COMMENTARIES & OPINIONS
Dividend Hunting at the NSE
Over the recent weeks NSE listed companies have been releasing their full year results for 2008 and most of them have announced dividends for their shareholder. In this bear ridden NSE that has seen the decline of capital gains to nil, the only thing remaining is investing in stocks with good dividend payout culture. This [...]
Comparative Analysis of Top Four NSE Banks FY2008 Results: Stanchart, Barclays, KCB & Equity
2008 was one tricky year for the financial sector world wide and particularly in Kenya. The year opened on a violent note for Kenyans after a botched general election and went on to several global calamities from rising oil and food prices to the global financial crisis. Despite all these, Kenyan listed banks/financial institutions have [...]
Private Placement + Kenyan Investors = Failure
It seems private placements may not be the way to go for Kenyan firms. Although it’s an easier cheaper means for small and medium sized firms to raise funds for expansion or operations, than an IPO, it has proved to be a tough sell for most Kenyan firms (or it’s tough to sell to Kenya’s [...]
Why CMA Assurance Don’t Mean Much to You
As the NSE 20 shares index dropped below the psychological 3,000 mark mid last week, the CMA was out to assure investors that all was well. In a press statement, CMA indicated that the NSE bear trend is not unique and it’s a common phenomenon being experienced globally. The CMA further advised investors, most of [...]
Why you should sell that losing stock!!
When an investor puts their money on any particular stock, the expectation is for the price to appreciate. Even when an investor lacks a basic understanding of the market, his or her intention is for one day to sell the stock at a premium. Some clients have been known to pray for the gods [...]
Bills & Bonds: The New Investment Vehicles
In December last year the Central bank of Kenya (CBK) lowered the minimum investment amount of Treasury Bills from Ksh.1 million to Ksh.100,000, which became effective as from January 1, 2009. This was a much needed change since the increase of the minimum amount in 1997 from Ksh.50,000 to Ksh.1 million. with the stock exchange [...]
The Evolving Role of a Fund Manager
The Nairobi Stock Exchange has been with us for over half a century now. Initially started on very humble grounds whereby trading used to take place at the now new Stanley Hotel, hence the Exchange Bar room in the hotel. By then stock market was known to a few and not many cared to understand [...]
Cooked Books: Accuracy & Reliability of NSE Financial Announcements
Another major financial scandal involving India’s Satyam Computer Services, world’s third largest IT outsourcing company, has once again rocked the global financial world. This coming in the middle of a global financial crisis, market pundits here in Kenya are questioning the veracity of financial statements and company information churned out by listed Nairobi Stock Exchange [...]
State of the NSE in 2008
2008 was one year Kenyans and the rest of the world would remember for mostly the bad reasons. The year opened on a violent note for Kenyans after a botched general election that left the country divided on tribal and political affiliations. Once the political impasse was ‘resolved’, the year opened up to several global [...]
Why Bail Out Pan Paper?
Last year when the budget was read and a 120% tax was imposed on plastic bags the future looked bright for Pan Africa Paper Mills ltd – one of the largest papers milling company in Africa, with a 60% hold on the East African market. The tax was going to provide a lifeline to the [...]
