If you like bears, then you’ll be enjoying this season. The FTSE officially entered Bear territory jana after falling 20% since its peak late last yr. Things are so gloomy, guys are already leaving well paid unsecure jobs (aka in fixed income divisions of investment banks), to lower paid but more secure retail banking areas of the financial industry. Investing in shares is now an extremely money-losing proposition in the UK/US markets unless you are prepared to do the hard graft of research-that or invest in utilities and oil companies. And it'll be for the remainder of 2008 and most of 2009.
What is the difference between a strategic goal and a strategy?
NMG shareholders voted on a spilt at the end of May, yet the giant media group has yet set a date for when this will happen. A case of the famous 1 for 8 bonus shares by Standard group repeating itself perhaps?
Safaricom finally breached the KSh7 psychological barrier yesterday and with supply at almost 6 to 1 against demand, the bottom is not yet been reached so I continue to watch from the sidelines. However, if it does reach below Ksh6, then I must strike come what may.
And so it came to pass, that in the year 2008 of our of Lord Jesus Christ, one Amos Kimunya being of sound errr mind and body, stepped aside and thus lived to see another day. The truth is, our politicians are clowns down to a man and woman. And so are we Kenyans. On the day Amos resigned, everybody seems to have missed a statement from the Libyans which in effect confirmed that they had bought GRH. So the bigger underlying issue has not been resolved-the lack of a transparent sale of a public asset.
So its seems are Americans, I’d put this alongside the “I prefer this bush to Bush” T-shirt.