Stocks Watch – 23 May 2012
A snapshot of some of the shares we are watching today. EABL increased a moderate 1.85% in yesterday's trading, representing a shilling-gain of KES 4. The share is KES 1 shy of the 52-week high.
Pesa Portfolio Changes
Barclays Bank, KCB and Kenya Re all had to go. They were losing the portfolio too much money. We however increased our holdings in Uchumi and Crown Berger as they seem prime to make us some good returns.
Houses in Eastlands Appreciate in Value While Those in Westlands Depreciate
The latest Hass Index report on neighbourhood rents and property prices at the end of 2011 revealed Eastlands as an upcoming investment area as land and property prices appreciated in value. This is in sharp contrast to upmarket areas that are experiencing a decline in both rental prices…
Do NOT Trust the Experts
Economist Tim Harford illustrations why experts and "experts" cannot really predict which shares are the most promising. What do you think?
Has the Kenya Re Share Reached its Zenith?
At the close of trading yesterday the company’s share had fallen for the second day in a row recording a drop of 5.7% to close at KES 12.35. On Friday the share reported a loss of 0.8% to close at KES 13.10 per share. This is…
Deposit Cash to Your M-PESA Account via PesaPoint
Safaricom has partnered with PesaPoint to unveil a new service that enables M-PESA subscribers to transfer money from their bank accounts into their M-PESA account through their ATM cards, saving one the hustle of withdrawing cash from their bank account and then having to…
Closing Bell – 22 May 2012
Gainers Price (KES) Change (%) Olympia Capital Holdings Limited 3.90 5.41 CFC Insurance Holdings 8.00 4.58 Mumias Sugar Company 5.90 4.42 Uchumi Supermarkets 19.05 2.97 Eveready East Africa 1.80 2.86 Losers Price (KES) Change (%) Express Limited 3.40 8.11 KCB Limited 22.25 5.32 CFC Stanbic Holdings 41.75 5.11 Barclays Bank…
Are Your Financial Plans Balanced?
“Money frees you from doing things you dislike. Since I dislike doing nearly everything, money is handy”- Groucho Marx Having a financial plan is a sure avenue towards attaining financial freedom, but having a balanced financial plan is more important that having a mere financial plan.
Samsung to Unveil Galaxy Pocket in Nairobi
Samsung Electronics (East Africa) will tomorrow morning officially unveil into the local market the new Samsung Galaxy Pocket handset. The new handset developed by Samsung is geared at boosting internet penetration in emerging markets by availing for sale affordably priced, fully loaded Smartphone handsets.
Banking With M-PESA
M-PESA to bank is a service that links your bank account to M-PESA, giving you the convenience of easy banking without the need to physically visit a bank branch. You can deposit and withdraw cash from the comfort of your phone any day any time.
The CBK Weekly Bulletin Simplified: Interbank Rate Falls, Yields Fall Further.
The Interbank Rate According to the Central Bank of Kenya’s weekly report the interbank rate, the cost at which commercial banks borrow from one another, decreased to 15.96% during the week ending May 18, 2012 from 16.35% in the previous week. The average number of borrowing…
Pesa Portfolio – 22 May 2012
Below is a look at the Pesa Portolio after yesterday’s trading at the Nairobi Securities Exchange. Price (KES) Portfolio Value (KES) Share Market Segment Units Latest price Previous Price Current value Previous Value Mumias Sugar Company Manufacturing and allied 2,700 5.65…
Will Alternative Money Solve Our Many Problems?
Bernard Lietaer, ex-banker in Belgium and author of The Future of Money believes in alternative currencies. According to him, the design of money is the root of all that happens or doesn’t happen in society- that money is not really needed to solve the world problems, but it is…
Want to Know Your Net Worth?
A survey by Forbes Magazine of the richest people in Africa ranked Deputy Prime Minister Uhuru Kenyatta 26th with a net worth of $500 million, approximately KES 42,480,000,000. Business tycoon Chris Kirubi was ranked 31 with a net worth of $300 million, approximately KES 25,488,000,000. So,…
Was Your Car Cleared By KRA?
About 1,000 car owners in the country will soon be required to pay taxes or have their vehicles impounded by the tax authority for having evaded the tax system. In a statement to Nation, Kenya Revenue Authority Officials said that the vehicles passed through a faulty system when the authority…
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