NAIROBI CITY COUNCIL THE GIANT IN SLUMBER
Nairobi City Council, the giant in slumber, has its first AUDITED accounts in the last ten years. Is this a sign of light at the end of the tunnel ? I believe charity begins at home and Nairobi is the gate to Kenya and therefore our mirror of ourselves and the rest of the country. Nairobi should lead so that the others can follow. The shacks, hobbles and potholes are an insult to the aesthetics. The litter, uncollected garbage leaking sewers etc. affect the environment of which we are part of and ultimately impacts on our performance: the Government, the ministers, the PSs, the Corporates, International bodies etc. Remember it is the headquarters of almost everything ! As long as Nairobi has not put its act together the rest of the country wont. Over to you M. K.
EVEREADY WHIMPER
Where Kengen and Scangroup first day at the bourse was with a bang, yesterday Eveready cut its teeth with a whimper. 13,000 shares were traded at Shs. 11. Second day trading though show that it is NSE that goofed !
MUMIAS SOUTH
Mumias share offer deadline has been extended for 3 days to stave off the possibility of under-subscription. It is the first offer since Kengen to head South. Although some analysts blame delayed Eveready refunds, I doubt this is the main factor. First Mumias is not an IPO and does not conform to the time tested concept of buy at the floor. Secondly it is competing with Eveready and Stanbic Uganda IPO. Treasury and CMA need to start staggering offers to avoid the kind of overlapping that is there at the moment. Note Mumias will start trading on January 30 2007. No one wants to tie their money that long while the same share is trading on the bourse. If you visit any broker now you will realize the interest is on Eveready refunds and Stanbic Uganda IPO. Only the Institutions can save Mumias. This is their chance though. Remember Kengen and the complaint of retail investors overcrowding the gravvy train !
Nairobi City Council, the giant in slumber, has its first AUDITED accounts in the last ten years. Is this a sign of light at the end of the tunnel ? I believe charity begins at home and Nairobi is the gate to Kenya and therefore our mirror of ourselves and the rest of the country. Nairobi should lead so that the others can follow. The shacks, hobbles and potholes are an insult to the aesthetics. The litter, uncollected garbage leaking sewers etc. affect the environment of which we are part of and ultimately impacts on our performance: the Government, the ministers, the PSs, the Corporates, International bodies etc. Remember it is the headquarters of almost everything ! As long as Nairobi has not put its act together the rest of the country wont. Over to you M. K.
EVEREADY WHIMPER
Where Kengen and Scangroup first day at the bourse was with a bang, yesterday Eveready cut its teeth with a whimper. 13,000 shares were traded at Shs. 11. Second day trading though show that it is NSE that goofed !
MUMIAS SOUTH
Mumias share offer deadline has been extended for 3 days to stave off the possibility of under-subscription. It is the first offer since Kengen to head South. Although some analysts blame delayed Eveready refunds, I doubt this is the main factor. First Mumias is not an IPO and does not conform to the time tested concept of buy at the floor. Secondly it is competing with Eveready and Stanbic Uganda IPO. Treasury and CMA need to start staggering offers to avoid the kind of overlapping that is there at the moment. Note Mumias will start trading on January 30 2007. No one wants to tie their money that long while the same share is trading on the bourse. If you visit any broker now you will realize the interest is on Eveready refunds and Stanbic Uganda IPO. Only the Institutions can save Mumias. This is their chance though. Remember Kengen and the complaint of retail investors overcrowding the gravvy train !
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9:10 AM
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