Rank: Elder Joined: 9/29/2006 Posts: 2,570
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yosie14 wrote:Murang'a wrote:@guru I support your argument, Unaitas dividends are normally calculated on the basis of no. of shares held as per the books closure i.e 31st Dec regardless of when you bought them.
Minimum shares is 100 and you can have shares but no deposits eg I have shares but my account balance is below 500.
I usually set aside the cash that am willing to buy shares in the Sacco and place the money in fixed deposits such that they mature by early Dec and then I buy shares before their books closure. aiiii if this is the case then they conned me.My first purchase was in 2012 and the dividend I received last year was for 6 months since I invested in june.Its also possible they changed the policy @yossie14. You need to change your signature to avoid being conned! The opposite of courage is not cowardice, it's conformity.
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Rank: Veteran Joined: 10/11/2009 Posts: 1,223
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UNAITAS pays dividends depending on when you invested with them yaani prorated. For one simple reason: [The sharebook is open and shares bought are freshly introduced into the register]. This is a FACT! if in doubt go to any branch and ask or send them a tweet. 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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Rank: Member Joined: 12/17/2013 Posts: 118
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Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
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Share capital as at 31 Dec 2013 = 692,570,359 Proposed dividend as at same date = 61,826,149 (9%) Someone explain to me how this will be pro rated because I don't get it?? Mark 12:29
Deuteronomy 4:16
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Rank: Veteran Joined: 10/11/2009 Posts: 1,223
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guru267 wrote:Share capital as at 31 Dec 2013 = 692,570,359
Proposed dividend as at same date = 61,826,149 (9%)
Someone explain to me how this will be pro rated because I don't get it??
Mme guru267 you are VERY wrong! I have been on this thing since 2010. To prove it i will (if you want) send you financial statements from 2009 and you can explain the variance between the calculated dividends and the paid dividend. This variance is brought about by the prorating that i am talking about it. To begin with in 2013: this 9% you are quoting has a variance of 505,183 as a result of pro ration If someone wants these financial statements put email here and do your calculations. FYI it is only on 2011 when UNAITAS was under investigation from CMA that the calculated dividend was equal to the paid amount here are my calculationsyear * share cap * 9% * proposed * variance 2013* 692570359 * 62331332 * 61826149* 505,183 2012* 404249805 * 36382482 * 31624690* 4,775,792 2011* 233080592 * 20977253 * 20977253* Nil 2010* 176475431 * 15882789 * 14118034* 1,764,755 2009* 107223076 * 9650077 * 8577846 * 1,072,231 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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Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
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BGL wrote:guru267 wrote:Share capital as at 31 Dec 2013 = 692,570,359
Proposed dividend as at same date = 61,826,149 (9%)
Someone explain to me how this will be pro rated because I don't get it??
Mme guru267 you are VERY wrong! I have been on this thing since 2010. To prove it i will (if you want) send you financial statements from 2009 and you can explain the variance between the calculated dividends and the paid dividend. This variance is brought about by the prorating that i am talking about it. To begin with in 2013: this 9% you are quoting has a variance of 505,183 as a result of pro ration If someone wants these financial statements put email here and do your calculations. FYI it is only on 2011 when UNAITAS was under investigation from CMA that the calculated dividend was equal to the paid amount here are my calculationsyear * share cap * 9% * proposed * variance 2013* 692570359 * 62331332 * 61826149* 505,183 2012* 404249805 * 36382482 * 31624690* 4,775,792 2011* 233080592 * 20977253 * 20977253* Nil 2010* 176475431 * 15882789 * 14118034* 1,764,755 2009* 107223076 * 9650077 * 8577846 * 1,072,231 Story mingi and still no explanation on HOW the pro rating is done! I guess ill just wait for my dividend cheque and see... Mark 12:29
Deuteronomy 4:16
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Rank: Veteran Joined: 10/11/2009 Posts: 1,223
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guru267 wrote:BGL wrote:guru267 wrote:Share capital as at 31 Dec 2013 = 692,570,359
Proposed dividend as at same date = 61,826,149 (9%)
Someone explain to me how this will be pro rated because I don't get it??
Mme guru267 you are VERY wrong! I have been on this thing since 2010. To prove it i will (if you want) send you financial statements from 2009 and you can explain the variance between the calculated dividends and the paid dividend. This variance is brought about by the prorating that i am talking about it. To begin with in 2013: this 9% you are quoting has a variance of 505,183 as a result of pro ration If someone wants these financial statements put email here and do your calculations. FYI it is only on 2011 when UNAITAS was under investigation from CMA that the calculated dividend was equal to the paid amount here are my calculationsyear * share cap * 9% * proposed * variance 2013* 692570359 * 62331332 * 61826149* 505,183 2012* 404249805 * 36382482 * 31624690* 4,775,792 2011* 233080592 * 20977253 * 20977253* Nil 2010* 176475431 * 15882789 * 14118034* 1,764,755 2009* 107223076 * 9650077 * 8577846 * 1,072,231 Story mingi and still no explanation on HOW the pro rating is done! I guess ill just wait for my dividend cheque and see... Dividends have been PAID but if you are waiting for a dividend cheque you will wait for eternity. The dividend is in your dividend account and can be accessed from any UNAITAS branch in Kenya. Back to pro rating and how it is done. The opening balance (i guess you know what this means)....what you hold as at jan 01 earns full dividend which in our case is 9% For the payments made during the year The formula is Amount invested*9%*([12-x]/12)x = month you invested An Example: Lets assume Mme Guru and M. Bgl Inc both had 1Mn worth of shares by 31/12/2012.They both add 150,000 worth of shares in different times with Mme Guru investing in March and M. Bgl investing in Sept. While both will have 1.15million shares as at 31/12/2013 Mme Guru will earn more dividend (100,125) compared to M.Bgl (93,375) 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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Rank: Member Joined: 3/3/2014 Posts: 131
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BGL wrote:guru267 wrote:BGL wrote:guru267 wrote:Share capital as at 31 Dec 2013 = 692,570,359
Proposed dividend as at same date = 61,826,149 (9%)
Someone explain to me how this will be pro rated because I don't get it??
Mme guru267 you are VERY wrong! I have been on this thing since 2010. To prove it i will (if you want) send you financial statements from 2009 and you can explain the variance between the calculated dividends and the paid dividend. This variance is brought about by the prorating that i am talking about it. To begin with in 2013: this 9% you are quoting has a variance of 505,183 as a result of pro ration If someone wants these financial statements put email here and do your calculations. FYI it is only on 2011 when UNAITAS was under investigation from CMA that the calculated dividend was equal to the paid amount here are my calculationsyear * share cap * 9% * proposed * variance 2013* 692570359 * 62331332 * 61826149* 505,183 2012* 404249805 * 36382482 * 31624690* 4,775,792 2011* 233080592 * 20977253 * 20977253* Nil 2010* 176475431 * 15882789 * 14118034* 1,764,755 2009* 107223076 * 9650077 * 8577846 * 1,072,231 Story mingi and still no explanation on HOW the pro rating is done! I guess ill just wait for my dividend cheque and see... Dividends have been PAID but if you are waiting for a dividend cheque you will wait for eternity. The dividend is in your dividend account and can be accessed from any UNAITAS branch in Kenya. Back to pro rating and how it is done. The opening balance (i guess you know what this means)....what you hold as at jan 01 earns full dividend which in our case is 9% For the payments made during the year The formula is Amount invested*9%*([12-x]/12)x = month you invested An Example: Lets assume Mme Guru and M. Bgl Inc both had 1Mn worth of shares by 31/12/2012.They both add 150,000 worth of shares in different times with Mme Guru investing in March and M. Bgl investing in Sept. While both will have 1.15million shares as at 31/12/2013 Mme Guru will earn more dividend (100,125) compared to M.Bgl (93,375) @ BGL please confirm if what you are saying is true. I have already called two guys who work in the sacco and they have confirmed dividends are paid the same way as NSE listed companies do. I highly doubt they are wrong because I have been depositing cash irregularly since 2011 and I always countercheck my dividends. IMITATION IS LIMITATION
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Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
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Murang'a wrote:BGL wrote:guru267 wrote:BGL wrote:guru267 wrote:Share capital as at 31 Dec 2013 = 692,570,359
Proposed dividend as at same date = 61,826,149 (9%)
Someone explain to me how this will be pro rated because I don't get it??
Mme guru267 you are VERY wrong! I have been on this thing since 2010. To prove it i will (if you want) send you financial statements from 2009 and you can explain the variance between the calculated dividends and the paid dividend. This variance is brought about by the prorating that i am talking about it. To begin with in 2013: this 9% you are quoting has a variance of 505,183 as a result of pro ration If someone wants these financial statements put email here and do your calculations. FYI it is only on 2011 when UNAITAS was under investigation from CMA that the calculated dividend was equal to the paid amount here are my calculationsyear * share cap * 9% * proposed * variance 2013* 692570359 * 62331332 * 61826149* 505,183 2012* 404249805 * 36382482 * 31624690* 4,775,792 2011* 233080592 * 20977253 * 20977253* Nil 2010* 176475431 * 15882789 * 14118034* 1,764,755 2009* 107223076 * 9650077 * 8577846 * 1,072,231 Story mingi and still no explanation on HOW the pro rating is done! I guess ill just wait for my dividend cheque and see... Dividends have been PAID but if you are waiting for a dividend cheque you will wait for eternity. The dividend is in your dividend account and can be accessed from any UNAITAS branch in Kenya. Back to pro rating and how it is done. The opening balance (i guess you know what this means)....what you hold as at jan 01 earns full dividend which in our case is 9% For the payments made during the year The formula is Amount invested*9%*([12-x]/12)x = month you invested An Example: Lets assume Mme Guru and M. Bgl Inc both had 1Mn worth of shares by 31/12/2012.They both add 150,000 worth of shares in different times with Mme Guru investing in March and M. Bgl investing in Sept. While both will have 1.15million shares as at 31/12/2013 Mme Guru will earn more dividend (100,125) compared to M.Bgl (93,375) @ BGL please confirm if what you are saying is true. I have already called two guys who work in the sacco and they have confirmed dividends are paid the same way as NSE listed companies do. I highly doubt they are wrong because I have been depositing cash irregularly since 2011 and I always countercheck my dividends. Merçi  Mark 12:29
Deuteronomy 4:16
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Rank: Member Joined: 3/3/2014 Posts: 131
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guru267 wrote:Murang'a wrote:BGL wrote:guru267 wrote:BGL wrote:guru267 wrote:Share capital as at 31 Dec 2013 = 692,570,359
Proposed dividend as at same date = 61,826,149 (9%)
Someone explain to me how this will be pro rated because I don't get it??
Mme guru267 you are VERY wrong! I have been on this thing since 2010. To prove it i will (if you want) send you financial statements from 2009 and you can explain the variance between the calculated dividends and the paid dividend. This variance is brought about by the prorating that i am talking about it. To begin with in 2013: this 9% you are quoting has a variance of 505,183 as a result of pro ration If someone wants these financial statements put email here and do your calculations. FYI it is only on 2011 when UNAITAS was under investigation from CMA that the calculated dividend was equal to the paid amount here are my calculationsyear * share cap * 9% * proposed * variance 2013* 692570359 * 62331332 * 61826149* 505,183 2012* 404249805 * 36382482 * 31624690* 4,775,792 2011* 233080592 * 20977253 * 20977253* Nil 2010* 176475431 * 15882789 * 14118034* 1,764,755 2009* 107223076 * 9650077 * 8577846 * 1,072,231 Story mingi and still no explanation on HOW the pro rating is done! I guess ill just wait for my dividend cheque and see... Dividends have been PAID but if you are waiting for a dividend cheque you will wait for eternity. The dividend is in your dividend account and can be accessed from any UNAITAS branch in Kenya. Back to pro rating and how it is done. The opening balance (i guess you know what this means)....what you hold as at jan 01 earns full dividend which in our case is 9% For the payments made during the year The formula is Amount invested*9%*([12-x]/12)x = month you invested An Example: Lets assume Mme Guru and M. Bgl Inc both had 1Mn worth of shares by 31/12/2012.They both add 150,000 worth of shares in different times with Mme Guru investing in March and M. Bgl investing in Sept. While both will have 1.15million shares as at 31/12/2013 Mme Guru will earn more dividend (100,125) compared to M.Bgl (93,375) @ BGL please confirm if what you are saying is true. I have already called two guys who work in the sacco and they have confirmed dividends are paid the same way as NSE listed companies do. I highly doubt they are wrong because I have been depositing cash irregularly since 2011 and I always countercheck my dividends. Merçi Bienvenue IMITATION IS LIMITATION
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