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EABL cautionary announcement
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GGK
#1 Posted : Monday, June 06, 2011 10:37:59 AM
Rank: Member


Joined: 11/21/2006
Posts: 608
Location: Ruiru
I saw an advert on Nation by EABl advising NSE investors to exercise caution when dealing with EABL's shares.

What are the implications of the move?
"..I am because we are. "― Ubuntu, Umtu,
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mlennyma
#2 Posted : Monday, June 06, 2011 10:42:28 AM
Rank: Elder


Joined: 7/21/2010
Posts: 6,191
Location: nairobi
There is a material announcement msg running on live market.what is it guys?
"Don't let the fear of losing be greater than the excitement of winning."
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FUNKY
#3 Posted : Monday, June 06, 2011 10:50:20 AM
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Joined: 4/30/2010
Posts: 1,635
I got some information that they have bought back 20% shares of some south african brewer which they had previously sold to them.
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GGK
#4 Posted : Monday, June 06, 2011 10:58:05 AM
Rank: Member


Joined: 11/21/2006
Posts: 608
Location: Ruiru
FUNKY wrote:
I got some information that they have bought back 20% shares of some south african brewer which they had previously sold to them.


I got scared.... thought I wont be getting my favorite Guinness baridi at the locals
"..I am because we are. "― Ubuntu, Umtu,
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Gordon Gekko
#5 Posted : Monday, June 06, 2011 11:15:02 AM
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Joined: 5/27/2008
Posts: 3,760
FUNKY wrote:
I got some information that they have bought back 20% shares of some south african brewer which they had previously sold to them.

As far as I'm aware buybacks are not allowed by the Company Act. How did they structure this one - maybe through a special purpose vehicle?
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2012
#6 Posted : Monday, June 06, 2011 11:23:12 AM
Rank: Elder


Joined: 12/9/2009
Posts: 6,592
Location: Nairobi
I think 20B is a hell-o-money!
Even the cash they intend to get from floating in Tz won't even get them 1/4 so I don't see how this is a good move. Is Diageo providing the 20B or they are buying the shares themselves?

BBI will solve it :)
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