Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
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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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Rank: Veteran Joined: 6/23/2011 Posts: 1,740 Location: Nairobi
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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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Rank: Elder Joined: 12/25/2014 Posts: 2,301 Location: kenya
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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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Rank: Elder Joined: 12/25/2014 Posts: 2,301 Location: kenya
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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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Rank: Elder Joined: 12/25/2014 Posts: 2,301 Location: kenya
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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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Rank: Member Joined: 5/8/2008 Posts: 20
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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"
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Rank: Elder Joined: 12/25/2014 Posts: 2,301 Location: kenya
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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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Rank: Member Joined: 1/1/2010 Posts: 518 Location: kandara, Murang'a
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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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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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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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Rank: Elder Joined: 9/29/2006 Posts: 2,570
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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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Rank: Member Joined: 1/1/2010 Posts: 518 Location: kandara, Murang'a
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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 Acquiring an existing one maybe? Foresight..
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Rank: Elder Joined: 12/25/2014 Posts: 2,301 Location: kenya
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jerry wrote: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!!! Sorry it was my typo err 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. link
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Rank: Member Joined: 1/1/2010 Posts: 518 Location: kandara, Murang'a
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streetwise wrote:Sure 7% is below the 10% economic profit of zero Oh that. 3% the opportunity Cost? Foresight..
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Rank: Member Joined: 9/14/2011 Posts: 864 Location: nairobi
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What is the Eps and fair value per share
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Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
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heri wrote:What is the Eps and fair value per share EPS = 1.8 DPS = 0.7 NAV per share = 16 Mark 12:29
Deuteronomy 4:16
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Rank: Member Joined: 9/14/2011 Posts: 864 Location: nairobi
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guru267 wrote:heri wrote:What is the Eps and fair value per share EPS = 1.8 DPS = 0.7 NAV per share = 16 @guru267, thanks. The NAV is good but they need to close the register to stop dilution
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Rank: Elder Joined: 12/25/2014 Posts: 2,301 Location: kenya
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heri wrote:guru267 wrote:heri wrote:What is the Eps and fair value per share EPS = 1.8 DPS = 0.7 NAV per share = 16 @guru267, thanks. The NAV is good but they need to close the register to stop dilution One more time who know what was said at ADM
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Rank: Elder Joined: 12/25/2014 Posts: 2,301 Location: kenya
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Ngundi wrote:whiteowl wrote:jerry wrote:enyands wrote:Any person with dividends due date They promised it'll be by end of this month. When is ADM/AGM? Last year they paid on 31st so I expect them any time in the next 2 weeks. I am informed that the ADM is on Thursday 24th March 2016. This means dividends/interest may be paid as early as Monday 28th March 2016. Let's just hope and wait. Ngundi did your source tell you about ADM outcome? today is 25th and I assume ADM was yesterday
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Rank: Member Joined: 1/1/2010 Posts: 518 Location: kandara, Murang'a
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Dividends always hit on 1st April I think Foresight..
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Rank: Member Joined: 1/1/2010 Posts: 518 Location: kandara, Murang'a
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Hi, Hope you are doing well.The AGM will be held on 24th March 2016 and thus the dividend payment will follow. You can continue buying shares as the deadline was extended untill further notice. Attached find updated statement. Foresight..
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