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Safaricom Investment Cooperative
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BGL
#161 Posted : Thursday, February 05, 2015 8:58:23 AM
Rank: Veteran


Joined: 10/11/2009
Posts: 1,223
The Ground Breaking ceremony of the second real estate development by SIC christened Ruaka Ridge Apartments is on Saturday 7th February in RUAKA @1030hrs.

SIC is growing in leaps and bounds. Time for those watching from the sidelines to join and make money.
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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butterflyke
#162 Posted : Thursday, February 05, 2015 9:30:09 AM
Rank: Elder


Joined: 5/1/2010
Posts: 3,024
Location: Hapa
BGL wrote:
The Ground Breaking ceremony of the second real estate development by SIC christened Ruaka Ridge Apartments is on Saturday 7th February in RUAKA @1030hrs.

SIC is growing in leaps and bounds. Time for those watching from the sidelines to join and make money.


Does this mean that you have changed your opinion about SIC 'stinking'?

Wapi @accelriskconsult for his opinion too?
Float like a butterfly, sting like a bee. - Muhammad Ali🐝
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eco
#163 Posted : Thursday, February 05, 2015 10:04:22 AM
Rank: Member


Joined: 6/17/2011
Posts: 229
butterflyke wrote:
BGL wrote:
The Ground Breaking ceremony of the second real estate development by SIC christened Ruaka Ridge Apartments is on Saturday 7th February in RUAKA @1030hrs.

SIC is growing in leaps and bounds. Time for those watching from the sidelines to join and make money.


Does this mean that you have changed your opinion about SIC 'stinking'?

Wapi @accelriskconsult for his opinion too?


Very well, housing project 2 is welcome. Adding value on land and selling at a premium is better than just retailing vacant land. When is the AGM we get feedback of project 1?
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The optimist
#164 Posted : Sunday, February 08, 2015 5:46:04 PM
Rank: Member


Joined: 6/14/2010
Posts: 521
Location: Nairobi
eco wrote:
butterflyke wrote:
BGL wrote:
The Ground Breaking ceremony of the second real estate development by SIC christened Ruaka Ridge Apartments is on Saturday 7th February in RUAKA @1030hrs.

SIC is growing in leaps and bounds. Time for those watching from the sidelines to join and make money.


Does this mean that you have changed your opinion about SIC 'stinking'?

Wapi @accelriskconsult for his opinion too?


Very well, housing project 2 is welcome. Adding value on land and selling at a premium is better than just retailing vacant land. When is the AGM we get feedback of project 1?
Last year's AGM was held on 27th Feb. The Sacco's AGM is to be held on 21st Feb 2015. I guess SIC AGM will come in the week after the Sacco's.
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eco
#165 Posted : Tuesday, February 10, 2015 10:49:32 AM
Rank: Member


Joined: 6/17/2011
Posts: 229
SIC AGM scheduled Saturday 28th February, 2015 at Michael Joseph Center, Safaricom House from 10 AM - 3 PM
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BGL
#166 Posted : Tuesday, February 10, 2015 11:04:37 AM
Rank: Veteran


Joined: 10/11/2009
Posts: 1,223
eco wrote:
SIC AGM scheduled Saturday 28th February, 2015 at Michael Joseph Center, Safaricom House from 10 AM - 3 PM


For the first time they have held it during the day. I will attend.
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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$moothie!
#167 Posted : Tuesday, February 10, 2015 11:38:55 AM
Rank: Member


Joined: 3/20/2008
Posts: 8
PLease explain what is the share revaluation based on? the movement from 230 to 280 etc, where did this 50/- come from?
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The optimist
#168 Posted : Tuesday, February 10, 2015 11:39:50 AM
Rank: Member


Joined: 6/14/2010
Posts: 521
Location: Nairobi
BGL wrote:
eco wrote:
SIC AGM scheduled Saturday 28th February, 2015 at Michael Joseph Center, Safaricom House from 10 AM - 3 PM


For the first time they have held it during the day. I will attend.
Will be there too.
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The optimist
#169 Posted : Thursday, February 19, 2015 4:15:01 PM
Rank: Member


Joined: 6/14/2010
Posts: 521
Location: Nairobi
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The optimist
#170 Posted : Saturday, February 21, 2015 7:14:39 AM
Rank: Member


Joined: 6/14/2010
Posts: 521
Location: Nairobi
The optimist wrote:
2014 Results



Rebates 2014- 25%
Rebates 2013- 27%
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yosie14
#171 Posted : Sunday, March 01, 2015 12:51:06 PM
Rank: Member


Joined: 12/17/2013
Posts: 118
Any updates from those who attended the AGM...New share price?
KCB,NMG,PAFR
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The optimist
#172 Posted : Sunday, March 01, 2015 2:35:43 PM
Rank: Member


Joined: 6/14/2010
Posts: 521
Location: Nairobi
yosie14 wrote:
Any updates from those who attended the AGM...New share price?

350/-
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BGL
#173 Posted : Sunday, March 01, 2015 2:38:40 PM
Rank: Veteran


Joined: 10/11/2009
Posts: 1,223
yosie14 wrote:
Any updates from those who attended the AGM...New share price?


The new share price is Ksh350
rebates declared at 25%, out of which 65% was capitalized at Ksh280 and 35% willbe paid out.

The shares register will not be open forever. Once we get to 1.5bn the share will be closed and it is expected by dec 2016. Currently we are at 800mn.
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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yosie14
#174 Posted : Sunday, March 01, 2015 4:39:31 PM
Rank: Member


Joined: 12/17/2013
Posts: 118
BGL wrote:
yosie14 wrote:
Any updates from those who attended the AGM...New share price?


The new share price is Ksh350
rebates declared at 25%, out of which 65% was capitalized at Ksh280 and 35% willbe paid out.

The shares register will not be open forever. Once we get to 1.5bn the share will be closed and it is expected by dec 2016. Currently we are at 800mn.


Thanks
KCB,NMG,PAFR
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Euge
#175 Posted : Sunday, March 01, 2015 6:40:26 PM
Rank: Elder


Joined: 8/4/2008
Posts: 2,849
Location: Rupi
BGL wrote:
yosie14 wrote:
Any updates from those who attended the AGM...New share price?


The new share price is Ksh350
rebates declared at 25%, out of which 65% was capitalized at Ksh280 and 35% willbe paid out.

The shares register will not be open forever. Once we get to 1.5bn the share will be closed and it is expected by dec 2016. Currently we are at 800mn.

@BGL What is the minimum number of shares one can buy?
Lord, thank you!
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The optimist
#176 Posted : Sunday, March 01, 2015 7:26:57 PM
Rank: Member


Joined: 6/14/2010
Posts: 521
Location: Nairobi
Euge wrote:
BGL wrote:
yosie14 wrote:
Any updates from those who attended the AGM...New share price?


The new share price is Ksh350
rebates declared at 25%, out of which 65% was capitalized at Ksh280 and 35% willbe paid out.

The shares register will not be open forever. Once we get to 1.5bn the share will be closed and it is expected by dec 2016. Currently we are at 800mn.

@BGL What is the minimum number of shares one can buy?

300 shares has been the minimum number of shares for entry as an individual.
Registration fee Ksh 6000
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Euge
#177 Posted : Sunday, March 01, 2015 7:59:00 PM
Rank: Elder


Joined: 8/4/2008
Posts: 2,849
Location: Rupi
The optimist wrote:
Euge wrote:
BGL wrote:
yosie14 wrote:
Any updates from those who attended the AGM...New share price?


The new share price is Ksh350
rebates declared at 25%, out of which 65% was capitalized at Ksh280 and 35% willbe paid out.

The shares register will not be open forever. Once we get to 1.5bn the share will be closed and it is expected by dec 2016. Currently we are at 800mn.

@BGL What is the minimum number of shares one can buy?

300 shares has been the minimum number of shares for entry as an individual.
Registration fee Ksh 6000

Thanks Optimist!
Lord, thank you!
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BGL
#178 Posted : Sunday, March 01, 2015 9:06:51 PM
Rank: Veteran


Joined: 10/11/2009
Posts: 1,223
registration fee is 10k not 6k.
for an individual to join s(he) requires 115k. 10k payable instantly and 300shares X 350 =105k payable in 3 months.
the figure is slightly higher for groups. x
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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eco
#179 Posted : Sunday, March 01, 2015 9:35:17 PM
Rank: Member


Joined: 6/17/2011
Posts: 229
BGL wrote:
yosie14 wrote:
Any updates from those who attended the AGM...New share price?


The new share price is Ksh350
rebates declared at 25%, out of which 65% was capitalized at Ksh280 and 35% willbe paid out.

The shares register will not be open forever. Once we get to 1.5bn the share will be closed and it is expected by dec 2016. Currently we are at 800mn.


Thanks @BGL. This is yet another great vehicle to multiply money and build wealth. 25% rebates and capital gain of KES 70 per share not bad! I have been reinvesting 100% of my rebates and the growth is terrific!
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Mukiri
#180 Posted : Tuesday, March 03, 2015 1:39:16 AM
Rank: Elder


Joined: 7/11/2012
Posts: 5,222
eco wrote:
BGL wrote:
yosie14 wrote:
Any updates from those who attended the AGM...New share price?


The new share price is Ksh350
rebates declared at 25%, out of which 65% was capitalized at Ksh280 and 35% willbe paid out.

The shares register will not be open forever. Once we get to 1.5bn the share will be closed and it is expected by dec 2016. Currently we are at 800mn.


Thanks @BGL. This is yet another great vehicle to multiply money and build wealth. 25% rebates and capital gain of KES 70 per share not bad! I have been reinvesting 100% of my rebates and the growth is terrific!

What do you mean? And how do you do it?

Proverbs 19:21
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