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Safaricom Investment Cooperative
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enyands
#181 Posted : Tuesday, March 03, 2015 3:28:24 AM
Rank: Elder

Joined: 12/25/2014
Posts: 2,301
Location: kenya
@eco , kindly send me your email address need your expertise opinion on something . Mine is nyangshe@gmail.com.
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eco
#182 Posted : Tuesday, March 03, 2015 10:07:33 AM
Rank: Member

Joined: 6/17/2011
Posts: 229
enyands wrote:
@eco , kindly send me your email address need your expertise opinion on something . Mine is nyangshe@gmail.com.


@enyands, check your email.
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eco
#183 Posted : Tuesday, March 03, 2015 10:17:49 AM
Rank: Member

Joined: 6/17/2011
Posts: 229
Mukiri wrote:
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?


@Mukiri, 'the children of slaves are slaves and must work! As they labor for me, so great shall be the income from their combined efforts.'
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vickii
#184 Posted : Tuesday, March 03, 2015 1:03:26 PM
Rank: New-farer

Joined: 3/13/2014
Posts: 16
More projects on housing. The latest being
a villa for as little as Kshs 160,000. Offer valid till 31st March 2015.The full value is Kes 13.5m

ground breaking ceremony on 7th March 2015. in Rongai.
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webish
#185 Posted : Tuesday, March 03, 2015 1:50:28 PM
Rank: Member

Joined: 10/19/2009
Posts: 671
Location: Nairobi
vickii wrote:
More projects on housing. The latest being
a villa for as little as Kshs 160,000. Offer valid till 31st March 2015.The full value is Kes 13.5m

ground breaking ceremony on 7th March 2015. in Rongai.



More details?

Life is joy, death is peace, but the transition is very difficult.
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webish
#186 Posted : Tuesday, March 03, 2015 1:54:12 PM
Rank: Member

Joined: 10/19/2009
Posts: 671
Location: Nairobi
Very scanty information regarding Ruaka Ridge..which according to them is 2015 Flagship project... Floor plans, plinth area details not available.
Anyone who has access to these?

Life is joy, death is peace, but the transition is very difficult.
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Mukiri
#187 Posted : Thursday, March 05, 2015 1:43:01 AM
Rank: Elder

Joined: 7/11/2012
Posts: 5,222
eco wrote:
Mukiri wrote:
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?


@Mukiri, 'the children of slaves are slaves and must work! As they labor for me, so great shall be the income from their combined efforts.'

Nkt.. There's a quote section in SKL, where you can put this evil dark one. Vanity.

Proverbs 19:21
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Stract_Consulting
#188 Posted : Thursday, March 19, 2015 10:00:12 AM
Rank: New-farer

Joined: 6/3/2014
Posts: 58
Location: Nairobi
webish wrote:
vickii wrote:
More projects on housing. The latest being
a villa for as little as Kshs 160,000. Offer valid till 31st March 2015.The full value is Kes 13.5m

ground breaking ceremony on 7th March 2015. in Rongai.



More details?

See here for the details on Ruaka Ridge
Be ignorant and ask a few questions - Peter Drucker
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Stract_Consulting
#189 Posted : Thursday, March 19, 2015 10:05:13 AM
Rank: New-farer

Joined: 6/3/2014
Posts: 58
Location: Nairobi
Following the AGM held on 28th February 2015, the following were reviewed and adopted as resolutions:

1.The share price adjustment will be pegged on the performance of the Society in the previous year.
2. Based on #1 above the share price was adjusted to Ksh.350 from Ksh.280. This is effective from 28th Feb 2015
3. The rebates will be distributed on a 65% plough back and 35% payout ratio. Payment will start from 11th March to 31st March 2015.
4. The Board size to expand to 9 from the current 7. This is effective from 2016
5. One slot in the Board is to be assigned to members who are non-Safaricom staff
6. Eligibility to the Board to change from 2years membership to 3years membership. Other terms remain unchanged.
7. Joining fees for groups adjusted to Ksh. 30,000 from the previous Ksh. 15,000.
8. All groups are to make a minimum monthly payment of Ksh.15,000 being Ksh.3,000 per member.
9. Groups are to make contributions per member at the rate of Ksh.3,000 per member
Be ignorant and ask a few questions - Peter Drucker
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murchr
#190 Posted : Sunday, March 29, 2015 3:43:38 PM
Rank: Elder

Joined: 2/26/2012
Posts: 15,980
I need some education, the 3K monthly deposit translates to what after the year ends? Can one opt to have the entire 100% plough back?
"There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
.
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