Wazua
»
Investor
»
Stocks
»
Banque de Kigali
Rank: Chief Joined: 5/31/2011 Posts: 5,121
|
Foreigners’ Demand at Bank of Kigali IPO Was Three Times Amount Offeredhttp://www.bloomberg.com/news/2...imes-amount-offered.htmlQuote:Demand from foreign investors for shares in an initial public offer by Bank of Kigali Ltd., Rwanda’s biggest lender by assets, was three times the amount offered, said Chief Operating Officer Lawson Naibo.
The bank offered 40 percent of total shares to people outside the East African nation in a sale that ended June 23, he said in an interview in Kigali, the capital, today. Demand from the offer within the country, which starts today, “will be the same,” he said.
|
|
|
Rank: Veteran Joined: 4/30/2010 Posts: 1,635
|
@ young i meant the old NSE website.
|
|
|
Rank: Chief Joined: 5/31/2011 Posts: 5,121
|
http://allafrica.com/stories/201107010124.htmlQuote:In the IPO, East Africans are eligible to apply only for the 82,591,440 Offer Shares reserved under this sub-pool, employees and Directors are eligible to apply only for the 7,500,000 shares reserved under this sub-pool.
Rwandans who are incorporated or registered in Rwanda, are eligible to apply only for the 45,045,600 Offer Shares reserved under this sub-pool, while foreign investors who are not East Africans, employees and directors are eligible to apply for shares under the international pool.
|
|
|
Rank: Member Joined: 6/17/2011 Posts: 229
|
I have a copy of the BK IPO prospectus should anyone be interested to take a look. Request through funecosystems at gmail dot com
|
|
|
Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
|
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. young, I think it is always nice for one to be bitten. "Once bitten, twice shy" Like you said it yourself, "ONLY GOD IS PERFECT IN THIS GAME" Cde, mtoto akililia wembe... GOD BLESS YOUR LIFE
|
|
|
Rank: Member Joined: 6/17/2011 Posts: 229
|
Have been exploring how to share the BK IPO Prospectus. Please follow this link and download [ http://tinyurl.com/6lef3e8 ]. Like the Stanbic UG IPO, long-term is the way to go for Rwanda too. Invest what you can 'forget' in the time-being. I still hold my Stanbic UG IPO shares and still not in a hurry to dispose. That is what I mean by 'forgetting'. Cheers.
|
|
|
Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
|
What is the offer price per share? The prospectus leaves a blank for that area GOD BLESS YOUR LIFE
|
|
|
Rank: Member Joined: 12/24/2008 Posts: 112
|
125 francs a share, minimum 100 shares
|
|
|
Rank: Member Joined: 6/17/2011 Posts: 229
|
For those willing to dive into the virgin 'Kagameland' again, Faida Securities Rwanda contact person here(: Cecilia Kaunga Operations Manager Faida Securities Rwanda, Centenary House, Avenue De La Paix, Tel. No. +250 782859330, +254 720414656 Email: cecilia@fib.co.ke Kigali, Rwanda. OR African Alliance Rwanda Limited here(: African Alliance Rwanda Limited A5A7/07/KIG Centenary House, 6th Floor Avenue de la Paix P.O. Box 638 Kigali, RWANDA Tel.: +250 785 694490 Email: securitiesrw@africanalliance.comWeb: www.africanalliance.com Cheers.
|
|
|
Rank: Member Joined: 12/15/2010 Posts: 162
|
youcan'tstopusnow wrote:What is the offer price per share? The prospectus leaves a blank for that area Looks like that prospectus was not the final draft. However it is giving crucial information and the blank can be filled with the info in the public domain. From the look of things, BK is definitely a better investment for long term investors than BRITAK especially with 2012 risks in Kenya. My 2cts
|
|
|
Wazua
»
Investor
»
Stocks
»
Banque de Kigali
Forum Jump
You cannot post new topics in this forum.
You cannot reply to topics in this forum.
You cannot delete your posts in this forum.
You cannot edit your posts in this forum.
You cannot create polls in this forum.
You cannot vote in polls in this forum.
|