Valuation of a SACCO

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Valuation of a SACCO
Kennedy Muema, Financial Consultant, Kenya, Member
In my opinion, the FCF and income cap are not suitable for valuing a SACCO (Savings And Credit Co-operative Society). This is because membership and share capital are unlimited and anyone (in some instances only those who qualify) can walk in and buy whatever number of shares they want.
What do you think?
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