Wazua
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Safaricom Investment Cooperative
Rank: Member Joined: 7/28/2006 Posts: 30
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Have been emailed the 2013 SIC financial report, in readiness for the AGM this Thursday. Highlights:
Net Surplus up 80% to 9,322,915 from 5,190,281
Proposed dividend up to 125 mil from 63 mil
Membership up 43%
Net assets up to 1,379,298,992 from 503,783,598
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Rank: Elder Joined: 5/1/2010 Posts: 3,024 Location: Hapa
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BGL wrote:This SIC still stinks even after the sacking of the General Manager, projects officer and supervisory committee secretary in August 2013.
The only thing worthy talking about is the bluebells apartments project which seems to be on track. @BGL, does your opinion still hold ama kuna mabadiliko? Any one else with views to share on SIC currently? Float like a butterfly, sting like a bee. - Muhammad Ali🐝
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Rank: Elder Joined: 9/29/2006 Posts: 2,570
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mwasjd wrote:Have been emailed the 2013 SIC financial report, in readiness for the AGM this Thursday. Highlights:
Net Surplus up 80% to 9,322,915 from 5,190,281
Proposed dividend up to 125 mil from 63 mil
Membership up 43%
Net assets up to 1,379,298,992 from 503,783,598
What's the DPS? The opposite of courage is not cowardice, it's conformity.
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Rank: Member Joined: 7/28/2006 Posts: 30
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@Jerry
Given that share capital balance brought forward is 457,182,574.00 and share price is 230, then total number of shares is 2 mil. Then DPS could be 63 bob (125 mil divided by 2 mil).
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Rank: Elder Joined: 9/29/2006 Posts: 2,570
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mwasjd wrote:@Jerry
Given that share capital balance brought forward is 457,182,574.00 and share price is 230, then total number of shares is 2 mil. Then DPS could be 63 bob (125 mil divided by 2 mil). Thanks The opposite of courage is not cowardice, it's conformity.
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Rank: Member Joined: 11/15/2010 Posts: 455 Location: Nairobi
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mwasjd wrote:@Jerry
Given that share capital balance brought forward is 457,182,574.00 and share price is 230, then total number of shares is 2 mil. Then DPS could be 63 bob (125 mil divided by 2 mil). @63Bob, Can't get better. SIC Pap! ....He who began a good work in you will carry it on to completion..
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Rank: Member Joined: 6/14/2010 Posts: 521 Location: Nairobi
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tinker wrote:mwasjd wrote:@Jerry
Given that share capital balance brought forward is 457,182,574.00 and share price is 230, then total number of shares is 2 mil. Then DPS could be 63 bob (125 mil divided by 2 mil). @63Bob, Can't get better. SIC Pap! Only 30% will be paid out while 70% is reinvented.
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Rank: New-farer Joined: 7/18/2012 Posts: 76
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Dividends at 27%. Share value increases from Sh. 230 to Sh. 280. Joining fee for new member Sh. 10,000. On dividend 30% to be paid in cash, 70% to be reinvested.
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Rank: Veteran Joined: 11/2/2006 Posts: 1,206 Location: Nairobi
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So if I had shares worth 500K means dividend is 27%*500K=135,000sh 30%(in cash)*135K=40,500sh in my bank. 40,500sh/500,000sh=8.1% dividend rate(cash) My question is, will the remaining 70% be re-invested into MY savings/shares account or a general reserve? Formally employed people often live their employers' dream & forget about their own.
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Rank: Member Joined: 11/15/2010 Posts: 455 Location: Nairobi
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bird_man wrote:So if I had shares worth 500K means dividend is 27%*500K=135,000sh
30%(in cash)*135K=40,500sh in my bank.
40,500sh/500,000sh=8.1% dividend rate(cash)
My question is, will the remaining 70% be re-invested into MY savings/shares account or a general reserve? @Bird_man. Yes, your 70% dividend will be automatically be converted to '2013 Bonus Dividends' as in your case example; your plough back amount is 94k, which translate to 337 bonus shares ....He who began a good work in you will carry it on to completion..
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