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Safaricom Investment Cooperative
Rank: New-farer Joined: 6/3/2014 Posts: 58 Location: Nairobi
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murchr wrote: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? Hi the 3K monthly will translate to 102 shares (3K*12/350(price per share) Yes you can re-invest the whole amount. However, note that the dividends given is proportionately divided by the number of months of deposit, such that the 3k in January will earn a higher dividend than the 3k deposited in December. Be ignorant and ask a few questions - Peter Drucker
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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Stract_Consulting wrote:murchr wrote: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? Hi the 3K monthly will translate to 102 shares (3K*12/350(price per share) Yes you can re-invest the whole amount. However, note that the dividends given is proportionately divided by the number of months of deposit, such that the 3k in January will earn a higher dividend than the 3k deposited in December. Great!! thanks "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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Rank: Elder Joined: 8/4/2008 Posts: 2,849 Location: Rupi
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Stract_Consulting wrote:murchr wrote: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? Hi the 3K monthly will translate to 102 shares (3K*12/350(price per share) Yes you can re-invest the whole amount. However, note that the dividends given is proportionately divided by the number of months of deposit, such that the 3k in January will earn a higher dividend than the 3k deposited in December. @Stract what is the minimum monthly contribution for individuals? Lord, thank you!
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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Euge wrote:Stract_Consulting wrote:murchr wrote: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? Hi the 3K monthly will translate to 102 shares (3K*12/350(price per share) Yes you can re-invest the whole amount. However, note that the dividends given is proportionately divided by the number of months of deposit, such that the 3k in January will earn a higher dividend than the 3k deposited in December. @Stract what is the minimum monthly contribution for individuals? 3K "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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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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Members, is there a way one can be tracking their account online instead of waiting for statements? "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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Rank: Elder Joined: 7/22/2009 Posts: 7,838
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Stract_Consulting wrote: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 These questions are directed to all "chair" holders 1) I want to get in just before the next AGM. That means I buy at 350/=, right? 2) How will my dividends be calculated? 100% or prorated (to almost 0% if I join just before the AGM)? 3) If the dividends are prorated, how does that affect (3) above - i.e. plough back and payout? What if my prorated dividend is not enough to plough back (65%). What then? Do you ask me for top up or I end up with "class B" shares [Highly unlikely!] 4) Am I eligible as a non Safcom individual. 5) What if I want to get out (not that I am planning to)? Is there an exit procedure? share buy back etc. 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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Rank: Elder Joined: 7/22/2009 Posts: 7,838
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How much (in Kshs. not percentages) did you guys get in dividends per share. Money in the pocket/bank - exclude plough back manenos. 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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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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MaichBlack wrote:Stract_Consulting wrote: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 These questions are directed to all "chair" holders 1) I want to get in just before the next AGM. That means I buy at 350/=, right? Yes 300 shares at 350 ea2) How will my dividends be calculated? 100% or prorated (to almost 0% if I join just before the AGM)? depends on when you get in, ref BGL answered this above3) If the dividends are prorated, how does that affect (3) above - i.e. plough back and payout? What if my prorated dividend is not enough to plough back (65%). What then? Do you ask me for top up or I end up with "class B" shares [Highly unlikely!] 4) Am I eligible as a non Safcom individual. Yes tho you may need to be introduced by a member5) What if I want to get out (not that I am planning to)? Is there an exit procedure? share buy back etc. Yes, shares are floated every Tuesday I guess Check out their webpage sic.co.ke "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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Rank: Elder Joined: 7/22/2009 Posts: 7,838
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murchr wrote:MaichBlack wrote:Stract_Consulting wrote: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 These questions are directed to all "chair" holders 1) I want to get in just before the next AGM. That means I buy at 350/=, right? Yes 300 shares at 350 ea2) How will my dividends be calculated? 100% or prorated (to almost 0% if I join just before the AGM)? depends on when you get in, ref BGL answered this above3) If the dividends are prorated, how does that affect (3) above - i.e. plough back and payout? What if my prorated dividend is not enough to plough back (65%). What then? Do you ask me for top up or I end up with "class B" shares [Highly unlikely!] 4) Am I eligible as a non Safcom individual. Yes tho you may need to be introduced by a member5) What if I want to get out (not that I am planning to)? Is there an exit procedure? share buy back etc. Yes, shares are floated every Tuesday I guess Check out their webpage sic.co.ke Thanks bro. Very helpful. Only thing remaining is my 3rd question. 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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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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MaichBlack wrote:murchr wrote:MaichBlack wrote:Stract_Consulting wrote: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 These questions are directed to all "chair" holders 1) I want to get in just before the next AGM. That means I buy at 350/=, right? Yes 300 shares at 350 ea2) How will my dividends be calculated? 100% or prorated (to almost 0% if I join just before the AGM)? depends on when you get in, ref BGL answered this above3) If the dividends are prorated, how does that affect (3) above - i.e. plough back and payout? What if my prorated dividend is not enough to plough back (65%). What then? Do you ask me for top up or I end up with "class B" shares [Highly unlikely!] 4) Am I eligible as a non Safcom individual. Yes tho you may need to be introduced by a member5) What if I want to get out (not that I am planning to)? Is there an exit procedure? share buy back etc. Yes, shares are floated every Tuesday I guess Check out their webpage sic.co.ke Thanks bro. Very helpful. Only thing remaining is my 3rd question. Cheers! I'd like to know the answer of that too...I just joined.  "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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