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Safaricom Investment Cooperative
murchr
#341 Posted : Friday, April 08, 2016 3:45:53 AM
Rank: Elder


Joined: 2/26/2012
Posts: 15,973
Who has tried to bid in the secondary market? Do you have to bid 100+?
"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
.
jerry
#342 Posted : Friday, April 08, 2016 9:43:06 AM
Rank: Elder


Joined: 9/29/2006
Posts: 2,570
enyands wrote:
harrydre wrote:
enyands wrote:
harrydre wrote:
I want to join, any existing member willing to introduce me? please email wazuaharrydre@gmail.com

nitanunua pombe.



If you want to join safaricom sacco then you need someone to introduce you .but if you want to join safaricom INVESTMENT cooperative you need no one .email them and you will get started pngari@safaricom.co.ke


Thanks, my interest is the S.I.C




Then talk to paul ngari at pngari@safaricom.co.ke

Another question. How much cash does someone need to join and what are the monthly contributions?
The opposite of courage is not cowardice, it's conformity.
Pirate
#343 Posted : Friday, April 08, 2016 11:06:58 AM
Rank: Member


Joined: 4/4/2007
Posts: 91
murchr wrote:
Who has tried to bid in the secondary market? Do you have to bid 100+?


Yes. Minimum number of shares one can float and bid is 100
Knowledge is power , but action gets things done ...
Pirate
#344 Posted : Friday, April 08, 2016 1:52:22 PM
Rank: Member


Joined: 4/4/2007
Posts: 91
jerry wrote:
enyands wrote:
harrydre wrote:
enyands wrote:
harrydre wrote:
I want to join, any existing member willing to introduce me? please email wazuaharrydre@gmail.com

nitanunua pombe.



If you want to join safaricom sacco then you need someone to introduce you .but if you want to join safaricom INVESTMENT cooperative you need no one .email them and you will get started pngari@safaricom.co.ke


Thanks, my interest is the S.I.C




Then talk to paul ngari at pngari@safaricom.co.ke

Another question. How much cash does someone need to join and what are the monthly contributions?


Minimum monthly contributions is 3k per month . To be a member , one requires to have a min of 300 shares (at 435 /share) + 10k joining fee . 140,500 Kes in total.
Knowledge is power , but action gets things done ...
murchr
#345 Posted : Friday, April 08, 2016 2:11:05 PM
Rank: Elder


Joined: 2/26/2012
Posts: 15,973
Pirate wrote:
murchr wrote:
Who has tried to bid in the secondary market? Do you have to bid 100+?


Yes. Minimum number of shares one can float and bid is 100


I saw a sell bid of 78 shares and other numbers that were not in hundreds like 158 etc. And should the account have money before trading?
"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
.
Pirate
#346 Posted : Monday, April 11, 2016 11:20:24 AM
Rank: Member


Joined: 4/4/2007
Posts: 91
murchr wrote:
Pirate wrote:
murchr wrote:
Who has tried to bid in the secondary market? Do you have to bid 100+?


Yes. Minimum number of shares one can float and bid is 100


I saw a sell bid of 78 shares and other numbers that were not in hundreds like 158 etc. And should the account have money before trading?


Interesting. I assumed since the minimum one can float is 100 , the same should apply. One should have money deposited in the SIC account before trading. It's a new rule ,after launch for the online platform .
Knowledge is power , but action gets things done ...
murchr
#347 Posted : Tuesday, August 30, 2016 6:37:06 PM
Rank: Elder


Joined: 2/26/2012
Posts: 15,973
I have been getting a message "SIC grants you chance to use your monthly contribution to buy secondary shares and earn more benefits." Does anyone know if the share register has been closed?
"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
#348 Posted : Tuesday, August 30, 2016 8:26:29 PM
Rank: Elder


Joined: 12/25/2014
Posts: 2,299
Location: kenya
murchr wrote:
I have been getting a message "SIC grants you chance to use your monthly contribution to buy secondary shares and earn more benefits." Does anyone know if the share register has been closed?


I got the same too
enyands
#349 Posted : Tuesday, October 18, 2016 7:24:54 AM
Rank: Elder


Joined: 12/25/2014
Posts: 2,299
Location: kenya
What's the latest in this bus
enyands
#350 Posted : Tuesday, October 18, 2016 6:33:29 PM
Rank: Elder


Joined: 12/25/2014
Posts: 2,299
Location: kenya
murchr wrote:
I have been getting a message "SIC grants you chance to use your monthly contribution to buy secondary shares and earn more benefits." Does anyone know if the share register has been closed?


Talked to someone who mentioned that they are still like usual. Bought monthly last month ,this month.so it's for those who want kadiscount
Pirate
#351 Posted : Wednesday, October 19, 2016 10:59:55 AM
Rank: Member


Joined: 4/4/2007
Posts: 91
enyands wrote:
murchr wrote:
I have been getting a message "SIC grants you chance to use your monthly contribution to buy secondary shares and earn more benefits." Does anyone know if the share register has been closed?


Talked to someone who mentioned that they are still like usual. Bought monthly last month ,this month.so it's for those who want kadiscount


Well remember when you buy monthly , the rate is 435/- and your rebates are prorated, but from the secondary market , its 405/- more often than not plus you get full year dividends.

On another note , SIC have had a good run this year with land and property sales . Expecting performance of about 25-30% end of year .
Knowledge is power , but action gets things done ...
enyands
#352 Posted : Wednesday, October 19, 2016 3:38:29 PM
Rank: Elder


Joined: 12/25/2014
Posts: 2,299
Location: kenya
Pirate wrote:
enyands wrote:
murchr wrote:
I have been getting a message "SIC grants you chance to use your monthly contribution to buy secondary shares and earn more benefits." Does anyone know if the share register has been closed?


Talked to someone who mentioned that they are still like usual. Bought monthly last month ,this month.so it's for those who want kadiscount


Well remember when you buy monthly , the rate is 435/- and your rebates are prorated, but from the secondary market , its 405/- more often than not plus you get full year dividends.

On another note , SIC have had a good run this year with land and property sales . Expecting performance of about 25-30% end of year .



You rock pirate. Thanks. How about stima na hii kitu ingine inaitwa UNAITAS
Pirate
#353 Posted : Wednesday, November 09, 2016 10:04:44 AM
Rank: Member


Joined: 4/4/2007
Posts: 91
enyands wrote:
Pirate wrote:
enyands wrote:
murchr wrote:
I have been getting a message "SIC grants you chance to use your monthly contribution to buy secondary shares and earn more benefits." Does anyone know if the share register has been closed?


Talked to someone who mentioned that they are still like usual. Bought monthly last month ,this month.so it's for those who want kadiscount


Well remember when you buy monthly , the rate is 435/- and your rebates are prorated, but from the secondary market , its 405/- more often than not plus you get full year dividends.

On another note , SIC have had a good run this year with land and property sales . Expecting performance of about 25-30% end of year .



You rock pirate. Thanks. How about stima na hii kitu ingine inaitwa UNAITAS


Stima Cooperative have been performing relatively well . They gave rebates of 21% in 2014 and 23% for 2015 financial year. A substantial amount coming from land sales and rental income. Planning to join it in 2017. As for UNAITAS ,I have not much information on it
Knowledge is power , but action gets things done ...
Mainat
#354 Posted : Wednesday, November 09, 2016 10:16:20 AM
Rank: Veteran


Joined: 11/21/2006
Posts: 1,590
Pirate-does one has to be a member to buy the shares?
Pirate wrote:
enyands wrote:
Pirate wrote:
enyands wrote:
murchr wrote:
I have been getting a message "SIC grants you chance to use your monthly contribution to buy secondary shares and earn more benefits." Does anyone know if the share register has been closed?


Talked to someone who mentioned that they are still like usual. Bought monthly last month ,this month.so it's for those who want kadiscount


Well remember when you buy monthly , the rate is 435/- and your rebates are prorated, but from the secondary market , its 405/- more often than not plus you get full year dividends.

On another note , SIC have had a good run this year with land and property sales . Expecting performance of about 25-30% end of year .



You rock pirate. Thanks. How about stima na hii kitu ingine inaitwa UNAITAS


Stima Cooperative have been performing relatively well . They gave rebates of 21% in 2014 and 23% for 2015 financial year. A substantial amount coming from land sales and rental income. Planning to join it in 2017. As for UNAITAS ,I have not much information on it

Sehemu ndio nyumba
Pirate
#355 Posted : Wednesday, November 09, 2016 11:43:00 AM
Rank: Member


Joined: 4/4/2007
Posts: 91
Yep. For Stima Cooperative : 5k joining fee and purchase of 300 shares @ 200 bob each. Monthly minimum contributions of 2500
Mainat wrote:
Pirate-does one has to be a member to buy the shares?
Pirate wrote:
enyands wrote:
Pirate wrote:
enyands wrote:
murchr wrote:
I have been getting a message "SIC grants you chance to use your monthly contribution to buy secondary shares and earn more benefits." Does anyone know if the share register has been closed?


Talked to someone who mentioned that they are still like usual. Bought monthly last month ,this month.so it's for those who want kadiscount


Well remember when you buy monthly , the rate is 435/- and your rebates are prorated, but from the secondary market , its 405/- more often than not plus you get full year dividends.

On another note , SIC have had a good run this year with land and property sales . Expecting performance of about 25-30% end of year .



You rock pirate. Thanks. How about stima na hii kitu ingine inaitwa UNAITAS


Stima Cooperative have been performing relatively well . They gave rebates of 21% in 2014 and 23% for 2015 financial year. A substantial amount coming from land sales and rental income. Planning to join it in 2017. As for UNAITAS ,I have not much information on it


Knowledge is power , but action gets things done ...
Mainat
#356 Posted : Wednesday, November 09, 2016 3:20:17 PM
Rank: Veteran


Joined: 11/21/2006
Posts: 1,590
@pirate, thanks. what about safaricom
Sehemu ndio nyumba
enyands
#357 Posted : Wednesday, November 09, 2016 3:44:45 PM
Rank: Elder


Joined: 12/25/2014
Posts: 2,299
Location: kenya
Mainat wrote:
@pirate, thanks. what about safaricom



Mainat si you can go to their websites and all info is there. You can even get their number and call them www.sic.co.ke
yosie14
#358 Posted : Wednesday, November 09, 2016 6:03:19 PM
Rank: Member


Joined: 12/17/2013
Posts: 118
murchr wrote:
I have been getting a message "SIC grants you chance to use your monthly contribution to buy secondary shares and earn more benefits." Does anyone know if the share register has been closed?


Me too I have been getting this nessage and it didnt make sense to me.
Only yesterday I noticed they decided to do this after they noticed no one was buying the secondary shares and a big backlog dated from as early as April needed to be cleared. If you teied to sell your shares in July your lot is still in the market todate andso is anyone who floated his tbereafter. Why this is happening I have no idea. Too many people selling out? Why? Still no answer(asking myself)
KCB,NMG,PAFR
murchr
#359 Posted : Wednesday, November 09, 2016 6:12:04 PM
Rank: Elder


Joined: 2/26/2012
Posts: 15,973
Mainat wrote:
@pirate, thanks. what about safaricom


@Mainat, I know you follow the money religiously so am abit shocked you aint in these buses. smile Anyway, what's you quick money penny stock this 1/4? 2016 has not been very kind.
"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
.
Mainat
#360 Posted : Wednesday, November 09, 2016 9:14:04 PM
Rank: Veteran


Joined: 11/21/2006
Posts: 1,590
Time is a precious commodity these days. Haven't been able to follow penny stocks for a while. Moved to fx after successfully playing the GBP down. It's actually fun because you don't have to rely on a broker.
Would advise you try especially now that Drump's presidency will almost increase currency vol for the foreseeable future.

murchr wrote:
Mainat wrote:
@pirate, thanks. what about safaricom


@Mainat, I know you follow the money religiously so am abit shocked you aint in these buses. smile Anyway, what's you quick money penny stock this 1/4? 2016 has not been very kind.

Sehemu ndio nyumba
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