UAP Health Insurance Rate Table For Unashig's Group D ~ June 18th 2021 Launch

Participants and observers familiar with Unashig's Group Health Insurance initiative, in partnership with UAP Insurance, will recall that while we had scheduled four cohorts of participants for full-year group covers, beginning in December 2019, only three "activations" took place. These were:
1) The December 2019 Group (now Group A)
2) The March 2020 Group (now Group B)
3) The September 2020 Group (now Group C)

This year, following the renewal of cover for Groups A and B, we are determined to launch a June 2021 Group (Group D) -- even as we wait to renew Group C's cover in September. We do sense considerable enthusiasm for June "activation", and expect to have a good number of fully paid-up participants. 

Since June 2021 will be the first "activation" for Group D, UAP has graciously decided to offer the same Rate Table as was applied to Groups A, B and C in their first year; that is, without any "loading". In principle, "Loading" is a reflection of how participants use the benefits that they pay for and enjoy, and how the insurer -- as a business -- assesses the sustainability of their benefit-use patterns.

READ: The Rate Table For Unashig's Group D (June 18th, 2021)

Here below are some examples of the total premium amounts which participating families will be required to pay for the benefit limits they choose -- depending on the number of eligible family members to be covered [Remember that only inpatient cover is compulsory. This means that you can drop any benefit (Outpatient, Dental or Optical) which you do not need or don't wish to pay for]:

1) 10m Inpatient + Outpatient + Dental + Optical Cover for:
a) Premium for an M+0 family: KES 81464+41108+5728+10930 = KES 139,230/-. 
b) Premium for an M+1 family: KES 122195+73522+7160+13662 = KES 216,539/-.

2) 5m Inpatient + Outpatient +Dental + Outpatient Cover for:
a) Premium for an M+0 family: KES 71,281+37706+4128+6581 = KES 119,696/-.
b) Premium for an M+1 family: KES 108618+68964+5160+8227 = KES 190,969/-.

We will soon add examples of costs associated with 3m and 2m Inpatient covers.

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READ: Details of the Complete Rate Table For Group D

List of Shareholders of Unashig Kenya PLC ~ Released April 30th 2021

The latest list of 223 Unashig Shareholders is provided at the link below in the general interest of the shareholders. As of the end of April 2021, they held a total of 3,002.11 CA and CB shares of the company. The combined value of their shares, pegged to the value of a portfolio of collectively owned securities quoted on the Nairobi Securities Exchange, stands at the end of April 2021 at KES 6,895,638.00 (or US$ 63,937.31, at the exchange rate of US$1=KES107.85).

READ: List of Unashig Shareholders as of April 30th, 2021 

As the list shows, individual shareholders own different amounts of Unashig shares. Here is a brief narration of their distribution based on certain intuitive concerns. First of all, we can divide them into the following two groups: 75 shareholders who own less than 3 shares each, and 148 who own 3 or more shares. 

Among the 148, there are subsets worth noting for Unashig's purposes, and which are distributed as follows:

1) Ninety own 4 or more shares each.
2) Out of the 90 shareholders, however, only 51 own 10 or more shares each. Indeed, that's 51 out of a totality of 223! We would like to see the number owning at least 10 go significantly higher.
3) Out of the 51, thirty two own 30 or more shares each.
4) Out of the 32, only 14 own 51 or more shares each.
5) Out of the 14, six own 114 or more shares each.

It is in the grander interest of all shareholders that each of us should hold at least 10 CA and/or CB shares. As intimated earlier, in the event of a bonus issue -- indeed, the first of such an issue -- it is highly unlikely that the company, still in its "infancy", would offer (let alone afford) better than a ratio of 1:10.

Statement of Shares Held by Unashig Kenya PLC at the End of April 2021 ~ Released May 1st 2021

Unashig Kenya PLC reproduces at the end of every month the official CDSC list of shares quoted on the Nairobi Securities Exchange (NSE) which it (Unashig) holds on behalf of the collectivity of its shareholders. Here below is the CDSC list for the end of April 2021. 

The present list is not exhaustive, however. As pointed out previously, shares bought in the last week or so of a given month typically don't make it to the list on time. Consequently, one has to wait till the end of the following month to see what had been left out  But that is easier said than done, since CDSC statements don't make specific provisions for -- or mentions of -- late/belated entries; that is, of holdings brought forward from the previous month. 

Every statement simply stuffs all transactions into the standard format of "first date of the month " to "the last." No overlaps between "last days of the previous month" and the "first few days" of the new month are owned up to -- as far as we can see. It is easy, in that case, to say that we shouldn't buy any shares one week or so to the end of any given month. But that would be self-defeating. After all, we have our data in full detail from the Broker to confirm our holdings at any time in-between CDSC releases. 

Still, CDSC should up its game. It is a bit lackadaisical in its reporting.  The list we share with you below is definitely incomplete, as far as our April transactions are concerned. Two examples: Unashig owns 3,000 Williamson Tea shares -- not the 2,700 reported. Likewise, it owns 41,100 shares in Nairobi Securities Exchange -- not 39,600. On the other hand, since we did not buy any Safaricom shares close to the end of April, the number of shares reported (i.e. 58,200) is accurate.

READ: List of Quoted Securities Held by Unashig at the end of April 2021

UNASHIG''s Share Price and Market Capitalization of Holdings Held on the Nairobi Securities Exchange __ April 26th to 30th, 2021

 For a background on this continuing series of summaries at the end of each trading day on the Nairobi Securities Exchange (NSE): READ: The Introductory Section (availed at this link).

Share Price and Market Capitalization on Specified Days of the Week: April 26th to 30th, 2021:

Friday, April 30th, 2021: Share Price and Marker Capitalization at Close of Day:

Unashig's share price dipped by 0.32% today, compared to yesterday, closing at KES 2,296.93 (or US$ 21.30, at the same exchange rate as yesterday's). Today's NSE index data, as reported by Dyer & Blair, show that this drop was slightly steeper than the decline in the NSE 20 index (-0.31%) and more noticeably so than the NASI index (-0.02%).

YTD (Year-to-Date), the share price has continued on its broadly upward trend, having so far appreciated by 12.46% -- even though today's closing mark was a little lower than yesterday's. 

No CA or CB shares were bought today, nor were any NSE-quoted shares added to the company's holdings.

Market capitalization dropped by 0.31%, closing at KES 6,895,638.50 (or US$ 63,937.31). YTD, it has appreciated by 24.2%; and, since December 31st, 2019, by 307.46% -- albeit from a small beginning.

IMPORTANT NOTE: Until the close of stock trading at the NSE at 3:00 PM (GMT+3) next Monday, May 3rd -- and the subsequent release b NSE of Monday's stats  approximately 60 to 90 minutes thereafter -- KES 2,296.93 (or US$ 21.30), plus brokerage and statutory charges, will prevail as the price at which a Unashig CA or CB share may be bought from the company. It is also the price which, multiplied by the number of Unashig shares held by an investor, will show the market value of the investor's holdings -- and affirm its continuing appreciation. 

[Please remit all share-purchase funds through Paybill Number 488522 to Unashig's trading account number 20855010 at NCBA Investment Bank (Unashig's Broker and a subsidiary of NCBA Bank). To participate in this investment initiative, you must first register your details with Unashig Kenya PLG. The required form may be obtained through unashig.kenya@gmail.com] 

Thursday, April 29th, 2021: Share Price and Market Capitalization at Close of Day: 

Unashig's share price trended upward again today, closing 0.59% higher than yesterday -- at KES 2,304.19 (or US$ 21.36, at a steady exchange rate of US$1:KES107.85). Based on today's NSE index data reported by Dyer & Blair, Unashig's share price yet again outperformed NSE 20 Index (which gained 0.18%), but was somewhat narrowly outpaced by NASI (which grew by 0.68%). 

YTD, the share price has generally trended upward, and closed with a cumulative gain of 12.81%.

No CA or CB shares were bought today, but some quoted shares were added to Unashig's portfolio today, using funds received too late for yesterday's trading. The number of outstanding shares remained at 3,002.11.

Market capitalization had a 0.59% gain, closing at KES 6,917,247.50 (or US$ 64,139.34. YTD, capitalization has had cumulative gain of 24.41%. Since December 31st, 2019, capitalization has grown by 308.74%.

Wednesday, April 28th, 2021: Share Price and Market Capitalization at Close of Day:

Unashig's share price rose by 1.21% today, rather emphatically reversing yesterday's trajectory, and closed at KES 2.290.65 (or US$ 21.24, at today's exchange rate of US$1: KES107.85). It outperformed both the NSE 20 Index (0.45%) and the NASI Index (0.74%), based on the figures issued today by broker Dyer & Blair. Both indexes had a good show, nevertheless. Foreign investors continued to be net buyers.

YTD, the share price has grown by a promising 12.15%, with today's curve looking decidedly upward.

A number of CB shares were bought privately today, pushing the total of outstanding CA and CB shares past the 3,000 mark for the very first time -- and up to 3,002.11 at close. A number of quoted shares were likewise added to Unashig's holdings, thus boosting your company's market capitalization.

Market capitalization recorded a 1.54% gain in value today, compared to Tuesday, and closed at KES 6,876,782.00 (or US$ 63,762.47). YTD, accumulated gain stands at 23.68%. Since December 31st, 2019, it has grown by 306.35%. 

A Final Word: Concerning RTGS, Unashig's Management is pleased to report that a more direct -- and faster, and cheaper-- channel for remitting funds for CA and CB shares to the Unashig account (and seamlessly converting the cash into quoted shares) was successfully tested this afternoon using the remittance system managed by NCBA Investment Bank (Unashig's broker). In a word, Members will now remit funds by M-Pesa, via NCBA's Paybill Number 488522, directly into Unashig's brokerage account Number 20855010 (which has all along been at NCBA Investment Bank). This procedure will save you the standard RTGS fee of KES 600/- which banks charge for each remittance. Unashig has in fact been shouldering this weight for quite a while, until we introduced the Share Pricing Formula quite recently. But since the Share Pricing Formula has been dividing the charge by 3 for each investor, the actual cost has been KES 200/- per remitter. We will now do away with even that lower charge. Additional details will follow. We urge shareholders to promptly adopt this remittance channel.

Tuesday, April 27th, 2021: Share Price and Market Capitalization at Close of Day:

Unashig's share price closed 1.20% lower today, compared to Monday's price, settling at KES 2,263.35 (or US$ 21.00 at the exchange rate of US$1=KES 107.80). It was therefore outperformed by both the NASI index (which rose by 0.20%) and the NSE 20 Index (which dropped by 1.07%), as reported by brokers Dyer & Blair. Foreign traders were net buyers on this day.

 YTD, the share price has grown by 10.81%, even though the curve dipped somewhat today.

Some Unashig CB shares were bought privately today, raising the total of outstanding CA and CB shares to 2,992.11. However, no quoted shares have been bought yet from the NSE to peg the new CB share values.

Market capitalization dipped by 0.87%, and closed at KES 6,772,193.00 (or US$ 62,821.83). YTD, it has grown by 21.80% (even though today's number represents a small downward slope compared to yesterday's). Looking back to December 31st, 2019, we see that today's figure represents a 300.17% gain.

IMPORTANT NOTE: Until the close of trading at 3:00 PM (GMT+3) tomorrow -- Wednesday, April  28th -- and the subsequent release by NSE of the day's stats approximately 60 to 90 minutes thereafter, KES 2,263.35 (or US$ 21.00) plus RTGS and statutory charges will prevail as the price at which a Unashig CA or CB share may be bought from the company. [Make your share purchases conveniently through Safaricom M-Pesa, via Unashig's Pay Bill Number 515357].

Monday, April 26th, 2021: Share Price and Market Capitalization at Close of Day:

Compared to the closing price last Friday, Unashig's share price rose by 0.95% to close at KES 2,290.81 (or US$ 21.19, at today's exchange rate of US$1:KES108.10). That relatively robust price appreciation overshadowed the gain reported today by Dyer & Blair for the NSE 20 index (0.02%) and NASI index (0.28%). Foreign traders were net sellers yet again.

YTD, the share price has made a gain of 12.16%, thus sustaining a ride that promises to continue well ahead of most familiar bond yields. 

No Unashig shares were bought today, but some quoted shares were acquired from the NSE. The Unashig shares privately bought after trading closed last Friday have now raised the number of outstanding CA and CB shares to 2,982.11; which, as the denominator, have played a role in determining the company's closing share price today.

Market capitalization appreciated by 1.22% today, and closed at KES 6,831,451.00 -- or US$ 63,195.66, at the day's forex rate. YTD, it reached a new high, having grown by 22.86%. It has grown even more noticeably since December 31st, 2019, breaching the 300% milestone and closing this Monday with a cumulative gain in value of 303.67%. 

NOTE: As reflected in the Unashig Share Pricing Formula, a buyer of Unashig shares also pays: (a) part of the RTGS charge incurred when his/her funds are transferred via a bank to the Broker (we are looking for a remittance modality which does away with the RTGS cost); and, (b) certain statutory and Brokerage charges incurred when pegging (converting) CA and CB share-values to the quoted values of shares collectively bought on the stock exchange (NSE) at any material time. The total of these charges currently adds up to approximately 2.4% of the pegged value of the Unashig shares bought by the investor; that is: 2.4% of the number of shares ordered and subsequently bought X the prevailing Unashig share price.

FOR SUMMARIES FOR EARLIER DATES, PLEASE READ: Unashig's Share Price and Market Capitalization: Week of April 19th to 23rd, 2021. [A link to even earlier dates will be found there]

UPDATED: April 27th, 2021 (9:28 AM, 8:15 PM and 10:12 PM); April 28th, 2021 (8:45 PM); April 29th, 2021 (10:19 PM); April 30th, 2021 (9:20 PM).