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Banque de Kigali
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FUNKY
#131 Posted : Monday, July 11, 2011 8:35:52 AM
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Joined: 4/30/2010
Posts: 1,635
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FUNKY
#132 Posted : Monday, July 11, 2011 1:56:26 PM
Rank: Veteran

Joined: 4/30/2010
Posts: 1,635
@ 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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ecstacy
#133 Posted : Monday, July 11, 2011 2:43:51 PM
Rank: Elder

Joined: 2/26/2008
Posts: 4,449
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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FUNKY
#134 Posted : Monday, July 11, 2011 5:06:39 PM
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Joined: 4/30/2010
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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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Sober
#135 Posted : Monday, July 11, 2011 5:34:49 PM
Rank: Elder

Joined: 11/27/2007
Posts: 3,604
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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FUNKY
#136 Posted : Tuesday, July 12, 2011 10:02:10 AM
Rank: Veteran

Joined: 4/30/2010
Posts: 1,635
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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ecstacy
#137 Posted : Wednesday, July 13, 2011 12:01:12 PM
Rank: Elder

Joined: 2/26/2008
Posts: 4,449
(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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ngapat
#138 Posted : Wednesday, July 13, 2011 1:08:02 PM
Rank: Veteran

Joined: 12/11/2006
Posts: 930
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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eco
#139 Posted : Wednesday, July 13, 2011 1:23:35 PM
Rank: Member

Joined: 6/17/2011
Posts: 229
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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mmunguti
#140 Posted : Wednesday, July 13, 2011 1:29:13 PM
Rank: New-farer

Joined: 6/23/2011
Posts: 53
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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