When all is said and done... Eaagards might not have a stake in Tatu "now"..but do not be duped by the roll of waguthu holdings in both fortunes financially of Eaagards as well as Tatu

..money changed hands..alot of money..that MUst reflect in end year books of Eaagards..either from sale of Socfinaf,or settling waguthu's stake in eaagards...

whatever it is... current High "p/e" is historical..using eps ya kitambo...n no one is certain of final end year 2010 earnings quotes.. whatever it will be..plus asset revaluation...those valuations..p/e , intrinsic value etc.. MUST be real up!

Thanks to EAAGADs for the ride in the fantasey market. Now we are back to the real world itakuwaje?

p.s ..it is still an Agric stock and thus like all the rest of them..it has been historically valued..which means even after you factor out the "Tatu" deal, current pricing is based on under valued assets..(last year's valuation.)

what eps are you using?..fundamentals also bein used to value most agric counters are being revalued..especially concerning land to stop reflecting value at cost..which current Eaagards land assets are based on..come end of their current year..this valuations will..must change..as is with Kakuzi,kapchorua,williamson..etc etc etc..

http://www.businessdaily.../-/6rv10qz/-/index.html

"Renaissance is the largest shareholder in Eaagads, a stake it acquired in March this year after it bought out the majority shareholder Socfinaf in a complex transaction that involved a locally incorporated firm Waguthu Holdings and a Mauritius-registered company, the Manhattan Coffee Investment Holdings.
Tatu City directors say they intend to continue doing the coffee growing business and have formed a local company, Kofinaf, for purposes of running the agricultural plantations. This means that Kofinaf, the current owner of all the agricultural assets that Waguthu Holdings acquired from Socfinaf, is the largest shareholder in Eaagads.

My bad..

My point exactly....

Waguthu bought Eaagads shares from Socfinaf; Eaagads gained zero from that deal!

Kofinaf took over Waguthus assets; again Eaagads gained nothing from that deal!

I dont get this, i read in one of the dailies Aly khan's comments of the stocks to watch and Eaagads was one of them. From the Business Daily today he is a minority shareholder. Could this amount to mkt manipulation with intent to work up the share price? then where is the NSE ethics.

I can see guyz have really been burnt in this eeagads rally ,

but i guess this has now exposed some serious problems in the NSE whereby there is no openess and information is only available to the rich.There is actually no fair play in the market.Eeagads officials should have commented on the issue 3 weeks ago and not stayed until yesterday.

Im thinking that someone in the company has made quite some big chunks of money and is laughing all the way to the bank at the detriment of the small investors who have been buying the shares for the past 3 weeks.

Im waiting to see what Stella Kilonzo will do on this issue.

@ Guru i think even the expalnation given by the paper on the transaction is not very clear im just wondering whom does the land belong to then in the first place coz i really dont get that explanation at all.As in did Eeagads really sell that land?

If yes will it appear in the financials as other income?

In markets where the rule of law is followed most of the time, Eaagads would have been required to give full information on the the purchase by Mwagiru and co earlier in the year. 2ndly, it'd also have been required to confirm or disconfirm the rumours that drove the shares up last week.
This is the NSE though...