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Banque de Kigali
Rank: Member Joined: 7/20/2009 Posts: 11
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The only available information is that 300.3M shares are on offer at a price of RWF125 with effect from today.I am not sure whether this is a good deal! http://www.newtimes.co.r...14672&article=42711
and http://www.reuters.com/a...po-idUSLDE75S19Y20110629
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Rank: Veteran Joined: 4/30/2010 Posts: 1,635
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Thats around 19/- kenya shillings so it is a good deal.
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Rank: Member Joined: 6/25/2010 Posts: 176
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RSE should be considered more of a buy and hold market until more companies join the market and volatility starts to show...look at the nse;if you had invested in 1990 in monopoly companies and decided to take profits after about 8 to 10 years you would be enjoying handsome profits. Rule No.1 is never lose money. Rule No.2 is never forget rule number one
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Rank: Member Joined: 12/2/2009 Posts: 286 Location: Nairobi
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My 20 cents: Rwanda is slow, so its best for looooong term. To move money there and to be able to successfully apply and trade in the secondary market may be quite time consuming and costly. Consider the transaction cost of changing KSH into USD then to FRW in order to trade in Bank of Kigali ......... with USD so high already you lose something there. Rwanda’s secondary market is not at as developed as the NSE, meaning trades happening per day are very few…..almost 1% what Kenya does, and that has an effect on how fast you can move your shares. So like Bralirwa only 100 shares traded on the first day.There is no market support ie no multiple buyers or sellers. In Kenya, stock market beats many investments in its ability to be liquid and accessibility of cash which may be not much a benefit in slow markets. Again a country will always favour its own investors than others….in rwanda you will be registered as EA investor. The benefit with Rwanda may be the margins. New markets still see upto 50% capital gains something we have forgotten in Kenya….20% is golden.. The laudable is more often than not rendered laughable by overclaim
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Rank: Veteran Joined: 4/30/2010 Posts: 1,635
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I think banque de kigali and bralirwa should crosslist in NSE..then only we will see huge volumes being traded and also price will rise probably even double.
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Rank: Chief Joined: 1/3/2007 Posts: 18,057 Location: Nairobi
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EPS? PER? NAV? Has anyone done the numbers? Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Veteran Joined: 4/30/2010 Posts: 1,635
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@ vituvingisana the prospectus is not yet out to determine the above.
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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Barrywhite wrote:My 20 cents: Rwanda is slow, so its best for looooong term. To move money there and to be able to successfully apply and trade in the secondary market may be quite time consuming and costly. Consider the transaction cost of changing KSH into USD then to FRW in order to trade in Bank of Kigali ......... with USD so high already you lose something there.
Rwanda’s secondary market is not at as developed as the NSE, meaning trades happening per day are very few…..almost 1% what Kenya does, and that has an effect on how fast you can move your shares. So like Bralirwa only 100 shares traded on the first day.There is no market support ie no multiple buyers or sellers. In Kenya, stock market beats many investments in its ability to be liquid and accessibility of cash which may be not much a benefit in slow markets.
Again a country will always favour its own investors than others….in rwanda you will be registered as EA investor.
The benefit with Rwanda may be the margins. New markets still see upto 50% capital gains something we have forgotten in Kenya….20% is golden..
Bralirwa trading 100 shares only in the first day speaks a lot about how illiquid RSE can be. How illiquid has it been for the rest of the period?
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Rank: Veteran Joined: 4/30/2010 Posts: 1,635
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I have one question guys foreigners had participated in the Bralirwa IPO so does it mean that they have kept all the shares allocated to them as the volumes traded in the RSE are very thin?
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Rank: Member Joined: 12/2/2009 Posts: 286 Location: Nairobi
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That's what l mean; selling shares is difficult. The highest number of shares sold on a single day for Bralirwa has been 2,800. So if you have, hypothetically, 20000 shares you need like a whole month to sell; during which dynamics could change. The laudable is more often than not rendered laughable by overclaim
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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@Barrywhite, where can we get those statistics of the activities of the RSE for the period starting Jan 2011 to June 2011. RSE website is crap. They have not even posted the prospectus yet the IPO opened today
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Rank: Veteran Joined: 4/30/2010 Posts: 1,635
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Whats the RSE website? I would like to have a look at the prospectus.
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Rank: Elder Joined: 6/20/2007 Posts: 2,037 Location: Lagos, Nigeria
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In the tiny up coming bourses if your aim of buying shares (IPO, or directly) is for speculation/capital gains, then best of luck. Your aim if you dare participate should be for a very long term like fix and forget (10 years minimum) and it should be solely for income (dividends), otherwise do not venture into them. The wazua spirit as members is to educate and inform and learn from others within the limit of what we know in any chosen area irrespective of our differences in tribes, nationalities, etc. .
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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young wrote:In the tiny up coming bourses if your aim of buying shares (IPO, or directly) is for speculation/capital gains, then best of luck.
Your aim if you dare participate should be for a very long term like fix and forget (10 years minimum) and it should be solely for income (dividends), otherwise do not venture into them.
There are a lot of gamblers on Wazua. Ur counsel will fall on deaf ears 
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Rank: Elder Joined: 6/20/2007 Posts: 2,037 Location: Lagos, Nigeria
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Cde Monomotapa wrote:young wrote:In the tiny up coming bourses if your aim of buying shares (IPO, or directly) is for speculation/capital gains, then best of luck.
Your aim if you dare participate should be for a very long term like fix and forget (10 years minimum) and it should be solely for income (dividends), otherwise do not venture into them.
There are a lot of gamblers on Wazua. Ur counsel will fall on deaf ears IT IS BETTER TO LEARN BY INFORMAATION THAN TO LEARN BY EXPERIENCE. The wazua spirit as members is to educate and inform and learn from others within the limit of what we know in any chosen area irrespective of our differences in tribes, nationalities, etc. .
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Rank: Elder Joined: 6/20/2007 Posts: 2,037 Location: Lagos, Nigeria
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Cde Monomotapa wrote:young wrote:In the tiny up coming bourses if your aim of buying shares (IPO, or directly) is for speculation/capital gains, then best of luck.
Your aim if you dare participate should be for a very long term like fix and forget (10 years minimum) and it should be solely for income (dividends), otherwise do not venture into them.
There are a lot of gamblers on Wazua. Ur counsel will fall on deaf ears IT IS BETTER TO LEARN BY INFORMATION THAN TO LEARN FROM EXPERIENCE. The wazua spirit as members is to educate and inform and learn from others within the limit of what we know in any chosen area irrespective of our differences in tribes, nationalities, etc. .
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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young wrote:Cde Monomotapa wrote:young wrote:In the tiny up coming bourses if your aim of buying shares (IPO, or directly) is for speculation/capital gains, then best of luck.
Your aim if you dare participate should be for a very long term like fix and forget (10 years minimum) and it should be solely for income (dividends), otherwise do not venture into them.
There are a lot of gamblers on Wazua. Ur counsel will fall on deaf ears IT IS BETTER TO LEARN BY INFORMAATION THAN TO LEARN BY EXPERIENCE. So we keep on giving to recieve info 
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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FUNKY wrote:Whats the RSE website? I would like to have a look at the prospectus. The RSE Website is http://www.rse.rw/But it doesn't have the information you want
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Rank: Veteran Joined: 4/30/2010 Posts: 1,635
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I went through RSE website i can see it is much much better than the NSE website.
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Rank: Elder Joined: 6/20/2007 Posts: 2,037 Location: Lagos, Nigeria
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FUNKY wrote:I went through RSE website i can see it is much much better than the NSE website. In what way ??? The wazua spirit as members is to educate and inform and learn from others within the limit of what we know in any chosen area irrespective of our differences in tribes, nationalities, etc. .
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