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enyands
#681 Posted : Tuesday, May 26, 2015 9:48:10 PM
Rank: Elder


Joined: 12/25/2014
Posts: 2,301
Location: kenya
BGL wrote:
They have annual delegates meetings not annual general meetings. Guess who the delegates are?



Tell us please
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MaichBlack
#682 Posted : Tuesday, May 26, 2015 10:03:57 PM
Rank: Elder


Joined: 7/22/2009
Posts: 7,567
BGL wrote:
They have annual delegates meetings not annual general meetings. Guess who the delegates are?

"Founder Members".

Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly

Okay. Not a laughing matter!!!
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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enyands
#683 Posted : Tuesday, May 26, 2015 10:20:30 PM
Rank: Elder


Joined: 12/25/2014
Posts: 2,301
Location: kenya
MaichBlack wrote:
BGL wrote:
They have annual delegates meetings not annual general meetings. Guess who the delegates are?

"Founder Members".

Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly

Okay. Not a laughing matter!!!
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Dahatre
#684 Posted : Tuesday, May 26, 2015 10:43:20 PM
Rank: Member


Joined: 12/21/2009
Posts: 602
Good to see a healthy dose of skepticism here..

Its sobering to remember that once you buy in you cannot get out..literally. Shares are not redeemable, you cannot borrow against them or sell them to someone else officially.
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MaichBlack
#685 Posted : Tuesday, May 26, 2015 10:50:37 PM
Rank: Elder


Joined: 7/22/2009
Posts: 7,567
Dahatre wrote:
Good to see a healthy dose of skepticism here..

Its sobering to remember that once you buy in you cannot get out..literally. Shares are not redeemable, you cannot borrow against them or sell them to someone else officially.

Was actually wondering (maybe overthinking) why will they not allow you to borrow against your shares if they are worth something. They could do the normal haircut. If you have shares worth one million you can borrow 700k for example. Kwanini wanaogopa shares zao kama collateral??

#JustAsking.
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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BGL
#686 Posted : Tuesday, May 26, 2015 11:18:46 PM
Rank: Veteran


Joined: 10/11/2009
Posts: 1,223
If anyone wants to join UNAITAS join like yesterday. Do not get caught up with Paralysis of Analysis 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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Boris Boyka
#687 Posted : Tuesday, May 26, 2015 11:45:01 PM
Rank: Veteran


Joined: 11/15/2013
Posts: 1,977
Location: Here
Unaitas will have to ensure the legal part is done or else they forget the cash they target. Good to note Management is around. Socio media will kill you @unaitas...take care!!!
Everybody STEALS, a THIEF is one who's CAUGHT stealing something of LITTLE VALUE. !!!
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streetwise
#688 Posted : Wednesday, May 27, 2015 7:39:39 AM
Rank: Veteran


Joined: 6/23/2011
Posts: 1,740
Location: Nairobi
That is true forget delegates, socio media is the king nowadays...watch out.

Pay a penny and the story will be out within the hour if not less.

And that is good we are helping you to shape up
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Mukiri
#689 Posted : Wednesday, May 27, 2015 8:26:03 PM
Rank: Elder


Joined: 7/11/2012
Posts: 5,222
Dahatre wrote:
Good to see a healthy dose of skepticism here..

Its sobering to remember that once you buy in you cannot get out..literally. Shares are not redeemable, you cannot borrow against them or sell them to someone else officially.

That, and we are in a bear market. If targets are realized, and it gets into the market, prices might fall. Realizing profits, may take a while.. let alone the capital.

Proverbs 19:21
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gatoho
#690 Posted : Thursday, May 28, 2015 8:41:01 PM
Rank: Member


Joined: 1/1/2010
Posts: 518
Location: kandara, Murang'a
enyands wrote:
MaichBlack wrote:
BGL wrote:
They have annual delegates meetings not annual general meetings. Guess who the delegates are?

"Founder Members".

Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly

Okay. Not a laughing matter!!!




I asked them how I become a delegate and got no answer
Foresight..
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young farmer
#691 Posted : Thursday, May 28, 2015 10:44:00 PM
Rank: New-farer


Joined: 9/25/2012
Posts: 58
Location: kenia
This UNAITAS trails now left me damaged and confused. The question is can you sink your 1M in and you can't pull out?
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murchr
#692 Posted : Friday, May 29, 2015 12:24:06 AM
Rank: Elder


Joined: 2/26/2012
Posts: 15,980
young farmer wrote:
This UNAITAS trails now left me damaged and confused. The question is can you sink your 1M in and you pull out?


Never buy anything you are not comfortable with.
"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
#693 Posted : Friday, May 29, 2015 7:09:30 AM
Rank: Veteran


Joined: 6/23/2011
Posts: 1,740
Location: Nairobi
It depends, in every invrstiment you have a plan. If you are building a long term fund yes !
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Aguytrying
#694 Posted : Sunday, May 31, 2015 8:10:17 AM
Rank: Elder


Joined: 7/11/2010
Posts: 5,040
The concerns raised about the bonus are valid and it shouldn't recur. But I think we are now losing focus on the investment. eg. not being able to sell is a rule that was there before we joined and is rule In other saccos as well. keep the eye on the prize, nothing here should prevent a serious investor from holding on and investing more
The investor's chief problem - and even his worst enemy - is likely to be himself
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enyands
#695 Posted : Sunday, May 31, 2015 9:07:22 AM
Rank: Elder


Joined: 12/25/2014
Posts: 2,301
Location: kenya
Aguytrying wrote:
The concerns raised about the bonus are valid and it shouldn't recur. But I think we are now losing focus on the investment. eg. not being able to sell is a rule that was there before we joined and is rule In other saccos as well. keep the eye on the prize, nothing here should prevent a serious investor from holding on and investing more



Well said agutrying
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xtina
#696 Posted : Thursday, June 04, 2015 11:56:13 AM
Rank: Member


Joined: 6/26/2008
Posts: 384
Aguytrying wrote:
The concerns raised about the bonus are valid and it shouldn't recur. But I think we are now losing focus on the investment. eg. not being able to sell is a rule that was there before we joined and is rule In other saccos as well. keep the eye on the prize, nothing here should prevent a serious investor from holding on and investing more


I agree with what you are saying but this founder bonus maneno (and the fact it MAY happen again as this is Kenya) needs to be done with. I can tell most of us are not founder members Laughing out loudly Laughing out loudly Laughing out loudly so what can/should we do apart from just investing?
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streetwise
#697 Posted : Thursday, June 04, 2015 5:22:43 PM
Rank: Veteran


Joined: 6/23/2011
Posts: 1,740
Location: Nairobi
When you are busy talking about founder member visit one of thier branches and see the line of people opening accounts, buying shares and asking about taking a loan.

My only concern when the beocme a bank they will move their interest rates from 11.9% to 24% like Equity. Or will there be a deal for founder members ???
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heri
#698 Posted : Thursday, June 04, 2015 6:20:58 PM
Rank: Member


Joined: 9/14/2011
Posts: 857
Location: nairobi
streetwise wrote:
When you are busy talking about founder member visit one of thier branches and see the line of people opening accounts, buying shares and asking about taking a loan.

My only concern when the beocme a bank they will move their interest rates from 11.9% to 24% like Equity. Or will there be a deal for founder members ???


i like that observation about many clients/customers. But is that true of the branch at Cardinal Otunga plaza? i have been there several times and find it empty
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MaichBlack
#699 Posted : Thursday, June 04, 2015 9:24:07 PM
Rank: Elder


Joined: 7/22/2009
Posts: 7,567
streetwise wrote:
When you are busy talking about founder member visit one of thier branches and see the line of people opening accounts, buying shares and asking about taking a loan.

My only concern when the beocme a bank they will move their interest rates from 11.9% to 24% like Equity. Or will there be a deal for founder members ???

Question is, will the anticipated benefits accrue to all members proportionally or will they benefit founder members more??

In any deal, I would rather we make 10 million and you give my 5 million as opposed to "us" making 100 million and you give me 1 million! Get my point??

The total doesn't benefit me if I am up for the mother of all shafting!!!

Let them clear this "founder members" cloud in a binding manner. How hard can that be?
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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DUNGA
#700 Posted : Thursday, June 04, 2015 10:39:33 PM
Rank: Hello


Joined: 5/31/2015
Posts: 3
@ MaichBlack

My view is that the Unitas matter is just hot air, other than good marketing, branding and a colorful website, there is nothing so outstanding to warrant the "next big thing tag". Visit a branch and you realize that they are just a traditional cooperative.

A few years back,Family Bank was cheered as the next Equity and the people who bought are still waiting.

Note that the share capital of Unitas has been increasing faster than the loan book, i.e people buying shares faster than the underlying business of loans ( Review the financials for 3 yrs and make your conclusion). My experience is that when you are so many you rarely make money.

Finally the capital is locked until they transform and do an IPO ( If it will ever happen), my view is that there are better opportunities e.g Safaricom investments sacco where you make a decent return now and not hope for transformation and listing .
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