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Safaricom Investment Cooperative
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Pirate
#321 Posted : Monday, February 15, 2016 9:17:18 AM
Rank: Member

Joined: 4/4/2007
Posts: 91
enyands wrote:
Stract_Consulting wrote:
enyands wrote:
Stract_Consulting wrote:
enyands wrote:
jerry wrote:
yosie14 wrote:
The AGM was meant to be today,who attended?What was discussed?

@pirate



@BGL ,@PIRATE? saidia


Key outcomes from the AGM are:

1. Share price moved up by 25% from Kshs 350 to 435
2. Returns/Rebates at 25% of which 65% will be capitalized while 35% will be paid out
3.One Non-Safaricom employee was elected to the Board by the name of Marete
4.Monthly contribution will continue until the Investment will be in a position to achieve healthy cashflows that will supplement the monthly contributions




@stract_consulting thanks for the time and detail. Swali moja ,when did the books close?


Books closed on 31st Dec for dividends payment. As for the share price the increment takes place from today.


Thanks man .will get you beer when we meet sometime.


@Stract_consulting Good summary. I see you took your notes :)
@enyands They further clarified on the farming business which is underway projecting income of 40mil at the end of the year. Will be an interesting year to watch as they divest into new ventures
Knowledge is power , but action gets things done ...
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The optimist
#322 Posted : Monday, February 15, 2016 10:10:57 AM
Rank: Member

Joined: 6/14/2010
Posts: 521
Location: Nairobi
Who is able to compute the number of outstanding shares as at 31st Dec 2015 for SIC.
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enyands
#323 Posted : Monday, February 15, 2016 10:18:01 AM
Rank: Elder

Joined: 12/25/2014
Posts: 2,301
Location: kenya
Pirate wrote:
enyands wrote:
Stract_Consulting wrote:
enyands wrote:
Stract_Consulting wrote:
enyands wrote:
jerry wrote:
yosie14 wrote:
The AGM was meant to be today,who attended?What was discussed?

@pirate



@BGL ,@PIRATE? saidia


Key outcomes from the AGM are:

1. Share price moved up by 25% from Kshs 350 to 435
2. Returns/Rebates at 25% of which 65% will be capitalized while 35% will be paid out
3.One Non-Safaricom employee was elected to the Board by the name of Marete
4.Monthly contribution will continue until the Investment will be in a position to achieve healthy cashflows that will supplement the monthly contributions




@stract_consulting thanks for the time and detail. Swali moja ,when did the books close?


Books closed on 31st Dec for dividends payment. As for the share price the increment takes place from today.


Thanks man .will get you beer when we meet sometime.


@Stract_consulting Good summary. I see you took your notes :)
@enyands They further clarified on the farming business which is underway projecting income of 40mil at the end of the year. Will be an interesting year to watch as they divest into new ventures


Thanks pirate and Stract_Consulting .you guys rock!Applause
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enyands
#324 Posted : Monday, February 15, 2016 10:24:13 AM
Rank: Elder

Joined: 12/25/2014
Posts: 2,301
Location: kenya
The optimist wrote:
Who is able to compute the number of outstanding shares as at 31st Dec 2015 for SIC.



Should be on the financial statements I guess that is if they have it ready
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Pirate
#325 Posted : Monday, February 15, 2016 10:32:08 AM
Rank: Member

Joined: 4/4/2007
Posts: 91
The optimist wrote:
Who is able to compute the number of outstanding shares as at 31st Dec 2015 for SIC.

they will provide that in the next report . They said they forgot to include the info in the report .
Knowledge is power , but action gets things done ...
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The optimist
#326 Posted : Monday, February 15, 2016 10:45:23 AM
Rank: Member

Joined: 6/14/2010
Posts: 521
Location: Nairobi
Pirate wrote:
The optimist wrote:
Who is able to compute the number of outstanding shares as at 31st Dec 2015 for SIC.

they will provide that in the next report . They said they forgot to include the info in the report .

Thanks @Pirate
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murchr
#327 Posted : Monday, February 15, 2016 3:14:26 PM
Rank: Elder

Joined: 2/26/2012
Posts: 15,980
Pirate wrote:
enyands wrote:
Stract_Consulting wrote:
enyands wrote:
Stract_Consulting wrote:
enyands wrote:
jerry wrote:
yosie14 wrote:
The AGM was meant to be today,who attended?What was discussed?

@pirate



@BGL ,@PIRATE? saidia


Key outcomes from the AGM are:

1. Share price moved up by 25% from Kshs 350 to 435
2. Returns/Rebates at 25% of which 65% will be capitalized while 35% will be paid out
3.One Non-Safaricom employee was elected to the Board by the name of Marete Agnes?
4.Monthly contribution will continue until the Investment will be in a position to achieve healthy cashflows that will supplement the monthly contributions Any projections?




@stract_consulting thanks for the time and detail. Swali moja ,when did the books close?


Books closed on 31st Dec for dividends payment. As for the share price the increment takes place from today.


Thanks man .will get you beer when we meet sometime.


@Stract_consulting Good summary. I see you took your notes :)
@enyands They further clarified on the farming business which is underway projecting income of 40mil at the end of the year. Will be an interesting year to watch as they divest into new ventures 2016? How much did they make 2015?


Thanks guys
"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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Stract_Consulting
#328 Posted : Monday, February 15, 2016 5:40:51 PM
Rank: New-farer

Joined: 6/3/2014
Posts: 58
Location: Nairobi
murchr wrote:
Pirate wrote:
enyands wrote:
Stract_Consulting wrote:
enyands wrote:
Stract_Consulting wrote:
enyands wrote:
jerry wrote:
yosie14 wrote:
The AGM was meant to be today,who attended?What was discussed?

@pirate



@BGL ,@PIRATE? saidia


Key outcomes from the AGM are:

1. Share price moved up by 25% from Kshs 350 to 435
2. Returns/Rebates at 25% of which 65% will be capitalized while 35% will be paid out
3.One Non-Safaricom employee was elected to the Board by the name of Marete Agnes? yes
4.Monthly contribution will continue until the Investment will be in a position to achieve healthy cashflows that will supplement the monthly contributions Any projections? Current projection was until the current strategic plan ends in 2018, by that time, they will or might have ended the monthly contribution




@stract_consulting thanks for the time and detail. Swali moja ,when did the books close?


Books closed on 31st Dec for dividends payment. As for the share price the increment takes place from today.


Thanks man .will get you beer when we meet sometime.
will wait for it :) smile smile smile smile

@Stract_consulting Good summary. I see you took your notes
@enyands They further clarified on the farming business which is underway projecting income of 40mil at the end of the year. Will be an interesting year to watch as they divest into new ventures 2016? How much did they make 2015? 11M


Thanks guys
Be ignorant and ask a few questions - Peter Drucker
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murchr
#329 Posted : Monday, February 15, 2016 5:49:18 PM
Rank: Elder

Joined: 2/26/2012
Posts: 15,980
Stract_Consulting wrote:
murchr wrote:
Pirate wrote:
enyands wrote:
Stract_Consulting wrote:
enyands wrote:
Stract_Consulting wrote:
enyands wrote:
jerry wrote:
yosie14 wrote:
The AGM was meant to be today,who attended?What was discussed?

@pirate



@BGL ,@PIRATE? saidia


Key outcomes from the AGM are:

1. Share price moved up by 25% from Kshs 350 to 435
2. Returns/Rebates at 25% of which 65% will be capitalized while 35% will be paid out
3.One Non-Safaricom employee was elected to the Board by the name of Marete Agnes? yes
4.Monthly contribution will continue until the Investment will be in a position to achieve healthy cashflows that will supplement the monthly contributions Any projections? Current projection was until the current strategic plan ends in 2018, by that time, they will or might have ended the monthly contribution




@stract_consulting thanks for the time and detail. Swali moja ,when did the books close?


Books closed on 31st Dec for dividends payment. As for the share price the increment takes place from today.


Thanks man .will get you beer when we meet sometime.
will wait for it :) smile smile smile smile

@Stract_consulting Good summary. I see you took your notes
@enyands They further clarified on the farming business which is underway projecting income of 40mil at the end of the year. Will be an interesting year to watch as they divest into new ventures 2016? How much did they make 2015? 11M


Thanks guys


Thanks again, 11M is quite a tidy sum Applause
"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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eco
#330 Posted : Monday, February 15, 2016 7:35:38 PM
Rank: Member

Joined: 6/17/2011
Posts: 229
Stract_Consulting wrote:
enyands wrote:
jerry wrote:
yosie14 wrote:
The AGM was meant to be today,who attended?What was discussed?

@pirate



@BGL ,@PIRATE? saidia


Key outcomes from the AGM are:

1. Share price moved up by 25% from Kshs 350 to 435
2. Returns/Rebates at 25% of which 65% will be capitalized while 35% will be paid out
3.One Non-Safaricom employee was elected to the Board by the name of Marete
4.Monthly contribution will continue until the Investment will be in a position to achieve healthy cashflows that will supplement the monthly contributions



The recapitalisation of rebates will be at what rate @Stract Consulting, 350 or 435?
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