Investors Kujeni kidogo

Aviator

Aviator

Elder Lister
My Sacco, Tower Sacco is floating shares to raise 500m for expansion as they aim to become a full-fledged bank in the near future. Having been with the Sacco for over 10 years, and enjoying a personal relationship with the chairman, I know the Sacco is headed the Equity Bank route.

They have consistently paid dividend since I joined, but they have a policy that part of the dividend is ploughed back to member non-withdrawable deposits. So they will declare a dividend of 20% but members can only enjoy 10% and the balance is credited to their account.

Now they are selling shares at 100bob and if the trend continues (with some variation coz of corona), one can expect a 20% return which makes me see this as a Worth investment.

Would you go for it? Is the policy of ploughing back dividends a scam seeing that it was passed at an AGM and is to be in effect for the next 5yrs? That's the only concern I have. Otherwise I know the management team comprises of a highly competent team and integrity is at 💯.

I have attached the brochure.
 

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1. Dig more about unaitas banking license dream
2. Then teremuka kwa mwalimu sacco bank acquisition
3. Then maliza na FEP dream of owning banks till they had to partner with credit bank.. which makes losses after losses.

My thoughts: the money will be diverted into doing something else because banking industry in Kenya is cartel owned.

Unaitas has been chasing banking license ever since it was called muramati sacco till today. Mwalimu sacco was able to acquire one of local banks but losses after losses.

Credit bank partnership with FEP is disaster. Never broke even.
Trend careful with these sacco to be banks dreams.
 
Masgwembe said:
  • Enda ukuje na the last 3 certified returns to SASRA.
  • Is there no cultural diversity in your leadership?
  • Weka constitution na resolutions of the last 3 AGMs
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1. Those are available, always published online and in the media.
2. Seeing that it's founded by teachers from nyandarua, and fluency in Kikuyu is a requirement for efficient conduct of biz with customers, then that explains the shiny eye dominance.
3. They are on the site. Nitarusha nikifika kwa WiFi.
 
Pamba 1 said:
Aviator =obadia
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Not really. Was a victim, not the victor.
Tommy Kwesule said:
A sly Advertisement.
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Your opinion is your right.
Abba said:
1. Dig more about unaitas banking license dream
2. Then teremuka kwa mwalimu sacco bank acquisition
3. Then maliza na FEP dream of owning banks till they had to partner with credit bank.. which makes losses after losses.

My thoughts: the money will be diverted into doing something else because banking industry in Kenya is cartel owned.

Unaitas has been chasing banking license ever since it was called muramati sacco till today. Mwalimu sacco was able to acquire one of local banks but losses after losses.

Credit bank partnership with FEP is disaster. Never broke even.
Trend careful with these sacco to be banks dreams.
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What about the long-term? Like the equity way?
 
Aviator said:
1. Those are available, always published online and in the media.
2. Seeing that it's founded by teachers from nyandarua, and fluency in Kikuyu is a requirement for efficient conduct of biz with customers, then that explains the shiny eye dominance.
3. They are on the site. Nitarusha nikifika kwa WiFi.
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Lakini hata mtu huficha such a gross oversight msifananishwe na the bonoboism happening at Moi University and Eldoret University.

Besides, as a bank you are looking for a national outlook unless mnataka kubaki Nyandarua.
 
Abba said:
1. Dig more about unaitas banking license dream
2. Then teremuka kwa mwalimu sacco bank acquisition
3. Then maliza na FEP dream of owning banks till they had to partner with credit bank.. which makes losses after losses.

My thoughts: the money will be diverted into doing something else because banking industry in Kenya is cartel owned.

Unaitas has been chasing banking license ever since it was called muramati sacco till today. Mwalimu sacco was able to acquire one of local banks but losses after losses.

Credit bank partnership with FEP is disaster. Never broke even.
Trend careful with these sacco to be banks dreams.
Click to expand...
They can also go the Caritas way and open a micro-finance bank
 
Abba said:
1. Dig more about unaitas banking license dream
2. Then teremuka kwa mwalimu sacco bank acquisition
3. Then maliza na FEP dream of owning banks till they had to partner with credit bank.. which makes losses after losses.

My thoughts: the money will be diverted into doing something else because banking industry in Kenya is cartel owned.

Unaitas has been chasing banking license ever since it was called muramati sacco till today. Mwalimu sacco was able to acquire one of local banks but losses after losses.

Credit bank partnership with FEP is disaster. Never broke even.
Trend careful with these sacco to be banks dreams.
Click to expand...
Kwa hiyo list weka Kenya Women. Wanted to become a bank after becoming a deposit taking microfinance. Five years later,after selling shares to their members at 28 bob a share and forcing employees to buy shares (minimum for employees was 90K worth of shares) banking licence wanaioneanga fiusasa.

But you are @Aviator oha bunda yaku haría ûkwenda!

Edit: The would be bank also planned to float an IPO in the stock market. CMA wakacheza kama wao...mechi bado inaendelea many years later.
 
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I think investing via shares is one of the most profitable business but you must be smart though do the future research well si kulia hapa after the company is down with your cash. The drawdown is real
 
I will tell you something; the objective and mandate of a sacco can even be explained by its name. Savings and credit. Tosha. Ukipata Sacco ile leadership yake inataka kwanza gymnastics eti diversification, ondokea coz 9.9 out of 10 times, it ends in premium tears. In such situations, always make sure you owe the Sacco more than it owes you I.e always ensure that uko na loan greater than your savings kikiumana you simply offset the loan against your savings and pay the difference.
 
Makhalanganga said:
I will tell you something; the objective and mandate of a sacco can even be explained by its name. Savings and credit. Tosha. Ukipata Sacco ile leadership yake inataka kwanza gymnastics eti diversification, ondokea coz 9.9 out of 10 times, it ends in premium tears. In such situations, always make sure you owe the Sacco more than it owes you I.e always ensure that uko na loan greater than your savings kikiumana you simply offset the loan against your savings and pay the difference.
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What if every member did that?
 
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