Rank: Elder Joined: 1/17/2013 Posts: 4,693 Location: Earth
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Thank you Spirit of God for directing me here.:)
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Rank: Veteran Joined: 10/11/2009 Posts: 1,223
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Unaitas eyes Sh1bn capital in plans to convert into bank Share capital of the sacco that recently set up its headquarter in Nairobi’s Cardinal Otunga Plaza now stands at Sh752 million. At the end of December last year, its capital stood at Sh696 million. Under its 2014-2018 strategic plan, the society plans to establish itself as a fully-fledged bank after meeting the Central Bank of Kenya statutory requirements. http://www.businessdaily...04/-/k82vmc/-/index.htmlHistory 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: Member Joined: 4/14/2011 Posts: 639
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[quote=BGL]Unaitas eyes Sh1bn capital in plans to convert into bank Share capital of the sacco that recently set up its headquarter in Nairobi’s Cardinal Otunga Plaza now stands at Sh752 million. At the end of December last year, its capital stood at Sh696 million. Under its 2014-2018 strategic plan, the society plans to establish itself as a fully-fledged bank after meeting the Central Bank of Kenya statutory requirements. http://www.businessdaily...4/-/k82vmc/-/index.html[/quote] During the AGM , shareholders approved a dividend of 9 per cent and a bonus issue of one share for every 20 shares held from 2009 backwards, according to the chief executive Tony Mwangi. Why from 2009 and backwards?does it mean there are different classes of shares with different rights?
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Rank: Elder Joined: 9/29/2006 Posts: 2,570
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[quote=BGL]Unaitas eyes Sh1bn capital in plans to convert into bank Share capital of the sacco that recently set up its headquarter in Nairobi’s Cardinal Otunga Plaza now stands at Sh752 million. At the end of December last year, its capital stood at Sh696 million. Under its 2014-2018 strategic plan, the society plans to establish itself as a fully-fledged bank after meeting the Central Bank of Kenya statutory requirements. http://www.businessdaily...4/-/k82vmc/-/index.html[/quote] I cannot see any insurmountable huddle The opposite of courage is not cowardice, it's conformity.
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Rank: Member Joined: 3/3/2014 Posts: 131
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He says from 2009 backwards,,, why isolate the early birds? IMITATION IS LIMITATION
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Rank: Member Joined: 8/30/2010 Posts: 183 Location: Migingo
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This thing of 2009 backwards should be explained in clear and no uncertain terms. Don't Work for Money, Let Money Work for You..
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Rank: Elder Joined: 9/29/2006 Posts: 2,570
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georgegop wrote:This thing of 2009 backwards should be explained in clear and no uncertain terms. It's simply unfair. The opposite of courage is not cowardice, it's conformity.
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Rank: Member Joined: 1/1/2010 Posts: 511 Location: kandara, Murang'a
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jerry wrote:georgegop wrote:This thing of 2009 backwards should be explained in clear and no uncertain terms. It's simply unfair. I guess the seniority of the older members cumulatively contributed more, or they had retained earnings for earlier yrs turned to equity. Smells like an old boys club kinda thing. Also indicative of how close to listing they are and positioning for big payoff. Guess its time to buy last ones at 10 Foresight..
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Rank: Elder Joined: 9/29/2006 Posts: 2,570
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gatoho wrote:jerry wrote:georgegop wrote:This thing of 2009 backwards should be explained in clear and no uncertain terms. It's simply unfair. I guess the seniority of the older members cumulatively contributed more, or they had retained earnings for earlier yrs turned to equity. Smells like an old boys club kinda thing. Also indicative of how close to listing they are and positioning for big payoff. Guess its time to buy last ones at 10 The normal thing is to issue shares that "rank pari passu" to existing ones. The opposite of courage is not cowardice, it's conformity.
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Rank: New-farer Joined: 4/2/2014 Posts: 12 Location: Kabati
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jerry wrote:gatoho wrote:jerry wrote:georgegop wrote:This thing of 2009 backwards should be explained in clear and no uncertain terms. It's simply unfair. I guess the seniority of the older members cumulatively contributed more, or they had retained earnings for earlier yrs turned to equity. Smells like an old boys club kinda thing. Also indicative of how close to listing they are and positioning for big payoff. Guess its time to buy last ones at 10 The normal thing is to issue shares that "rank pari passu" to existing ones. For the novelty clan in which i belong, not very spirit lifting. 
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Rank: New-farer Joined: 5/25/2011 Posts: 88
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reliable info says net profit was two fifty something....
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Rank: Veteran Joined: 11/21/2006 Posts: 1,590
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Not a rumour. It made 247m, a 50% increase on 2012. Dividend is 61m. All ratios looking pukka. They won't budge on the bonus share, but they acknowledged it was wrong. Kenyans all way Sehemu ndio nyumba
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Rank: Elder Joined: 9/29/2006 Posts: 2,570
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jaw wrote:jerry wrote:gatoho wrote:jerry wrote:georgegop wrote:This thing of 2009 backwards should be explained in clear and no uncertain terms. It's simply unfair. I guess the seniority of the older members cumulatively contributed more, or they had retained earnings for earlier yrs turned to equity. Smells like an old boys club kinda thing. Also indicative of how close to listing they are and positioning for big payoff. Guess its time to buy last ones at 10 The normal thing is to issue shares that "rank pari passu" to existing ones. For the novelty clan in which i belong, not very spirit lifting. Your 1st post @jaw? You must be a shareholder of UNAITAS. The opposite of courage is not cowardice, it's conformity.
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Rank: Elder Joined: 9/29/2006 Posts: 2,570
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Mainat wrote:Not a rumour. It made 247m, a 50% increase on 2012. Dividend is 61m. All ratios looking pukka.
They won't budge on the bonus share, but they acknowledged it was wrong. Kenyans all way "Kinya kiri itina nikio kiigaga" means.... The opposite of courage is not cowardice, it's conformity.
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Rank: New-farer Joined: 5/25/2011 Posts: 88
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Mainat wrote:Not a rumour. It made 247m, a 50% increase on 2012. Dividend is 61m. All ratios looking pukka.
They won't budge on the bonus share, but they acknowledged it was wrong. Kenyans all way @Mainat and other financial analysts here, in the next 3 or so years, kuna mwangaza hapa. Clarify for us non finacial analysts
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Rank: Veteran Joined: 11/21/2006 Posts: 1,590
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Hobbit- every star gets its turn to shine. Jaggernut- a gourd with greater depth is the one that stores better. The is version in ki-rware. Gourds were used for storing food. Sehemu ndio nyumba
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Rank: New-farer Joined: 4/2/2014 Posts: 12 Location: Kabati
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jerry wrote:jaw wrote:jerry wrote:gatoho wrote:jerry wrote:georgegop wrote:This thing of 2009 backwards should be explained in clear and no uncertain terms. It's simply unfair. I guess the seniority of the older members cumulatively contributed more, or they had retained earnings for earlier yrs turned to equity. Smells like an old boys club kinda thing. Also indicative of how close to listing they are and positioning for big payoff. Guess its time to buy last ones at 10 The normal thing is to issue shares that "rank pari passu" to existing ones. For the novelty clan in which i belong, not very spirit lifting. Your 1st post @jaw? You must be a shareholder of UNAITAS. @jerry true and minimally so... 
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Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
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EPS = 3.55 bob NAV = 21 bob DPS = 90 Cents At a price of 10bob only God knows why one would invest in anything else! This thing is supoosed to be a minimum of 30bob today.... Mark 12:29
Deuteronomy 4:16
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Rank: Elder Joined: 1/17/2013 Posts: 4,693 Location: Earth
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guru267 wrote:EPS = 3.55 bob
NAV = 21 bob
DPS = 90 Cents
At a price of 10bob only God knows why one would invest in anything else!
This thing is supoosed to be a minimum of 30bob today.... is there a simpler way of interpreting these jargons? what do they mean for a simple shareholder like me?
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Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
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kysse wrote:guru267 wrote:EPS = 3.55 bob
NAV = 21 bob
DPS = 90 Cents
At a price of 10bob only God knows why one would invest in anything else!
This thing is supoosed to be a minimum of 30bob today.... is there a simpler way of interpreting these jargons? what do they mean for a simple shareholder like me? It means Unaitas is CHEEAAP!!  Mark 12:29
Deuteronomy 4:16
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