wazua Thu, Mar 19, 2026
Welcome Guest Search | Active Topics | Log In

49 Pages«<1011121314>»
Banque de Kigali
Options
Previous Topic · Next Topic
mwekez@ji
#111 Posted : Tuesday, July 05, 2011 3:29:19 PM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121

Final draft of BK prospectus is available for download here

http://www.4shared.com/get/eK4F...pectus_final_280611.html
Back to top
  |
eco
#112 Posted : Tuesday, July 05, 2011 4:25:29 PM
Rank: Member

Joined: 6/17/2011
Posts: 229
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?

From the look of things, we are in for an over-subscription of the Bank of Kigali. BRALIRWA was over subscribed 100% and the trend might duplicate considering that more people understand stocks better now than before. However, from the EA pool, there is still a chance that majority could be Kenyan investors as BRALIRWA didn't manage to fully kengen Rwandans.
Back to top
  |
FUNKY
#113 Posted : Wednesday, July 06, 2011 8:37:06 AM
Rank: Veteran

Joined: 4/30/2010
Posts: 1,635
An oversubscription will be there for sure. I jsut hope it is not massively oversubscribed so that we get a higher allocation.
Back to top
  |
ecstacy
#114 Posted : Wednesday, July 06, 2011 10:13:27 AM
Rank: Elder

Joined: 2/26/2008
Posts: 4,449
So far, what is the application process especially as per the currency conversions and bank charges?
Back to top
  |
ecstacy
#115 Posted : Wednesday, July 06, 2011 2:59:05 PM
Rank: Elder

Joined: 2/26/2008
Posts: 4,449
African Alliance accepting 30,000 shares minimum. How about the rest?
Back to top
  |
FUNKY
#116 Posted : Wednesday, July 06, 2011 3:06:40 PM
Rank: Veteran

Joined: 4/30/2010
Posts: 1,635
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?
Back to top
  |
underweight
#117 Posted : Wednesday, July 06, 2011 4:29:01 PM
Rank: Member

Joined: 1/25/2009
Posts: 184
Location: For now El-Fashier - Darfur
@ ecstacy... When did U confirm that. I was there yesterday and was told the minimum I can invest on the IPO is 1 Million. I believe its a way of minimising wanjiku's and taking advantage of the refunds. Definatly refunds will be alot! Shame on you
"A bad decision made now is beta that a good one made later!!"
Back to top
WWW
  | | Edit by user: Wednesday, July 06, 2011 4:31 PM | Reason: Grammer
ecstacy
#118 Posted : Thursday, July 07, 2011 2:21:12 PM
Rank: Elder

Joined: 2/26/2008
Posts: 4,449
underweight wrote:
@ ecstacy... When did U confirm that. I was there yesterday and was told the minimum I can invest on the IPO is 1 Million. I believe its a way of minimising wanjiku's and taking advantage of the refunds. Definatly refunds will be alot! Shame on you


Prohibitive amounts...Was at AA Tuesday 05/07/11. Suntra talked of doing this IPO. Any confirmation? If they are I doubt they would ask for this amounts...
Back to top
  |
luxel
#119 Posted : Thursday, July 07, 2011 2:59:52 PM
Rank: Member

Joined: 7/17/2008
Posts: 152

The lead brokers are african alliance and dyer&blair, so any other broker in kenya will have to submit their applications through any of the two. Since they have agreed the minimum is kshs.1 million then thats it.

By the way you must have a passport to participate as rwanda is not accepting kenyan national I.D. so probably the starting point should be nyayo house as you look for the million.
Back to top
  |
eco
#120 Posted : Thursday, July 07, 2011 3:11:03 PM
Rank: Member

Joined: 6/17/2011
Posts: 229
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.com

Faida Securities Rwanda Limited given earlier. You could check if they are handling through Nairobi office.

Leave alone those asking millions!

Cheers.
Back to top
  |
49 Pages«<1011121314>»
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.

Wazua Investor Theme
Powered by YAF | YAF © 2003-2009, Yet Another Forum.NET
Copyright © 2026 Wazua.co.ke. All Rights Reserved.