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disaster for Eaagads share price
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Wa_ithaka
#41 Posted : Monday, November 08, 2010 12:36:50 PM
Rank: Veteran

Joined: 1/7/2010
Posts: 1,279
Location: nbi
QD-this is something that Aly Khan does regularly i.e. ramping shares that he has an interest in.
As a minimum, I think he should always declare his shareholding interest. Once I realised he holds shares in all 3 agriculture stocks and Safcon, but rarely mentions it, I've distrusted anything he says
The Governor of Nyeri - 2017
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guru267
#42 Posted : Monday, November 08, 2010 12:44:59 PM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
Wa_ithaka wrote:
it'd also have been required to confirm or disconfirm the rumours that drove the shares up last week.
This is the NSE though...


@Wa_ithaka this is a complete lie and fallacy... Is it eaagads that started the rumour... NO!!! so they can take as long as they want to quell the rumour and benefit as much they want from the speculation
Mark 12:29
Deuteronomy 4:16
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mwanahisa
#43 Posted : Monday, November 08, 2010 12:58:11 PM
Rank: Elder

Joined: 6/2/2008
Posts: 1,438
I think we have not heard the last of this saga.

I think that at some point in the future, Eaagads will indeed convert their land to some alternative use other than growing coffee and timber. The question is when. So perhaps it is worth buying when the excitement dies down for those who are able to hold. I do not expect Renaissance to be satisfied with the measly returns that Coffee farming brings in.

I am now actually considering augmenting my stake.

Before I do so, I am trying to establish how much land does Eaagads actually own. I misplaced my annual report from the Co. although, I do not think that information was given. I have seen two conflicting reports in recent press reports. 1 has 487 acres while today's Biz Daily has it at 385.8 Hectares. Does anyone have the exact acreage?
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Sober
#44 Posted : Monday, November 08, 2010 1:00:02 PM
Rank: Elder

Joined: 11/27/2007
Posts: 3,604
35,700 shares traded so far. the 10% rule is cushioning the fall, so we have to wait until tommorrow to record a price of 63 per share.
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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QD
#45 Posted : Monday, November 08, 2010 1:00:16 PM
Rank: Member

Joined: 8/5/2009
Posts: 597
Though not aculprit on Eaagards, but i feel cheated by the NSE as it seems much of insider informations is riding the trades while CMA aka Stella are toothles.
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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Wa_ithaka
#46 Posted : Monday, November 08, 2010 1:01:09 PM
Rank: Veteran

Joined: 1/7/2010
Posts: 1,279
Location: nbi
guru267-we've spoken about commenting about things you know little about.
Just a couple of links to prove that in other markets, a company must disconfirm/confirm rumours that drive its shareprice

http://news.bbc.co.uk/1/hi/business/7087451.stm
http://www.onwallstreet....-branches-2667279-1.html
The Governor of Nyeri - 2017
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Sober
#47 Posted : Monday, November 08, 2010 1:07:23 PM
Rank: Elder

Joined: 11/27/2007
Posts: 3,604
guru267 wrote:
Wa_ithaka wrote:
it'd also have been required to confirm or disconfirm the rumours that drove the shares up last week.
This is the NSE though...


@Wa_ithaka this is a complete lie and fallacy... Is it eaagads that started the rumour... NO!!! so they can take as long as they want to quell the rumour and benefit as much they want from the speculation


nothing is impossible with this counter. this share once traded at 75.00 a share on April fools day.
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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the deal
#48 Posted : Monday, November 08, 2010 1:09:24 PM
Rank: Elder

Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
mwanahisa wrote:
I think we have not heard the last of this saga.

I think that at some point in the future, Eaagads will indeed convert their land to some alternative use other than growing coffee and timber. The question is when. So perhaps it is worth buying when the excitement dies down for those who are able to hold. I do not expect Renaissance to be satisfied with the measly returns that Coffee farming brings in.

I am now actually considering augmenting my stake.

Before I do so, I am trying to establish how much land does Eaagads actually own. I misplaced my annual report from the Co. although, I do not think that information was given. I have seen two conflicting reports in recent press reports. 1 has 487 acres while today's Biz Daily has it at 385.8 Hectares. Does anyone have the exact acreage?

SELL...Eaagards has been canibalised...i cant believe u also fell for this.
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guru267
#49 Posted : Monday, November 08, 2010 1:14:14 PM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
[quote=Wa_ithaka]guru267-we've spoken about commenting about things you know little about.
Just a couple of links to prove that in other markets, a company must disconfirm/confirm rumours that drive its shareprice

http://news.bbc.co.uk/1/hi/business/7087451.stm
http://www.onwallstreet....branches-2667279-1.html[/quote]

@Wa_ithaka please don't argue with me...

From the links you have given NOWHERE does it say that is A REQUIREMENT for a company to comment on rumors... The only reason they may choose to do it is because of ethical reasons.

The key word is REQUIREMENT my broda
Mark 12:29
Deuteronomy 4:16
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synergia
#50 Posted : Monday, November 08, 2010 1:16:36 PM
Rank: Member

Joined: 7/7/2008
Posts: 34
[quote=Wa_ithaka]guru267-we've spoken about commenting about things you know little about.
Just a couple of links to prove that in other markets, a company must disconfirm/confirm rumours that drive its shareprice

http://news.bbc.co.uk/1/hi/business/7087451.stm
http://www.onwallstreet....branches-2667279-1.html[/quote]

@Waithaka i believe Guru is right the company can comment if they wish,

In both links you have given us the companies both barclays and Morgan Stanely were forced to comment because the romour was affecting there companies share price negatively,

you will come to see that companies rarely comment on stock prices when the information favors the share price.

An example is the current KK debacle with the governement where KK made statements daily just to assure investors but when the info favors the company that will never happen.
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