NSE update

NSE has gained 10% on its opening position on Monday as investors see the light at the end of the tunnel on the political front. Given;

1. its the results season and bumper dividends, bonus issues and even rights issues are expected to be announced
2. other longer-types of investments are on-hold because of the ethnic cleansingthe NSE should bounce back to its 5,500 level IF a mutually agreeable position is found next week.

EA Cable announced 41% rise in its PBT, against a background of rising copper prices and increased finance costs due to its loan for its new plant in Industrail Area. At current share price, there is an instant 10% gain to be made over the next month not to mention a DPS of 90 cents. Fibre optics will be here next yr, so its also worth it for medium and long-term investors.

Unga announced yet another earnings warning, no surprise given the RV upheavals.

Sassini is begging the CMA not to fine it for being late with its annual results. Kwani? Its as if it didn't know that year end had arrived...