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Banque de Kigali
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mwekez@ji
#161 Posted : Tuesday, July 19, 2011 8:59:25 PM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
Aguytrying wrote:
the deal wrote:
Bank of Kigali does not impress me

me too, though the name has a ring to it.


What are your reasons?
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mwekez@ji
#162 Posted : Tuesday, July 19, 2011 11:02:54 PM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
BK projects IPO to be oversubscribed

http://www.newtimes.co.rw/index...=14686&article=43169

Quote:
BK’s Chief Operational Officer, Lawson Naibo, told Business Times on Monday that the turnout in first two weeks of the offer is quite impressive.

“We are anticipating that the retail pool is going to be oversubscribed according to the reports from banks and stockbrokers. Banks are reporting huge turnouts of clients buying the shares,” Naibo explained.

....

Naibo also said that BK is facilitating people to buy shares through loans.

....
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detomweri
#163 Posted : Monday, July 25, 2011 2:58:09 PM
Rank: New-farer

Joined: 3/4/2010
Posts: 67
Location: Nairobi
Anybody with an idea on how this IPO is progressing(demand from Kenya,UG,RW etc? Anxious
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Barrywhite
#164 Posted : Monday, July 25, 2011 3:54:51 PM
Rank: Member

Joined: 12/2/2009
Posts: 286
Location: Nairobi

I am just disappointed in one thing with this IPO: That you apparently cannot directly instruct your broker to invest the refunds. The refunds must first come back to you, which means currency losses; unless you have an account in RwF! What a setback! Although l understand its the case even here; your refund must come to you first as it cant be paid to your broker by the receiving bank!
The laudable is more often than not rendered laughable by overclaim
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youcan'tstopusnow
#165 Posted : Monday, July 25, 2011 4:14:19 PM
Rank: Chief

Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
detomweri wrote:
Anybody with an idea on how this IPO is progressing(demand from Kenya,UG,RW etc? Anxious


detomweri, an oversubscription seems to be the only plausible outcome here
GOD BLESS YOUR LIFE
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mwekez@ji
#166 Posted : Tuesday, July 26, 2011 9:20:51 AM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
BK IPO causes tilt on secondary market

http://www.newtimes.co.rw/index...=14698&article=43550
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FUNKY
#167 Posted : Tuesday, July 26, 2011 10:43:34 AM
Rank: Veteran

Joined: 4/30/2010
Posts: 1,635
This is interesting news. I already sent my application on Monday 25th July 2011 via CFC. The manager said the applications they received for this share surpassed the total applications received for British American IPO..surprising.
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ecstacy
#168 Posted : Thursday, July 28, 2011 10:28:56 AM
Rank: Elder

Joined: 2/26/2008
Posts: 4,449
Went in big on this one. If demand is anything to go by, the secondary market will be active...further once the NSE demutualisation is complete, I believe reverse cross listing will be done from Kigali and that is a good time to already be owning these shares...as for now, the paltry shares one gets will hopefully appreciate well enough to knock off the forex conversion losses.
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FUNKY
#169 Posted : Thursday, July 28, 2011 11:12:50 AM
Rank: Veteran

Joined: 4/30/2010
Posts: 1,635
I am also waiting for that day. Once the RSE stocks crosslist in NSE things will be rosy.
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detomweri
#170 Posted : Friday, July 29, 2011 12:36:29 PM
Rank: New-farer

Joined: 3/4/2010
Posts: 67
Location: Nairobi
Today is the closing date.Has anybody been to the brokerage houses to update us on the Response? This is in consideration that Kenyans like the last minute rush!
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