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Safaricom Investment Cooperative
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PeterReborn
#411 Posted : Saturday, June 20, 2020 2:59:23 PM
Rank: Veteran

Joined: 1/3/2014
Posts: 1,063
Did anyone attend the online investor briefing on the 12th June?

The share split of 10:1 is a good move to increase the liquidity of the shares but still not enough.
The price of shs52 per share is still high.
They should adopt the NSE model of demand and supply.
This will reduce the huge backlog from 2018.
Some big shots sold about 4m shares which lead to the backlog.
Covid19 has had a huge impact on the real estate markek and the plots wont be sold for a while.
Most people are looking at conserving cashflows.
Consistency is better than intensity
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Balaa
#412 Posted : Saturday, June 20, 2020 9:48:13 PM
Rank: Member

Joined: 7/6/2018
Posts: 175
Location: Kinshasa
PeterReborn wrote:
Did anyone attend the online investor briefing on the 12th June?

The share split of 10:1 is a good move to increase the liquidity of the shares but still not enough.
The price of shs52 per share is still high.
They should adopt the NSE model of demand and supply.
This will reduce the huge backlog from 2018.
Some big shots sold about 4m shares which lead to the backlog.
Covid19 has had a huge impact on the real estate markek and the plots wont be sold for a while.
Most people are looking at conserving cashflows.


Was there one? They'd hinted that they'd be one but never saw any further communication about it.
If it don't make dollars, it don't make sense
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  | | Edit by user: Saturday, June 20, 2020 10:11 PM | Reason: Not specified
PeterReborn
#413 Posted : Monday, June 22, 2020 11:10:52 AM
Rank: Veteran

Joined: 1/3/2014
Posts: 1,063
Balaa wrote:
PeterReborn wrote:
Did anyone attend the online investor briefing on the 12th June?

The share split of 10:1 is a good move to increase the liquidity of the shares but still not enough.
The price of shs52 per share is still high.
They should adopt the NSE model of demand and supply.
This will reduce the huge backlog from 2018.
Some big shots sold about 4m shares which lead to the backlog.
Covid19 has had a huge impact on the real estate markek and the plots wont be sold for a while.
Most people are looking at conserving cashflows.


Was there one? They'd hinted that they'd be one but never saw any further communication about it.

Yes.They sent out the zoom details via email
Consistency is better than intensity
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Balaa
#414 Posted : Monday, June 22, 2020 11:43:12 AM
Rank: Member

Joined: 7/6/2018
Posts: 175
Location: Kinshasa
PeterReborn wrote:
Balaa wrote:
PeterReborn wrote:
Did anyone attend the online investor briefing on the 12th June?

The share split of 10:1 is a good move to increase the liquidity of the shares but still not enough.
The price of shs52 per share is still high.
They should adopt the NSE model of demand and supply.
This will reduce the huge backlog from 2018.
Some big shots sold about 4m shares which lead to the backlog.
Covid19 has had a huge impact on the real estate markek and the plots wont be sold for a while.
Most people are looking at conserving cashflows.


Was there one? They'd hinted that they'd be one but never saw any further communication about it.

Yes.They sent out the zoom details via email


I've been made to understand that participation was in two segments. The 12th June meeting was for those members slotted in the 2nd segment.
I wonder if anything new came up in the repeat presentation.
If it don't make dollars, it don't make sense
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  | | Edit by user: Monday, June 22, 2020 11:54 AM | Reason: Not specified
doubletap
#415 Posted : Saturday, January 16, 2021 8:25:33 PM
Rank: Member

Joined: 7/17/2014
Posts: 132
Location: Wherethewindblows
Balaa wrote:
PeterReborn wrote:
Balaa wrote:
PeterReborn wrote:
Did anyone attend the online investor briefing on the 12th June?

The share split of 10:1 is a good move to increase the liquidity of the shares but still not enough.
The price of shs52 per share is still high.
They should adopt the NSE model of demand and supply.
This will reduce the huge backlog from 2018.
Some big shots sold about 4m shares which lead to the backlog.
Covid19 has had a huge impact on the real estate markek and the plots wont be sold for a while.
Most people are looking at conserving cashflows.


Was there one? They'd hinted that they'd be one but never saw any further communication about it.

Yes.They sent out the zoom details via email


I've been made to understand that participation was in two segments. The 12th June meeting was for those members slotted in the 2nd segment.
I wonder if anything new came up in the repeat presentation.


Anyone with an idea of the present situation given that land deals is there primary investment avenue has it gotten better? How are there repayments on the fixed amount?
You have to learn the rules of the game. And then you have to play better than anyone else - Albert Einstein
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Ali Baba
#416 Posted : Saturday, January 16, 2021 9:54:59 PM
Rank: Member

Joined: 8/29/2008
Posts: 573
SIC, is it for employees only? We are shareholders and customers of Safaricom, can we join?
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Pirate
#417 Posted : Monday, January 18, 2021 9:20:04 AM
Rank: Member

Joined: 4/4/2007
Posts: 91
Ali Baba wrote:
SIC, is it for employees only? We are shareholders and customers of Safaricom, can we join?

Its open to the public. Please check on this link for further info https://sic.co.ke/application-forms/
Knowledge is power , but action gets things done ...
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tinker
#418 Posted : Monday, March 01, 2021 9:04:04 PM
Rank: Member

Joined: 11/15/2010
Posts: 455
Location: Nairobi
SPECIAL REBATES PAYOUT: Released, March, 2021
The General Meeting resolved that the Society shall pay out a special rebate of 68.7% of surplus (being higher than the society’s dividend policy of paying 60% of surplus); this translating to KShs. 0.15/share
....He who began a good work in you will carry it on to completion..
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murchr
#419 Posted : Tuesday, March 02, 2021 6:27:42 PM
Rank: Elder

Joined: 2/26/2012
Posts: 15,980
tinker wrote:
SPECIAL REBATES PAYOUT: Released, March, 2021
The General Meeting resolved that the Society shall pay out a special rebate of 68.7% of surplus (being higher than the society’s dividend policy of paying 60% of surplus); this translating to KShs. 0.15/share


Why? Very good year?
"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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BGL
#420 Posted : Thursday, March 04, 2021 2:56:31 PM
Rank: Veteran

Joined: 10/11/2009
Posts: 1,223
In other words, the dividend payment is 0.482%. If you have invested 1,000,000.00 the return before tax is Ksh 4,820.00

Nothing to write about.
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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