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Safaricom Investment Cooperative
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mozenrat
#101 Posted : Thursday, September 05, 2013 10:54:43 AM
Rank: Veteran

Joined: 5/18/2008
Posts: 796
CLK wrote:
BGL wrote:
bird_man wrote:
Doesnt that mean actual dividend is 8.4%?


Exactly, 8.4% in cash and 19.6% as bonus shares.
SIC needs cash to finance the ongoing land and housing projects hence the need for dividend capitalization.



@BGL, if i wanted to withdraw from the co-op, can i get everything including the bonus shares? ofcourse in cash


You just sell your shares to another sucker..sorry.. investor
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tom_boy
#102 Posted : Thursday, September 05, 2013 9:26:01 PM
Rank: Member

Joined: 2/20/2007
Posts: 767
Gathige wrote:
[quote=BGL]SIC Blue Bells project Updates

http://sicinvestments.blogspot.com/[/quote]

Thanks, @BGL. Quite impressive and i like the way they provide info even in their website.

What is the curent cost of these apartments and shops? How can I go about buying a unit?
They must find it difficult....... those who have taken authority as the truth, rather than truth as the authority. -G. Massey.
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webish
#103 Posted : Monday, September 16, 2013 7:01:00 PM
Rank: Member

Joined: 10/19/2009
Posts: 671
Location: Nairobi
tom_boy wrote:
Gathige wrote:
[quote=BGL]SIC Blue Bells project Updates

http://sicinvestments.blogspot.com/[/quote]

Thanks, @BGL. Quite impressive and i like the way they provide info even in their website.

What is the curent cost of these apartments and shops? How can I go about buying a unit?


Hi @tom_boy,

Just go to their site sic.co.ke and call the number down there. They will assist you.


Life is joy, death is peace, but the transition is very difficult.
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webish
#104 Posted : Monday, September 16, 2013 7:03:05 PM
Rank: Member

Joined: 10/19/2009
Posts: 671
Location: Nairobi
I have seen the Land in Namanga that SIC is selling. Half acres..at 420K,

Is it worth it? Anyone with insight?

they say, 300m from Tarmac, and 7KM from Border.

Anyone in SIC considering this?

Life is joy, death is peace, but the transition is very difficult.
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Hunderwear
#105 Posted : Friday, September 27, 2013 8:31:07 PM
Rank: Member

Joined: 4/14/2011
Posts: 639
They also have some 1/2 acres at Isinya@560k.The visit was on sat 21st sept.Anybody who went please share on the prospect of the parcels.Am told the demand is so high that 1/4 parcels were taken in three days!!! Anybody who went please share your views
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The optimist
#106 Posted : Monday, September 30, 2013 3:33:16 PM
Rank: Member

Joined: 6/14/2010
Posts: 521
Location: Nairobi
Hunderwear wrote:
They also have some 1/2 acres at Isinya@560k.The visit was on sat 21st sept.Anybody who went please share on the prospect of the parcels.Am told the demand is so high that 1/4 parcels were taken in three days!!! Anybody who went please share your views

Anybody please!! Share!
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Mukiri
#107 Posted : Wednesday, October 09, 2013 9:24:23 PM
Rank: Elder

Joined: 7/11/2012
Posts: 5,222
Why do their titles take forever? Two years down the line and there is no sign of a Title deedSad

Proverbs 19:21
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webish
#108 Posted : Wednesday, October 09, 2013 9:28:30 PM
Rank: Member

Joined: 10/19/2009
Posts: 671
Location: Nairobi
Mukiri wrote:
Why do their titles take forever? Two years down the line and there is no sign of a Title deedSad


for which plots?

Life is joy, death is peace, but the transition is very difficult.
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Mukiri
#109 Posted : Thursday, October 10, 2013 6:06:26 PM
Rank: Elder

Joined: 7/11/2012
Posts: 5,222
webish wrote:
Mukiri wrote:
Why do their titles take forever? Two years down the line and there is no sign of a Title deedSad


for which plots?

Those sold and paid for last year

Proverbs 19:21
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truth101
#110 Posted : Friday, October 25, 2013 6:11:02 PM
Rank: New-farer

Joined: 10/25/2013
Posts: 12
I have the very same question about the Title taking too long to process. Has anyone received any title form the sacco?

My biggest concern about SIC is over selling the plots. i.e if they have 10 plots they sell to more than 10 people hence some people end up paying but don't get allocated the plots they chose.

Is it a honest mistake or are they getting greedy?? Please make sure that you have been allocated the plot number you signed for. You may be shocked 2 years down the line that your plot has been given to someone else. You will get your money back but they have used your money to grow there company and instead of compensating you they will still charge you the 10,000 withdrawal fee.

If anyone knows how to fight this please share
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