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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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Tall Order wrote:I don't know about African Alliance, what about Drummond, huge service issues. Non-execution of orders, lack of updates e.t.c.
Time to move houses, problem is I can't trade during the period and until I'm at my new broker and cleared to trade, I'm left to just watch by the sidelines.
Anyone? How long is the process/procedure before I can trade again if I decided to shift from one broker to another with same CDS account. At least 2 months. The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Elder Joined: 12/7/2012 Posts: 11,935
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Aguytrying wrote:Tall Order wrote:I don't know about African Alliance, what about Drummond, huge service issues. Non-execution of orders, lack of updates e.t.c.
Time to move houses, problem is I can't trade during the period and until I'm at my new broker and cleared to trade, I'm left to just watch by the sidelines.
Anyone? How long is the process/procedure before I can trade again if I decided to shift from one broker to another with same CDS account. At least 2 months.  In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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Aguytrying wrote:Tall Order wrote:I don't know about African Alliance, what about Drummond, huge service issues. Non-execution of orders, lack of updates e.t.c.
Time to move houses, problem is I can't trade during the period and until I'm at my new broker and cleared to trade, I'm left to just watch by the sidelines.
Anyone? How long is the process/procedure before I can trade again if I decided to shift from one broker to another with same CDS account. At least 2 months. Two months?!? Geez what are they using to transfer the shares, a crane?!? NSE got a long way to go to reach international standards
Two months is too long a wait for a liquid market.$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Member Joined: 2/7/2014 Posts: 155
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....and they are having an IPO.why do we get crappy service and still go ahead and buy shares to be a shareholders of such companies.
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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That is Kenya for you. Crappy service everywhere. Its now going to be 2months tomorrow since my broker submitted a request to update my bank details at CDSC. I keep calling and the guy at the other end just gvs me gibberish reasons all the time. Its about time they are sued "There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
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Rank: Member Joined: 5/9/2014 Posts: 130 Location: Nairobi
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Last 10 Posts (In reverse order)
murchr Posted: Thursday, July 24, 2014 1:49:08 PM
That is Kenya for you. Crappy service everywhere. Its now going to be 2months tomorrow since my broker submitted a request to update my bank details at CDSC. I keep calling and the guy at the other end just gvs me gibberish reasons all the time. Its about time they are sued
China is creating another Greece* every 3 months - Jim O'Neill ". .
kasibitta Posted: Thursday, July 24, 2014 1:48:51 PM
....and they are having an IPO.why do we get crappy service and still go ahead and buy shares to be a shareholders of such companies.
hisah Posted: Thursday, July 24, 2014 1:28:26 PM
Aguytrying wrote:
Tall Order wrote:
I don't know about African Alliance, what about Drummond, huge service issues. Non-execution of orders, lack of updates e.t.c.
Time to move houses, problem is I can't trade during the period and until I'm at my new broker and cleared to trade, I'm left to just watch by the sidelines.
Anyone? How long is the process/procedure before I can trade again if I decided to shift from one broker to another with same CDS account.
At least 2 months.
Two months?!? Geez what are they using to transfer the shares, a crane?!? NSE got a long way to go to reach international standards Sad
Two months is too long a wait for a liquid market.
No no no, what I've I got myself into, 2 months!!! Someone please pinch me, since I think I'm dreaming! Anyway when I come to my senses and the CDSC guys sort me out I'll let Wazuans know how the whole thing went about.
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Rank: Member Joined: 5/28/2014 Posts: 149 Location: Nairobi
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hisah wrote:Aguytrying wrote:Tall Order wrote:I don't know about African Alliance, what about Drummond, huge service issues. Non-execution of orders, lack of updates e.t.c.
Time to move houses, problem is I can't trade during the period and until I'm at my new broker and cleared to trade, I'm left to just watch by the sidelines.
Anyone? How long is the process/procedure before I can trade again if I decided to shift from one broker to another with same CDS account. At least 2 months. Two months?!? Geez what are they using to transfer the shares, a crane?!? NSE got a long way to go to reach international standards
Two months is too long a wait for a liquid market. It doesn't take 2 months for you to be able to trade. So long as you've opened an account with the new broker you can trade - buy and sell other stocks, immediately. The issue would be trading the shares being transferred. For those you need to wait. When I transferred my shares from one broker to another it took just about 3 weeks for the shares to move. When you live for others' opinions, you are dead.
- Carlos Slim Helu
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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I did it 2 years ago. they said 6 weeks, but i was closer to 8 wks The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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To transfer shares do u have to open another CDSC A/c? "There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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murchr wrote:To transfer shares do u have to open another CDSC A/c? I don't think so...Remember I tried it once and the forms i filled only needed the number of shares,name,passport or i.d no etc there was no indication that I needed to open a new acc,the only reason I never executed it was the back and forth,too tiring... possunt quia posse videntur
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