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MADE
#71 Posted : Tuesday, September 04, 2012 2:18:55 PM
Rank: Member

Joined: 11/12/2007
Posts: 391
The analysts we have here are doing us good indeed.Concrete n certified figures cant lie. I strongly believe Unaitas is a bus to trust and board immediately,at least going by its growth and profitability trend.
Age is transforming me into an Elder;becoz Admin hasn't made me one.
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  | | Edit by user: Tuesday, September 04, 2012 2:23 PM | Reason: Not specified
eco
#72 Posted : Tuesday, September 04, 2012 5:36:47 PM
Rank: Member

Joined: 6/17/2011
Posts: 229
mwekez@ji wrote:
.......

The greatest downside is that Unaitas is a sacco and will keep selling the KES 10 shares day in day out. People have bought this share in the past at KES 10, @BGL and others bought it at KES 10 in year 2010, today if I walk to any Unaitas branch they will sell me the share at KES 10 and if I do it again sometime down the line they will still sell it to me at KES 10. That mean shareholders should expect zero capital gain and dilution of earnings & book value from the shares issued daily. However, the share is a dividend stock. Expect a stable dividend yield of 8-10% p.a.



@Mwekezaji, thanks for the analysis. Supposing they list in the Growth Enterprise Market Segment once it becomes operational as the CEO mentioned, what will be the implication to the, register, share value? And, would they still remain a sacco?
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  | | Edit by user: Tuesday, September 04, 2012 5:40 PM | Reason: Not specified
youcan'tstopusnow
#73 Posted : Tuesday, September 04, 2012 8:54:06 PM
Rank: Chief

Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
eco, an alternative would be for them to convert into a bank. Of course they would need 1 Billion in capital to qualify, along with fulfilling other CBK regulations...
GOD BLESS YOUR LIFE
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mwekez@ji
#74 Posted : Wednesday, September 05, 2012 8:50:59 AM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
youcan'tstopusnow wrote:
eco, an alternative would be for them to convert into a bank. Of course they would need 1 Billion in capital to qualify, along with fulfilling other CBK regulations...


Indeed.

SACCOS are not able to list because they have unlimited shares that are open to all at all time. They rely on this to grow their capital. Should they opt to lock the share register and do financial intermediation like banks, then they ceaze being SACCOS and regulation changes. @eco, read more here Link
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Mainat
#75 Posted : Wednesday, September 05, 2012 9:05:01 AM
Rank: Veteran

Joined: 11/21/2006
Posts: 1,590
How do you get from a revenue of Ksh487m to the profit figure of Ksh79m for 2011? Ama that is confidensial information?
Sehemu ndio nyumba
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King G
#76 Posted : Wednesday, September 05, 2012 6:24:46 PM
Rank: Elder

Joined: 6/20/2012
Posts: 3,855
Location: Othumo
Mainat wrote:
How do you get from a revenue of Ksh487m to the profit figure of Ksh79m for 2011? Ama that is confidensial information?


That is the magic of the new Mwangi
Thieves
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mwekez@ji
#77 Posted : Thursday, September 06, 2012 3:15:59 PM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
Mainat wrote:
How do you get from a revenue of Ksh487m to the profit figure of Ksh79m for 2011? Ama that is confidensial information?


Income statement was supposed to be page 6 that is omitted. Why? I fail to understand
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mwekez@ji
#78 Posted : Thursday, September 06, 2012 3:23:37 PM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
Announcement of results of the recent contentious share offer was scheduled for August 31, 2012 while Refunds for renounced shares is scheduled for tomorrow. Anybody with the August 31st announcement? BTW, if one put KES 1M in this, it’ll match top 2 shareholders
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hobbit
#79 Posted : Thursday, September 06, 2012 5:39:29 PM
Rank: New-farer

Joined: 5/25/2011
Posts: 88
At least the health meter is very positive with the trend. if and only if the graph moves this was in the next 3-5 years, i see so very good results here. An investment here is highly recommended.
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BGL
#80 Posted : Thursday, September 06, 2012 10:24:02 PM
Rank: Veteran

Joined: 10/11/2009
Posts: 1,223
Just as Kenyans witnessed the transition from MURAMATI to UNAITAS, In exactly the same way Kenyans will witness UNAITAS transit from a SACCO to a something else. It is not if but when this will happen.

Meanwhile, as CMA drags its feet on creation of the GEMS segment, UNAITAS strategy going forward is to build a strong CAPITAL & CUSTOMER base in readiness for the transition. For now i am comfortable with the UNAITAS logo all over Kenya.
History will not remember you for your IQ. It will remember you for what you did. “Genius is 1 percent inspiration, 99 percent perspiration.” Thomas Edison
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  | | Edit by user: Friday, September 07, 2012 1:43 AM | Reason: Not specified
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