Wazua
»
Groups
»
Triumph
»
Safaricom Investment Cooperative
Rank: Veteran Joined: 5/18/2008 Posts: 796
|
CLK wrote:BGL wrote:bird_man wrote:Doesnt that mean actual dividend is 8.4%? Exactly, 8.4% in cash and 19.6% as bonus shares.SIC needs cash to finance the ongoing land and housing projects hence the need for dividend capitalization. @BGL, if i wanted to withdraw from the co-op, can i get everything including the bonus shares? ofcourse in cash You just sell your shares to another sucker..sorry.. investor
|
|
|
Rank: Member Joined: 2/20/2007 Posts: 767
|
What is the curent cost of these apartments and shops? How can I go about buying a unit? They must find it difficult....... those who have taken authority as the truth, rather than truth as the authority. -G. Massey.
|
|
|
Rank: Member Joined: 10/19/2009 Posts: 671 Location: Nairobi
|
tom_boy wrote:What is the curent cost of these apartments and shops? How can I go about buying a unit? Hi @tom_boy, Just go to their site sic.co.ke and call the number down there. They will assist you.
Life is joy, death is peace, but the transition is very difficult.
|
|
|
Rank: Member Joined: 10/19/2009 Posts: 671 Location: Nairobi
|
I have seen the Land in Namanga that SIC is selling. Half acres..at 420K, Is it worth it? Anyone with insight? they say, 300m from Tarmac, and 7KM from Border. Anyone in SIC considering this?
Life is joy, death is peace, but the transition is very difficult.
|
|
|
Rank: Member Joined: 4/14/2011 Posts: 639
|
They also have some 1/2 acres at Isinya@560k.The visit was on sat 21st sept.Anybody who went please share on the prospect of the parcels.Am told the demand is so high that 1/4 parcels were taken in three days!!! Anybody who went please share your views
|
|
|
Rank: Member Joined: 6/14/2010 Posts: 521 Location: Nairobi
|
Hunderwear wrote:They also have some 1/2 acres at Isinya@560k.The visit was on sat 21st sept.Anybody who went please share on the prospect of the parcels.Am told the demand is so high that 1/4 parcels were taken in three days!!! Anybody who went please share your views Anybody please!! Share!
|
|
|
Rank: Elder Joined: 7/11/2012 Posts: 5,222
|
Why do their titles take forever? Two years down the line and there is no sign of a Title deed 
|
|
|
Rank: Member Joined: 10/19/2009 Posts: 671 Location: Nairobi
|
Mukiri wrote:Why do their titles take forever? Two years down the line and there is no sign of a Title deed for which plots?
Life is joy, death is peace, but the transition is very difficult.
|
|
|
Rank: Elder Joined: 7/11/2012 Posts: 5,222
|
webish wrote:Mukiri wrote:Why do their titles take forever? Two years down the line and there is no sign of a Title deed for which plots? Those sold and paid for last year
|
|
|
Rank: New-farer Joined: 10/25/2013 Posts: 12
|
I have the very same question about the Title taking too long to process. Has anyone received any title form the sacco?
My biggest concern about SIC is over selling the plots. i.e if they have 10 plots they sell to more than 10 people hence some people end up paying but don't get allocated the plots they chose.
Is it a honest mistake or are they getting greedy?? Please make sure that you have been allocated the plot number you signed for. You may be shocked 2 years down the line that your plot has been given to someone else. You will get your money back but they have used your money to grow there company and instead of compensating you they will still charge you the 10,000 withdrawal fee.
If anyone knows how to fight this please share
|
|
|
Rank: Member Joined: 4/14/2011 Posts: 639
|
truth101 wrote:I have the very same question about the Title taking too long to process. Has anyone received any title form the sacco?
My biggest concern about SIC is over selling the plots. i.e if they have 10 plots they sell to more than 10 people hence some people end up paying but don't get allocated the plots they chose.
Is it a honest mistake or are they getting greedy?? Please make sure that you have been allocated the plot number you signed for. You may be shocked 2 years down the line that your plot has been given to someone else. You will get your money back but they have used your money to grow there company and instead of compensating you they will still charge you the 10,000 withdrawal fee.
If anyone knows how to fight this please share What????Is this your experience or you just overerheard somewhere?Am having the first plot with them paid in instalment.I wil seek a written confirmation that I wil get the plot I choose tomorrow failing which I will withdraw coz I hate being shortchanged.Btw is there a provision for filling the plot number un their offer letter?
|
|
|
Rank: Member Joined: 10/19/2009 Posts: 671 Location: Nairobi
|
Hunderwear wrote:truth101 wrote:I have the very same question about the Title taking too long to process. Has anyone received any title form the sacco?
My biggest concern about SIC is over selling the plots. i.e if they have 10 plots they sell to more than 10 people hence some people end up paying but don't get allocated the plots they chose.
Is it a honest mistake or are they getting greedy?? Please make sure that you have been allocated the plot number you signed for. You may be shocked 2 years down the line that your plot has been given to someone else. You will get your money back but they have used your money to grow there company and instead of compensating you they will still charge you the 10,000 withdrawal fee.
If anyone knows how to fight this please share What????Is this your experience or you just overerheard somewhere?Am having the first plot with them paid in instalment.I wil seek a written confirmation that I wil get the plot I choose tomorrow failing which I will withdraw coz I hate being shortchanged.Btw is there a provision for filling the plot number un their offer letter? Hey @Hunder.. also in the process (this coming week). Please reach out at ( jabrasets@gmail.com )..we can share experiences, if you don't mind.
Life is joy, death is peace, but the transition is very difficult.
|
|
|
Rank: Member Joined: 10/19/2009 Posts: 671 Location: Nairobi
|
Brief experience so far. My Lawyer has been insisting on a Copy of Original Title, which SIC cannot provide.. not sure if this is how Land Selling companies Operate? Did an official Request, and they said, THEY DO NOT issue copies of title for search purposes... They say LR Number is enough for Official Search. My Lawyer thinks otherwise.
Life is joy, death is peace, but the transition is very difficult.
|
|
|
Rank: Veteran Joined: 10/11/2009 Posts: 1,223
|
deletedHistory 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
|
|
|
Rank: Veteran Joined: 11/2/2006 Posts: 1,206 Location: Nairobi
|
@BGL....what happened?Why so? Formally employed people often live their employers' dream & forget about their own.
|
|
|
Rank: Hello Joined: 10/28/2013 Posts: 1
|
Hunderwear wrote:truth101 wrote:I have the very same question about the Title taking too long to process. Has anyone received any title form the sacco?
My biggest concern about SIC is over selling the plots. i.e if they have 10 plots they sell to more than 10 people hence some people end up paying but don't get allocated the plots they chose.
Is it a honest mistake or are they getting greedy?? Please make sure that you have been allocated the plot number you signed for. You may be shocked 2 years down the line that your plot has been given to someone else. You will get your money back but they have used your money to grow there company and instead of compensating you they will still charge you the 10,000 withdrawal fee.
If anyone knows how to fight this please share What????Is this your experience or you just overerheard somewhere?Am having the first plot with them paid in instalment.I wil seek a written confirmation that I wil get the plot I choose tomorrow failing which I will withdraw coz I hate being shortchanged.Btw is there a provision for filling the plot number un their offer letter? (sorry i register under my yahoo account and the system couldn't let me sign in as truth101) Its my own experience and its very frustrating since the plot numbers are on the offer letter. So my issue was how can they really give the plot to someone else when I have the offer letters in my hand. Well am afraid to go through the legal system since i know they have very good lawyers hence am afraid this will prolong the time when i get my money back. I can live with the 30 days they have given me. I also have another plot that i have paid off in Salama which they have said that the Title should be ready. Am crossing my fingers and if i dont get it by end of November i guess it will be time to withdraw completely and sell all my shares and tell all my friends to run very fast away from SIC
|
|
|
Rank: New-farer Joined: 10/25/2013 Posts: 12
|
webish wrote:Brief experience so far.
My Lawyer has been insisting on a Copy of Original Title, which SIC cannot provide.. not sure if this is how Land Selling companies Operate? Did an official Request, and they said, THEY DO NOT issue copies of title for search purposes...
They say LR Number is enough for Official Search. My Lawyer thinks otherwise.
Is this for the Salama plots???
|
|
|
Rank: Member Joined: 10/19/2009 Posts: 671 Location: Nairobi
|
truth101 wrote:webish wrote:Brief experience so far.
My Lawyer has been insisting on a Copy of Original Title, which SIC cannot provide.. not sure if this is how Land Selling companies Operate? Did an official Request, and they said, THEY DO NOT issue copies of title for search purposes...
They say LR Number is enough for Official Search. My Lawyer thinks otherwise.
Is this for the Salama plots??? No, not Salama. Sorry for what has happened. Will report back if anything..
Life is joy, death is peace, but the transition is very difficult.
|
|
|
Rank: New-farer Joined: 10/25/2013 Posts: 12
|
Hunderwear wrote:truth101 wrote:I have the very same question about the Title taking too long to process. Has anyone received any title form the sacco?
My biggest concern about SIC is over selling the plots. i.e if they have 10 plots they sell to more than 10 people hence some people end up paying but don't get allocated the plots they chose.
Is it a honest mistake or are they getting greedy?? Please make sure that you have been allocated the plot number you signed for. You may be shocked 2 years down the line that your plot has been given to someone else. You will get your money back but they have used your money to grow there company and instead of compensating you they will still charge you the 10,000 withdrawal fee.
If anyone knows how to fight this please share What????Is this your experience or you just overerheard somewhere?Am having the first plot with them paid in instalment.I wil seek a written confirmation that I wil get the plot I choose tomorrow failing which I will withdraw coz I hate being shortchanged.Btw is there a provision for filling the plot number un their offer letter? Any updates??? There is no provision for plot number on the offer letter. They just wrote on the top with a pen my member number and the plot number.
|
|
|
Rank: Member Joined: 4/14/2011 Posts: 639
|
I talked with them today pretending not to know my plot number.They read me what they had in the system and corresponded with whAt I had booked.On asking for a written confirmation I was told they dont do that bt on insisting I was referd to another offce which had no one...I got busy.I w follow tommorrow.I think greed is setting in.
|
|
|
Wazua
»
Groups
»
Triumph
»
Safaricom Investment Cooperative
Forum Jump
You cannot post new topics in this forum.
You cannot reply to topics in this forum.
You cannot delete your posts in this forum.
You cannot edit your posts in this forum.
You cannot create polls in this forum.
You cannot vote in polls in this forum.
|