as is the company commentary which is littered with spelling mistakes.
|
read more |
|
|
|
|