Thanks @BGL for the report. I notice Unaitas is a Tier 1 SACCO. The following is notable as at December 2011 *Had 86,301 members *share capital KES 236,376,000 *Deposits KES 2,317,496,000 *Turnover KES 410,198,000 *Loans and Advances KES 1,509,606,000 *Total Assets KES 3,170,683,000 *Position in industry in terms of total assets: Ranks 13th out of a total 215 SACCOS in the country

@BGL why dont you guys fix the link we look at their financials?

Thanks BGL, Hunderwear na mwekez@ji. Now the numbers are there and one can gauge if it is or isn't a wise investment for them. Thanks again.

A snapshot of the IM and 2011 Annual Report No of shares 2006 9,668,421 2007 9,934,679 2008 10,203,815 2009 10,722,308 2010 17,647,543 2011 23,308,059 Net Assets 2006 145,201,448 2007 185,263,872 2008 216,866,760 2009 226,857,261 2010 336,090,699 2011 430,621,703 NBV 2006 15 2007 19 2008 21 2009 21 2010 19 2011 18 EPS 2006 1.12 2007 6.40 2008 3.18 2009 0.59 2010 0.93 2011 3.43 DPS 2006 0.90 2007 1.00 2008 0.90 2009 0.80 2010 0.80 2011 0.90 Observations NBV stands at an average of KES 19, Earnings are quite volatile, Dividends stand between KES 0.80 – 1.00 (Dividend Yield of 8%-10%). (Shares are selling at KES 10 and have the same par value) Loan book and deposit book is notably growing. Same thing with share capital. The greatest downside is that Unaitas is a sacco and will keep selling the KES 10 shares day in day out. People have bought this share in the past at KES 10, @BGL and others bought it at KES 10 in year 2010, today if I walk to any Unaitas branch they will sell me the share at KES 10 and if I do it again sometime down the line they will still sell it to me at KES 10. That mean shareholders should expect zero capital gain and dilution of earnings & book value from the shares issued daily. However, the share is a dividend stock. Expect a stable dividend yield of 8-10% p.a. By The Way Statement; getting information on Unaitas does not come easily and they tend to limit the information they give. An evidence to this is that its time shareholders are getting 2011 annual reports yet shareholders in other companies are talking of H1 2012 results. Also, I fail to understand why they dint give the income statement in the 2011 annual report but opted to only state the top line and bottom line.

Also, thanks all. Ditto, gauge the numbers and make informed investment. Happy hunting