Wazua
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where is the dollar going????
Rank: Member Joined: 4/15/2008 Posts: 216
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The market has been undersold for weeks but the bounces have so far still been dismal. could it be possible that with such attractive dollar rates for foreign investors, we be prepared for a rally upwards. or will the dollar rate improve and with it the possibility of a rally diminish? somebody demystify this dollar rate for me please with regards to the market Do it today! Tomorrow is promise to no-one.
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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Yipee! KCB ought to make more Q2 up from the 748M they made in Q1 purely from FCY business!
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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P.S: That 748M from FCY business was 70% more than what they made in Q1 2010 (440M).
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Rank: New-farer Joined: 5/3/2010 Posts: 69
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Dollar breaks 86. http://www.xe.com/curren...ts/?from=USD&to=KES But I am not complaining. :)
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Rank: Member Joined: 9/29/2010 Posts: 679 Location: nairobi
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cbk have been very active this week, yes the amounts they are buyin are miniscule but the message their action(s) send(s) is that they dont mind seeing the local unit get weaker which then means they dont care about keeping inflation in check?
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Rank: Elder Joined: 6/19/2008 Posts: 4,268
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86?????? waaaaaoh! Now i need a loan!
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Rank: Member Joined: 9/29/2010 Posts: 679 Location: nairobi
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wendz
not a gud idea....borrow to buy a lower yielding ccy...
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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kizee1 wrote:wendz
not a gud idea....borrow to buy a lower yielding ccy... @Kizee1 - Last year when the euro was killed in May and June it was a good buy at Ksh 97. Now that the same theme seems to be playing out. Will the weak Ksh allow for those levels again? This is what I'm hoping for. If it can get to as low as Ksh 100, I'll be buying it and sell it sometime in December for the holiday spend and some investments... CBK too was out buying the euro. Hmmm...
As for the USDKES, clear CBK's actions want it to test Ksh 90... Globally I think the USD is poised for a sharp rebound which might make Ksh 90 look like a soft target! Will CBK allow USD/KES to swing to Ksh 100? At the current exchange rate, inflation is bad enough. At Ksh 90 - 100, inflation will be frying investment gains and people will be throwing stones... 
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Member Joined: 9/29/2010 Posts: 679 Location: nairobi
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hisah wrote:kizee1 wrote:wendz
not a gud idea....borrow to buy a lower yielding ccy... @Kizee1 - Last year when the euro was killed in May and June it was a good buy at Ksh 97. Now that the same theme seems to be playing out. Will the weak Ksh allow for those levels again? This is what I'm hoping for. If it can get to as low as Ksh 100, I'll be buying it and sell it sometime in December for the holiday spend and some investments... CBK too was out buying the euro. Hmmm...
As for the USDKES, clear CBK's actions want it to test Ksh 90... Globally I think the USD is poised for a sharp rebound which might make Ksh 90 look like a soft target! Will CBK allow USD/KES to swing to Ksh 100? At the current exchange rate, inflation is bad enough. At Ksh 90 - 100, inflation will be frying investment gains and people will be throwing stones...
what would it cost wendz to borrow to fund a short kes possy? the differential would ideally erode her gains but then again if the rate moves fast enough as it well may then its a good idea...so now every1 talkin of 90 eh..please note the cash market is FINITE,...cbk r sterilizing their purchases...i would error on the side of caution
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Rank: Veteran Joined: 8/30/2007 Posts: 1,558 Location: Nairobi
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How about buying the usd now as the cross between the euro and the usd is at an all time high(1.42 as of jana) and its not backed by fundamentals as the greek drama unfolds...im sure the dollar will come through..... also if the usd is at an all time low to the euro n gbp and the shilling is also at an all time low to the USD, however our inflation at the moment does not support going long on KES, usd could be a good long//
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Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery
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Tough times for foreign investors...if i sell now i will incur atleast 10% in dilution due to the Weak Shilling but its cheaper to buy..but who wants to buy with all this uncertanities
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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the deal wrote:Tough times for foreign investors...if i sell now i will incur atleast 10% in dilution due to the Weak Shilling but its cheaper to buy..but who wants to buy with all this uncertanities Good lock-in.
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Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery
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@Cde since u are Pan African...i see a big opportunity on NamBrew...H1 EPS up 38% Dividend R 0.25 current trailing PE 8.12( compare to EABL) forward PE btwn 5-6...their SA and Export markets are doing very well.
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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the deal wrote:@Cde since u are Pan African...i see a big opportunity on NamBrew...H1 EPS up 38% Dividend R 0.25 current trailing PE 8.12( compare to EABL) forward PE btwn 5-6...their SA and Export markets are doing very well. Interesting. Thanks. What brands do they have? Is Windhoek theirs? Hiyo beer ni tamu!
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Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery
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Cde Monomotapa wrote:the deal wrote:@Cde since u are Pan African...i see a big opportunity on NamBrew...H1 EPS up 38% Dividend R 0.25 current trailing PE 8.12( compare to EABL) forward PE btwn 5-6...their SA and Export markets are doing very well. Interesting. Thanks. What brands do they have? Is Windhoek theirs? Hiyo beer ni tamu! Yeaah Windhoek Lager is their premium beer...it's even here...they have huge market share in Southern Africa as well..theyre really giving SABMiller a run for their money...problem is getting the Shares is almost impossible...but i think its Africas cheapest Blue Cheap.
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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@deal also check out Zim's brewer. www.delta.co.zw they released recently FY31st March 2011. Revs up 45%-USD 408M, EBITDA up 67%-USD 82M, PAT up 47%- USD 53M, EPS up 42%- USc4.5. Dividend USc1.5. Delta is a SAB Miller child. These wonderful results are just from 2yrs of Zim's new USD/Forex economy (effective Feb 2009) - the potential in the new Zim is ENORMOUS!! This is where I expect to pull off my Jesus, i.e how he was chased from Nazareth (Kenya) and went out to have billions of followers!! - in my case I just expect the tons of mulla n' wealth 
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Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery
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Cde Monomotapa wrote:@deal also check out Zim's brewer. www.delta.co.zw they released recently FY31st March 2011. Revs up 45%-USD 408M, EBITDA up 67%-USD 82M, PAT up 47%- USD 53M, EPS up 42%- USc4.5. Dividend USc1.5. Delta is a SAB Miller child. These wonderful results are just from 2yrs of Zim's new USD/Forex economy (effective Feb 2009) - the potential in the new Zim is ENORMOUS!! This is where I expect to pull off my Jesus, i.e how he was chased from Nazareth (Kenya) and went out to have billions of followers!! - in my case I just expect the tons of mulla n' wealth I will check it out...Thanks venturing into Zim u r brave
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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the deal wrote:Cde Monomotapa wrote:@deal also check out Zim's brewer. www.delta.co.zw they released recently FY31st March 2011. Revs up 45%-USD 408M, EBITDA up 67%-USD 82M, PAT up 47%- USD 53M, EPS up 42%- USc4.5. Dividend USc1.5. Delta is a SAB Miller child. These wonderful results are just from 2yrs of Zim's new USD/Forex economy (effective Feb 2009) - the potential in the new Zim is ENORMOUS!! This is where I expect to pull off my Jesus, i.e how he was chased from Nazareth (Kenya) and went out to have billions of followers!! - in my case I just expect the tons of mulla n' wealth I will check it out...Thanks venturing into Zim u r brave Thanks. Invested in Zim from 2006-to date...I have experienced the worst of Zim pre 2009 so believe it when I say the new Zim is change you can believe in.
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Rank: Veteran Joined: 9/4/2009 Posts: 700 Location: Nairobi
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Predictions on the dollar rebound; some say an easy 6%. But KES has a strong short term correlation with the US dollar index since Osama was buried in his "underwater cave". Can we rely the dollar index to set a medium term trend for KES? “We are the middle children of history man, no purpose or place. We have no great war, no great depression. Our great war is a spiritual war, our great depression is our lives!" – Tyler Durden
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Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
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deal, is there a Mututho law in Namibia? GOD BLESS YOUR LIFE
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Wazua
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where is the dollar going????
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