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stima investment cooperative
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ngapat
#41 Posted : Tuesday, January 05, 2016 7:45:10 PM
Rank: Veteran

Joined: 12/11/2006
Posts: 930
murchr wrote:
gatoho wrote:
Speculz wrote:
BGL wrote:
Speculz wrote:
BGL wrote:
Impunity wrote:
gatoho wrote:
BGL wrote:
I need to board this bus.


Belatedly aboard


Minimum shares ni ngapi na ni pesa ngapi?


Minimum shares = 300 @ 200bob per share
Membership fee = 5,000
Total = 65,000.00


@BGL, out of the minimum shares , any further breakdown on the 60k? or does the whole 60k qualify for dividends?


The 60K qualify for dividends BUT the dividend is prorated.


Well, was informed that only half the amount qualifies ..

When I paid it was receipted differently and left me puzzled


Am also at loggerheads with them about receipting and bookkeeping

The par value of each share is ksh 100. However the first 300 shares are sold at a premium of kshs 100 which means you pay kshs 60000 for them but will be considered as kshs 30000 which is what will be considered for dividends if fully paid for.The other 30000 kshs will go to the balance sheet as share premium. Any extra share you buy above 300 shares from the sacco will be sold to you at 100 kshs.

So dont buy more than 300 shares from someone as you can get them at kshs 100 from the sacco once you buy the minimum 300 shares.
“Invest in yourself. Your career is the engine of your wealth.”
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murchr
#42 Posted : Tuesday, January 26, 2016 9:23:52 PM
Rank: Elder

Joined: 2/26/2012
Posts: 15,980
ngapat wrote:
Rumours has it that they will be paying 21% this year. They are also planning to raise Shs.240 million from members to buy a 40% stake at locally-owned 30MW Oldonyat Wind Power Project and hope to connect the first 10 MW of power to the national grid in February 2016
Later they will be doing geothermal.

I own this unquoted stock



Any progress on this?
"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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enyands
#43 Posted : Tuesday, January 26, 2016 9:30:28 PM
Rank: Elder

Joined: 12/25/2014
Posts: 2,301
Location: kenya
murchr wrote:
ngapat wrote:
Rumours has it that they will be paying 21% this year. They are also planning to raise Shs.240 million from members to buy a 40% stake at locally-owned 30MW Oldonyat Wind Power Project and hope to connect the first 10 MW of power to the national grid in February 2016
Later they will be doing geothermal.

I own this unquoted stock



Any progress on this?


talked to a front desk lady sometime and didn't want to quote a figure but said definitely will be higher than 21%. she said the return this year will be much higher
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murchr
#44 Posted : Tuesday, January 26, 2016 9:37:24 PM
Rank: Elder

Joined: 2/26/2012
Posts: 15,980
enyands wrote:
murchr wrote:
ngapat wrote:
Rumours has it that they will be paying 21% this year. They are also planning to raise Shs.240 million from members to buy a 40% stake at locally-owned 30MW Oldonyat Wind Power Project and hope to connect the first 10 MW of power to the national grid in February 2016
Later they will be doing geothermal.

I own this unquoted stock



Any progress on this?


talked to a front desk lady sometime and didn't want to quote a figure but said definitely will be higher than 21%. she said the return this year will be much higher


That should be interesting
"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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Pesa Nane
#45 Posted : Tuesday, January 26, 2016 10:06:01 PM
Rank: Elder

Joined: 5/25/2012
Posts: 4,105
Location: 08c
ngapat wrote:
murchr wrote:
gatoho wrote:
Speculz wrote:
BGL wrote:
Speculz wrote:
BGL wrote:
Impunity wrote:
gatoho wrote:
BGL wrote:
I need to board this bus.


Belatedly aboard


Minimum shares ni ngapi na ni pesa ngapi?


Minimum shares = 300 @ 200bob per share
Membership fee = 5,000
Total = 65,000.00


@BGL, out of the minimum shares , any further breakdown on the 60k? or does the whole 60k qualify for dividends?


The 60K qualify for dividends BUT the dividend is prorated.


Well, was informed that only half the amount qualifies ..

When I paid it was receipted differently and left me puzzled


Am also at loggerheads with them about receipting and bookkeeping

The par value of each share is ksh 100. However the first 300 shares are sold at a premium of kshs 100 which means you pay kshs 60000 for them but will be considered as kshs 30000 which is what will be considered for dividends if fully paid for.The other 30000 kshs will go to the balance sheet as share premium. Any extra share you buy above 300 shares from the sacco will be sold to you at 100 kshs.

So dont buy more than 300 shares from someone as you can get them at kshs 100 from the sacco once you buy the minimum 300 shares.

Sounds sooo untrue! Someone corroborate this I start flipping the share! (SIC not the SACCO!)
Pesa Nane plans to be shilingi when he grows up.
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  | | Edit by user: Wednesday, January 27, 2016 10:27 AM | Reason: Not specified
jerry
#46 Posted : Wednesday, January 27, 2016 12:20:34 AM
Rank: Elder

Joined: 9/29/2006
Posts: 2,570
We need to talk about "membership fees", "shares", "deposits", "interest" and "dividends". We also have a common terminology used in SACCOs viz "rebates". Therefore 65,000/= could be apportioned to shares, deposits and membership registration/entry fees.
At the end of the year, the shares earn dividends while deposits earn interest.

Disclaimer: Not sure whether above applies to Stima Investment Cooperative.
The opposite of courage is not cowardice, it's conformity.
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  | | Edit by user: Wednesday, January 27, 2016 12:33 AM | Reason: Not specified
murchr
#47 Posted : Tuesday, February 23, 2016 7:10:57 PM
Rank: Elder

Joined: 2/26/2012
Posts: 15,980
When is the AGM?
"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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enyands
#48 Posted : Wednesday, February 24, 2016 5:19:47 PM
Rank: Elder

Joined: 12/25/2014
Posts: 2,301
Location: kenya
murchr wrote:
When is the AGM?


March 4th
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eco
#49 Posted : Monday, February 29, 2016 9:52:23 AM
Rank: Member

Joined: 6/17/2011
Posts: 229
23% rebates great news!
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Speculz
#50 Posted : Monday, February 29, 2016 11:09:19 AM
Rank: Member

Joined: 5/6/2011
Posts: 391
Location: Nairobi
eco wrote:
23% rebates great news!


23? wah I can only see 12% reflected.
"You can't have everything. Where would you put it?" - Stephen Wright
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