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mwekez@ji
#101 Posted : Friday, December 21, 2012 7:25:23 PM
Rank: Chief


Joined: 5/31/2011
Posts: 5,121
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mwekez@ji
#102 Posted : Friday, December 21, 2012 7:41:13 PM
Rank: Chief


Joined: 5/31/2011
Posts: 5,121
The public offer was looking to raise at least KES 100M according to the chairman statement in page 6 of the information memorandum. It has achieved 70% subscription rate:

Amount raised before suspension of offer: KES 65,015,171 (of which KES 31,182,364 was from non members and KES 33,832,807 was from members)
Amount raised after suspension was lifted: KES 4,586,275

Total amount raised: KES 69,601,446 (65,015,171 + 4,586,275)

Subscription rate: 70% (69,601,446/100,000,000)
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BGL
#103 Posted : Saturday, January 05, 2013 1:31:26 AM
Rank: Veteran


Joined: 10/11/2009
Posts: 1,223
via twitter ‏@Unaitas

Unaitas Plans to open +5 new branches in 2013, rolling out Interactive Internet Banking is among plans on advance gear.
History 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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youcan'tstopusnow
#104 Posted : Friday, January 18, 2013 8:57:38 AM
Rank: Chief


Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
Are there plans to convert into a bank and list on the stock exchange?
In the banking sector, you are under the Central Bank of Kenya (CBK) and the capital requirement is Sh1
billion, but in the Sacco
sector it is Sh10 million so the first impediment is share capital.
Secondly, Saccos are started and run as member organisations. The perception from members is that if you
convert into a bank they will not get cheap loans.
CBK governs the Central
Bank Rate and you will
somehow be governed by this rate as a bank.
The problem is that people believe that when you want to deposit money, you go to a bank and when you want a
loan you go to a Sacco
because rates are affordable.
However, the most important thing is providing accessible
services to our members
within the current laws. If the laws are not progressive we will have every reason to
convert into a bank, but if they are conducive we will have no business changing.
We have been consulting and I am sure we will make the right decision.
http://www.businessdaily.../1/-/r3vw7/-/index.html

Doesn't sound too positive on that front, does he?
GOD BLESS YOUR LIFE
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bird_man
#105 Posted : Friday, January 18, 2013 9:46:11 AM
Rank: Veteran


Joined: 11/2/2006
Posts: 1,206
Location: Nairobi
Conversion from Sacco to bank is no easy task.Banks are just straight money making machines....Saccos on the other hand are "member" organizations where delegates dictate what will be done.
A jump from Sacco-Bank would almost mean losing your current customers to gain new ones.
Formally employed people often live their employers' dream & forget about their own.
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hobbit
#106 Posted : Tuesday, January 29, 2013 5:07:16 PM
Rank: New-farer


Joined: 5/25/2011
Posts: 88
http://www.facebook.com/unaitas?ref=stream

and now tonight they are in Movers and shakers....

Just wondering when, may be when it will be "who owns Unaitas"...

Never say die.

and when is the AGM, we need dividends..!!!
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MADE
#107 Posted : Tuesday, January 29, 2013 5:37:22 PM
Rank: Member


Joined: 11/12/2007
Posts: 391
hobbit wrote:
http://www.facebook.com/unaitas?ref=stream

and now tonight they are in Movers and shakers....

Just wondering when, may be when it will be "who owns Unaitas"...

Never say die.

and when is the AGM, we need dividends..!!!

Signs of a great train already plying in the Cooperative sector.By-stander passengers still wondering time of boarding? Am already on board
Age is transforming me into an Elder;becoz Admin hasn't made me one.
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essyk
#108 Posted : Tuesday, January 29, 2013 5:54:20 PM
Rank: Elder


Joined: 11/15/2011
Posts: 4,518
thank God I boarded the right plane.
"The true measure of a man is how he treats someone who can do him absolutely no good.
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Mucene
#109 Posted : Wednesday, January 30, 2013 5:45:03 PM
Rank: Member


Joined: 8/4/2012
Posts: 155
Location: Kenya
essyk wrote:
thank God I boarded the right plane.


Laughing out loudly Am proud too of being in the planesmile
If you don't want to go to plan B have a good plan A.
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BGL
#110 Posted : Sunday, February 10, 2013 12:51:10 AM
Rank: Veteran


Joined: 10/11/2009
Posts: 1,223
Unaitas set to open four new branches in growth plan

http://www.standardmedia...-branches-in-growth-plan
History 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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BGL
#111 Posted : Thursday, March 28, 2013 3:24:13 AM
Rank: Veteran


Joined: 10/11/2009
Posts: 1,223
Unaitas AGM happening Tomorrow, The financials will be ratified and availed on their website.
Unaitas Asset base grew from 2.8 in 2011 to in excess of 4 Billion in 2012
Unaitas Membership grew from 47,000 members in 2011 to over 113,000 members at the end of 2012

http://www.youtube.com/e...MlY?autoplay=1&rel=0
History 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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patrazi
#112 Posted : Friday, March 29, 2013 7:03:00 AM
Rank: New-farer


Joined: 7/18/2012
Posts: 76
Any highlights from yesterday's AGM?
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BGL
#113 Posted : Saturday, March 30, 2013 2:12:17 PM
Rank: Veteran


Joined: 10/11/2009
Posts: 1,223
patrazi wrote:
Any highlights from yesterday's AGM?


Dividend on investment shares = 9% computed pro rata.
Crediting was done on 28.03.2013
History 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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patrazi
#114 Posted : Saturday, March 30, 2013 4:46:10 PM
Rank: New-farer


Joined: 7/18/2012
Posts: 76
BGL wrote:
patrazi wrote:
Any highlights from yesterday's AGM?

k
Dividend on investment shares = 9% computed pro rata.
Crediting was done on 28.03.2013


Thanks.
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hobbit
#115 Posted : Saturday, March 30, 2013 9:27:29 PM
Rank: New-farer


Joined: 5/25/2011
Posts: 88
BGL wrote:
patrazi wrote:
Any highlights from yesterday's AGM?


Dividend on investment shares = 9% computed pro rata.
Crediting was done on 28.03.2013



i think its balance as at 31st Dec 2012 and not pro rata...
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patrazi
#116 Posted : Sunday, March 31, 2013 6:20:57 AM
Rank: New-farer


Joined: 7/18/2012
Posts: 76
hobbit wrote:
BGL wrote:
patrazi wrote:
Any highlights from yesterday's AGM?


Dividend on investment shares = 9% computed pro rata.
Crediting was done on 28.03.2013



i think its balance as at 31st Dec 2012 and not pro rata...


@hobbit Confirmed from what is credited on my a/c. 9% on December balance, not pro-rata.
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BGL
#117 Posted : Sunday, March 31, 2013 11:44:12 PM
Rank: Veteran


Joined: 10/11/2009
Posts: 1,223
hobbit wrote:
BGL wrote:
patrazi wrote:
Any highlights from yesterday's AGM?


Dividend on investment shares = 9% computed pro rata.
Crediting was done on 28.03.2013



i think its balance as at 31st Dec 2012 and not pro rata...


You are right.
History 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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gatoho
#118 Posted : Monday, April 01, 2013 5:42:25 AM
Rank: Member


Joined: 1/1/2010
Posts: 511
Location: kandara, Murang'a
BGL wrote:
hobbit wrote:
BGL wrote:
patrazi wrote:
Any highlights from yesterday's AGM?


Dividend on investment shares = 9% computed pro rata.
Crediting was done on 28.03.2013



i think its balance as at 31st Dec 2012 and not pro rata...


You are right.



Nice... pesa ya kujengea Ng'ombe pap!
Foresight..
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murchr
#119 Posted : Monday, April 01, 2013 11:32:48 PM
Rank: Elder


Joined: 2/26/2012
Posts: 15,980
http://www.businessdaily...30/-/85ivop/-/index.html
"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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essyk
#120 Posted : Wednesday, April 17, 2013 9:09:06 PM
Rank: Elder


Joined: 11/15/2011
Posts: 4,518
I have a very bad habit of buying shares and forgeting them.
very boring to follow up only God can save me.

"The true measure of a man is how he treats someone who can do him absolutely no good.
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