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Rank: Member Joined: 12/8/2009 Posts: 274 Location: Ltktk
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invest0r wrote:FUNKY wrote:@ Investor so we should apply for how many shares? Apply the much you can. The allocation policy incase of oversubscription is on pro-rata. Quote:If the total number of Offer Shares applied for is more than the total number of Offer Shares reserved for the Retail East Africans sub-pool, Applicants will be allotted 100 Offer Shares in the first instance and thereafter in multiples of 100 Offer Shares on a pro rata basis, rounded down to the nearest 100 Offer Shares, until all Offer Shares in the sub-pool are fully exhausted, provided however that Rwandan citizens will be given priority in allotment for up to 60% of the Offer Shares reserved under the Retail East Africans sub-pool. This simply means the rest of east africans( non rwandans) will be scrambling for 33M shares ie 40 percent. does it really make sense to apply for this thing and end up with 500 shares? ...things fall apart...the centre cannot hold..mere anarchy is loosed upon the world...w b yeats
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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TUPAC wrote:invest0r wrote:FUNKY wrote:@ Investor so we should apply for how many shares? Apply the much you can. The allocation policy incase of oversubscription is on pro-rata. Quote:If the total number of Offer Shares applied for is more than the total number of Offer Shares reserved for the Retail East Africans sub-pool, Applicants will be allotted 100 Offer Shares in the first instance and thereafter in multiples of 100 Offer Shares on a pro rata basis, rounded down to the nearest 100 Offer Shares, until all Offer Shares in the sub-pool are fully exhausted, provided however that Rwandan citizens will be given priority in allotment for up to 60% of the Offer Shares reserved under the Retail East Africans sub-pool. This simply means the rest of east africans( non rwandans) will be scrambling for 33M shares ie 40 percent. does it really make sense to apply for this thing and end up with 500 shares? The non rwandans will basically be Kenyans. I think Burudians, Tanzanians and Ugandans will participate in a very small way in this IPO
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Rank: Veteran Joined: 4/30/2010 Posts: 1,635
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Lets hope the Burundians,Tanzanians and Ugandans participate in small numbers so we are allocated more shares.
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Rank: Member Joined: 12/15/2010 Posts: 162
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FUNKY wrote:Lets hope the Burundians,Tanzanians and Ugandans participate in small numbers so we are allocated more shares.
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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mwekez@ji wrote:Quote:If the total number of Offer Shares applied for is more than the total number of Offer Shares reserved for the Retail East Africans sub-pool, Applicants will be allotted 100 Offer Shares in the first instance and thereafter in multiples of 100 Offer Shares on a pro rata basis, rounded down to the nearest 100 Offer Shares, until all Offer Shares in the sub-pool are fully exhausted, provided however that Rwandan citizens will be given priority in allotment for up to 60% of the Offer Shares reserved under the Retail East Africans sub-pool. This simply means the rest of east africans( non rwandans) will be scrambling for 33M shares ie 40 percent. does it really make sense to apply for this thing and end up with 500 shares? [/quote] [/quote] Also do put into consideration that banks like KCB(R) have committed to offering credit finance for interested investors. Following the success of Brailwa* post-listing..I smell another Safcon IPO here people.
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Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
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Cde Monomotapa wrote:mwekez@ji wrote:Quote:If the total number of Offer Shares applied for is more than the total number of Offer Shares reserved for the Retail East Africans sub-pool, Applicants will be allotted 100 Offer Shares in the first instance and thereafter in multiples of 100 Offer Shares on a pro rata basis, rounded down to the nearest 100 Offer Shares, until all Offer Shares in the sub-pool are fully exhausted, provided however that Rwandan citizens will be given priority in allotment for up to 60% of the Offer Shares reserved under the Retail East Africans sub-pool. This simply means the rest of east africans( non rwandans) will be scrambling for 33M shares ie 40 percent. does it really make sense to apply for this thing and end up with 500 shares? [/quote] Also do put into consideration that banks like KCB(R) have committed to offering credit finance for interested investors. Following the success of Brailwa* post-listing.. I smell another Safcon IPO here people.[/quote] Equity benefited when that happened. Who will benefit now? GOD BLESS YOUR LIFE
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Rank: Veteran Joined: 4/30/2010 Posts: 1,635
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That means KCB will benefit a lot also in terms of interest income. Seems a good year for KCB ahead.
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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FUNKY wrote:That means KCB will benefit a lot also in terms of interest income. Seems a good year for KCB ahead.
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Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
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FUNKY wrote:That means KCB will benefit a lot also in terms of interest income. Seems a good year for KCB ahead. Also note that the size of the Banque de Kigali IPO cannot be compared to the Safaricom IPO. Thus any gains won't have as much of an effect like Safaricom had for Equity GOD BLESS YOUR LIFE
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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youcan'tstopusnow wrote:FUNKY wrote:That means KCB will benefit a lot also in terms of interest income. Seems a good year for KCB ahead. Also note that the size of the Banque de Kigali IPO cannot be compared to the Safaricom IPO. Thus any gains won't have as much of an effect like Safaricom had for Equity Great oppurtnity for KCB(R) to scale up in a new mkt.
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