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Rank: Member Joined: 12/8/2009 Posts: 274 Location: Ltktk
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invest0r wrote:FUNKY wrote:@ Investor so we should apply for how many shares? Apply the much you can. The allocation policy incase of oversubscription is on pro-rata. Quote:If the total number of Offer Shares applied for is more than the total number of Offer Shares reserved for the Retail East Africans sub-pool, Applicants will be allotted 100 Offer Shares in the first instance and thereafter in multiples of 100 Offer Shares on a pro rata basis, rounded down to the nearest 100 Offer Shares, until all Offer Shares in the sub-pool are fully exhausted, provided however that Rwandan citizens will be given priority in allotment for up to 60% of the Offer Shares reserved under the Retail East Africans sub-pool. This simply means the rest of east africans( non rwandans) will be scrambling for 33M shares ie 40 percent. does it really make sense to apply for this thing and end up with 500 shares? ...things fall apart...the centre cannot hold..mere anarchy is loosed upon the world...w b yeats
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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TUPAC wrote:invest0r wrote:FUNKY wrote:@ Investor so we should apply for how many shares? Apply the much you can. The allocation policy incase of oversubscription is on pro-rata. Quote:If the total number of Offer Shares applied for is more than the total number of Offer Shares reserved for the Retail East Africans sub-pool, Applicants will be allotted 100 Offer Shares in the first instance and thereafter in multiples of 100 Offer Shares on a pro rata basis, rounded down to the nearest 100 Offer Shares, until all Offer Shares in the sub-pool are fully exhausted, provided however that Rwandan citizens will be given priority in allotment for up to 60% of the Offer Shares reserved under the Retail East Africans sub-pool. This simply means the rest of east africans( non rwandans) will be scrambling for 33M shares ie 40 percent. does it really make sense to apply for this thing and end up with 500 shares? The non rwandans will basically be Kenyans. I think Burudians, Tanzanians and Ugandans will participate in a very small way in this IPO
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Rank: Veteran Joined: 4/30/2010 Posts: 1,635
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Lets hope the Burundians,Tanzanians and Ugandans participate in small numbers so we are allocated more shares.
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Rank: Member Joined: 12/15/2010 Posts: 162
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FUNKY wrote:Lets hope the Burundians,Tanzanians and Ugandans participate in small numbers so we are allocated more shares.
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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mwekez@ji wrote:Quote:If the total number of Offer Shares applied for is more than the total number of Offer Shares reserved for the Retail East Africans sub-pool, Applicants will be allotted 100 Offer Shares in the first instance and thereafter in multiples of 100 Offer Shares on a pro rata basis, rounded down to the nearest 100 Offer Shares, until all Offer Shares in the sub-pool are fully exhausted, provided however that Rwandan citizens will be given priority in allotment for up to 60% of the Offer Shares reserved under the Retail East Africans sub-pool. This simply means the rest of east africans( non rwandans) will be scrambling for 33M shares ie 40 percent. does it really make sense to apply for this thing and end up with 500 shares? [/quote] [/quote] Also do put into consideration that banks like KCB(R) have committed to offering credit finance for interested investors. Following the success of Brailwa* post-listing..I smell another Safcon IPO here people.
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Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
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Cde Monomotapa wrote:mwekez@ji wrote:Quote:If the total number of Offer Shares applied for is more than the total number of Offer Shares reserved for the Retail East Africans sub-pool, Applicants will be allotted 100 Offer Shares in the first instance and thereafter in multiples of 100 Offer Shares on a pro rata basis, rounded down to the nearest 100 Offer Shares, until all Offer Shares in the sub-pool are fully exhausted, provided however that Rwandan citizens will be given priority in allotment for up to 60% of the Offer Shares reserved under the Retail East Africans sub-pool. This simply means the rest of east africans( non rwandans) will be scrambling for 33M shares ie 40 percent. does it really make sense to apply for this thing and end up with 500 shares? [/quote] Also do put into consideration that banks like KCB(R) have committed to offering credit finance for interested investors. Following the success of Brailwa* post-listing.. I smell another Safcon IPO here people.[/quote] Equity benefited when that happened. Who will benefit now? GOD BLESS YOUR LIFE
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Rank: Veteran Joined: 4/30/2010 Posts: 1,635
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That means KCB will benefit a lot also in terms of interest income. Seems a good year for KCB ahead.
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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FUNKY wrote:That means KCB will benefit a lot also in terms of interest income. Seems a good year for KCB ahead.
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Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
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FUNKY wrote:That means KCB will benefit a lot also in terms of interest income. Seems a good year for KCB ahead. Also note that the size of the Banque de Kigali IPO cannot be compared to the Safaricom IPO. Thus any gains won't have as much of an effect like Safaricom had for Equity GOD BLESS YOUR LIFE
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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youcan'tstopusnow wrote:FUNKY wrote:That means KCB will benefit a lot also in terms of interest income. Seems a good year for KCB ahead. Also note that the size of the Banque de Kigali IPO cannot be compared to the Safaricom IPO. Thus any gains won't have as much of an effect like Safaricom had for Equity Great oppurtnity for KCB(R) to scale up in a new mkt.
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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Final draft of BK prospectus is available for download here http://www.4shared.com/get/eK4F...pectus_final_280611.html
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Rank: Member Joined: 6/17/2011 Posts: 229
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TUPAC wrote:invest0r wrote:FUNKY wrote:@ Investor so we should apply for how many shares? Apply the much you can. The allocation policy incase of oversubscription is on pro-rata. Quote:If the total number of Offer Shares applied for is more than the total number of Offer Shares reserved for the Retail East Africans sub-pool, Applicants will be allotted 100 Offer Shares in the first instance and thereafter in multiples of 100 Offer Shares on a pro rata basis, rounded down to the nearest 100 Offer Shares, until all Offer Shares in the sub-pool are fully exhausted, provided however that Rwandan citizens will be given priority in allotment for up to 60% of the Offer Shares reserved under the Retail East Africans sub-pool. This simply means the rest of east africans( non rwandans) will be scrambling for 33M shares ie 40 percent. does it really make sense to apply for this thing and end up with 500 shares? From the look of things, we are in for an over-subscription of the Bank of Kigali. BRALIRWA was over subscribed 100% and the trend might duplicate considering that more people understand stocks better now than before. However, from the EA pool, there is still a chance that majority could be Kenyan investors as BRALIRWA didn't manage to fully kengen Rwandans.
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Rank: Veteran Joined: 4/30/2010 Posts: 1,635
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An oversubscription will be there for sure. I jsut hope it is not massively oversubscribed so that we get a higher allocation.
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Rank: Elder Joined: 2/26/2008 Posts: 4,449
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So far, what is the application process especially as per the currency conversions and bank charges?
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Rank: Elder Joined: 2/26/2008 Posts: 4,449
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African Alliance accepting 30,000 shares minimum. How about the rest?
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Rank: Veteran Joined: 4/30/2010 Posts: 1,635
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Well Dyer and Blair as usual they are not accepting applications less than 1,000,000 shs. I do not understand when the minimum application is of 100 shares how can these brokers start bringing their own minimum applications?
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Rank: Member Joined: 1/25/2009 Posts: 184 Location: For now El-Fashier - Darfur
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@ ecstacy... When did U confirm that. I was there yesterday and was told the minimum I can invest on the IPO is 1 Million. I believe its a way of minimising wanjiku's and taking advantage of the refunds. Definatly refunds will be alot!  "A bad decision made now is beta that a good one made later!!"
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Rank: Elder Joined: 2/26/2008 Posts: 4,449
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underweight wrote:@ ecstacy... When did U confirm that. I was there yesterday and was told the minimum I can invest on the IPO is 1 Million. I believe its a way of minimising wanjiku's and taking advantage of the refunds. Definatly refunds will be alot! Prohibitive amounts...Was at AA Tuesday 05/07/11. Suntra talked of doing this IPO. Any confirmation? If they are I doubt they would ask for this amounts...
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Rank: Member Joined: 7/17/2008 Posts: 152
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The lead brokers are african alliance and dyer&blair, so any other broker in kenya will have to submit their applications through any of the two. Since they have agreed the minimum is kshs.1 million then thats it.
By the way you must have a passport to participate as rwanda is not accepting kenyan national I.D. so probably the starting point should be nyayo house as you look for the million.
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Rank: Member Joined: 6/17/2011 Posts: 229
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CFC Stabic is also handling the BK-IPO, their Nairobi contact here Eva Wanganju Operations Manager | CFC Stanbic Financial Services Ltd | CfC Stanbic Building, 2nd floor | Kenyatta Avenue | Nairobi | Kenya | T: +254 20 3638900 |DL: +254 20 3638916 |F: +254 20 310053 | Email: WanganjuE@stanbic.com | Web: www.cfcstanbic.co.ke | CFC-Stanbic Kigali contact below: CFC STANBIC FINANCIAL SERVICES LIMITED 2ND FLOOR, PLOT 1320, KARISIMBA ROAD, KIGALI, RWANDA Email: mburuc@stanbic.comFaida Securities Rwanda Limited given earlier. You could check if they are handling through Nairobi office. Leave alone those asking millions! Cheers.
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