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Rank: Elder Joined: 2/26/2008 Posts: 4,449
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eco wrote: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. Thank you.
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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. President Kagame buys shares in BK http://www.newtimes.co.rw/index...=14679&article=42950Quote:“I do believe that this is an example to East Africans, that this is a good asset to invest in. The returns will be overwhelming,” said Gatera, MD of BK. .
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Rank: Member Joined: 6/17/2011 Posts: 229
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I want us to get a leader like this in Kenya. This Gentleman leads Rwanda by example, including participating in cleaning up the street during 'environment clean up' days. Bravo Kagame, teaching Rwandans how to invest!
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Rank: Veteran Joined: 4/30/2010 Posts: 1,635
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This means lot of Rwandans will flock to buy the shares. We will be likely to be allocated with few shares and also incur exchange losses during the time of refunds.
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Rank: Elder Joined: 11/27/2007 Posts: 3,604
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FUNKY wrote:This means lot of Rwandans will flock to buy the shares. We will be likely to be allocated with few shares and also incur exchange losses during the time of refunds. i just hope that the natives are not so informed so that we may get a substantial amount of shares. African parents don't know how to say sorry.. the closest you will get to a sorry is a 'have you eaten'
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Rank: Elder Joined: 11/27/2007 Posts: 3,604
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FUNKY wrote: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? they are just ensuring that they don't incur a lot of overhead costs processing many orders. its a financial issues. African parents don't know how to say sorry.. the closest you will get to a sorry is a 'have you eaten'
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Rank: Veteran Joined: 4/30/2010 Posts: 1,635
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@ Sober my question was are they legally allowed to process applications worth only 1,000,000/- where as one can even apply for 100 shares minimum. They being one of the lead transacting brokers are'nt they suppose to follow that?
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Rank: Elder Joined: 11/27/2007 Posts: 3,604
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FUNKY wrote:@ Sober my question was are they legally allowed to process applications worth only 1,000,000/- where as one can even apply for 100 shares minimum. They being one of the lead transacting brokers are'nt they suppose to follow that? you cannot coerce them to the terms that you want, they call the shots. just for the same reason the other 15 or so stockbrockers are not venturing in this IPO. can you ask then arguing that you have every right as a CDSC a/c holder? African parents don't know how to say sorry.. the closest you will get to a sorry is a 'have you eaten'
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Rank: New-farer Joined: 3/29/2011 Posts: 56 Location: Kenya
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Check out the 2nd and final part of the Bank of Kigali IPO analysis. Also includes a comparison between the Bank of Kigali and a similarly sized local bank All the best as you decide whether or not to invest in the IPO. BANK OF KIGALI IPO ANALYSIS PART 2
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Rank: Veteran Joined: 4/30/2010 Posts: 1,635
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Nice analysis again...we should all invest in this IPO,we will make some good capital gains.
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Rank: Veteran Joined: 4/30/2010 Posts: 1,635
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Rank: Veteran Joined: 4/30/2010 Posts: 1,635
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@ Ecstacy - CFC Stanbic till to date have not yet received the application forms for Banque de Kigali IPO,dunno if i still wait or i should just go to Dyer and Blair who have slashed the minimum application to 10,000 shares.
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Rank: Elder Joined: 2/26/2008 Posts: 4,449
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FUNKY wrote:@ Ecstacy - CFC Stanbic till to date have not yet received the application forms for Banque de Kigali IPO,dunno if i still wait or i should just go to Dyer and Blair who have slashed the minimum application to 10,000 shares. African Alliance also haven't received application forms last I checked Friday, so it may be a countrywide issue. I can see D & B have behaved. AA initially had requirement of a minimum of 10,000 shares but this has since risen to 30,000. CFC Stanbic?
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Rank: Veteran Joined: 4/30/2010 Posts: 1,635
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@ ecstacy as far as i have heard you can apply for any amount with them which if true is good for us. Once they confirm the forms have arrived i will visit them.
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Rank: Elder Joined: 11/27/2007 Posts: 3,604
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FUNKY wrote:@ Ecstacy - CFC Stanbic till to date have not yet received the application forms for Banque de Kigali IPO,dunno if i still wait or i should just go to Dyer and Blair who have slashed the minimum application to 10,000 shares. This reduces the minimum apllication to around ksh 200,000. What has caused them to arrive at this decision? African parents don't know how to say sorry.. the closest you will get to a sorry is a 'have you eaten'
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Rank: Veteran Joined: 4/30/2010 Posts: 1,635
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I just rang CFC today and again the same response - we still have not received the application forms but we are going to receive them in the course of the week. This shows are in efficient they are.
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Rank: Elder Joined: 2/26/2008 Posts: 4,449
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(1). African Alliance minimum application is for 30,000 shares at RF 125 a piece. This amounts to RF 3,750,000. With a conversion rate of 1KES - RF of 6.77 to 7 this effectively requires around KES 536,000/=. Add an additional fee of USD 23 @ 1USD - KES conversion of 90/=, this additional fee is like KES 2,070/=.
Minimum SUM Application fee = 536,000 + 2,070 = 538,070/=
This amount is payable to the following account:
African Alliance Rwanda
Bank of Kigali
IPO account Number: 040-0350607-80 RWF
SWIFT: BKIGRWRW
Queue and pay using Kenya Commercial Bank.
(2) The application forms have arrived. Carry along 2 Passport size photos, copies of your Passport and Original Passport for verification.
(3) The stop receiving application forms a week before the offer closes.
You are sorted now.
What is the case for the above for Dyer & Blair and CFC or Faida?
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Rank: Member Joined: 12/11/2006 Posts: 874
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minimum @faida is 100 shares @ kes 19. why go to those with limits on minimum “Invest in yourself. Your career is the engine of your wealth.”
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Rank: Member Joined: 6/17/2011 Posts: 229
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ngapat wrote:minimum @faida is 100 shares @ kes 19. why go to those with limits on minimum I am asking myself the same question. They want to have a nice time with your refunds.
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Rank: New-farer Joined: 6/23/2011 Posts: 53
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Sober wrote:FUNKY wrote: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? they are just ensuring that they don't incur a lot of overhead costs processing many orders. its a financial issues. They should learn from Equity
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