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mukiha		#31 Posted : Monday, November 08, 2010 10:58:48 AM
Rank: Elder Joined: 6/27/2008 Posts: 4,114		ProverB wrote: mukiha wrote: How would Eaagads gain from a transaction between Socfinaf and Waguthu? 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! Nothing is real unless it can be named; nothing has value unless it can be sold; money is worthless unless you spend it.
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the deal		#32 Posted : Monday, November 08, 2010 11:16:53 AM
Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery		mukiha wrote: ProverB wrote: mukiha wrote: How would Eaagads gain from a transaction between Socfinaf and Waguthu? 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! If all this happened how much is Eaagards as a company worth now? CMA should investigate this swindle...
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QD		#33 Posted : Monday, November 08, 2010 11:54:50 AM
Rank: Member Joined: 8/5/2009 Posts: 597		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. The problem with the world is that the intelligent people are full of doubts while the stupid ones are full of confidence
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guru267		#34 Posted : Monday, November 08, 2010 12:15:13 PM
Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi		QD wrote: 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. guys let me break this down for you... Eaagads was rallying because the market thought that the fact that renaissance capital was a shareholder its land would be converted from coffee planting to real estate development hence boosting returns greatly... The market got this wrong because from the business daily article the major shareholder said that Eaagads land would continue being used for coffee planting for the foreseeable future... The returns from coffee however good cannot justify the price of 71.5 by all valuation metrics Mark 12:29 Deuteronomy 4:16
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synergia		#35 Posted : Monday, November 08, 2010 12:18:54 PM
Rank: Member Joined: 7/7/2008 Posts: 34		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.
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Sober		#36 Posted : Monday, November 08, 2010 12:23:53 PM
Rank: Elder Joined: 11/27/2007 Posts: 3,604		the deal wrote: mv_ufanisi wrote: Sober wrote: I BELIEVE THE 10% RULE WILL CUSHION US COME TOMMOROW. Only in the fantasey market. In the real market you never know if there'll be someone willing to buy your shares. This is prolly the one weakness in the fantasey market that makes it different from real life trading. What about those who placed their orders on Friday hoping for a kill? always ensure a good rapport with your broker and ensure you can change an order with a phone call and then later in the day pass by to confirm by signing the documents. this way you can avoid such orders (purchase) going through when info comes out abruptly. African parents don't know how to say sorry.. the closest you will get to a sorry is a 'have you eaten'
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synergia		#37 Posted : Monday, November 08, 2010 12:25:13 PM
Rank: Member Joined: 7/7/2008 Posts: 34		guru267 wrote: QD wrote: 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. guys let me break this down for you... Eaagads was rallying because the market thought that the fact that renaissance capital was a shareholder its land would be converted from coffee planting to real estate development hence boosting returns greatly... The market got this wrong because from the business daily article the major shareholder said that Eaagads land would continue being used for coffee planting for the foreseeable future... The returns from coffee however good cannot justify the price of 71.5 by all valuation metrics @ 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?
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guru267		#38 Posted : Monday, November 08, 2010 12:27:52 PM
Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi		synergia wrote: 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. @synergia i'm sorry to say that you are completely wrong... If investors feel the need to speculate on a stock because of something they heard in the news thats their problem no one else.... The company can choose whether or not to comment on the issue and there's nothing wrong with the directors taking the opportunity to sell to foolish speculators.... Mark 12:29 Deuteronomy 4:16
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Wa_ithaka		#39 Posted : Monday, November 08, 2010 12:34:06 PM
Rank: Veteran Joined: 1/7/2010 Posts: 1,279 Location: nbi		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... The Governor of Nyeri - 2017
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synergia		#40 Posted : Monday, November 08, 2010 12:34:38 PM
Rank: Member Joined: 7/7/2008 Posts: 34		guru267 wrote: synergia wrote: 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. @synergia i'm sorry to say that you are completely wrong... If investors feel the need to speculate on a stock because of something they heard in the news thats their problem no one else.... The company can choose whether or not to comment on the issue and there's nothing wrong with the directors taking the opportunity to sell to foolish speculators.... LOL Guru. Ouch that was really blunt and painfull to some people.
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