Saturday, March 13, 2021

TOYEBA YO: Remembering Josky Kiambukuta

 

Toyeba Yo by Franco & L’TPKO Jazz (1975)

Play Toyeba Yo  {Video} [DRC]

The Toyeba Yo clip we see here was played to a live audience on Tele Zaire, in Kinshasa, in 1975; and that is the year of ‘release’ we assign it here. Even as its tunes course through the cosmos still, in their cocoons of radio waves, we have reason to pause and remember. 

Thanks to the invaluable work of curator Aboubacar Siddikh, we have the following technical details of the role played by each band member in that fine, fine song:

“Vocals: Michèl Boyibanda, Josky Kiambukuta, Wuta Mayi, Sam Mangwana, Franco. Bass guitar: Mpudi Decca, rhythm guitar: Gégé Mangaya, solo guitar: Thierry Mantuika, mi-solo:Franco. Percussion: DuPoole, drums: Ntoya. Soloist on the alto sax: Dele Pedro” (Source: Aboubacar Siddikh).

Michèl Boyibanda sang, his name as musical as his voice. Josky Kiambukuta sang, too. His passing on March 7th, 2021 -- there in Kinshasa, the capital city of his beloved DRC -- is the reason for this recollection. Wuta Mayi sang as well. Sam Mangwana, the foot-loose Angolan, sang in that memorable voice, and song, as well. So did maestro Franco -- filling the entire screen with a presence that none of the others had. It was an all-star cast – a stellar system.  They are all unforgettable names, names remembered for a reason – for many reasons – for over four decades now (and soon five). And if the quality of the audio in the video version referenced above is below par, we are, thanks again to Aboubacar Siddikh, directed to a superior “studio version” of the audio – which surprisingly exists.

The televised version of Toyeba Yo, as of other outstanding songs of that era, is of great cinematic and historical significance, as it is probably the only extant video. This significance is undiminished by the graininess of the images or by the fact that the dancers’ motions noticeably frayed at the end, ‘distracted’ by a sudden and seemingly off-script jocularity[1].   

Harmony, rhythm, beat, melody – all of that the Toyeba Yo band knew how to handle and blend and create unheard-of tunes from. But the idea of on-stage choreography of body-texts was palpably alien to them. Perhaps this was because where and when they had launched their ‘gig enterprise’ did not require it. Their ‘founding’ (or earliest) fans, it seems, had from the very beginning suffered a similar failing, having only one agenda: to come hear their heroes sing and tease magical sounds out of their vaunted instruments – and to themselves dance, whichever fancied way, as their heroes played.

In the early days, then, there was no time and no need in anyone’s mind to watch them, the musicians, dance. That was something that they, the fans, could and should and wanted to do. That was their space, so to speak, which they populated with bold self-assurance, and self-reliance. That was their side of the bargain. It was as if the band dancing would somehow be, would have been, a sacrilege; for how does it dance rumba on the stage, with all its members facing the same way and with things to do? Dance, Rumba, was for the fans and for the floor.

With an obviously undernourished motivation to dance, the bands’ conception of a stage-act, such as was suddenly expected of them when they began to appear in the early Seventies on Tele Zaire (the national TV monopoly), remained visibly stunted. Their dance moves in the early days were akin to organized, spastic, chaos – a veritable cultural lag. It was as though the rhythm of the dancing body was an alien notion that did not matter to them at all, once they had fixed the melody of voice and the symphony of musical instruments played with such hidden feeling and multiplier effect – and handled with so much tender-loving care.  It was bewildering and even painful to watch their ‘discordant’ motions on TV.

But music TV clips are, historically, the foundations of music video, which are now ever-present. And so how the transition was successfully made from TV clips to clear-cut video clips is something worth pondering. There has most certainly been much improvement in recent years – if only, or mainly, because the “jazz band” and its look-alikes have generally disappeared from the stage, together with their instruments, or dutifully receded from view. This has left an increasingly virtual space to the triumphant singer-dancer (bare-handed and in fine ‘threads’), probably with one or two or a handful of other stars “featuring”, and in addition an anonymous supporting-cast of dancers, often (if female) scantily clad and posing.



[1] The visual offering was, as all can probably see now, patently ‘unschooled’. But the eyes of live audiences of the Tele Zaire era probably cancelled out the flaws, being themselves ‘unschooled’ in seeing what motions there were to see beyond the singing and instrument-playing heroes. Band members sang and played their instruments with so much fluency and synchronicity and authenticity, and infectious verve, that they ‘blocked’ all other views – even though they danced on the same stage as though it was all an afterthought and a distraction; as if, moreover, everyone was left to his own devices. Still, the grainy visuals and the poorly choreographed moves that we, equipped with a different way of seeing, have to bear with in the video version, are a distinctly valuable part of “the history” of African pop, broadly speaking, and #LingalaPop more specifically.

 

Monday, March 08, 2021

UNASHIG's Share Price and Market Capitalization of Holdings Quoted on the Nairobi Securities Exchange -- March 8th -- 12th, 2021

 Introduction

On March 8th, 2021, we formally started using this platform to give easier and wider access to a selection of day-to-day changes in the pegged price of Unashig's outstanding (i.e. issued) CA and CB shares, as well as the market capitalization of its portfolio of stocks quoted on the Nairobi Securities Exchange (NSE). The engagement continues.

We have previously conveyed this and certain related matters almost exclusively on WhatsApp, and shared them with a relatively small circle of interested persons (mostly Dons). Unashig's presence in a more expansive terrain should sooner rather than later prove more interactive -- and even more beneficial to an expanding shareholder-base, currently standing at 222.

The week's daily share-price, as well as the market capitalization of Unashig's holdings, is posted as at the close of each trading day. This intended week-by-week posting will be maintained as long as necessary. The posts are arranged from the most recent date, to as far back as we will be able to go.

Share Price and Market Capitalization on Specified Dates:

Friday, March 12th, 2021: Company's Share Price and Market Capitalization at Close of Day:

The market price of a Unashig share closed lower at KES 2,202.17 (or US$ 20.08, at the exchange rate of US$1=KES 109.65) than we saw on Thursday.  

On a YTD (i.e. Year-To-Date) basis, this Friday's closing price represented a gain of 7.83%, compared to the closing price of KES 2,042.35 recorded on December 31st, 2020. 

Friday's market capitalization was marginally lower than Thursday's as well, closing at KES 6,254,399.50 (or US$ 57,039.67). However, on a YTD basis, Friday's capitalization showed a gain of 12.49% over the capitalization level of KES 5,560,154.50 recorded at the end of year 2020. [Paragraph Updated: March 29th, 2021] 

Share prices do go up and down, offering opportunity at every dip or rally. But the quest for value addition calls for experience and insight -- and a "sturdy" focus. At Unashig, we are not day traders. And yet buying "the dip" has its attractions. It helps to reduce average prices and to improve yields, both at once; but works best when you have a steady flow of investible cash. When certain investors temporarily "go away", we jumbin!

We did not buy any quoted shares today, however, but fifteen additional Unashig shares were bought -- raising the total of outstanding shares to 2,840.11. 

Thursday, March 11th, 2021: Company's Share Price and Market Capitalization at Close of Day:

At the end of NSE trading this Thursday -- a day marred by some trading-platform "glitches" that we noted -- the market price of a Unashig share stood at KES 2,214.27 (or US$ 20.19, at the exchange rate of US$1=KES 109.65).   

Market capitalization closed slightly lower, at KES 6,255,570/- (or US$ 57,050.34). The level of capital gain over two years dipped somewhat to 10.71% (or 5.36% per year). 

Wednesday, March 10th, 2021: Company's Share Price and Market Capitalization at Close of Day:

Unashig's market price per share closed higher on Wednesday at KES 2,216.60 (or US$20.22, at the exchange rate of US$1=KES 109.65).  

Market capitalization was higher, as well, than it was on Tuesday. It stood at KES 6,262,138/- (or US$ 57,110.24), compared to Tuesday's KES 6,152,099/- (or US$ 56,132.29). The number of outstanding shares rose slightly to KES 2,825.11 (after we bought some shares on the bourse). A capital gain of 10.81% for the last two years or so was noted, compared to Tuesday's mark of 9.00%.

Tuesday, March 9th, 2021: Company's Share Price and Market Capitalization at Close of Day:

The pegged market price of a Unashig share was, this Tuesday, KES 2,179.96 (or US$ 19.89, at the prevailing rate of US$1=KES 109.60). This was lower than noted on Monday.

Likewise, market capitalization was lower than it was on Monday, standing at KES 6,152,099/- (or US$ 56,132.29), compared to KES 6,182,880.00 (or US$ 56,413.14). Total outstanding shares remained steady at 2,822.11. 

Monday, March 8th, 2021: Company's Share Price and Market Capitalization at Close of Day:

Today's market price of a Unashig CA or CB share was KES 2,190.87 (or US$ 20.00). Market capitalization closed at KES 6,182,880/- (or US 57,286.80) -- which was lower than the previous Friday's level of KES 6,278,633.50 (or US$ 57,286.80). This reflected a lower capital gain of 9.54%, over the last two years, than the 11.24% level registered last Friday. The sum of outstanding CA and CB shares remained the same, at 2822.11. 

READ: Earlier Share-Price and Market Capitalization Reports, up to March 5th, 2021.

READ: CDSC Statement of Unashig's Holdings at the NSE, at the end of February 2021.



UPDATED: 12:36 AM, Monday, March 15th, 2021. 

UNASHIG's Share Price and Market Valuation of Holdings Quoted on the Nairobi Securities Exchange _ March 5th, 2021

This blog post is created to give easier and wider access to a selection of day-to-day changes in the 'pegged' market price of Unashig's outstanding (i.e. issued) CA and CB shares. We have hitherto conversed on this and certain related matters almost exclusively on WhatsApp. Unashig's presence in a more expansive terrain should sooner or later prove more interactive and even more beneficial. 

The most recent market data, appearing as a synopsis on this page, refer to March 5th, 2021. Information on certain earlier dates is also simultaneously availed for the benefit of those who may find value in the short-term, and perhaps longer-term, trends implied therein.

Other archival data may subsequently be added to this page, or posted separately. Future price changes will feature, in one format or another, in future posts or on other platforms.

Friday, March 5th, 2021: Company's Share Price and Market Capitalization at Close of Day:

At close of trading day at the Nairobi Securities Exchange (NSE) on Friday, March 5th, the market price of a Unashig share (whether a CA or a CB share) -- as derived from the market value of the company's portfolio of securities quoted on the NSE -- rose slightly to KES 2,224.80 (or US$ 20.30 at the prevailing exchange rate). This represented a capital gain of 11.24% (which was a little higher than the previous day's 11.14%) over the par value of either class of shares of KES 2,000/- (or US$ 18.25 at the prevailing exchange rate). Counting from the beginning of 2019, the average gain was thus 5.62% per year.

Unashig's market capitalization was likewise higher than it was the previous day. It stood at KES 6,278,633.50 (or US$ 57,286.80 at the prevailing exchange rate), compared to the previous day's KES 6,272,971.50. However, the number of issued shares stayed at 2,822.11.

KES 2,224.80 (or US$ 20.30) was the new price at which one CA or CB share could be bought -- until the market posted a new price at the close of the trading day the following Monday.

LINK: The NSE Daily Price List 

LINK: UNASHIG: Pricing Formula for CA and CB Shares 

Do let us know if you need any further assistance to determine the amount that you should pay for the number of Unashig shares you wish to buy, or the number of shared you can purchase with the amount of cash you have.


Thursday, March 4th, 2021: Company's Share Price and Market Capitalization at Close of Day:

The price per share rose to KES 2,222.79 (or US $ 20.28), representing a capital gain of 11.14% over the par value of KES 2,000/-. On an annual basis, this represented an average gain of 5.57% per year since the beginning of 2019.

Unashig's market capitalization, based on prices quoted on the NSE, rose to KES 6,272,971.50 (or US$ 57,235.14).

The number of outstanding shares (i.e. all CA and CB shares so far issued) stayed at 2,822.11.

Wednesday, March 3rd, 2021: Company's Share Price and Market Capitalization at Close of Day:

The price per share -- that is, the price at which CA and CB shares could be bought -- rose marginally to KES 2,212.20, representing a gain of 10.61% over the par value of KES 2.000/-. Counting from the beginning of 2019, this represented an average gain of approximately 5.31% per year.

Unashig's market capitalization stood at KES 6,243,077.50. The total number of outstanding shares rose to 2,822.11. The noted increase in outstanding shares had a dampening effect on the average CA/CB share price, but it will not always do so.  

Tuesday, March 2nd, 2021: Company's Share Price and Market Capitalization at Close of Day:

The pegged price per outstanding share dropped a little to KES 2,211.67. This was reflected in a slightly reduced gain of 10.58% over the par value, during the two-year period since January 2019.

The company's market capitalization stood at KES 6,175,219.50, while the number of outstanding shares rose somewhat to 2,792.11(we bought some shares at the NSE).

For the first time, the market value of Unashig's holding of 51,700 Safaricom shares (@ KES 38.70, or US$ 0.35!) rose above the KES 2,000,000 (US$ 18,248.16) threshold, and stood at KES 2,000,790 (US$ 18,255.38).

Monday, March 1st, 2021: Company's Share Price and Market Capitalization at Close of Day:

Unashig's market value per CA/CB share was KES 2,216.72. This represented a gain of 10.84% over the par value of KES 2,000/- during the period since January 2019.

The company's market capitalization rose to KES 6,167,165 (or US$ 56,269.75), while the number of outstanding shares rose somewhat to 2,782.11 (we bought some shares at the NSE on that date).

Friday, February 26th, 2021: Company's Share Price and Market Capitalization at Close of Day:

Unashig's share price rose to KES 2,196.74, representing a gain of 9.84% over the par value. 

The company's market capitalization, based on the value of quoted holdings, stood at KES 6,093,985/- (or US$ 55,602.05). The number of outstanding shares remained unchanged, at 2,774.11 (since we hadn't bought any more shares at the bourse). 

Thursday, February 25th, 2021: Company's Share Price and Market Capitalization at Close of Day:

Based on the prevailing number of outstanding shares -- that is, 2,774.11 CA/CB shares -- Unashig's derived share price rose to KES 2,174.16 (or US$ 19.84). This represented a gain of 8.71% over the par value, since around January 2019.

The company's market capitalization stood at KES 6,031,358/- (or US$ 55,030.64).


NB: DATA FROM A SELECTION OF EARLIER DATES WILL CONTINUE TO BE ADDED