Rank: Member Joined: 5/8/2008 Posts: 20
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enyands wrote: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 Hi Enyands et al. "The dividends will be deposited in members account and will be available (for munching) next week". Next week to me means Tuesday to Saturday  Enjoy
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Rank: Elder Joined: 12/25/2014 Posts: 2,301 Location: kenya
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Ngundi wrote:enyands wrote: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 Hi Enyands et al. "The dividends will be deposited in members account and will be available (for munching) next week". Next week to me means Tuesday to Saturday Enjoy @Ngundi hope I'm not too much asking if you have a hint what was discussed at ADM especially with the closure of share sales
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Rank: Elder Joined: 9/29/2006 Posts: 2,570
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We need to have a true delegate from Wazua who can inform us adequately. Otherwise, if the ADM was really done, getting info seems like squeezing water out of stone! The opposite of courage is not cowardice, it's conformity.
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Rank: Elder Joined: 12/25/2014 Posts: 2,301 Location: kenya
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jerry wrote:We need to have a true delegate from Wazua who can inform us adequately. Otherwise, if the ADM was really done, getting info seems like squeezing water out of stone! Jerry how different is ADM from AGM,and who qualifies for ADM in this case UNAITAS.
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Rank: Member Joined: 1/1/2010 Posts: 518 Location: kandara, Murang'a
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jerry wrote:We need to have a true delegate from Wazua who can inform us adequately. Otherwise, if the ADM was really done, getting info seems like squeezing water out of stone! 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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Rank: Member Joined: 1/1/2010 Posts: 518 Location: kandara, Murang'a
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jerry wrote:We need to have a true delegate from Wazua who can inform us adequately. Otherwise, if the ADM was really done, getting info seems like squeezing water out of stone! Key really is how do you become a delegate. Last year had a tiff with them on Agm, was told had to be a delegate to attend. So basically the Agm is attended by delegates, but to become one? Does one qualify , get chosen or what? Foresight..
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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gatoho wrote:jerry wrote:We need to have a true delegate from Wazua who can inform us adequately. Otherwise, if the ADM was really done, getting info seems like squeezing water out of stone! 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. So it was held and they resolved not to have the register 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: 2,301 Location: kenya
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murchr wrote:gatoho wrote:jerry wrote:We need to have a true delegate from Wazua who can inform us adequately. Otherwise, if the ADM was really done, getting info seems like squeezing water out of stone! 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. So it was held and they resolved not to have the register closed? Looks like it. This feels like a sink hole.wish we can understand the reason behind it.dilution kabisa
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Rank: Elder Joined: 9/29/2006 Posts: 2,570
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enyands wrote:jerry wrote:We need to have a true delegate from Wazua who can inform us adequately. Otherwise, if the ADM was really done, getting info seems like squeezing water out of stone! Jerry how different is ADM from AGM,and who qualifies for ADM in this case UNAITAS. AGM is open to all members and there is normally no much incentive given by SACCOs to attend. This normally applies to SACCOs whose membership is drawn from a small geographical area meaning it's possible for all the members to attend. In contrast, ADM applies to SACCOs that cover a wide geographical area and it's normally difficult for most members to attend without an "inducement". Since it's not practical to pay everyone, sections/(constituencies) of the members come up with representatives/delegates who represent them in an ADM. In some instances the ADM is mis-used by the Directors to pass unpopular resolutions with the payments they (delegates) receive serving as "chicken". The opposite of courage is not cowardice, it's conformity.
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Rank: Veteran Joined: 6/23/2011 Posts: 1,740 Location: Nairobi
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Keeping the registar open is fine as this is the cheapest way to raise capital. To gurd agaist dilution one needs to keep on buying .. at the rnd it will pay off handsomely
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Rank: Elder Joined: 12/25/2014 Posts: 2,301 Location: kenya
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jerry wrote:enyands wrote:jerry wrote:We need to have a true delegate from Wazua who can inform us adequately. Otherwise, if the ADM was really done, getting info seems like squeezing water out of stone! Jerry how different is ADM from AGM,and who qualifies for ADM in this case UNAITAS. AGM is open to all members and there is normally no much incentive given by SACCOs to attend. This normally applies to SACCOs whose membership is drawn from a small geographical area meaning it's possible for all the members to attend. In contrast, ADM applies to SACCOs that cover a wide geographical area and it's normally difficult for most members to attend without an "inducement". Since it's not practical to pay everyone, sections/(constituencies) of the members come up with representatives/delegates who represent them in an ADM. In some instances the ADM is mis-used by the Directors to pass unpopular resolutions with the payments they (delegates) receive serving as "chicken". Well explained thank you
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Rank: Elder Joined: 12/25/2014 Posts: 2,301 Location: kenya
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streetwise wrote:Keeping the registar open is fine as this is the cheapest way to raise capital. To gurd agaist dilution one needs to keep on buying .. at the rnd it will pay off handsomely What if you took loan and can't top up before repayment is over just sit and get dissolved
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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enyands wrote:streetwise wrote:Keeping the registar open is fine as this is the cheapest way to raise capital. To gurd agaist dilution one needs to keep on buying .. at the rnd it will pay off handsomely What if you took loan and can't top up before repayment is over just sit and get dissolved We also need to know the progress / plan to becoming a bank. And when the register will be closed. The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Elder Joined: 12/25/2014 Posts: 2,301 Location: kenya
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Aguytrying wrote:enyands wrote:streetwise wrote:Keeping the registar open is fine as this is the cheapest way to raise capital. To gurd agaist dilution one needs to keep on buying .. at the rnd it will pay off handsomely What if you took loan and can't top up before repayment is over just sit and get dissolved We also need to know the progress / plan to becoming a bank. And when the register will be closed. Aguytrying I didn't know you are in this boat.i thought you are on premier league for Akina vvs,hisah,mnadii ,Cde and the rest.  sio sisi watu wa sofapaka league Besides I wish we can know what the ADM meeting was all about especially the closure
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Rank: Elder Joined: 9/29/2006 Posts: 2,570
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Anybody who can confirm receipt/crediting of dividends? The opposite of courage is not cowardice, it's conformity.
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Rank: New-farer Joined: 12/1/2010 Posts: 37 Location: Nairobi
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jerry wrote:Anybody who can confirm receipt/crediting of dividends? I called today, was told to check tomorrow, but I was promised it will certainly be there by Friday if not updated by tomorrow.
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Rank: Elder Joined: 9/29/2006 Posts: 2,570
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Sakangu wrote:jerry wrote:Anybody who can confirm receipt/crediting of dividends? I called today, was told to check tomorrow, but I was promised it will certainly be there by Friday if not updated by tomorrow. Thanks @Sakangu. Let's wait for tomorrow. The opposite of courage is not cowardice, it's conformity.
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Rank: Elder Joined: 12/25/2014 Posts: 2,301 Location: kenya
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Sakangu wrote:jerry wrote:Anybody who can confirm receipt/crediting of dividends? I called today, was told to check tomorrow, but I was promised it will certainly be there by Friday if not updated by tomorrow. 6 Sakangu are they going to credit your unaitas bank account ama the bank you instructed them to creditlike kcb or still are they going to send you a cheque?
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Rank: Member Joined: 5/4/2015 Posts: 241 Location: Kahno
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enyands wrote:Sakangu wrote:jerry wrote:Anybody who can confirm receipt/crediting of dividends? I called today, was told to check tomorrow, but I was promised it will certainly be there by Friday if not updated by tomorrow. 6 Sakangu are they going to credit your unaitas bank account ama the bank you instructed them to creditlike kcb or still are they going to send you a cheque? Normally goes to the UNAITAS account.
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Rank: Member Joined: 9/14/2011 Posts: 864 Location: nairobi
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kimanimsc wrote:enyands wrote:Sakangu wrote:jerry wrote:Anybody who can confirm receipt/crediting of dividends? I called today, was told to check tomorrow, but I was promised it will certainly be there by Friday if not updated by tomorrow. 6 Sakangu are they going to credit your unaitas bank account ama the bank you instructed them to creditlike kcb or still are they going to send you a cheque? Normally goes to the UNAITAS account. Yes, i have asked for a statement of my account and they have credited it already
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