I need stock tips from this Japanese housewife!
I think it makes sense for some investment bank or mutual fund to hire her as an analyst or trader... even if just for the publicity!
Japanese housewife makes MILLIONS...
I have a feeling that there are soma "Mamas" in Kenya who have made millions but you would never guess just looking at them!
That's why I cringe when some silly bureaucrat tries to impose rules/regulations ostensibly to protect someone against market risk!!!
Friday, August 24, 2007
Wednesday, August 22, 2007
Cheetahs vs Hippos
http://myafricatoday.blogspot.com/2007/08/george-ayittey-cheetahs-vs-hippos-for.html
The Government of Kenya (or some idiots within it) were "insulted" when an article in The Economist referred to "new" Africans as Cheetahs vs the "old, corrupt, status-quo' Africans as Hippos.
So the IDIOTS canceled an important meeting/conference the Economist was going to hold in Nairobi in view of the Economist's article. It turns out it was an AFRICAN (George Ayittey) made a great speech on why he believes in Africa & referred to Cheetahs & Hippos!
He also argues that Capitalism was integral to ancient African communities. The marketplaces e.g. Timbuktu was a marketplace. What the "Hippos" introduced as "Socialism" (including African Socialism as attempted in Kenya or Tanzania) was a form of "Swiss-bank Socialism" for the Hippos.
Anyway, here is his definition paraphrased.
The Cheetah Generation - made up of the youth, specifically the TED Fellows present here, the saviors of Africa who are not going to wait for government and aid organizations to do things for them.
The Hippo Generation - the current political and business leaders who are happy to wallow in their water holes, complaining about colonialism and poverty, but doing nothing about it.
Here are some sources of information on George Ayittey's speech.
White African
TED
Where are the Hippos?
The Government of Kenya (or some idiots within it) were "insulted" when an article in The Economist referred to "new" Africans as Cheetahs vs the "old, corrupt, status-quo' Africans as Hippos.
So the IDIOTS canceled an important meeting/conference the Economist was going to hold in Nairobi in view of the Economist's article. It turns out it was an AFRICAN (George Ayittey) made a great speech on why he believes in Africa & referred to Cheetahs & Hippos!
He also argues that Capitalism was integral to ancient African communities. The marketplaces e.g. Timbuktu was a marketplace. What the "Hippos" introduced as "Socialism" (including African Socialism as attempted in Kenya or Tanzania) was a form of "Swiss-bank Socialism" for the Hippos.
Anyway, here is his definition paraphrased.
The Cheetah Generation - made up of the youth, specifically the TED Fellows present here, the saviors of Africa who are not going to wait for government and aid organizations to do things for them.
The Hippo Generation - the current political and business leaders who are happy to wallow in their water holes, complaining about colonialism and poverty, but doing nothing about it.
Here are some sources of information on George Ayittey's speech.
White African
TED
Where are the Hippos?
Saturday, August 18, 2007
Her... She... is... Mine...
The New... Curve
Feeling my way around Her
No wonder She is the Curve.
Pressing Her buttons
will engage Her functions.
Brains & Beauty never come cheap
High maintenance is Her keep.
Her interest in my tongue
Has all forgiven & forgotten.
She sounds so sweet
being new & pristine.
She is the She for me.
The Ex
Felt sad to let her go. The sadness lasted but a moment.
Tuesday, August 14, 2007
Why JKIA needs a 2nd runway...
Sigh... I feel sorry for KQ among other airlines that suffer do to the stupidity reigning at JKIA...
Apparently, the JKIA management (what qualifications does muhohohoho have to be running the KAA???) believes one runway is enough... whereas for safety & efficiency there need to be be at least 2 runways!!!
Another plane burst its tires on the runway... I would like to know the cause (debris on the runway?)... and the airport was shut down. Again!!!
The other day the airport was closed down for 2 days since there were no landing lights!!!
A 2nd runway would allow flights to land & leave even if one runway is damaged or closed for maintenance or due to a crash/accident.
JKIA was built to handle 2mn passengers but handles over 4.4mn passengers. With the rapid growth of KQ & increased local airlines/flights as well as additional international airlines flying into nairobi, there is a need for increased capacity for the aircraft.
Apparently, the JKIA management (what qualifications does muhohohoho have to be running the KAA???) believes one runway is enough... whereas for safety & efficiency there need to be be at least 2 runways!!!
Another plane burst its tires on the runway... I would like to know the cause (debris on the runway?)... and the airport was shut down. Again!!!
The other day the airport was closed down for 2 days since there were no landing lights!!!
A 2nd runway would allow flights to land & leave even if one runway is damaged or closed for maintenance or due to a crash/accident.
JKIA was built to handle 2mn passengers but handles over 4.4mn passengers. With the rapid growth of KQ & increased local airlines/flights as well as additional international airlines flying into nairobi, there is a need for increased capacity for the aircraft.
How to buy shares offered under a Rights Issue
I will use the example of Olympia Holdings Co. Ltd (OCHL). I do not have their timetable but I will clean/correct the dates/details when I can get my hands on one.
OCHL announced their intention to do a "Rights Issue" which means existing shareholders have the "Right" to buy more "newly issued" shares in the firm. The proceeds go to the firm for expansion, debt payoff, etc.
The increase in capital was passed at the AGM held in June 2007, thereafter an announcement was made to the number of shares to be offered in the Rights Issue on 26 June 2007. This was 3:1 meaning you could but 3 "new" shares for each 1 share owned.
OCHL made an application to the CMA. After CMA's approval, OCHL announced a price for the "new" shares i.e. 14/- on 10 August 2007. The shares will trade Cum Rights through 17 August 2007 after which they go Ex-Rights.
For some reason unknown to me, the shares are not reflected as Cum Rights on the price list dated 13 or 14 August 2007.
Anyone who buys the OCHL shares on or before 17 August 2007 is entitled to the Rights for "free". What this means is that each share has the "Right" to buy 3 more shares at 14/- each. The shareholders as of 17 August 2007 will receive a Memorandum of Information (MoI) that includes forms to apply/assign/transfer/sell these Rights.
The Rights will then trade separately from the underlying shares. (I do not have the timetable but I think the last day to apply for the shares is 3 September 2007). Anyone can buy the Rights at a "premium" then exercise them at 14/- in exchange for "new" shares. To buy Rights, an investor needs to contact their broker & ask them to buy Rights from the market.
PLEASE SEND ME A TIMETABLE IF YOU HAVE ACCESS TO ONE.
OCHL announced their intention to do a "Rights Issue" which means existing shareholders have the "Right" to buy more "newly issued" shares in the firm. The proceeds go to the firm for expansion, debt payoff, etc.
The increase in capital was passed at the AGM held in June 2007, thereafter an announcement was made to the number of shares to be offered in the Rights Issue on 26 June 2007. This was 3:1 meaning you could but 3 "new" shares for each 1 share owned.
OCHL made an application to the CMA. After CMA's approval, OCHL announced a price for the "new" shares i.e. 14/- on 10 August 2007. The shares will trade Cum Rights through 17 August 2007 after which they go Ex-Rights.
For some reason unknown to me, the shares are not reflected as Cum Rights on the price list dated 13 or 14 August 2007.
Anyone who buys the OCHL shares on or before 17 August 2007 is entitled to the Rights for "free". What this means is that each share has the "Right" to buy 3 more shares at 14/- each. The shareholders as of 17 August 2007 will receive a Memorandum of Information (MoI) that includes forms to apply/assign/transfer/sell these Rights.
The Rights will then trade separately from the underlying shares. (I do not have the timetable but I think the last day to apply for the shares is 3 September 2007). Anyone can buy the Rights at a "premium" then exercise them at 14/- in exchange for "new" shares. To buy Rights, an investor needs to contact their broker & ask them to buy Rights from the market.
PLEASE SEND ME A TIMETABLE IF YOU HAVE ACCESS TO ONE.
Sunday, August 12, 2007
Olympia Capital Holdings announces Rights price...
OCHL has announced the Rights price at 14/- per share. I was expecting 10/- but the 14/- is a 30% discount to the current market price of 20/-.
The shares should trade Cum Rights for a few days until they trade Ex-rights but that need to be decided by the CMA, NSE & OCHL.
OCHL would raise a (gross) KShs 420mn if all the shares are taken up. The current "excess liquidity" on the NSE may bode well for them since the KenRe IPO was over-subscribed & the refunds should start flowing in soon.
The shares should trade Cum Rights for a few days until they trade Ex-rights but that need to be decided by the CMA, NSE & OCHL.
OCHL would raise a (gross) KShs 420mn if all the shares are taken up. The current "excess liquidity" on the NSE may bode well for them since the KenRe IPO was over-subscribed & the refunds should start flowing in soon.
Nakumatt eyes Ugandan chain?
Considering Nakumatt's expansion plans across E&C Africa as well as its intention of going public in 2009... this seems an ideal opportunity to expand & gain instant market share in Uganda .
Uchumi has one branch in Kampala but can ill-afford to expand further... After what seems to be another failed attempt to raise additional funds from existing shareholders, it may have to shut down OR find a strategic investor to turn it around.
And just 10 years ago, Uchumi Supermarkets was one of Kenya's most profitable firms, under the then MD - Suresh Shah, paying hefty dividends... but it went downhill fast after chris kirubi & company took over...
That opened the door for the rapid expansion of Nakumatt since many suppliers quit supplying Uchumi. Even though Uchumi has a branch in Kampala, the continuing inancial problems at home will affect them in Uganda... whereas Nakumatt is raring to expand in East Africa.
Uchumi has one branch in Kampala but can ill-afford to expand further... After what seems to be another failed attempt to raise additional funds from existing shareholders, it may have to shut down OR find a strategic investor to turn it around.
And just 10 years ago, Uchumi Supermarkets was one of Kenya's most profitable firms, under the then MD - Suresh Shah, paying hefty dividends... but it went downhill fast after chris kirubi & company took over...
That opened the door for the rapid expansion of Nakumatt since many suppliers quit supplying Uchumi. Even though Uchumi has a branch in Kampala, the continuing inancial problems at home will affect them in Uganda... whereas Nakumatt is raring to expand in East Africa.
For the Obama fans... the Obama Girl...
Tuesday, August 07, 2007
Are all Telekoms or Telkoms the same the world over?
Telekom of Germany... and the model who wants to quit...
So Telkom (Kenya) & Telkom (S.Africa) are in good company regarding the (non)provision of services!
So Telkom (Kenya) & Telkom (S.Africa) are in good company regarding the (non)provision of services!
Friday, August 03, 2007
Business Process Outsourcing...
So Kenya wants to be a prime candidate for the BPO industry... Well, a lot needs to be done and only a concerted effort by the private sector aided by the public sector will do...
Other Bangalore Wannabes (from Business Week)
Mauritius has a leg up on Kenya with better communications, bilingual population, tie with Indian firms (Infosys has already set up in the country) & enlightened leadership.
Other Anglophone countries that are in the market for additional business are Sri Lanka & Pakistan. In addition, the proximity to India (#1 BPO centre) makes the transition easier. The Philippines is another country with a substantial BPO sector. All the countries above also have a decent base to recruit IT graduates.
Senegal restructured its telecom network to tap into the Francophone BPO sector.
Other Bangalore Wannabes (from Business Week)
Mauritius has a leg up on Kenya with better communications, bilingual population, tie with Indian firms (Infosys has already set up in the country) & enlightened leadership.
Other Anglophone countries that are in the market for additional business are Sri Lanka & Pakistan. In addition, the proximity to India (#1 BPO centre) makes the transition easier. The Philippines is another country with a substantial BPO sector. All the countries above also have a decent base to recruit IT graduates.
Senegal restructured its telecom network to tap into the Francophone BPO sector.
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