Home SK - Stocks, Property, Investment Chamas - Investment Groups BIZ - Small Business Soko - Market Wazua Life About Wazua
SIGN IN REGISTER
Tuesday, Aug 11, 2020
Groups
To contribute to these and use other features, please register.
LATEST DISCUSSIONS
Cytonn Investments [859]
UNAITAS [1228]
Banks Loans adjustments after rates drop [2]
Amana Capital [12]
Urithi Housing Sacco [188]
Safaricom Investment Cooperative [414]
Ekeza savings and credit Sacco [66]
Supermarket Supplies [10]
Safaricom investment - query [12]
Pacific Realty ----Daily Nation pages 2&,3 9th ... [5]
stima investment cooperative [140]
Quick credit [2]
Fountain Enterprises Programme - FEP [276]
Best Trees for a Tree Forest? [98]
Holidays in Mombasa [9]
 
Forum Jump








Welcome Guest Search | Active Topics | Log In | Register

62 Pages«<606162
UNAITAS
Nifiche
#1221 Posted : Monday, April 06, 2020 1:33:21 PM
Rank: New-farer


Joined: 4/8/2019
Posts: 14
I like that they try to be innovative, for example, their focus on chamas and SMEs (remember their TV show Unaitas Chamas?). They are trying to be a bank and the moratorium put by CBK slowed them down (not Unaitas' fault however). I also like that their dividends are 'low' therefore sustainable compared to other saccos which give 12%-15% but have rumors of mismanagement; the high dividends are meant to attract more to the slaughterhouse.

That being said, I feel they should really try to be a 'proper' bank and leave behind sacco tendencies. They are not Metropolitan sacco or other those funny saccos. For example, the new CEO is Martin Muhoho but Tony Mwangi has never updated his Linkedin profile that reads he is still CEO. If you google, for a minute you will be confused who really is the CEO. Small stuff but very annoying and tells you a lot about how they run their things. The financial reports are never availed on time and you almost have to beg to get them.

I still have my shares, most of which were from reinvesting the dividends but the last two years nimekula hizo dividends. All my money will go to NSE/other investments until post-2022 as I have more faith there than Unaitas.

--

@xtina: I'm missing FY2016 and FY2017 financial reports. Are you in a position to share?
If you think you can you're right; if you think you can't you're right.
target1360
#1222 Posted : Tuesday, April 07, 2020 12:41:39 PM
Rank: Member


Joined: 5/14/2014
Posts: 284
Location: nairobi
It is important for unaitas to offer more transparency.
How will we know whether the business is doing well or not.
They could easily pay dividends from sale of unlimited shares?
I find satisfaction in owning great business,not trading them
xtina
#1223 Posted : Thursday, April 09, 2020 8:44:54 AM
Rank: Member


Joined: 6/26/2008
Posts: 330
Nifiche wrote:
I like that they try to be innovative, for example, their focus on chamas and SMEs (remember their TV show Unaitas Chamas?). They are trying to be a bank and the moratorium put by CBK slowed them down (not Unaitas' fault however). I also like that their dividends are 'low' therefore sustainable compared to other saccos which give 12%-15% but have rumors of mismanagement; the high dividends are meant to attract more to the slaughterhouse.

That being said, I feel they should really try to be a 'proper' bank and leave behind sacco tendencies. They are not Metropolitan sacco or other those funny saccos. For example, the new CEO is Martin Muhoho but Tony Mwangi has never updated his Linkedin profile that reads he is still CEO. If you google, for a minute you will be confused who really is the CEO. Small stuff but very annoying and tells you a lot about how they run their things. The financial reports are never availed on time and you almost have to beg to get them.

I still have my shares, most of which were from reinvesting the dividends but the last two years nimekula hizo dividends. All my money will go to NSE/other investments until post-2022 as I have more faith there than Unaitas.

--

@xtina: I'm missing FY2016 and FY2017 financial reports. Are you in a position to share?


Unfortunately due to quarantine manenos I'm stuck somewhere without access to my personal laptop but I do have them, all the way from 2014. But you can try requesting from the physical branch's customer care or email them (which is a completely ridiculous way of getting financial statements).
kimanimsc
#1224 Posted : Tuesday, May 12, 2020 6:07:47 AM
Rank: Member


Joined: 5/4/2015
Posts: 241
Location: Kahno
Unaitas shares on offer at discounted price. Looking to offload 20k units (smaller lots acceptable to) and if in need of more I can supply.
email: kihumbuini(at)gmail(dot)com
winmak
#1225 Posted : Tuesday, May 12, 2020 7:26:54 AM
Rank: Member


Joined: 12/1/2007
Posts: 504
Location: Nakuru
kimanimsc wrote:
Unaitas shares on offer at discounted price. Looking to offload 20k units (smaller lots acceptable to) and if in need of more I can supply.
email: kihumbuini(at)gmail(dot)com


Why are you selling?
For investors as a whole, returns decrease as motion increases ~ WB
kimanimsc
#1226 Posted : Tuesday, May 12, 2020 9:22:17 AM
Rank: Member


Joined: 5/4/2015
Posts: 241
Location: Kahno
winmak wrote:
kimanimsc wrote:
Unaitas shares on offer at discounted price. Looking to offload 20k units (smaller lots acceptable to) and if in need of more I can supply.
email: kihumbuini(at)gmail(dot)com


Why are you selling?



I just need some cash to complete a project. This is basically offloading dividend that I have been reinvesting since 2014. I will still remain with quite a good amount of shares.
enyands
#1227 Posted : Friday, May 15, 2020 2:39:16 PM
Rank: Elder


Joined: 12/25/2014
Posts: 2,297
Location: kenya
xtina wrote:
Nifiche wrote:
I like that they try to be innovative, for example, their focus on chamas and SMEs (remember their TV show Unaitas Chamas?). They are trying to be a bank and the moratorium put by CBK slowed them down (not Unaitas' fault however). I also like that their dividends are 'low' therefore sustainable compared to other saccos which give 12%-15% but have rumors of mismanagement; the high dividends are meant to attract more to the slaughterhouse.

That being said, I feel they should really try to be a 'proper' bank and leave behind sacco tendencies. They are not Metropolitan sacco or other those funny saccos. For example, the new CEO is Martin Muhoho but Tony Mwangi has never updated his Linkedin profile that reads he is still CEO. If you google, for a minute you will be confused who really is the CEO. Small stuff but very annoying and tells you a lot about how they run their things. The financial reports are never availed on time and you almost have to beg to get them.

I still have my shares, most of which were from reinvesting the dividends but the last two years nimekula hizo dividends. All my money will go to NSE/other investments until post-2022 as I have more faith there than Unaitas.

--

@xtina: I'm missing FY2016 and FY2017 financial reports. Are you in a position to share?


Unfortunately due to quarantine manenos I'm stuck somewhere without access to my personal laptop but I do have them, all the way from 2014. But you can try requesting from the physical branch's customer care or email them (which is a completely ridiculous way of getting financial statements).


Kindly can you send it all to me at bmuks2001-at-yahoo-dot-com
Moorings
#1228 Posted : Wednesday, July 29, 2020 11:15:41 AM
Rank: New-farer


Joined: 1/3/2011
Posts: 67
Location: nairobi
Greetings! On another note, has anyone dealt with UNAITAS? How would you rate them as regarding taking a development/construction loan from them as compared to a bank?
Thanks!
Users browsing this topic
Guest (11)
62 Pages«<606162
Forum Jump  
You cannot post new topics in this forum.
You cannot reply to topics in this forum.
You cannot delete your posts in this forum.
You cannot edit your posts in this forum.
You cannot create polls in this forum.
You cannot vote in polls in this forum.

Home | . .. Investor | .. . Groups | .. . SME | . . . Market | .. . Club SK | . ..... About Wazua | . .. Search | . ..Sitemap | . ..Support | . ..Disclaimer | . ..Privacy Policy | . ..Terms of Use | . .. Contact Us
Copyright © 2020 Wazua.co.ke. All Rights Reserved.