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Safaricom Investment Cooperative
Rank: Elder Joined: 2/26/2012 Posts: 15,979
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Who has tried to bid in the secondary market? Do you have to bid 100+? "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:harrydre wrote:enyands wrote:If you want to join safaricom sacco then you need someone to introduce you .but if you want to join safaricom INVESTMENT cooperative you need no one .email them and you will get started pngari@safaricom.co.ke Thanks, my interest is the S.I.C Then talk to paul ngari at pngari@safaricom.co.ke Another question. How much cash does someone need to join and what are the monthly contributions? The opposite of courage is not cowardice, it's conformity.
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Rank: Member Joined: 4/4/2007 Posts: 91
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murchr wrote:Who has tried to bid in the secondary market? Do you have to bid 100+? Yes. Minimum number of shares one can float and bid is 100 Knowledge is power , but action gets things done ...
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Rank: Member Joined: 4/4/2007 Posts: 91
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jerry wrote:enyands wrote:harrydre wrote:enyands wrote:If you want to join safaricom sacco then you need someone to introduce you .but if you want to join safaricom INVESTMENT cooperative you need no one .email them and you will get started pngari@safaricom.co.ke Thanks, my interest is the S.I.C Then talk to paul ngari at pngari@safaricom.co.ke Another question. How much cash does someone need to join and what are the monthly contributions? Minimum monthly contributions is 3k per month . To be a member , one requires to have a min of 300 shares (at 435 /share) + 10k joining fee . 140,500 Kes in total. Knowledge is power , but action gets things done ...
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Rank: Elder Joined: 2/26/2012 Posts: 15,979
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Pirate wrote:murchr wrote:Who has tried to bid in the secondary market? Do you have to bid 100+? Yes. Minimum number of shares one can float and bid is 100 I saw a sell bid of 78 shares and other numbers that were not in hundreds like 158 etc. And should the account have money before trading? "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: Member Joined: 4/4/2007 Posts: 91
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murchr wrote:Pirate wrote:murchr wrote:Who has tried to bid in the secondary market? Do you have to bid 100+? Yes. Minimum number of shares one can float and bid is 100 I saw a sell bid of 78 shares and other numbers that were not in hundreds like 158 etc. And should the account have money before trading? Interesting. I assumed since the minimum one can float is 100 , the same should apply. One should have money deposited in the SIC account before trading. It's a new rule ,after launch for the online platform . Knowledge is power , but action gets things done ...
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Rank: Elder Joined: 2/26/2012 Posts: 15,979
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I have been getting a message " SIC grants you chance to use your monthly contribution to buy secondary shares and earn more benefits." Does anyone know if the share register has been closed? "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: 2,300 Location: kenya
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murchr wrote:I have been getting a message "SIC grants you chance to use your monthly contribution to buy secondary shares and earn more benefits." Does anyone know if the share register has been closed? I got the same too
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Rank: Elder Joined: 12/25/2014 Posts: 2,300 Location: kenya
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What's the latest in this bus
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Rank: Elder Joined: 12/25/2014 Posts: 2,300 Location: kenya
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murchr wrote:I have been getting a message "SIC grants you chance to use your monthly contribution to buy secondary shares and earn more benefits." Does anyone know if the share register has been closed? Talked to someone who mentioned that they are still like usual. Bought monthly last month ,this month.so it's for those who want kadiscount
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Rank: Member Joined: 4/4/2007 Posts: 91
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enyands wrote:murchr wrote:I have been getting a message "SIC grants you chance to use your monthly contribution to buy secondary shares and earn more benefits." Does anyone know if the share register has been closed? Talked to someone who mentioned that they are still like usual. Bought monthly last month ,this month.so it's for those who want kadiscount Well remember when you buy monthly , the rate is 435/- and your rebates are prorated, but from the secondary market , its 405/- more often than not plus you get full year dividends. On another note , SIC have had a good run this year with land and property sales . Expecting performance of about 25-30% end of year . Knowledge is power , but action gets things done ...
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Rank: Elder Joined: 12/25/2014 Posts: 2,300 Location: kenya
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Pirate wrote:enyands wrote:murchr wrote:I have been getting a message "SIC grants you chance to use your monthly contribution to buy secondary shares and earn more benefits." Does anyone know if the share register has been closed? Talked to someone who mentioned that they are still like usual. Bought monthly last month ,this month.so it's for those who want kadiscount Well remember when you buy monthly , the rate is 435/- and your rebates are prorated, but from the secondary market , its 405/- more often than not plus you get full year dividends. On another note , SIC have had a good run this year with land and property sales . Expecting performance of about 25-30% end of year . You rock pirate. Thanks. How about stima na hii kitu ingine inaitwa UNAITAS
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Rank: Member Joined: 4/4/2007 Posts: 91
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enyands wrote:Pirate wrote:enyands wrote:murchr wrote:I have been getting a message "SIC grants you chance to use your monthly contribution to buy secondary shares and earn more benefits." Does anyone know if the share register has been closed? Talked to someone who mentioned that they are still like usual. Bought monthly last month ,this month.so it's for those who want kadiscount Well remember when you buy monthly , the rate is 435/- and your rebates are prorated, but from the secondary market , its 405/- more often than not plus you get full year dividends. On another note , SIC have had a good run this year with land and property sales . Expecting performance of about 25-30% end of year . You rock pirate. Thanks. How about stima na hii kitu ingine inaitwa UNAITAS Stima Cooperative have been performing relatively well . They gave rebates of 21% in 2014 and 23% for 2015 financial year. A substantial amount coming from land sales and rental income. Planning to join it in 2017. As for UNAITAS ,I have not much information on it Knowledge is power , but action gets things done ...
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Rank: Veteran Joined: 11/21/2006 Posts: 1,590
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Pirate-does one has to be a member to buy the shares? Pirate wrote:enyands wrote:Pirate wrote:enyands wrote:murchr wrote:I have been getting a message "SIC grants you chance to use your monthly contribution to buy secondary shares and earn more benefits." Does anyone know if the share register has been closed? Talked to someone who mentioned that they are still like usual. Bought monthly last month ,this month.so it's for those who want kadiscount Well remember when you buy monthly , the rate is 435/- and your rebates are prorated, but from the secondary market , its 405/- more often than not plus you get full year dividends. On another note , SIC have had a good run this year with land and property sales . Expecting performance of about 25-30% end of year . You rock pirate. Thanks. How about stima na hii kitu ingine inaitwa UNAITAS Stima Cooperative have been performing relatively well . They gave rebates of 21% in 2014 and 23% for 2015 financial year. A substantial amount coming from land sales and rental income. Planning to join it in 2017. As for UNAITAS ,I have not much information on it Sehemu ndio nyumba
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Rank: Member Joined: 4/4/2007 Posts: 91
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Yep. For Stima Cooperative : 5k joining fee and purchase of 300 shares @ 200 bob each. Monthly minimum contributions of 2500 Mainat wrote:Pirate-does one has to be a member to buy the shares? Pirate wrote:enyands wrote:Pirate wrote:enyands wrote:murchr wrote:I have been getting a message "SIC grants you chance to use your monthly contribution to buy secondary shares and earn more benefits." Does anyone know if the share register has been closed? Talked to someone who mentioned that they are still like usual. Bought monthly last month ,this month.so it's for those who want kadiscount Well remember when you buy monthly , the rate is 435/- and your rebates are prorated, but from the secondary market , its 405/- more often than not plus you get full year dividends. On another note , SIC have had a good run this year with land and property sales . Expecting performance of about 25-30% end of year . You rock pirate. Thanks. How about stima na hii kitu ingine inaitwa UNAITAS Stima Cooperative have been performing relatively well . They gave rebates of 21% in 2014 and 23% for 2015 financial year. A substantial amount coming from land sales and rental income. Planning to join it in 2017. As for UNAITAS ,I have not much information on it Knowledge is power , but action gets things done ...
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Rank: Veteran Joined: 11/21/2006 Posts: 1,590
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@pirate, thanks. what about safaricom Sehemu ndio nyumba
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Rank: Elder Joined: 12/25/2014 Posts: 2,300 Location: kenya
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Mainat wrote:@pirate, thanks. what about safaricom Mainat si you can go to their websites and all info is there. You can even get their number and call them www.sic.co.ke
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Rank: Member Joined: 12/17/2013 Posts: 118
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murchr wrote:I have been getting a message "SIC grants you chance to use your monthly contribution to buy secondary shares and earn more benefits." Does anyone know if the share register has been closed? Me too I have been getting this nessage and it didnt make sense to me. Only yesterday I noticed they decided to do this after they noticed no one was buying the secondary shares and a big backlog dated from as early as April needed to be cleared. If you teied to sell your shares in July your lot is still in the market todate andso is anyone who floated his tbereafter. Why this is happening I have no idea. Too many people selling out? Why? Still no answer(asking myself) KCB,NMG,PAFR
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Rank: Elder Joined: 2/26/2012 Posts: 15,979
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Mainat wrote:@pirate, thanks. what about safaricom @Mainat, I know you follow the money religiously so am abit shocked you aint in these buses.  Anyway, what's you quick money penny stock this 1/4? 2016 has not been very kind. "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: 11/21/2006 Posts: 1,590
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Time is a precious commodity these days. Haven't been able to follow penny stocks for a while. Moved to fx after successfully playing the GBP down. It's actually fun because you don't have to rely on a broker. Would advise you try especially now that Drump's presidency will almost increase currency vol for the foreseeable future. murchr wrote:Mainat wrote:@pirate, thanks. what about safaricom @Mainat, I know you follow the money religiously so am abit shocked you aint in these buses. Anyway, what's you quick money penny stock this 1/4? 2016 has not been very kind. Sehemu ndio nyumba
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