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UNAITAS
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murchr
#591 Posted : Saturday, May 23, 2015 9:29:14 PM
Rank: Elder

Joined: 2/26/2012
Posts: 15,980
streetwise wrote:
These is something called current value and future value of money


What about it?
"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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MaichBlack
#592 Posted : Saturday, May 23, 2015 9:45:45 PM
Rank: Elder

Joined: 7/22/2009
Posts: 7,913
streetwise wrote:
These is something called current value and future value of money

Hakuna kitu kama hiyo. They should have split the old shares or given bonuses before they came to the public if they felt those shares were worth more than 10/=

Unless I get more information, I am a very worried man! The fact that they have given one class of shares bonus shares without giving the other one is very scary (unless we can be furnished with comprehensive information of the reasoning and how these two classes will be treated going forward!).

What stops them from doing it again. And again. And again!!! What stops them going the Home Africa way where one class of shares gets dividends and the other one ni ma losses tu! What stops them splitting class A shares 20 times plus bonus shares and splitting class B twice or stuff like that.

If there is no clear cut information on these two classes, be scared. Be very scared!!!
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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Angelica _ann
#593 Posted : Saturday, May 23, 2015 10:03:27 PM
Rank: Elder

Joined: 12/7/2012
Posts: 11,938
Cooperative Bank has class A & B shares. So far just working fine except for representation & voting at GMs.
In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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enyands
#594 Posted : Sunday, May 24, 2015 12:26:18 AM
Rank: Elder

Joined: 12/25/2014
Posts: 2,301
Location: kenya
its2013 wrote:
MaichBlack wrote:
BGL wrote:
enyands wrote:
BGL wrote:
streetwise wrote:
I am told some of these organisations have class A and class B shares what is the stucture at Unaitas


UNAITAS has a similar structure. The shares bought before year 2009 have superior rights than those bought after year 2010.


BGL , when you say they have superior rights than another class what exactly do you mean , voting rights , dividends rights ama entitled to more shares during dilution .Please clarify


.............BONUS rights..............
Just the other day (FY 2013), those shares (pre-2009) qualified for bonus while (post-2010) did not.

Red Flag!!!! Sirens!!!

The minute someone introduces class A and Class B shares for the same category of shareholders (individuals in this case), be very worried!!

This is how people get shafted!!! Everyone who was there before is on class A shares (I guess) then they say, let's get some suckers (?) and we get them to buy shares (bring us more money) only that their shares will be class B! All the good things then go to class A shares.

We need COMPLETE details about the differences between these classes. This is total BS!! You are busy taking every single coin to them to double your shareholding then all over sudden someone else is given bonus shares? Based on what? Where does it stop? And you guys don't see anything wrong with this????

Very well put.


@BGL i know you are thorough in your research as Iv seen before and how possible is it you find out more about this stuff and feed us with what you find out about this class A and class B at unaitas. saidia tafadhali
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jerry
#595 Posted : Sunday, May 24, 2015 11:05:52 AM
Rank: Elder

Joined: 9/29/2006
Posts: 2,570
Angelica _ann wrote:
Cooperative Bank has class A & B shares. So far just working fine except for representation & voting at GMs.

I don't think "just working fine" is the true position. The special shares are only traded OTC and at 6/= if I'm not wrong. However, the dvds are same for both classes.
The opposite of courage is not cowardice, it's conformity.
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  | | Edit by user: Sunday, May 24, 2015 11:07 AM | Reason: Not specified
MaichBlack
#596 Posted : Sunday, May 24, 2015 12:25:11 PM
Rank: Elder

Joined: 7/22/2009
Posts: 7,913
Angelica _ann wrote:
Cooperative Bank has class A & B shares. So far just working fine except for representation & voting at GMs.

@ Angelica - The Coop and Unaitas stories are different. For one Unaitas - according to information here - gave bonus shares to one class and not the other one! That right there is scary!!! I don't need any other reason to be scared.

I am not saying it is all doom and gloom. All I am saying is that we need comprehensive information about these two classes. Hopefully @BGL and the rest can furnish us with that information and we put this to rest. But with the available info. at the moment, one needs to be very scared!!!
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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doubletap
#597 Posted : Sunday, May 24, 2015 2:08:22 PM
Rank: Member

Joined: 7/17/2014
Posts: 132
Location: Wherethewindblows
Each member shall purchase at least one hundred shares of Ksh.10 each. Shares are not refundable or assignable as collateral for a loan.

http://unaitas.com/investment_shares.php

What do they mean with this statement? Does it mean you can't cash out the shares you hold or plan to buy in the future or are you locked in until they (shares) are floated in the stock exchange. Anybody with a clue.
You have to learn the rules of the game. And then you have to play better than anyone else - Albert Einstein
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Pesa Nane
#598 Posted : Sunday, May 24, 2015 3:34:58 PM
Rank: Elder

Joined: 5/25/2012
Posts: 4,105
Location: 08c
doubletap wrote:
Each member shall purchase at least one hundred shares of Ksh.10 each. Shares are not refundable or assignable as collateral for a loan.

http://unaitas.com/investment_shares.php

What do they mean with this statement? Does it mean you can't cash out the shares you hold or plan to buy in the future or are you locked in until they (shares) are floated in the stock exchange. Anybody with a clue.

"Each member shall purchase at least one hundred shares of Ksh.10 each" Means that for one to become a member (shareholder), they have to purchase a minimum of 100 shares. Each share is being sold at Ksh. 10.00

"Shares are not refundable" Means you cannot give back your share in exchange for your money

Shares are not "assignable as collateral for a loan" Means UNAITAS cannot accept your unaitas shares as collateral for a loan ie You cannot borrow against your shares
Pesa Nane plans to be shilingi when he grows up.
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heri
#599 Posted : Sunday, May 24, 2015 3:46:38 PM
Rank: Member

Joined: 9/14/2011
Posts: 870
Location: nairobi
What became of the shareholding structure? They hired consultants last year to advice them on the shareholding structure. Finding out what has been recommended would be great

Otherwise am also very worried to hear of different classes of shares
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streetwise
#600 Posted : Sunday, May 24, 2015 8:49:35 PM
Rank: Veteran

Joined: 6/23/2011
Posts: 1,740
Location: Nairobi
Yes we need full disclosure
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