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Safaricom Investment Cooperative
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C3PO
#281 Posted : Saturday, October 31, 2015 12:18:26 PM
Rank: Hello

Joined: 10/31/2015
Posts: 3
Location: Nairobi
MaichBlack, yes you can buy directly from SIC but the ones acquired through that route start accruing dividends from the month after purchase. Those bought from other members come with whatever dividends they'll have already accrued. SIC sells at 350 KES a share, other members cannot sell above 350 or below 325 KES/share. Their buying/selling system is opaque. One is at the mercy of the guys matching the bids to the shares on offer. It is very easy for vested interests to hijack the process and, if anyone's being told the highest bid was less than 350 KES/share and people bidding 350 KES/share can't get any, then that horse bolted ages ago.
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MaichBlack
#282 Posted : Saturday, October 31, 2015 2:14:27 PM
Rank: Elder

Joined: 7/22/2009
Posts: 7,838
C3PO wrote:
MaichBlack, yes you can buy directly from SIC but the ones acquired through that route start accruing dividends from the month after purchase. Those bought from other members come with whatever dividends they'll have already accrued.

Thanks for the (new) info. It will come in handy if and when I join the bandwagon.

When does the year close - as in when do they review the share price? February? I need to know till when I can get the shares at 350/=.

One more thing, anyone with inside info on their financial performance this year. The year hasn't be exactly kind to most businesses. This will help me know the cost of missing the cut off deadline for this year (350/=) - how much I will likely buy the shares at in the next financial year!!!
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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murchr
#283 Posted : Saturday, October 31, 2015 3:09:07 PM
Rank: Elder

Joined: 2/26/2012
Posts: 15,980
MaichBlack wrote:
C3PO wrote:
MaichBlack, yes you can buy directly from SIC but the ones acquired through that route start accruing dividends from the month after purchase. Those bought from other members come with whatever dividends they'll have already accrued.

Thanks for the (new) info. It will come in handy if and when I join the bandwagon.

When does the year close - as in when do they review the share price? February? I need to know till when I can get the shares at 350/=.

One more thing, anyone with inside info on their financial performance this year. The year hasn't be exactly kind to most businesses. This will help me know the cost of missing the cut off deadline for this year (350/=) - how much I will likely buy the shares at in the next financial year!!!


Laughing out loudly
"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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MaichBlack
#284 Posted : Saturday, October 31, 2015 3:30:55 PM
Rank: Elder

Joined: 7/22/2009
Posts: 7,838
murchr wrote:
MaichBlack wrote:
C3PO wrote:
MaichBlack, yes you can buy directly from SIC but the ones acquired through that route start accruing dividends from the month after purchase. Those bought from other members come with whatever dividends they'll have already accrued.

Thanks for the (new) info. It will come in handy if and when I join the bandwagon.

When does the year close - as in when do they review the share price? February? I need to know till when I can get the shares at 350/=.

One more thing, anyone with inside info on their financial performance this year. The year hasn't be exactly kind to most businesses. This will help me know the cost of missing the cut off deadline for this year (350/=) - how much I will likely buy the shares at in the next financial year!!!


Laughing out loudly

@murchr - You've lost me. What's funny???

I know it is a weekend and all but...
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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enyands
#285 Posted : Saturday, October 31, 2015 4:41:19 PM
Rank: Elder

Joined: 12/25/2014
Posts: 2,301
Location: kenya
MaichBlack wrote:
murchr wrote:
MaichBlack wrote:
C3PO wrote:
MaichBlack, yes you can buy directly from SIC but the ones acquired through that route start accruing dividends from the month after purchase. Those bought from other members come with whatever dividends they'll have already accrued.

Thanks for the (new) info. It will come in handy if and when I join the bandwagon.

When does the year close - as in when do they review the share price? February? I need to know till when I can get the shares at 350/=.

One more thing, anyone with inside info on their financial performance this year. The year hasn't be exactly kind to most businesses. This will help me know the cost of missing the cut off deadline for this year (350/=) - how much I will likely buy the shares at in the next financial year!!!


Laughing out loudly

@murchr - You've lost me. What's funny???

I know it is a weekend and all but...



I think to @murchr you mentioning that the year hasn't been kind to businesses. Actually it's innocently funny.no offense .
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MaichBlack
#286 Posted : Saturday, October 31, 2015 5:08:10 PM
Rank: Elder

Joined: 7/22/2009
Posts: 7,838
enyands wrote:
MaichBlack wrote:
murchr wrote:
MaichBlack wrote:
C3PO wrote:
MaichBlack, yes you can buy directly from SIC but the ones acquired through that route start accruing dividends from the month after purchase. Those bought from other members come with whatever dividends they'll have already accrued.

Thanks for the (new) info. It will come in handy if and when I join the bandwagon.

When does the year close - as in when do they review the share price? February? I need to know till when I can get the shares at 350/=.

One more thing, anyone with inside info on their financial performance this year. The year hasn't be exactly kind to most businesses. This will help me know the cost of missing the cut off deadline for this year (350/=) - how much I will likely buy the shares at in the next financial year!!!


Laughing out loudly

@murchr - You've lost me. What's funny???

I know it is a weekend and all but...



I think to @murchr you mentioning that the year hasn't been kind to businesses. Actually it's innocently funny.no offense .

Look at what he has highlighted....
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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enyands
#287 Posted : Saturday, October 31, 2015 6:10:09 PM
Rank: Elder

Joined: 12/25/2014
Posts: 2,301
Location: kenya
MaichBlack wrote:
enyands wrote:
MaichBlack wrote:
murchr wrote:
MaichBlack wrote:
C3PO wrote:
MaichBlack, yes you can buy directly from SIC but the ones acquired through that route start accruing dividends from the month after purchase. Those bought from other members come with whatever dividends they'll have already accrued.

Thanks for the (new) info. It will come in handy if and when I join the bandwagon.

When does the year close - as in when do they review the share price? February? I need to know till when I can get the shares at 350/=.

One more thing, anyone with inside info on their financial performance this year. The year hasn't be exactly kind to most businesses. This will help me know the cost of missing the cut off deadline for this year (350/=) - how much I will likely buy the shares at in the next financial year!!!


Laughing out loudly

@murchr - You've lost me. What's funny???

I know it is a weekend and all but...



I think to @murchr you mentioning that the year hasn't been kind to businesses. Actually it's innocently funny.no offense .

Look at what he has highlighted....


Then I don't know.
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murchr
#288 Posted : Saturday, October 31, 2015 7:43:44 PM
Rank: Elder

Joined: 2/26/2012
Posts: 15,980
MaichBlack wrote:
murchr wrote:
MaichBlack wrote:
C3PO wrote:
MaichBlack, yes you can buy directly from SIC but the ones acquired through that route start accruing dividends from the month after purchase. Those bought from other members come with whatever dividends they'll have already accrued.

Thanks for the (new) info. It will come in handy if and when I join the bandwagon.

When does the year close - as in when do they review the share price? February? I need to know till when I can get the shares at 350/=.

One more thing, anyone with inside info on their financial performance this year. The year hasn't be exactly kind to most businesses. This will help me know the cost of missing the cut off deadline for this year (350/=) - how much I will likely buy the shares at in the next financial year!!!


Laughing out loudly

@murchr - You've lost me. What's funny???

I know it is a weekend and all but...


Bado haujanunua?
"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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MaichBlack
#289 Posted : Saturday, October 31, 2015 8:16:06 PM
Rank: Elder

Joined: 7/22/2009
Posts: 7,838
murchr wrote:
MaichBlack wrote:
murchr wrote:
MaichBlack wrote:
C3PO wrote:
MaichBlack, yes you can buy directly from SIC but the ones acquired through that route start accruing dividends from the month after purchase. Those bought from other members come with whatever dividends they'll have already accrued.

Thanks for the (new) info. It will come in handy if and when I join the bandwagon.

When does the year close - as in when do they review the share price? February? I need to know till when I can get the shares at 350/=.

One more thing, anyone with inside info on their financial performance this year. The year hasn't be exactly kind to most businesses. This will help me know the cost of missing the cut off deadline for this year (350/=) - how much I will likely buy the shares at in the next financial year!!!


Laughing out loudly

@murchr - You've lost me. What's funny???

I know it is a weekend and all but...


Bado haujanunua?

Bado. I had a buying schedule for diferent stocks. My target buying time for SIC haijafika if you read my posts earlier this year.

I was to buy just before their year ends but that might change if I can get some of my target shares at the NSE at a stupid discount. I might elect to buy them even if that means buying SIC shares later at a higher price and hence my earlier questions. I was to buy Unaitas before end of Dec but I am rethinking that too.

I had targets. I haven't missed any so far but given the prevailing environment, I might re evaluate what I buy and when.
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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  | | Edit by user: Saturday, October 31, 2015 8:22 PM | Reason: Not specified
merkava
#290 Posted : Friday, January 15, 2016 12:53:45 PM
Rank: New-farer

Joined: 11/16/2015
Posts: 39
Location: Nairobi
Does anyone know when S.I.C AGM 2016 is slated for?
Barikiwa tufanane
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