EABL spent about 20 billion to acquire the 20% of SABmiller's share in EABL.

EABL is used another 4.9 billion to increase its shareholding Serengeti to 51% in order to have a controlling share in Serengeti.

The company is offloading its shareholding in TBL for a miserable 6.9 billion. TBL controls over 86% of Tz market.

Mututho laws are still going strong.

If you have ears, run out of this company like yesterday. Otherwise, go to bed with the EABL bear for the next three to four years.

Analysts reckon that EABL could tap a shareholder loan from its parent Diageo or bridge the deficit with a combination of debt and internal resources in a transaction that observes say has hugely favoured SABMiller.

Is the EABL MD called Anedu or Adetu? This Nigerian cannot handle the East African cut throat competition. He should be running Bata Shoe company and leave the likes of Mahinda to do what they knwo best.

http://www.businessdaily...20/-/490wkc/-/index.html

Now I feel like having a beer to celebrate the fact that I exited this behemoth a while back.

EABL should do what TPSEA did last year!
Declare a dividend,a bonus and a rights issue. If we as shareholders cannot take up all the rights then DIAGEO can increase its shareholding. However, i would not like the route taken by total of creating billions of preference shares.

profit warning that is out of question. maybe dwindling volumes which will later pick up once there is stabilization in sales. i see the price dipping but not for long, so i will wait for it and buy as much as i can