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guru267		#961 Posted : Thursday, March 24, 2016 4:45:08 PM
Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi		Sir invest wrote: 7% in nothing to write home about. its too low compare to other SACCOS. Other SACCOs do not double their capital in one year neither are they applying to become Banks. I'm ok sacrificing 3% for better quality stocks! Mark 12:29 Deuteronomy 4:16
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streetwise		#962 Posted : Thursday, March 24, 2016 5:17:41 PM
Rank: Veteran Joined: 6/23/2011 Posts: 1,740 Location: Nairobi		Lets us beat this topic to death. Become a bank by June 2016. How will they do that, CBK is not licensing any new banks. Or was this lifted when I was asleep
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enyands		#963 Posted : Thursday, March 24, 2016 5:40:13 PM
Rank: Elder Joined: 12/25/2014 Posts: 2,301 Location: kenya		murchr wrote: They need to reserve that money if they still intend to become a bank. 7% is very generous. They need to close that register now. The existing shareholders can/should increase capital They have surpassed the minimum 1b needed for bank registration. The more they seem to sell shares the serious the dilution it gets and eats into the share capital structure. I believe small share capital structure has huge returns in comparison to seriously diluted. Hope they will mention about the closure on the ADM.
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enyands		#964 Posted : Thursday, March 24, 2016 5:42:39 PM
Rank: Elder Joined: 12/25/2014 Posts: 2,301 Location: kenya		streetwise wrote: Lets us beat this topic to death. Become a bank by June 2016. How will they do that, CBK is not licensing any new banks. Or was this lifted when I was asleep Yeah that's a challenge. There are two hurdles to be jumped. First sasra to approve branch expansion and two cbk opening the floodgates for banks vehicles to roll in. Maybe they have inside info that we don't know
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enyands		#965 Posted : Thursday, March 24, 2016 5:57:44 PM
Rank: Elder Joined: 12/25/2014 Posts: 2,301 Location: kenya		Sir invest wrote: 7% in nothing to write home about. its too low compare to other SACCOS. Comparing your beautiful neighbors wife with yours not knowing what he goes through to maintain her beauty .maybe excessive loans, excessive lies.....tosheka na wako bwana.you could be happier than your neighbor despite the beauty ..... just saying
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Ngundi		#966 Posted : Thursday, March 24, 2016 6:07:35 PM
Rank: Member Joined: 5/8/2008 Posts: 20		enyands wrote: Sir invest wrote: 7% in nothing to write home about. its too low compare to other SACCOS. Comparing your beautiful neighbors wife with yours not knowing what he goes through to maintain her beauty .maybe excessive loans, excessive lies.....tosheka na wako bwana.you could be happier than your neighbor despite the beauty ..... just saying @Enyands, that's priceless wisdom! Btw, does this statement from the BD make sense, "The sacco plans to become a commercial bank by mid this year. The move has seen it double its share capital to Sh1.44 billion in 2014 from Sh693 million a year earlier" FREE Report On Achieving Financial Destiny \| Great Information About Personal Finance \| Financial Success \| Click Here
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enyands		#967 Posted : Thursday, March 24, 2016 6:30:11 PM
Rank: Elder Joined: 12/25/2014 Posts: 2,301 Location: kenya		Ngundi wrote: enyands wrote: Sir invest wrote: 7% in nothing to write home about. its too low compare to other SACCOS. Comparing your beautiful neighbors wife with yours not knowing what he goes through to maintain her beauty .maybe excessive loans, excessive lies.....tosheka na wako bwana.you could be happier than your neighbor despite the beauty ..... just saying @Enyands, that's priceless wisdom! Btw, does this statement from the BD make sense, "The sacco plans to become a commercial bank by mid this year. The move has seen it double its share capital to Sh1.44 billion in 2014 from Sh693 million a year earlier" It's the other way round .in 2014 they had 693m .last year it doubled to 1.44b.I just checked their statements . Typo err
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gatoho		#968 Posted : Thursday, March 24, 2016 7:39:01 PM
Rank: Member Joined: 1/1/2010 Posts: 518 Location: kandara, Murang'a		murchr wrote: They need to reserve that money if they still intend to become a bank. 7% is very generous. They need to close that register now. The existing shareholders can/should increase capital Seriously contemplating putting the kids to work in a different plantation. Stima. That said if I knew the register was closing soon, they would still work here. Foresight..
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murchr		#969 Posted : Thursday, March 24, 2016 7:46:43 PM
Rank: Elder Joined: 2/26/2012 Posts: 15,980		gatoho wrote: murchr wrote: They need to reserve that money if they still intend to become a bank. 7% is very generous. They need to close that register now. The existing shareholders can/should increase capital Seriously contemplating putting the kids to work in a different plantation. Stima. That said if I knew the register was closing soon, they would still work here. The ambiguity is discouraging, I totally understand you. They have hit the target. Was the ADM held? On Stima any word on the power project? "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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jerry		#970 Posted : Thursday, March 24, 2016 7:49:31 PM
Rank: Elder Joined: 9/29/2006 Posts: 2,570		enyands wrote: Ngundi wrote: enyands wrote: Sir invest wrote: 7% in nothing to write home about. its too low compare to other SACCOS. Comparing your beautiful neighbors wife with yours not knowing what he goes through to maintain her beauty .maybe excessive loans, excessive lies.....tosheka na wako bwana.you could be happier than your neighbor despite the beauty ..... just saying @Enyands, that's priceless wisdom! Btw, does this statement from the BD make sense, "The sacco plans to become a commercial bank by mid this year. The move has seen it double its share capital to Sh1.44 billion in 2014 from Sh693 million a year earlier" It's the other way round .in 2014 they had 693m .last year it doubled to 1.44b.I just checked their statements . Typo err Where could you have possibly checked this? 693Million for Dec 2013, 1.44Billion for Dec 2014 and 2.35Billion for Dec 2015. Check again!!! The opposite of courage is not cowardice, it's conformity.
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