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EABL to acquire 51% of serengeti for Ksh4.95bn.
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BGL
#1 Posted : Thursday, September 30, 2010 6:04:27 PM
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You can read the details here http://www.globalpost.co...kenya/eabl-amp-serengeti
History will not remember you for your IQ. It will remember you for what you did. “Genius is 1 percent inspiration, 99 percent perspiration.” Thomas Edison
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Wa_ithaka
#2 Posted : Thursday, September 30, 2010 7:39:08 PM
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Very expensive buy given its not even listed and only has 17% of the TZ market share
The Governor of Nyeri - 2017
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VituVingiSana
#3 Posted : Thursday, September 30, 2010 8:03:36 PM
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Wa_ithaka wrote:
Very expensive buy given its not even listed and only has 17% of the TZ market share

Whether it is listed or not is irrelevant! Why should a 'private' firm be 'cheaper' than a listed/public firm?

Well... the TZ market is apparently more profitable (margins) but without seeing the numbers I will defer my comments...
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Horton
#4 Posted : Thursday, September 30, 2010 8:10:42 PM
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Kshs10B or about 60m USD valuation of the company. Abit on the higher side
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VituVingiSana
#5 Posted : Friday, October 01, 2010 4:00:10 AM
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Horton wrote:
Kshs10B or about 60m USD valuation of the company. Abit on the higher side

How do you know it is on the higher side?
Do you know something we do not?
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Wa_ithaka
#6 Posted : Friday, October 01, 2010 11:18:52 AM
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Serengeti Breweries has gross assets of Ksh5.7bn. EABL paid Kh4.95bn to acquire just over half of it.
Must be one of steepest premiums known to man. Or beast.
The Governor of Nyeri - 2017
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My 2 cents
#7 Posted : Friday, October 01, 2010 1:14:07 PM
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Joined: 6/2/2010
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I am just glad they are not asking me to put more money in for the proposed purchase. They are using their cash reserves. This will mean loss of interest.....but I suppose they figure that the return on investment from the purchase will be much higher over time.
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