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mwanahisa		#61 Posted : Monday, November 08, 2010 2:45:14 PM
Rank: Elder Joined: 6/2/2008 Posts: 1,438		@all, At what price would you be willing to buy Eaagads, with the new information?
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ProverB		#62 Posted : Monday, November 08, 2010 3:06:52 PM
Rank: Veteran Joined: 3/12/2010 Posts: 1,199 Location: Eastlander		QD wrote: Though not a culprit on Eaagards, but i feel cheated by the NSE as it seems much of insider informations is riding the trades while CMA aka Stella are toothles. not really.. please read the threads titled under TATU CITY..you will notice enough times the question "on whose land the city will be built on" considering purported location is in prime coffee land.. people..and the answer was Eaagards ..though it should have been socfinaf..a major shareholder of Eaagards until Renaissance bought the socfinaf stake. plus public knowledge..in that area behind Kenyatta University is the land is owned by eaagards..which is erroneous.. "...Waguthu Holdings, which changed its name to Tatu City Limited on August 23, 2010 is the company that will use part of the more than 11,000 acres of land it acquired from Socfinaf for the real estate project – clearly separating Eaagads from the plan..." http://www.businessdaily.../-/6rv10qz/-/index.html CMA has no responsibility to go find out true facts to tell you as an investor.. it is your responsibility to know. prices of stocks run on rumors..it's been said by others smarter than I.."buy on rumour..sell on news.." and that applied here.. and on every counter in the market..case in point Kakuzi, CFC, DTK, kwanza kq before results.. blah blah blah! so the issue should be how authentic the info in public domain is..and whether you, as an investor, are as informed as you should be before u put ur money in.. after all..its your money. so..question is.. what price is right for Eaagards? ..Let your light so shine before men, that they may see your good works, and glorify your Father which is in heaven...Matt5:16 - 1769 Oxford King James Bible 'Authorized Version
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sparkly		#63 Posted : Monday, November 08, 2010 3:24:52 PM
Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi		guru267 wrote: qw25041985 wrote: @guru. I wonder how you'll get out of this ? ... On the real market I got 1000 shares of the stock at 60bob meaning I'm already 30% up... i've already placed my sale order at the maximum 10% lower which will mean i'll still get capital gains of 20%... so HAKUNA MATATA!!! Liquidity is a big issue. You will try to sell but no one will buy. pole Life is short. Live passionately.
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sparkly		#64 Posted : Monday, November 08, 2010 3:30:53 PM
Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi		ProverB wrote: When all is said and done... Eaagards might not have a stake in Tatu "now"..but do not be duped by the roll of waguthu holdings in both fortunes financially of Eaagards as well as Tatu ..money changed hands..alot of money..that MUst reflect in end year books of Eaagards..either from sale of Socfinaf,or settling waguthu's stake in eaagards... whatever it is... current High "p/e" is historical..using eps ya kitambo...n no one is certain of final end year 2010 earnings quotes.. whatever it will be..plus asset revaluation...those valuations..p/e , intrinsic value etc.. MUST be real up! They will end up with a pile of cash and nowhere to take it coz of scaled down operations... expect a huge special dividend. Though, Someone should confirm the rumours that they have bought cheaper land elsewhere to develop new coffee plantations. Life is short. Live passionately.
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sparkly		#65 Posted : Monday, November 08, 2010 3:34:12 PM
Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi		mukiha wrote: BTW: EPS for six months to June 2010 = sh2.21; all thing remaining equal, we can project it to sh4.40 by year-end (anyone knows the coffee trading seasons?) Therefore, at sh71.5, the forward P/E is about 16 Grossly overvalued for Agriculturals Life is short. Live passionately.
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the deal		#66 Posted : Monday, November 08, 2010 3:37:32 PM
Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery		simonkabz wrote: Having read most of ua posts, I have come to a sad conclusion that u r just a noise maker. Its hard to identify the legs fm the arms in ua posts, and content is apparently lacking. People who just want to confuse others using overconfident allegations You maybe right or wrong but eish Boss don't get to emotional about stocks...don't get married to a stock even wife's get divorced in real life...on that i think i will censor myself from this thread and others such as KK, MSC and the bank's...for your information i own NO agric stock coz i don't know how they work...i own only 2 stocks..KQ and Jubilee...in future i will venture into CMC...
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sparkly		#67 Posted : Monday, November 08, 2010 3:38:59 PM
Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi		the deal wrote: mukiha wrote: ProverB wrote: mukiha wrote: How would Eaagads gain from a transaction between Socfinaf and Waguthu? http://www.businessdaily.../-/6rv10qz/-/index.html "Renaissance is the largest shareholder in Eaagads, a stake it acquired in March this year after it bought out the majority shareholder Socfinaf in a complex transaction that involved a locally incorporated firm Waguthu Holdings and a Mauritius-registered company, the Manhattan Coffee Investment Holdings. Tatu City directors say they intend to continue doing the coffee growing business and have formed a local company, Kofinaf, for purposes of running the agricultural plantations. This means that Kofinaf, the current owner of all the agricultural assets that Waguthu Holdings acquired from Socfinaf, is the largest shareholder in Eaagads. My bad.. My point exactly.... Waguthu bought Eaagads shares from Socfinaf; Eaagads gained zero from that deal! Kofinaf took over Waguthus assets; again Eaagads gained nothing from that deal! If all this happened how much is Eaagards as a company worth now? CMA should investigate this swindle... Didn't Waguthu buy land from Eaagards? that was my assumption coz buying shares should not entitle you to assets of the company? Life is short. Live passionately.
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the deal		#68 Posted : Monday, November 08, 2010 3:39:54 PM
Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery		simonkabz wrote: Having read most of ua posts, I have come to a sad conclusion that u r just a noise maker. Its hard to identify the legs fm the arms in ua posts, and content is apparently lacking. People who just want to confuse others using overconfident allegations You maybe right or wrong but eish Boss don't get to emotional about stocks...don't get married to a stock even wife's get divorced in real life...on that i think i will censor myself from this thread and others such as KK, MSC and the bank's...for your information i own NO agric stock coz i don't know how they work...i own only 2 stocks..KQ and Jubilee...in future i will venture into CMC...
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ProverB		#69 Posted : Monday, November 08, 2010 3:40:49 PM
Rank: Veteran Joined: 3/12/2010 Posts: 1,199 Location: Eastlander		sparkly wrote: mukiha wrote: BTW: EPS for six months to June 2010 = sh2.21; all thing remaining equal, we can project it to sh4.40 by year-end (anyone knows the coffee trading seasons?) Therefore, at sh71.5, the forward P/E is about 16 Grossly overvalued for Agriculturals Bythway! average p/e has always been lower than 5..but that is historical. Limuru Tea however hovers above 10 ..Let your light so shine before men, that they may see your good works, and glorify your Father which is in heaven...Matt5:16 - 1769 Oxford King James Bible 'Authorized Version
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sparkly		#70 Posted : Monday, November 08, 2010 3:44:52 PM
Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi		guru267 wrote: synergia wrote: I can see guyz have really been burnt in this eeagads rally , but i guess this has now exposed some serious problems in the NSE whereby there is no openess and information is only available to the rich.There is actually no fair play in the market.Eeagads officials should have commented on the issue 3 weeks ago and not stayed until yesterday. Im thinking that someone in the company has made quite some big chunks of money and is laughing all the way to the bank at the detriment of the small investors who have been buying the shares for the past 3 weeks. Im waiting to see what Stella Kilonzo will do on this issue. @synergia i'm sorry to say that you are completely wrong... If investors feel the need to speculate on a stock because of something they heard in the news thats their problem no one else.... The company can choose whether or not to comment on the issue and there's nothing wrong with the directors taking the opportunity to sell to foolish speculators.... @ guru i believe these are decisions that ought to be transacted in extra ordinary general meetings. The company should also have issued a cautionary statement. Life is short. Live passionately.
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