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UNAITAS
streetwise
#721 Posted : Wednesday, June 10, 2015 9:37:51 AM
Rank: Veteran

Joined: 6/23/2011
Posts: 1,740
Location: Nairobi
Ngoja bwana tushibe..
jerry
#722 Posted : Wednesday, June 10, 2015 10:19:16 AM
Rank: Elder

Joined: 9/29/2006
Posts: 2,570
heri wrote:
New branch coming up in Naivasha. Unaitas is on a roll

Last year I heard Embu branch was in the works.
The opposite of courage is not cowardice, it's conformity.
heri
#723 Posted : Thursday, June 11, 2015 10:46:23 AM
Rank: Member

Joined: 9/14/2011
Posts: 869
Location: nairobi
Lolest! wrote:
DUNGA wrote:
@ 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 .

valid points. There might not be another equity ever. the model worked because of favorable conditions then


Just checked the financials and note that while loans grew by 33% between 2013 and 2014, share capital grew by 107%
streetwise
#724 Posted : Thursday, June 11, 2015 11:31:02 AM
Rank: Veteran

Joined: 6/23/2011
Posts: 1,740
Location: Nairobi
Thanks. So the data analysis actaully support the strong emotions guys seem to have investing at Unaitas
jerry
#725 Posted : Thursday, June 11, 2015 1:25:57 PM
Rank: Elder

Joined: 9/29/2006
Posts: 2,570
streetwise wrote:
Thanks. So the data analysis actaully support the strong emotions guys seem to have investing at Unaitas

Where are the "lucrative" dvds coming from?
The opposite of courage is not cowardice, it's conformity.
heri
#726 Posted : Thursday, June 11, 2015 7:06:16 PM
Rank: Member

Joined: 9/14/2011
Posts: 869
Location: nairobi
Capitalisation of banks and mortgage institutions raised from ksh.1bn to 5bn by 2018.It will be implemented gradually

what does this mean for UNAITAS? They need to raise about Kshs 3B more
murchr
#727 Posted : Thursday, June 11, 2015 7:14:37 PM
Rank: Elder

Joined: 2/26/2012
Posts: 15,980
heri wrote:
Capitalisation of banks and mortgage institutions raised from ksh.1bn to 5bn by 2018.It will be implemented gradually

what does this mean for UNAITAS? They need to raise about Kshs 3B more


Cash call. Existing owners are not poor
"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
.
Boris Boyka
#728 Posted : Thursday, June 11, 2015 7:36:06 PM
Rank: Veteran

Joined: 11/15/2013
Posts: 1,977
Location: Here
Boris Boyka wrote:
MaichBlack wrote:
Boris Boyka wrote:

Given their confirmed banking intent and ambitions to fund major projects...
www.businessdailyafrica....4/-/a93m0sz/-/index.html and
www.allafrica.com/stories/201409100235.html
it would be prudent to get enough cash for strong muscles before closing window as opposed to closing window now then have a cash call in two years time...My take. That said...BUY.

Good observation @Boris. They should aim at a minimum of Kshs. 3 Billion! The countries mentioned by CBK have a capital requirement of between Kshs. 2.2 Billion and Kshs. 9 Billion. Assuming CBK raise the requirement for Kenya banks to say Kshs. 5 to 6 Billion, Unaitas had better have atleast half of that so that it would be easier to raise the difference.

Unaitas
@Unaitas
@Prital1 The Transformation Journey
culminates in July 2016, and thus the closure
is expected around the same time. Thank you.
12:56 AM - 21 May 2015. via @twirra

@Maichmweusi..it has come to pass! Will she(unaitas) push the dates forward or what shall she do?
Everybody STEALS, a THIEF is one who's CAUGHT stealing something of LITTLE VALUE. !!!
streetwise
#729 Posted : Thursday, June 11, 2015 8:49:26 PM
Rank: Veteran

Joined: 6/23/2011
Posts: 1,740
Location: Nairobi
Covert before due date and issue a rights
MaichBlack
#730 Posted : Thursday, June 11, 2015 9:00:36 PM
Rank: Elder

Joined: 7/22/2009
Posts: 7,836
Boris Boyka wrote:
Boris Boyka wrote:
MaichBlack wrote:
Boris Boyka wrote:

Given their confirmed banking intent and ambitions to fund major projects...
www.businessdailyafrica....4/-/a93m0sz/-/index.html and
www.allafrica.com/stories/201409100235.html
it would be prudent to get enough cash for strong muscles before closing window as opposed to closing window now then have a cash call in two years time...My take. That said...BUY.

Good observation @Boris. They should aim at a minimum of Kshs. 3 Billion! The countries mentioned by CBK have a capital requirement of between Kshs. 2.2 Billion and Kshs. 9 Billion. Assuming CBK raise the requirement for Kenya banks to say Kshs. 5 to 6 Billion, Unaitas had better have atleast half of that so that it would be easier to raise the difference.

Unaitas
@Unaitas
@Prital1 The Transformation Journey
culminates in July 2016, and thus the closure
is expected around the same time. Thank you.
12:56 AM - 21 May 2015. via @twirra

@Maichmweusi..it has come to pass! Will she(unaitas) push the dates forward or what shall she do?

@Boris, hapa hakuna ujanja. They MUST shift the goal post!!! They need to raise more! As per our earlier discussion, anything below 3 billion will be a joke! Depending on the implementation guidelines and time table, they might have to raise the whole 5 Billion now!!!

"We are closing the shares sale SOON" might not be applicable any time soon!

But let's see how things play out. Do they have other options? Are those options palatable. Board meetings pap! Decisions decisons.
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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