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UNAITAS
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Pesa Nane
#436 Posted : Sunday, March 15, 2015 2:59:49 PM
Rank: Elder

Joined: 5/25/2012
Posts: 4,105
Location: 08c
Aguytrying wrote:
BGL wrote:
Mucene wrote:
When is the AGM?


March 27th


Lets hope an end point to the raising of funds via shares will be announced

Close, close, close (or at least load a premium to the share price!)

#FoundersPayDay
Pesa Nane plans to be shilingi when he grows up.
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ruwesh
#437 Posted : Monday, March 16, 2015 10:21:28 AM
Rank: New-farer

Joined: 2/4/2015
Posts: 15
Location: nairobi
Pesa Nane wrote:
Aguytrying wrote:
BGL wrote:
Mucene wrote:
When is the AGM?


March 27th


Lets hope an end point to the raising of funds via shares will be announced

Close, close, close (or at least load a premium to the share price!)

#FoundersPayDay


As long as they are still expanding,tha sale cannot stop,they desperately need the funds not forgetting also they are still a sacco.
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Pesa Nane
#438 Posted : Sunday, March 22, 2015 9:29:33 PM
Rank: Elder

Joined: 5/25/2012
Posts: 4,105
Location: 08c
Unaitas boosts its share capital ahead of change to bank

Net profits FLAT at Sh258.56 million in 2014 Vs Sh246.66 million in 2013.

2014 Loans and advances 33% up to Sh4.85 billion Vs Sh3.64 billion in 2013.

Share capital Sh1.44 billion in 2014 Vs Sh693 million in 2013

Sacco membership increased 43 per cent to 200,000

Revenue reserves up 46% to Sh461.8 million from Sh316.9 million in 2013

"Unaitas chief executive Tony Mwangi said the lender has been increasing its reserves in preparation for the conversion [into a commercial bank] and listing on the NSE which is expected to happen in 2018"
Pesa Nane plans to be shilingi when he grows up.
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  | | Edit by user: Sunday, March 22, 2015 9:30 PM | Reason: Not specified
The optimist
#439 Posted : Sunday, March 22, 2015 11:16:43 PM
Rank: Member

Joined: 6/14/2010
Posts: 521
Location: Nairobi
Pesa Nane wrote:
Unaitas boosts its share capital ahead of change to bank

Net profits FLAT at Sh258.56 million in 2014 Vs Sh246.66 million in 2013.

2014 Loans and advances 33% up to Sh4.85 billion Vs Sh3.64 billion in 2013.

Share capital Sh1.44 billion in 2014 Vs Sh693 million in 2013

Sacco membership increased 43 per cent to 200,000

Revenue reserves up 46% to Sh461.8 million from Sh316.9 million in 2013

"Unaitas chief executive Tony Mwangi said the lender has been increasing its reserves in preparation for the conversion [into a commercial bank] and listing on the NSE which is expected to happen in 2018"

Anyone with a copy of 2014 results?
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MaichBlack
#440 Posted : Monday, March 23, 2015 7:56:05 AM
Rank: Elder

Joined: 7/22/2009
Posts: 7,833
Pesa Nane wrote:
Unaitas boosts its share capital ahead of change to bank

Net profits FLAT at Sh258.56 million in 2014 Vs Sh246.66 million in 2013.

2014 Loans and advances 33% up to Sh4.85 billion Vs Sh3.64 billion in 2013.

Share capital Sh1.44 billion in 2014 Vs Sh693 million in 2013

Sacco membership increased 43 per cent to 200,000

Revenue reserves up 46% to Sh461.8 million from Sh316.9 million in 2013

"Unaitas chief executive Tony Mwangi said the lender has been increasing its reserves in preparation for the conversion [into a commercial bank] and listing on the NSE which is expected to happen in 2018"

At this rate, are you guys really going to get dividends at your usual rate or it will be more like 5%?

This stock is on my wish list. I am planning to buy in some time this year. The reasons I haven't boarded this bus yet are:-

1) I am waiting to see how the increase in number of shares affects dividend payouts (Not so important long term but important short term because there is virtually no capital gains till they close the register/stop selling the shares)

2) I have some other investments I need(ed) to finance. The first was Housing Finance rights which I threw everything I had (hoping for no or minimal refunds). Two more then Unaitas.

3) I am hoping I can get an indication of when the share sale is likely to close. 9% dividend yield with 0% capital gains is very tame! Getting in just before they slam the door shut would be the ideal situation for me!
Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
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timuka
#441 Posted : Monday, March 23, 2015 8:12:16 AM
Rank: Member

Joined: 1/21/2013
Posts: 427
Pesa Nane wrote:
Unaitas boosts its share capital ahead of change to bank

Net profits FLAT at Sh258.56 million in 2014 Vs Sh246.66 million in 2013.

2014 Loans and advances 33% up to Sh4.85 billion Vs Sh3.64 billion in 2013.

Share capital Sh1.44 billion in 2014 Vs Sh693 million in 2013

Sacco membership increased 43 per cent to 200,000

Revenue reserves up 46% to Sh461.8 million from Sh316.9 million in 2013

"Unaitas chief executive Tony Mwangi said the lender has been increasing its reserves in preparation for the conversion [into a commercial bank] and listing on the NSE which is expected to happen in 2018"


Why the highlight? The article talks about mid next year...
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guru267
#442 Posted : Monday, March 23, 2015 8:36:38 AM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
No dividends for 2014??? Sad
Mark 12:29
Deuteronomy 4:16
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streetwise
#443 Posted : Monday, March 23, 2015 8:49:04 AM
Rank: Veteran

Joined: 6/23/2011
Posts: 1,740
Location: Nairobi
No dividents, are there bonus shares then or what ? Or this is a tree which bears no fruits ?.
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  | | Edit by user: Monday, March 23, 2015 8:51 AM | Reason: Not specified
MaichBlack
#444 Posted : Monday, March 23, 2015 8:59:13 AM
Rank: Elder

Joined: 7/22/2009
Posts: 7,833
guru267 wrote:
No dividends for 2014??? Sad

streetwise wrote:
No dividents, are there bonus shares then or what ? Or this is a tree which bears no fruits ?.


You guys tell us. You are the insiders!

Have they stated explicitly that there are no dividends or you guys have to wait till the AGM this Friday to find out.

I have a very good idea how Unaitas would have structured this share sale to the continued benefit of the current shareholders but I will not say it because I am still on the outside. I will state it here some day!
Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
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heri
#445 Posted : Monday, March 23, 2015 9:13:34 AM
Rank: Member

Joined: 9/14/2011
Posts: 869
Location: nairobi
how does the estimated market price look like using the EPS? is it like Kshs 18 using PE of 10?

i bought a few shares last year and planning to add this year but the flat growth in profits is a concern?
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murchr
#446 Posted : Monday, March 23, 2015 5:31:55 PM
Rank: Elder

Joined: 2/26/2012
Posts: 15,980
heri wrote:
how does the estimated market price look like using the EPS? is it like Kshs 18 using PE of 10?

i bought a few shares last year and planning to add this year but the flat growth in profits is a concern?


Same here.
"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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streetwise
#447 Posted : Monday, March 23, 2015 5:56:45 PM
Rank: Veteran

Joined: 6/23/2011
Posts: 1,740
Location: Nairobi
I figure as has been the custom when they list they will split the shares and sell each shares at the traditional 10 shillings. Depending on the value of the company at that time they may split by 100 to make the affordable i.e. 10 bob.

If this happens the long-time investor ( those who waited including not being paid dividends) will be very happy indeed..

And figure this, the share goes to the market and when trading opens the market offers the speculative price of 25 .

Let talk then and see if my vision comes true
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heri
#448 Posted : Monday, March 23, 2015 6:01:46 PM
Rank: Member

Joined: 9/14/2011
Posts: 869
Location: nairobi
Anyone, please, what is the estimated fair value using the information available? Thanks
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Euge
#449 Posted : Tuesday, March 24, 2015 10:59:14 AM
Rank: Elder

Joined: 8/4/2008
Posts: 2,849
Location: Rupi
streetwise wrote:
I figure as has been the custom when they list they will split the shares and sell each shares at the traditional 10 shillings. Depending on the value of the company at that time they may split by 100 to make the affordable i.e. 10 bob.

If this happens the long-time investor ( those who waited including not being paid dividends) will be very happy indeed..

And figure this, the share goes to the market and when trading opens the market offers the speculative price of 25 .

Let talk then and see if my vision comes true


Isn't the current value 10 shillings?
Lord, thank you!
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streetwise
#450 Posted : Tuesday, March 24, 2015 11:16:02 AM
Rank: Veteran

Joined: 6/23/2011
Posts: 1,740
Location: Nairobi
The current value is not 10 shillings, the current selling price is 10 shillings
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