anika66 wrote:If I ask my stock broker to sell x number of stocks at company A and not to go below price y, what recourse do i have?
And why have I not received my divided (not interim but the final 2010) for East African Cables? I am not so happy with my brokers, can i transfer my account to another broker and are there costs to be incurred?
Recourse - If you signed the order form, you must have kept the duplicate. Approach management with the duplicate and demand they pay the difference. If they fail, go to CMA, Re-insurance plaza.
If non of this works, go to the media. Such a useless broker should be exposed for what he is. Do us a favour, tell us who the broker is and I will investigate.
EA Cables dividends - If you gave them your acc number, they may have sent it to your bank. If by mail, anything is possible. The worst part would be if you have never given them your address or instructions on how to handle your dividends. I have heard other EA Cables shareholders complain that they have not received the dividends also. That the AGM has been shifted to a later date.
Transfer - You can transfer to another broker of your choice. Do not agree to suggestions from the broker you are leaving as he will refer you to another rogue broker. Do not go to SIB unless you don't mind long queues. SIB is like Equity bank banking hall, forever crowded with all sorts of ppl.
Transfer fee used to be 30bob but must have gone up by now to something like ..
Wisdom to detect when share prices hit rock bottom.
When interest on bonds keep going up, you know the bear run is on high street. When interest on bonds start leveling, the bear has met the bull and they have hit rock bottom. When the interest rates on bonds start coming down, the bull has overpowered the bear and you better be riding the bull.