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timuka		#441 Posted : Monday, March 23, 2015 8:12:16 AM
Rank: Member Joined: 1/21/2013 Posts: 427		Pesa Nane wrote: Unaitas boosts its share capital ahead of change to bank Net profits FLAT at Sh258.56 million in 2014 Vs Sh246.66 million in 2013. 2014 Loans and advances 33% up to Sh4.85 billion Vs Sh3.64 billion in 2013. Share capital Sh1.44 billion in 2014 Vs Sh693 million in 2013 Sacco membership increased 43 per cent to 200,000 Revenue reserves up 46% to Sh461.8 million from Sh316.9 million in 2013 "Unaitas chief executive Tony Mwangi said the lender has been increasing its reserves in preparation for the conversion [into a commercial bank] and listing on the NSE which is expected to happen in 2018" Why the highlight? The article talks about mid next year...
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guru267		#442 Posted : Monday, March 23, 2015 8:36:38 AM
Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi		No dividends for 2014??? Mark 12:29 Deuteronomy 4:16
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streetwise		#443 Posted : Monday, March 23, 2015 8:49:04 AM
Rank: Veteran Joined: 6/23/2011 Posts: 1,740 Location: Nairobi		No dividents, are there bonus shares then or what ? Or this is a tree which bears no fruits ?.
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MaichBlack		#444 Posted : Monday, March 23, 2015 8:59:13 AM
Rank: Elder Joined: 7/22/2009 Posts: 7,836		guru267 wrote: No dividends for 2014??? streetwise wrote: No dividents, are there bonus shares then or what ? Or this is a tree which bears no fruits ?. You guys tell us. You are the insiders! Have they stated explicitly that there are no dividends or you guys have to wait till the AGM this Friday to find out. I have a very good idea how Unaitas would have structured this share sale to the continued benefit of the current shareholders but I will not say it because I am still on the outside. I will state it here some day! Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
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heri		#445 Posted : Monday, March 23, 2015 9:13:34 AM
Rank: Member Joined: 9/14/2011 Posts: 869 Location: nairobi		how does the estimated market price look like using the EPS? is it like Kshs 18 using PE of 10? i bought a few shares last year and planning to add this year but the flat growth in profits is a concern?
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murchr		#446 Posted : Monday, March 23, 2015 5:31:55 PM
Rank: Elder Joined: 2/26/2012 Posts: 15,980		heri wrote: how does the estimated market price look like using the EPS? is it like Kshs 18 using PE of 10? i bought a few shares last year and planning to add this year but the flat growth in profits is a concern? Same here. "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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streetwise		#447 Posted : Monday, March 23, 2015 5:56:45 PM
Rank: Veteran Joined: 6/23/2011 Posts: 1,740 Location: Nairobi		I figure as has been the custom when they list they will split the shares and sell each shares at the traditional 10 shillings. Depending on the value of the company at that time they may split by 100 to make the affordable i.e. 10 bob. If this happens the long-time investor ( those who waited including not being paid dividends) will be very happy indeed.. And figure this, the share goes to the market and when trading opens the market offers the speculative price of 25 . Let talk then and see if my vision comes true
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heri		#448 Posted : Monday, March 23, 2015 6:01:46 PM
Rank: Member Joined: 9/14/2011 Posts: 869 Location: nairobi		Anyone, please, what is the estimated fair value using the information available? Thanks
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Euge		#449 Posted : Tuesday, March 24, 2015 10:59:14 AM
Rank: Elder Joined: 8/4/2008 Posts: 2,849 Location: Rupi		streetwise wrote: I figure as has been the custom when they list they will split the shares and sell each shares at the traditional 10 shillings. Depending on the value of the company at that time they may split by 100 to make the affordable i.e. 10 bob. If this happens the long-time investor ( those who waited including not being paid dividends) will be very happy indeed.. And figure this, the share goes to the market and when trading opens the market offers the speculative price of 25 . Let talk then and see if my vision comes true Isn't the current value 10 shillings? Lord, thank you!
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streetwise		#450 Posted : Tuesday, March 24, 2015 11:16:02 AM
Rank: Veteran Joined: 6/23/2011 Posts: 1,740 Location: Nairobi		The current value is not 10 shillings, the current selling price is 10 shillings
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