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UNAITAS
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hmmm
#251 Posted : Friday, June 20, 2014 10:19:45 AM
Rank: New-farer

Joined: 10/11/2011
Posts: 25
Is it possible to sell unaitas shares before they list - or you have to wait until they list?
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guru267
#252 Posted : Friday, June 20, 2014 11:56:10 AM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
hmmm wrote:
Is it possible to sell unaitas shares before they list - or you have to wait until they list?


No way... Trapped until they join OTC or NSE!


No speculators allowed!
Mark 12:29
Deuteronomy 4:16
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DtheK
#253 Posted : Friday, June 20, 2014 1:58:00 PM
Rank: Member

Joined: 2/15/2010
Posts: 166
Location: Kenya
Will majority of unaitas initial customers base really benefit from it’s conversion to a bank?
First to go will be their dividends of around 8 to 9%, almost guaranteed.
There will then be a distinction between owners and customers. Which means customers will not have as much influence on how they should be treated in for example let’s say fees where in some banks you have to part with 500 to get your statement stamped. If all customers were shareholders and of the economic class of unaitas’ initial customers base they would definitely object to this at the A.G.M.
The cheaper borrowing rates will also go since on average banks charge more. And there will be less incentive to save since a loan will not be necessarily linked to the shares owned.
In short saccos are still as relevant today as when it was formed.
For the tea farmers wouldn’t it make more sense for unaitas to buy a bank rather than become a bank?
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jerry
#254 Posted : Friday, June 20, 2014 3:39:34 PM
Rank: Elder

Joined: 9/29/2006
Posts: 2,570
DtheK wrote:
Will majority of unaitas initial customers base really benefit from it’s conversion to a bank?
First to go will be their dividends of around 8 to 9%, almost guaranteed.
There will then be a distinction between owners and customers. Which means customers will not have as much influence on how they should be treated in for example let’s say fees where in some banks you have to part with 500 to get your statement stamped. If all customers were shareholders and of the economic class of unaitas’ initial customers base they would definitely object to this at the A.G.M.
The cheaper borrowing rates will also go since on average banks charge more. And there will be less incentive to save since a loan will not be necessarily linked to the shares owned.
In short saccos are still as relevant today as when it was formed.
For the tea farmers wouldn’t it make more sense for unaitas to buy a bank rather than become a bank?

You cannot eat your cake and still have it. Do a study on Equity Bank and report back!
The opposite of courage is not cowardice, it's conformity.
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Kihara joni
#255 Posted : Sunday, June 22, 2014 6:16:42 PM
Rank: Member

Joined: 5/8/2013
Posts: 386
Location: Nyali mombasa
Hoping to buy some shares this coming week, and will buy eveyr week untill they stop selling
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Kastone
#256 Posted : Thursday, June 26, 2014 10:00:03 AM
Rank: New-farer

Joined: 3/1/2014
Posts: 82
Kihara joni wrote:
Hoping to buy some shares this coming week, and will buy eveyr week untill they stop selling


Or you can alternatively use an appointed agent to open the account for you, at no cost!
“The beauty of success is that it doesn’t matter how many times you have failed, you only have to be right once and then everyone can tell you how lucky you are.” - Mark Cuban
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wannaberich
#257 Posted : Friday, June 27, 2014 10:14:11 AM
Rank: Member

Joined: 4/24/2014
Posts: 159
Location: Nairobi
Kastone wrote:
Kihara joni wrote:
Hoping to buy some shares this coming week, and will buy eveyr week untill they stop selling


Or you can alternatively use an appointed agent to open the account for you, at no cost!



Is it too late to join
Money comes and goes. When you have it enjoy it.
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Ngundi
#258 Posted : Friday, June 27, 2014 12:05:42 PM
Rank: Member

Joined: 5/8/2008
Posts: 20
wannaberich wrote:
Kastone wrote:
Kihara joni wrote:
Hoping to buy some shares this coming week, and will buy eveyr week untill they stop selling


Or you can alternatively use an appointed agent to open the account for you, at no cost!



Is it too late to join


Hi Kihara et al. There comes a time when speed is of great essence. This also applies when taking up investment vehicles since some of them have a time period within which you can take them up. Unaitas has attained ALL requirements to convert to a bank. I believe the ongoing consultancy on Capital Restructuring will be concluded soon and what will follow is a CLOSURE OF REGISTER!!
Having experienced Equity and CIC, all I can say is Get in Big Time when the window is still open. Once it closes, those inside will be like "o my God is Good Ooh" and those outside will be like "Serikali tafadhali!!!"
Happy investing all. This is the greatest online family I have ever known.
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wannaberich
#259 Posted : Friday, June 27, 2014 3:10:27 PM
Rank: Member

Joined: 4/24/2014
Posts: 159
Location: Nairobi
Ngundi wrote:
wannaberich wrote:
Kastone wrote:
Kihara joni wrote:
Hoping to buy some shares this coming week, and will buy eveyr week untill they stop selling


Or you can alternatively use an appointed agent to open the account for you, at no cost!



Is it too late to join


Hi Kihara et al. There comes a time when speed is of great essence. This also applies when taking up investment vehicles since some of them have a time period within which you can take them up. Unaitas has attained ALL requirements to convert to a bank. I believe the ongoing consultancy on Capital Restructuring will be concluded soon and what will follow is a CLOSURE OF REGISTER!!
Having experienced Equity and CIC, all I can say is Get in Big Time when the window is still open. Once it closes, those inside will be like "o my God is Good Ooh" and those outside will be like "Serikali tafadhali!!!"
Happy investing all. This is the greatest online family I have ever known.



visisted their office today and the door is still slightly open but closing faaaast
Money comes and goes. When you have it enjoy it.
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target1360
#260 Posted : Saturday, June 28, 2014 3:52:21 PM
Rank: Member

Joined: 5/14/2014
Posts: 289
Location: nairobi
target1360 wrote:
guru267 wrote:
target1360 wrote:
jerry wrote:
target1360 wrote:
jerry wrote:
target1360 wrote:
I have bought some to atleast book myself a seat before the doors are closed! ladies and gentlemen enjoy the ride!

It (UNAITAS) must be a great business! When are they likely to close doors?


i think anytime from now! currently they are at around 700m,their target is a billion to convert to a bank as they say..
The 8-9%dividend is almost equivalent to a money market account in kenya but again dividends (owner)are sweeter than interest((customer)

They reached 1.3Bn last month i and are targeting 1.8Bn. See post #241.


@jerry thank you for the info.
I hope they list soon


Listing on NSE is for 2018 earliest... Hope you weren't planning to exit this year!


@guru i see this wasnt the smartest decision i have made consindering my poor research on it.but i l try not to ever exit this one so long as it consistently paying some dividend.


buying a few pieces of unaitas wasnt a bad decision after all.will keep buying
I find satisfaction in owning great business,not trading them
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