Top three shareholders are Amanat Investments (45.44%),Bamburi Cement (14.10%) and ARM Employee Share Ownership Plan (6.11%). Only one of the three could have moved the biggest blog of 7.5 m shares (@98.50). My guess...Bamburi Cement,reduces their holding to about 6.5%.

SCUBI

Hearing a foreign sale by AA through the grapevine. This one should be legit,they'd need CMA approval for sell over 5%,the sale would definately not go unnoticed. Even better if the seller is Bamburi-they need to stop messing about with ARMs growth plans,practically had a board member in all three major cement producers (insiders to all industry/competitor trends & plans). What kind of level playing field is that?

SCUBI

When ARM was BROKE... they went begging to Bamburi... so Bamburi like any smart firm negotiated for a Board seat (same at EAPCC) in exchange for the cash... Dont be a hater... Kenyans are stupid... they refuse to invest when firms NEED the cash... but complain afterwards!
**** Kenyans rejected the EABL Rights Offer & Scrip Dividends in past years when KBL was desperate for cash... now they complain about Diageo (who exercised the Rights as well as applied 100% for the Scrip Dividends) now that EABL is one of Kenya's top firms...

Greedy when others are fearful,Very fearful when others are greedy - to paraphrase WB

something is amiss here who was buying anyone with info ?

@vvs

The EABL rights issue was not failed by kenyans but by the instituitional investors and our dear government which never took up their rights. Diaegio finally,after trying so hard over the years took control which would not have been possible had the government participated. The instituitional investors were looking for change in order to secure their investments. Whether they got the change they wanted is a story for another day.




Baada ya dhiki,faaraja

Yap,

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The thicker the thigh the sweeter the pie.