Welcome to RICH.CO.KE - Satchu's Wrapup

Satchu's Rich Wrap-Up

Tuesday 01st of September 2020

Morning

Africa

Macro Thoughts

World Of Finance

Tesla has outperformed hyper-inflated Venezuelan Stocks in the last year. This is turning into a banana republic… None of us own enough gold. @TaviCosta

World Of Finance

Home Thoughts

Africa

Don DeLillo wrote "Everything is barely weeks. Everything is days. We have minutes to live." The Way we live now #COVID19

Misc.

01-MAR-2020 :: “There's always more to it. This is what history consists of. It is the sum total of the things they aren't telling us.” Don Delillo Libra #COVID19

World Of Finance

"You live in a tower that soars to heaven and goes unpunished by God." - Don DeLillo, Cosmopolis

Misc.

"There is a world inside the world." - Don DeLillo, Libra

Misc.

There are dead stars that still shine because their light is trapped in time. Where do I stand in this light, which does not strictly exist? DON DELILLO, Cosmopolis

Misc.

A Luminous and Fairy Tale Feel

Misc.

Christof Simon ~ awaking ~ @rvoneinem

Misc.

Political Reflections

Law & Politics

JPMorgan Says Investors Should Prepare for Rising Odds of #Trump Win - Bloomberg @C_Barraud [This is my baseline scenario]

World Of Finance

Beirut ~ abandoned buildings ~ James Kerwin #photography

Law & Politics

On new infections, India is off-the-chart @EricTopol

Asia

US was descending, now a 40,000/day new plateau?

European Union rebound now at half of US daily new cases

#COVID19 and the Spillover Moment

Misc.

Sunday's border violations by PLA in Pangong-Chushul sector are more serious than govt is admitting. China is steadily pushing the Line of Actual Control westwards. @ajaishukla

Law & Politics

The Indian Army wants to stop "dialogue" and take action. But New Delhi is desperate for a negotiated solution.

Feb 8, 2018 Does the Indian Establishment and @narendramodi appreciate Chokehold China has over India? Doklam Plateau, Gwadar and Hambantota Ports and the intrusion into the Indian Ocean?

Law & Politics

The south bank of Pangong Lake is under actual control of China. In 1962, the Chinese army beat the Indian army there. @HuXijin_GT

Law & Politics

This time it is the Indian army that tried to break the status quo. I hope India will not make the same mistake.

India real GDP sees the steepest contraction on record in the first quarter of FY21. @BloombergQuint

Asia

The accelerated growth was "a fantastically crafted fiction," according to Prasad, Blood and Soil in @narendramodi's India @NewYorker

Asia

International Markets

World Of Finance

CHART OF THE WEEK: Moody’s projects G-20 economies will shrink 4.6% in 2020 amid the #coronavirus crisis, followed by 5.3% growth in 2021. @MoodysInvSvc

World Of Finance

27-JUL-2020 :: Drinking the Kool-Aid

World Of Finance

Currency Markets at a Glance WSJ

World Currencies

Euro 1.1988

Dollar Index 91.814

Japan Yen. 105.67

Swiss Franc 0.9006

Pound 1.3433

Aussie 0.7407

India Rupee 72.802

South Korea Won 1183.21

Brazil Real 5.4924

Egypt Pound 15.86

South Africa Rand 16.744

USD Bloomberg USD Index with new DeMark Sequential buy Countdown 13 at the downside wave 5 price objective. Positioning and sentiment remains set up very bearish @TommyThornton

World Currencies

27-JUL-2020 :: Drinking the Kool-Aid Conclusions Euro 1.25 $DXY < 90.00

World Of Finance

EUR positioning is the most stretched position in major FX space. Last 4 times it has breached 1.5 std deviations since 2014 have marked tops in $EUR @VPatelFX

World Currencies

Euro versus the Dollar Chart @ElCryptoChief 1.1985

World Currencies

Commodities

Commodities

Commodity Markets at a Glance WSJ

Commodities

Gold 6 month INO 1989.00

Commodities

Crude Oil 6 Month Chart INO 43.18

Minerals, Oil & Energy

There goes silver again. Out of a bullish pennant with authority. Ready to take out its August highs. @TaviCosta 28.80

Commodities

We are in a new bull market for precious metals.

27-JUL-2020 :: Drinking the Kool-Aid Conclusions Euro 1.25 $DXY < 90.00 Gold $2,200+ Silver $50.00+ EM a Sell

World Of Finance

Cocoa futures have rallied to their best level since February. @patrickrooney

Commodities

The level of community exposure to SARS-CoV-2 in Maputo is 3.79%, according to just-released results of a sero-epidemiological study conducted in the Mozambican capital @TomBowk

Africa

We Know that the #Coronavirus is exponential, non linear and multiplicative.

Misc.

South Africa All Share Bloomberg

Africa

Dollar versus Rand 6 Month Chart INO 16.74

World Currencies

Egypt Pound versus The Dollar 3 Month Chart INO 15.8741

World Currencies

Egypt EGX30 Bloomberg

Africa

Nigeria All Share Bloomberg

Africa

Ghana Stock Exchange Composite Index Bloomberg

Africa

Kenya

Africa

Everyone in Kenya should read today's WHO report. It's a much-needed corrective to the trumpeting some have done about an apparent decline in cases here. @maxbearak

Africa

Reality: testing has plummeted and in many counties, >90% of cases not followed by contact tracing.

Total Kenya Ltd. reports HY 2020 Earnings

N.S.E Equities - Industrial & Allied

Par Value: 5/-

Closing Price: 22.85

Total Shares Issued: 175028706.00

Market Capitalization: 3,999,405,932

EPS: 3.67

PE: 6.226

Leading multinational energy company.

Total Kenya reports H1 2020 Earnings

HY Gross Sales 44.425948b versus 81.257592b

HY Net Sales 31.456252b versus 65.207129b

HY Cost of Sales [27.459684b] versus [61.062220b]

HY Gross Profit 3.996568b versus 4.144909b

HY Other Income 732.46m versus 532.506m

HY Operating Expenses [3.136021b] versus [3.031018b]

HY Profit before Tax 1.551496b versus 1.671733b

HY Profit after Tax 1.136193b versus 1.108400b

HY EPS 1.80 versus 1.76

Conclusions

These results speak for themselves.

Did not chase Bulk Sales and effectively widened margins on lower revenue

Liberty Kenya Holdings.reports HY 2020 Earnings here

N.S.E Equities - Finance & Investment

Par Value:

Closing Price: 7.70

Total Shares Issued: 535707499.00

Market Capitalization: 4,124,947,742

EPS: 1.31

PE: 5.878

Liberty reports HY 2020 Earnings

HY Revenue 6.012711b versus 5.385253b

HY Net Insurance Premiums 3.425219b versus 3.386559b

HY Revenue from contracts with Customers 554.968m versus 508.328m

HY Interest Income from Financial Assets 231.125m versus 221.442m

HY Fair Value adjustment to Assets at Fair value 154.687m versus 1.5956586b

HY Total Income 4.431331b versus 5.770346b

HY Claims and Policy Holders [3.4699856b] versus [2.830808b]

HY Insurance Claims recovered from Reinsurers 959.757m versus 438.783m

HY Change in Long Term Policy Holders Assets and Liabilities 776.769m versus 97.019m

HY Other Operating Expenses [1.556740b] versus [1.612368b]

HY Profit Before Tax 294.298m versus 628.837m

HY Profit After Tax 333.080m versus 392.162m

HY EPS 0.58 versus 0.70

Company speaks of ''pandemic reserves''

Conclusions

Conservatively managed and resilient however note the boost from Change in Long Term Policy Holders Assets and Liabilities

Standard Group reports HY 2020 Earnings

N.S.E Equities - Commercial & Services

Par Value: 5/-

Closing Price: 22.50

Total Shares Issued: 81731808.00

Market Capitalization: 1,838,965,680

EPS: -5.25

PE: -4.286

Standard Group reports HY 2020 Earnings

HY Revenue 1.396432b versus 2.403211b -42%

HY Total Operating Costs [1.739493b] versus [2.289148b]

HY [Loss] Profit before Income Tax [416.563m] versus 27.71m

HY [Loss] Profit After Tax [306.129m] versus 19.399m

HY EPS [3.01] versus 0.59

Conclusions

Media is in the cross fire and a -42% H1 Revenue decline says it all.

Home Afrika Ltd reports HY 2020 Earnings

N.S.E Equities - Finance & Investment

Par Value:

Closing Price: 0.44

Total Shares Issued: 405255320.00

Market Capitalization: 178,312,341

EPS: -0.68

PE: -0.647

Home Afrika reports HY 2020 Earnings

HY Revenue 43.022m versus 103.26m

HY Gross Profit 14.151m versus 43.025m

HY Admin Expenses [98.837m] versus [75.009m]

HY Other Operating Expenses [20.953m] versus [15.995m]

HY Operating Loss [113.162m] versus [58.055m]

HY Finance Costs [129.997m] versus [36.577m]

HY Loss for period [243.159m] versus [94.632m]

HY EPS [0.49] versus [0.15]

Conclusions

Make your own.

Kenya Shilling versus The Dollar Live ForexPros

World Currencies

Nairobi All Share Bloomberg

N.S.E General

Nairobi ^NSE20 Bloomberg

N.S.E General

Every Listed Share Can Be Interrogated Here

N.S.E Today

by Aly Khan Satchu (rich.co.ke)

September 2020

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