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stima investment cooperative
ngapat
#41 Posted : Tuesday, January 05, 2016 7:45:10 PM
Rank: Member


Joined: 12/11/2006
Posts: 837
murchr wrote:
gatoho wrote:
Speculz wrote:
BGL wrote:
Speculz wrote:
BGL wrote:
Impunity wrote:
gatoho wrote:
BGL wrote:
I need to board this bus.


Belatedly aboard


Minimum shares ni ngapi na ni pesa ngapi?


Minimum shares = 300 @ 200bob per share
Membership fee = 5,000
Total = 65,000.00


@BGL, out of the minimum shares , any further breakdown on the 60k? or does the whole 60k qualify for dividends?


The 60K qualify for dividends BUT the dividend is prorated.


Well, was informed that only half the amount qualifies ..

When I paid it was receipted differently and left me puzzled


Am also at loggerheads with them about receipting and bookkeeping

The par value of each share is ksh 100. However the first 300 shares are sold at a premium of kshs 100 which means you pay kshs 60000 for them but will be considered as kshs 30000 which is what will be considered for dividends if fully paid for.The other 30000 kshs will go to the balance sheet as share premium. Any extra share you buy above 300 shares from the sacco will be sold to you at 100 kshs.

So dont buy more than 300 shares from someone as you can get them at kshs 100 from the sacco once you buy the minimum 300 shares.
“Invest in yourself. Your career is the engine of your wealth.”
murchr
#42 Posted : Tuesday, January 26, 2016 9:23:52 PM
Rank: Elder


Joined: 2/26/2012
Posts: 14,613
ngapat wrote:
Rumours has it that they will be paying 21% this year. They are also planning to raise Shs.240 million from members to buy a 40% stake at locally-owned 30MW Oldonyat Wind Power Project and hope to connect the first 10 MW of power to the national grid in February 2016
Later they will be doing geothermal.

I own this unquoted stock



Any progress on this?
"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
.
enyands
#43 Posted : Tuesday, January 26, 2016 9:30:28 PM
Rank: Elder


Joined: 12/25/2014
Posts: 2,294
Location: kenya
murchr wrote:
ngapat wrote:
Rumours has it that they will be paying 21% this year. They are also planning to raise Shs.240 million from members to buy a 40% stake at locally-owned 30MW Oldonyat Wind Power Project and hope to connect the first 10 MW of power to the national grid in February 2016
Later they will be doing geothermal.

I own this unquoted stock



Any progress on this?


talked to a front desk lady sometime and didn't want to quote a figure but said definitely will be higher than 21%. she said the return this year will be much higher
murchr
#44 Posted : Tuesday, January 26, 2016 9:37:24 PM
Rank: Elder


Joined: 2/26/2012
Posts: 14,613
enyands wrote:
murchr wrote:
ngapat wrote:
Rumours has it that they will be paying 21% this year. They are also planning to raise Shs.240 million from members to buy a 40% stake at locally-owned 30MW Oldonyat Wind Power Project and hope to connect the first 10 MW of power to the national grid in February 2016
Later they will be doing geothermal.

I own this unquoted stock



Any progress on this?


talked to a front desk lady sometime and didn't want to quote a figure but said definitely will be higher than 21%. she said the return this year will be much higher


That should be interesting
"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
.
Pesa Nane
#45 Posted : Tuesday, January 26, 2016 10:06:01 PM
Rank: Elder


Joined: 5/25/2012
Posts: 4,105
Location: 08c
ngapat wrote:
murchr wrote:
gatoho wrote:
Speculz wrote:
BGL wrote:
Speculz wrote:
BGL wrote:
Impunity wrote:
gatoho wrote:
BGL wrote:
I need to board this bus.


Belatedly aboard


Minimum shares ni ngapi na ni pesa ngapi?


Minimum shares = 300 @ 200bob per share
Membership fee = 5,000
Total = 65,000.00


@BGL, out of the minimum shares , any further breakdown on the 60k? or does the whole 60k qualify for dividends?


The 60K qualify for dividends BUT the dividend is prorated.


Well, was informed that only half the amount qualifies ..

When I paid it was receipted differently and left me puzzled


Am also at loggerheads with them about receipting and bookkeeping

The par value of each share is ksh 100. However the first 300 shares are sold at a premium of kshs 100 which means you pay kshs 60000 for them but will be considered as kshs 30000 which is what will be considered for dividends if fully paid for.The other 30000 kshs will go to the balance sheet as share premium. Any extra share you buy above 300 shares from the sacco will be sold to you at 100 kshs.

So dont buy more than 300 shares from someone as you can get them at kshs 100 from the sacco once you buy the minimum 300 shares.

Sounds sooo untrue! Someone corroborate this I start flipping the share! (SIC not the SACCO!)
Pesa Nane plans to be shilingi when he grows up.
jerry
#46 Posted : Wednesday, January 27, 2016 12:20:34 AM
Rank: Elder


Joined: 9/29/2006
Posts: 2,570
We need to talk about "membership fees", "shares", "deposits", "interest" and "dividends". We also have a common terminology used in SACCOs viz "rebates". Therefore 65,000/= could be apportioned to shares, deposits and membership registration/entry fees.
At the end of the year, the shares earn dividends while deposits earn interest.

Disclaimer: Not sure whether above applies to Stima Investment Cooperative.
The opposite of courage is not cowardice, it's conformity.
murchr
#47 Posted : Tuesday, February 23, 2016 7:10:57 PM
Rank: Elder


Joined: 2/26/2012
Posts: 14,613
When is the AGM?
"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
.
enyands
#48 Posted : Wednesday, February 24, 2016 5:19:47 PM
Rank: Elder


Joined: 12/25/2014
Posts: 2,294
Location: kenya
murchr wrote:
When is the AGM?


March 4th
eco
#49 Posted : Monday, February 29, 2016 9:52:23 AM
Rank: Member


Joined: 6/17/2011
Posts: 229
23% rebates great news!
Speculz
#50 Posted : Monday, February 29, 2016 11:09:19 AM
Rank: Member


Joined: 5/6/2011
Posts: 383
Location: Nairobi
eco wrote:
23% rebates great news!


23? wah I can only see 12% reflected.
"You can't have everything. Where would you put it?" - Stephen Wright
murchr
#51 Posted : Monday, February 29, 2016 5:47:04 PM
Rank: Elder


Joined: 2/26/2012
Posts: 14,613
Speculz wrote:
eco wrote:
23% rebates great news!


23? wah I can only see 12% reflected.


Reflected where?
"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
.
BGL
#52 Posted : Tuesday, March 01, 2016 11:24:58 AM
Rank: Veteran


Joined: 10/11/2009
Posts: 1,207
Speculz wrote:
eco wrote:
23% rebates great news!


23? wah I can only see 12% reflected.


I am also seeing 12%
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
ngapat
#53 Posted : Tuesday, March 01, 2016 11:50:53 AM
Rank: Member


Joined: 12/11/2006
Posts: 837
BGL wrote:
Speculz wrote:
eco wrote:
23% rebates great news!


23? wah I can only see 12% reflected.


I am also seeing 12%

They have been capitalising 50% of declared dividends which goes to increase member shares. So you get 11.5% cash dividends and your shares Increases by a similar amount
“Invest in yourself. Your career is the engine of your wealth.”
Pirate
#54 Posted : Tuesday, March 01, 2016 12:13:40 PM
Rank: Member


Joined: 4/4/2007
Posts: 88
ngapat wrote:
BGL wrote:
Speculz wrote:
eco wrote:
23% rebates great news!


23? wah I can only see 12% reflected.


I am also seeing 12%

They have been capitalising 50% of declared dividends which goes to increase member shares. So you get 11.5% cash dividends and your shares Increases by a similar amount

Impressive returns . Do they revise the share price ?
Knowledge is power , but action gets things done ...
murchr
#55 Posted : Friday, March 04, 2016 5:30:34 AM
Rank: Elder


Joined: 2/26/2012
Posts: 14,613


Who is planning to attend?
"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
.
ngapat
#56 Posted : Friday, March 04, 2016 7:51:00 PM
Rank: Member


Joined: 12/11/2006
Posts: 837
“Invest in yourself. Your career is the engine of your wealth.”
ngapat
#57 Posted : Saturday, April 16, 2016 12:48:42 PM
Rank: Member


Joined: 12/11/2006
Posts: 837
Annual accounts 2015
“Invest in yourself. Your career is the engine of your wealth.”
murchr
#58 Posted : Saturday, April 16, 2016 6:29:20 PM
Rank: Elder


Joined: 2/26/2012
Posts: 14,613


I see they had some money with Rafiki Micro finance
"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
.
enyands
#59 Posted : Saturday, April 16, 2016 9:17:11 PM
Rank: Elder


Joined: 12/25/2014
Posts: 2,294
Location: kenya
murchr wrote:


I see they had some money with Rafiki Micro finance


This Chase bank thing is affecting all of us
gatoho
#60 Posted : Saturday, April 16, 2016 10:23:41 PM
Rank: Member


Joined: 1/1/2010
Posts: 504
Location: kandara, Murang'a
They are so ridiculous in customer care. Do they have actual staff or they still have jobs with Kenya power?
Been begging for my dividend to be capitalized for ages to no avail.
That's because they don't have my bank details that I clearly gave 9n joining
Foresight..
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