Kenya has been ordered to play a World-Cup qualifier soccer match against Tunisia behind closed doors in September after a fan was killed during crowd trouble at their match against Morocco last month. This will give organizers a chance to reflect on what went wrong in June with tickets (which ran out, and new ones were re-printed and sold even after the stadium was full, uninvited guests both unofficial (the crowd who bum-rushed the stadium, and destroyed one gate as they forced their way in) & official (what was the mayor’s car and about 20 taxis and vehicles doing inside the stadium besides enabling the dignitaries they brought to bypass bothersome ticket and security checks?)among other issues. No fans will be allowed in, but you can be sure that there will a significant number of officials and observers in the stadium to monitor the match.
Monthly Archives: July 2005
Around again at Telkom
From Balancing Act Africa: What the Government will get from a Safaricom sale will not be enough to fund a restructuring at Telkom.
Scholarships available
Banks named
From Haliburton through Kenya: Africa Confidential claims that illegal payments for Nigeria’ $10 billion gas export plant, built by Halliburton, Technip, Snamprogetti and the Japanese Gas Corporation appear to have been channeled through Kenya’s Transnational Bank and on to major international financial institutions, such as Bankers Trust, Citicorp and Deutsche Bank, who have all been asked to help the investigators with their enquiries.
NSE for Beginners
Prices are as at end of June 2005.
Agricultural
Unilever Tea (115.00)
Pro: tea is hot sector
Con: expensive share
Kakuzi (61.50)
Pro
Con
Rea Vipingo (21.25)
Pro:Largest producer of African sisal (Thanks to Kuoasan for correction)
Con: Focus mainly on sisal and yet textiles is a difficult sector.
Sasini (34.25)
Pro: tea is hot sector
Con: Trade dispute with Pakistan – main Tea destination
Commerc.and Allied
Car & General (30.00)
Pro
Con
CMC(50.00)
Pro: stong fleet sales, expanding into Sudan & Tanzania
Con: strong competition from vehicle importers
Hutchings Biemer (20.25)
Pro:
Con: Inactive share
Kenya Airways (63.50)
Pro: Solid management, dominant in parts of Africa
Con: airline sector unpredictable, with rising oil prices
Marshalls (26.50)
Pro: Strong government sales
Con: Peugeot eclipsed by cheaper Toyota & other Japanese brands
Nation Media Group (199.00)
Pro: leading regional media house
Con: Expensive stock
Tourism Promotion Services (Serena)(86.50)
Pro: Soon to merge with Serena Tanzania & Zanzibar
Con: very competitive sector
Uchumi Supermarkets (19.95)
Pro: restucuring under a strong management team
Con: cash flow and creditor problems still unresolved
Finance & Invest
Barclays Bank(251.00)
Pro: Kenya’s leading & most profitable bank
Con: high share price
CFC Bank (66.50)
Pro: Large insurance business
Con: few branches
Diamond Trust (28.50)
Pro: Affordable share for a clean Bank
Con: few branches
Housing Finance Company of Kenya(12.65)
Pro: Restructuring/merger talks ongoing
Con: Not fully provided for bad debts
ICDC (67.00)
Pro: diversified portfolio
Con: not much share movement
Jubilee (69.50)
Pro: potential as Kenya is an under-insured country
Con: difficult selling insurance in Kenya
K.C.B(70.00)
Pro: largest branch network in Kenya
Con: still separating the good book from the bad
National Bank (20.75)
Pro: Speculation on a restructuring deal
Con No dividend likely for many more years
National Industrial Credit (NIC)(54.50)
Pro: MOVE network has greatly increase customers, and loans
Con: MOVE costly
Pan Africa Insurance Holdings Ltd (32.50)
Pro: potential as Kenya is an under-insured country
Con: Not much share activity
Standard Chartered Bank (130.00)
Pro: pays high dividend, costs half as much as Barclays
Con Still a pricey share
Indust. & Allied
Athi River Mining Ltd (25.75)
Pro: Cement is a hot & they have expanded to fertilizer (another hot sector)
Con have only 10% share of cement market
BOC (K) (142.00)
Pro
Con: expensive share
Bamburi (122.00)
Pro Cement is hot sector because of increased building activity
Con: expensive share
British American Tobacco (224.00)
Pro: leading producer and market share growing despite legislative threats
Con: expensive share
Carbacid (124.00)
Pro
Con: Expensive share
Crown Berger(29.75)
Pro
Con
Olympia Capital Holdings (23.50)
Pro: large rubber operation
Con: had a tough year
E.A.Cables (145.00)
Pro: solid management and dividend payout
Con: Expensive share
E.A.Portland (105.00)
Pro Cement is hot sector because of increased building activity
Con: A strong Yen will eat into profits
E.A.Breweries (149.00)
Pro: we are a drinking nation
Con: rural beer sales dropping owing to illicit, cheap alternatives
Sameer Africa (18.00)
Pro: Now free to sell/distribute all tyres in Africa
Con: No longer Bridgestone exclusive, and shares will be offloaded later
Kenol (115.00)
Pro: very active shares, price passed 600/= before split in 2004
Con: relatively low dividend
Mumias (26.50)
Pro: Most efficient Kenyan sugar company, and can export to EU
Con: Sugar is produced more cheaply in neighboring COMESA countries
K.Power & Lighting (110.00)
Pro: High tariffs lead to high profits
Con: A strong Euro will eat into profits, and drought will affect production
Total (44.75)
Pro: Higher earnings & dividends per share than KENOL
Con: Shares not as active as KENOL
Unga (19.55)
Pro
Con: no significant share activity
ALTERNATIVE INVESTMENT MARKET SEGMENT (AIMS)
A.Baumann (10.70)
Pro
Con
City Trust (57.00)
Pro
Con
Eaagads (17.00)
Pro
Con: no significant share activity
Express (15.80)
Pro: Huge currency transport contract with Central Bank
Con: Recent losses make dividend unlikely soon
Williamson Tea (144.00)
Pro: Tea is hot
Con: Expensive share
Kapchorua (185.00)
Pro tea is hot sector
Con: Expensive share
K.Orchads (4.55)
Pro
Con
Limuru Tea (365.00)
Pro tea is hot sector
Con: Very expensive share
Standard Group Ltd (40.50)
Pro: rumored to be for sale
Con: High operational costs in bid to catch Nation media group