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USD/KES $ at 95
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mlennyma
#51 Posted : Monday, May 11, 2015 5:35:53 PM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
Ericsson wrote:
Petrol will go up by nearly 8 shillings on Thursday when ERC does the fuel price review

its time to curse erc until price controls are stopped, it will be up up up for the next months
"Don't let the fear of losing be greater than the excitement of winning."
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hisah
#52 Posted : Monday, May 11, 2015 5:44:30 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
When is the new CBK governor taking the seat? Poor guy, first assignment is facing the storm. What a way to start off...
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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mlennyma
#53 Posted : Monday, May 11, 2015 5:55:07 PM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
hisah wrote:
When is the new CBK governor taking the seat? Poor guy, first assignment is facing the storm. What a way to start off...

and why would a gvt leave such key positions vacant in a country with so many bright minds?ignorance and lack of direction, the former governor didnt leave on emergency it was known...will you ever find safcom without a ceo?
"Don't let the fear of losing be greater than the excitement of winning."
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murchr
#54 Posted : Monday, May 11, 2015 6:00:33 PM
Rank: Elder

Joined: 2/26/2012
Posts: 15,980
mlennyma wrote:
hisah wrote:
When is the new CBK governor taking the seat? Poor guy, first assignment is facing the storm. What a way to start off...

and why would a gvt leave such key positions vacant in a country with so many bright minds?ignorance and lack of direction, the former governor didnt leave on emergency it was known...will you ever find safcom without a ceo?


Indeed its stupid to leave such an office vacant for even 2 days.

@hisah, what fire fighting techniques will he use anyway? The $$ is on an upward trajectory, the only way it can be tamed is by selling more tea, coffee, flowers, that Turkana oil and hosting more tourists, what happened to the "loan" or was it insurance that they took from the IMF? The USD now is trading at 0.9 EUR

Its time GOK revised the imports
"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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  | | Edit by user: Monday, May 11, 2015 6:06 PM | Reason: Not specified
Kausha
#55 Posted : Monday, May 11, 2015 8:56:36 PM
Rank: Member

Joined: 2/8/2007
Posts: 808
The inevitable will happen, serious spike in rates on the horizon.
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Ericsson
#56 Posted : Monday, May 11, 2015 10:34:53 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,815
Location: NAIROBI
And shares fall dramatically
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Gatheuzi
#57 Posted : Tuesday, May 12, 2015 6:51:14 AM
Rank: Veteran

Joined: 8/16/2009
Posts: 994
Watch out for highly geared companies. If debt is a high percentage of equity expect rate hikes to possibly erode vitually all profits.

Uchumi falls in this category. ARM needs to move fast to deal with the short term borrowings. Trancentary already planning a rights issue to deal with debts. Home Afrika may post a bigger loss as they keep digging themselves in funny arrangements. KQ - its obvious where they are headed. Mumias - already deep in debt and cant pay.
Time is money, so money is time. Money saved is time gained in reverse! Money stores your life’s energy. You expend your energy, get paid money, and store that money for a future purchase made in a currency.
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Impunity
#58 Posted : Tuesday, May 12, 2015 7:18:59 AM
Rank: Elder

Joined: 3/2/2009
Posts: 26,331
Location: Masada
Ericsson wrote:
And bank loan interest rates will follow too


And T-bill ifike 18%!
Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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newfarer
#59 Posted : Tuesday, May 12, 2015 7:47:39 AM
Rank: Elder

Joined: 3/19/2010
Posts: 3,505
Location: Uganda
.
punda amecheka
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  | | Edit by user: Tuesday, May 12, 2015 7:50 AM | Reason: Not specified
newfarer
#60 Posted : Tuesday, May 12, 2015 7:50:21 AM
Rank: Elder

Joined: 3/19/2010
Posts: 3,505
Location: Uganda
mazingira wrote:
1.00 USD = 96.0000 KES

Unga prices to go up fuel. Too.
I pray that my blessings follow suit.
punda amecheka
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