Metasploit wrote:http://www.the-star.co.ke/news/article-121049/market-readying-big-announcement
Great analysis by Mr. Rich
My highlights
Quote: Egypt, in my view, has yet to reach the denouement and a denouement it shall be. The Egyptian pound is trading at a record low and the blackmarket rate is way higher. The Egyptian stock market has eked out a +1.65% gain this year.
Quote:South Africa is also seriously problematic. The Rand is at a four-year low and that in itself is a signal that money is hitting the exit button. And in my business, you follow the money because the money trail is always the most honest messenger. And the Africa money trail is informing me that investors are now more enamoured with the African middle rather than the gateways.
Quote:Kenya could attain double-digit growth if it properly manages wealth from its newly discovered natural resources. I completely agree with Ragnar. Let me finish this piece by a quick sweep through the Nairobi Securities Exchange. Of course, last week, the big set piece event was the release of Safaricom's FY earnings. Safaricom raised the dividend pay-out +40.9% year on year and that of itself tells you everything you need to know. Safaricom has returned more than 100% over the last 12 months.
Quote: I have followed the markets since I was a young boy, I cannot recall such a sequence. The money trail is confirming an imminent announcement and I can only speculate that it must be around a geographical expansion or an acquisition. The Securities Exchange entered a bull market in May 2012. I said that we would rally between 30%-35% after the election on a 'de-risking' of Kenya Inc. In the last two weeks, we have experienced 1/3rd of that prediction.
@hisah, Mr Rich thinks like you....what say you about his article?
"There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
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