Bullish
Thoughts
It’s already two
weeks into the New Year 2012 and it has somewhat been a slow start on the
equities but then, perhaps January disease also caught onto the market.
The stock market
is still trading light so let’s share some light hearted developments.
Pizza
Sliced in the stomach
Bullish Thoughts
started the food year on a sour note. Not that he has anything against the
Chicken Slice/ Pizza Slice guys. For the record, Bullish Thoughts liked the way
they upstaged Innscor fast foods particularly with that Mvuma outlet.
Bullish Thoughts
is not a conventional food critic but he just likes his food to taste and look
well.
So after having
tried the Chicken Slice in 2011 and finding it comparing reasonably well with
Chicken Inn, he decided to have a peri peri Pizza Slice…the favourite from
Pizza Inn.
That was the
worst pizza Bullish Thoughts has ever eaten. It was like eating rubber with
curry powder. The worse thing was that the grit from the curry was so
pronounced. Worse still, the additional order of hot wings was with mildly done
French fries and “hot” wings that were hot in temperature not flavor with
chilli sauce being “poured” so that your Bullish Thoughts could dip the wings
in there and then eat them. Argrrrrrrrrrrrrrrrrrrrrh!
Gotta say, the
Slice guys need to up the game seriously particularly with the horrible parking
space at the Samora Machel outlet!
Zimbabwe’s
economy is ticking
Xmas cheer is
back! Bullish Thoughts was in rural Chivhu, Madamombe for the celebrations of
the birth of Jesus Christ. This was after having gone on holiday a week earlier
with the “junta” and kids and meeting some visiting tourists from Liverpool
& Manchester at what Bullish Thoughts thought was a simple Chengeta.
After having
travelled a bit around the tourism facilities early December 2011and seeing
quite interesting occupancies as well, Bullish Thoughts sees self becoming a
regular domestic tourist and learning to appreciate the natural Zimbabwe than
have some “chaja julo” from thousands of kilometres away see the Kariba Dam
wall before he does.
The
Christmas of the old days
It always rained
on Christmas day when Bullish Thoughts was growing up. Being a rural boy
herding cattle and goats and as the youngest also, it meant no wearing of new
clothes on Christmas as they would be messed up by the rain.
Bullish Thoughts
remembers that his cousin brother who was a cook in the army would bring
scones, baked beans and “dog” biscuits (boy, they tasted great) which would be
shared during the lunch break by the gardens along Mutorahuku River and be
munched with children zest.
Of course lunch
was always with sour milk or wild mushrooms like “nhedzi” and or “huvhe”
because the numerous visitors would have eaten all the chicken leaving no stew
for you.
Bullish Thoughts
thinks this is why chicken is now only eaten in the evening in rural areas!
On Boxing Day, a
few teeth would be lost as the day was literally translated in meaning. The grazing
grounds were never short of guys who could build our mothers’ “breasts” and boy
did heads get punched when one dared to destroy anyone’s mother’s breast mound.
Later in the day,
the older brothers would come and swap you so that you could go to the shops
with your green $5 note with two women hammering the “duri”.
At the shops,
kids would huddle around in a corner of the shop with the notorious “gunguwo”
or black and white TV showing family friendly programmes. The $5 would have
bought a pair of pata patas, 1 packet Lobels Vanilla Creams (way before $1 for
2 came) and a coke that would be filled to the base with sea divers from the
Lobels packet.
That’s what
Bullish Thoughts saw this past Christmas; kids holding their 300ml cokes, $1
for 2s in hand and watching wrestling on satellite TV.
Their fathers
were sipping the deadly Kenge brew sitting outside beerhall with “Zvigeza” on
the prowl oblivious of the glamour in the cities.
And it rained on
Christmas!
God
is always there for you
Gotta say, God is
there for sure after the Australian lady survived the crocodile infested
Zambezi after a bungee jump went foul.
God is great!
Bullish Thoughts
hopes you will be great for Him too this year and for always!
2011
Fuel blues
Bullish Thoughts
feels sorry for the fuel makorokozas. Have used all the fuel while visiting all
the imaginable relatives over Christmas, Bullish Thoughts found all Chivhu
service stations dry (Total, Country Petroleum, Caltex, Convex, Exor).
So did many other
motorists.
The police had
surprisingly done a good job to prevent anyone with a container from buying
fuel in the hope of suffocating the black market.
Bullish Thoughts,
without fuel for the 141km to Harare had two choices; sleep in Chivhu and pray
for fuel deliveries to take place or hike 49km to Mvuma and buy fuel.
It turned out,
the US$ is precious and all drivers decided to follow the $5 to and fro journey
to Mvuma with their containers.
Economics of the
US$ indeed! No more rent seeking.
But Bullish
Thoughts was left wondering how owners of service stations did not stock up
adequate fuel for the festive period. It seemed it was not only Chivhu but
Victoria Falls area as well where petrol hit $15/5l.
Some
entrepreneurs “Havana ropa remari” (no eye for money)!
Elections
or not?
Bullish Thoughts says this is probably the year of mother of all
uncertainties investment wise if elections are going to be the major variable
for investment decisions.
Last year it was impossible to have the elections but this year no one
knows.
Worse still, the party that had been crying for elections no longer
wants them.
The obvious downside of all this is that with risk aversion on emerging
markets on the back of crisis in the Eurozone, capital raising will be even
more difficult.
Bullish Thoughts is quite sure there will be more casualties
operationally on the bourse apart from the miners.
Still on the ZSE, one hopes the ZSE or SEC will do something about the
continued listing of all those companies with market cap below $1.5m.
Invest
Wisely!
**The author
of this report does not hold shares in any of the companies discussed/
mentioned in this report.
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