The probable cause is the sell off from those who bought in on...

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..