Ipahco

The day's note

Every company on the Nairobi exchange, and what this platform can say about it from what it actually holds. Prices to the close on 30 October 2026.

There is no target price on this page, and no written rationale.

A target price comes from a valuation model run over a company's accounts by someone who has read them. We hold no accounts — no earnings, no share counts, no book values — so any figure we printed there would be invented, and invented exactly where you are most likely to act on it. The twelve-month range is shown instead: it says where the price has been, which is a fact. Everything in the last column is computed from recorded prices, recorded volumes, and dividends the depository published, so each line can be checked against a source.

Nothing here is an instruction to buy or sell, and Ipahco is not a licensed research house.

Past notes 91-day Treasury bill: 8.75% — what a yield below this is competing with.

Africa Mega Agri Corp Plc AMAC 305.50

YTD +324.3% 12m 58.75–395.00

• Trend ended 29 Oct — it closed below the trend baseline.
• Thinly traded — KES 72,773 changed hands on 30 Oct.

Athi River Mining ARM 5.55

YTD 0.0% 12m 5.55–5.55

• Thinly traded — KES 0 changed hands on 30 Oct.

Bamburi Cement BAMB 54.00

YTD 0.0% 12m 54.00–54.00

• Thinly traded — KES 0 changed hands on 30 Oct.

Bank of Kigali BKG 58.00

YTD +36.5% 12m 35.80–70.00

• Traded 1.7× its 20-day average on 30 Oct.

BOC Kenya BOC 188.00

YTD +48.0% 12m 115.00–205.00 Yield 2.13%

• Trend ended 17 Sep — it closed below the trend baseline.
• Traded 2.3× its 20-day average on 30 Oct.

Britam Holdings BRIT 18.15

YTD +99.5% 12m 8.20–22.30

• Trend ended 16 Sep — it closed below the trend baseline.

East African Cables CABL 1.71

YTD 0.0% 12m 1.71–1.71

• Thinly traded — KES 0 changed hands on 30 Oct.

Car & General (Kenya) CGEN 241.75

YTD +374.0% 12m 47.30–409.00 Yield 0.05%

• Trend ended 16 Sep — it closed below the trend baseline.

Crown Paints Kenya CRWN 60.00

YTD +10.1% 12m 46.60–70.75 Yield 5.20%

• Trend ended 15 Sep — it closed below the trend baseline.

Centum Investment CTUM 16.95

YTD +22.4% 12m 12.20–19.50

• Trend ended 5 Oct — it closed below the trend baseline.

Deacons (East Africa) Plc DCON 0.45

YTD 0.0% 12m 0.45–0.45

• Thinly traded — KES 0 changed hands on 30 Oct.

Diamond Trust Bank Kenya DTK 181.25

YTD +58.3% 12m 104.00–198.50

• Trend ended 17 Sep — it closed below the trend baseline.

East African Breweries EABL 266.25

YTD +1.2% 12m 215.00–351.00 Yield 3.27%

• Trend ended 21 Oct — it closed below the trend baseline.

Eaagads EGAD 28.00

YTD +36.3% 12m 16.50–37.00 Yield 10.71%

• Thinly traded — KES 18,340 changed hands on 30 Oct.

Equity Group Holdings EQTY 96.25

YTD +44.2% 12m 59.00–109.00 Yield 5.97%

• Trend ended 14 Oct — it closed below the trend baseline.

Eveready East Africa EVRD 1.00

YTD -21.3% 12m 0.50–1.43

• Traded 1.6× its 20-day average on 30 Oct.

Flame Tree Group Holdings FTGH 2.03

YTD +29.3% 12m 1.40–3.00

• Traded 1.8× its 20-day average on 30 Oct.
• Thinly traded — KES 111,608 changed hands on 30 Oct.

New Gold Issuer (RP) Ltd GLD 4,895.00

YTD -8.8% 12m 4,895.00–5,415.00

• Thinly traded — KES 107,690 changed hands on 30 Oct.

Homeboyz Entertainment Plc HBE 4.66

YTD 0.0% 12m 4.66–4.66

• Thinly traded — KES 0 changed hands on 30 Oct.

HF Group HFCK 12.15

YTD +22.0% 12m 8.50–13.60

• Trend ended 16 Sep — it closed below the trend baseline.

I&M Group IMH 81.25

YTD +91.4% 12m 41.20–92.00 Yield 11.08%

• Buys trend triggered 12 Oct, awaiting volume verification.
• Trend ended 23 Oct — it closed below the trend baseline.

Jubilee Holdings JUB 399.00

YTD +19.1% 12m 300.25–437.75 Yield 3.76%

• Trend ended 17 Sep — it closed below the trend baseline.
• Thinly traded — KES 71,415 changed hands on 30 Oct.

Kapchorua Tea Kenya KAPC 335.00

YTD +44.7% 12m 198.00–400.00

• Thinly traded — KES 85,600 changed hands on 30 Oct.

Kenya Pipeline Company KPC 15.10

YTD +65.6% 12m 8.70–16.60

• Buys trend triggered 22 Oct, awaiting volume verification.
• Traded 5.2× its 20-day average on 30 Oct.

Kakuzi KUKZ 422.75

YTD +5.8% 12m 370.00–460.00 Yield 3.78%

• Trend ended 5 Oct — it closed below the trend baseline.
• Thinly traded — KES 46,467 changed hands on 30 Oct.

Kurwitu Ventures KURV 1,355.00

YTD -9.7% 12m 1,220.00–1,500.00

• Traded 1.6× its 20-day average on 30 Oct.
• Thinly traded — KES 17,615 changed hands on 30 Oct.

Laptrust Imara I-REIT LAPR 20.00

YTD 0.0% 12m 20.00–20.00 Yield 0.65%

• Thinly traded — KES 0 changed hands on 30 Oct.

Liberty Insurance LBTY 9.40

YTD -6.9% 12m 8.14–10.95 Yield 5.32%

• Thinly traded — KES 96,704 changed hands on 30 Oct.

Limuru Tea LIMT 520.00

YTD +13.0% 12m 385.00–555.00

• Thinly traded — KES 1,040 changed hands on 30 Oct.

Longhorn Publishers LKL 2.89

YTD -0.3% 12m 2.39–3.50

• Thinly traded — KES 44,500 changed hands on 30 Oct.

Mumias Sugar Co. Ltd MSC 0.27

YTD 0.0% 12m 0.27–0.27

• Thinly traded — KES 0 changed hands on 30 Oct.

National Bank of Kenya Ltd NBK 4.12

YTD 0.0% 12m 4.12–4.12

• Thinly traded — KES 0 changed hands on 30 Oct.

Nairobi Business Ventures NBV 1.27

YTD -13.6% 12m 1.20–1.69

• Thinly traded — KES 48,489 changed hands on 30 Oct.

NCBA Group NCBA 88.00

YTD +4.8% 12m 76.00–100.00

• Trend ended 16 Sep — it closed below the trend baseline.
• Thinly traded — KES 0 changed hands on 30 Oct.

Nation Media Group NMG 14.50

YTD +15.5% 12m 11.60–18.00

• Trend ended 17 Sep — it closed below the trend baseline.
• Thinly traded — KES 15,124 changed hands on 30 Oct.

Olympia Capital Holdings OCH 21.50

YTD +161.6% 12m 6.00–23.70

• Buys trend triggered 28 Oct, awaiting volume verification.
• Traded 2.4× its 20-day average on 30 Oct.

East African Portland Cement PORT 113.25

YTD +54.1% 12m 55.25–123.75

• Trend ended 26 Oct — it closed below the trend baseline.
• Traded 2.2× its 20-day average on 30 Oct.
• Thinly traded — KES 213,772 changed hands on 30 Oct.

Sasini SASN 22.70

YTD +27.2% 12m 17.05–33.90

• Thinly traded — KES 30,321 changed hands on 30 Oct.

WPP Scangroup SCAN 1.87

YTD -26.7% 12m 1.80–2.91

• Thinly traded — KES 91,418 changed hands on 30 Oct.

Standard Group SGL 6.20

YTD +2.6% 12m 5.32–6.76

• Buys trend triggered 6 Oct, awaiting volume verification.
• Trend ended 13 Oct — it closed below the trend baseline.
• Thinly traded — KES 10,242 changed hands on 30 Oct.

Shri Krishana Overseas SKL 13.85

YTD +69.7% 12m 7.28–21.60

• Trend ended 28 Sep — it closed below the trend baseline.
• Thinly traded — KES 32,160 changed hands on 30 Oct.

Sanlam Kenya SLAM 9.20

YTD +8.7% 12m 7.40–11.00

• Thinly traded — KES 50,445 changed hands on 30 Oct.

Sameer Africa Ltd SMER 15.50

YTD +8.8% 12m 12.00–21.50

• Trend ended 15 Sep — it closed below the trend baseline.
• Thinly traded — KES 103,505 changed hands on 30 Oct.

Satrix MSCI World Feeder ETF SMWF 950.00

YTD +11.6% 12m 776.00–1,210.00

• Thinly traded — KES 184,195 changed hands on 30 Oct.

Trans-Century TCL 1.12

YTD 0.0% 12m 1.12–1.12

• Thinly traded — KES 0 changed hands on 30 Oct.

TotalEnergies Marketing Kenya TOTL 45.80

YTD +18.8% 12m 34.80–52.00 Yield 7.53%

• Trend ended 16 Sep — it closed below the trend baseline.
• Thinly traded — KES 246,927 changed hands on 30 Oct.

TPS Eastern Africa (Serena) TPSE 18.00

YTD +20.8% 12m 13.55–19.80 Yield 1.94%

• Trend ended 28 Sep — it closed below the trend baseline.
• Thinly traded — KES 3,604 changed hands on 30 Oct.

TRIFIC Green USD IREIT TRFC 1.27

YTD +3.3% 12m 1.23–1.27

• Traded 9.4× its 20-day average on 30 Oct.
• Thinly traded — KES 10,160 changed hands on 30 Oct.

Umeme UMME 5.84

YTD -14.1% 12m 5.22–9.46

• Thinly traded — KES 137,135 changed hands on 30 Oct.

Unga Group UNGA 33.15

YTD +42.9% 12m 21.50–50.00

• Trend ended 17 Sep — it closed below the trend baseline.

Williamson Tea Kenya WTK 149.75

YTD +0.2% 12m 129.00–211.75

• Thinly traded — KES 188,750 changed hands on 30 Oct.

Express Kenya XPRS 7.74

YTD +4.6% 12m 6.22–8.44

• Buys trend triggered 27 Oct, awaiting volume verification.
• Trend ended 30 Oct — it closed below the trend baseline.
• Thinly traded — KES 21,196 changed hands on 30 Oct.

Company	YTD	Price	12-month range	Yield	What the rules say
Africa Mega Agri Corp Plc AMAC	+324.3%	305.50	58.75 – 395.00 73% of the way up it	—	• Trend ended 29 Oct — it closed below the trend baseline. • Thinly traded — KES 72,773 changed hands on 30 Oct.
Athi River Mining ARM	0.0%	5.55	5.55 – 5.55	—	• Thinly traded — KES 0 changed hands on 30 Oct.
Bamburi Cement BAMB	0.0%	54.00	54.00 – 54.00	—	• Thinly traded — KES 0 changed hands on 30 Oct.
Bank of Kigali BKG	+36.5%	58.00	35.80 – 70.00 65% of the way up it	—	• Traded 1.7× its 20-day average on 30 Oct.
BOC Kenya BOC	+48.0%	188.00	115.00 – 205.00 81% of the way up it	2.13% KES 4.00 declared	• Trend ended 17 Sep — it closed below the trend baseline. • Traded 2.3× its 20-day average on 30 Oct.
Britam Holdings BRIT	+99.5%	18.15	8.20 – 22.30 71% of the way up it	—	• Trend ended 16 Sep — it closed below the trend baseline.
East African Cables CABL	0.0%	1.71	1.71 – 1.71	—	• Thinly traded — KES 0 changed hands on 30 Oct.
Car & General (Kenya) CGEN	+374.0%	241.75	47.30 – 409.00 54% of the way up it	0.05% KES 0.13 declared	• Trend ended 16 Sep — it closed below the trend baseline.
Crown Paints Kenya CRWN	+10.1%	60.00	46.60 – 70.75 55% of the way up it	5.20% KES 3.12 declared	• Trend ended 15 Sep — it closed below the trend baseline.
Centum Investment CTUM	+22.4%	16.95	12.20 – 19.50 65% of the way up it	—	• Trend ended 5 Oct — it closed below the trend baseline.
Deacons (East Africa) Plc DCON	0.0%	0.45	0.45 – 0.45	—	• Thinly traded — KES 0 changed hands on 30 Oct.
Diamond Trust Bank Kenya DTK	+58.3%	181.25	104.00 – 198.50 82% of the way up it	—	• Trend ended 17 Sep — it closed below the trend baseline.
East African Breweries EABL	+1.2%	266.25	215.00 – 351.00 38% of the way up it	3.27% KES 8.70 declared	• Trend ended 21 Oct — it closed below the trend baseline.
Eaagads EGAD	+36.3%	28.00	16.50 – 37.00 56% of the way up it	10.71% KES 3.00 declared	• Thinly traded — KES 18,340 changed hands on 30 Oct.
Equity Group Holdings EQTY	+44.2%	96.25	59.00 – 109.00 75% of the way up it	5.97% KES 5.75 declared	• Trend ended 14 Oct — it closed below the trend baseline.
Eveready East Africa EVRD	-21.3%	1.00	0.50 – 1.43 54% of the way up it	—	• Traded 1.6× its 20-day average on 30 Oct.
Flame Tree Group Holdings FTGH	+29.3%	2.03	1.40 – 3.00 39% of the way up it	—	• Traded 1.8× its 20-day average on 30 Oct. • Thinly traded — KES 111,608 changed hands on 30 Oct.
New Gold Issuer (RP) Ltd GLD	-8.8%	4,895.00	4,895.00 – 5,415.00 0% of the way up it	—	• Thinly traded — KES 107,690 changed hands on 30 Oct.
Homeboyz Entertainment Plc HBE	0.0%	4.66	4.66 – 4.66	—	• Thinly traded — KES 0 changed hands on 30 Oct.
HF Group HFCK	+22.0%	12.15	8.50 – 13.60 72% of the way up it	—	• Trend ended 16 Sep — it closed below the trend baseline.
I&M Group IMH	+91.4%	81.25	41.20 – 92.00 79% of the way up it	11.08% KES 9.00 declared	• Buys trend triggered 12 Oct, awaiting volume verification. • Trend ended 23 Oct — it closed below the trend baseline.
Jubilee Holdings JUB	+19.1%	399.00	300.25 – 437.75 72% of the way up it	3.76% KES 15.00 declared	• Trend ended 17 Sep — it closed below the trend baseline. • Thinly traded — KES 71,415 changed hands on 30 Oct.
Kapchorua Tea Kenya KAPC	+44.7%	335.00	198.00 – 400.00 68% of the way up it	—	• Thinly traded — KES 85,600 changed hands on 30 Oct.
Kenya Pipeline Company KPC	+65.6%	15.10	8.70 – 16.60 81% of the way up it	—	• Buys trend triggered 22 Oct, awaiting volume verification. • Traded 5.2× its 20-day average on 30 Oct.
Kakuzi KUKZ	+5.8%	422.75	370.00 – 460.00 59% of the way up it	3.78% KES 16.00 declared	• Trend ended 5 Oct — it closed below the trend baseline. • Thinly traded — KES 46,467 changed hands on 30 Oct.
Kurwitu Ventures KURV	-9.7%	1,355.00	1,220.00 – 1,500.00 48% of the way up it	—	• Traded 1.6× its 20-day average on 30 Oct. • Thinly traded — KES 17,615 changed hands on 30 Oct.
Laptrust Imara I-REIT LAPR	0.0%	20.00	20.00 – 20.00	0.65% KES 0.13 declared	• Thinly traded — KES 0 changed hands on 30 Oct.
Liberty Insurance LBTY	-6.9%	9.40	8.14 – 10.95 45% of the way up it	5.32% KES 0.50 declared	• Thinly traded — KES 96,704 changed hands on 30 Oct.
Limuru Tea LIMT	+13.0%	520.00	385.00 – 555.00 79% of the way up it	—	• Thinly traded — KES 1,040 changed hands on 30 Oct.
Longhorn Publishers LKL	-0.3%	2.89	2.39 – 3.50 45% of the way up it	—	• Thinly traded — KES 44,500 changed hands on 30 Oct.
Mumias Sugar Co. Ltd MSC	0.0%	0.27	0.27 – 0.27	—	• Thinly traded — KES 0 changed hands on 30 Oct.
National Bank of Kenya Ltd NBK	0.0%	4.12	4.12 – 4.12	—	• Thinly traded — KES 0 changed hands on 30 Oct.
Nairobi Business Ventures NBV	-13.6%	1.27	1.20 – 1.69 14% of the way up it	—	• Thinly traded — KES 48,489 changed hands on 30 Oct.
NCBA Group NCBA	+4.8%	88.00	76.00 – 100.00 50% of the way up it	—	• Trend ended 16 Sep — it closed below the trend baseline. • Thinly traded — KES 0 changed hands on 30 Oct.
Nation Media Group NMG	+15.5%	14.50	11.60 – 18.00 45% of the way up it	—	• Trend ended 17 Sep — it closed below the trend baseline. • Thinly traded — KES 15,124 changed hands on 30 Oct.
Olympia Capital Holdings OCH	+161.6%	21.50	6.00 – 23.70 88% of the way up it	—	• Buys trend triggered 28 Oct, awaiting volume verification. • Traded 2.4× its 20-day average on 30 Oct.
East African Portland Cement PORT	+54.1%	113.25	55.25 – 123.75 85% of the way up it	—	• Trend ended 26 Oct — it closed below the trend baseline. • Traded 2.2× its 20-day average on 30 Oct. • Thinly traded — KES 213,772 changed hands on 30 Oct.
Sasini SASN	+27.2%	22.70	17.05 – 33.90 34% of the way up it	—	• Thinly traded — KES 30,321 changed hands on 30 Oct.
WPP Scangroup SCAN	-26.7%	1.87	1.80 – 2.91 6% of the way up it	—	• Thinly traded — KES 91,418 changed hands on 30 Oct.
Standard Group SGL	+2.6%	6.20	5.32 – 6.76 61% of the way up it	—	• Buys trend triggered 6 Oct, awaiting volume verification. • Trend ended 13 Oct — it closed below the trend baseline. • Thinly traded — KES 10,242 changed hands on 30 Oct.
Shri Krishana Overseas SKL	+69.7%	13.85	7.28 – 21.60 46% of the way up it	—	• Trend ended 28 Sep — it closed below the trend baseline. • Thinly traded — KES 32,160 changed hands on 30 Oct.
Sanlam Kenya SLAM	+8.7%	9.20	7.40 – 11.00 50% of the way up it	—	• Thinly traded — KES 50,445 changed hands on 30 Oct.
Sameer Africa Ltd SMER	+8.8%	15.50	12.00 – 21.50 37% of the way up it	—	• Trend ended 15 Sep — it closed below the trend baseline. • Thinly traded — KES 103,505 changed hands on 30 Oct.
Satrix MSCI World Feeder ETF SMWF	+11.6%	950.00	776.00 – 1,210.00 40% of the way up it	—	• Thinly traded — KES 184,195 changed hands on 30 Oct.
Trans-Century TCL	0.0%	1.12	1.12 – 1.12	—	• Thinly traded — KES 0 changed hands on 30 Oct.
TotalEnergies Marketing Kenya TOTL	+18.8%	45.80	34.80 – 52.00 64% of the way up it	7.53% KES 3.45 declared	• Trend ended 16 Sep — it closed below the trend baseline. • Thinly traded — KES 246,927 changed hands on 30 Oct.
TPS Eastern Africa (Serena) TPSE	+20.8%	18.00	13.55 – 19.80 71% of the way up it	1.94% KES 0.35 declared	• Trend ended 28 Sep — it closed below the trend baseline. • Thinly traded — KES 3,604 changed hands on 30 Oct.
TRIFIC Green USD IREIT TRFC	+3.3%	1.27	1.23 – 1.27 100% of the way up it	—	• Traded 9.4× its 20-day average on 30 Oct. • Thinly traded — KES 10,160 changed hands on 30 Oct.
Umeme UMME	-14.1%	5.84	5.22 – 9.46 15% of the way up it	—	• Thinly traded — KES 137,135 changed hands on 30 Oct.
Unga Group UNGA	+42.9%	33.15	21.50 – 50.00 41% of the way up it	—	• Trend ended 17 Sep — it closed below the trend baseline.
Williamson Tea Kenya WTK	+0.2%	149.75	129.00 – 211.75 25% of the way up it	—	• Thinly traded — KES 188,750 changed hands on 30 Oct.
Express Kenya XPRS	+4.6%	7.74	6.22 – 8.44 68% of the way up it	—	• Buys trend triggered 27 Oct, awaiting volume verification. • Trend ended 30 Oct — it closed below the trend baseline. • Thinly traded — KES 21,196 changed hands on 30 Oct.

52 of 72 companies. A yield is what was declared in the last twelve months against today's price — not a forecast of the next one.