Unashig has 221 shareholders, who own all of its 2,778.11 CA (Class A) and CB (Class B) shares that are currently "outstanding" (that is, issued). The issued shares are part of a total of 7,000 authorized shares (or "capital stock"). The tradeable (or market) value of these outstanding shares is presently pegged to, and realized through, the market value of Unashig's growing portfolio of shares quoted on the Nairobi Securities Exchange (NSE), which is the largest in Eastern and Central Africa. All proceeds from the sale of CA and CB shares are invested exclusively in shares traded on the NSE. For more about the pegging idea READ HERE,
A parallel approach to value addition for Unashig's CA and CB shares is indeed the company's original goal -- group health insurance -- to which we have more recently added two other forms of insurance, namely, Last Expense and Motor Insurance. Property and Travel Insurance may follow. These insurance initiatives are tasked to Unasi Insurance Agency Ltd, which is wholly owned by Unashig. The Agency presently generates significantly more gross revenue, in the form of "commission" payments, than Unashig receives as gross dividends from quoted companies. As divide income grows, however, the disproportion is likely to ease in the medium-term, and then, perhaps, to periodically "alternate." All things considered, then, the present market value of Unashig's pegged shares significantly understates its true or aggregate or potential value. Watch this space, then. Better still, jump in ("jambin") early.
READ: Unashig Kenya PLC Shareholders' List ~ Released March 1st., 2021.
READ: List of Shareholders of Unashig Kenya PLC at end of January, 2021
READ: A narrative of Unashig's founding.
HAPPY INVESTING IN 2021
