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VituVingiSana
#1 Posted : Tuesday, December 15, 2009 8:25:16 AM
Rank: Chief


Joined: 1/3/2007
Posts: 18,117
Location: Nairobi
Who is the REAL buyer behind Eagaads?
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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cnn
#2 Posted : Tuesday, December 15, 2009 8:33:58 AM
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Joined: 6/17/2009
Posts: 1,619
@vvs
Why the emphasis on REAL?,a Mauritius company they said.
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VituVingiSana
#3 Posted : Tuesday, December 15, 2009 9:00:54 AM
Rank: Chief


Joined: 1/3/2007
Posts: 18,117
Location: Nairobi
@cnn - Kwani, its a crime to know?

Remember we never found out the real wenyewes behind mobitelea (who owned 10% of Safaricom)...

Mauritius company is a front...
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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kingauwi
#4 Posted : Tuesday, December 15, 2009 9:05:46 AM
Rank: Member


Joined: 11/17/2009
Posts: 99
What effect and to what extend is this likely to have on the stock value in the NSE?
First they ignore you, then they laugh at you, then they fight you, then you win!
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VituVingiSana
#5 Posted : Tuesday, December 15, 2009 9:28:22 AM
Rank: Chief


Joined: 1/3/2007
Posts: 18,117
Location: Nairobi
@kingauwi - That is why I ask...

I had shares in Dunlop when it was run by a conservative 'foreign' owner. Dunlop BTS plc. The majority shares were purchased (indirectly) by matu wamae's family.

In the subsequent years, they loaned themselves cash. Yes, you read that right. The matus 'borrowed' from Dunlop (the listed firm) at 'cheap' rates. This money was never repaid in cash.

Let us look at Eagaads with all the land & maybe some cash. Suppose it is the matus who bought the majority shares from Socfinaf. Would you want to stay a minority shareholder?

Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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