Rank: Elder Joined: 9/29/2006 Posts: 2,570
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Kastone wrote:Hey Members, This is my first post on Wazua. Just seen that UNAITAS is past the 1 billion mark now and is currently at 1.3 bn. They've now extended to 1.8 billion then probably close the shares sale. Link Welcome! The opposite of courage is not cowardice, it's conformity.
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Rank: Member Joined: 6/14/2010 Posts: 521 Location: Nairobi
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Am happy to have joined this Unaitas bandwagon today.
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Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
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The optimist wrote:Am happy to have joined this Unaitas bandwagon today.  Mark 12:29
Deuteronomy 4:16
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Rank: Member Joined: 5/14/2014 Posts: 288 Location: nairobi
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I have bought some to atleast book myself a seat before the doors are closed! ladies and gentlement enjoy the ride! I find satisfaction in owning great business,not trading them
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Rank: Elder Joined: 9/29/2006 Posts: 2,570
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target1360 wrote:I have bought some to atleast book myself a seat before the doors are closed! ladies and gentlemen enjoy the ride! It (UNAITAS) must be a great business! When are they likely to close doors? The opposite of courage is not cowardice, it's conformity.
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Rank: Member Joined: 5/14/2014 Posts: 288 Location: nairobi
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jerry wrote:target1360 wrote:I have bought some to atleast book myself a seat before the doors are closed! ladies and gentlemen enjoy the ride! It (UNAITAS) must be a great business! When are they likely to close doors? i think anytime from now! currently they are at around 700m,their target is a billion to convert to a bank as they say.. The 8-9%dividend is almost equivalent to a money market account in kenya but again dividends (owner)are sweeter than interest((customer) I find satisfaction in owning great business,not trading them
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Rank: Elder Joined: 9/29/2006 Posts: 2,570
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target1360 wrote:jerry wrote:target1360 wrote:I have bought some to atleast book myself a seat before the doors are closed! ladies and gentlemen enjoy the ride! It (UNAITAS) must be a great business! When are they likely to close doors? i think anytime from now! currently they are at around 700m,their target is a billion to convert to a bank as they say.. The 8-9%dividend is almost equivalent to a money market account in kenya but again dividends (owner)are sweeter than interest((customer) They reached 1.3Bn last month and are targeting 1.8Bn. See post #241. The opposite of courage is not cowardice, it's conformity.
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Rank: Member Joined: 5/14/2014 Posts: 288 Location: nairobi
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jerry wrote:target1360 wrote:jerry wrote:target1360 wrote:I have bought some to atleast book myself a seat before the doors are closed! ladies and gentlemen enjoy the ride! It (UNAITAS) must be a great business! When are they likely to close doors? i think anytime from now! currently they are at around 700m,their target is a billion to convert to a bank as they say.. The 8-9%dividend is almost equivalent to a money market account in kenya but again dividends (owner)are sweeter than interest((customer) They reached 1.3Bn last month and are targeting 1.8Bn. See post #241. @jerry thank you for the info. I hope they list soon I find satisfaction in owning great business,not trading them
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Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
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target1360 wrote:jerry wrote:target1360 wrote:jerry wrote:target1360 wrote:I have bought some to atleast book myself a seat before the doors are closed! ladies and gentlemen enjoy the ride! It (UNAITAS) must be a great business! When are they likely to close doors? i think anytime from now! currently they are at around 700m,their target is a billion to convert to a bank as they say.. The 8-9%dividend is almost equivalent to a money market account in kenya but again dividends (owner)are sweeter than interest((customer) They reached 1.3Bn last month and are targeting 1.8Bn. See post #241. @jerry thank you for the info. I hope they list soon Listing on NSE is for 2018 earliest... Hope you weren't planning to exit this year! Mark 12:29
Deuteronomy 4:16
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Rank: Member Joined: 5/14/2014 Posts: 288 Location: nairobi
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guru267 wrote:target1360 wrote:jerry wrote:target1360 wrote:jerry wrote:target1360 wrote:I have bought some to atleast book myself a seat before the doors are closed! ladies and gentlemen enjoy the ride! It (UNAITAS) must be a great business! When are they likely to close doors? i think anytime from now! currently they are at around 700m,their target is a billion to convert to a bank as they say.. The 8-9%dividend is almost equivalent to a money market account in kenya but again dividends (owner)are sweeter than interest((customer) They reached 1.3Bn last month i and are targeting 1.8Bn. See post #241. @jerry thank you for the info. I hope they list soon Listing on NSE is for 2018 earliest... Hope you weren't planning to exit this year! @guru i see this wasnt the smartest decision i have made consindering my poor research on it.but i l try not to ever exit this one so long as it consistently paying some dividend. I find satisfaction in owning great business,not trading them
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Rank: New-farer Joined: 10/11/2011 Posts: 25
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Is it possible to sell unaitas shares before they list - or you have to wait until they list?
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Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
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hmmm wrote:Is it possible to sell unaitas shares before they list - or you have to wait until they list? No way... Trapped until they join OTC or NSE! No speculators allowed! Mark 12:29
Deuteronomy 4:16
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Rank: Member Joined: 2/15/2010 Posts: 129 Location: Kenya
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Will majority of unaitas initial customers base really benefit from it’s conversion to a bank?
First to go will be their dividends of around 8 to 9%, almost guaranteed.
There will then be a distinction between owners and customers. Which means customers will not have as much influence on how they should be treated in for example let’s say fees where in some banks you have to part with 500 to get your statement stamped. If all customers were shareholders and of the economic class of unaitas’ initial customers base they would definitely object to this at the A.G.M.
The cheaper borrowing rates will also go since on average banks charge more. And there will be less incentive to save since a loan will not be necessarily linked to the shares owned.
In short saccos are still as relevant today as when it was formed.
For the tea farmers wouldn’t it make more sense for unaitas to buy a bank rather than become a bank?
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Rank: Elder Joined: 9/29/2006 Posts: 2,570
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DtheK wrote:Will majority of unaitas initial customers base really benefit from it’s conversion to a bank?
First to go will be their dividends of around 8 to 9%, almost guaranteed.
There will then be a distinction between owners and customers. Which means customers will not have as much influence on how they should be treated in for example let’s say fees where in some banks you have to part with 500 to get your statement stamped. If all customers were shareholders and of the economic class of unaitas’ initial customers base they would definitely object to this at the A.G.M.
The cheaper borrowing rates will also go since on average banks charge more. And there will be less incentive to save since a loan will not be necessarily linked to the shares owned.
In short saccos are still as relevant today as when it was formed.
For the tea farmers wouldn’t it make more sense for unaitas to buy a bank rather than become a bank?
You cannot eat your cake and still have it. Do a study on Equity Bank and report back! The opposite of courage is not cowardice, it's conformity.
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Rank: Member Joined: 5/8/2013 Posts: 386 Location: Nyali mombasa
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Hoping to buy some shares this coming week, and will buy eveyr week untill they stop selling
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Rank: New-farer Joined: 3/1/2014 Posts: 82
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Kihara joni wrote:Hoping to buy some shares this coming week, and will buy eveyr week untill they stop selling Or you can alternatively use an appointed agent to open the account for you, at no cost! “The beauty of success is that it doesn’t matter how many times you have failed, you only have to be right once and then everyone can tell you how lucky you are.” - Mark Cuban
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Rank: Member Joined: 4/24/2014 Posts: 159 Location: Nairobi
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Kastone wrote:Kihara joni wrote:Hoping to buy some shares this coming week, and will buy eveyr week untill they stop selling Or you can alternatively use an appointed agent to open the account for you, at no cost! Is it too late to join Money comes and goes. When you have it enjoy it.
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Rank: Member Joined: 5/8/2008 Posts: 20
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wannaberich wrote:Kastone wrote:Kihara joni wrote:Hoping to buy some shares this coming week, and will buy eveyr week untill they stop selling Or you can alternatively use an appointed agent to open the account for you, at no cost! Is it too late to join Hi Kihara et al. There comes a time when speed is of great essence. This also applies when taking up investment vehicles since some of them have a time period within which you can take them up. Unaitas has attained ALL requirements to convert to a bank. I believe the ongoing consultancy on Capital Restructuring will be concluded soon and what will follow is a CLOSURE OF REGISTER!! Having experienced Equity and CIC, all I can say is Get in Big Time when the window is still open. Once it closes, those inside will be like "o my God is Good Ooh" and those outside will be like "Serikali tafadhali!!!" Happy investing all. This is the greatest online family I have ever known.
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Rank: Member Joined: 4/24/2014 Posts: 159 Location: Nairobi
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Ngundi wrote:wannaberich wrote:Kastone wrote:Kihara joni wrote:Hoping to buy some shares this coming week, and will buy eveyr week untill they stop selling Or you can alternatively use an appointed agent to open the account for you, at no cost! Is it too late to join Hi Kihara et al. There comes a time when speed is of great essence. This also applies when taking up investment vehicles since some of them have a time period within which you can take them up. Unaitas has attained ALL requirements to convert to a bank. I believe the ongoing consultancy on Capital Restructuring will be concluded soon and what will follow is a CLOSURE OF REGISTER!! Having experienced Equity and CIC, all I can say is Get in Big Time when the window is still open. Once it closes, those inside will be like "o my God is Good Ooh" and those outside will be like "Serikali tafadhali!!!" Happy investing all. This is the greatest online family I have ever known. visisted their office today and the door is still slightly open but closing faaaast Money comes and goes. When you have it enjoy it.
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Rank: Member Joined: 5/14/2014 Posts: 288 Location: nairobi
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target1360 wrote:guru267 wrote:target1360 wrote:jerry wrote:target1360 wrote:jerry wrote:target1360 wrote:I have bought some to atleast book myself a seat before the doors are closed! ladies and gentlemen enjoy the ride! It (UNAITAS) must be a great business! When are they likely to close doors? i think anytime from now! currently they are at around 700m,their target is a billion to convert to a bank as they say.. The 8-9%dividend is almost equivalent to a money market account in kenya but again dividends (owner)are sweeter than interest((customer) They reached 1.3Bn last month i and are targeting 1.8Bn. See post #241. @jerry thank you for the info. I hope they list soon Listing on NSE is for 2018 earliest... Hope you weren't planning to exit this year! @guru i see this wasnt the smartest decision i have made consindering my poor research on it.but i l try not to ever exit this one so long as it consistently paying some dividend. buying a few pieces of unaitas wasnt a bad decision after all.will keep buying I find satisfaction in owning great business,not trading them
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