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stima investment cooperative
Pesa Nane
#111 Posted : Monday, May 07, 2018 1:19:09 PM
Rank: Elder

Joined: 5/25/2012
Posts: 4,105
Location: 08c
FY2017 Highlights



*Re-edit
Pesa Nane plans to be shilingi when he grows up.
Pesa Nane
#112 Posted : Monday, May 07, 2018 1:35:03 PM
Rank: Elder

Joined: 5/25/2012
Posts: 4,105
Location: 08c
RIEK01 wrote:
Is there a way one can dispose his holding? I think there is eating that has creeped in from KPLC.


Quote:
The Chairman reported that the Society anticipates to operationalise the over the counter trading of shares (OTC) from the second half of the year. Upon operationalization of the OTC, the Society will close direct recruitment of new membership, to facilitate cost effective trading of shares through
the OTC

Pesa Nane plans to be shilingi when he grows up.
Angelica _ann
#113 Posted : Monday, May 07, 2018 1:36:37 PM
Rank: Elder

Joined: 12/7/2012
Posts: 11,935
Pesa Nane wrote:
FY2017 Highlights

. Membership grew from 9,310 to 11,670
. Share capital grew by 38% from Kshs.973m to Kshs.1,341m
. Total expenses (excluding interest expense) reduced from Kshs.76.1m to Kshs.75.4m.
. Total income decreased from Kshs. 325m to Kshs. 261m
. Surplus for the year decreased from Kshs. 237m to 167m
. Sale of lands revenue decreased from Kshs. 252m to Kshs.192m
. Asset base increased to Kshs.2.5b from Kshs. 2.19b


Mature business, creativity needed from the obvious mugunda mugunda plots plots plots!!!!
In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
murchr
#114 Posted : Monday, May 07, 2018 1:51:12 PM
Rank: Elder

Joined: 2/26/2012
Posts: 15,980
What happened to the power generation plan?
"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
.
Pesa Nane
#115 Posted : Monday, May 07, 2018 2:05:15 PM
Rank: Elder

Joined: 5/25/2012
Posts: 4,105
Location: 08c
Pesa Nane plans to be shilingi when he grows up.
madebe
#116 Posted : Monday, May 07, 2018 5:17:28 PM
Rank: Member

Joined: 10/7/2010
Posts: 251
Location: nairobi
who has the explanation for note no.10. hapo ndio iko shida
enyands
#117 Posted : Monday, May 07, 2018 6:20:36 PM
Rank: Elder

Joined: 12/25/2014
Posts: 2,301
Location: kenya
madebe wrote:
who has the explanation for note no.10. hapo ndio iko shida

Sina explanation but nasikia watu wameachishwa kazi. something Stinks ?
RIEK01
#118 Posted : Monday, May 07, 2018 6:21:28 PM
Rank: New-farer

Joined: 2/8/2018
Posts: 73
Interest from borrowings, possibly to fund construction works. If you compare Safaricom Investments Coop vs Stima, you will see the difference in leadership and returns, not blaming the election etc.
murchr
#119 Posted : Monday, May 07, 2018 6:24:16 PM
Rank: Elder

Joined: 2/26/2012
Posts: 15,980
RIEK01 wrote:
Interest from borrowings, possibly to fund construction works. If you compare Safaricom Investments Coop vs Stima, you will see the difference in leadership and returns, not blaming the election etc.


I dont know if my memory serves me well but AGM FY16 they told members that 3000 of the monthly contributions will go towards a project (someone remember this?) How does that play here?


BGL #91 Posted : Friday, March 24, 2017 2:00:39 PM wrote:
murchr wrote:
3000 to be contributed by all members should it be separate from the monthly contributions?


They just wanted EVERY SHAREHOLDER to contribute a minimum of 3k per month.


http://wazua.co.ke/forum...&m=781102#post781102
"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
.
Pesa Nane
#120 Posted : Tuesday, May 08, 2018 10:14:34 AM
Rank: Elder

Joined: 5/25/2012
Posts: 4,105
Location: 08c
madebe wrote:
who has the explanation for note no.10. hapo ndio iko shida


Quote:
Other Operating Expenses
Provision for Real Estate Interest Owed: Kshs. 21,380,653
Interest on Loans: Kshs. 53,558,268
Bank charges: Kshs. 698,966

Total Other Operating Expenses: Kshs. 75,637,886

Pesa Nane plans to be shilingi when he grows up.
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