was there an official release from the eaagards management or the 'investors' were making decisions in reaction to road side declaration? in only indulged into this counter at fantasy level.

Could you kindly indicate your source of information? I think that a swap of properties would have required shareholder approval and an EGM would have had to be called.

I think there is indeed a problem here.

One day, Business Daily reports that Eaagads has sold off its coffee farms for the development of Tatu City. Patrick Mweheire of Renaissance is cited as the source.

A week later the same Business Daily reports that Eaagads will continue growing coffee. They do not retract their original story which was a whole lot of bull anyway!

I would not be surprised if tomorrow they come with another story which they will have conjured up from their own fertile imagination.

No wonder you cannot trust our Business Reporters.

The anatomy of a robbery.......
The wazua effect. Wazua clearly has the effect to make or break the market
25 october- tatu city launch gone public. Hits media with a frenzy news, television prominent politicians. Eaagads share price= 48 shillings volume 200 share traded.
For perspective previous trades were october 22: 50 shillings volume 200.
26 october: Story hits wazua http://www.wazua.co.ke/f...aspx?g=posts&t=9301 Story starts a positive feedback cycle eventually leading to a frenzy. Discussion starts by doubt, pity of the coffee sector and eventually pertinent questions asked who sold land and how much?? Prover_b and waithaka ask.
Eaagads trades 26 oct: 48 shillings volume 200
27 oct: 46 shillings volume 700
28 october: finally reponse from kiriita claiming it is eaagads who sold the land.
Trades 28 october: 49.75 volume 2900
29 october: 53.50 volumes 9000
Speculators start boarding the band wagon.
1 november: 57.00 volume 7200
Clearly word is now getting out and everyone wants a piece of the pie. The initial thread dies a natural death as the speculators want to avoid spooking others before they have their piece.
2 november: 59.50 volume 33,000
3 november 65.00 volume 87900
November 4:
Business daily catch on to the trend and report it very late of course. http://www.businessdaily...52/1046378/-/jcr2rwz/-/
4 november: 71.50 volume 56,100
5 november. The truth is out. After market closure the owners see things are getting out of hand and they need to reign in the market. The truth douse water speculative fire.
5 november: 78.50 volume 4,300
8 november: The market opens, truth is out and every one wants out. We know what happens.
8 november: 71.00 volume 40,500

Lets see what happens....

he he he i wonder what sucker is still buying... Just moved to cut my losses in fantasy market!

Investors need to do their due diligence. The media is not paid to be a financial advisor. You can't even sue them for such misinfo. Funny how the broker world also works like the media even though they're paid to give proper advice! Some broker samples for the year so far: -

1. Broker X says KCB is a sell due to right issue dilution. A few months later KCB is up.
2. Broker X upgrades MSC to a buy due to power co-generation and sugar rally. A few months later it's on a slide.
3. Broker X upgrades SCOM to a buy since it has withstood the competition. A few months later...
4. Broker X upgrades Equity to a buy on stellar growth. The price has since reached a glass ceiling...
5. But the best one was the referendum positive review. Just to be fair to the media and brokers/financial advisors, I too got this one wrong. I should have stuck with the volume indicator (diminishing) which called for a pause or correction and NSE has struggled to break 4700 for 3 months running.

In short, Mr. Market doesn't like crowded roads or the public domain since this makes it difficult for the bus to go uphill. I hope the lessons have been learned.

@hisah When KCB went ex rights it was trading at 22 and when it was cum rights and before that it was trading at close to 24 and this is also the period when the brokers issued the sell recommendation....

During the rights issue the share fell to 17.65 and has since risen to 22-23 level meaning if you bought KCB at the time of the SELL recommendation you are still probably at a loss or breaking even...

And if you checked closely enough you would have noticed KCB was upgraded to a buy (by the same brokers) when it was trading at 18-19 after the results of the rights issue


Brokers can be right some times

The market watch guy on nation on thursday has been putting mumias in his basket ever since the fy results.... They can predict based on the core principles and behaviour of stocks. But no one can always predict what will really happen and more importantly when it'll happen.

@Sparkly, please differentiate between inventory and assets. If you, a shareholder, does not own the company's assets, pray tell, who owns them? Answer this please. Who owns a company's assets?

And do not say, the company. Who owns the company? Why do you receive dividends?

Inakaa hakuna biashara leo? ama buyers have put a freeze on this one??