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Safaricom Investment Cooperative
Rank: Elder Joined: 2/26/2012 Posts: 15,980
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Its that time again, who will be going to 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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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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"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: Veteran Joined: 10/11/2009 Posts: 1,223
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Membership registration fee was retained at 20k, the resolution to reduce it to 10k was amended. History will not remember you for your IQ. It will remember you for what you did. “Genius is 1 percent inspiration, 99 percent perspiration.” Thomas Edison
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Rank: Elder Joined: 12/25/2014 Posts: 2,300 Location: kenya
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BGL wrote:Membership registration fee was retained at 20k, the resolution to reduce it to 10k was amended. Dividends?
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Rank: Veteran Joined: 10/11/2009 Posts: 1,223
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enyands wrote:BGL wrote:Membership registration fee was retained at 20k, the resolution to reduce it to 10k was amended. Dividends? @18% cash payout = [60% of the declared 18%] History will not remember you for your IQ. It will remember you for what you did. “Genius is 1 percent inspiration, 99 percent perspiration.” Thomas Edison
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Rank: Elder Joined: 12/25/2014 Posts: 2,300 Location: kenya
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BGL wrote:enyands wrote:BGL wrote:Membership registration fee was retained at 20k, the resolution to reduce it to 10k was amended. Dividends? @18% cash payout = [60% of the declared 18%] Thanks
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Rank: Member Joined: 11/15/2010 Posts: 454 Location: Nairobi
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enyands wrote:BGL wrote:enyands wrote:BGL wrote:Membership registration fee was retained at 20k, the resolution to reduce it to 10k was amended. Dividends? @18% cash payout = [60% of the declared 18%] Thanks Still waiting to receive my dividends, when is the disbursement date?. ....He who began a good work in you will carry it on to completion..
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Rank: Elder Joined: 7/11/2012 Posts: 5,222
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tinker wrote:enyands wrote:BGL wrote:enyands wrote:BGL wrote:Membership registration fee was retained at 20k, the resolution to reduce it to 10k was amended. Dividends? @18% cash payout = [60% of the declared 18%] Thanks Still waiting to receive my dividends, when is the disbursement date?. Waiting too.. Do they have options (mpesa, bank, re-investing) like previous years
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Rank: Member Joined: 11/15/2010 Posts: 454 Location: Nairobi
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Mukiri wrote:tinker wrote:enyands wrote:BGL wrote:enyands wrote:BGL wrote:Membership registration fee was retained at 20k, the resolution to reduce it to 10k was amended. Dividends? @18% cash payout = [60% of the declared 18%] Thanks Still waiting to receive my dividends, when is the disbursement date?. Waiting too.. Do they have options (mpesa, bank, re-investing) like previous years Dividends started streaming in from 15th March. I received and already blew mine [Kujishukuru]. Make sure you check your email, fill in the form you recieve from SIC instructing what to be done with your dividends. Mpesa for amount below 70k. ....He who began a good work in you will carry it on to completion..
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Rank: Hello Joined: 5/31/2018 Posts: 1
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yosie14 wrote:murchr wrote:I have been getting a message "SIC grants you chance to use your monthly contribution to buy secondary shares and earn more benefits." Does anyone know if the share register has been closed? Me too I have been getting this nessage and it didnt make sense to me. Only yesterday I noticed they decided to do this after they noticed no one was buying the secondary shares and a big backlog dated from as early as April needed to be cleared. If you teied to sell your shares in July your lot is still in the market todate andso is anyone who floated his tbereafter. Why this is happening I have no idea. Too many people selling out? Why? Still no answer(asking myself) Hello everyone, Wanted to join sic. seems like a sound investment. A friend told me that "it's overvalued and their business model doesn't make sense.. They're in the business of selling shares apparently". What is your take on this kindly? especially after the comment by yosie. Alternatively, given the high membership fee, would it be advisable to buy land from them if i am unable to join. does anyone have experience buying land from them? would you consider the pricing fair? are their discounts for members?
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Rank: New-farer Joined: 2/8/2018 Posts: 73
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This is a good buy, have been on board for 5 yrs.
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Rank: Elder Joined: 12/25/2014 Posts: 2,300 Location: kenya
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RIEK01 wrote:This is a good buy, have been on board for 5 yrs. I deposited my monthly contribution and isn't reflecting the way it's supposed to be. It just doesn't look ok
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Rank: Elder Joined: 12/25/2014 Posts: 2,300 Location: kenya
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RIEK01 wrote:This is a good buy, have been on board for 5 yrs. What else are they invested in apart from real estate (land and houses)
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Rank: New-farer Joined: 2/8/2018 Posts: 73
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Mainly real estate with abit of money market play. Governance is very good and they have a good brand/ being a Safaricom "child".They are way ahead of other investment coops in Kenya and returns have been good and I believe will be continued to be good in the short-term (2/3 yrs).
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Rank: Elder Joined: 7/11/2012 Posts: 5,222
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enyands wrote:RIEK01 wrote:This is a good buy, have been on board for 5 yrs. What else are they invested in apart from real estate (land and houses) Don't they rent out their green house?
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Rank: New-farer Joined: 2/8/2018 Posts: 73
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There was an investment in farming (Top Farm) that did not work, not sure they are doing any agriculture at the moment. You can check out their website for more information on their projects.
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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About the upcoming AGM i note that one of the agenda(s) is "suspension of a board member" what does that mean? "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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Pesa mzuri. But that tax  "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: 12/25/2014 Posts: 2,300 Location: kenya
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murchr wrote:Pesa mzuri. But that tax Sgr has to be paid my friend . Ulirudisha mayai yote ama ulikula
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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enyands wrote:murchr wrote:Pesa mzuri. But that tax Sgr has to be paid my friend . Ulirudisha mayai yote ama ulikula Narudisha yote "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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