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UNAITAS
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kysse
#181 Posted : Saturday, March 29, 2014 2:50:16 AM
Rank: Elder

Joined: 1/17/2013
Posts: 4,693
Location: Earth
Thank you Spirit of God for directing me here.:)
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BGL
#182 Posted : Sunday, March 30, 2014 10:07:41 PM
Rank: Veteran

Joined: 10/11/2009
Posts: 1,223
Unaitas eyes Sh1bn capital in plans to convert into bank

Share capital of the sacco that recently set up its headquarter in Nairobi’s Cardinal Otunga Plaza now stands at Sh752 million.
At the end of December last year, its capital stood at Sh696 million.
Under its 2014-2018 strategic plan, the society plans to establish itself as a fully-fledged bank after meeting the Central Bank of Kenya statutory requirements.

http://www.businessdaily...04/-/k82vmc/-/index.html
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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Hunderwear
#183 Posted : Sunday, March 30, 2014 10:50:58 PM
Rank: Member

Joined: 4/14/2011
Posts: 639
[quote=BGL]Unaitas eyes Sh1bn capital in plans to convert into bank

Share capital of the sacco that recently set up its headquarter in Nairobi’s Cardinal Otunga Plaza now stands at Sh752 million.
At the end of December last year, its capital stood at Sh696 million.
Under its 2014-2018 strategic plan, the society plans to establish itself as a fully-fledged bank after meeting the Central Bank of Kenya statutory requirements.

http://www.businessdaily...4/-/k82vmc/-/index.html[/quote]

During the AGM , shareholders approved a dividend of 9 per cent and a bonus issue of one share for every 20 shares held from 2009 backwards, according to the chief executive Tony Mwangi.

Why from 2009 and backwards?does it mean there are different classes of shares with different rights?
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jerry
#184 Posted : Sunday, March 30, 2014 11:00:27 PM
Rank: Elder

Joined: 9/29/2006
Posts: 2,570
[quote=BGL]Unaitas eyes Sh1bn capital in plans to convert into bank

Share capital of the sacco that recently set up its headquarter in Nairobi’s Cardinal Otunga Plaza now stands at Sh752 million.
At the end of December last year, its capital stood at Sh696 million.
Under its 2014-2018 strategic plan, the society plans to establish itself as a fully-fledged bank after meeting the Central Bank of Kenya statutory requirements.

http://www.businessdaily...4/-/k82vmc/-/index.html[/quote]
I cannot see any insurmountable huddle
The opposite of courage is not cowardice, it's conformity.
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Murang'a
#185 Posted : Monday, March 31, 2014 11:43:37 AM
Rank: Member

Joined: 3/3/2014
Posts: 131
He says from 2009 backwards,,, why isolate the early birds?
IMITATION IS LIMITATION
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  | | Edit by user: Monday, March 31, 2014 12:03 PM | Reason: Not specified
georgegop
#186 Posted : Monday, March 31, 2014 1:58:54 PM
Rank: Member

Joined: 8/30/2010
Posts: 183
Location: Migingo
This thing of 2009 backwards should be explained in clear and no uncertain terms.
Don't Work for Money, Let Money Work for You..
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jerry
#187 Posted : Tuesday, April 01, 2014 9:14:32 AM
Rank: Elder

Joined: 9/29/2006
Posts: 2,570
georgegop wrote:
This thing of 2009 backwards should be explained in clear and no uncertain terms.

It's simply unfair.
The opposite of courage is not cowardice, it's conformity.
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gatoho
#188 Posted : Tuesday, April 01, 2014 3:44:05 PM
Rank: Member

Joined: 1/1/2010
Posts: 518
Location: kandara, Murang'a
jerry wrote:
georgegop wrote:
This thing of 2009 backwards should be explained in clear and no uncertain terms.

It's simply unfair.

I guess the seniority of the older members cumulatively contributed more, or they had retained earnings for earlier yrs turned to equity. Smells like an old boys club kinda thing. Also indicative of how close to listing they are and positioning for big payoff. Guess its time to buy last ones at 10
Foresight..
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jerry
#189 Posted : Tuesday, April 01, 2014 5:32:24 PM
Rank: Elder

Joined: 9/29/2006
Posts: 2,570
gatoho wrote:
jerry wrote:
georgegop wrote:
This thing of 2009 backwards should be explained in clear and no uncertain terms.

It's simply unfair.

I guess the seniority of the older members cumulatively contributed more, or they had retained earnings for earlier yrs turned to equity. Smells like an old boys club kinda thing. Also indicative of how close to listing they are and positioning for big payoff. Guess its time to buy last ones at 10

The normal thing is to issue shares that "rank pari passu" to existing ones.
The opposite of courage is not cowardice, it's conformity.
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  | | Edit by user: Tuesday, April 01, 2014 5:36 PM | Reason: Not specified
jaw
#190 Posted : Tuesday, April 08, 2014 3:35:46 PM
Rank: New-farer

Joined: 4/2/2014
Posts: 12
Location: Kabati
jerry wrote:
gatoho wrote:
jerry wrote:
georgegop wrote:
This thing of 2009 backwards should be explained in clear and no uncertain terms.

It's simply unfair.

I guess the seniority of the older members cumulatively contributed more, or they had retained earnings for earlier yrs turned to equity. Smells like an old boys club kinda thing. Also indicative of how close to listing they are and positioning for big payoff. Guess its time to buy last ones at 10

The normal thing is to issue shares that "rank pari passu" to existing ones.


For the novelty clan in which i belong, not very spirit lifting.Sad
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