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timuka
#441 Posted : Monday, March 23, 2015 8:12:16 AM
Rank: Member


Joined: 1/21/2013
Posts: 427
Pesa Nane wrote:
Unaitas boosts its share capital ahead of change to bank

Net profits FLAT at Sh258.56 million in 2014 Vs Sh246.66 million in 2013.

2014 Loans and advances 33% up to Sh4.85 billion Vs Sh3.64 billion in 2013.

Share capital Sh1.44 billion in 2014 Vs Sh693 million in 2013

Sacco membership increased 43 per cent to 200,000

Revenue reserves up 46% to Sh461.8 million from Sh316.9 million in 2013

"Unaitas chief executive Tony Mwangi said the lender has been increasing its reserves in preparation for the conversion [into a commercial bank] and listing on the NSE which is expected to happen in 2018"


Why the highlight? The article talks about mid next year...
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guru267
#442 Posted : Monday, March 23, 2015 8:36:38 AM
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Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
No dividends for 2014??? Sad
Mark 12:29
Deuteronomy 4:16
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streetwise
#443 Posted : Monday, March 23, 2015 8:49:04 AM
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Joined: 6/23/2011
Posts: 1,740
Location: Nairobi
No dividents, are there bonus shares then or what ? Or this is a tree which bears no fruits ?.
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MaichBlack
#444 Posted : Monday, March 23, 2015 8:59:13 AM
Rank: Elder


Joined: 7/22/2009
Posts: 7,563
guru267 wrote:
No dividends for 2014??? Sad

streetwise wrote:
No dividents, are there bonus shares then or what ? Or this is a tree which bears no fruits ?.


You guys tell us. You are the insiders!

Have they stated explicitly that there are no dividends or you guys have to wait till the AGM this Friday to find out.

I have a very good idea how Unaitas would have structured this share sale to the continued benefit of the current shareholders but I will not say it because I am still on the outside. I will state it here some day!
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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heri
#445 Posted : Monday, March 23, 2015 9:13:34 AM
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Joined: 9/14/2011
Posts: 857
Location: nairobi
how does the estimated market price look like using the EPS? is it like Kshs 18 using PE of 10?

i bought a few shares last year and planning to add this year but the flat growth in profits is a concern?
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murchr
#446 Posted : Monday, March 23, 2015 5:31:55 PM
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Joined: 2/26/2012
Posts: 15,980
heri wrote:
how does the estimated market price look like using the EPS? is it like Kshs 18 using PE of 10?

i bought a few shares last year and planning to add this year but the flat growth in profits is a concern?


Same here.
"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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streetwise
#447 Posted : Monday, March 23, 2015 5:56:45 PM
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Location: Nairobi
I figure as has been the custom when they list they will split the shares and sell each shares at the traditional 10 shillings. Depending on the value of the company at that time they may split by 100 to make the affordable i.e. 10 bob.

If this happens the long-time investor ( those who waited including not being paid dividends) will be very happy indeed..

And figure this, the share goes to the market and when trading opens the market offers the speculative price of 25 .

Let talk then and see if my vision comes true
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heri
#448 Posted : Monday, March 23, 2015 6:01:46 PM
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Anyone, please, what is the estimated fair value using the information available? Thanks
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Euge
#449 Posted : Tuesday, March 24, 2015 10:59:14 AM
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Joined: 8/4/2008
Posts: 2,849
Location: Rupi
streetwise wrote:
I figure as has been the custom when they list they will split the shares and sell each shares at the traditional 10 shillings. Depending on the value of the company at that time they may split by 100 to make the affordable i.e. 10 bob.

If this happens the long-time investor ( those who waited including not being paid dividends) will be very happy indeed..

And figure this, the share goes to the market and when trading opens the market offers the speculative price of 25 .

Let talk then and see if my vision comes true


Isn't the current value 10 shillings?
Lord, thank you!
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streetwise
#450 Posted : Tuesday, March 24, 2015 11:16:02 AM
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The current value is not 10 shillings, the current selling price is 10 shillings
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Euge
#451 Posted : Tuesday, March 24, 2015 2:37:19 PM
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Joined: 8/4/2008
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streetwise wrote:
The current value is not 10 shillings, the current selling price is 10 shillings


I get you. Shukran!
Lord, thank you!
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heri
#452 Posted : Tuesday, March 24, 2015 3:04:52 PM
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Streetwise what is the estimated value per share
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streetwise
#453 Posted : Tuesday, March 24, 2015 3:26:46 PM
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Not sure about that, we can have an estimate when we see the 2014 financial statements
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heri
#454 Posted : Tuesday, March 24, 2015 4:57:03 PM
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but they gave the total share capital and PBT if the business daily is to be believed
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guru267
#455 Posted : Tuesday, March 24, 2015 8:11:50 PM
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Joined: 1/21/2010
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heri wrote:
Streetwise what is the estimated value per share


@heri if one uses a P/E of 12 and a P/B of 1.6 with 2014 results fair value should be around 21.5 depending on the dividend payout...
Mark 12:29
Deuteronomy 4:16
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BGL
#456 Posted : Friday, March 27, 2015 11:47:14 AM
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Joined: 10/11/2009
Posts: 1,223
Unaitas announces the payment of first and final dividend of 8% per share at KSh.114m up from KSh. 61m in 2014.
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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Mucene
#457 Posted : Friday, March 27, 2015 11:49:53 AM
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Joined: 8/4/2012
Posts: 155
Location: Kenya
guru267 wrote:
No dividends for 2014??? Sad


Unaitas decalre a first and final dividend of 8% totaling to 114 m up from 61 m the previous year.

Delegates also authorize the conversion into a bank.

smile smile
If you don't want to go to plan B have a good plan A.
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streetwise
#458 Posted : Friday, March 27, 2015 11:52:53 AM
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Joined: 6/23/2011
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If the house owner knew...how does it go.

Please advise closure date is when I need to put in some money
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speculator
#459 Posted : Friday, March 27, 2015 11:59:52 AM
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Joined: 12/1/2009
Posts: 75
Location: nairobi
streetwise wrote:
If the house owner knew...how does it go.

Please advise closure date is when I need to put in some money

Drool umechelewa books closed december 31 for dividends but for share issuance we dont know. we will buy tii we drop.
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BGL
#460 Posted : Friday, March 27, 2015 12:00:08 PM
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Joined: 10/11/2009
Posts: 1,223
guru267 wrote:
No dividends for 2014??? Sad


Learn to differentiate between background noise and a signal.@G267 is the former.
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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