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buying shares direct from companies
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lovely2010
#1 Posted : Monday, November 15, 2010 6:59:55 PM
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Joined: 10/25/2010
Posts: 519
Location: nairobi
Im wondering is it possible to buy shares direct from companies without going through the stockbrokers. Im trying to see if its possible to escape stockbrokers fee or are there ANY OTHER methods that can be used to escape the fee...
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Ali Baba
#2 Posted : Monday, November 15, 2010 7:21:25 PM
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Joined: 8/29/2008
Posts: 571
Nonsense!Why do you want to escape broker's fee? Pay Up.If you are this mean,don't come to the stock market.
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VituVingiSana
#3 Posted : Monday, November 15, 2010 8:00:07 PM
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Joined: 1/3/2007
Posts: 18,259
Location: Nairobi
@lovely2101 - In the advanced economies, they have DRIPs which allow you to buy shares DIRECTLY using your dividends. A pity we have the greedy (& lousy) brokers who are interested in scamming you!

There is an option known as Scrip Dividends where you can buy directly from the firms. Standard Group had one recently... but these are rare...
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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lovely2010
#4 Posted : Monday, November 15, 2010 8:05:25 PM
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Joined: 10/25/2010
Posts: 519
Location: nairobi
Ali Baba wrote:
Nonsense!Why do you want to escape broker's fee? Pay Up.If you are this mean,don't come to the stock market.


Its not about being mean, whats wrong with asking for information...
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lovely2010
#5 Posted : Monday, November 15, 2010 8:09:33 PM
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Joined: 10/25/2010
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Location: nairobi
VituVingiSana wrote:
@lovely2101 - In the advanced economies, they have DRIPs which allow you to buy shares DIRECTLY using your dividends. A pity we have the greedy (& lousy) brokers who are interested in scamming you!

There is an option known as Scrip Dividends where you can buy directly from the firms. Standard Group had one recently... but these are rare...


Thanks...
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sparkly
#6 Posted : Monday, November 15, 2010 11:03:55 PM
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Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
lovely2010 wrote:
Im wondering is it possible to buy shares direct from companies without going through the stockbrokers. Im trying to see if its possible to escape stockbrokers fee or are there ANY OTHER methods that can be used to escape the fee...

invest in bonus paying stocks-nic, centum and agha khan firms. They re invest you earnings internally
Life is short. Live passionately.
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Sober
#7 Posted : Tuesday, November 16, 2010 8:07:48 AM
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Joined: 11/27/2007
Posts: 3,604
if you are escaping to pay 1.8% commission, then you have no business (if i can use that word) being in the stock market because it means you are eyeing returns too megre that his will have a big impact.
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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lovely2010
#8 Posted : Tuesday, November 16, 2010 10:27:07 AM
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Location: nairobi
Sober wrote:
if you are escaping to pay 1.8% commission, then you have no business (if i can use that word) being in the stock market because it means you are eyeing returns too megre that his will have a big impact.


I thought it is 2.1% and with cfc if you spend less than 5k they charge you extra money but they have never been able to expain what it is for. For example if you buy 600 shares of kenol and they happen to be bought like 500 separate and 100 separate for 100 they will charge 2.1% plus ksh.100 and for the 500 they will charge 2.1% plus like ksh.40 on top. Unlike other brokers they charge only 2.1% and no other charges which it is fair.
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Sufficiently Philanga....thropic
#9 Posted : Tuesday, November 16, 2010 11:16:27 AM
Rank: Elder


Joined: 9/23/2010
Posts: 2,221
Location: Sundowner,Amboseli
lovely2010 wrote:
Sober wrote:
if you are escaping to pay 1.8% commission, then you have no business (if i can use that word) being in the stock market because it means you are eyeing returns too megre that his will have a big impact.


I thought it is 2.1% and with cfc if you spend less than 5k they charge you extra money but they have never been able to expain what it is for. For example if you buy 600 shares of kenol and they happen to be bought like 500 separate and 100 separate for 100 they will charge 2.1% plus ksh.100 and for the 500 they will charge 2.1% plus like ksh.40 on top. Unlike other brokers they charge only 2.1% and no other charges which it is fair.

True, the commission varies from 1.8% to 2.1% depending on the blocks that come your way from investors selling. For instance, if you want to buy 100,000 shares in Eveready and the sellers each own 200 units, then your commision will be 2.1%. If however you are lucky to get a big supplier with the whole chuck of 100K shares, your commission will average just under 1.9%
@SufficientlyP
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Wendz
#10 Posted : Tuesday, November 16, 2010 11:30:59 AM
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Joined: 6/19/2008
Posts: 4,268
sparkly wrote:
lovely2010 wrote:
Im wondering is it possible to buy shares direct from companies without going through the stockbrokers. Im trying to see if its possible to escape stockbrokers fee or are there ANY OTHER methods that can be used to escape the fee...

invest in bonus paying stocks-nic, centum and agha khan firms. They re invest you earnings internally


Oh, really? how do you do that? i just got my check for NIC and i wouldnt mind doing that and for KCB too.
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Gordon Gekko
#11 Posted : Tuesday, November 16, 2010 11:50:49 AM
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Joined: 5/27/2008
Posts: 3,760
@wendz, that's good news because I have been waiting for my NIC dividends since 5th Oct. I'm also still waiting for BBK that I had expected on 8th Oct together with my favourite OCHL aka wamae aka dunlop who graciously promised to pay 10cents by 1st Oct....Not to forget Nation Media who should have paid by 30th Sep. Or do I have all my dates mixed up?
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VituVingiSana
#12 Posted : Tuesday, November 16, 2010 12:17:52 PM
Rank: Chief


Joined: 1/3/2007
Posts: 18,259
Location: Nairobi
Puhleeze... Why should I pay my broker a percentage when the buttons she/he presses for shares worth 100,000 or 10,000,000 are the same ones?

It is time to have a set 'fee' like they do in the USA/UK which is per trade/order!
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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