@The deal of Namibia,

Be aware fundamentals is not everything. What drives prices is consistent profit growth not necessarily PE.

ARM with a PE of 29.08 is apprciating at the moment faster than Bamburi with a PE of 17.58.

The big boy EABL has a PE of 38.55, what is driving its price ?

What is making KCB grow faster than Equity ?
It is the HY results. KCB performed better than Equity. But look at the PEs. KCB at 11.44 and equity at 10.51 ? If Equity performs better in Q3 VS KCB, you will see a steep rise in equity, but if KCB outperforms equity, the gap between KCB VS Equity will be wider irrspective of the fact that equity may still have lower PE which means it is cheaper.

HSBC has cut Safaricom to underweight from overweight http://www.bloomberg.com/news/2...ignal-nairobi-mover.html

Safaricom has increased the cost of making calls to neighbouring countries, becoming the first telecom to react to harsher taxation regimes within East Africa.

“…some of the East African Community countries, namely Uganda, Tanzania, Rwanda and Burundi, have imposed new taxes and levies on all international calls from Kenya.This necessitates the upward revision of both our international calling and roaming rates,” said Safaricom.