Unashig has 220 shareholders, who now own 2,710.11 issued CA (Class A) and CB (Class B) shares -- out of a total of 7,000 authorized shares. The CA share is the voting share, and is reserved for Full Member, with each Member allowed to own only 1. The CB share is the "tool" for growing the company's valuation in the market place.
We have closed year 2020 with the average number of issued shares standing at 12.43 per holder. Growing interest in CB shares continues to raise that average number, which is a good trend for Unashig. However, 54 shareholders still own a total of only 1 or 2 shares each. This is a worrying state of affairs since the issuance of bonus shares in young enterprises in need of rapid growth is likely to be set conservatively -- at the rate of 1 for every 10 or 5 shares held, or even every 3. At the other end of the spectrum, only 44 Members own 10 or more shares.
Each CA and CB share has a "Purchase Value" of KES 2,000/-, or US$ 18.32 (at the current exchange rate of US$1 = KES 109.20).The combined "Purchase Value" of all issued CA and CB shares stands today at KES 5,420,220/- (or US$ 49,635.70). But what is more important is their market valuation, and their aggregate growth rate when we factor in the dividend yield.
At the end of day (and year and decade) on December 31st, 2020, the portfolio of NSE-listed securities in which the cash value of CA+CB shares is invested -- that is, to which the shares' market value is pegged and from which it is realized -- had a valuation (net of remittance and trading charges, totaling around 2.3%, and pending purchases) of KES 5,534,978/- (or US$ 50,686.61. That valuation represents a capital gain of 2.12% -- and that's before the dividends to which the investments already made entitled Unashig in 2020, and will more emphatically do in 2021.
READ: List of Unashig Shareholders at end of day on December 31st, 2020.
NOTE: A narrative of Unashig's founding, in the very recent past, can be read here.
HAPPY INVESTING IN 2021!
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