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UNAITAS
guru267
#621 Posted : Monday, May 25, 2015 1:54:51 PM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
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
BGL
#622 Posted : Monday, May 25, 2015 2:00:49 PM
Rank: Veteran

Joined: 10/11/2009
Posts: 1,223
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
xtina
#623 Posted : Monday, May 25, 2015 2:08:53 PM
Rank: Member

Joined: 6/26/2008
Posts: 401
I hate being blindsided, oh well. We will see as time goes by what becomes unearthed.
MaichBlack
#624 Posted : Monday, May 25, 2015 2:13:25 PM
Rank: Elder

Joined: 7/22/2009
Posts: 7,913
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.
murchr
#625 Posted : Monday, May 25, 2015 5:07:55 PM
Rank: Elder

Joined: 2/26/2012
Posts: 15,980
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
.
enyands
#626 Posted : Monday, May 25, 2015 5:20:41 PM
Rank: Elder

Joined: 12/25/2014
Posts: 2,301
Location: kenya
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
MaichBlack
#627 Posted : Monday, May 25, 2015 6:01:17 PM
Rank: Elder

Joined: 7/22/2009
Posts: 7,913
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.
MaichBlack
#628 Posted : Monday, May 25, 2015 6:17:04 PM
Rank: Elder

Joined: 7/22/2009
Posts: 7,913
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.
enyands
#629 Posted : Monday, May 25, 2015 6:19:04 PM
Rank: Elder

Joined: 12/25/2014
Posts: 2,301
Location: kenya
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.
murchr
#630 Posted : Monday, May 25, 2015 6:21:31 PM
Rank: Elder

Joined: 2/26/2012
Posts: 15,980
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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