sell down, page-2

The probable cause is the sell off from those who bought in on the possibility that EAGM (East African GM) was going to float rather than being sold out to a major. Plus the panickers...A trifle overdone as usual... given that there appear to be competing bidders giving a higher price than initially anticipated for EAGM, and that LSG have fingers in many good pies - including LAF which has increased its share price by at least 10% in the last few days. The dividends are also tax free to boot..