not really.. please read the threads titled under TATU CITY..you will notice enough times the question "on whose land the city will be built on" considering purported location is in prime coffee land.. people..and the answer was Eaagards

..though it should have been socfinaf..a major shareholder of Eaagards until Renaissance bought the socfinaf stake. plus public knowledge..in that area behind Kenyatta University is the land is owned by eaagards..which is erroneous..

"...Waguthu Holdings, which changed its name to Tatu City Limited on August 23, 2010 is the company that will use part of the more than 11,000 acres of land it acquired from Socfinaf for the real estate project – clearly separating Eaagads from the plan..."
http://www.businessdaily.../-/6rv10qz/-/index.html

CMA has no responsibility to go find out true facts to tell you as an investor.. it is your responsibility to know.

prices of stocks run on rumors..it's been said by others smarter than I.."buy on rumour..sell on news.." and that applied here.. and on every counter in the market..case in point Kakuzi, CFC, DTK, kwanza kq before results.. blah blah blah!

so the issue should be how authentic the info in public domain is..and whether you, as an investor, are as informed as you should be before u put ur money in.. after all..its your money.

so..question is.. what price is right for Eaagards?

They will end up with a pile of cash and nowhere to take it coz of scaled down operations... expect a huge special dividend. Though, Someone should confirm the rumours that they have bought cheaper land elsewhere to develop new coffee plantations.

You maybe right or wrong but eish Boss don't get to emotional about stocks...don't get married to a stock even wife's get divorced in real life...on that i think i will censor myself from this thread and others such as KK, MSC and the bank's...for your information i own NO agric stock coz i don't know how they work...i own only 2 stocks..KQ and Jubilee...in future i will venture into CMC...

You maybe right or wrong but eish Boss don't get to emotional about stocks...don't get married to a stock even wife's get divorced in real life...on that i think i will censor myself from this thread and others such as KK, MSC and the bank's...for your information i own NO agric stock coz i don't know how they work...i own only 2 stocks..KQ and Jubilee...in future i will venture into CMC...

@ guru i believe these are decisions that ought to be transacted in extra ordinary general meetings.

The company should also have issued a cautionary statement.

@fresher most times it pays to listen to the crowd. Problem is following the crowd blindly.

@the deal

PROVERB....CAVEAT EMPTOR(BUYER BEWARE)!!They do it in other markets.Spread un-truthful info. and when the share rises in price,they sell.Right now in NSE,some people have made a good profit from Tatu City lie.It might have been intentional,however,I was just thinking aloud....once again-caveat emptor!

[quote=sparkly
Didn't Waguthu buy land from Eaagards? that was my assumption coz buying shares should not entitle you to assets of the company? [/quote]


@ Sparkly, did you just write this? that shareholders do not own the assets of a company?

Wazua I think there should be a forum called Investing 101.

Sparkly as a shareholder you are PART OWNER of the company together with all the other shareholders. Why in the world would you think that shareholders are not entitled to the assets of a company????????????????

Sorry to say that this is the daftest statement I have read today.

Confusion still continues even with the latest available information from Egaad!

What exactly is the position? As of now, I think egaad has said it has nothing to do with tatu. But we know its major shareholders are in tatu.

question is, as @ mwanahisa has said, is renaissance planning to do similar things with egaads' land since they are majority holders. Could they have bought it with merely interest in cofee?