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Banque de Kigali
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kiterunner
#151 Posted : Tuesday, July 19, 2011 10:27:19 AM
Rank: Member

Joined: 7/9/2011
Posts: 730
Location: Nairobi
i ll get mine through NIC by end of the week, first time am trying something outside, hope exchange rate wont mess everything
our goals are best achieved indirectly
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eco
#152 Posted : Tuesday, July 19, 2011 12:57:00 PM
Rank: Member

Joined: 6/17/2011
Posts: 229
I purchased through Faida Securities Rwanda. In the long term, this is going to give good returns, just like the Stanbic UG did in 2007. Still growing post 1:1 bonus. Go ahead and buy.
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mwanahisa
#153 Posted : Tuesday, July 19, 2011 1:06:59 PM
Rank: Elder

Joined: 6/2/2008
Posts: 1,438
This is certainly a BUY. The only caveat is that the shares are way too few. So one will have to be prepared for refunds.

That's where the exchange rate will bite. The spreads on EAC currencies are way too punitive. Can't wait for the day when the EAC will have one common currency. I am sure the banks do not look forward to this!
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ecstacy
#154 Posted : Tuesday, July 19, 2011 1:44:57 PM
Rank: Elder

Joined: 2/26/2008
Posts: 4,449
Dyer & Blair only accepting applications worth KES 1 Million and AA applications worth KES 500K+ minimum. AA definitely expecting an over subscription.
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Barrywhite
#155 Posted : Tuesday, July 19, 2011 1:57:59 PM
Rank: Member

Joined: 12/2/2009
Posts: 286
Location: Nairobi
Yeah, refunds will definitely be massive. The alternative would be to keep the refunds with your broker and invest in the same market at an appropriate time. Otherwise you need to have a good venture on which to spend the refunds to cover the losses incurred in exchange rate both ways - and that can be an uphill task.
The laudable is more often than not rendered laughable by overclaim
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FUNKY
#156 Posted : Tuesday, July 19, 2011 2:05:32 PM
Rank: Veteran

Joined: 4/30/2010
Posts: 1,635
@Barrywhite - i agree with you,the best option would be to keep the refunds with the broker and give him instructions to buy more shares of BK from the market.
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the deal
#157 Posted : Tuesday, July 19, 2011 2:18:10 PM
Rank: Elder

Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
Bank of Kigali does not impress me
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FUNKY
#158 Posted : Tuesday, July 19, 2011 2:29:15 PM
Rank: Veteran

Joined: 4/30/2010
Posts: 1,635
Does any one have information about whether the Rwandans are showing interest in buying this stock or not? Since President Kagame bought the shares what reaction has come out from the Rwandans?
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ecstacy
#159 Posted : Tuesday, July 19, 2011 2:54:43 PM
Rank: Elder

Joined: 2/26/2008
Posts: 4,449
A week after the IPO opened on June 30th, the bank's MD James Gatera said the international pool was oversubscribed 3.5 times...40% of the offer already taken. 'We' are all scrambling for the remaining 60% with the lead brokerage firms intent on almost only serving high net worth individuals...between Kenyans and foreigners, this offer should be well and truly taken up...
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Aguytrying
#160 Posted : Tuesday, July 19, 2011 7:26:08 PM
Rank: Elder

Joined: 7/11/2010
Posts: 5,040
the deal wrote:
Bank of Kigali does not impress me

me too, though the name has a ring to it.
The investor's chief problem - and even his worst enemy - is likely to be himself
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