I see it on Daily Nation page 39.

REA Trading Limited - REAT - principal holdings comprise 57% interest in Rea Vipingo and a 95% interest in an Indonesian company developing a coal mining business.

A threshold of 75% eventual ownership of ordinary shares as takeover condition. Compulsory acquisition and delisting if 90% is the outcome.

All in 75 days

Takeovers becoming a new norm

Could they be buying the land for coal deposits?????

zero supply at the market

sold mine at 19's in january
Just one more year and BAM. double the profits

Ordered mine sold at 22, broker erred and sold for 20, pointing out person responsible said they'd deduct him.. and let it pass. Only followed @Stockmaster into it, only regret is exiting sooner, and the errant clerk!!

This is the company that I can remember that did an IPO to raise money for itself. All others have been one shareholder cashing out through the IPO.

Sad though to see it delist. The offer price is very good. There is something REAT sees that Mr. Market doesn't

It's a pity. In my view , Rea is one of the best managed and transparent companies on the NSE.

Their annual reports and AGM's were very informative. At the end of the AGM's, the directors (particularly Mr. Robinow and the MD) would stick around for over an hour to interact one on one with shareholders. They never harikishad anybody.

In my view, their offer price of kshs. 40/- is far too low for a long-term investor (prepared to hold on forever!) bearing in mind the assets, particularly land, that they hold and the potential of this company. Please note that they are the largest sisal producer in Africa.

Methinks that the new horticultural developments at Dwa and the wind farm initiatives at the coast are wildly exceeding their expectations!

Pity that CMA/NSE is permitting suspension of trading. Continuation would have seen determination of the true value of this company.

Expect more of the same from companies whose shares are tightly held and thinly traded.

Anyone with more info on the takeover of Ennsvalley Bakery by Unga Group?

“Clearly the market has not been able to value a number of companies fairly, especially the less mainstream stocks, so we are seeing people who have appreciated this reality coming to the fore” and taking companies private, Aly-Khan Satchu, a Nairobi-based investment adviser who owns 0.9 percent of REA Vipingo, said in a phone interview today. “It is not a negative signal, it shows how inefficient the market has been.”

http://www.businessdailyafrica....6/-/aldhhrz/-/index.html

ok waoh is this what they decided, a few months ago a client of ours took a soil sample of his plot at vipingo ridge to the lab and guess what at only 2 meters the soil is 40 % titanium, they are out to make a killing