Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
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C&P from the website: UNAITAS Shares Owning Unaitas Sacco shares means you are a member, as well as an owner; with equal rights and a voice in how the society is ran democratically. Mark 12:29
Deuteronomy 4:16
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Rank: Veteran Joined: 10/11/2009 Posts: 1,223
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There is something called PARALYSIS OF ANALYSIS. It is a disease of the educated middle class. 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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Rank: Member Joined: 6/26/2008 Posts: 384
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I hate being blindsided, oh well. We will see as time goes by what becomes unearthed.
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Rank: Elder Joined: 7/22/2009 Posts: 7,567
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BGL wrote:There is something called PARALYSIS OF ANALYSIS. It is a disease of the educated middle class. And you think this qualifies??? You have forgotten you FEP holdings story that fast?? If there are Class A and Class B shares, one needs to get full disclosure before sinking a single penny into the investment. It is that simple. No ifs or maybes. At the bare minimum, one needs to know each and every difference. 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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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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target1360 wrote:MaichBlack wrote:Founder Members!!! I hate that phrase (If and when I am not a "founder member". He he he). From my past experience, any time that phrase is uttered - everywhere! - someone is just about to get screwed!!! am no longer confident about this stock anymore . i now understand buffets wisdom in holding tonnes of cash and investing in very few companies that he understands. in that case i think i only like. stanchat,b.a.t and probably bbk Doesn't Berkshire Hathaway have class A and B shares? Why shouldn't UNAITAS? What we need to know is...How many of these Class A shares are out there. Can I for instance still buy Class A shares? Is there a difference in valuation? When I was joining UNAITAS a while ago, they had one of their guys here as a Wazuan, he needs to clarify this grey area. "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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Rank: Elder Joined: 12/25/2014 Posts: 2,301 Location: kenya
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murchr wrote:target1360 wrote:MaichBlack wrote:Founder Members!!! I hate that phrase (If and when I am not a "founder member". He he he). From my past experience, any time that phrase is uttered - everywhere! - someone is just about to get screwed!!! am no longer confident about this stock anymore . i now understand buffets wisdom in holding tonnes of cash and investing in very few companies that he understands. in that case i think i only like. stanchat,b.a.t and probably bbk Doesn't Berkshire Hathaway have class A and B shares? Why shouldn't UNAITAS? What we need to know is...How many of these Class A shares are out there. Can I for instance still buy Class A shares? Is there a difference in valuation? When I was joining UNAITAS a while ago, they had one of their guys here as a Wazuan, he needs to clarify this grey area. I think that's the question to ask .can we still access to buy class A. Wish had the means to go to their offices and ask and tell you guys what I found out . It will rest it all
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Rank: Elder Joined: 7/22/2009 Posts: 7,567
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enyands wrote:murchr wrote:target1360 wrote:MaichBlack wrote:Founder Members!!! I hate that phrase (If and when I am not a "founder member". He he he). From my past experience, any time that phrase is uttered - everywhere! - someone is just about to get screwed!!! am no longer confident about this stock anymore . i now understand buffets wisdom in holding tonnes of cash and investing in very few companies that he understands. in that case i think i only like. stanchat,b.a.t and probably bbk Doesn't Berkshire Hathaway have class A and B shares? Why shouldn't UNAITAS? What we need to know is...How many of these Class A shares are out there. Can I for instance still buy Class A shares? Is there a difference in valuation? When I was joining UNAITAS a while ago, they had one of their guys here as a Wazuan, he needs to clarify this grey area. I think that's the question to ask .can we still access to buy class A. Wish had the means to go to their offices and ask and tell you guys what I found out . It will rest it all All the best!! Their employees are a totally clueless lot!!! They will give you all sorts of mumbo jumbo all the time running back and forth to consult an equally clueless manager at the back. They will tell you stuff contrary to common knowledge and when you confront them with your version they will run back to the "manager" and come with a different version (from their earlier version - and probably from yours!). Example: You might ask them their target capital. No idea. How much have raised so far? They run to the manager and come tell you they are almost at a billion. You tell them "But I read somewhere you are already at 1.4 Billion". They run back and come tell you "It is 1.2 Billion" bla bla bla! You will leave the place more frustrated than when you walked in! But you can try. You might meet an informed person! 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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Rank: Elder Joined: 7/22/2009 Posts: 7,567
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I should start a course on Internal Corporate Communication and charge companies "top dollar" to train their employees. I have noticed that most companies have employees who are totally clueless on something that is in their line of work. Not something that should be handled by another department. Most recently I have dealt with totally clueless employees at Dyer and Blair, KCB, Coop, Kingdom Securities, Unaitas and CMA!!! Last week I was so pissed off! I called CMA, I gave my story then I am told, I think the people you need to talk to are governance and sijui what. I am transferred. Same story bla bla bla. "I think the people you need to talk to are compliance". Transferred. Same story. "I think the people you need to talk to are bla bla bla". Transferred. Transferred like 6 times. Nobody sorted the issue. For Kingdom security I was transferred left, right and centre till I got to the operations manager. She had no idea if I can open a nominee CDS account for a minor or a joint account!! She promised to find out and call me back the next day. Never did!!! Employees who are in charge of opening CDS accounts at the two Coop bank branches I visited have no idea WHAT a nominee account is and it's difference from a joint account and if you must have IDs for both holders of a joint account bla bla bla. Advice? Go to branch x (the nearest) and see if they know!!! I could give the stories for the rest but the post will become a book. Totally pisses me off!!! 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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Rank: Elder Joined: 12/25/2014 Posts: 2,301 Location: kenya
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MaichBlack wrote:enyands wrote:murchr wrote:target1360 wrote:MaichBlack wrote:Founder Members!!! I hate that phrase (If and when I am not a "founder member". He he he). From my past experience, any time that phrase is uttered - everywhere! - someone is just about to get screwed!!! am no longer confident about this stock anymore . i now understand buffets wisdom in holding tonnes of cash and investing in very few companies that he understands. in that case i think i only like. stanchat,b.a.t and probably bbk Doesn't Berkshire Hathaway have class A and B shares? Why shouldn't UNAITAS? What we need to know is...How many of these Class A shares are out there. Can I for instance still buy Class A shares? Is there a difference in valuation? When I was joining UNAITAS a while ago, they had one of their guys here as a Wazuan, he needs to clarify this grey area. I think that's the question to ask .can we still access to buy class A. Wish had the means to go to their offices and ask and tell you guys what I found out . It will rest it all All the best!! Their employees are a totally clueless lot!!! They will give you all sorts of mumbo jumbo all the time running back and forth to consult an equally clueless manager at the back. They will tell you stuff contrary to common knowledge and when you confront them with your version they will run back to the "manager" and come with a different version (from their earlier version - and probably from yours!). Example: You might ask them their target capital. No idea. How much have raised so far? They run to the manager and come tell you they are almost at a billion. You tell them "But I read somewhere you are already at 1.4 Billion". They run back and come tell you "It is 1.2 Billion" bla bla bla! You will leave the place more frustrated than when you walked in! But you can try. You might meet an informed person! kudos MaichBlack.
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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MaichBlack wrote:enyands wrote:murchr wrote:target1360 wrote:MaichBlack wrote:Founder Members!!! I hate that phrase (If and when I am not a "founder member". He he he). From my past experience, any time that phrase is uttered - everywhere! - someone is just about to get screwed!!! am no longer confident about this stock anymore . i now understand buffets wisdom in holding tonnes of cash and investing in very few companies that he understands. in that case i think i only like. stanchat,b.a.t and probably bbk Doesn't Berkshire Hathaway have class A and B shares? Why shouldn't UNAITAS? What we need to know is...How many of these Class A shares are out there. Can I for instance still buy Class A shares? Is there a difference in valuation? When I was joining UNAITAS a while ago, they had one of their guys here as a Wazuan, he needs to clarify this grey area. I think that's the question to ask .can we still access to buy class A. Wish had the means to go to their offices and ask and tell you guys what I found out . It will rest it all All the best!! Their employees are a totally clueless lot!!! They will give you all sorts of mumbo jumbo all the time running back and forth to consult an equally clueless manager at the back. They will tell you stuff contrary to common knowledge and when you confront them with your version they will run back to the "manager" and come with a different version (from their earlier version - and probably from yours!). Example: You might ask them their target capital. No idea. How much have raised so far? They run to the manager and come tell you they are almost at a billion. You tell them "But I read somewhere you are already at 1.4 Billion". They run back and come tell you "It is 1.2 Billion" bla bla bla! You will leave the place more frustrated than when you walked in! But you can try. You might meet an informed person! On capital, they have been informing the public periodically, am sure they will give this information soon. Its hard for an employee to have this information infact i dont expect the employees to go peddling this info unless they are authorized. Besides, people buy these shares every day. We just need the clarification on class A and B shares, which is not unique to them, even co-op has this structure and we're still buying. "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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Rank: Veteran Joined: 11/15/2013 Posts: 1,977 Location: Here
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MaichBlack wrote:I should start a course on Internal Corporate Communication and charge companies "top dollar" to train their employees.
I have noticed that most companies have employees who are totally clueless on something that is in their line of work. Not something that should be handled by another department.
Most recently I have dealt with totally clueless employees at Dyer and Blair, KCB, Coop, Kingdom Securities, Unaitas and CMA!!!
Last week I was so pissed off! I called CMA, I gave my story then I am told, I think the people you need to talk to are governance and sijui what. I am transferred. Same story bla bla bla. "I think the people you need to talk to are compliance". Transferred. Same story. "I think the people you need to talk to are bla bla bla". Transferred. Transferred like 6 times. Nobody sorted the issue.
For Kingdom security I was transferred left, right and centre till I got to the operations manager. She had no idea if I can open a nominee CDS account for a minor or a joint account!! She promised to find out and call me back the next day. Never did!!! Employees who are in charge of opening CDS accounts at the two Coop bank branches I visited have no idea WHAT a nominee account is and it's difference from a joint account and if you must have IDs for both holders of a joint account bla bla bla. Advice? Go to branch x (the nearest) and see if they know!!!
I could give the stories for the rest but the post will become a book.
Totally pisses me off!!! I once said these clueless staff on a certain banking thread and wazuans told me its normal....I find it Schupid to work in an organization that you dont get the overall basic reflects of of it...@murchr how do the employees market a product they don't know,What is someone doing on customer care desk??? is he/she for display??? Everybody STEALS, a THIEF is one who's CAUGHT stealing something of LITTLE VALUE. !!!
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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Boris Boyka wrote:MaichBlack wrote:I should start a course on Internal Corporate Communication and charge companies "top dollar" to train their employees.
I have noticed that most companies have employees who are totally clueless on something that is in their line of work. Not something that should be handled by another department.
Most recently I have dealt with totally clueless employees at Dyer and Blair, KCB, Coop, Kingdom Securities, Unaitas and CMA!!!
Last week I was so pissed off! I called CMA, I gave my story then I am told, I think the people you need to talk to are governance and sijui what. I am transferred. Same story bla bla bla. "I think the people you need to talk to are compliance". Transferred. Same story. "I think the people you need to talk to are bla bla bla". Transferred. Transferred like 6 times. Nobody sorted the issue.
For Kingdom security I was transferred left, right and centre till I got to the operations manager. She had no idea if I can open a nominee CDS account for a minor or a joint account!! She promised to find out and call me back the next day. Never did!!! Employees who are in charge of opening CDS accounts at the two Coop bank branches I visited have no idea WHAT a nominee account is and it's difference from a joint account and if you must have IDs for both holders of a joint account bla bla bla. Advice? Go to branch x (the nearest) and see if they know!!!
I could give the stories for the rest but the post will become a book.
Totally pisses me off!!! I once said these clueless staff on a certain banking thread and wazuans told me its normal....I find it Schupid to work in an organization that you dont get the overall basic reflects of of it...@murchr how do the employees market a product they don't know,What is someone doing on customer care desk??? is he/she for display??? Customer service reps are there to help you with products not to discuss the capital structure of the company, you are expecting too much. "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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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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Per their twirra handle there is no classification of Shares. The bonus was only given once in 2013 for those who owned the shared before 2009. All shares are equal "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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Rank: Elder Joined: 7/22/2009 Posts: 7,567
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Boris Boyka wrote:I once said these clueless staff on a certain banking thread and wazuans told me its normal....I find it Schupid to work in an organization that you dont get the overall basic reflects of of it...@murchr how do the employees market a product they don't know,What is someone doing on customer care desk??? is he/she for display??? It is especially annoying when it is something DIRECTLY in their line of work. You go to the guy in charge of accounts opening and he/she has no idea the difference between the different accounts you are supposed to chose from!! What the hell are they doing there!!! During the CFC rights, some confused kid (must have been on attachment or someone's kid) was telling me I cannot apply for additional rights. I can only pay for my allocation and buy the rest off the market. I try to show him the section that says "Additional rights applied for bla bla bla". The kid says NO! They will forward just the money for the allocated rights then the rest they buy off the market! He even quotes for me the "current market price". I almost slapped him. And he is the one IN CHARGE of receiving the forms and cheques!!! Then he asks for assistance, from another bloody kid who doesn't even know what rights are!!! That day, two clueless kids were almost murdered!!! 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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Rank: Elder Joined: 7/22/2009 Posts: 7,567
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murchr wrote:Per their twirra handle there is no classification of Shares. The bonus was only given once in 2013 for those who owned the shared before 2009. All shares are equal Is this explicit??? You need to post some of those tweets. 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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Rank: Member Joined: 9/16/2006 Posts: 234
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Andrew Njiraini Yesterday at 5:49am Am keen to buy shares in unaitas but the shareholding structure worries me. Why do they have class A and class B shares? How come some shareholders get bonus shares and others do not get. This is scary 1Like · Comment · Share Unaitas Hello Andrew. Unaitas does not have two classes of shares. In 2013, there was a bonus issue as an appreciation to founder members who held the shares before the opening of the bond. Thank you. 12 hours ago Ndus Nduskah “I don’t regret the things I’ve done, I regret the things I didn’t do when I had the chance.”
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Rank: Elder Joined: 7/22/2009 Posts: 7,567
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murchr wrote:Boris Boyka wrote:MaichBlack wrote:I should start a course on Internal Corporate Communication and charge companies "top dollar" to train their employees.
I have noticed that most companies have employees who are totally clueless on something that is in their line of work. Not something that should be handled by another department.
Most recently I have dealt with totally clueless employees at Dyer and Blair, KCB, Coop, Kingdom Securities, Unaitas and CMA!!!
Last week I was so pissed off! I called CMA, I gave my story then I am told, I think the people you need to talk to are governance and sijui what. I am transferred. Same story bla bla bla. "I think the people you need to talk to are compliance". Transferred. Same story. "I think the people you need to talk to are bla bla bla". Transferred. Transferred like 6 times. Nobody sorted the issue.
For Kingdom security I was transferred left, right and centre till I got to the operations manager. She had no idea if I can open a nominee CDS account for a minor or a joint account!! She promised to find out and call me back the next day. Never did!!! Employees who are in charge of opening CDS accounts at the two Coop bank branches I visited have no idea WHAT a nominee account is and it's difference from a joint account and if you must have IDs for both holders of a joint account bla bla bla. Advice? Go to branch x (the nearest) and see if they know!!!
I could give the stories for the rest but the post will become a book.
Totally pisses me off!!! I once said these clueless staff on a certain banking thread and wazuans told me its normal....I find it Schupid to work in an organization that you dont get the overall basic reflects of of it...@murchr how do the employees market a product they don't know,What is someone doing on customer care desk??? is he/she for display??? Customer service reps are there to help you with products not to discuss the capital structure of the company, you are expecting too much. You are selling me shares and you don't know when the offer will close, you don't know how much you are targeting, you don't know how far off you are etc. You only know the shares are 10 bob. Kwisha!!! What the hell!!?? Who am I supposed to asks those questions? And the fellow posting them on twirra (meaning they are not secret) cannot do an email to the reps?? How many of their original shareholders are on twirra anyway?? Simple. Do a mailing list and the stuff that needs to be known by the public (like the ones posted on twirra) email them to the reps! Is this rocket science??? 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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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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MaichBlack wrote:murchr wrote:Per their twirra handle there is no classification of Shares. The bonus was only given once in 2013 for those who owned the shared before 2009. All shares are equal Is this explicit??? You need to post some of those tweets. And probably you need to sign up on twirra The offer will close when they attain their approved (on AGM) share capital. A customer service rep sitting at Cardinal Otunga hse will not know how many shares have been taken up in Murang'a until an audit is done. That said, if you feel you aint satisfied with the info out there to buy, DONT wachia wale wana matumbo ngumu. "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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Rank: Elder Joined: 7/22/2009 Posts: 7,567
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By the way, the bonus was at what ratio? Nobody has mentioned that. Thanks @murchr for the tweets. 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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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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MaichBlack wrote:By the way, the bonus was at what ratio? Nobody has mentioned that.
Thanks @murchr for the tweets. 1 for every 20 held. And make the internet your friend maich. http://unaitas.com/downl...cial_Statements_2013.pdf"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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